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  • How To Start A Million-Dollar Empire On A Shoe String Budget

    Author: John Nemes
    Splattered across the media channels in the UK lately
    has been a surge of Internet failure related news.

    After millions of pounds/dollars have been spent in
    the development of an exciting new venture, a couple
    of years down the line the company has realised that
    the gold mine they thought they were sitting on wasn't
    really 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 a
    lifetime. But even with all of this support and monetary
    backing, 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 to
    that coin. Individuals who are starting with less than
    a couple of hundred bucks are grossing PERSONAL incomes
    of $50,000 per month or MORE. How can this be possible?

    It's all about using money wisely. The smart individuals
    learn the required development skills themselves and
    save HUGELY on third-party working costs. Here's how...

    The big businesses feel the need to spend lots of money
    on every area of the business, just to feel more secure.
    Example costs of a typical "big Internet startup" might be:

    Office space: $200,000
    Website development: $50,000
    Employee wages: $500,000
    Business/Legal expenses: $10,000
    Marketing expenses: $500,000
    Product related costs: $100,000

    In the first year it's likely that they'd have spent $1.5M
    or more. Each product they sell might produce a 200% mark-up
    at best. Now compare that to an entrepreneur running an
    automated web 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 fully automated.
    Business/Legal Expenses: Maybe $500 a year
    Marketing Expenses: $200 a month
    Product related costs: NONE

    After a year, a little over $1000 is spent whilst the
    product 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 through
    affiliate/joint ventures. If handling email gets hectic,
    they could pay someone a couple of hundred dollars per
    week to outsource support to someone else... NO need to
    work from an office, since they can handle it from home.

    With the huge corporate website, their funds are quickly
    depleted due to massive overhead expenses and lack of money
    coming it. It can take a big company 3-5 years before they
    ever see a profit.. whilst a home-based entrepreneur can
    make a return on his/her investment in their first month.

    That's what makes the Internet such an attractive
    business model. A smart entrepreneur could earn $10,000
    or more per week in PERSONAL income. Compare this to $400
    p/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 achieve
    that plan. A good businessman is a good decision maker,
    and you need to make the right decisions regarding your
    Internet presence development to ensure your success.

    2) MOTIVATION... 100% dedication at all times. It's never
    a smooth ride embarking on a new career path or business
    venture, so keep your chin up, your head high, and approach
    all of your work with the burning desire for 100% SUCCESS.

    3) The right skills... learn as much about Internet
    development as possible. Learn how to make your website
    automated and interactive. Get your computer to do as
    much work as possible, giving you more time to concentrate
    on the fun aspects such as marketing and promotion.

    All too often I see people put up a basic website with
    no obvious sales strategy, yet they hope to achieve the
    same success of a full functional automated site with a
    definite marketing strategy. Wake up and realize!

    The smart entrepreneurs don't just join affiliate programs
    and hope to become rich. They have their own products and
    services, and include other affiliated products as apart
    of their sales strategy. It makes sense to play it smart.

    Remember, you needn't spend thousands of dollars in
    development costs to produce a website that sells. With
    the right basic skills and a little effort, you can
    produce an income that rivals that of a top corporate
    boss with only a 1/10th of the working pressure required.

    Play it smart and prosper

    About the Author

    John Nemes realizes that finance is an important part of ANY
    Internet venture. Play it smart and get the right finance
    you need. For full info, mailto:moneystore@getresponse.com

    ...

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