Week 11: Internet Business

THE 5 PILLARS OF ONLINE BUSINESS MODEL

1. BLOG

blogs are websites design for social interaction. Typically, its a way of communicating with an audience. It usually allows an individual to comment, share ideas, and communicate with the creator of the site. Blogs have the ability to generate income through software products, affiliate links, ebooks, educational material and other forms.

2. MEMBERSHIP SITE

Membership sites are usually paid monthly subscriptions that allow the person purchasing the membership to become part of a community, gain valuable information on a topic that they consider important, learn valuable skills through multimedia such as video, text, and images, and gain exclusive offers and promotions.

3. NICHE SITE

A niche site is a website designed to target a very specific market. Niche sites tend to gain most of their traffic through ranking well in search engines for specific keyword terms, and use short copy to communicate the importance of their product to try to convert their prospects into buyers and email subscribers. Niche sites can also generate a decent income from placing within the top 3 positions on search engines such as google and using Adsense and advertising to collect revenue through ppc advertising.

4. REVIEW SITE

Review sites are websites that post reviews about products and/or services to allow visitors to make better buying decisions for whatever they are trying to purchase. These sites offer detailed information about each product/service and list of pros and cons of each to help the buyer figure out which product/service works best for him or her.

5. E-COMMERCE SITE

E-commerce sites focus on buying and selling products through an electronic medium. These type of sites can produce large amounts of income, but tend to require the most work to build and maintain. Communication with buyers and sellers is vital, and gaining traffic and converting prospects into buyers also plays a primary role in e-commerce.

now that we understood the 5 pillars of an internet business model.... did the 3 giants incorporate these into their enterprises?