To get most from informational era you should have deal with digital products. Information stored on data medium is major representative of that kind of products. Let me specify some of beneficial features information possesses as an intangible substance:
* No direct maintenance expanses. * No overhead expanses on additional producing, copying and distribution. * Truly unlimited supply. * Relatively easy and quick ways of delivering.
Don't you think that these features are forming God Blessed Business? There are lots of opportunities of dealing with tangible products using power of Internet through wholesale distributors and drop-shippers, but perspective of dealing with not only customers but suppliers and of dealing with not only payment chargebacks, but a tangible product chargebacks as well, makes this opportunity not so appealing to online business newcomer. Besides profit margin and therefore your income on any info product is always higher.
BUSINESS MODELS ONLINE.
So conclusion of starting new informational online business is obvious. Let us quite briefly examine most popular opportunities here. Among them are:
1. MLM. 2. Affiliate programs. 3. Private eBusiness.
1. MLM «opportunity».
The word «opportunity» in headline of that section was taken from quotes because MLM is more likely to be opportunity for its owner rather then participants. But let us look into it step-by-step.
One of alluring prospects for any online newcomer is target of «being-your-own-boss». Internet is a virtual economy, with virtual employers, employees, virtual corporations, partnerships, and private businesses. MLM has its own organization structure with respective bosses, administration, clerks and so on. The shocking fact about it is that people are eager to change their 8-hour off-line job to 12-hour on-line job for same but virtual boss, usually to be paid much less! But wait, that's not end of story. MLM members, as we know, actually pay their «bosses» for «right» to work for them. Do you imagine paying your «off-line» boss $20-70 monthly only for right to come to your office and work for him? Why not? If you and your colleagues pay that money, your boss will be twice more kind with you than any up-line MLM team leader. Try :0) A very good question to ask in any business endeavor is: What am I paying for?
Efforts to take, money to spend:
1. You are not supposed to run and support a personal web-site (page) promoting MLM, but these chances of success, in that case, are greatly decreased. 2. Recruiting people is crucial and it forms main business task you should fulfill. In other words you have to sell «virtual MLM success», what is much more harder than selling any real services or products that have their perceived value. Product sales are subsidiary in any MLM. 3. Usually, your right to earn in MLM will include entry and/or monthly fees. Plus buying their products is also, quite often, a must for working and earning in any MLM. Your earnings are divided between you and your up-line. The more greedy mouth you have above, less will rest for yourself :0). 4. MLM participant is more likely to be an MLM employee, who should keep on referring people to see any residual income at least in 3 months, more often, a year. If participant enters and starts working on a second MLM «opportunity» his or her work in first MLM won't have any progress.
2. AFFILIATE PROGRAM opportunity.
Affiliate programs are entry level of cooperation in business. The highest (and most profitable) level of partnership between businesses is join ventures. Next step is only to business acquisition or merger. Business cooperation takes its roots from times of primitive communal society, when a hunter made a bargain with a fisherman to provide him with a part of his pray for share of fisherman's catch.
Now it is a worldwide practice to attract third party sellers for share of generated profit in order to extend sales volume focusing on new products development or clients servicing.
The affiliate seller in that «game» is also in funds. By selling other people’s product affiliate earns a commission without hassle on producing, managing and servicing anything.
Some features which were considered to be benefits of MLM business like commissions on sales made by referred members of third level have been implemented in some affiliate programs, creating so-called two- or three-tier programs, but in contrast with MLM business partner isn’ t obliged to pay membership or any other fees.