Have you ever heard a really bad business model? I mean someone comes up to you and says “Hey man I was wondering if you’d go into buying this van with me, there’s a snow cone machine in it and we can sell snow cones for like $5, and if we just sold 500 of them, we’d make like $2,500! We could even raise the price to $10 if it was really popular and make $5,000 for every 500 we sold!”

 

There’s always someone out there with a hair brained idea that you can tell won’t work out, but how do you keep from falling into that trap as well? Just because something “should” work, doesn’t mean it will, and I can point to many bad ideas that make lots of money...including cable television.

 

The beauty of the Internet is, its easy to change your business model. If you were to buy that dirty old van that makes snow cones, you are stuck selling snow cones. On the Internet you can change what you sell if you realize its not working out. The thought here is to get a central business plan that will work around different products or services if you had to change them out. The more options you have the higher likelihood you’ll succeed.

 

Believe in your product or service. Downloading a stolen version of Photoshop does not make you a web designer. Hearing from a friend a vitamin supplement worked for them does not make you a doctor or dietitian. Know how your product or service works, exploit every possible good property of it, and diminish anything negative. Make sure you have an answer to every question someone could have about your product, and then give it to them on your site.

 

Once you have a product or service you believe in, you have a business model that works across several different products or services if need be, you have the two pieces that will all but guarantee your business’ success. If you’re a member of Site Source 101 you have already learned free ways to have a Internet business, if you’re serious about making money, you have to be serious about spending (a little bit) up front.