| March 2007 - that means the new Formula 1 | | | | do need to create and run your site, and invest in |
| racing season is upon us, with Mar 18 seeing the | | | | stock. |
| first race in Australia. | | | | This is much more of a long term strategy. |
| Formula 1 racing is a huge money spinner, and I | | | | Method 3 - You can provide information. |
| want to cover 3 ways you can tap into that | | | | Information can be produced and delivered digitally |
| money! | | | | for absolutely nothing with today's technology, and |
| Method 1 - You can be an affiliate. | | | | the appetite for people searching information |
| Merchandising is a huge part of the success of F1, | | | | online is undimmed. |
| and being an affiliate means you don't need to set | | | | What with all the merchandise, tickets, etc |
| up a website, nor invest in stock. You simply send | | | | available to the target market, do you think they |
| traffic to a site that sells the merchandise, and if | | | | would be interested in a way to fund their |
| anyone buys, you get a percentage commission. | | | | interest? |
| The downside is that you only get a small | | | | To get to travel to see the races around the |
| percentage, and you are competing with all the | | | | world? |
| other affiliates already out there. | | | | Get to wear all the latest gear? |
| That's great for the company, not so great for all | | | | Buy their collectibles? |
| the affiliates. | | | | You bet they would! This is the method I use. |
| Method 2 - You could sell yourself. | | | | I've used method 1, and it does work. |
| You could either buy up stock by negotiating deals | | | | I've not used method 2. It undoubtedly works, |
| with suppliers and manufacturers and set up your | | | | but I don't like the idea of the upfront investment |
| own site, or you could trade via ebay, where | | | | if I don't have to! |
| there is a great market for memorabilia. | | | | Yes, it's providing information which is the model |
| The plus side of this method is that you get to | | | | for me, and I hope I've maybe perked an interest |
| keep all the profits, but the downside is that you | | | | in you maybe doing the same? |