Monday, December 22, 2008

THE INTERNET MILLIONNAIRE MODEL

Being an Internet millionaire is not difficult but just plain planning. I have always had to wonder why people tend to believe more in jobs than in their personal businesses and the ability their businesses have to transform them to financial giants. I have studied different people over time and one thing is common to them as far as creating wealth is concerned: it is accumulated over time-some long, some medium, while very few for short periods.

Making yourself a millionaire from your Internet business could just be compared to a progressive minded employee who started planning his exit strategy from the first day. The only difference is that the employee might start earning from the first month while you may not. But if you start taking the right action from when your first check starts coming in, then you can always beat the employee, any day.

If you earn $1000 per month from your Internet business, then you are like a new bank employee who is earning the same amount per month ( and most of them earn that as beginners). After about two years, he is promoted to a new level of, say, $2000 per month. And if you started well and know what you are doing, then at the long run, whomever you started with, as an employee cannot see your back.

You simply cannot be earning $2000 per month after having been in Internet business for two years. It’s impossible. (Again, that is if you know what you are doing).

Ok. Let us calculate it. You started first earning $1000 per month as an affiliate, or a blogger or an on-line survey expert or a picture seller. Just one business line. (I choose affiliate marketing). You will be the one doing the bulk of the job; no much money to throw around, so you could not outsource. But after about six months of consistently earning $1000 per month, you have got enough cash to hire ghostwriters to do some of your writing work while you take time out to research a new niche and explore it. You start your operations in the new niche (and remember your old business is still up and running, needing less and less of your presence) and you start making about $500 after the first two months of operating in that niche. You are still working in it seriously and in the next two months your earnings increase to $1000. (This is a conservative estimate, but whoever follows it is surely on the pathway to wealth.).

At a stage, you may want to also outsource in your new business and you research another niche and enter into it. And before long again, you are making another $1000 per month. The whole of this process is taking place just within 14 months! And you are nearing a monthly earning of $3000 per month. You may want to keep it there for your on-line businesses and look into offline investments. As you earn per month, you subtract your expenses and know how much to invest and how much to save and also how much to re-invest in your on-line business.

May be you will need to calculate this process and its entire multiplying effect for five years and tell me where you will be financially. And the sweetest part of it is that anybody can achieve this. If you desire this kind of wealth, please start one Internet business today and send me your testimony in three months time.

EKEKE CHINEDU http//:internetrichpurse.com

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