Saturday, September 10, 2005
Making Money on the Internet
LONG before this subject ever got any attention here, there were already a couple of smart people scoring it big time on the Internet. Today, decades later, Internet continues to impress upon the enterprising and creative as the final frontier for making big bucks.
A few facts to remember: Internet has a conservative estimate of several hundred millioni surfers. It is probably the biggest customer database anywhere in the world.
Those who have already made it in the Internet, made it when they first offer unique services via Net subscribers. I remember a couple of lawyers with great foresight first jumped onto the Internet platform and saw their cash register piling up the numbers.
Today, the Net is filled to the brim with people who think they have the last word on making money. Frankly, if it's just about making money then most smart people would have made it and got out before you and I even began thinking about it.
Here are some tips on how you can become an Internet millionaire:
1. If you have an idea that can save a corporation millions or hundreds of thousands in operational costs, you may just have some CEOs sitting up and listening to you.
2. If you have a website that scores an extraordinary number of hits daily, some big names like Google or Microsoft may just want to do business with you.
3. If you are a genius at programming and you are willing to create programs that will or can earn companies high revenue when they incorporate your ideas in their business, you may just be a new Roll Royce owner.
4. A unique ability to perform a service that nobody else in the world can imitate or perform will gain you the attention you desperately need.
5. If you are a writer of enormous talents and are willing to impart a morsel of your writing skills for a reasonable or nominal sum, somebody somewhere out there in the Internet world may just be willing to part with some hard-earned money in exchange for your special skills.
6. If you can control Internet attention to some degree for a short span of time and channel it in a certain direction, many firms on both sides of the hemispheres will be knocking down your door.
7. If you can have fun with the Internet and churn out great ideas at no cost to yourself but of great benefit to others in another part of the globe, you may just hit the Mother Lode.
8. Remember, the 1st rule of making money on the Internet is to HELP OTHERS.
9. The 2nd law is to dispense services at affordable rates to lots and lots of people.
10. Making great financial strides on the Internet does not take the brains of a genius. All it takes is lots of imagination, a lifetime of courage and an unshakeable faith in one's own abilities to make it big.
11. Having a wide network of friends and business colleagues will go a long way in building the foundation of your Internet Empire. You need to network all the time. Don't forget to have fun while you are on this great adventure.
12. Be humble. Making money is not that difficult but keeping your humility when you are success IS.
13. Memorise the facts and figures that govern the world of Internet. There are probably more than half a billion Internet users around the world. This is an ever expanding market. Discount half of them as non-profitable ventures and you are down to 250 million. Cut by half this figure as not being on the same bandwith as you, and you got 125 million. Reduce by 50 per cent that figure as not being interested in your ideas, and you are left with 62.5 million. If only one tenth of this number shows some interest in your original proposal, then you have the luck of the draw, so to speak.
One tenth is about 6.2 million. If each one of them gives you one lousy dollar in exchange for an idea of yours that they can use for their own benefit, then you will be richer by 6.2 million dollars. Does that thought frighten you, or does it make you want to jump out of that chair you are sitting on right now and get right down to work?
14. There are no limits in the Internet world. There are only people with self-imposed limitations. For every one millionaire created over the next 24 hours, there are 10 times that number of people who gave up on making it big at the break of dawn. What a shame!!
15. The best time for developing money-making idea on the Net is when you are most relaxed and happy. Some of these hours precede your sleeping hours.
16. The most wonderful part of making big bucks on the Net is that sometimes you need zero capital. There are free sites, free valuable information, free photo-hosting sites, free email sites and free advice from all quarters. Make sure you return these favours when you have made it.
17. Work hard for the success of others, even if you have not made it. The success of others will reflect on your wisdom and your priorities. What's the point of becoming a millionaire and everybody hates you. There's not the lesson you need to learn.
18. Find out what's lacking in the most crucial areas in other countries and the problems they need to solve. Find out what people need and don't have. Find out what the big boys cannot do, that you can in a big way.
19. Always remember, anybody can make it. It begins with a mental commitment and is propelled by effort. If you are happy doing it, then it becomes effortless.
20. Learn all you can about opening up accounts overseas. It is a smart choice to have investments abroad once you have made it. That way, if your local investments are stalled, you have other "engines of growth."
It is most important to learn from others. Do not be sceptical about other people's good intentions. There are many nice and kind people who have become successful in Internet business and have gone on to help others.
That's how you learn to grow and become better people inspite of your millions. Two thousand years ago, a Nazarene carpenter said: "What does it profit a man if he gains the whole world and suffers the loss of his own soul?" Today, the same statement applies. Remember this when you have made it.
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