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.