Choosing The Right Business Model

In this How To Make Money Online in 2020 Choosing The Right Business Model Post I cover the following topics:

Overview:

  • Overview of the Various Business Models
  • Products (Physical & Digital) – Your Products, Someone Else’s Products
  • Services – Consulting, Coaching, Freelancing
  • Outsourcing
  • Affiliate Marketing / Programs
  • Not Sure?  What Business Model, Products, Services?

Watch The How To Make Money Online In 2020 – Choosing The Right Business Model Video Below

Various Business Models

  • E-Commerce – Amazon, Shopify, Dropshipping
  • Network Marketing, Multi Level Marketing, Direct Sales
  • Consulting, Coaching
  • Freelancing – Fiverr , Upwork
  • Content Marketing
  • Blogging, Video Marketing
  • Social Media Marketing
  • Franchising
  • Offline Business Marketing
  • Affiliate Marketing

Products

  • What Products Are You Going To Offer? 
  • Physical Products – More Overhead, Usually Less Profit Margins
  • Digital Products – Immediate Fulfillment, Usually Higher Profit Margins
  • Information Products?  Software Products?  SaaS Products?
  • Your Own Products or Someone Else’s Products?

Services

  • Consulting
  • Coaching
  • Freelancing
  • DFY (Done For You Services)

Outsourcing

  • Fiverr.com
  • Upwork.com
  • Onlinejobs.ph

Affiliate Marketing

  • Many Companies Offer Affiliate Programs
  • Selling Someone Else’s Proven Products – You Get A Commission
  • Companies – Wal Mart, Best Buy, Amazon, Many Others
  • Affiliate Marketplaces  Clickbank, JvZoo
  • Other Affiliate Programs – Web Hosting, Email Marketing, SaaS, etc.
  • Pros – You only concentrate on Marketing / Selling 
  • No order fulfillment, no payment processing, 
  • No providing customer support – all performed by the company
  • Commission Levels – various from 5% up to 100% 
  • Great Way for Beginners To Start

Not Sure Where To Start?

  • If You Are Still Not Sure, You Can Model After Me
  • My Biz Model – Affiliate Marketing – Tools & Training
  • Every Business Owner Needs Tools & Training No Matter What Niche
  • I Focus On Digital Products
  • I Only Recommend Products I Use And Trust
  • I’ve Gotten To Where I Am Today Because Of Self Learning / Training & Tools
  • The Wealth Niche With Digital Information Products – Multi Billion Dollar Market

6 thoughts on “Choosing The Right Business Model”

  1. You have such a knack for breaking things down in a way that makes it so easy to understand. You are an amazing teacher. And I LOVE that your posts offer a table of contents, too! So cool. Thanks for the value!

    Reply
  2. Choosing the right business model is critically important to building a successful online business. As you’ve shown in this blog post, there are many options to choose from. I like the fact that there’s so much diversity but I’ve decided to focus on Affiliate Marketing for now, similar to you. The idea of making lots of money with little overhead is very appealing lol B-) Great blog post!

    Reply
    • Hey Jacob, thanks for your comment! I appreciate you stopping by and that you’ve decided to focus on Affiliate Marketing. I really do believe that it is the best business model with the least amount of overhead.

      Reply

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