subject: Online Business Models - Tips to Discover Lucrative Business Models [print this page] Online Business Models - Tips to Discover Lucrative Business Models
I think by now you should be aware that the Internet is the ultimate business platform, right? This is because you can build a website very quickly and in a matter of minute. If your idea is good, very quickly you could start having good income. (obviously not overnight, but definitely faster than offline businesses).
Creating a website and marketing it is straight forward. Although it is not that easy and normally takes a lot of work to make a website popular, but it is still straight forward. This is because you know more or less what you should do.
The part where most people got stuck is the conceptualization of the business model. They are confused on what kind of website to build, what market and niche to target, where the monetisation are going to come from etc.
If you are in this situation, I would like to give you a solution that you can use to generate ideas. The place where you can go and find good ideas is called Flippa.com.
Essentially you can use any marketplace on the internet where people buy and sell websites, but Flippa.com is very active, so it should be your first choice.
Once you are there, click on "Buy Websites". After that you should see a list with all the websites up for sale. Most of the websites are ugly. They don't even generate incomes, and yet the seller is asking a huge bid. But there are some very good looking websites listed for sale, too.
All you need to do is to find a way of separating them from the bad ones. This is very easy to do on Flippa. You will notice that one of the columns is called "Number of bids". That column basically informs you how many people placed a bid on the auction. Typically, the higher the number of bids, the better the chances of the website in question being a good one.
The best part of this strategy is that, since marketers are genuinely selling their websites, they will reveal all kinds of information about them, including secrets of how they built them, where they get traffic from, where their incomes come from and so on. Better still, you can inquire questions about specific details and the seller will gladly tell them to you. It is a gold mine of free information that you can benefit in your online business.
Just so you know that this tip is not about finding good websites for sale and purchasing them. This tip is rather about learning what business models and niches are working for other people, what marketing strategies are making money for them and adapting them with your own ideas for your own internet marketing business success.
