Posts Tagged ‘subscription model’
Find the internet based business you will love growing today!
Starting an internet based business is like growing a garden. It takes time to plan the plot, what goes where, the growing cycle for each plant and research time to find the appropriate chemicals to aid both growth for the plants you encourage and abatement of growth for weeds.
In finding the internet based business that’s right for you, there will be time spent learning what, how, why and how much will this cost me? The first thing one must do is conduct research to find the internet based business model that appeals to you. There are several internet based business models to choose from.
This article will endeavor to give you a look at legitimate internet based business models and opportunities. It will also attempt to inspire you and get those creative wheels turning in your head in order to find the internet based business that you will love establishing and growing to maturity.
A Warning & Heads’ Up
The obvious opportunities people check out first are mlm, direct sales, and guru type products. These are generally the most advertised internet business models. I suggest you be cautious with these internet models and opportunities.
Reason why:
- cost to get started
- cost to maintain a position with the company
- cost to market the products or opportunity
- guru type products come loaded with upsells to get complete information
Typically, the company makes money on the mlm or direct sales model – not the distributor.
It takes just as much effort to make $400,000 as it does to make $4,000. Choosing a low cost mlm or direct sales opportunity model will cost you time to learn how to market and money paid to your upline and the companies involved for product you don’t need and systems that don’t work. Generous financial rewards are simply not built into the compensation plan.
Choose a business model that you can work independent of a company that has no cap on growth and rewards you well for your efforts.
Internet Essentials Behind the Scenes
Any internet based business will include these elements:
- web site(s) / blog(s)
- business community forum
- research & tracking software
- marketing plan
- sales funnel
- products or services
- outsource assistants
- virtual assistants
- payment processor
- business entity
- lead generation budget of time and money
These essential elements of an internet based business are inescapable. They go with the territory of generating business online. In addition to using the above elements, you’ll need to learn how to use each element to your advantage. Eventually, once learned, they will become time savers. You can successfully manage your internet based business spending a few hours a day rather than 40 hours a week.
What Internet Based Business Model Appeals To You?
The next step is to choose how you want to conduct yourself online. Do you want to run a business with or without a face?
Direct Sales Distributorship
The internet based business model known as direct sales has a face. You will project your personality and physical presence through your web site and social media – youtube, facebook, twitter, etc. You will also attend live events to meet your customers and participate with the company. There are some direct sales opportunities that offer high ticket products with healthy profit margins. Investing in this type of business can cost from $2000 up to $25,000 before you set up your marketing plan.
Internet Based Service Business
The internet based business model that sells a service has a face. You will use the same tools as mentioned above. The service rendered is something you offer from your experience or education.
Affiliate Marketing Model
In contrast to the generalized portal which seeks to drive a high volume of traffic to one site the affiliate model provides purchase opportunities wherever people may be surfing. It does this by offering financial incentives (in the form of a percentage of revenue) to affiliated partner sites. The affiliates provide purchase-point click-through to the merchant. It is a pay-for-performance model — if an affiliate does not generate sales, it represents no cost to the merchant. The affiliate model is inherently well-suited to the web, which explains its popularity. Variations include, banner exchange, pay-per-click, and revenue sharing programs. This is relatively low cost to set up. First, you’ll have to get internet marketing training, then you’ll need:
- domain name
- web site hosting
- research & tracking software
You can find free training by joining forums and you can always purchase training from trusted internet marketing providers. You can learn more about Internet Marketing training from forums and people you might meet at IM seminars.
Subscription Model
Users are charged a periodic — daily, monthly or annual — fee to subscribe to a service. It is not uncommon for sites to combine free content with “premium” (i.e., subscriber- or member-only) content. Subscription fees are incurred irrespective of actual usage rates. Subscription and advertising models are frequently combined.
Content Services — provide text, audio, or video content to users who subscribe for a fee to gain access to the service.
Person-to-Person Networking Services — are conduits for the distribution of user-submitted information, such as individuals searching for former schoolmates.
Internet Community Model
The viability of the community model is based on user loyalty. Users have a high investment in both time and emotion. Revenue can be based on the sale of ancillary products and services or voluntary contributions; or revenue may be tied to contextual advertising and subscriptions for premium services. The Internet is inherently suited to community business models and today this is one of the more fertile areas of development, as seen in rise of social networking.
Brainstorming Ideas for an Internet Based Business
Begin with what you know or would like to know more about. What do you love? What would you do for free if money were not an obstacle. What area of expertise do you have now? What field of business are you currently working in and can you translate that knowledge into a product or service?
Internet Based Jobs
Freelancing: If you don’t have a budget or maybe you have a low budget you can generate income working from home. Freelancing gives you the ability to outsource your skills to companies all over the world. Internet based companies where you can find work free
- Elance.com
- Odesk.com
These companines receive requests from all over the world looking for service providers to fulfill temporary and some times long term needs. The requesting companies list the project they need assistance with and you as a provider will bid on that project just like a sub-contractor bids on building projects. Both Elance and Odesk are absolutely free to sign up. They give you a limited number of bids per month that are included with their free membership. If you would like to bid on more projects, you can buy more bids.
Internet Research Company
This is an idea for working from home that has very little start up costs and would be very simple to obtain jobs and projects for companies. The initial costs would include setting up your website, buying your domain name, getting hosting for your site. Then the majority of your time would be spent marketing your business to companies requesting research assistance. There are opportunities out there to do all kinds of research projects for companies that would rather outsource to another company than to pay someone a full time salary to do the work.
Virtual Assistant Business aka as VA
It’s definitely possible to work with people all over the world as a VA. A virtual assistant is an individual that assists someone in need at a distance. Most of the time the interview and the entire job is handled through email and over the phone. Some of the tasks a virtual assistant does:
- managing a calendar
scheduling meetings
answering e-mails
answering the phone using call forwarding
managing employees.
run errands
do research for projects
run excel tasks
type Word documents
post to directories
set ads
There are endless opportunities if you are creative. People also use the virtual assistant field to work their way into places they might never get an interview or job. It really can open doors for you to work in all kinds of industries.
Your Own Internet Based Business
If you are willing to plot out your plan, plant the seeds, water them, and watch them grow, then you can be successful with an internet based business today. There are legitimate internet based business models and opportunities out there for anyone who is willing to be dedicated and put in the effort. After the initial set up of your internet based business you will spend 90% of your time marketing and 10% working for the clients you attract. If you focus on helping others and being the servant leader you will find success.
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