First off, you have to make a key choice: How much time do you want to devote to your business?
When you go for a full-time business model, you leave behind whatever you were doing previously to commit yourself completely to your start up. You will find yourself working more hours than you ever did working for someone else...that is a for sure.
Alternatively, you can start up a business part-time. With this model, you adapt your business to time-consuming obligations you already have, such as your day job, parenting responsibilities or any other activities that would keep you from making your start-up your primary focus.
Some basic categories of business model options are discussed below, new and interesting variations can be expected in the future and these are not meant to be exhaustive or definitive.
1. Home-based
2. e-Commerce
3. e-Bay
4. Franchising
5. Licensing your product
6. Multi-level marketing
7. Advertising
8. Merchant
9. Affiliate
10. Subscription
Business models can be implemented in a variety of ways, as an example a content driven business can blend advertising with a subscription based model, as I am trying to teach you in the Constant Learning Group, as an overall Internet business strategy.
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http://www.constantlearninggroup.com
Saturday, September 20, 2008
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