Sunday, November 17, 2013

Five popular online business model

If you are looking to generate an income online then it is very important to understand what type of online business model you would like to create for yourself. Patrick at fromdreamstolifestyle share five popular online business models people use to create an income online.
 
Blog
 
In online business blogs are usually created to build an audience and educate them in a way that helps them improve a certain aspect of their lives. Over time products and services can be offered to help the readers and community of the blog move closer to a goal that the community is striving for. Blogs have the ability to generate income through software products, affiliate links, ebooks, educational material and other forms.
 
Membership site
 
Membership sites can be a great way to build an income because monthly and/or annual payments can be made to generate an income on a continuous basis. This can be very appealing as a business model because you aren’t selling a one time product but creating a continuous revenue stream which requires far fewer people to maintain a good source of income.
 
Niche site
 
Most niche sites focus on a specific product/service created to satisfy that markets particular needs. Niche sites tend to gain most of their traffic through ranking well in search engines for specific keyword terms, and use short copy to communicate the importance of their product to try to convert their prospects into buyers and email subscribers. Keyword research is a must for those looking to create high traffic niche sites that generate income.

Review site
 
These sites offer detailed information about each product/service and list of pros and cons of each to help the buyer figure out which product/service works best for him or her. What makes these sites so appealing is that most people looking at review sites are ready to make a purchase and are looking for the best product for their situation. A lot less work is involved in converting prospects into buyers. Review sites are often monetized through affiliate links and paid or ppc advertising.

E-commerce site
 
E-commerce sites focus on buying and selling products through an electronic medium. Some good examples of e-commerce sites are Ebay, Amazon, and Macy’s. These type of sites can produce large amounts of income, but tend to require the most work to build and maintain.

No comments:

Post a Comment