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The Seven Sources of Web Wealth
Home :: Business :: Ecommerce
By: Michael Kay Email Article
Word Count: 736 Digg it | Del.icio.us it | Google it | StumbleUpon it

  

---Con Needs careful management or you ‘eat' the inventory. Take care in ‘drop-ship' deals that you pick a quality supplier.

6. Investing in high yield investment programs (HYIPs)

---Pro Here you really can click coupons on the beach. Potentially very lucrative.

---Con Personal opinion: 99% of the deals are scams. If you go in knowing that, you can make money. Lose sight of it and you are finished

7. Filling in surveys for money.

---Pro Simple and guaranteed way of making small amounts of money

---Con Outside the USA very few survey houses pay anything. Any income is often a lottery – literally – as they do prize draws

Pick the wealth source you want to attack based on your interest. If you like creating things go with product businesses, if you like playing poker go with the trading business. Basically, if you cannot sustain an interest in the business then it is just a passing hobby. If you are working alone you have to be interested to stick with it. So before you start look into your own mind and ask "Am I really interested, or am I doing this for money?" If the answer is ‘for money', chances are none of the sources will work for you.

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Michael Kay is Research Director of HBB Research a business school based research program looking at web home-based business. He is the lead author of HBB Research's recent Report: The Gold Rush. To For more on The Gold Rush and to get your free subscription to HBB Insights, the ideas newsletter of HBB Research, go to http://www.hbbresearch.com/

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