This is the 3rd post in a series. If you haven't already read them. please check out the previous entries.
Making Money Online - How To Begin
Making Money Online - Priorities
OK, We've had plenty of time now to consider the last article and decide if we really want to be serious about building an online business.
So, What do you think?
Can you set aside a few hours a week to devote to your success?
If not, that's cool. Hang around anyway. Maybe you'll get inspired and change your mind.
If you answered, Yes! (and were serious), Congratulations! You've crossed the first hurdle and are on your way. There are more obstacles ahead but making the mental commitment is crucial. Way to go!
Now What?
First we need to decide how to go about creating an income. There are four primary categories of profit streams online. Let's look at them briefly.
Information
This category entails all forms of information transfer, from blogs or websites, to ebooks and videos.
Physical Products
These would be any physical products you might create or purchase and sell online from crafts to cars.
Service
The service category covers everything from virtual assistants, web designers or SEOs to software products and WordPress plugins.
Advertising
Advertising is the symbiot of the four categories because it simply cannot survive on its own. It must be closely attached to at least one of the others for it to work.
Conversely, Information, Service and Physical Products all require Advertising to allow them to gain exposure and be successful, even if it's only word of mouth.
While it's entirely possible, even probable, for an income stream to cross over and fall under two or more of these divisions, everything will fall somewhere under the umbrella of these four.
Next we'll break down each of these categories and discuss how to make money with them.
No two individuals are alike. Neither are any two Internet marketers. Understanding the possible avenues of profit available online is important to deciding how best to approach building your business with methods that work for you.
to be continued...
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14 comments:
I like where you're going with this...just wish it wasn't so long between posts :P
I like the last part about getting your feed :D
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