Ways That You Can Make Money From Your Online Business ModelWritten by Evelyn
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Similar advantages also exist for producing a software product. The difference between producing an e-book and a downloadable software product is that you can charge more for lattar due its higher perceived value and thus earn a higher profit. 6. E-Membership Model In this business model, you create a high quality, content-rich site and charge your members a subscription every month in order to use your site’s resources. This is a good business model to follow as it helps you earn a recurring income. However, you must be able to continually update its content; otherwise, your members have no incentive to stay. 7. E-Professional Services Model Here, you offer your skills to people who are looking for solutions to their problems via internet. For instance, if you are a graphic designer, you can offer to design other people’s websites for a fee. If you intend to freelance, you can always advertise your expertise at http://www.elance.com. 8. E-Zine Model In this model, you are publishing a content rich newsletter for your subscribers in a particular interest group. You either earn revenue from promoting on related products advertised in your newsletter or charging your members a subscription fee. The models mentioned above depict main ways that you can earn money. However, they are not only ones available. It is good to spend some time analyzing on how you would like to make an online living. Happy hunting!
Evelyn Lim is an online business entrepreneur. She publishes a free weekly newsletter "Mapping You to Success" for aspiring e-biz owners. The aim of her publication is to equip readers with the skills to acquire multiple sources of online income. To subscribe, please visit http://www.e-BizMap.com .
| | Out of Sight But Not Out of MindWritten by Heidi Richards, MS
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What is your budget? Can you afford a four color or two/three color printed piece, or do you go for simple black and white? Simple can be better; as long as it is a professionally presented newsletter your readers will respond to. How long will it be? When you first start producing, focus on a one to four page newsletter to produce. Who gets it? You can send your message to a small or large group. You get to decide who gets it. This form of direct communication filled with information reader can use creates a bond that is difficult to achieve through other forms of mass marketing. If you don't enjoy writing, you could interview others for ideas, or invite others in your industry (those not in direct competition) to write guest articles. You could also purchase industry specific newsletters with your message and promotional info on them. Nearly every major industry has this service. Check with your associations for a referral. Remember that your newsletter is an extension of you and your company. The image it conveys is image your readers will remember. Be consistent. If you publish and send monthly, then publish and send monthly. You can purchase your own software to manage your list(s) to send out your ezines. Click link below to see program that we use. (We love it!) You can visit http://www.sellshareware.com/CustomView.asp?PrID=34362.&AfID=7838&PageID=1 Maybe it's time to increase your visibility with newsletters. Write-on! Excerpted from The PMS Principles - Powerful Marketing Strategies to Grow Your Business © 2005 - Heidi Richards
Heidi Richards is the author of The PMS Principles, Powerful Marketing Strategies to Grow Your Business and 7 other books. She is also the Founder & CEO of the Women’s ECommerce Association, International www.WECAI.org (pronounced wee-kī) – an Internet organization that “Helps Women Do Business on the WEB.” Basic Membership is FREE. Ms. Richards can be reached at Heidi@speakingwithspirit.com or heidi@wecai.org.
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