Your Questions About Internet Business Models

Jere answers:

Actually he started with $10,000 and it was the early 90s, so it would be more than $15,000 today. He also got the money from his mother, who probably didn’t charge him 7% interest like a student loan will.

His business model was basically to take things that people were giving away for free (crappy shareware games) and convince people to pay money for them with fancy packaging. If you can find a way to do that, you can be just as successful. With the internet, it probably won’t work as well with software anymore. Though that’s similar to the business model of many companies that produce open-source software like Red Hat – you get the software for free (or nearly free) and then pay for support.

Jere answers:

Hi, I have talked and coached hundreds of people looking for a “home based business”. First thing – get clear on what your looking for (income, expectations, etc.). Second – there are no step by step instructions (the wine business is not wellness business) Third – there is no magic fairy dust – so don;t expect something for nothing. The more you put in the more your get in return. This is a business not a job. Thta being said look for 3 things for personal success – the Market (most important) do you like it – is it huge and growing so you can grow in it. The Supplier – who are they – what is there financial track record, etc. Deal with an inexperienced startup – you may get burned, deal with a market leader your chance for success may be greater. The Support System – what infrastructure comes with the deal – systems, coaching, marketing, etc. Finally be clear on the costs of engaging in the business – there are always costs and that is good — if someone tells you are going to get something for nothing be wary. A little bit of money – a lot of hard work and teaming with the right group can make you successful. Get some training packages – take a small risk and learn some business models that are out there. Nobody is going to reveal anything on the internet that’s worth while. Try mine if you want – www.createthefuture.biz or call (866) 735-0537 BUT always bear in mind those 3 decision parameters. Good Luck

Jere answers:

Here are 3 business models frequently used for online businesses.

1)The Ecommerce Model

Revenue is generated by selling goods or services over the Internet. Examples of goods and services include products such as ebooks or candles and service such as consulting or virtual assistance. Selling products from affiliate programs would also be considered ecommerce. This is not an exhaustive list but it should give you an idea of what ecommerce is.

2) Content-Rich Model

Revenue is generated by selling advertising on your site or in your ezine. Lots of quality content is provided to visitors/subscribers to attract them and to keep them returning to your site or subscribed to your ezine.

The more visitors/subscribers your site or ezine has the more you can charge for advertising. Generally, advertisers pay a certain dollar amount per thousand visitors/subscribers.

3) Membership/Subscription Model

Revenue is generated by charging subscribers for access to your site or certain parts of your site. This model can also be used with ezines. You can charge subscribers to receive your ezine or generate a premium version of your ezine and charge a fee.

These are the 3 basic business models online businesses currently use. Of course these 3 models are not the only models out there. There are others.

Many online businesses use a combination of models. For example, you can develop a content-rich site about gardening and sell advertising space on that site to advertisers who are trying to reach people who are interested in gardening (content- rich model).

You can charge visitors for access to a premium area of your gardening site where you provide more quality content that can’t be accessed without becoming a member (membership/subscription model). You can also sell gardening supplies and books from your site (ecommerce model).

Jere answers:

You should consider setting up your own online business instead of participating in those online work at home scheme whereby there is a lot of scam.

Find out from the link below. It captured various internet business models that other successful people are doing.

Http://www.income-internet-business.com/Internet-Business-Model.htm

Do drop me an email if you need any help.
Http://www.income-internet-business.com

Jere answers:

The first step to starting any business (online or not) is to think of a “business model”

A business model is simply a description of what you will do and how you will make money.

For example a business model can be as simple as: “i am going to start a lawn-mowing business where I earn money mowing lawns for people”

Or it can be as complicated as: “I am going to start a business where I develop a search engine which allows users on the internet to search for things they need (Google.com). I will make money from advertisers who place ads that appear in results using my search engine when search users click on their ads”

The key to both business models is that there is a way to make money doing something.

Once you decide what kind of thing your online business will do and how it will make money, then you can register a domain name. A domain name costs about $10 per year from many domain name providers such as godaddy. Your domain name is the address of your website. For example www.yahoo.com is a domain name.

Once you have registered a domain name you can start to develop your webpage. It can be helpful to learn about web design or to hire a web designer to help you create your website.

With your website up and running you can start to make money! Maybe your website will make money from subscribers, or advertisers, or people who buy your products. It all depends on your business model. Ask yourself, what will your business do and how will it make money? This is step 1.