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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 .