3 Business Models For Creating Wealth On The Internet

The Internet has the potential to make you rich! I am sure you have heard it over and over again. Everybody knows you can get rich using the Internet, but how?

Over the last 8 years, I have researched hundreds of Internet business opportunities. I have purchased dozens of Get-Rich Information packs. I have listened to over 100 audiobooks on how to prosper using the Internet... I've been to countless seminars, some costing as much as $3,400 to attend! And I've tested all the tips, tricks and techniques to find out what works and what doesn't.

What I discovered was that there are three distinct business models that you can use to create wealth with the Internet. I've used all three to create an income stream of over $1 million dollars per year.

And I do it all from the comfort of my home, with no employees.

Would you like to learn how?

In this article I will give a brief overview of each of the three business models. Then, in upcoming articles I will discuss each model in greater detail along with direct links to resources I have used that are working for me RIGHT NOW!

*** ONE SECRET That All 3 Models Have In Common ***
As you learn about all of the models, you will notice one thing that they all have in common. That one thing is called "leverage."

What is leverage?
J. Paul Ghetty once said, "I would rather have 1% of the efforts of 100 men than 100% of my own efforts."

J. Paul understood leverage. Some of the models that I will present will leverage the efforts of hundreds and even thousands of other people to produce an income for you.

In other business models we'll use computers and technology to create leverage.

In either case, leverage allows you to earn money while you sleep, while you vacation, while you spend time with your family.

Leverage is the secret to financial freedom!

*** Business Model #1 - Network Marketing ***
Network Marketing, or Multi-Level Marketing (MLM) has bloomed into a multi-billion dollar business. Even with all of this success, we still run into people today that call it a pyramid-scheme.

Network Marketing allows you to start a business at home that is similiar to a franchise. However, there is no franchise fee of millions of dollars. Instead, you pay a small entry fee, some as low as $35 to become a distributor. However, you get the backing of a major corporation to support you and to help you build your own home business.

You also get the opportunity to go International with your home business with some network marketing companies reaching into 60 or more countries!

MLM has come a long way, baby!

The unique thing about Network Marketing is that your upline is actually motivated to help you succeed. (Unlike a BOSS who doesn't want you to know what he knows - or you'd take his job!)

I have been (and still am) involved with 3 different network marketing companies. I will tell you about the good, the bad and the ugly in an upcoming article on Network Marketing.

*** Business Model #2 - Affiliate Programs ***
Affiliate programs have become very successful over the years. In fact, we started our own affiliate program several years ago, and saw it grow to over 3,000 affiliates in less than a year.

Basically, affiliate programs are ways that you can promote somebody else's product or service and get paid for it.

This is usually done by a banner ad, or announcement to a customer or other specialized list.

If you currently have a high traffic website, you should be participating in at least several different affiliate programs. Nowadays, there are networks of affiliate programs that take the threat of not being paid out of the picture. (It used to be a problem when everyone was running thier own.)

If you have a lot of time on your hands, and no money at all to get started in Network Marketing, than this is a great option to start out with.

I will tell you where to find these networks and how to get started in an upcoming article on Affiliate Programs.

*** Business Model #3 - Information Marketing ***
This is the model I am currently using to build my next million dollars, while my business partner spends his time building our Network Marketing businesses.

What is Information Marketing?
Basically it is taking something that you love doing and writing articles, ebooks and even creating teleseminars and live seminars.

It might sound like a lot of work, but you start small and work your way up.

I will be showing you how EVERYBODY has at least one special skill or ability that can be turned into an ebook and sold online. Really!

I recently attended a seminar that cost $3,400 to attend. This 3-day seminar was packed full of hundreds of tips and techniques to build an Information Marketing business.

I will be passing what I learned onto you through several upcoming articles.

All of the business models that I have presented have the power to create six and even seven digit incomes in as little as 9 months!

I will go into *much* greater detail on each of these three business models in upcoming articles on each one. I will also be providing updates of current progress to those of you on my mailing list, so be sure to join!

God bless

Author Bio
Sean Gum is the president of Magnificent Enterprises, Inc and founder of GroupLeads.com a leading Internet leads generation company. He offers a free newsletter on how to create wealth on the Internet utilizing three distinct business models. Sign up for free at www.MillionaireStudyGuide.com.http://www.articlegeek.com/internet/online_business_articles/business_models_creating_wealth_internet.htm

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Path To Freelance Success: Secret Is Knowing Where To Look

Would you like to break out of a regular job and start freelancing? Perhaps you've got the skills, but are not quite sure where to start looking for work, or how to deal with the business side of freelance work? Freelance marketplace websites specialise in bringing together clients looking to outsource projects and skilled professional contractors looking for freelance jobs. If you have web design or development, graphic design, programming, writing or translation skills then you will find opportunities waiting for you, if you know where to look.

There are many benefits to freelancing - you have a high degree of independence, choosing when and where to work, and even for whom to work, once you are established. You aren't tied to a fixed schedule and you are directly paid the full rate for your work, not just a portion of it like an employee is. There is plenty of work out there, but you have to learn how to find it and build your contacts. This is where freelancing sites such as Project4Hire.com can help, especially when you are just starting out. These sites offer a wide range of projects to bid on and give you the chance to learn about the freelance marketplace.

Once you start as a freelancer, you need to think of more than just keeping your skills sharp. You are a business now, and have to build relationships with clients and sell yourself. This can seem daunting at first but is made easier by freelance marketplace websites that bring together outsourced projects with freelance contractors. These sites all include feedback and rating systems for both clients and contractors, meaning that as your experience builds, your record of quality work will be visible to all the other members of the site, giving you more credibility. You will also find that as you gain more experience and contacts, people might approach you directly for work. In the end you might even have to turn away work - alternatively you can start sub-contracting it out yourself through the freelancing sites, giving you the best of both worlds.

Your success is all down to you - if you are professional and polite, and always deliver good quality work on time, people will come back to you as there is a strong demand for good quality freelancers. When setting your rates, don't be solely concerned with being the cheapest. Instead look at the budget of the project you are bidding on, then look at what you need to earn for it to be worth your time. Work out a rate that meets both the client's budget and your needs, then use it as a part of a high quality bid. The lowest bids are often rejected in favour of the bids that offer the most professional package. Small businesses looking to outsource some work will often pay a little more to someone who will offer a more professional service. Your aim, as a freelancer, should be to be that someone.

As with any business undertaking, there are a few potential risks, but with care and planning you should manage to avoid these most of the time. The most obvious risk is completing a freelance job for a client who then will not pay. Project4Hire.com, like most freelance marketplace sites, offers an escrow payment system to protect both clients and contractors from these problems. It works by taking full payment for the project from the client at the outset of the project, and then passing it to the contractor upon successful completion. Other challenges you can have to deal with are changing requirements from your client and poor communications, but again freelancing sites help here with feedback systems and message boards, ensuring a record is available of the original details of your bid and the project, so as long as you deliver what you bid, you should get paid.

Don't let the challenges and risk put you off - freelancing is a very rewarding way to earn a living and make the most of your marketable skills, and with freelance marketplace sites to help, it isn't as difficult as it used to be.

Author Bio
Abdoulah Sangare is a freelance web developer and writer with over 10 years of experience. www.techslick.com

Article Source: http://www.ArticleGeek.com - Free Website Contenthttp://www.articlegeek.com/business/outsourcing_articles/freelancesuccesssecretpath.htm

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How to Work Online From Your Own Home Office and Keep the Costs Down and Work Ethic Up!

Working online is a fantastic way to not only be self-employed and achieve financial independence, but also to enjoy the freedom of being able to work from wherever you want, to set your own hours and to pursue something that interests you as your career. In short, if you can work online you'll likely find that you naturally improve every aspect of your lifestyle.

And what you might not also have realized is the sheer amount of money saved when you work from home. Think about it: you'll no longer have to pay to commute to work which might mean saving hundreds a month on rail transport, or perhaps a similar amount on parking. You'll also have to spend less money on eating out and you'll get an extra two hours or more of your day to yourself because you won't have to travel... it's glorious.

But while there are lots of benefits to working on the web and having a home office, it's also important to consider that there can be some downsides too. This is a very unique and unusual lifestyle when compared to what most of us are used to and it's actually very different to adapt to for many people in the early stages. So let's look at how you go about working out of a home office while keeping costs down.

Stocking Your Office

The problem that many people make to begin with is that their home office is not really a home office. At least that is to say that they don't treat it like a genuine home office. Rather than kitting this space out with the correct professional grade furniture and technology, many people will simply keep the furniture they already have in there and essentially they'll be working out of a home study or the like. This might be a nice space, but it is not going to be as conducive to work as a real home office.

Unfortunately though, many people just don't want to stock out their home office because it can feel like a waste of money. Essentially, if you are working from home to save yourself cash, then spending more money on that property in order to add furniture can seem a little counter-intuitive.

A solution is to invest in second hand furniture, or refurbished furniture. This way, you can stock out your office with much better quality products, without breaking the bank!

Supplies

You might find you also need a number of different supplies for your home office - things like paper and pens for instance. The trick here is once again to treat your office like a real office and to buy in bulk. That means a bigger upfront expense, but the result is that you'll never run out of the things you need, and you'll be able to make big savings. You can even try buying from wholesalers and manufacturers using sites like Alibaba!

Bills

Finally, remember that you may be able to write off your bills as an expense. That means things like electricity, internet, and more. You can also often find deals for businesses.

Leon Edward Helps people to start, grow and maximize home and online business income with training articles, reviews, marketing blog... ideas and opportunities. download his FREE Report - Work at Home Productivity with checklist - Find online business training articles, FREE Content, starting a business free ideas, residual internet income opportunities and top network marketing home based businesses... all at http://www.HomeBusinessIt.com

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