Money-Making,Models,You,Can,Fo DIY Money-Making Models You Can Focus On For Your Business

When starting a new work at home business it is very easy to become consumed by it. We spend so much time trying to get the business up and running that we may end up becoming burned out and lose our motivation. There is so much to learn and Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-parent:"";mso-padding-alt:0in

Model #1: Affiliate MarketingAffiliate marketing is still, in my opinion, the number one way for aspiring Internet entrepreneurs to get started.Why? Because.    1.   There's no inventory expense    2.   No hassles with payment processors    3.   No extra time spent on processing refunds or returns    4.   You still get to practice all the essential marketing skills that will bring success in any other business you pursueThink of it this way: if you've ever seen a product that made you say, “Wow, I know I could make sales if that were mine!”, then affiliate marketing is just the thing for you. For all intents and purposes, any product you promote as an affiliate is your product. You take 'ownership' by promoting that product as whole-heartedly as you would if you were the merchant, or copyright holder, or whatever.The beauty of it is that you reap a significant share of the profit on each sale, with less than half of the hassle.Model #2: Auction Businesses Like eBayeBay has been a huge money-maker over the years for a lot of people. One of the best things about eBay (and an auction business, in general) is that people who would normally shy away from starting any other internet business (believing it to be too complex), are able to make serious incomes from home without a website or a list. Not only that, but eBay is self-generating when it comes to traffic. You don't need a huge ad budget for people to find your auctions. If you want to go into business on eBay, you've got several approaches to choose from. Some are more difficult than others. Let's take a look at what these methods are.Auctioning Physical Goods:Physical products are what most people think of first. You can sell just about anything on eBay, from major electronics, to cars, to that rusty old wagon that's been sitting in your garage for 10 years. Now, the obstacle that you face here is finding products to sell, and finding them at a low enough cost for you to make a profit selling them.What are some of the ways you can acquire products to sell?    1. Wholesale - You'll need a business license (usually a state-tax resale license) most of the time to buy products from wholesalers. In many cases, you'll also need a good chunk of cash to spend because wholesalers often have a minimum you must order to get the best prices.    2. Dropshipping – You may or may not need a license with wholesale drop-shippers. It depends on who you're working with. The 'trick' with dropshipping is that you never touch the physical product, nor do you have to buy it before selling it. Instead, you auction off the product beginning at the base price quoted to you by the wholesale dropshipper. Once you've made the sale, you then pay the dropshipper and have it the product shipped directly to the customer.Model #3: Private Label And Resale RightsDo you like the idea of owning your own product, but still don't want to go through the hassle of coming up with products ideas and doing all the creative work? Private label rights/resale rights might be for you. First, let's define our terms.Private Label Rights:These give you the ability to take a pre-existing product, and put your name and branding on it. In other words, you get to 'label' and promote the product as if it were your own. Note, this is not affiliate marketing. You'll actually be the one delivering the product, and processing payment transactions (you can set up your own affiliate program to promote it).There are lots of products which can be private labeled.The most common private label rights products are usually e-books or software, but there are also opportunities to private label services, such as autoresponders, and physical goods, like vitamins or candy bars, etc.Resale Rights:These grant you the right to sell a product as if it were your own, but without the benefit of putting your name on it. You aren't allowed to alter the product in any way. If you want something you can alter, edit and improve upon, then look for either private label rights or master resale rights.Now that you understand the terms, let's talk about how you set up shop.First, you'll want to choose a niche market to focus on. Your choices might be constrained somewhat based on where you're acquiring your rights from.Most of the information product rights opportunities center around popular subjects like cooking, relationships, health and finance.Rather than acquiring rights one product a time, people generally sign up with membership sites which offer a variety of resale and private label products on a monthly basis.Model #4: E-Classes And TeleseminarsIf you have some special skill or knowledge to share with others, then teaching people via E- Classes or Teleseminars could be a great business for you. You might wonder: “Why should I sell my knowledge in one those formats instead of, say, writing it all down into an ebook?” There are several reasons. First, these alternative formats allow for much greater speed in terms of how long it takes to get your product to the market. This is especially true with teleseminars. For example, let's say you have a knack for speaking 'off the cuff'. You could sit down for just an hour two to create basic teleseminar outline, then improvise off of that. Your product creates itself the moment you begin the call. You can even sell an audio recording or transcript of the call after the fact for extra profit.Also, teleseminars are easy to set up. There are many services which will host your teleseminar for free (see resources below). All you have to do is market the call effectively so you can get an audience to sign up for it. E-Classes are also quite simple to set up. You can create your content in advance, or just create on course module at a time as you go along through the course schedule. The E-Class information can be delivered via autoresponder, or even on your website.Model #5: Freelancing MoneyHere's a very powerful idea: What if YOU are the product? Again, we're working on the premise that you have some specialized knowledge or skill you can monetize. then you should consider going into business for yourself as a 'freelancer'. Outsourcing your own skills means that you can set the price on your time. Maybe your regular job is paying you $15/hr when you know you deserve and can pull down closer to $25-$30 per hour? If so, it’s definitely time to consider outsourcing your skills. Why the market is hot, and you are in demand: If you've read through your fair share of Internet marketing books, you've likely seen myself and other marketers recommend outsourcing to you as a way of getting your products created, and generally speeding up your business development time line.There are hundreds of thousands of businesses looking to outsource the jobs they can't or don't want to do. There are marketers just like you and I who look for others to take care of things like graphics, or web scripts or handling customer support. So, imagine turning the tables, and becoming that 'go to' guy who provides these services?Model #6: Paid Survey ProfitsOk, I know many of you might think paid surveys are 'scammish', and the truth is that there are a LOT of survey sites that are scams. It’s unfortunate because it gives the industry a bad name, and also causes people to shy away from even looking into legitimate paid survey sites. The good is that there are, in fact, legitimate paid survey sites. These sites do pay you, pay on time and offer a variety of different survey opportunities.For example, in addition to paying you for filling out surveys online, you can also take surveys by phone, participate in focus groups online or offline, receive free products in exchange for your review, etc. Now, the payouts aren't always going to be high. It could be anywhere from $8 for 10 minutes of your time, to $150 or more your time. The key to profiting from paid surveys is to be very selective about which surveys you participate in.