When you select a business model you want to make sure it fits with your ideal day as well.
Start with your ideal day.
Describe your ideal day – all of it. Get super specific and imagine this day with all five senses - what you're feeling, tasting, smelling, touching, and seeing as you go through your day. Take note and be mindful of your desired feelings.
Get specific about what you’re actually doing. Think about the conversations you’re having, the actions you’re taking, and the things you’re creating. Remember, this is a fantasy ideal day – it’s your story to write and can be as improbable as you can imagine.
Your business model selection is what determines what your income and your days will actually look like, but most people breeze right through this and don't take the time to understand how their business model and their ideal day match up.
In this episode, I'll share the 5 most common types of online business models and some pros and cons associated with each so you can decide how your ideal would fit into each option. Do NOT skip this step of business foundations, as building a business around the wrong business model will burn you out!
Types of Online Business Models
Service Based Business {Coaching, Consulting, Web Design, Graphic Design, & Copywriting, etc.} Digital Products / SaaS {Software as a Service} Product Based Business {ecommerce} Blogging {Advertising & Affiliate Sales} 3rd Party Sales {Amazon, Ebay, Etsy}* note this isn't an exhaustive list, but it's a great list to start with
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