Saturday, 17 August 2013

Ain't no Mountain High Enough...

Day 11 in the 30 day blog challenge.

In considering an online business, there are two types of business models one can follow.

The first is selling yourself (okay not literally, I mean products developed by me - like my book The Cancer Warrior Handbook, which by the way just hit #1 on Kindle for Cancer books).

The second business model is to sell other people's products.

So, the question posed to us today in the 30 day blog challenge was:

Which business model is best for you and what one revenue stream is most feasible?

I've already delved into that, so this is a super easy and short blog post for me.  Good thing I'm dressing it up with pictures and video.

Business Models:

My online business will actually consist of both types of business models.  I will be offering more of my written product, will be adding podcasts and training videos, and I will also be selling peoples products in the "Cool Gadgets" section of my site.  By adopting both models it allows me to have both a self involved (writing, developing training) section on my site and a section that will run itself (the product referral section).

Revenue Streams:

With this in mind both the Active and Residual revenue streams will be working for me.  As my credability grows, I will approach vendors about select, well designed, not in your face ugly advertising on my site, which will address the third revenue stream (selling advertising).

Sounds like a pipe-dream?  Maybe, but we all have a right to dream and I truly have nothing to lose by trying to make this a reality.  So, I encourage you, come along for the ride and see if I can do it.

30 day challenge


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