Thursday, October 23, 2008

Steps to Becoming an Internet Millionaire

We live in a world where opportunities abound, yet most people are buried in debt.

To live your dreams, and become an internet millionaire the most important decision is to take charge of ones financial future.

In every man contains seeds of greatness, which can be expressed in countless ways, from starting a business to giving back to our community to raising the next generation of leaders. Life is all about finding that seed and nurturing it to its full growth.”

Life is full of wonderful possibilities and avenues, and all it requires is for you to decide what you want, and go out in the world and grab it.

If you are reading this article, then you must definitely be literate, possess a computer of your own or have access from a cybercafé.

Do you have the belief that you can be as financially independent as you aspire to be?

To be an Internet Millionaire and a financial success online, you must:
  • Choose to be financially successful: This is not mere wishes, hopes, wants or desire to be wealthy. There must be commitment on your part. It requires a certain degree of hard work and inconveniences.
  • Know how money works: Most people do not understand the method involved in investing money. One has to be financially wise to become a millionaire by attending seminars, reading books, learning and mastering the art of making money.
  • Study your relationship with money: Some people are careless with money. We spend it to show off, or out of sheer excitement or maybe because we feel we have a reservoir of it. We need to create a relationship of respect, appreciation and gratitude for having money and thus spend wisely.
  • Set Challenging Goals to direct your life. Make a commitment towards achieving these set goals according to priority. You may not accomplish every goal you set, no one does, but what really matters is having goals and going after them wholeheartedly.
  • Create a budget: A budget is a map to your destination; it guides you to spending wisely and eliminates impulsive spending.
  • Avoid unnecessary expenses: After you must have made your budget you control your money rather than let it control you. Self made millionaires live below their means, so I’d expect you to follow suit.
  • Start Investing: Don’t speculate, invest in things you understand and have researched. Get 2nd opinions on issues concerning your investments from experts. Do so cautiously and wisely, your objective is to be a millionaire, so obey the difference between gambling and putting your money to work for you.
  • Endeavour to invest in assets: It takes time and effort to build wealth. Never make the mistake of only increasing your income, buy stocks, buildings, lands etc. Most Millionaires invest in assets that will turn around in the future so they don’t spend their money on frivolous things.
  • Associate with successful millionaires (as mentors), learn from them, read books on how to be a millionaire.
  • Learn to make positive impact on peoples lives, don’t be greedy invest in your community. Spending wisely does not mean you shouldn’t share or assist others.

I recommend these books to start your education about being an internet millionaire:

* Internet Riches by Scott Fox
* Getting Rich Your Own Way by Brian Tracy
* The 100 Absolutely Unbreakable Laws of Business Success by Brian Tracy

I leave you to ponder on this parting shot “Live well, do not spend lavishly to impress friends or neighbours; invest wisely and stay wealthy.

The secret of becoming a millionaire on the internet is to be committed, do what millionaires do, and do it time and time again until you reach your goal.

Wednesday, October 15, 2008

Building an online presence for your Internet business.

Having decided on being an online entrepreneur and have chosen what line of business you want to embark on. The next step after you must have drawn up your goals, set your plans is to build an online presence for your business.

The most important tasks in running a business is letting your potential customers know that you exist. Every second, minute and hour of each passing day another domain name gets registered. Everyone wants to stake a profitable claim in the World Wide Web.

It is advisable that you grab your domain and reserve your business identity on the web. Even if you don't plan to create a website immediately it would be a sensible idea to register your domain name as soon as you choose a unique name that is not already registered. Having your own domain name gives you freedom to do whatever is required on your website or blog.

A website or blog is just like your brochure for others to see what you sell. A website or blog should describe your products and services and provide your contact information. The products and services are presented with readily understood, self serving benefits for consumers. You can add more content as you go.

Always create relevant keyword-rich content for your site or blog. If you have good content, Google will rank your site or blog better and with good page ranks you will have more hits that you could convert to good business through your site or blog.

Hosted space comes very cheap these days. Start with an entry level hosting plan and upgrade with your need.

The advantages of building an online presence

  • A web site or blog faces no time zone barriers. The Internet is the most lucrative way to trade nationally and internationally.
  • More customers are generated for your business without doing any additional marketing.
    A well-made web site or blog is a great tool to create credibility and look bigger than it actually is.
  • It is evident that a web site or blog can be the most economical medium of marketing ever created.
  • It saves you money on printing and distribution costs.
  • Your web site statistics can help you understand how your visitors and customers use your site.
  • 24 hour customer service can be provided without hiring any additional employees.

Maintaining your site is an on-going process of monitoring and modifying as necessary, to ensure you are meeting your business requirements.

Defining your web strategy means planning what you want to do, building your site, promoting it and maintaining it. This means that you need to revisit your plans regularly to make certain the strategy you are using is still in line with your business needs, and that you are meeting your expected goals. You may also want to alter parts of your strategy to take advantage of changes in internet technology.

Give it a go, create an online presence for your internet business and promote.

To your online success….


Thursday, October 9, 2008

Steps to starting a profitable online Business

Many people say they want to Make Money Online; but don’t have any idea how to go about it. This is one of the many reasons why few succeed and many fail.
Today the Internet continues to grow daily, and has made distances shorter and the world smaller. With a very low investment, anyone can have a web page on the Internet. This way, almost any business can reach a very large market, fast, directly and economically, no matter the location or size of the business. With a very little investment, anybody that can read and write can have access to the World Wide Web.

There are vast amount of information on how you can start a business online, but some of them are rather confusing and often misleading. A lot of people sooner than later discover that the Internet is one of the worst places to lose money fast; in the course of running their businesses.

Believe it or not making money online is not an easy task, there is no such thing as “get rich quick”.

Deciding on becoming an online entrepreneur is only the first step of a long journey. For a long-term online business to flourish there are general steps you must follow and you must be armed with a good business plan before anything. No plan, no success. There are lots of planning, preparations involved. Here are some steps that will guide you towards achieving the Online Success you deserve.
  • What do you want to achieve as an online entrepreneur? Set up your business goal first before any other thing as it will guide you each step of the way. Write down at least 5 goals you want to accomplish in your lifetime. Then put the list away and update it again next year.
  • How will you accomplish your set goals? What amount of money will you make this year? How will you do it? Type that information out in a clear sentence, put by your bedside, and read it every morning and every night like a prayer book to help inspire you to reach your goals.
  • What are the means and ways you hope to achieve these goals? Make a list of what you think the business needs and what you need to have to achieve success. It may be knowledge about the business, skills required, funds, certifications needed, equipment and machineries you need to purchase. Then check if you possess the knowledge, skills, etc. now; and if not, plan on how you can get it.
  • Get a To Do List that has a calendar: make a note on your calendar, one week ahead of any event, about what you need to do for your business. Do this every night, including the weekends, so you get in the habit of relying on your to-do list to help you get things done. Whatever it is, make a note of it in advance so you can stay of top of your tasks.
  • Have a niche or focus on a specialty category: When making the decision to start an online business, the first question you need to ask is “What will I be doing?” Will you go with something you love, or something you think could earn you money from? Research what niche you want to be, because there are so many options out there, so many types of businesses that you can start.
  • Be Consistent: Endeavour to go a long way to carry out whatever is necessary for your online business. Very often people let their feelings, or that of other people get in the way.
  • Choosing the right business: Every Online business venture contains certain inherent risks. We do not advocate that any one way is the right way or that our suggestions are the only way. On the contrary, we advise that before investing any money in any online business venture you should do a thorough research and verification.
  • Find a mentor: Having someone to guide you, give you counsel, even open doors for you and introduce you to customers, tools and financing resources is literally, goes a long in boosting your drive. A mentor can sometimes show you a proven roadmap to your business success.
  • Know your target market: When you start a business, it is crucial that you know your target market and how you can reach them. A marketing plan can help you think through your marketing strategies as it helps you create your positioning statement, identify your target customers, and formulate strategies with corresponding timelines on how to reach them.
  • Effectiveness of your plans: Study your plans before you start anything. Are your plans are organized? Are they effective? Can your plans take you to the required destination? Modify your plans to make them realistic. Don't make a plan that you can't follow.
  • Get Started: Take a bold step toward actualizing your lay down goals. It is not a matter of survival but a matter of knowing where you're going and getting there with the right directions.

Discovering how other businesses are growing, thinking through your marketing strategy, taking an organized approach, using the proper tools to get the word out and focusing on your achievement will help you reach your business goals and set you on the right path towards accomplishing your greatest success.