The Most Profitable Website Businesses Of The 21st Century
1. The fist website type is the Large Corporate Website that sell a product or products
- These types of website businesses make up only about 2% of websites you see on the world wide web. These would include websites like walmart.com, apple.com, and amazon.com. Many small business owners have the misconception that in order to be successful as a website business owner, you must compete with these conglomerate giants. Trying to compete directly with large websites is actually the fastest way to "fail" with owning your own website business. It would cost trillions of dollars to try to compete with the branding and advertising that has been done to become established like the large corporate websites. The smartest alternative that a small business owner can do is to not try to beat or compete against these giants, but to instead "join them" and become a "paid representative" by selling their products! By following this advice, you will have zero over head costs and zero risk when you own a business that works "with" these types of already established websites instead of working "against them". This will begin to make more sense as you read through this article.2. The second type of website business is called a Service Website Business - This type of website includes advertising your own service business that you do. An example of these types of websites might include professionals who advertise themselves as a therapist, a lawyer, a web designer, a dog groomer, or a mechanic. Most service website businesses do not compete directly against the large corporate websites, which is a plus. However, most service websites do not offer products for sale, so instead the service website business becomes nothing more than an advertising venue for the service person to get more exposure, and to provide an address so their local customers can find them easier. The one thing that is lacking from owning this type of website is its ability to generate revenue directly because it lacks the e-commerce capabilities.
3. Drop Shipping Website Business - This was a popular choice in the 90's before the .com bubble burst. Those who invested in this type of website business became bankrupt very quick. How this worked was people bought products at wholesale prices from a wholesale dealer and then tried to resell those same products on their website at higher prices to earn a profit. It seems easy, because the wholesale supplier even agreed to ship the products directly to the customers on behalf of the website business owner, so the website business owner didn't even need to handle the inventory and ship the products themselves. For example, the website owner would receive a purchase for a grandfather clock for $1000. The website owner would contact their supplier who sells that same grandfather clock for $975. Then the wholesaler would ship the product to their customer. The website owner keeps the profit of $25. What seemed easy could quickly become a nightmare. What often happened was the wholesaler would be out of that particular product and the website owner wouldn't be notified for a day or two until after the customer had already paid for it. So, sadly the website owner would have to refund the customer their money and let them know that the product they ordered was no longer available. Even worse, these wholesale companies were selling their same clocks as retailers for less cost on places like eBay.com. And once the general public discovered that they can get the same clock for $975 on eBay, then dropshipping websites quickly either became bankrupt or no longer existed.
4. Commission-Based websites - These are called Affiliate Website Businesses - This type of website business has proven to be the most profitable and the most successful for small business owners above any other type of website business that you can own. This type also makes up for the largest number of websites on the world wide web. More affiliate-based websites exist and are purchased by small business owners than any other type, so there must be something really great about these types of websites or people would not continue to invest in them. These type of websites utilize revenue earnings from Google Adsenes, Amazon, commission junction and giant companies that pay out billions in commissions to their affiliates every month. There is tremendous money made with owning this type of website. When owning this type of website you are not "competing against" the corporate giants, but instead you are "working with" them. When products or services are sold through your website, these corporate giants pay you a generous commission. There is a tracking ID within the website owner's HTML code that links to a complex database system for affiliate partners, which allows the business owner to generate money instantly for clicks and sales that occur on the website. There are virtually no overhead costs with owning this type of website and there is literally no risk either. Unlike owning any of the other 3 businesses described above, the affiliate website business is the only business that is maintenance-free and still makes money.
The other benefit is that this type of website works "with" an already established product brand rather than working in "competition against". When your customers see that you are affiliated with Amazon, Google Adsense, eBay, and other recognizable websites, your website will be viewed as more favorable by your customers, simply because you are utilizing an already-established brand of products. The benefit is that you have all the credibility that the large corporate website businesses have already established, and yet you don't have the high-cost of trying to "brand your own business through expensive advertising". Your website is already a welcome addition to the world wide website if you own an affiliate-based website. All you got to do is just own one of these, and the profit you earn will be the proof that it is the best type of website business you can own in the 21st century. http://www.abcdesignstudio.com
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