Home Business Tips - What Is The Best Business Model?
I want to personally thank Giles the Crew Chief over at the Warrior Forum for the inspiration for writing this article.
He brought up an interesting topic about how some people who are invested in a particular business model think THEIRS is the best.
It turned into an interesting discussion.
So let me put this question out to you today.
What IS the best business model? Do you know? Not sure? Well, maybe you'll want to keep reading this article to find out the answer.
Okay, I won't keep you in suspense.
The best business model is the one that makes YOU the most money.
No, that is not a cop out answer.
Truth is, and so many people don't get this, especially the ones who want to impose THEIR business model on you, there IS no best business model.
Let me tell you what I shared with the members of the forum.
Let's say John Doe is into membership sites and he insists that his model is the best.
Jack Smith could EASILY come up with reasons why membership sites are not the best model, if any good at all.
For one thing, most people who join membership sites are gone within 90 days.
In fact, the turnover is about 70% every 90 days.
So you're constantly recycling your members.
How is that a great model? Jack would probably recommend selling ebooks.
But then Sally Strand comes along and says that ebooks aren't all that great because of all the piracy going on all over the Internet.
Once you release your ebook, thousands of people are going to be looking for ways to download it illegally and pass it on to their friends, thus resulting in thousands of dollars in lost sales.
No, ebooks are NOT the best business model, claims Sally.
She believes that you should go into some kind of service based business like copywriting or ghost writing.
Ah, but then Pete Know-It-All comes along and says that copywriting and ghost writing are garbage too because if you don't write, you don't get paid.
You have to constantly work to make money.
He believes that the best model is one that gives you a residual income every month.
And the arguments go on and on.
Every person who is emotionally invested in THEIR model will tell you that IT is the best.
Truth is, no matter how good selling ebooks is, if you can't create a decent product and don't have any interest in selling them as an affiliate, selling ebooks isn't going to work for YOU.
Ultimately, you have to find a business model that fits your skills and interests and one that you're comfortable with.
For YOU...
THAT is the best business model.
To YOUR Success, Steven Wagenheim
He brought up an interesting topic about how some people who are invested in a particular business model think THEIRS is the best.
It turned into an interesting discussion.
So let me put this question out to you today.
What IS the best business model? Do you know? Not sure? Well, maybe you'll want to keep reading this article to find out the answer.
Okay, I won't keep you in suspense.
The best business model is the one that makes YOU the most money.
No, that is not a cop out answer.
Truth is, and so many people don't get this, especially the ones who want to impose THEIR business model on you, there IS no best business model.
Let me tell you what I shared with the members of the forum.
Let's say John Doe is into membership sites and he insists that his model is the best.
Jack Smith could EASILY come up with reasons why membership sites are not the best model, if any good at all.
For one thing, most people who join membership sites are gone within 90 days.
In fact, the turnover is about 70% every 90 days.
So you're constantly recycling your members.
How is that a great model? Jack would probably recommend selling ebooks.
But then Sally Strand comes along and says that ebooks aren't all that great because of all the piracy going on all over the Internet.
Once you release your ebook, thousands of people are going to be looking for ways to download it illegally and pass it on to their friends, thus resulting in thousands of dollars in lost sales.
No, ebooks are NOT the best business model, claims Sally.
She believes that you should go into some kind of service based business like copywriting or ghost writing.
Ah, but then Pete Know-It-All comes along and says that copywriting and ghost writing are garbage too because if you don't write, you don't get paid.
You have to constantly work to make money.
He believes that the best model is one that gives you a residual income every month.
And the arguments go on and on.
Every person who is emotionally invested in THEIR model will tell you that IT is the best.
Truth is, no matter how good selling ebooks is, if you can't create a decent product and don't have any interest in selling them as an affiliate, selling ebooks isn't going to work for YOU.
Ultimately, you have to find a business model that fits your skills and interests and one that you're comfortable with.
For YOU...
THAT is the best business model.
To YOUR Success, Steven Wagenheim
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