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Internet Marketing Business Models
In this chapter, we?re going to cover some internet marketing business models. If you are interested in internet marketing, then you definitely need to know what business models are out there and how to choose the best one for you.
There are many different business models that we will cover in this chapter, and you can make money from every single one of them if you want.
But first you have to choose the right one and that not only will take some thought, it also takes a great deal of information. That?s exactly what this chapter is going to give you.
Introduction to Internet Marketing
Before we get into the business models, let?s talk about internet marketing in general. Loosely defined, internet marketing is any type of business that you do on the internet to make money.
We?re going to go over some the specific methods to do so shortly. Internet marketing got started in earnest when people realized that they could influence where their website landed in the search results.
Since then, the market has exploded to the point where it seems like everyone is doing internet marketing.
Internet marketing is a wonderful business to get in for several reasons.
First, you have unlimited income potential. Internet marketing has made quite a few millionaires and there are tons and tons of people making six figures with an internet marketing enterprise.
In addition, internet marketing can be a residual, passive form of income.
That means that you can be doing something else – even having a full-time job – and still be making money with your internet marketing efforts.
Defining the Business Model
Internet marketing is composed of various business models. A business model is simply a method of making money on the internet. There are some standards that have proven very effective for internet marketers, such as Amazon, and others that are less used but still lucrative.
People are also creating more opportunities daily to make money on the internet.
Types of Business Models
Let?s go over ten of the most popular ways that you can make money on the internet, so that you can see each one in detail and understand how they work. Then we?ll give you some advice on how to choose the right one for you. But you must understand the model before you can determine if you want to get into that business.
Affiliate Marketing
Affiliate marketing is the first internet marketing business model we?ll be discussing. Have you heard of the website Clickbank? Clickbank is a well-known place where affiliates can find products to promote. Clickbank is by no means the only website that offers this service, but they are probably the biggest and most well known. When you do affiliate marketing:
you get the customer to visit your site
you use your sales page to convince them to buy then you send them to the seller?s website with your affiliate ID attached.
This means that when they buy the product, you get a commission.
The exact amount of the commission varies with each product, but it can be a substantial amount of money.
Amazon Affiliate
The next model that we?re going to discuss is the Amazon affiliate program. The reason that the Amazon program isn?t lumped in with the other affiliate marketing programs listed above is simple: it?s so good that it deserves its own section. Amazon has everything that you could possibly want listed on their website.
It doesn?t matter what product you are looking for, Amazon almost certainly has it. The great thing is: if you send someone to Amazon to buy a product that they were looking for anyway, Amazon pays you a commission.
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