3 Online Business Models You Can Do

Building a business online is certainly no different from building a business offline. It's just that by going online, the reach to consumers will be easier and the growth of the business will be faster.

Before building a business online, you must understand one thing that every business needs to plan about the business in the future or called a Business Plan, the goal is to build a business to be clearer and directed.

Most businesses that fail are because they do not have a mature business plan or directly build a business without doing market research and analysis.

Almost every day there is always a business built online. But almost every day, there are also businesses that fail and close.

There are 3 online business models that are able to grow rapidly :

1. Business Model: eCommerce/Online Store

This first business model is the fastest earning and easiest to develop business model (as long as the marketing strategy and business strategy are right).

If you want to be researched, Indonesia has many online stores located throughout the Indonesian archipelago. Starting from those belonging to individuals to those who already have the legality of business.

eCommerce/Online store is also an option for beginners who want to get involved in building a business or running an online business. Why?. Because it is not limited by abilities or skills and is not limited by the necessity to create your own online store.

2. Business Mode: Online Advertising

This second business model is a business model that has actually existed since the first dot com boom era. This business model is run by several online news media in Indonesia.

Online Advertising is usually found on personal blogs in the form of product ads, the parameter is the amount of traffic of your blog. The payout you receive is measured by the number of clicks that occur

3. Business Model: Marketplace

The marketplace business model is a flexible business model. Why?. Because in addition to bringing together both parties between sellers and buyers, you can also offer several ways to generate income, namely with Online Advertising, fee pay per sell system or membership fee.

5 examples of marketplace business models that can be used as a study case are Tokopedia.com, Rumah123.com, Otopedia.com, Indonetwork.co.id and TokoBagus.com.

If you've decided to jump into building a business online, then it's time for you to define the business model you want to run and create your business plan.

Hopefully my article about "3 Online Business Models That Are Able to Grow Fast" can provide ideas and useful.