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What is your Business Model?   by Carrie Wilkerson

Many individuals have wonderful intentions when they put all their hopes into a new online or offline business. However, the biggest mistake that many make is jumping in, full force without a business model in place.

The very first thing you must determine before diving into a new business venture is your business model.  What do I mean by business model?  You must determine what your business will focus on.  For example there are several business models to choose from.  Below are few:

• Affiliate Marketing
• Service Oriented
• Lead Generation
• Teaching/Training
• Informational Marketing

Many will go into business in hopes to reach an enormous market and simply burn out because they were never truly focused on their model.  Many of the above models can be used in conjunction with your main focus, but you must determine your main focus first.  Ask yourself what you are good at and move ahead from that point.  Sure you can dive into something completely new but why make it harder on yourself?

Once you have identified your business model, everything else will fall into place nicely.  Your next question will be who is your target market?  Who will you serve, who can you help and how?  Sure, those are many questions but very important ones when developing your business.  The answers will determine your path and once that path is determined you must remain focused to stay on that path.

Most importantly you must remember that you do NOT have to do this alone.  Learn from those who have come before you.  Join support groups or join forums with your target market or audience that will help support your goals and aspirations.  And the most important point I can stress to you is that you should have FUN, if you are not having fun, re-evaluation time is in order.

So, what is your business model?

About the Author

Carrie Wilkerson is the voice of experience. From corporate life to teaching high school to direct sales, she has ‘been there and done that’ professionally and personally. She’s now built several businesses and coached others to do the same. As ‘The Barefoot Executive’, Carrie and her network of experts have quickly become the definite resource for helping women achieve extra income and career goals while working from home. Visit http://www.theBossMovie for more information.

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