Best Online Business that will Guarantee financial freedom
Some businesses fail for many reasons. You must know this fact. Let me say few things that usually lead to Business failure.
I. The individual that is going into the business. First place success starts is in the mind. Think and Grow Rich go and read this book. As a man thinks in his heart so is he says the Bible.
The prodigal son in the Bible was guilty of this. Money to some extent doesn't make someone rich. Every successful person MUST MASTER HOW TO conquer self sabotage first before he becomes physically successful. Literature has enough evidenceto prove this point.
2. Intrapreneurship factors. This is a opposite of Entrepreneurship. It simply means Entrepreneurs found in another person's Business. It is not their own but they promote or work in another person's Business. If the business fails everybody goes down with the business. Many of us are found in this category. If you are an affiliate, network marketer, sales rep, etc. When a business is not owned by you if the business fails you are likely to fail with the business;Local or foreign alike. If the business becomes successful you will also be successful too.
3. Different types of business models.
I. Peer to peer business model.
ii. Network marketing business model
iii. Affiliate marketing models
IV. Franchise business model.
Let me say my OWN OPINION. It is my own view. Peer to peer has the highest tendency to fail at shortest time. It can fail the next day. Its life expectancy is highly poor. The law of diminishing returns makes it inevitable to fail. For example, 2 to 2 matrix. 2 needs 4 Persons to sustain it. 4 needs 8. 8 needs 16. It continues until it gets to a point that the number that is needed to sustain it is no longer attainable. The diminishing returns will set in. At this point, no amount of prayer, fasting, money, Knowledge, connection, popularity can sustain it. It Must fail. This was what I discovered about peer to peer business model. Please do your own research and find out about this type of business model.
2. Network marketing business model. It is one of the best business models that has ever been created. It has its own weaknesses.
Poorly designed MLM, leaves the first set of people to join to get richer forever. Immediately you are positioned, others will be working hard and you will be enjoying. You need to pay the price to get on top before you can enjoy this level of success. Even if the network fails you would have amassed wealth before it will happen. So, those that will join later will not make sure fortune. MLM has tendency to last for years or decades before it can fail especially ones that are designed to last long.
Affiliate marketing model.
We have low ticket Affiliate program and high Ticket Affiliate program.
Any Affiliate program that pays you only once when you bring a customer. After that they continue to sell to the same Customer without paying back end commission is low ticket Affiliate program. You go and get Customers. You get one time payment. You go back again get Customers and still earn once if the cost of ADVERTISING is bigger than what you are being paid, you will definitely fail. The customer is not tied to you. This type of Affiliate program sell cheap cheap products.
High Ticket Affiliate program, this is Mobe type of Affiliate program. Where Customers you introduce are tied to you for life. Every thing they buy from the company you get paid. After all you are the person that brought the customer in in the first place. The pay is also high. It is premium products. One sale can cover the whole sales in one year in low ticket Affiliate program. Affiliate program generally does not die easily but its affiliates can burnout and leave. The Affiliate continues while the Affiliate person's Business has failed.
Franchise. This is the easiest to survive. You run on the wing of successful business because of its trademarks, wide acceptance, proven system and success track record. The major challenge here is the volume of capital that is required to start. It takes big money to go into franchise. But failure is two difficult to happen. You will be trained and you will be supported to succeed. To learn more about business models, the best model you can use to be successful online business I recommend you get this Ebook
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