There are many types of business model on the Internet that you can work on. It’s just like offline businesses.
Let me give you a few parables between the offline world and the online world…
- In the offline world, we have Mega Book Shops like Barnes & Noble, and Borders, while in the online world, we have Amazon.
- In the offline world, we have Transcription and Translation businesses, while in the online world, the very same services is being sold. The only difference is that you don’t need to get out of your house, and you don’t need to meet your clients, thus the world’s your market. They are your virtual assistants.
- In the offline world, we have auction houses like Christies, while in the online world, we have eBay.
- Offline magazines have a physical magazine and advertisers who generate revenue for them. The same goes for an ezines and content websites where you have your own content, as well as making money from selling advertising spots, or referral sale. This is akin to the online publishing business.
- In the offline world, we have people who act as agents, recommending products and services to their contacts. In the online world, they are just known as affiliate marketers.
- In the offline world we have direct mail marketing, while we have the online direct response website on the Internet, which although is not exactly the same, operates on a similar concept. Here we have the direct response salesletter type of business.
I could go on and on with so many similarities, and the fact is, the foundation of business models doesn’t really change much in terms of the offline vs. online world. So don’t be overwhelmed by the tech side of it.
What you need to do is, understand the few basic principles of online marketing, and you could be on your way to starting a profitable Internet business. For people with little or no experience, for people with limited know how about the Internet business, it’s best to get started with something simple.
Here are the top 5 businesses which I would recommend:
Direct Response Website
Online Auction
Affiliate Marketing
Freelancing
Content Publishing
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