How To Choose the Right Internet Marketing Model
I will presume here you are new to internet marketing. And you are wondering how to go about starting your own internet marketing venture.
First understand there are 4 common business models on the internet :
1. Affiliate Marketing
Touted as the easiest way to start an internet business. In affiliate marketing, you do not need to develop a product. You simply refer your customers to buy from the plethora of affiliate products out there. These are other internet marketing businesses (or what we call merchants) with ready and proven products.
You get paid a commission from the merchant for each successful sale converted. It may seem small money but successful affiliate marketers sell many different affiliate products at the same time which help them to achieve a decent income stream after a while.
To be successful in affiliate marketing, you need to identify winners to market. Do not sell inferior products for quick cash. You are doing yourself a disservice in the long run. The key is to build trust with your own customer base even though you may be selling other people's products.
2. Google Adsense
This is another popular way to jumpstart an internet marketing business and get some income rolling in. You simply put up very good information on your site or even a blog. Sign up for Google to have one of their advertising panel on the side of your page. You get paid whenever anyone of your readers clickthrough any of the ads.
A simple idea. Drawbacks are the income is usually not spectacular unless you have high traffic sites. It is usually used as a supplement rather than the only source of income for internet marketing venture. Another big problem with this model is that you are at the mercy of Google and should be banned by them for whatever reasons your business will be disrupted overnight.
3. Multi-level Marketing
The very pervasive nature of internet is a natural breeding ground for MLM programs we are all so familiar with. Health products, consumables, even educational products are all the rage now.
I do not claim to expert in MLM. All that I can say is that I have seen many MLM marketers fail over the years and the reasons are very apparent to me - product peddling with no focus on building long-term trust as everyone is getting into it for greed rather than product benefit. It is not a sustainable business model in my opinion and very often the early birds are the ones making all the money … and you guess it from all down below.
Having said that, there are many successful MLM marketers on the internet and they are still making big bucks with the immensely huge global internet market.
4. Information Product
This is probably the best business model to pursue for the long run as you are actually building a proper business not unlike in the offline world. Only difference is that you sell knowledge or information products which means there is no inventory costs.
Here you create your own information product in a particular niche say golf which you are passionate and have expert knowledge on. You could also outsource this to ghostwriters out there who would happily write an ebook for you for a small fee.
Conclusion
Whichever models you pick, to make money you will need to be able to generate traffic to your site. Learn all the techniques involved in traffic generation, pick the right model you are most comfortable with, and you will be on your way to internet marketing success.
Related Tags: internet marketing, affiliate programs, affiliate marketing, online marketing, build traffic, build list
Additional Resource
Download your Free 62-page eBook on internet marketing tips at http://www.internetmarketingwise.com Darren Goh is a successful internet marketer maverick based in Singapore and author of "Internet Marketing Wise - Expert Secrets Revealed".
© Copyright 2007 Darren Goh : You may re-publish this article online provided you keep the byline, additional resource and the active hyperlinks.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Marketing And Customer Relationship Management
Send your notice of rent in time, for free. His Craigslist ad rental unit will be available on the s - Google Fundamentals - Simple Ideas You Need To Know
Google has made easy the lives of many of us by making it possible to search on the internet. But, t - Rss Feed Marketing Strategy
There never seems to be an end to new marketing buzz words on the internet. You most likely have hea - Common Mistakes You Should Avoid While Twitter Marketing
A Twitter marketer makes his first mistake by bragging about his products and services. But let's fa - A Tactical Approach To Social Network Marketing
For many social network marketing involves joining any of the available online communities, making c - How To Turn Your Website Visitors Into Customers
Some websites only get a dose of the cost from the money they spent on building up the website. Visi - Content Rich Marketing Strategies For Attorneys
More then just a smartly designed website is essential in today's competitive online market. To succ - Should You Include Video Seo In Your Seo Techniques?
Orange County SEO experts always look forward to include newer SEO techniques in their process. This - Internet Network Marketing - Don't Give Up, You May Be Just 3 Feet From Gold!
One of the most common causes of failure in Network Marketing business is people quitting when they - As Recession Persists Small Businesses Record Success Making Money Online
As the third quarter of the year comes to an end by September, statistics from the 'New York Stock E
Most viewed articles in this category:
- Affiliate Marketing: Feel The Fear And Do It Anyway
It sounds funny to be talking about fear and affiliate marketing in the same sentence. You normall - John Reese Review: What makes Traffic Secrets, Auction Secrets, and the Reese Report a Success
John Reese is one of the most experienced people working on the net today, and has been getting atte - Internet Marketing - Selling To Tony
As usual, I was scanning a forum the other day, and the inevitable question arose: What is the best - MySpace Marketing: How To Distinguish Yourself From The Crowd
When I checked my MySpace Inbox yesterday, one of my "friends" had sent me a message asking "What do - How To Avoid Internet Marketing Misery
Every day you can read stories about people who have made a fortune online. Being an Internet entrep - All About Affiliate Marketing
Affiliate Marketing is a broad topic that primarily deals with you (the affiliate) selling - Make Money with Niche Health Content
The health industry is much bigger than the internet marketing industry. Billions are spent each an - Why Make Money Online
There are so many opportunities on how to make money online. You can start your own business, sell p - Establishing Your Identity on the Internet
If your business plan involves establishing a personal identity on the Internet, this requires some - Internet Marketing Consultants And How They Help You Market Your Business Online
An Internet marketing firm can offer the push that any business web site needs to be recognized by t