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Internet Business Model

Written by: David Beairsto

Article Overview: Compared to the traditional business model, the internet business model is in many ways more powerful and absolutely more accessible to anyone. Entrepreneurs from all walks of life are successfully implementing this business model.

Internet Business Model

When we're looking at a business model that is primarily or completely designed for the internet, it is no longer necessary to focus on one demographic. Senior entrepreneurs keep popping up all over, making vast amounts of money with the internet business model. Not to put seniors down because they tend to be very wise, but most people have the impression that the internet intimidates them somehow. I'm convinced that if it wasn't for the problems people have with computers, absolutely no one would have issues with the internet. By taking the edge off the learning curve related to software and hardware, ordinary people with no background whatsoever in business of any kind, are finding success with business online.

So what are some of the things we look for in a business designed for the internet?

1. Step by step setup, and operation

2. Immediate in depth support

3. Income potential

Starting from the last point first, if the business isn't profitable for someone else, it probably won't be profitable for you. Knowing the income potential for short and long range activity often decides whether further investigation is necessary. Certain businesses simply won't appeal to everyone regardless of what income they produce, but every business should be profitable, and we should understand up front how long it will take to start earning money.

The FTC is actually getting involved because of the countless scams and frauds taking place online promising income x by day y. Although the internet business model is much more powerful than the old school model, no one can guarantee success to anyone else in business. As entrepreneurs we're solely responsible for our own success, regardless of what anyone else has done with the same internet business model.

I Don't Know Anything About Anything

Continuing backward in our list, and setting our sites on a particular company to invest in, we should be confident of their capacity to support our efforts, right out of the gate. If we have any doubts up front, we should always look again, or investigate further. However, a company that presents itself openly and honestly is immediately evident. We should see the stated purpose of their intent and know right away if they are a match for what we want. If they are based on system of support they'll be announcing it right away.

Offering support on a continuing basis always involves cost, so we measure the cost against the service we're being promised. Here we also discover the testimonies of people who've capitalized on their support system and the opinions they share.

These testimonies may also cross over into our first point, which answers the question about how difficult it was to get started. Getting started for most of us is of greater concern than ongoing operation, because we expect the process of setting up our online business will teach us about the operation.

We Either Have A Lot Of Time And Little Money Or Little Time And Plenty Of Money

Another offer, and sometimes costing more money, is what we call a turnkey opportunity. This simply means that rather than taking all of the setup steps on our own, we pay to have someone else do it. The advantage in getting past the scary part of setup, is also the disadvantage of knowing how it all happened.

There are many companies out there to support entrepreneurs with internet business operation as well. From web design, to copy writing and marketing, if you have the capital to invest, opening a business online could turn out to be the least time consuming, income producing venture imaginable.

Perhaps the greatest attraction of the internet business model, is the lack of headache from everything traditional business involves. Employees, inventory, shipping, even accounting, can all be eliminated or automated. It is indeed the fastest growing and most exciting business model ever. Furthermore, anyone can get in the game.

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Article Tags: business online, entrepreneurs, income potential, internet business model, online business
Referred by: http://jaykubassek.com



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Re: Franchise 'due diligence' checklist - One of the things I focus on is this: Does the Franchise fit the Business Model you are interested in? Meaning, are you going to be doing what you want to do on a daily? For example, if you are a restaurant manager now and you hate your job because of the hours, then don't buy most food franchises. You have experience of course, so it is more comfortable, but you will basically be doing very similar duties and hours as you were before. I always go through a series of questions, answers, more questions, more answers etc... to help my clients figure out what Business Model they are most interested in, I do this before even discussing a single name with them, they tell me what the business model is and then I match them up to that type of business, explain the entire business model as best I can and then and only then do we discuss the name of the company. Too many times people come to me wanting to own "abc" name brand franchise, when they don't even understand what type of business it really is and what they will be doing every day.
My entry - 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read - this is a fascinating book about the history of Business theory, and I'd recommend it to anybody. 2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto. 3. PADI: The Business of Diving Book Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
Re: Who inspired you to start? - Hi Evan, I was inspired by Mr. Bill Gates ever since I was a student learning Computers. But I was motivated for Internet as my Business, when I read his book "The Road Ahead" in 1995. It was in this book that Gates laid out his vision of an interconnected world built around the Internet. Based on the premise that life will be transformed by the convergence of inexpensive computing and inexpensive communications, Gates drew from his experience at the center of the personal computer revolution to give insights on the growth, evolution and impact of technology. I had always looked up to Bill Gates as my idol. When I read this book, it made me more focussed on Microsoft and Internet, The Internet was one of the upcoming things in this time. So I took over to the Internet as my primary business. Regards,
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Re: How many mambers of this forum are also member of WF? - Hi Kevin, I have to agree with Tanny. All forums are unique in their own way, but doesn't mean that one is better than the other. What you might get out of one forum, you may not get from another. For instance, the WF focuses on Internet Marketing, while this forum focuses on Entrepreneurship. Each has their own set of benefits. I don't think you can really compare one to the other, unless of course they focused on the same topic. I have learned a lot from this forum, stuff I would never have gotten from the WF. With that being said, I've learned a lot from the WF, specifically since I need to know about Internet Marketing and running an online business. The addition of the Online Business forum here will help, and Jeff is doing a great job as moderator.


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