Faced with the unlimited possibilities for earning revenue from your online business Blake Comeau Jersey , how do you structure your business?
For example, you can earn from - digital affiliate products - physcial affiliate products - your own products - resale products - adsense on content sites - consulting or other personally delivered services - recurring income services you provide - leading teleseminars or teaching classes and so many other sources!
So how do you decide on the appropriate mix for your business?
First, look at the reason you started your online business. If it was to build your visibility and credibility, you're likely to want revenue from your own product sales or your personal services. If it was to make a little more money, it may be from affiliate products. If it was to create a passive revenue source, it may be a combination of revenue sources. So revisit your purpose.
Second Mattias Janmark Jersey , look at your existing sources of revenue. For example, if you're already making money from affiliate product sales, it's relatively easy to ramp up that part of your business. On the other hand, if you've never sold an affiliate product, it may be harder to start that than to expand something you're already doing. Expand on your strengths, rather than spending time shoring up your weaknesses.
Third Radek Faksa Jersey , look at your lifestyle. If you want a quiet source of revenue, you're likely to enjoy selling affiliate products and producing adsense content sites. Neither takes any customer support or personal contact, so you can maintain a low profile. On the other hand, if you want to work with people and gain a reputation as a leader, then you're more likely to want to provide a direct service, sell your own products John Klingberg Jersey , and lead teleseminars. Only you know what your comfort level dictates.
Once you have answered these three questions, then you're ready to outline your desired revenue sources. You may want to work on each of these revenue streams, but adjust the percentage of your income that comes in from each. For example, I know one man who makes 100% of his income from adsense content sites. A woman I know makes 30% of her income from her own products, 50% from affiliate sales and the remaining 20% from teaching and consulting.
Adjust your percentages over time. For example, while you may be happy with 50% of your revenue from consulting right now Tyler Seguin Jersey , you may not want to continue that level of personal service. So you'll increase your revenue from adsense content sites and affiliate products to replace the revenue from consulting - after all, it's hard to do a lot of traveling while you're tied to client services! So look down the road three to five years and start moving that direction now.
Your online business is your choice. That's one of the wonderful realities about doing business online. There is no one successful model - each person designs their own ideal reality. So examine the possibilities, define your ideal revenue mix and choose your own path to Online Success.
Copyright 2006 Jeanette Cates
How To Master Your Online Business Degree Program
Posted by nick_niesen on October 27th, 2010
Opting for an online business degree program is often a great choice. If you have an entrepreneurial spirit and a real desire to succeed, this course of study can prepare you for a business career that offers many options and opportunities for advancement. Studying business can be very rewarding in and of itself. Of course, doing your degree online also allows you to study in the most convenient Jamie Benn Jersey , cost-effective way possible. By pursuing your studies online, you don聮t have to disrupt your schedule, move to a far-away campus, or pay plenty of extra fees. While you can study in the comfort of your own home, however, you can still get personalized attention from professors and a quality education.
Deciding to complete an online business degree program is a big step Wholesale Dallas Stars Jerseys , but once you are enrolled, you will still need to complete your studies successfully in order to get your dream job. Doing well in your online classes requires some work and preparation. Successful students who have pursued this course of study, though, have found that a few basic tips are all it takes to succeed in school.
Most successful students find that selecting the right online business degree program is essential. Finding a program that offers support and good professor interaction ensures that help is available when you need it. Well-organized and clearly developed courses and programs of study make studying easier, as well. When applying for programs, then Cheap Dallas Stars Jerseys , be sure to compare courses of study and get opinions from past students as well. Look for programs that set you up to win and provide you with the support you will need to be at your best.
Successful students often make use of the resources their schools make available to them. If you have enrolled in a distance degree, your business school or program will likely have some online materials and resources for you to use. Be sure to find out what these are before beginning your studies and practice using these resources. Contacting professors for help, downloading multimedia materials that clarify your lectures and being able to find the materials and books you need online will make your study time much more effective, improving your chances of success. Do