What’s the ‘Best Internet Marketing’ Business Model? December 4, 2006
Posted by Andrew Wee in : Internet Marketing , trackbackI get this question all the time.
- “What will pay the best?”
- “What works the best in Internet Marketing?”
- “Can you recommend something to me which will make me a lot of money?”
- “How do I make $100,000 a month?”
Here’re my replies:
- “What will pay the best?” / “What works the best in Internet Marketing?”
I think people who ask this question, expect a ’silver bullet’ type answer.
Perhaps hearing “eBay Auctions” or “Adsense Publishing” will answer their money woes.
But the reality is that lots of people are making good money on the Internet.
And there’re at least ten basic ways to make online income, and probably 100 variations of that.
So the best way is the way that works best for you.
The “You” factor plays a big part in your success.
You determine your business model, you decide how you want to position your product or service. You determine the action plan and you take action on it.
I’ve heard that click arbitrage is dead.
I’ve also been to a number of online communities recently where they practise it on a daily basis, with some making upwards of $5,000 a day.
Is click arbitrage really dead?
Some would like to think so. I’m fairly sure that their detractors have their own business model (together with accompanying products and service) to promote.
I honestly believe that one business model is just as good as another, provided you put in the time and effort to make it work.
If you have a personal interest and stake in it, your chances of success are very much higher.
I personally don’t find creating 1,000 adsense income generating blogs that exciting, nor innovative (but that’s my personal preference), so I’ve decided to go ahead with this blog.
Most of my income has come from this blog, and people seem to be upset with me when I say that.
Perhaps they wanted to see my entire ‘network’. Or “all my websites” (I’m not sure what they want to see).
Sorry to let you down, folks.
—
Next question:
- “Can you recommend something to me which will make me a lot of money?”
Sure. Pick something you’re interested in, then run with it.
Interested in Dogs?
- Create a dog niche site, maybe dog care.
- Sign up for dogfood affiliate programs.
- Commission an ebook on a niche area.Create a dog community site, a forum
- Create a viral dog campaign (hold back the rabies though).
- Go on the road, give dog-related talks
- Join an animal rights political party.
Have fun too! (actually that’s the most important element).
Unfortunately, most people don’t see the behind the scenes work behind every success story.
If you want good money fast! Expect to put in 8 hour days building up your business.
Except for lottery winners, I haven’t seen many make huge incomes overnight.
Even when watching Super Affiliate Ewen Chia and Copywriter Jo Han Mok, pull their $65,462 affiliate marketing campaign over 2.5 days during the recent World Internet Summit, it’s easy to overlook the fact that they’ve been at it for the past 3 years.
Can you pull the $435,000+ that Super Affiliate Ros Gardner did in her first year?
Possibly, but are you willing to put in the same effort?
I don’t know exactly how much time Ros put in that year, but I’m fairly sure it’s something substantial.
When you make the decision to go into Internet Marketing, it depends on what your goals are.
- If you’re doing this as a hobby and putting in hobby type time, expect hobby type results.
- If you’re planning to build a business, and an Internet Marketing business is as much a business as any, expect to put in time and effort in the beginning to master the basics and you can expect to see the returns coming in.
—
Final question:
- “How do I make $100,000 a month?”
When you’re actually in the business, you can see how systematic everything actually is.
If you have a niche blog/site generating $1,000 per month, 10 of those amounts to $10,000 per month. And 100 of those gets you $100,000 per month.
If you have an info product generating $500 per month, 20 of those will generate $10,000 per month. Rinse and repeat.
The key though is refining the system which will bring you the results you are aiming for.
Once it works for one niche, you move on to the next and repeat the process.
—
Seen in that manner, isn’t Internet Marketing full of possibilities?
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good post Andrew. Keep it up.
Ahh. I like this post.
You covered two absolutely essential points: the You factor & how much effort things REALLY take. Oh yes. Those 2 things that are enough to clear up 90% of the confusion for most people.
cheers
Luke
Jag: hey thanks for the encouragement.
luke: actual the most important thing is to take action, and to take it repeatedly. that’ll lead to success for sure.
I absolutely agree with your post Andrew.
I’m beginning to enjoy your blog more and more, and I appreciate you sharing your insights with your to-the-point and no-fluff writing style.
Maybe that’s something brought over from your journalist career?
kangwei:
my pleasure.
i got some good info from yr blog too.
i think everyone writes from their point of experience.
that’s what makes the net so interesting, different people with different backgrounds all coming together in a single meeting point.
cheers!
hi,
i think, you have to take action, and to take it repeatedly. that’ll lead to success for sure. you sharing your insights with your to-the-point and no-fluff writing style. yes you are right net is so interesting. thanks.
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