6 POWERFUL VRE Business Models You Can Start Building In 2006 Using Google Adsense - Part 3

Hello again!

This time I bring you my list of the 6 POWERFUL VRE Business Models You Can Start Building In 2006 Using Google Adsense - Part 3. They are as follows:

1) Subscription Sites - These sites usually have a membership fee and offer products that can only be purchased in exchange for an ongoing membership with the site. Examples include the now defunct Napster and Spotify.

2) Crowdfunding Platforms - Websites like Kickstarter let people pledge money to help fund a project or idea without getting any equity in it or paying anything up front. The money is usually a pre-order on the product before it is produced. This is similar to a subscription site, but is in this case people are pledging money to help bring a product or idea into existence. As an example, this could be used to finance the development of an indie game or movie.

3) Affiliate Marketing - This involves buying something for someone else and then promoting it to them in return for a commission. The commission can either be paid on sales made or by charging a fee per transaction. Examples include online retailers like Amazon and eBay (they pay you if the items sold on the site get returned!) and Internet marketers (who are paid by selling other peoples products).

4) Product Creation - This involves creating an online product such as a computer game or eBook and then selling it over the Internet. Examples include Sellfy.com , Cimbi.com, and Shareasale.com (this one is not as good as the others, IMO).

5) Affiliate Marketing with your own Products - This combines elements of 4) Product Creation and 3) Affiliate Marketing by selling your own products online in order to earn affiliate sales commissions on them. Then you recommend affiliate products to your site visitors in return for commissions too. Examples of sites that do this are BookTag , and ShareAware .

6) Selling Digital Products - This is a fascinating business model as it combines all the elements of 5) Affiliate Marketing with your own Products. You can either create your own products and sell them via various affiliate marketing sites or you can become an affiliate for other people's products on the Web. Example of Current Companies That Do This Well are Commission Junction and Clickbank . The trick is to ensure that you get paid based on which affiliate programs (or networks) you have registered with and not based on how many customers purchase your product through any particular site.

The most important part of this strategy is to test all the different business models out. It is important to note that the key to this strategy is your own creativity and ability to test things out. I have not been able to test all of these out myself, but many of the sites that I have posted about recently work as promised. Others are great ideas, but do not yet work as they were designed (it is a process of iteration after all).

I hope you find this article useful and fun to read. If there are some specific business models that you would like me to incorporate into the list please let me know in the comment section below - either in English or in German!

Sources: http://www.myvrexplorerteam.com/blog/2006/08/06/6-powerful-vre-business-models-you-can-start.html

Article © 2007 Martin Mitchell. All Rights Reserved.

arturpop at gmail dot com

Home | Affiliate Marketing | Google Adsense | Facebook | Twitter | Comments (0) Posted by: arturpop at 04:50 AM - The word "FOCUS" is in the word "Variety". - Michael Josephson I have published two blogs on my VRE site since the first part of this series was posted over a month ago, which means that this article is long overdue (and probably not well read).

The first was a critique of Microsoft's Virtual Earth technology, which I likened to Google Earth. It is an interesting article that discusses the possible future of competition between Google and Microsoft if they continue in their present directions. The second blog was on Napster, whose launch as a subscription service was not a rebirth but a slow death. The post discusses why Napter has gone from being the next big thing to the Vaporware Of The Year in such a short amount of time. I was actually a huge fan of the Napster idea when it first came out, but was always skeptical of its business model.

In this third and final part of the series, I will again try to summarize the different business models that are available for you to consider using for your own business start-up. As before, I have tried to classify these into three categories: inexpensive, medium cost and expensive. The cheapest businesses are those that require very little start-up capital but yield only small profits (usually about 5% profit). In general, they can be started for free and without any experience in web design or coding. The second group requires more start up capital but yields much higher returns. The third group requires even more start up capital but offers a high probability of making huge profits in the future. Of course, there is a "good" middle ground where you can start your own business without any experience or larger investment, using the inexpensive approach first and then after you see some success you can move into the medium cost and high cost models once you have proven that your business is profitable.

I apologize for the length of this blog, but it seemed to be essential so as to address all the different business models as fully as possible so that you will be able to make an informed decision about which one is best for your own personal needs. Again I hope this article was useful and fun to read. If there are some specific business models that you would like me to incorporate into the list please let me know in the comment section below - either in English or in German!

Article © 2007 Martin Mitchell. All Rights Reserved.

arturpop at gmail dot com

Home | Affiliate Marketing | Google Adsense | Facebook | Twitter | Comments (0) Posted by: arturpop at 04:50 AM - The word "FOCUS" is in the word "Variety". - Michael Josephson I have published two blogs on my VRE site since the first part of this series was posted over a month ago, which means that this article is long overdue (and probably not well read).

Conclusion

At the end of the day, I strongly agree with Stuart Cooke on many points, though I do not share his opinion on what is the best venture capital model. (He says that Venture Capital is currently very bad) and that this means you should not use Venture Capital to start your own business. This is perfectly true because you will end up spending all your time trying to please a few VC's instead of focusing on the important work that needs to be done for your own business. I would also argue that two of the most promising new business models today are IPOs and Crowd Funding.