It's a pretty big call I know.
Nonetheless, I believe one of the main reasons that people fail
to make decent money online is simply because they are not
strategic and focused enough.
The majority of people tend to float around from one opportunity
to the next, hoping and praying that this will bring them that
big payday the hype peddlers promised.
Is this you? Even to a small degree?
Don't feel too bad. I reckon all of us have done it at some
stage. I know I've been guilty of it.
It's so difficult not to feel like this when you're presented
with so many different opportunities every day.
Several years ago I identified this as a major problem in my own
life. I was too opportunistic and not focused enough.
I wanted to break free of it, so spent some time studying
the characteristics of people who were able to REALLY take things
to the next level.
I'm talking about making tens of millions a year.
Of course there were a lot of common characteristics like hard
work, intelligence, determination and attitude that were part
of their dramatic success.
However, the common characteristic that stood out the most was
how all of them worked within the confines of a strong
business model.
All of them had a clear structure that they could focus their
energies on to build their business day after day.
They were not jumping from one thing to the next to pick up
loose change. They were building a strong business (within the
framework of their business model).
A business model is really nothing more than a representation
of how a business intends to make money. In a way, the strategic
blueprint behind creating profits.
Some business models are incredibly complex, while others are
relatively simple. All should be deliberate and calculated to
maximize profits.
Here are some online business models you've probably come across.
1) Membership sites
2) Traffic brokering
3) Advertising
4) Physical products
5) Consulting
6) Software creation
7) Software as a service
8) Email marketing
9) Directories
10) Affiliate marketing
11) Ebay
12) Adsense arbitrage
13) Premium content
14) Digital products
15) Seminars
16) Coaching and mentoring
17) Lead generation
18) Social networking
19) Freelancing
20) Blogging
21) Website hosting
The list goes on ....
Within each of those broad categories, there are thousands of
intricate ways each specific business can operate.
In my opinion, if you want to be successful, you need to figure
out exactly what business you're in. In other words, what's your
business model.
Start asking yourself:
1) Do I even have a business model?
2) If so, how can it be improved?
3) Can I scale it easily? How?
4) Am I running lots of business models? If so, why?
5) Does this business model suit my strengths?
I suggest if this stuff isn't clear to you, you should take a
step back and really get to the bottom of it.
Spend some time fully researching the different business
models that are available and match them against your strengths
and capabilities.
Once you've figured out what business you want to be in, then go
after it with focus and determination.
Don't start a business on a whim.
Don't give it a month or two and throw your hands up in the air
and say it doesn't work.
That's like trying to grow a fruit tree and when it doesn't bear
fruit after the first season cutting it down to try and grow
another kind of fruit.
You need to have determination to ignore and switch off
competing and seemingly easier opportunities that we're
bombarded with everyday.
It's difficult, but it's worth it. If you've done your research
well, then have faith and execute your plan with bulldog
determination.
You can do it.
Over the following 3 weeks, I'm going to show you my 3
favorite business models for making money online.
I'll outline why I like them, what capital is required to get
them off the ground, what characteristics are required in a
person who is running this kind of business, what are the risks,
their ability to scale, as well as their strengths and
weaknesses.
Until then, have a think about what business model might be
right for you.
