Today Shaun Connell from Learn Financial Planning shares some thoughts about blog business models.

After managing a website or blog for a significant period of time, it becomes extremely easy to assume that because we do our business online, that we aren’t engaging in ‘real’ business, and all of the ‘real’ principles of business don’t apply. This couldn’t be further from the truth.

You need a (blogging) business model.

This post explains why you need to actually write out your own business plan ñ even if you’re ‘just’ running an online business. Without a specific business model, you’re chances of success are greatly deminished.

But first, let’s dig a little deeper before we talk specifically about blogging. Let’s look at the fundamentals of science, business, economics and the Universe itself.

The most important concept I’ve ever read about was explained in a book by Richard Maybury, a popular author, investor and economist. In his book, Maybury explained that the world operates in terms of what he called ‘models’, or systems.

There’s the sol