Issuu on Google+

==== ==== If you would like more information or offers visit us http://traffic-flows-2.com/index.php?referid=simon ==== ====

This article will look over a few essential tips to becoming wealthy online, however it will not look in depth at online strategies and methods for making a quick buck, but will indulge in the certain qualities and knowledge required in the process of becoming rich online. Before we can start, we need to define rich. What dictates the amount of money required to be classed as rich? This can be personal opinion and a question you should answer on your quest for wealth. What level of money are you satisfied with? 1. Getting Started. Ok, now we have established a marker/target at which you will feel content, below I have mentioned a few methods of becoming rich online: Starting an E-commerce store. This is a good way to become rich online, as it has great potential compared to normal retailers. Online shops open your business up to larger markets. You are able to offer goods cheaper as you have no store running costs. In fact your running costs will be substantially lower than store fronts. Also by setting up an online store you are subjecting yourself to less risk, therefore it's the perfect platform for small businesses looking to grow. Offer specialized online services. Instead of selling products online, you can sell your services. This can include anything from selling web design to marketing properties online, then taking a commission. Google, for example, offers a method of searching content from all over the internet. They make the majority of their money through advertisers (Adsense & Adwords). Another example is membership websites. They offer services that customers are willing to pay for regularly. Ex: Match.com. This provides members with a method of meeting and dating people for a monthly fee. Whatever you decide to do, the internet is a great place for starting as it's a growing market. Once you have decided upon something you believe will work, spend time researching and developing your idea. Below are 8 essential tips I believe will help you become rich online. They are certain qualities and knowledge you may require to becoming rich no matter what your method/idea is. 2. Analyse what you need. Desire is isn't enough, compulsion is necessary.


I believe it's crucial to analyse what you want to achieve. To do this you must set specific targets you want to meet. Your targets should follow the SMART rule. Meaning each target should be Specific, Measurable, Achievable, Relevant and Time-related. By setting yourself goals you are outlining want to want to accomplish therefore motivating yourself further. An example could be setting a monthly number of page views to your online business. To make this a SMART target it also must be a realistic number that can be achieved in a set time, for example 1 year. Desire to be rich is not enough, you must make it a necessary objective that you need to achieve. 3. Avoid negative influences, Never give up. Another essential tip is to cut loose from all negative influences in your life. Anyone who puts you or your work down, without constructive criticism, is a waste of time and self esteem. By removing these people, you will start to feel more confident and have further belief in yourself. For example, if someone tells you that your website is rubbish, don't give up. Many people just want to put you down, don't listen and keep trying. However, there is a point at which you should recognise failure. If this time comes, don't lose motivation and confidence, get up and start again. 4. '5% Inspiration and 95% Perspiration.' Great ideas alone are very unlikely to make you rich. There are many people who have become extremely rich without having a single 'great idea'. The trick is not to focus on your idea but to concentrate on your execution. This unfortunately requires a large amount of work and dedication to making your idea succeed. Just remember that ideas can't be patented. 5. Stay focused and keep looking for the ball marked 'Money is Here'. What I mean by the statement above is to constantly be keeping an eye out for where the money is at. You need to be focused and up to date with recent news and events in your niche. When the opportunity arises, be sure to grab it and make the most of it. A related internet example is the sudden increase in popularity of social media websites, over the past few years. If you owned a social media website in the beginning, the chances of success would dramatically increase compared to if you started now. A good idea is to read and subscribe to online blogs and articles relevant in your niche. By doing this you open yourself up to new information and opportunities. Employ Talent better than you and Delegate. Another essential tip to becoming rich, is to find and hire talented employees. Delegation is key, allowing you to help your employees help you get rich! The trick is to spot motivated employees, that ask smart questions, don't waste time gossiping and want your job. These kind of people should be promoted and therefore, given more responsibility within your organisation. This leads to higher morale among your workforce, increasing productivity. 6. Sell before you have to, or when you get bored. There are two points at which you should sell your business/project; selling before you have to and


if you get bored. The reason being is because selling a project when you need to, means you're likely to be desperate and under pressure. This leads to bad decision making and results in you either selling a project/business that you didn't want to, or receiving less money that originally planned. By selling in advance you free yourself up, less problems arise and you will feel more comfortable. Selling when your bored is an entirely different matter. If you have been working on a particular project for a long time, you are likely to become bored. This results in a lack of enthusiasm and commitment, which in turn will have a negative impact on your business. By selling your business/project you are enabling yourself to devote more time on new and exciting projects. An example could be running an old website you no long have any interest in. By selling this website you have more time and money to begin other, more exciting projects. 7. Don't fear anything or anyone. Go and get rich. Confidence is vital, along with the belief that you can succeed. Don't be afraid of anyone or anything that gets in your way. The right attitude is important and can be obtained through optimistic thinking. Don't be scared of failure. This prevents you from even trying in the first place. If you do fail, learn from your mistakes and move on. Treat becoming rich as a game. Don't take it to seriously and have fun. 8. Conclusion. I hope you enjoyed this article! The internet provides the perfect opportunity for anyone, willing to learn, to become rich. Just remember, once your rich, make sure to give it all away! There are many other important tips that I did not mention here, simply because there are too many. If you are really serious about becoming rich you should go out there and learn more! There are plenty of resources online and offline.

Runs http://www.webmediamagazine.com enjoys sports & web design.

Article Source: http://EzineArticles.com/?expert=John_Marn_Owen


==== ==== If you would like more information or offers visit us http://traffic-flows-2.com/index.php?referid=simon ==== ====


8 Essential Tips To Beoming Rich Online