Here is one simple formula that you can use in developing a profitable Internet Business.

It is quite simple, really - so simple that its simplicity is often overlooked by most people.

Just identify and recognize which online guru is already making money online doing what you want to do. After that, just model your business after theirs.

It is just that SIMPLE!

Yes, you are allowed copy his or her Internet Business system or conduct of business.

There should be no legal issues, you are not stealing their secrets, just following a proven formula to success. Anyone you are modeling should see that as a compliment, not a threat.

Having said that, you can imitate after an Internet Business owner or Marketer who is already doing and achieving the kind of profitable results you so desire.

You can imitate his conduct of business. You can imitate his system.

If he uses bonuses each time he makes an endorsement, you can do the same - each time you endorse a product or service as an affiliate, you can throw in your own special offers.

If this their response rate to customer service is 24 hours, you can do the same or even better - under 12 hours.

If this internet marketing guru is making most of his money from list building - what is stopping you from building a profitable mailing list then?

While this may sound absurdly simple, but you can set up your Internet Business in the exact or almost similar manner and even sell the same product, assuming you have the rights to sell the same product, of course.
One of the most successful people I have modeled is Ewen Chis and his Auto Pilot Profits system - [http://gurumasterysecrets.com/autopilotprofits/]

It makes sense to model after a system that is already working that there is nearly no need for one to re-invent the wheel.

Why rediscover the same mistakes when you can save time and effort (and money as well) on doing what is already proven?

That is food for thought on your pursuit in Internet Marketing.