Internet Based Business Models – Part 1

I’m going to congratulate you again.

By reading this you are already displaying #1 most vital ingredient to enjoying success.. persistence. Keep it up!

This time I want to talk more about choices you have available to you as a person wanting to get started in your very own business.

There are so many ways to do it I couldn’t possibly cover them all here. But since my expertise is in using Internet to build a business, that’s what I’ll teach you.

We will just skim over different ways for now, but don’t worry because we’ll re-visit them later for a closer inspection.

Let’s have a look at different ways to do it:

Turn-Key Business – this type of business is great if you are a complete novice and just starting out. They are called ‘turn-key’ because everything is set up ready for you to start immediately, that is, you just turn key.

Usually, turn-key businesses are in network marketing industry. That’s a dirty word to some but an effective way to make massive dollars if you are prepared to do it. Some of my income comes from this type of business.

Affiliate Programs – a simple arrangement where you direct customers to a merchant and receive a commission on everything customer buys. It can be anything from tropical holidays to pen sets to downloadable ebooks.

The best way to start a photo mug business is to purchase a franchise or license. Though purchase price can be several thousands of dollars, it gives you all equipment you will need, as well as training, support and guidelines for advertising. If you are having trouble financing your photo mug business, consider creating a business plan. This plan will not only help you get financing, it will help you ensure you have all correct licenses, insurance and adhere to all local, state, and federal regulations for your business. This is extremely important because you don’t want to be penalized by a government agency or shut down because you do not comply with laws.

Complete photo mug business plan and budget. This will let you know whether you are purchasing a franchise, license, building your business from ground up, how much money you will need to get your venture started, and whether you are going to rent store space, a kiosk in local mall, or have a virtual store on internet. You will need to put a copy of all licenses and insurance in your business plan as well. Remember this document is living, and needs to be reviewed annually and changes made as necessary.

With your business plan ready, create a proposal explaining photo mug business venture. Show these documents to private investors, banks, and Small Business Administration. Do not get discouraged if no one wants to help, just reevaluate your proposal and business plan and try again. But chances are you will not need financing and if you do it should be for less then $10,000.