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Written by Robert King
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Wednesday, 07 July 2004 |
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Going online can be a great adventure--and a lot of fun--for any small business. But if you want your Web site to be more than a hobby, you need to put some thought into how to make it profitable. No matter what your business is, you should always be thinking about ways to diversify your revenue streams to boost your profits. So to get you thinking about new strategies, I've put together a list of the seven ways you can earn income on the web, and then I've explained how you can incorporate all of these methods to create success.
Whether you're just beginning to develop your business model or simply analyzing an existing business, your chief focus should be on how you're going to generate income. There are seven ways to generate revenue on the Web: - Sell your own products
- Sell your own services
- Drop ship products
- Recommend affiliate products
- Sell ad space
- Create a joint venture with like-minded businesses
- Start an affiliate program
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