We're going to go over 4 different online business models that we know very well today.
The first one is services, then content sites, then eCommerce businesses and finally local lead generation.
Each of these business models has pros and cons, and you will want to listen in to see if you're on the right path.
You never know what sort of hurdles you'll run into in business, but listen to this episode to safe guard yourself on the most common challenges of each model.
PS. Are you looking to amp up your online empire? Check out our latest specials for affiliates, dropshippers and local lead gen. sites: https://www.humanproofdesigns.com/discounts/
4 business models
- Content sites
- eCommerce sites
- Local lead generation
Questions you need to ask yourself:
- Which biz model interests you the most?
- Do you enjoy working with “customers?”
- Front loading expenses vs front loading income
- How much do you have to invest?
- Time vs money
- More money is helpful in every business model
- How active do you want your business to be?
- Every business can become passive, but some require more overhead than others for that to happen.
Pros & Cons
- Cons: Harder to scale, need reliable people, lower profit margins
- Pros: Easiest to start, can charge high dollar amount
- Cons: Front-loading work, requires compounding
- Pros: great profit margins in the future, more passive, simple, audience building
- Cons: Capital investment can be high, PPC can be competitive, consumers are becoming smarter
- Pros: Easy to understand, margins increase with scale, opportunity to be unique – but not necessary to make income
Local lead Generation
- Cons: Sales skills are good to have, lower number of vendors to purchase your leads (becase it's local), harder to gain compounding efforts
- Pros: Helping local businesses, flexible strategies (PPC, SEO, sell site, start the business, rent, sell leads), multiple vendors
Which one is best for you?
- Building Online Empires Episode 84 – 4 Ways to Monetization Strategies Website – https://www.humanproofdesigns.com/podcast84/
- Human Proof Designs Services – https://www.humanproofdesigns.com/services/