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A Simple Guide to Online Business Models
You may be looking to start a business on the internet but you are not quite sure how to make money
Eventually, you decide to survey what’s already out there and you find that while there are countless businesses on the internet, there are only three business models, common to them.
- E-commerce
- Advertising
- Subscription
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1. E-commerce
This means that customers buy directly from a website
This could work for you by creating seller profiles on established e-commerce websites -like Amazon, eBay or Aliexpress. Another approach may be to create a website for yourself and accept payments in exchange for your products or service. Websites for dropshipping also fall into this category.
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2. Advertising
This means you get as many visitors as possible, increasing the amount of customers your advertisers reach. This can be found in affiliate marketing, Email marketing among others.
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3. Subscription
This means users pay to access all or part of that content. This is popular among news sites -like the Wall Street Journal and The Financial Times. And creatives -with websites like Skillshare, Patreon.
One key thing to note is that a business can have two or all of these business models. But as an entrepreneur, it’s safe to stick with clarity and focus on one for a start, you can then expand later.
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IDEAS CURATED BY
Writer, artist, Accountant and a forever learner. Learning, loving, Hoping.
CURATOR'S NOTE
Starting an online difficult involves many decisions. how to get paid is one of them. These ideas help to simplify the major ways to go about this.
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