5 Major Roles Of Entrepreneurs In The Society

You are about to read the 5 major role of entrepreneur and their impacts on society. No doubt, entrepreneurship is the hub in the wheel of developmental process of any country. This is why governments at various levels are contributing towards the promotion of entrepreneurship in their society.

This well-detailed post has been written on the role of entrepreneur in the society and has been compiled to help you understand  the role of entrepreneur easily and fast. Although, there are five (5) basic ways through which the society feel the impact of entrepreneurs. Check it out! 👇
5 Roles of Entrepreneurs in The society

1. SPONSORSHIP

Most business people sponsor at least one candidate for higher education, especially a child in an orphanage. In short, many orphanage homes are backed up by these business people. The scholarship is given to a poor student for him or her to make available better educational opportunities.

2. DONATIONS

Here is one of the reasons why entrepreneurs are so important to society. Let's look at this aspect, a businessman or woman may decide to donate car or a lot of money for charity purposes. From their earnings, they would like to assist the less privileged and also improve their standard of living.

3. ADVISERS TO RESPECTIVE GOVERNMENT

More often than not, the government seeks the advice of successful citizens on some social and economic activities. Business is important for the growth & development of a nation. Thus, a successful business person is an asset to the society. He or she can contribute to the wellbeing of a society in diverse ways that improve the living conditions of the people.

4. CHARITABLE INSTITUTIONS

A businessman or woman sets up various educational, medical, business related courses & vocational training institutions to provide the less privileged with benefits that they cannot afford. In some cases, the fees may be less or forgone in the case of a meritorious student. Even hospitals are also run by these charitable institutions. Entrepreneurs help in training and development of manpower needed by the society.

5. WELFARE PROGRAMS

Business owners financially contribute to various welfare programs. Some of which include: helping the physically handicapped, orphans, widows e.t.c

In times of crisis, they help by donating items such as clothes, medicine, roof, cooking utensils and others.

Apart from their contributions to the economic growth and development of the economy, entrepreneurs also help in creating job opportunities for the teeming population of any country.

That's all. I have just explained all you need to know about the role of entrepreneur. Hopefully, you found it valuable and will no longer ask questions like: “what is the role of an entrepreneur”, “what is the role of entrepreneur in business or economy”.

11 Simple Steps To An Effective Business planning Strategies

A well-written business plan can help maximize potentials and minimize overheads, liabilities, and risks associated with any proposed business venture. It also shows exactly what revenues are expected and when to expect them, what overheads and expenses will need to be paid and exactly when they will be due.

What Is Business plan and How Does It Work? 

A business plan is designed to plan in advance how a proposed business will be started, implemented and managed. In short, it is a working blueprint of the entire operation of the business. It contains all that the feasibility study has in addition to specific deadlines, detailed budgets with monthly and seasonal forecasts, letters of intent, resumes of staff, background, competition, strengths and weaknesses, worksheets and full notations, appendix and all related and required documents that will be referenced as the business is being developed.

Best Studies To Writing a Good Business Plan

In order to write a good business plan, here are some guidelines that can be of help:

• Keep the plan short, focused and readable;
• Consult as widely as possible;
• Solicit help from appropriate sources such as accounts or bankers or management consultants;
• Point out the obvious benefits of the product or service;
• Address fully any possible bones of contention;
• Outline the qualities and skills of the management team;
• Do not make assumptions on behalf of the readers;
• Do not be too optimistic in estimating income potential;
• Avoid use of long words, technical jargons, or over complicated sentences;
• Highlight critical risks and success factors peculiar to the business;
• Identify the target market;
• Keep the plan written in the third person. Use “he”, “they”, or “them”, instead of “I”, “We”, and “Us”.

11 Simple And Well Detailed Steps In Writing A Business Plan (2018)

As a general rule, a business plan should be about 25 to 30 pages, focusing strongly on the management and financial elements of the business. Note that the executive summary should not exceed two pages, normally, written last but appears first in the final plan. Below are the 11 easiest steps involved in writing a business plan:

#1. Set The Context

Here, you are to describe the background of the business, product, or service and a brief history of the organization; who the customers are;  past performance of the organization (if the organization is an existing one); and any key factors that might dictate the success of the business.

#2. Define Business Objectives

Here, you are to develop a list of short-term, medium-term and long-term objectives. Note that measurability and deadlines are very important.

#3. Perform A Market Analysis

You are to persuade or convince the reader or investor that the product or service will secure a substantial market. Your market analysis should include: a description of the overall market and the specific market targeted; detailed information on current and proposed customers; names of leading competitors, market share, and alternative products or services; and of course, market influences, which include economic trends, seasonal fluctuations, legislation and social factors. Your target market is and the changes that may affect the market.

#4. Propose Your Approach to Marketing (The marketing plan)

Here, you are to describe your strategy and it should cover the following:

1. The image of the organization you wish to convey;
2. Your product positioning;
3. The key features of the product that differentiate it from others; 
4. The four Ps of marketing.

#5. Describe Your Plans for Development and Production (The operations plan)

You are to touch on all aspects of researching, developing, producing, and delivering your product or service. You to describe the research, development, and production processes with the expected cost of raw materials, labor, and plant and equipment. It should also include a contingency plan for possible scenarios that might disrupt your Operations.

#6. Clarify The Current Financial Situation (The Financial plan) 

Here, you are to state exactly what is required of investors and lenders. The financial plan should contain data documenting of past, present, and projected performances, which should include startup costs, profit and loss statements (income statements), cash flow analysis, and balance sheets.

Repayment of the principal plus the interest will be of key interest to investors and lenders, so include break-even projections. It is also important to demonstrate how sound financial control will be exercised over borrowed and incoming funds.

#7. Demonstrate That The Management is Committed And Capable

You are to convince investor and lenders of your strengths and skills. An organization chart that shows the management capabilities, as well as responsibilities, should be presented. If there are weaknesses, you to indicate how you propose to deal with them.

#8. Describe The Ownership Of The Organisation

An investor or lender will need to know the owners of the structure of the organization, whether it a sole proprietorship, a partnership or a limited liability company. You are to show how much investment has been made and by whom.

#9. Discuss Critical Success And Risk Factor

You are to present critical risks and problems. Do not omit actual and potentially negative factors. Also, provide a self-account of critical success factors.

#10. Conclude On A Positive Note

You are to summarise the key features such as strategic directions, strengths and unique benefits, realistic projected sales and returns. Also, include a proposed timetable of events to demonstrate sound planning. In conclusion, write a strong conclusion that leaves the reader with a positive and lasting impression.

#11. Provide An Executive Summary

An executive summary is usually written last but it appears first in the final plan. It should include the unique features of product or service; the short-term, medium-term and long-term objectives of the organization; the benefits that the product or service offer to the target market; the qualities and skills of the people who will make things happen; a financial statement of assets, sales, and profit expectations and how much capital is required; and as a conclusion, a statement of return for the investors.

Format Of A Typical Business Plan 

Find below the format for writing a good business plan (business plan examples):

#Title Page 

#Table of contents 

#Executive summary: Usually written last

#Business Description 
• General background
• Mission
• Key success factors

#Marketing Plan 
• Marketing research and analysis
• Target market
• Market size and potential market share
• Competition
• Marketing strategy

#Management Plan
• Management team - Key personnel
• Ownership/organization structure

#Location 
#Operation plan

#Financial Plan
• Financial forecasting
• Profit and loss
• Cash flow
• Break-even analysis

#Financial risks and success factors 

Now you know how to easily write a great business plan step by step without sweat and move your business from zero to hero.

Share it with friends on Social Media and have a great time. If you have questions, feel free to drop.

10 Precious Tips To Help You Get Better At SWOT Analysis

SWOT Analysis – Today, I will demonstrate to you precisely the standard ways to conduct a SWOT Analysis, one of the Best strategy tools. Check out details below to see very much point by point and characterized instructional guide on the most proficient method to performe a SWOT analysis for team, business, or a company.

I’m sure there’s no need to waste time persuading you that SWOT analysis is one of the highest return business activities that are essential for your marketing success, either medium or large scale business.

Business success relies heavily on the SWOT analysis you choose to practice and thus, many people often end up conducting the wrong SWOT analysis technique for their business.

If you are reading this post and are looking for easiest way to do a SWOT analysis; no more worries! 
At the end of this post, you should be able to:

• Define SWOT analysis (SWOT analysis definition);
• Understand  the advantages and disadvantages of SWOT analysis;
• Know the examples of likely strengths, weaknesses, opportunities, and threats;
• Understand the steps involved in conducting SWOT analysis.

Today, in this post, I'll show you how to do a SWOT Analysis in the simplest way and get the best of it.
Let’s get started!

What is SWOT Analysis?

SWOT is an acronym which stands for Strengths, Weaknesses, Opportunities, and Threats.

Strengths are internal positive attributes or factors that are helpful in achieving business or factors that are harmful to achieving business or organizational objectives or goals.

Weaknesses and Opportunities are also internal negative attributes or factors that are harmful to achieving business or organizational objectives or goals.

Threats are also external positive factors or conditions which could pose challenges to achieving business or organizational objectives or goals.

Strengths and weaknesses are within the control of the organization while opportunities and threats are beyond the control of the organization.

The following are the likely examples of strengths, weaknesses, opportunities, and threats of a typical business organization ( SWOT Analysis Examples).

#1 - Examples of Strengths

• Your marketing expertise;
• A new innovative product or service;
• The strategic location of your business;
• Customer loyalty;
• Staff development and training programme;
• Quality process and procedures;
• Capital investment and a strong balance sheet;
• Friendly, cooperative, and supportive staff; 
• Appropriate levels of involvement through delegation and trust;
• Effective cost control programme; 
• Efficient procedures, systems, and well developed social responsibility;
• Well trained staff;
• A well-developed business network that ensures that you and your products are well known.

#2 - Examples of Weaknesses

• Poor quality goods and services;
• Damaged reputation;
• Lack of marketing expertise;
• Bad location;
• Staff absenteeism;
• The absence of methods for monitoring success or failure;
• Lack of awareness of the business vision, mission, objectives, and policies; 
• Noncompliance with or non-awareness of appropriate legislation; 
• Poor competitiveness and higher prices;
• A declining market for the product;
• Lack of new products or services;
• Out of date plant and equipment;
• Weak managerial skills,
• Poorly trained staff;
• Inadequate working capital;
• Insufficient space for expansion to meet demand;
• Lack of new products to meet the customers' demand.

#3 - Examples of Opportunities 

• Availability of new technology;
• New markets; 
• An aging population;
• Changes in interest rates:
• A new programme for training and monitoring quality;
• Strengths and weaknesses of competitors; 
• A new international market;
• Moving into new market segments that offer improved profits;
• A market vacated by an ineffective competitor;
• The arrival of a large company in your area that uses goods or services like those you supply;
• Recent legislation generating an increasing need for your goods or services;
• Changing consumer tastes that favor items that are, or could be, strongly represented in your product range.

#4 - Examples of Threats

• A new entrant into the market;
• Price wars with competitors;
• A competitor that has a new innovative product or service;
• Competitors have superior access to channels of distribution;
• Introduction of taxation on your product or service; 
• The level of unemployment;
• Environmental legislation;
• Political instability;
• Increase interest rates; 
• Exchange rate fluctuations;
• Economic recession;
• Higher price for raw or finished materials or for services that you buy;
• Legislation imposing new obligations or restrictions.

Note that what may represent strengths with respect to one organization may be regarded as weaknesses by another organization. Likewise, what may pose challenges to one organization may be seen as opportunities by another organization.

SWOT analysis is a useful instrument which helps entrepreneurs to identify internal strengths and weaknesses of a business and external opportunities and threats facing it.

It's a general technique that can find applications across diverse management functions and activities, but it is part appropriate to the early stages of strategic and marketing planning. Performing SWOT analysis involved identifying and recording the Strengths, Weaknesses, Opportunities, and Threats concerning a particular business or organization.

The analysis takes into consideration internal resources and capabilities (strengths and weaknesses) and factors external to the business or organization (opportunities and threats).

The aim of any SWOT analysis is to identify the key internal and external factors that are important to achieving the organizational objectives. SWOT Analysis conducted based on the assumption that an effective strategy helps maximize the strengths and opportunities of a business and maximizes its weaknesses and strengths.

Entrepreneurs should try as much as possible to match strengths to opportunities and see threats as challenges.

However, entrepreneurs should understand that all factors in a SWOT analysis do not have the same value.

Some factors are unique to a particular kind of business. The aim of SWOT analysis is, therefore, to identify those critical factors that can have a significant impact on the business. Entrepreneurs can then build on vital strengths; correct obvious Weaknesses; exploit significant opportunities and avoid potentially disastrous threats.

SWOT analysis is used within an organization in the early stages of strategic and marketing planning. It also used in problem-solving decision making, or for making staff aware of the need for change. It can be used at a personal level when examining your career path or determining possible career development.

ONE of the way we can utilizes SWOT is by MATCHING and CONVERTING.

matching is used to find competitive advantages by matching the strengths to opportunities while converting is to apply conversion strategies to convert threats or weaknesses into strengths and opportunities.

An example of conversion strategy to find a new market for your product or service, but if the threats or weaknesses cannot be converted, the best alternative is to minimize or avoid them.

NOTE:In applying SWOT analysis, entrepreneurs should ask and be able to answer the following questions:

1. How can I use or capitalize on each strength? 
2. How can I improve each weakness? 
3. How can I exploit and benefit from each opportunity?
4. How I mitigate each threat?

Simplest Guides To Conducting A Good SWOT Analysis

The following guidelines are to guide entrepreneurs (businessmen) when conducting SWOT analysis:

• Take wide-ranging views of external influence or trends;
• Be realistic about the strengths and weaknesses of your business organization;
• Swot analysis should distinguish between where your organization is today and where it wants to be in the future;
• Keep your SWOT analysis short and simple;
• SWOT analysis should be analytical and specific - avoid grey areas; 
• Choose the right people for the exercise;
• Select appropriate leader or facilitator;
• Use SWOT analysis as a guide and not as a prescription.

Important Notice!
Remember that any form of SWOT analysis is better carried out by a team of experts which may include an account, a salesperson, an engineer, and ombudsman.

8 Quick Tips Regarding SWOT Analysis

If you are looking for an easy and fast way to Do a SWOT Analysis for your business or team, STAY on this page because I am going to show you exactly how to do it!

The following are the 8 simple steps involved in conducting SWOT analysis:

Step #1: Set the objectives

The purpose of conducting a swot analysis must be clearly defined. It may be wide or narrow, general or specific. What is important is that you must be clear about what you are doing and why you are doing it. 

Step #2: Selecting appropriate contributors

This is important if final recommendations are to result from consultation and discussion, not just personal views, however, expert. The contributors may be a group of experts selected from different disciplines or levels of the organization.

Step #3: Allocate research and information -gathering tasks

Background preparation is a vital stage for the subsequent analysis to be effective and should be divided among the SWOT analysis participants. This preparation can be conducted in two stages; exploratory, followed by data collection; and detailed, followed by a focused analysis.

• Gathering information on strengths and weaknesses should focus on the internal factors of skills, resources, and assets, or the lack of them.
• Gathering information on opportunities and threats should focus on external factors such as social, market, economic or technological trends over which you have a title or no control.

Step #4: Create a workshop environment

In compelling and recording the SWOT analysis lists takes place in meetings, exploit the benefits of workshop sessions. Encourage an atmosphere conducive to the uninhibited flow of information and to participants openly expressing what they think, free from blame.

The leader/facilitator has a key role here and should allow time for free flow of thought, but not too much. Half an hour is often enough to spend on strengths, for example, before moving on. It's important to be specific, evaluative, and analytical at the stage of compiling and recording the SWOT lists --- mere description is not enough.

Step #5: List Strengths

Strengths can relate to the organization, to the environment, to the public relations and perceptions, to market share, or to people.

Step #6: List Weaknesses

This session should not be an avenue to criticise the business or organization but should elicit an honest appraisal of the way things are. Below are some key questions you put into consideration:

1. What obstacles prevent progress? 
2. Which elements need strengthening?
3. Where are the complaints coming from? 
4. Are there any real weak links in the chain?

You also note that it's not unusual for “people” problems like poor communication, bad leadership, lack of motivation, too little delegation, no trust, the left hand not knowing what the right is doing, etc to feature among the major weaknesses.

Step #7: List Opportunities

This step is designed to assess the environmental factors, to evaluate the benefits that they may bring to the organization. Also, bear in mind how long opportunities might last and how the organization may take the best advantage them.

Step #8: Act on your findings

Make sure that the SWOT analysis is used in subsequent planning. Also, revisit your findings at appropriate intervals to check that they are still valid.

Now, let's have a look at some advantages and disadvantages of SWOT analysis below.

Advantages of SWOT analysis 

1. SWOT analysis enables the organization to spot business opportunities and exploit them fully; 
2. It encourages the development of strategic thinking;
3. It enables the organization to anticipate future business threats and take action to avoid minimize their impact;
4. It enables the organization to focus on strengths and build opportunities.

Disadvantages of SWOT analysis

1. SWOT analysis is consuming;
2. It lacks detailed structured, which makes it easy to miss the key elements.
3. That data used in the analysis may be based on assumptions that may subsequently prove unfounded (good or bad).
4. The space of changes makes it difficult to anticipate developments that may affect the organization in the future;
5. It needs to be conducted regularly, which makes it difficult.

Wrapping It Up

This SWOT Analysis checklist is crucial for you to do your stuff!

The above details are all you need to know in order to do a SWOT Analysis fast and easily for your business, team or a company to uncover opportunities, understand the weaknesses of your business, and find a way to manage and eliminate threats that would perhaps  catch you unawares.

Did you enjoy this post? Do not forget to share with friends.

Short Story: The Truth About Shopping Habits [Must Read]

Over time, ethics, and culture in shopping habits have kept on increasing with respect to society and the economy. In some developing countries, due to the absence of efficient credit and insurance markets, savings are a crucial determinant of an entrepreneurial growth. Despite the many benefits accrued to savings, some entrepreneurs have been considered not to save enough because of their shopping habits.


Many entrepreneurs often do not seem to understand how or why they should save and this is particularly the case of small-scale entrepreneurs in society.

A greater amount of them have no savings at all. Those of them that save maintain only short-term thrift collection which can only be used to finance day to day needs. It is pertinent to mention that poverty does explain the shopping habit among the small income group.

The explanation lies in the lack of financial education in the society as a whole reinforced by inadequate incentives to save.

Given the many benefits (both to the individual and to society as a whole) that savings can bring, there must be serious reasons why people do not save enough rather they use whatever they have for shopping (buying liabilities more than assets).

The following are some of the factors that may be responsible for shopping rather than saving.

#1 - Many people feel that the risks and difficulties of saving outweigh the risks and difficulties of not saving, therefore, they use their income on shopping.

#2 - People often do not seem to understand how and why they should save when their income barely solves their immediate problem.

#3 - Lack of confidence in financial institutions. The distress in the financial sector has discouraged most of the entrepreneurs from saving so they spend most of their income on shopping.

#4 - High independence of poverty and how nominal disposal income because of the unfavorable economic environment characterized by high unemployment and inflation. In essence, the little income will be used for shopping.

#5 - Most entrepreneurs do not even possess the necessary identification requirement to open an account. This encourages shopping.

#6 - the Considerable number of entrepreneurs find saving to be boring and difficult hence they do not want to pay for financial advice.

“More than half of the consumers surveyed stated it was important to establish a personal relationship with a sales associate whether online or in-store.”

Final Thought About Online Shopping Habits

I hope you have a good time reading the topic of Consumer shopping habits? Have a wonderful day ahead!

Business Web Design Tips from Online Casinos

As essential components of modern online business, the intricacies of websites and online design are vast and complex. Even for those familiar with the basics of web design, constant shifting online attitudes and trends can make maintaining online services a road seemingly without end.

Rather than try to reinvent the wheel, a great way to find success in this world can be by learning from other, established online industries. Using the example of online casinos, we want to delve into what popular web design lessons might be translated to your business, both instantly, and going forward into the new decade.

Source: Pixabay

Intelligent Layout

The most fundamental step in developing a website is to design a mock-up, and in a workable form, if possible. This portion of the process is often overlooked by overzealous beginners making websites, but it can also be a problem when turning to paid web-designers. Exterior website designers, while generally offering a high base level of skill, will never be as knowledgeable about an industry as you are, as noted by Techfunnel. Understanding and working with this limitation should always be in your mind throughout the process. For a demonstration of a well-considered layout, we could use the online casino website Paddy Power. As a long-time name in the online casino world, Paddy Power knows that displaying a vast amount of choice is key. Because of this, every major component of their service is viewable right from the main page, either on desktop or mobile connections. Slots, blackjack, bonuses, table games, and even links to different betting types on the top bar, everything here is clear and boldly stated.

Source: Pixabay

Features First

While it will be important to show all of a business's main features as obviously as possible, you should also remember the differing levels of importance which arise across different industries. On an online casino website, some aspects are well understood, and others require greater illumination.

To elaborate, everybody knows what the basic forms of blackjack and roulette look like, so these don't necessarily need to be displayed up-front. On the other hand, modern online slots see success through an enormously varied range of themes and striking graphics. The attractive design makes them a perfect fit for the prime advertising position, as they, alongside bonuses, help in putting an online casino's best foot forward.

Compare online casinos to subscription services like Netflix, Amazon Prime, and Hulu, as another example. If you look at the Amazon’s Prime Video site and compare it to the other video services, you can see that their most fundamental aspects of design display both what they offer, and how joining might be possible. The other services feature different shows and joining methods, but all of these put the most important features of their businesses up-front.

Interconnectivity

The final idea which needs to be focussed on is interconnectivity between different pages of your website and social media. Engaging on these fronts means building a translatable experience across different parts of your online presence. Properly updated links are an important factor here, but thematic consistency also plays a huge role. Every step of the way, a user should never forget where they are or see a dead page, or interest and faith in your brand could be lost.

Working to create the best possible web design won't happen overnight. Finding your online voice almost always means trial and error, and while this can be disheartening, it can also provide opportunities to learn. Looking at other established examples like online casinos can give you a strong starting point, but only through maintained effort and putting a personal and professional twist on the formula is it possible to find true and lasting web success.

3 Things Everyone Knows About Wrong Business Model That You Don't

Wrong business model is a major contributor to the high casualty rate of Nigerian e-commerce start-ups. It's quite noticed that lot of internet entrepreneurs (internet marketers) always seeking help from SEO experts on how they can increase their Adsense Revenue.

If you are one of those persons', I'm sorry to say, you can't get such help easily. This is because contrary to what some SEO consultants may say, it is virtually impossible to make real money from ads revenue.

With the notable exemption of high-traffic Nigerian sites like Nairaland forum, NBF Social Network, Naijaloaded, nnu.ng, etc, no Nigerian sites probably earn N50,000 a month from the ad.

Do you know why?

It is simply because, the more quality content you have on your site, the more visitors Google send to your site, the more visitors you have, the higher your prospect of making money from ads. So, if you have the resources, (material, time, persistence) to churn out regular great content, forget about making money from the ad.

Top 3 Bad Business Models You Should Avoid in E-commerce in 2019

As an internet entrepreneur, there are some basics steps to follow in order to get your product, website or blog to the top. Below is the list of some top bad business models examples to avoid in 2019.

1. Poor Logical Infrastructure

Online retail thrives on seamless logic support. This, unfortunately, is hard to come by in Nigeria. Private courier services are too expensive while no serious business will depend on government-owned ones.

And building distribution and other supply chain infrastructure from grounds up is an expensive undertaking. This cost naturally adds to the cost of goods sold on these Nigerian online stores. The result is either noncompetitive prices (compared to the brick and Mortal goods) or low profit making up margin.

2. Security and Trust Concerns

Security and trust are also one of the major causes of failure to the business model. Very few Nigerians would be willing to make a purchase online, especially from a Nigerian e-commerce site.

Nearly every Nigerian knows one person or the other that have lost money to automated machine (ATM) fraud. And ATM being the closest that most of Nigerians have come close to e-commerce naturally means Nigerians would be skeptical about making a transaction online.

There's also the question of dependability and trustworthiness of our fellow countrymen. The truth is a lot of Nigerians will feet more secured making purchases from the foreign-owned site than from Nigerian one.

This generally can be attributed to the perceived believe that Nigerians are unscrupulous.

And then there's the question of the security of these Nigerian e-commerce sites. From phishing to identify theft, these fears are real.

3. Poor Marketing 

No business can thrive without effective marketing strategies. Poor marketing is also another good example of wrong business model. Most Nigerian online business display a high degree of ineptitude appalling. They all seem to think all it takes to succeed online is some flashy website (which is not even visible to search engines).

In building an internet business, you do not only build a website but also promote your site, and make sure it's seen by everyone who is browsing the internet.

You also need to make sure that whenever someone searches for something relevant to your website, they will find you instead of your competitor.

There are many ways to marketing, and affiliate building is just a few of the available options.

Wrong Business Model: Final Thought

Avoiding the above Business models can help of some wrong practice and would help bring your online products to Google Search and earn money from ads.