Hatts

If you are like a lot of other newbie, you know what the most difficult part of the business is. Yes, you guessed it right; getting started. A lot of people find it difficult to get started simply because they keep jumping from one business model to another. They always want to be the first one to know about the next great business model or “secret technique” that will make them rich overnight. Unfortunately, there is no such thing as a quick rich technique. Fortunately, some business models are easier and quicker to implement and see results.
There are three basic business models that will stay for a long time. This is because these are the ones which make the industry go on. They are, therefore, excellent ways of building long term business. The top three business models are:

1-Selling advertising space in your virtual property
2- Product creation and Marketing
3- Affiliate Marketing

Let’s look at these in more detail.

1-Selling advertising space in your virtual property

Advertisers are always looking for more exposure of their advertisement so they are always willing to pay you to have their ads in your website or blog. The amount that they pay depends on the number of visitors that visit your website and also on how famous your website is. However, even a brand new website can start earning by selling ad spaces through advertising networks like Google Adsense. Google Adsense is a leader in the online Pay Per Click advertising industry. They simply give you a code that you place in your website. This code then displays the advertisements. You can adopt this business model in two ways. Either by creating a blog or website that gets updated very frequently, and consequently has a lot of visitors and repeat visitors. The other way is by creating a lot of niche specific website or blogs that has a lot of useful content, so visitors can get accurate information. Once you place the code, you get paid for every click that a visitor makes in the advertisement. If you get a lot of visitors, you can make thousands of dollars every month. The highest known earning using this business model is over $900,000 in one month. This business model is very popular with newcomers because it doesn’t require any selling.

2- Product creation and Marketing

This is by far the quickest and most rewarding business model. This business model involves creating your own digital product and marketing it. Although it is highly rewarding in terms of returns on time investment, it requires technical knowledge that might take some time to acquire. Product launches are the fastest way of making money. However, most people get it wrong. There is a common misconception that it is very difficult, that it takes a lot of effort and that only established people in the industry can make successful product launches.

Do you know that even a newbie can create and market successful products and make a lot of money within a short time? You just need to get started and follow a course step by step and you will be surprised how quickly you can launch a product.

There are two ways people bring their product out to the market. One is simply by listing and advertising their product in the internet, in article directories, ezines, forums, blogs and web2.0 properties. These people make a lot of money but they also leave a lot of money in the table. The other way of bringing out product in the market is by launching them. This is done with a lot of buzz and a countdown timer just like launching a rocket.

This is much more successful and profitable that the previous way.

There is a third way of launching a product. This has been done by a handful of marketers and the rest of the internet world knew nothing about it. Although it has been practiced by the top Fortune500 companies for decades, it is absolutely new to internet marketing. This technique involves launching your product with a lot of psychological ‘additions’ or complimentary products which make you thousand times more money than normal launches, and your customers think it is normal and in fact feel grateful for introducing them to the complimentary stuff. This is really powerful in multiplying your profits.

3- Affiliate Marketing

Affiliate marketing is a whole different story. Now you have to sell.

Affiliate marketing is done by promoting other peoples product and referring a sale to them. They give you a commission on the sale. There are many affiliate networks that manage and make a network between product owners and affiliates. Affiliate marketing is a great way to earn a full time income.

If you choose your product wisely and do proper marketing, there is a potential to earn hundreds of thousands of dollars. The most famous affiliate networks are Clickbank and Commission Junction.

Recently there has been a trend towards promoting CPA offers. CPA stands for Cost Per Action, and in this system you get a fixed amount for referring a sign up. It is easier then selling, and there is a huge potential in this business model.

Although Affiliate marketing and selling advertising space in your property can make you a lot of money, they make someone else more money than you: product owners and advertisers. In addition, they take quite an effort to establish. Therefore, my recommendation is the third business model, where you can see hundred times more rate of return.