Why is it so challenging to turn your desire to make money online into an action plan where you can see the results building over time?
A big part of the struggle to earn money online has been, and continues to be the idea that you can tap into fast money streams that already exsit online and drink from this well without priming the pump.
The reality is that there are different business models for earning money online, and until you learn these business models, you can go crazy bouncing around from program to program, technique to technique and website to website.
HOW TO MAKE MONEY ON THE INTERNET?
Here are some of the business models…
1. Information Portal – where you publish a mountain of targeted, high quality information where you monetize your traffic through advertising. The goal is to target a large niche across many different interest areas in line with advertising trends online. In other words, to really excel at this business, you need to understand the advertising industry – whether it is pay-per-click, pay-per-impression, pay-per-lead, banner or space advertising, etc…You then match published information with advertising revenue and continue to grow your information portal.
2. Affiliate marketing – this business model has similarities to the information portal model with the exception that you must understand what products and services people are buying and line up your information and content with those product offerings. Your goal is not to align your content with advertisers, but instead align them with high-profit affiliate programs.
3. Ecommerce stores – closely linked with offline brick-and-mortar businesses, the objective here is to set up your own online store that offers a range or catalog of highly relevant products to offer your customers. These are typically physical goods products and often depend on either an affiliate model or understanding aspects of wholesaling, drop-shipping and other behind-the-scenes business arrangements allowing you to earn commissions on products you sell to your audience. A good deal of making money in this model is matching critical skills in internet marketing with business contract and distribution agreements.
4. Information publishing – this one appeals to people who either have existing knowledge to share with their audience or who understand the massive opportunity afforded to those that organize information into packages that directly lead to desired outcomes for their prospects. Packaging information into ebooks, books, courses, home study programs, seminars, membership sites and the like is one of the fastest growth opportunities and best ways to make money online. This is the focus of our latest 45-Day Information Product Profits Video Series and Support Site.
Of course there are variations on each of these business models as well, but the critical point to understand is that each model requires a different approach to every step of operationalizing your online business from picking your niche market and business idea through product selection and development and into internet marketing.
No wonder so many people are confused when it comes to understanding how ot make money online – turns out they mistake the fast money promise of internet marketing with an online business model when the exact opposite is true – focus on the business model then use internet marketing to get your internet business growing fast.
