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Become A Millionaire In Five Years - Part 3
Home :: Finance :: Wealth-Building
By: Nicola Cairncross Email Article
Word Count: 1530 Digg it | Del.icio.us it | Google it | StumbleUpon it

  

If you want to become a millionaire within five years, then you really need to read this third article which covers the other part of the process

LANE #4 - THE INTERNET

I'm not going to tell you that making money online is easy, but like all wealth creation, it's simple when you know how.

I created a six-figure turnover business, The Money Gym, using a very simple marketing plan, online, but I had to work at it. But every month the passive income element of that business grew and grew and I built it one block at a time.

The most wonderful thing about the internet, is the low level of intial investment required. If you have time and no money, you can learn to do it yourself (I did) or if you have more money than time, and know what you want to achieve, you can outsource most of it. Making money online is a bit like becoming a millionaire in five years - simple but not easy! You can make money online by:

1. Promoting your real world business more effectively using the internet - using an EFFECTIVE website to generate more leads, building an ezine mailing list, Search Engine Optimisation, and Google Adwords to explode your traffic.

2. Creating spin off automated products from your real world business - like our client Paula Gardner did with www.DoYourOwnPR.com. See the section below for ideas.

3. Creating a series of one page websites, each to sell one ebook (or other product) - either your own, or as an affiliate.

4. Creating traffic flow and then recommending good products and service to them via affiliate links and an ezine. You can also make money from Google Adsense, which provides instant income which will build with your traffic.

5. Creating a free/paid level membership site (just think.....17,000 people paying you #5 a month is #1.02 million PER YEAR)

Which of these you decide on will depend on whether you have a real world business or expertise or not. I like to recommend people work through these in order, starting from the quick and simple routes to more income immediately and building up to the bigger projects.

However, and this is the most important element for synergy and focus between all your projects, and the part that many novice (and even more experienced!!) internet entrepreneurs get wrong.

Always choose and then working around a niche topic/subject - hobbies, leisure activities such as rowing, rock-climbing, obscure cuisines or knitting for example.

Or choose a broad topic (business building for example) ideally one in which you have some expertise, but offer it for a really tight niche of people (reiki healers as opposed to holistic therapists) or female accountants, for example.

IS MY WEBSITE WORKING?

As soon as someone asks me this, we ask them to find out the following:

1. Number of unique visitors to this page per week

2. Number of unique visitors to the sales page per week

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Nicola Cairncross Wealth Coach, Author, Speaker & Founder of The Money Gym http://www.TheMoneyGym.com/Blog

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