There are many different ways a creative business owner can increase their income. As creative people we think we have to start from the beginning but instead of trying to reinvent the wheel, there are easier ways to accomplish making money online. All you have to do and replicate a model that's already proven to generate income.
Here are five such Business Models for Creative Entrepreneurs.
#1- The Informational Website
The informational website is based on giving away free information and products. It’s primary source of income is AdSense, advertising and affiliate product sales. For example, if you were to start a small website on knitting, and write around about 50 articles on various knitting tips and techniques and populated it with AdSense ads, you’d very likely get decent traffic as well as make a decent amount of money. Actually for physical products, the commission is usually between 5% and 20%. For digital products, the commission is usually between 50% and 75%.
#2 - Infoproduct Marketing
Infoproduct marketing is when you’re selling products that teach people how to do things. This one can be super easy for creative entrepreneurs. I believe we teach in our sleeps. Your infoproducts can be anything from “How to Create a Professional Logo ” to “How to Take Photos of Your Artwork” to “How to Increase Art Sales on Etsy.” The possibilities are endless.
You need three primary skills to succeed in information marketing:
1) The ability to bring traffic to your website.
2) The ability to create good content in a specific area.
3) The ability to convince people online that your infoproduct is a good investment that will help them solve their problem.
Once you have these three skills, you’ll be able to produce many profitable infoproducts.
#3 -Services: Charging for your time.
You could easily charge others for coaching and consulting. Helping people solve their problems is a growing trend that we can jump on today. You can either meet with people one-on-one or in a small group. You could even take this business model to another level by teaching and speaking about what you do so well.
#4 - Membership site
Charge others to have access to an online community or to have access to tips and techniques. This is a recurring payment system that will ensure that you will have money deposited into your account monthly.
#5 Joint Ventures
Any the above online business models would work with a joint venture. This online business model requires you to collaborate with someone else on promoting a product or service. The benefit is - that all involved in the joint venture will sharing the efforts of selling the product or services, the profits and possibly new customers.
There you have it – Five different online business models for creative entrepreneurs with a proven history of success. Just pick the one that sounds most actionable to you now and get started today!
Learn more about 2012's Top Creative Business Trends...
From Have It Your Way, To Make it Your Way, To Go Your Own Way –
The Top 10 Creative Business Trends for 2012 will be reviewed in January's Starting Points for Creative Entrepreneurs monthly webinar. Register Today for this Free webinar and Discovery game changing creative business trends that will make you think bigger and bolder!
