Are some business models better than others?Filed Under: General Topics
It seems like lots of people look for additional income at one time or another.
Starting an internet business is very popular because some of us have been trained to think it’s easy.
Getting a real business started online may be a little different but like anything else, if it’s too easy or too cheap, how good can it really be in the long run?
The fact is you must focus on the end user. If the purchaser of any given product isn’t satisfied it will be very difficult to continue to build any kind of momentum for any product or service.
One the other hand, if we can really deliver valid and useful solutions to people who need them, we could end up being rock stars where making money is concerned.
One of the best ways I found to make reasonably good money on a consistent basis (this is huge) whether your business is online or ofline was with a particularly cool business model.
This model is based on getting subscribers to commit to recieving a source of information or services that we as business owners provide to them on a continual basis.
Think about it like this, someone sells an ebook on a certain subject “How to set up a butterfly garden” to a buyer that provides a limited amount of information to the end user. The purchaser is pretty happy because they only spent 27 dollars. But what if the were really serious?
Could they be tempted to subscribe to an additional service that brought them updated info an a month to month basis for 15 dollars a month, or maybe for a series of say 4 weeks of lessons for 49 dollars that gave a wealth of additional useful information to the butterfly gardening fan ?
As you can hopefully see from this brief illustration, There are many possibilities.
This concept is called “membership” and it can be a really great source of income for the business owner and learning for the subscriber.
It’s a true win win arrangement and it can be pretty simple and inexpensive to set up.
I liked it so much I went out and interviewed one peron first and then 5 others to fill in the blanks.
Take a look and hear about what I found out at http://www.whymembershipsitesrock.com
I’m very busy lately showing local businesses how to set up their own websites but memberships or continuity programs are becoming popular addons due to their profit increasing potential.
Look into it and I bet you’ll be as excited as I was !
Take care, Rick Falls
Tags: improve profits, make money online, recurring income, work at home
- Permalink
- admin
- 22 Nov 2008 7:47 PM
- Comments (0)