A Simple Guide to Online Business Models - Deepstash
A Simple Guide to Online Business Models

A Simple Guide to Online Business Models

Curated from: informationprime.wordpress.com

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A Simple Guide to Online Business Models

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.

  1. E-commerce
  2. Advertising
  3. Subscription

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1. E-commerce

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

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

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

royaltouchz

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.

James Oluwatobi's ideas are part of this journey:

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