How To Start A Million-Dollar Empire On A Shoe String Budget
Splattered across the media channels in the UK lately has been asurge of Internet failure related news.After millions of pounds/dollars have been spent in thedevelopment of an exciting new venture, a couple of years downthe line the company has realised that the gold mine theythought they were sitting on wasn't really a gold mine... it wasa flop. Millions wasted.They had hundreds of employees... millions in the bank, plusenough venture capital to enable them to last a lifetim...
...e. Buteven with all of this support and monetary backing, they go bustand wind up in financial ruins.So what went wrong? Is the Internet to blame?Not likely. The good news is there's a flip side to that coin.Individuals who are starting with less than a couple of hundredbucks are grossing PERSONAL incomes of $50,000 per month orMORE. How can this be possible?It's all about using money wisely. The smart individuals learnthe required development skills themselves and save HUGELY onthird-party working costs. Here's how...The big businesses feel the need to spend lots of money on everyarea of the business, just to feel more secure. Example costs ofa typical "big Internet startup" might be:Office space: $200,000 Website development: $50,000 Employeewages: $500,000 Business/Legal expenses: $10,000 Marketingexpenses: $500,000 Product related costs: $100,000In the first year it's likely that they'd have spent $1.5M ormore. Each product they sell might produce a 200% mark-up atbest. Now compare that to an entrepreneur running an automatedweb service that he sells for $20 per month:Office space: NO cost (they work from home) Website development:$35 p/m for web hosting Employee wages: NO cost. It's fullyautomated. Business/Legal Expenses: Maybe $500 a year MarketingExpenses: $200 a month Product related costs: NONEAfter a year, a little over $1000 is spent whilst the productbrings in a mark-up of over 10,000% or more.The money that is earned belongs to the entrepreneur. He/She hasNO employees, NO additional overhead expenses, NO product costsand their marketing is sorted through affiliate/joint ventures.If handling email gets hectic, they could pay someone a coupleof hundred dollars per week to outsource support to someoneelse... NO need to work from an office, since they can handle itfrom home.With the huge corporate website, their funds are quicklydepleted due to massive overhead expenses and lack of moneycoming it. It can take a big company 3-5 years before they eversee a profit.. whilst a home-based entrepreneur can make areturn on his/her investment in their first month.That's what makes the Internet such an attractive businessmodel. A smart entrepreneur could earn $10,000 or more per weekin PERSONAL income. Compare this to $400 p/w working for acorporation... paying travelling expenses, having to dresssmartly for work, following specific jobs, etc. It makes muchmore sense to "go it alone" online.The 3 Key Ingredients To Personal Online Success Are:1) A solid plan and the skills to be able to achieve that plan.A good businessman is a good decision maker, and you need tomake the right decisions regarding your Internet presencedevelopment to ensure your success.2) MOTIVATION... 100% dedication at all times. It's never asmooth ride embarking on a new career path or business venture,so keep your chin up, your head high, and approach all of yourwork with the burning desire for 100% SUCCESS.3) The right skills... learn as much about Internet developmentas possible. Learn how to make your website automated andinteractive. Get your computer to do as much work as possible,giving you more time to concentrate on the fun aspects such asmarketing and promotion.All too often I see people put up a basic website with noobvious sales strategy, yet they hope to achieve the samesuccess of a full functional automated site with a definitemarketing strategy. Wake up and realize!The smart entrepreneurs don't just join affiliate programs andhope to become rich. They have their own products and services,and include other affiliated products as apart of their salesstrategy. It makes sense to play it smart.Remember, you needn't spend thousands of dollars in developmentcosts to produce a website that sells. With the right basicskills and a little effort, you can produce an income thatrivals that of a top corporate boss with only a 1/10th of theworking pressure required.Play it smart and prosper
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