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Six Models of Success
By Terry Dean
If you want to build
something...first find a model! During the past week,
I have spent a large amount of time studying successful web sites and
finding out what it is that is separating them from all of the run of the
mill web sites which are just there. It is really
interesting when you stop for a moment and look at why certain sites are
becoming extremely successful on the Internet. What really stood out to me
more than anything else was the variety of different types of businesses
there were out there. I researched extremely
successful sites which focused on web hosting, business opportunities, pet
products, golf, computers, information, and even paint thinner! Anything,
if planned appropriately, can be sold online. The other thing that
has stood out to me is the variety of different models of success there
are out there. A key to being successful in any venture is to find a
business which is already doing what you want and model after them. Play
follow the leader. I can't go into every
model of success I have found, but I do want to introduce to you six
different models which kept springing up over and over again in successful
sites. As you look over these
models, you may find that you are on your way to becoming just like that
type of business. If so, good. If you don't see anything listed here which
is what you are trying to do, you really should stop for a minute and
organize your plans to more closely follow a successful web site model. You may even find that
your business fits into more than one of these categories...if so, again
you are probably following the right road in your business. Model #1 - Free
Information Provider and Opt-In List Builder These two things go
hand in hand. For months you have heard me tell you over and over again
that the profits in an online business are in the Opt-In List. Well, it is
still true and I am going to keep right on telling you this. Look at the most
successful business online and almost without fail they are the same
businesses which are building the Opt-In Email Lists. One key that you
have to remember though is that you MUST provide high quality information
to your list and not just a bunch of ads. If your newsletter is just an ad
sheet, you can be assured that it will almost NEVER grow! Then, learn how to
write effective offers which ride right along with each of your mailings
to the list. Once your list begins to grow, you will find out just how
easy it is to build a Guaranteed Monthly income on the Internet. Advantages: You can
build your list up each month and watch your guaranteed monthly income go
up right along beside it. It can be an easy way to create a Residual
Income no matter what products or services you are selling. Disadvantages: You
have to like to write. If you hate writing and only want to send out pure
advertising without value, you will find that this is a very hard road to
travel. Model #2 - Malls
and Co-Op Advertising Another successful
model I found were sites which could almost be considered malls with many
different products and advertising opportunities. Although a site like
this wouldn't be successful in most cases by directly advertising, the
mall owners came up with a very simple and effective method of creating
awesome traffic at their sites. They would start Co-Op
Advertising online, in postcard decks, in magazines, etc. They would buy a
large ad or postcard deck card and then split it up between 10 - 20 others
and everyone would pay a small share. Then, the mall owner who is running
the co-op would get his share for free and even sometimes make a small
profit from the deal. Being a co-op
participant can be a low cost way of getting traffic to your site, but the
real opportunity opens up when you start running co-ops yourself in this
manner. I know of one Internet marketer who gets over $150,000 a year in
free advertising by running these types of co-ops! Advantages: You can
get $100,000 or more free advertising if you schedule enough co-ops and
they produce good leads for each of the participants. Disadvantages: If your
co-ops don't work for everyone involved, expect to have some serious
trouble growing. Model #3 - Free
Services and Paid Advertising If you find a service
people need such as autoresponders, forms on their site, search engine
listings, traffic tools, etc., you may find that this is the model for
you. Sites which provide something extremely valuable for free can often
take their traffic counters into the thousands literally overnight...then
they can start charging people for placing banners and other types of
advertising on their site. You may think it is
hard to come up with a Free service to drive traffic to your site, but it
really isn't that difficult. Spend some time over at
http://www.cgi-resources.com which contains thousands of CGI programs,
many of which are low or NO cost. Some of them would also make great
traffic generators if you would position them on your site in a unique
way. Advantages: You never
have to pay to advertise this site. If your Free Service is extremely
valuable and unique, word of mouth and press releases will be all of the
marketing you need for it. Disadvantages: The
hard part is coming up with the winning idea. Model #4 - One
Product Page and Paying for Advertising People don't talk
about this technique as much as some of the others, but I have found it to
be one of the easiest ways of making a good income online. When you find a
hot product that you know a certain market is interested in, then focus on
putting up the best sales letter possible with just one or two pages about
the product. Then, focus all of
your marketing towards bringing people to that page. By presenting people
with only one choice at your site, you eliminate any of the possible
confusion or distraction which come with multiple page sites. From
studying all of the different models, this one will usually have the
highest response rate per visitor.
After someone buys
your first product, you can then introduce them to all of your other
products and services on the backend to create multiple income streams.
Advantages: This type
of site has the highest sales rates of web sites because it eliminates the
confusion and distractions. Disadvantages: The
biggest disadvantage is that you can't expect too much free traffic. You
will have to pay for all of your traffic in most cases. Model #5 - Catalog
Sites and an Affiliate Program Many sites have
hundreds of products and services so choosing a lead product like the
above model just doesn't make sense for them. Usually in these cases, I
recommend going with creating a catalog site and building a network of
affiliates. Look at the size of
Amazon.com's affiliate program. It is quickly establishing itself as the
number one bookseller in the world. No one else is even close. Much of
this is due to one factor...their affiliate program. Every day new
affiliate programs spring up...and go down. If you have a selection of
products which have a strong USP and are good sellers online you have the
makings of a good affiliate program. Make sure to allow
your affiliates to link to specific products also, not just to your main Advantages: This is
the way to take over a large market share on the Internet...expect to see
in the coming years that probably as many as 40% of the top profiting
sites will be affiliate programs. Disadvantages: You
have to support your affiliates better than the average site AND you have
to be able to handle the amount of orders that will be coming in. Neglect
either one and your affiliate program won't last long. Model #6 -
Community Building Even If You Don't Have a Product to Sell. The other side of the
affiliate program are those who sign up as your affiliates...the most
successful of which will usually be those who have built an online
community around a certain subject or hobby. By putting up a
discussion group, providing links to interesting content, publishing an
ezine, and more you can build an online community around a specific
subject that interests you and others.
Then, as your traffic
grows, you can join affiliate programs or set up joint ventures to offer
your audience products or services which are of great interest to them.
Advantages: You can
start this type of business without even having a product or service to
sell. You can build a traffic base and then ask your visitors what it is
that they want. Then, you can find the exact products or services they
want and need! Disadvantages: You
will have to go without much income for a while until your traffic begins
to grow to a high level. Each of these models
presents a possible online business for you. Which one interests you the
most? Which one do you understand the best? Which one would your enjoy? Pick one or more of
these above business models for your Internet business and you will have
taken the first step to Internet success... "Getting Started." Terry Dean, a 5 year
veteran of Internet marketing, will Take You By The Hand and Show You
Exact Results of All the Internet Marketing Techniques he tests and Uses
Every Single Month" Click here to Find Out More: |
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