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Crash Course in Two Online Business Models for Writers

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



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