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Crash Course in Two Online Business Models for Writers

I am making two assumptions here. First, to do some marketing. Your magazine site
that you're a writer and second that you or sales site has to be something that
are at least vaguely or theoretically interests people. You need customers!
interested in making money as a writer If you choose advertising as your
online. So what do you do next? business model, you need to be sure there
It's important first to understand are advertisers in your niche. To be sure
business models. there are advertisers, you need to pick
So many writers are reluctant to think of site topics that relate well to something
writing as anything but a noble art. It's that people buy online. You could do a
really a business, or at least it can be. site about why you love Fred Astaire but
Remember this: artists starve and there are not that many advertisers with
business people get rich. Think of your Fred-Astaire-related merchandise. That
writing as a business. So think of your would be tough to market.
writing as a business if that's how you But you could do a site about air
want it to support you. purifiers and clean air and allergies.
Online, writers have two main ways to There would likely be dozens of
make money, with plenty of variations in advertisers for related products and
between. services and these are things that are
The first way is to build a blog or frequently sold online.
website and try to monetize it. The If you want to sell an information
easiest way to monetize a website is to product, such as an ebook, you need to be
think of your website as a magazine and sure that there are people who want that
sell advertising space. information. There are lots of ways to
It's basically the magazine model taken research this, but it basically involves
into cyberspace. Your website targets a supply and demand. Does anyone care about
specific demographic. Advertisers want to your topic? Here's a hint: if it's about
be where the customers are. In the print making money, dieting, self-improvement,
world, you would have to find investments, love and dating, home
advertisers, sell space, and then get improvement or spirituality, answer is
their art work (or help produce it for probably yes.
them) to get into print. The second step in both models is to get
Online publishing is way easier. You can traffic, that is, people coming to your
sign up with advertising programs through site(s). This is a whole subject unto
Google, Yahoo, or other services and just itself. There are several proven ways to
set aside some space on your website. The accomplish this and a few more unproven
search engine finds the appropriate ads, ways, but all of them are going to cost
plugs them in automatically, and pays you you something. You can get traffic by
when somebody clicks on them. It's as investing time or money or both. Are they
easy as it gets. tricks to getting traffic? You bet. But
Now I would be disingenuous to say that there's also a lot of plain old-fashioned
you can easily become a millionaire work.
overnight with this method. That's just Beyond that, you need to know the
the principle and there are a lot of mechanics of your online business
pitfalls. What I just described is the (building and maintaining a site) and
general business model. pricing.
Another way to make money online is to It's not easy, but it's not all that
sell something yourself. You can sell hard, either. But now for the really good
physical product, but you can also sell news.
digital products (ebooks) or membership If you decide to venture into this kind
to a website. In this case, you publish of business, you will be in complete
a book or sell a product; you market control of your business. You have no
yourself, get customers, sell product, censors, no editors, no review committee.
deliver product, and handle customer You don't have to change the wording to
service all online. please somebody else. You can write as
Those are the two main models. They much as you want. You can allow your
actually don't mix well. Here's why. If personality to shine through!
you go the magazine model, you have ads If you do this, you get to keep all of
on your site. You only get paid when the money. Now if you set up business
somebody clicks on the ad. You are deals where you buy services or have a
essentially trying to get people to click partner, obviously, you have to share
OFF your site. If you're selling with them. But you own the business and
something on that site, you don't want if it takes off, the profits are yours.
them to leave. While both of these models Last but not least, it's fun. You'll be
work and work quite well, don't mix them. on the cutting edge of a revolutionary
They don't work together. new way of writing for a living.
There are some pitfalls. First, you have




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