4 Home Business Models to Look At
When you want to have a home internet-based business there are 4 main home business models to choose from. You may focus on one or all…
I'm going to be giving you a lot of ideas on how to get each of these going and how to improve them, too. Here they are:
Create your own products
Become a publisher!
Being your own publisher can bring you big profits…especially if it's a digital product where the costs are low, and the margins for profit are high.
And there are all kinds of add-ons you can do: up-sells, down-sells, affiliate programs, joint ventures, back-end offers…the list goes on and on. Anything you can think of- or others have thought of- that you can implement to max your earnings.
A potential drawback…it'll take time and effort on your part to build your own product. But I'm betting you didn't think making a good living online was going to be work-free…you'll need to think creatively, plan it out, design it so it looks good, and then market it.
I'll be giving you tips along the way to help…
Membership sites are one of the ways to have recurring income online. What happens is, you have people subscribe, for a fee they pay monthly, or annually, to be a member of your site and get your information. It's not a one-time product sale.
This one of the home business models has residual income.
What you do is come up with your idea for something people are willing to pay to keep access to…examples are weight watchers support sites, new recipe sites- wait, am I hungry here? You could have a site on exercise, or building a home business, or selling art webinars.
Besides the residual income of a membership site, they have equity value when you come to sell, or pass them down to family. More so than a non-member site.
PPC stands for Pay Per Click…have you heard of this home business model?
How PPC works is you pay for each click you get on an ad you run online. You don't usually pay to run them, only when you get a click.
Your ads only show up for people who are looking for something related to your product. That means you're reaching a very targeted audience…targeted readers is the mother lode on the internet!
PPC is probably not where you want to start…you want to develop and test your products and your other marketing. That way, you won't waste any of those dollars paying for targets to sell to. When your business is ready, you can learn the PPC ropes and this can be a great source of growing income for you.
List-Building is the 4th of the Home Business Models
Your customers are pure gold for you. Not only have they given you some income by buying in the first place, but…
when you give them value for their purchase, you've built trust – and they're very likely to buy from you again.
Trust can't be undervalued…it builds your reputation, and your sales.
List-building is something every business needs to have. It's a cornerstone to be added to any business model.
Bigger is always better…it's said that 25% of your list can be a buyer of any given product. The bigger your list, the more sales.
Do you have one yet?
It's not too early to get started, and not too late to keep it growing!
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