This is Part #2 of a 10 part mini-course:

I would like to take this chance to get a HUGE MYTH out of the way. If you think you NEED to have a product to sell to make money – then you’re dead wrong, really.

You’ll be glad that you’re wrong after I tell you this. You still CAN make money without having to create your own product. And there are several instances you DON’T NEED to HAVE a product to sell at all in order to make money!

How?

Quite simply, you can either be a referral to earn a commission or sell advertising spaces on your website or newsletter. That, my friend, is just a speck of a dust. There are still many other ways you can make money on the Internet WITHOUT having to have your own product to sell.

Furthermore, you can either:

• Buy Resell Rights to someone else’s product and start selling it on the internet. All you would need to do is buy resell rights to an info product, upload it to the internet and drive traffic to it via Google Adwords…and there’s your 1 hour online business. You could also…
• Sign up as an affiliate and promote someone else’s product (this is even easier than the first business). All you’d need to do is sign up to an affiliate program and drive traffic to your affiliate link…Again, you can use Google Adwords to drive traffic to the link.

This is good news to those who are already sweating over the thought that of needing to create or have their own product to sell to make money! However, the 10 Step approach to setting up your own Internet Business presented in this chapter gears more towards “selling products or services” Internet Business Models.

Picking an online business model

Already decided what you have in store for your customers? Good!

The next thing to do on the list is to choose the right Internet Business Model. Now this is crucial to your Internet Business success. The Internet Business Model has to be right for the type of product or service you’re offering to your customers. When choosing the right Internet Business Model, you will want to take the following factors into consideration:

• Profit Margin – the higher the profit margin, the better.
• Delivery – can be easily delivered to your customers via a system.
• Shipping Cost – as low as possible or even none.
• Marketing – different Internet Business Models have different marketing strategies. Choose the model that has the best marketing strategy for your product or services.

To date, there are 19 low-cost, high-profit Internet Business Models on the Internet to choose from.

Identify your target market

The inside secret is to search in search engines (such as Google and Overture) with keywords related to your product or service to find out if many websites, newsletters and community groups focus on this interest.

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