Friday, September 23, 2005

Can You Really "Strike Gold" Online?

I guess human nature leads us to this about every 30 - 50

As a history major, I studied the gold rush of 1849, the
19th century oil booms, the stock market hustles of the late
1920's, the get rich-quick mail order schemes of the 1950's
and 60's and now the "Internet" gold rush of the late 1990's
and early 21st century.

When people perceive someone else getting rich with little
or no effort, they jump on the band wagon seeking fame and

In reality, in any "gold rush," the ones who really get rich
represent the exception.

Unfortunately, people perceive those "exceptions" as the
rule, rather than the special cases they actually represent.

But, if you're bound and determined that you can be one of
the "chosen few" who get rich online, the following tips
will save you years of frustration.

** Little Oil Wells **

Don't try to get rich online with one gold
or oil "strike!"

Most people I know who do very well online
operate multiple websites targeting multiple niche markets.

They sell many products and make their money by creating
multiple streams of income rather than depending on a single
website to stake their claim for online riches.

** Solve Problems **

People go online to solve problems.

Whether they need to improve their job interview skills or
find a winter coat and hat for their Chihuahua, they want to
find products or knowledge they don't currently possess.

The more pressing the problem, the easier and faster these
people will buy.

The easiest way to make a fortune online involves finding
the most severe problems you can and charging for the

** Sweat, Not Money **

Most people want to throw money at a problem and hope that
will get them what they desire.

This fact keeps the "get-rich-quick" schemers in business.

However, the best way to make money online involves getting
your hands dirty, learning a market inside and out,
discovering what they want to buy and why, and then selling
it to them.

Contrary to popular belief, throwing money at a problem
often won't solve it.

** Don't Compete **

The fastest way to make a fortune online involves persuading
other people to sell your product or service for you as an

However, nobody sells a product or service for someone they
perceive as "competition."

You must position your product or service in such a way that
others will eagerly promote it for you because they see you
as someone who complements what they already offer.

** Wants vs. Needs **

Circus and publicity guru, P.T. Barnum, expressed it best,
"People will spend their last nickel to have fun!"

People always find a way to buy what they want, but often
avoid spending on what they need.

** The Underwear Myth **

The "make money in your underwear at the kitchen table
working only 1 or 2 hours a day" represents the biggest
crock of !@#$% ever foisted on the public.

Anyone I know who makes a lot of money at anything, busts
their buns to get their projects off the ground.

Once they get a business up and running, it might only take
a couple of hours a day or week to keep it running, but they
worked their fingers to the bone to get things rolling.

And the real secret to their success: they repeat the
process over and over again!

About the author:

Jim Edwards is a syndicated newspaper columnist and the
creator of an amazing course that will teach you step-by-
step and click-by-click how to finally create your own
money-making mini-sites...

"Finally! A Quick and Easy Way For YOU to Painlessly Set Up
Your OWN Moneymaking 'Mini' Websites... Without Being a
Computer Geek, Buying Expensive Software, or Paying
Outrageous Fees To A Webmaster!"

Click Here =>

© Jim Edwards - All Rights reserved

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