How,Start,Million-Dollar,Empir DIY How To Start A Million-Dollar Empire On A Shoe String Budget
When starting a new work at home business it is very easy to become consumed by it. We spend so much time trying to get the business up and running that we may end up becoming burned out and lose our motivation. There is so much to learn and Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-parent:"";mso-padding-alt:0in
Splattered across the media channels in the UK latelyhas been a surge of Internet failure related news.After millions of pounds/dollars have been spent inthe development of an exciting new venture, a coupleof years down the line the company has realised thatthe gold mine they thought they were sitting on wasn'treally a gold mine... it was a flop. Millions wasted.They had hundreds of employees... millions in the bank,plus enough venture capital to enable them to last alifetime. But even with all of this support and monetarybacking, they go bust and 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 tothat coin. Individuals who are starting with less thana couple of hundred bucks are grossing PERSONAL incomesof $50,000 per month or MORE. How can this be possible?It's all about using money wisely. The smart individualslearn the required development skills themselves andsave HUGELY on third-party working costs. Here's how...The big businesses feel the need to spend lots of moneyon every area of the business, just to feel more secure.Example costs of a typical "big Internet startup" might be:Office space: $200,000Website development: $50,000Employee wages: $500,000Business/Legal expenses: $10,000Marketing expenses: $500,000Product related costs: $100,000In the first year it's likely that they'd have spent $1.5Mor more. Each product they sell might produce a 200% mark-upat best. Now compare that to an entrepreneur running anautomated web service that he sells for $20 per month:Office space: NO cost (they work from home)Website development: $35 p/m for web hostingEmployee wages: NO cost. It's fully automated.Business/Legal Expenses: Maybe $500 a yearMarketing Expenses: $200 a monthProduct related costs: NONEAfter a year, a little over $1000 is spent whilst theproduct brings in a mark-up of over 10,000% or more.The money that is earned belongs to the entrepreneur.He/She has NO employees, NO additional overhead expenses,NO product costs and their marketing is sorted throughaffiliate/joint ventures. If handling email gets hectic,they could pay someone a couple of hundred dollars perweek to outsource support to someone else... NO need towork from an office, since they can handle it from 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 theyever see a profit.. whilst a home-based entrepreneur canmake a return on his/her investment in their first month.That's what makes the Internet such an attractivebusiness model. A smart entrepreneur could earn $10,000or more per week in PERSONAL income. Compare this to $400p/w working for a corporation... paying travelling expenses,having to dress smartly for work, following specific jobs,etc. It makes much more 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 achievethat plan. A good businessman is a good decision maker,and you need to make the right decisions regarding yourInternet presence development to ensure your success.2) MOTIVATION... 100% dedication at all times. It's nevera smooth ride embarking on a new career path or businessventure, so keep your chin up, your head high, and approachall of your work with the burning desire for 100% SUCCESS.3) The right skills... learn as much about Internetdevelopment as possible. Learn how to make your websiteautomated and interactive. Get your computer to do asmuch work as possible, giving you more time to concentrateon the fun aspects such as marketing and promotion.All too often I see people put up a basic website withno obvious sales strategy, yet they hope to achieve thesame success of a full functional automated site with adefinite marketing strategy. Wake up and realize!The smart entrepreneurs don't just join affiliate programsand hope to become rich. They have their own products andservices, and include other affiliated products as apartof their sales strategy. It makes sense to play it smart.Remember, you needn't spend thousands of dollars indevelopment costs to produce a website that sells. Withthe right basic skills and a little effort, you canproduce an income that rivals that of a top corporateboss with only a 1/10th of the working pressure required.Play it smart and prosper
How,Start,Million-Dollar,Empir