Carrie Wilkerson and P at Yanik Silver's event. Carrie won speaker of the year and donated the $10,000 check to 100X Missions.
As you know, I am the director of 100X Missions. Our mission is to rescue orphans worldwide from abuse and hunger.
One of our strongest supporters is Carrie Wilkerson. In additon to her regular gifts, you can se the photo to the left!
NOW HEAR THIS…
Her goal for this year is to donate $100,000 to the effort. Yep, six figures!!
Of course, the orphans would love for you to make that YOUR goal too! But first you’ve got to crank up your profits.
I love the following online business advice from Carrie. It’s so easy to rush for riches that tons of folks never settle on an actual business model. Here are the top five from Carrie. Reprinted with her permission…
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 groups 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?
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To hear the 5 in much more detail so you can make the best business decision for you then listen to Carrie’s Profit Explosion replay.
Success is NOT an Accident!
Paul
Carrie,
Thanks for the said insight into what a business model is – I could not have said it better myself. Carrie so many people do not know that they can change their business model at any said time and not have to go out of said business.
Again Carrie, thanks on a great said article.
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When I read Carrie’s post regarding business models it was a clarity point for me. It’s so important to know the purpose of your business venture. Even with an established business revisiting the business model allows you to refocus on the critical elements of your venture and stop “running around like a headless chicken not getting anywhere fast”.
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