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Source: Web Hosting Diary

A big question here: What are the big 6 online business model?

In online business, there are six most popular and profitable business model that you can follow. The six model are blogging, affiliate marketing, online network marketing, niche marketing, freelance services and internet marketing niche itself.

I will briefly explain each model and provide you some tips on what opportunities may be suitable for you and how you can strategize your way to build your income online so that you will be able to quit your job.

Today I will start with the first model, blogging. Blogging is one of the easiest models that someone can attempt. Almost anyone can become a blogger. Even those who can’t write can use the picture blog method or photoblog.

What are the strengths, weaknesses, opportunities and threat for this model? Read on…

Strengths: You can blog about anything you want! Focus on your passion and share your thoughts with the world. If you have great content, people will come to your blog and you can monetize through advertising or affiliate programs. The startup cost is only $9 for a domain name and it costs about $5-9 a month for the hosting to maintain this business model. You can even register some blog for free such as Blogger.com and WordPress.com.

Weaknesses: It may take a long time to build up traffic - an average person who blogs regularly but slowly may quit his or her job within one to two years. If you want to achieve freedom in half the time, you have to blog and network with other bloggers more aggresively.

Opportunities: You may not be able to see yourself making money at the start, but to offset that, you can blog for others (for a fee) or even sign up for Pay Per Post and get paid for blogging!

Threats: There is a blog born or created every Two Seconds. So you can imagine how much competition you are going up againts!

Recommended Resources:

1. You can register your domain with NameCheap.com. I registered all my domain with them and so far no complain. Tips: Google for “NameCheap Coupon” then you’ll get a discount for your domain.
2. As I mentioned, you need a hosting account to maintain this business model. If you’re just started in online business, I’d recommend HostGator.com. They provide excellent service and high response support.
3. If you can’t drive a decent traffic to your blog means you can’t generate money from your site. I’d recommend Atomic Blogging to discover how you can drive tons of traffic to your blog easily and start to make more money online.

OK! That’s all for blogging model. In the next update, I’ll discuss with you on the second business model, affiliate marketing. Affiliate marketing is one of the easiest and fastest way to make your first dollar online!