So, you want to be a successful online entrepreneur. But which business strategy do you choose?
There are so many out there, with each so-called guru touting a different philosophy. It can be very difficult to narrow down a business strategy that actually work.
When you break the strategy down to the basics, there are only four that make up nearly all of the entrepreneurial ventures that are out there.
Which one you choose will depend on your personal preference. Your unique skills and where you see a hole in the market.
Here are 4 types of strategy that successful online entrepreneur uses:
Strategy #1 – Service Providers
The first of our three top strategies is providing some type of service. There are many occupations that provide a service where someone can become an entrepreneur. Graphic design is one good example; freelancing writing is another.
Whenever you are doing a service for somebody else and they are paying you for it, you are an entrepreneur.
Strategy #2 – Affiliate Marketing
Another big boom in Internet entrepreneurship is affiliate marketing.
Affiliate marketing is one of the most popular entrepreneurial ventures today. With affiliate marketing, you find a customer, send them over to the seller to buy the product and the seller pays you a commission.
Of course, you have to find the right product not to mention have a solid plan for getting in front of people that can be difficult.
Strategy #3 – Create Informational Product
Rather than being a person that receives the commission when someone buys a product from someone else, you could be the person that they are buying that product from you.
You could create an information product of some kind that you’ll be able to sell on the Internet.
One of this is by publishing Kindle content on Amazon or put it on the ClickBank marketplace to be promoted by affiliates.
Strategy #4 – Combining Strategies
You don’t have to just stick with one. You could combine two of the above strategies or you could combine all three if you like.
There are no rules when it comes to entrepreneurship. If you can create something that sells, or make money at something and be successful, you are an entrepreneur.