| Jul. 07 2006 at 5:39 PM |
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The interesting thing these days is that there are more testing grounds for business prototypes than just eBay. Other auction websites have sprung up with a sizeable buyer base and respectability including eBay's new acquisition, Half.com which is meant to counter Amazon - which has its own interesting and resourceful method for entrepreneurs and interested sellers.
The seller system is fixed-price and resembles more of an actual e-commerce site even if it's on Amazon. Although the margins are slimmer, sales are more regular and one incurs no fees for listings that are not successful.
"Forget inspirational quotes to keep you going. If by doing what you do, you get an hour every day to relax, be with the ones you love in comfort without doing wrong, then it is all worth it." -Anon.
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| Jul. 11 2006 at 3:08 PM |
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Informational Ebook Products are big also. It's not uncommon to make tens of thousands of dollars a month from having others resell your products.
How it works:
1. You write an Ebook (with Ebook Writing software)
2. You post it on the Internet
3. Other people sell it and you split the money
4. A 3rd party handles all the money. You get a check twice a month.
Great Resources for this:
http://www.clickbank.com (Ebook Marketplace)
http://www.andrewanddaryl.com/
Anderw and Daryl are a great example. It's a simple concept, but of course it's not easy.
Bryan C. Fleming
http://www.BryanCFleming.com
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| Oct. 16 2006 at 4:21 PM |
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| Oct. 18 2006 at 7:20 PM |
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Business Model's are great buzz words...however I have found that several of my clients have gotten caught up with the fact that they have the "next" great business model. Not remembering that anyone can copy it. McDonalds had a great business model but they couldn't keep the other 10,000 fast food competitors from opening up....they had to keep doing it better and provided great service for a low price. Which should be in everyone profit model....
Erik
www.usspin.com
www.unitedbusinessalliance.com
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| Oct. 20 2006 at 12:41 AM |
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One of the things that I've found, is that you may have to be ready to change your business model. We were sure that we could produce our product, and wholesale it to local vendors. As it turned out, not many of them were interested. Some were, some weren't. So we had to look into other ways to distribute the product, such as an online presence, or retailing it ourselves. We're still trying to determine the best option, but flexibility on this point (like most points, I suspect) is very helpful.
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| Oct. 20 2006 at 4:00 PM |
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A business model, as any entrepreneur agrees, forms such a core concept in visualizing and articulating your business concept, vision, strategy and growth.
Also, as your business takes shape and manifests into reality, do visit your business model on a regular basis and add to your vision and fine tune it..This is an ongoing process.
Thanks!
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| Oct. 20 2006 at 6:50 PM |
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Business model. I teach young entrepreneurs that your business model resides within. "You are your business model" takes them from the old school paradigm of thinking the answer is out there somewhere to committed diligent inner work.
How does your business model show up? Well, ask yourself what are you interested in naturally, what gets you out of bed, where are you limited/ stuck/ frightened? Chat with a trusted friend (we call it a "wisdom partner") and mastermind your strengths, your doofusness, your passions and your gift. Write it all down and you have the 'raw material' for a business plan that you can then message with an available template. Don't let the idea of "BUSINESS MODEL" stop your creative process. If you focus on it, it will reveal itself, at least in essence.
Stephen W. Frueh M.Div, PhD
Consultant, coach, speaker, writer. Leadership
Stephen W. Frueh PhD, The Marriage Doc.
stephen@withtheserings.com
805 338 4286
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| Oct. 22 2006 at 11:52 PM |
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One thing to note is that the typical entreneur may mold their model from one to the next changing their business dynamic based on external factors. It would not be uncommon for an entrepreneur to step through at least 5 different models. As long as you stick to what your good at and you put customers first you will do well (provided you have a good product).
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