E-business Million Dollar Making Models

The Internet has become the biggest contributor in managing efficiency in the office

, schools and public institutions. By linking people worldwide in an inexpensive, 24/7 communications network it has greatly increased the availability of information and the speed of public transactions. Practically everything in the commercial world now has relied in the use of computers to do business.

Efficiency Model

Therefore it is not surprising that the first evolution of Internet Marketers have taken advantage of the Internet Efficiency to make millions. Efficiency Millionaire e-business models are not based on products but on trading information about other people"s products to create profits for themselves. Yahoo, e-bay, amazon.com, Alibaba.com, Google and similar websites are examples of this model. Increasing efficiency in manufacturing or industrial businesses require huge capital and engineering know-how but redistributing information on the cyber superhighway is effectively free. For example e-bay has introduced new efficiencies in the markets for the sale of used goods. This simple idea has made the founders of e-bay rich. Soon the copycats follow. Travel websites, search engine websites and food websites start to appear on the internet.

Products Model

The second wave is the Product Millionaire. Before the advent of Internet most traditional business are based on physical selling and distribution of products. But now almost every product is available online. The internet has allowed anyone to put up an online store to resell things produced by others. By choosing a product such as socks, clothing, coffee, handbags or auto-parts you can start to sell online. You only act as a middle man deriving commissions from the vendor. The other alternative is to start an online retail store your-self offering a line of products. Delivery can be outsourced and payment paid via internet through Paypal. The millions of customers worldwide are now at your disposal and so the potential of exponential income.

Niche Model

The third model is identifying the needs and services of selling to a selected group of people such as hobbies and interests. By targeting a niche that you know and like you can use your credibility to create a business for yourself. For example your passion is golf you would try to build up your business around golf- like golf training, golf courses and golf secrets. There is a big difference between an Industrial age company and an Information age company. Internet companies are not limited by geography. This means your niche product can reach a worldwide audience without borders. By addressing a smaller target audience with products or services specifically matched to that audience"s interests you may uncover many opportunities to make money while pursuing your own interest. As you share your knowledge and make money online this will be the most fulfilling part of your life. Examples of this model are weightloss, dog training and martial arts websites offering unique services and products.

These are just some of the methods to make money online but there are many more. The beauty of the internet is that it has unleashed far too much innovation to be summarised in just three categories.

by: EngSay

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