Moms Online Business Coach

Since I started working online, I’m asked weekly “How Do You Work Online?” or “What Can I Do To Work Online?”

That is a loaded question that is full of a lot of choices, and your first choice is deciding on which business model you are going to follow. If you don’t make this choice carefully, you’ll find yourself hopping from business model to business model, spending money on programs and “secrets,” and not making any profits at all. Trust me when I say that finding a business model that appeals to you and working with that model will go a long way toward helping you succeed online.

I personally started with an eCommerce site, selling my own manufactured products as well as products I sourced. I then had the ability to start consulting other start-up entrepreneurs on how to bring their own product to market and I also did freelance work. But it doesn’t stop there, I also leverage affiliate marketing (where you get paid a commission for products your recommend) but through all the years I have seen or tried more models than I can list.

If you are just starting out there are a few basic business models to choose from that will give the greatest chance of success (and save you from the scammers). Each of them have their advantages and disadvantages. By looking over this list and considering your strengths, you should know where you want to focus your business.

- Information Publisher

When you create your own product, you are in complete control of your stream of income. By writing a product, or hiring a ghostwriter to write one, you can set up a website and sell your product over and over again. You can set up an affiliate program so other people are selling the product for you. The only major downside is that you can spend a lot of time and money working on a niche product that may not fill your expected income.

I just started working with Wishlist, it is a membership plugin you add to your WordPress blog and boom, your membership is site is up and running. Here is a free video on building a community with Wishlist.

- Affiliate

This is my FAVORITE model for a beginner just getting started. Unlike being a product creator, with affiliate marketing you don’t have to spend time and money creating a product. You just need to be good at promoting the product. You’ll earn commissions for sending buyers to the product creator’s website. With the right promotional techniques, you can establish yourself in the niche and make affiliate commissions from several different programs all at once. On the other hand, you are at the whim of the product creator when you use this business model. You never know when a product creator will stop offering the product.

I find affiliate marketing can be a difficult concept for some, so let me break it down this way.

We have a bean bag chair that our entire family loves, all visitors to my house climb in and won’t get out of it and it’s totally not your “average” bean bag chair, really, it kicks butt

So we are always telling people where to buy their own, it’s natural word of mouth recommendation but heck.. what if you can make a few bucks on that recommendation? I do so in three easy steps.

1. I simply joined the bean bag chair’s “Affiliate Program”
2. I bought a URL- http://www.bestbeanbagchair.com that was easy to remember
3. I forward the special tracking link from the affiliate program and to my URL so the store knows I sent that visitor.
4. Money get’s deposited into my Paypal account every month when someone visits the website and buys a rockin bean bag chair.
5. I’m happy to get a few bucks for my personal recommendation (I only recommend things I really do like and use), the store is happy that they just made a sale and the new customer is happy because they have a great product. Everyone wins!

That is the very basics of affiliate marketing, obviously, you can get crazy and promote that link everywhere and make even more money.

- Administrator

Starting your own membership site is another option. With affiliate programs and information products, you’ll earn money from a one time sale. When you own a membership site, you’ll have an ongoing stream of income coming from one website. You can provide monthly reports on a niche topic, host a forum or offer coaching for a flat fee each month. You can even use an affiliate program with your membership site so that other people will send new members your way. The downside is that you need to keep providing fresh content each month to keep your members sticking around.

What hobby do you already have that others can use? Would people be willing to pay you 10.00 a month for a new pattern of the month club?

- Virtual Assistant or Virtual Specialist

The world of the web is exploding around us, website and business owners are always looking for services, what skills do you have that can earn a little extra cash or even your full time income.

One of the best programs I found will guide you to become an Internet Marketing Specialist. The Internet Marketing Specialist 2010 Training Program will equip you with the exact skills, knowledge and tools to be able to fully coordinate and implement your client’s Internet Marketing campaigns from start to finish! This is a great option if you prefer to be service based and have a more reliable income. Of course, the fact that you get to work when you want to work and in your jammies is a bonus.

Plus, you will gain new Internet Marketing tips and tactics to help you further ignite the visibility, traffic and overall web presence for your own business!

As a special bonus, you can bundle your course with a 2 Half Day Clinic Keyword Research and Optimization Clinic.

Use the coupon code for a reduced rate. $100 Coupon Code: IMST2010

There are a few options for you to consider, again, it is important for you to have a clear vision of your own goals and realistic expectation of your time. Unlike what people try to convince you, success to become a millionaire does NOT happen overnight.

To Your Success,

p.s. The Internet Marketing Specialist course starts April 26 and seats are limited so take advantage of this offer now, I’m not sure how often they open the program. Here’s the coupon code again for $100 bucks off: IMST2010