Business strategy BRS Business strategy BRS Magazine
Simply defined, business is a transactional act between parties in which both receive and give. However on at a closer look there are various models that shape a business. These are often referred to as business models which explain what type of transaction takes place between the provider and receiver. The following are kinds of online business you can study should you be interested in setting up your own.A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers.
Brokerage services
Brokerage in essence means to middle-man a transaction between parties at interest. The parties involved range from resellers of products and buyers. The main task of a broker is to promote the available product or service and channel the communication. The pay they receive comes in a percentage commission.
Advertisement
Providing online ad slots as inventory is also a model of business that is popular. What you provide is a site where advertisers are able to place ads and contents of their wish. Sites with high traffic will generate audiences that will view your ads. This is valuable for creating your own market and generating traffic your way. Good content without a place to market is worth very little.
Merchant services
The logic of buyer and seller is larger than the definition. In reality they not only involve buyers of a single item, they too involve whole sale transactions which are often aimed at stocking supplies of business entities. Merchant services like e-Bay and Amazon are some of the most popular as they create a place for whole sale sellers to promote to retailers or individual buyers.
Subscription
This channel of online business charges for information that you generate and provide to your audience. At a fee of a weekly, monthly or annual basis you receive your fees and payment from here.
Information marketing
This is one of the most basic methods of making money. Sell what you know and let people find their way to you. This is most suitable for first-timers and small scale business sizes as they can range from very simple matters like teaching drum covers for songs to DIY pillow knitting techniques. Basically anything you can package in writing can be of value to others you will be paid for in money.
Affiliate marketing
A great way of making easy money is the affiliate marketing. This is very similar to brokerage services except that you do less. What is required by the vendor is to send people their way through your persuasion. You can use your blog or other techniques to send people to the site of the vendor. The only challenge is to assure that they buy. This is what vendors look for in affiliate marketing services you can sign up for. For every lead that turns out positive you will receive a commission. This ranges vastly depending on who you work for but the average range is $40 to $150 per successful lead.
Blogging
The key to a successful blogging technique in online business is to possess a specific skill. You must avoid being to general as this will not help set you apart from the others. Like selling a product, the more distinctive you are the easier people will recognize you. Photographic shots or IT inventions are examples.
