Starting an Online Business – Business Models

There are as many ways to make a living online as Carter (no relation) has liver pills. So what’s the best model for you? Well, that all depends on your skills, interests, budget and a number of other factors. In this last installment of this series, I’m going to cover a few business models that you might want to consider. All of these can be extremely profitable if you’re willing to put in the time.

One of the easiest business models is freelancing. Essentially, this is where you take a skill that you have and offer it to others as a service. Some examples of freelancing include copywriting, article writing, ghost writing, software creation and web design. These are all things that are in great demand, especially among marketers who are also looking to earn a living online. I guess you could call it a B2B type service. If you have a skill that’s marketable, you might want to consider freelancing.

Another business model is selling physical items. Probably the number one marketplace on the Internet is Ebay. If you haven’t heard of this site, essentially, marketers come here to sell their physical goods. Goods sold range from everything from Apple Ipods to Barbie Dolls. Many of the big Ebay marketers, called power sellers, buy items wholesale, in bulk, and then sell them individually for a pretty good profit. You can do very well as a physical goods seller.

One of the best business models is digital goods sales. These come in the form of PDFs, MP3s and videos. The advantage of digital goods is that no physical delivery is needed. The customer can download the product immediately upon purchase. This may also be one of the most popular business models on the Internet today because there is virtually no overhead. Many marketers make six or even seven figure incomes selling digital products with their only expense being in advertising.

Naturally, the model that you choose will be the one that you feel most comfortable with. In my signature you’ll find a resource that I have no doubt will help you greatly in figuring all this out. Once you have it narrowed down to what you want to do, the rest is simply a matter of putting a plan into action.

Making a living online isn’t hard. All you need is a plan and the drive to see it through. The rest, in time, will come.

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