Tag Archives: business model

Tips of Comparison btw Affiliate Program VS Ad Network VS Your Own Product

earning-imagesTo compare the earning revenue as an affiliate versus earning revenue through paid ad networks like Google Adsense, which one will earn you more money?

 

Scenario 1: Your site => affiliate offer => buy offer ($20+ typically)

Scenario 2: Your site => adsense click (under $0.70 typically)

Obviously, earning power of Affiliate program is better. Some people work best with affiliate offers only. However, some people earn the most money with adsense, which depends on the nature and marketing strategy of your web site.

You could also promote your own tangible products. You could send people from your site to your eBay listings for example. Drop-shipping opportunities are also out there. You can offer you services. You can sell your own goods. You can create products in your niche once you get going. It is the easy way to start a business and earning money.

Lastly, I provided you some real figures to compare the internet earning amount in a month from different sources as below, which came from a pets-themed website and personal family blog:

  • Google Adsense: $422.34
  • Clickbank $175.14
  • Amazon: $85.42
  • Demand Media $79.96
  • Wealthy Affiliate: $40.00
  • ebay Partner $14.82
  • ShareASale $13.65
  • Squidoo $9.92

TOTAL $841.25

Prepare Your MindSet to Become Wealth

Introduction

‘MONEY’ is the most common wishes of ‘Wealth’, so, in this web site, I would like to focus to discuss about Wealth on ‘MONEY’. There are several ways to earn money to become Wealth, for example,. stock, precious metals, exchange market, real estate, gambling, etc; however, the most common and proper way is to do business to make money, and nowadays, online business provides a new path to become wealth. If you want to earn big money to become wealth, you have better understand the characteristic between success and poor person, so, let’s discuss it firstly.

wealthy-images

Characteristic of Wealth Person – Success VS Poor Person

Do you aware that our grade “A” school colleague may not be the one who earns the most among our old colleagues ? However, some bad school-result colleagues can be a success business person who earns a lot. The fact is that grade “A” student is just successful really only for just making the least amount of mistakes in school exam system. In the real business world, most success person is the one to take action, and not afraid of making mistakes and willing to take risk. The critical factor is that success person can learn from mistake and correct, in order to finally win in the game of life. For instance, when Thomas Edison was criticized for making 1,014 mistakes before creating the electric light bulb; he said “ I did not fail 1,014 times. I successfully found out what did not work 1,014 times.”

If you want to be a success person, you have better read the following comparison table for the different of behaviors, character, and belief between Success and Poor person. Then, you will know how to change yourself to become a success person. If you dream big and take action, you will have a chance to get that big result. If you do not take any action to try, you never get anything (even a penny). Don’t be afraid to try and take action is the most important to success.

Success Person Poor Person
Positive mindset and willing to promote something Negative mindset and not willing to sell anything
Excellent Receivers Poor Receivers
Get Paid based on results, Get Paid based on time and effort
Think how to solve big problem Think how to solve small problem
Task work hard for them They work hard for task
Act in spite of FEAR FEAR stop them
They constantly learning They think they already know enough

How to Become Wealthy Success Person

If you want to become a success person, there are several factors you can study. Hope you can try and become success.

1. Important factor to become success – Know Yourself

yourself-imagesIf you are doing something you interested in and your passion are, you are easy to succeed. First thing first, you have to get to know yourself. Even-though middle age person have lived for many years life, they may still does not know what their real passion is and what they really like to do. Hence, firstly, you should really understand yourself, which you can learn by observe your habits, character, references, strong, weakness, etc. Everyone know that selling high value product can get higher profit  while may spend longer time; however, you should realize whether or not you have capability to sell high value product, and whether you like high value product or low value product. Recover yourself in honest way, then select to do something you like.

2. Important factor to become success – Get your most important task

As you know what to do, the next thing is action. Work Plan is crucial. The first thing which you plan to finish in a day should be the most important task or the high priority task. No matter how busy your day is, you have to finish something crucial first. Do not out focus on non-important things. If you are always busy for doing tedious and trivial things, you are wasting your valuable time. Remind that 80% of result comes from 20% of work done.

3. Important factor to become success – Set a specific time to do your work

Nowadays, people always keeps an eye on their mobile phone, whatsapp, twitter, facebook, etc. As they receive any instant message, they are eager to reply immediately and then wait for reply. In fact, it will degrade your productivity because you cannot focus on your work. You are distracted by these messages although some may be important; however, most of messages were tiny stuff. Hence, I advised you fix your time to check and reply whatsapp, twitter, facebook, email, etc, for example, check it hourly but not every second. So, you will save a lot of time and get work done more effectively.

4. Important factor to become success – Set a Goal, work toward it, do not distract

Plan to achieve something without setting a concrete goals or a clear path is just a fancy dream. Most people know that setting a goal and then focus to work on it, which is an effective way of success. However, “working toward goal” involves more than just setting goals and then hoping for success. There are too much stuff and shiny objects which you will get distracted. Somehow you will forget what you are working towards, and you will start to work on unimportant things. It happens a lot. Secondly, after you set a goal, you should set a working path, which you figure out how you plan to get started and moved on. Chunk the plan down in small manageable and doable tasks, and you’ll thrive. You should also remember to set some firm deadlines and expectations in place. Sometimes, you should fine tune your action plan after review the progress. If you find off-trace or the goal is unrealistic, you should revise your goal or plan then. To summarize, I advise you the following three specific behaviors which have been proven to drive toward your goal effective:

  • Setting specific dates for each goal
  • Chunking down goals into a series of smaller steps and setting a specific deadline for each step
  • Reviewing your written goals regularly, and measuring your progress.

As a reference information on this point, you can refer to one of the Seven Habits from Stephen Covey as ‘Begin with the end in mind’, which you decide what you are aiming for, and decide what annual revenues you want to generate, and progressively build your business to achieve that. You will easier to success.

5. Important factor to become success – Set a reward system for achieve a tasks

Every time you achieve a particularly difficult task or even tedious task, give yourself a reward which can be as small as a snack or a cup of tea. It will give you a chance to enjoy your success, and then recharge yourself in order to prepare for the next success.

Take Action to Become Wealth – Be Employee VS Start Business

If you are an employee who has a stable job, you may feel good to have a stable income. When you try to do something out of your comfort zone, your brain will come up all kinds of resistance. However, nowadays, there is no guarantee of a stable job, because you may have risk of fire-off as conflict with business or lay-off as business drop. So, you have better think about your backup second income in order to maintain your living. In case of no job, some unemployee may plan to be a self-employed. If they have professional or good in a particular field, it is easier for them to earn money by using their professional skill, otherwise it is very pity to apply unemployee fund from government.

onlinebusiness-aI think you will realize that most rich people usually are employer who run their own business to earn money. Running a business can provide a good chance to get rich, but it also has risk of failure. Nowadays, online business model provides e a very safe way to run a business because it would not need to invest a lot money on trading, manufacture and store products. Even-though you have a regular job, you can operate online business during your off-office hour. You can also treat online business as a second income opportunity which you can run it anytime and anywhere. For example, facebook founder, Mark Zuckerberg, started his facebook business during he was studying in school. Online marketing business is definitely an effective way to get RICH from internet nowadays. I wish all of my dear reader can be as success as Mark Zuckerberg.

Conclusion

Everyone wants to become ‘Wealth’ and ‘Success’, but ‘Wealth’ has difference meaning for different people, someone trace for money, someone trace for authority, someone trace for health, someone trace for family and couple, even someone trace for spiritual, etc. The most common objective is “MONEY”. However, I want to remind my dear reader that your ultimate objective should not limit to only MONEY. It will be a non-recoverable regret that you loss everything except obtain ‘MONEY’. Hence, you have better balance your life to spend time on 2 or 3 aspects besides ‘MONEY’. It is my friendly whole-heart remind to my dear reader.

life-wealth

Reference Information:

1. An excellent reference Book for business man: Seven Habits by Stephen Covery.

2. A famous reference book for secret to success : “SECRET” by Rhonda Byrne – Your thoughts control your reality. If you’d like to purchase your own copy or review its related product click <<here>> to visit The Secret Store.

Traditional Business VS Online Business Model

Introduction

traditional-store

Running a traditional business is like a brick and mortar business, which usually carries with problem of overhead cost and logistics.On the other hands, running online business is more or less similar to running traditional business that still needs to handle all kinds of those customer support and fulfillment. However, the main difference is that online business does not need to open a physical department store to attract customer, so, it saves a lot of money for rental and decoration of store.

Comparison between traditional business and online business

To compare the operation steps between traditional business and online business is as below:

Steps traditional business Online business
1 (same) Seek for winning products to sales Seek for winning products to sales
2 (same) Setup a merchant account to authorize for trading the products Setup a merchant account to authorize for trading the products or join affiliate program
3  (diff) Setup a department store to attract customer Setup a web site or online platform to attract customer
4  (diff) Setup Marketing Campaign and Advertisement to promote products Setup Sales Funnel, Marketing Campaign and Advertisement to promote products
5  (diff) Employ salesman/saleslady to handle customer request

5.1 Employ salesman/saleslady to handle customer request for merchant

5.2 if you join affiliate, some affiliate company will handle customer request

6  (diff) Handle logistics to purchase, store, sell and delivery products

6.1 Handle logistics to purchase, store, sell and delivery products

6.2 if you join affiliate, affiliate company will handle logistics

7  (diff) Handle after-sales Support or customer complain

7.1 Handle after-sales Support or customer complain

7.2 if you join affiliate, affiliate company will handle after-sales support

According to operation steps comparison table, step # 3 is the main difference. For steps #5 to 7, you can get some benefit by using affiliate service which I will describe in another article “What is the best Business Model for internet marketing – your own business VS Affiliate ?” as link <<HERE>>.

Prerequisites for Running Online Business

onlinebusiness

Running online business needs other kind of skill-set which is difference from traditional business. You needs to spend a lot of time and effort on online business to build a website, write copy, create a “how to” eBooks etc. If you do not good to work on multi-media, such as writing articles, graphics, taking photo, produce video, etc, you may find it is very difficult to attract customer. For example, you need to create an attractive articles or photo to promote your product in web. However, if you like it but just do not know now, it does not matter because you can easily learn from classroom lesson or online lesson. Hence, online business has its pro and conv, you can think whether or not you are suitable for online business.

Bonus

One of the proven New Business Model for online marketer is this Internet Market Revolution’, click link <<HERE>> to find detail.

Important Element to Get Start Online Business

Introduction

If you are going to create you OWN online business. I think you firstly need to obtain the following THREE elements:

  • Education,
  • Websites,
  • Expert Help.

onlinebusiness-helper

Description

I find a web site https://my.wealthyaffiliate.com which can provide these three elements with low cost or even free trial. Its training material is the most complete in the market, and also with very low cost. Actually, this web site is a community with many helpful members, who are not going to selling you anything like other online marketing web sites. I ensure you will get a lot of online marketers’ help and support from it. I have already spent a lot of money on buying training material and consultant support from other online business training web sites so far, but no use. Finally, I stayed in this web site, https://my.wealthyaffiliate.com. I ensure you will like it. It is worth for you to try, no harm. Sign up a FREE account to try via click this <<Join WealthyAffiliate Community>> link. If you have any queue on WealthyAffiliate Community, you are welcome to leave me message via my <<contact us>> page.

GOOD LUCK.

Bonus:

As a bonus of this page to welcome you visit my site, I would like to introduce a free WordPress web site to you. You are welcome to create by your own web site as below. Even-though you do not want to join this WA service, you can also try their FREE domain web site, called SiteRubix domain. It is WordPress based platform, and the most popular and easy to use platform for online marketer. Most online business need to have their web site, and you need it, too. It is 100% FREE. You can try by fill-in below text box input as below. If you have any queue on creating WordPress web site, you are welcome to leave me message via my <<contact us>> page.