If you are confused about the many different online business models …
If you have a burning question about Internet Marketing …
Please ask them here.
I will personally do my best to reply to you.
I would like to help you make 2008 your best year online ever!
Sincerely,
Comments 5
You are so right. My first website got messed up and I got sidetracked. I will never forget the personal assistance you provided for me. You have high integrity and concern for others. Thanks for your concern and your comments about internet marketing.
Sincerely,
Posted 22 Jan 2008 at 10:14 am ¶Tommy Scott Young
You mentioned in your latest blog post “If everyone is telling the truth … then who is lying”, various “business models”.
One thin I’ve never been able to understand is what are the “various sustainable business models” used on the Internet and where to find out info about or on them.
Posted 22 Jan 2008 at 12:19 pm ¶Everyone, including yourself, seems to assume that everyone else that read those words “sustainable business models”, knows what is meant.
Could you please tell me what these “sustainable business models” are and how to find info on them. (By the way, I’m a newbie to Internet Marketing, and I’m sure there are others out there in the same bind.)
Regards,
Ian Bird
Hi Tommy,
You’re most welcome! And thanks for your kind words, appreciate it very much.
Make 2008 your best year ever!
Best wishes,
Posted 22 Jan 2008 at 2:58 pm ¶Adrian
Hi Ian,
That term – “sustainable business model” means different things to different people, depending on what niche they are in.
In a nutshell, it basically means an online business that generates more revenue that expenses. A system if you will, one that is profitable.
Let me give you a few examples to make it clearer.
A good friend of mine in the IM niche makes his fortune by promoting quality IM related products to his list.
Each time he sent out a mailing, he earns a few thousands in commissions. Of course, he gets a number of un-subscribes as well.
For him, the term ‘sustainable business model’ means having a system in place that continues to build his IM list so that he never runs out of subscribers to promote stuff to.
Another friend of mine has mastered the art of creating turn-key websites and selling them for a tidy profit. He is able to create 2-3 websites per week, and sells them for $100 – $300 per site per week.
His investment is basically his time. Sometimes, he outsource the job from the profits he made from his previous sales.
Then, there are those in the Adsense niche – they have built a network of sites that generates $10-$50 or more per site per month. If they have 100 sites, it’s not difficult to imagine them earning $5000 or more per month from adsense. Their ‘sustainable’ business model involve a system to generate consistent traffic to their sites.
My mentor, Harvey Segal is a master of Viral Marketing. His business model involves giving away quality ebooks that spreads virally.
Ok, let’s look at a couple of generic criteria that applies to ALL niches.
* Is it a profitable niche? i.e. does it have buyers? are the folks passionate about the topic/niche?
Just off my head, the sudoku game is really hot – over 61 million pages/sites. But are those buyers? I entered the term in google, only 1 advertiser. Doesn’t look too promising to me.
How do you look if a niche is profitble? Here’s a quick way – head over to ClickBank and see what’s hot.
Then, do a keyword search in Google to see if there are many advertisers. If yes, then you’ll know it is a profitable niche.
* Will there be repeat purchases? Or could you sell them other related stuff?
For example, promoting a
membership site or even web-hosting that pays a residual commission on a monthly basis is ideal.
You do the work once, and get paid for a long time.
A very good example is web-hosting – switching host is a pain, and most people won’t do it unless the web-host really sucks. I promoted 3rdsphere back in 2004 and I’m still getting the commissions today.
Have I answered your question?
If there are more specific questions, feel free to ask.
Best wishes,
Posted 22 Jan 2008 at 3:34 pm ¶Adrian
Hi Adrian,
Yes you’ve answered my question, and then some!
I begin to see what is now meant by those words, and will look around at various sites to find one that I could use.
Your mention of membership sites is one that has triggered quite an interest in me!
Once again, thanks for taking the time to answer.
Regards,
Ian Bird
Posted 23 Jan 2008 at 12:53 pm ¶Post a Comment