There are all sorts of different online business programs, plans, ideas and concepts out there on the internet. Is one better than the other? It’s impossible to say that one works better than another because it all depends on the type of person you are. The type of online business that your next door neighbour runs might be highly profitable for them, but a real challenge for you.To help you decide on the best online business to suit you, here are the 3 popular online business models. They all work, but which one do you like best?1. You’ve No Products To Sell But You Want To Start Your Own Online BusinessIf you’ve woken up to the fact that the online business world is the biggest marketplace ever and people are buying and selling online all the time, but you’ve got nothing to sell, what can you do?Simple. You sell products or services that have been created by other businesses. This is called affiliate marketing. Think of it being like a commission paid sales person. You promote and sell products or services online and when you make a sale, the product owner pays you a commission.It’s a great way to start an online business because there are affiliate products available to sell in just about every industry you can imagine. You don’t have to pre-buy and hold any stock and the product owner sorts out the payment systems and product delivery.2. What If You’ve Got A Product (Or Product Idea) And You Want To Sell It Online?You don’t have to sell other people’s products if you’ve got your own. Plus, you get to keep all the profits. The best products to sell online are digital products. These can be in the format of an eBook, a report, a video course or an audio series. A digital products is something that a customer can download it instantly when they buy it from you. If you have an interest or special knowledge about a subject matter you can easily create a digital product and sell it online.Although there is a lot of free information on the internet, selling information in the form of courses, insider tips or tutorials is big business on the internet. The great thing about creating a digital product is that you only have to create it once and you can sell it time and time again.3. Have You’ve Got Skills That People Will Pay For?If you have a particular skill set you can sell those skills online. This could include business education, writing copy for websites, graphic design, website development and even being a virtual secretary. Websites like Elance and UpWork have a thousands of customers who are looking for people that can provide skills in return for payment. Are you one of those skilled people?
When it comes to an online business, a website is a must. This can spell the difference between success and failure online. And a functional and helpful website tends to separate the top online business from the fledgling one. The website serves like a store or an office. This is where most of the transactions to sell and promote products and services are made. The site also serves as the ‘face’ of the business online.There are different types of websites available that can serve the needs of a successful online business. But before you set up your own site for your own online business, make sure that you learn first the different options available. Once you have selected the site that’s best fit for your business, you will be faced with easier steps since there are different tutorials on how to keep up a site. And it comes cheap at less than $300 to start a basic website.Different types of websites to consider, based on structure and functionalityAn informational website is one option available for your business. This is the most basic option for your own online business. This is a straight-forward site that will help your customers and readers learn more about the offered products and services. Think of this site as your online ‘brochure’ and can have limited roles online.For a wider reach online, go for the interactive website for your own online business. This kind of site will give a platform for you and the potential customers to interact and share information. This is an informational site and more. The site will not only list the products and services available and their descriptions. The site is structured in such a way that resources and information are presented that can encourage the customers and readers to sample the products and services. There will be blogs, articles and newsletters that will be posted here as well that the customers can read to get a better feel and understanding of the services and products.There is also an element of customer participation through feedback and comments. For this reason, most of the interactive websites will include an ‘About Us’ and ‘Contact Us’ page where the contact details including e-mails of the business will be posted. Here, site visitors and customers can make inquiries, post complaints and get clarification about the offerings of the business. Depending on the design of the site, you can also find different tools on an interactive site. For example, the leading interactive sites will include a ‘Chat’ feature, a currency converter, price comparisons and an online calculator.A version of an interactive site used by a top online business is the ‘attractor’. The site is designed and structured to solely attract and interact with customers and readers. These are traditionally stuffed with promotional activities for the business like games, surveys and online contests that are designed to improve business awareness online.There is also the transactional website that can be used by a successful online business to sell products and services. This is aimed to sell and should include a shopping cart and an online inventory where the customer can easily find and buy the products. Advanced transactional websites will also include different payment features that can allow customers to pay not just through credit card but through other means too like PayPal.The last type of site to use is the collaborative website. This is used by a number of businesses working together to concentrate their efforts in attracting potential customers.It is important that one should understand the nature of the business to come up with the right type of website for the business’ needs. Each type of business works with a different type of website so it’s best to learn a few things about the different types of websites available. Once a choice has been selected, then that’s the best time to start working on a site. It takes only a few steps on how to set it up and you can even get the services of the pros. Setting up a site for your own online business comes at a cost, but it’s an investment that is highly recommended.http://www.DanyCooper.com