You will find services about e-commerce , affiliate etc
E-commerce is the thing that is generating the majority of the myths and mysteries of the web. It's almost too good to be true, right? A worldwide market for your products and services. Individuals from Boston to Borneo surfing in your site and spending cash. All of this and your brand spankin' new internet site any fraction of what a bricks and mortar store would cost. What's the catch? - business
Well there is no catch. That's really how it operates. OK, so it is not even close to easy to do all this and it's really still a major investment However you CAN extend your market from your local anyone to a worldwide one having an effective web site. So long as you delivers your product or service and services beyond where you live, then your world is the oyster. The other hand of experiencing the whole world as the market is which you also provide the entire world since your competition. Levels of competition are fierce on the web. Many of the biggest e-commerce companies (Amazon.com) never have made anything yet. These companies are trading profits for market share. When they have firmly established their share of the market and be household names (building brand awareness and image) their profits will become a real possibility.
This introduces an essential point. How deep are the pockets? Do you want to lose huge amounts of money over several years in order to grab a big part of the market? Major corporations are prepared to try this. It is then challenging to get into the internet book business! However, if you are selling anything beside commodities (books, CD's, flight tickets, etc.) there's still lots of room for many more innovative (and incredibly profitable) e-commerce sites.
3. Advertising and Referral Revenue
You've seen the banners. Once in a as you could have even clicked on one. Whoever had that banner on the website is selling it. It may not be a lot of cash but it is some revenue. You can find very few sites who have how much traffic necessary to support the site owner on her private island in the Pacific. For example, at current ad rates (approximately $35 CPM in mid '99) you would need to have over a half million page views each month to build $10,000 gross revenue monthly. That sounds good but until you have many countless page views each month, ad reps don't even desire to represent your internet site towards the major advertisers. So you have to visit out and sell the ads yourself. Selling ads can be quite a long way from your individual island!
To draw that kind of traffic you'll want outstanding content on your site. Compelling information, news, entertainment, or an network can generate huge amounts of traffic. However that compelling details are expensive! Perhaps the mighty Time-Warner found this out when their Pathfinder site couldn't purchase all the content they were generating from their advertising revenue. So what can they do? With less compelling content, they will receive even fewer visitors and page views. It's really a catch-22 where merely the most highly trafficked sites can make money with e-commerce model. Does that mean you should not utilize it? Certainly not. It could be one of many reasons for income to your site. Still may not fit in with your main goal of earning money because unless your website is a portal or directory, you probably want people to your site to keep at your site. Could it be worth 3 cents to possibly send them away to another site? Not if you're able to earn more income by continuing to keep them at your site. Think carefully how banner advertising can help you (revenue) and hinder you (take visitors away from your site.) You may find that even when you are getting covered running other companies ad banners, the rewards don't make up for the business you lose by sending people out of your site.
The other half of this revenue model is referral income. This kind of revenue generation is exactly what has taken place you may notice a book known over a internet site in addition to a hyperlink to go buy that book at Amazon.com. These programs are usually called affiliate programs. You always don't see blatant ad's with referrals. In addition, you don't run as big a danger of the visitors leaving your site just like banner ad campaigns. And when they actually do leave your internet site, it's to purchase a novel(or whatever) which you recommended and is also closely focussed on the same topic as your internet site. At least they shall be thankful for that referral! The main difference in revenue with referrals is that you simply only get money when someone actually buys the product or service which you recommend. This may still be highly lucrative should you pick products or services that fit well together with your target audience. Any visitors are now friends that you will be creating a recommendation by friends to. Not nearly as intrusive like a big banner with animation and flashing text, right? Referral income by itself is typically not enough to set for your own private island either, but it's a method of generating consistent income from products/services which are highly aligned with all the intent behind your web site - business
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