Saturday, February 28, 2009

The Rookie Series (Part 1 ): How Do You Make Money From The Internet?

Before we begin, have a think about what type of business that you want to do on the internet. Do you want to

(a) Sell your own products
(b) Sell other peoples' products
or
(c) Not selling any products.

If you have chosen

Type A: Sell Your Own Products
There are 2 kinds of products that you can sell on the internet.

(I)Physical Products
Physical products can be anything range from t-shirts, sunglasses even to kids' toys like teddy bear or remote control cars.

(II)Digital Products
Digital products are stuffs such as ebooks, audio files or even softwares. These are the stuffs that you can create them on your own.

You can choose whatever products that you want to sell on the internet. Be it things of your interests or hobbies or even things that the market is demanding.

One easy way to find out what's hot in the market is to frequently surf online market places such as www.amazon.com or www.ebay.com. Instead of surfing with a casual mind like before, how about starts surfing now with an open mind, spend a little bit more effort to pay attention to details. With your natural inborn analytical power, you could easily spot the most popular products that consumers are looking out for. It's that simple.

As the old saying goes, change is a constant and so are the products in the market. It is important to stay constantly updated with demands in the world

Now you have decided on what products to sell, But Where To Find It?

As manufacturers tend to offer a better price, one way to get products will be checking out your local business directory and starts calling up the manufacturers of the products that you would like to sell.

Alternatively, if you think that the above method is too time consuming and troublesome. You can try this online wholesale suppliers directory, SaleHoo to get your desire products. I've spotted this a few months ago and I think it's worth to recommend.

Some Cool Features About SaleHoo,

1.It has gathered over more than 5,300 legitimate suppliers.
2.It has lots of products to choose from.
3.You can find other users' reviews on the suppliers. (which means you can save your time on researching them)
4.And it also a community for sellers to exchange pointers or information about their experience with regards to business or suppliers.

If you would like to find out more about SaleHoo, Click Here!

What I Like About Internet Business?

No1: Becoming my own BOSS
That means I don't have to work for people. I don't have to answer to anybody on what I do except to myself. And nobody's gonna nag at me 24/7! (probably my wife will do the nagging..whatever..haha)

No2: Own Time Own Target
I will have absolute control in managing my own time. This is suitable to people who couldn't work due to other commitments; such as housewives whom need to take care of their children.

No.3: Your Income Will Depend on How Much You've Worked.
Ever tried working for so many hours everyday and you still feel that you are under paid by your employer? In the Internet business, you reap what you sow. And if you are working correctly, chances are you'll probably be earning many more times than what you have invested earlier on.

No.4: Low Start-Up Capital
What's the cost of setting up a website compare to the cost of opening a physical shop?
You do the math.

And the most important reason of all, FREEDOM.

Monday, February 23, 2009

Hey! Are you that lucky rich bastard?

It seems like a trend that every once in while, there will be one or two person in my social circle turning up for gathering with either a brand new BMW or flashing off his new Platinum credit card whenever the bill arrived.

"Lucky Rich Bastard"... that's what the average-jealous-joe would call them behind their back.

But they used to be ordinary average joe too. How did they do that? What is the holy grail of becoming rich?

Or is there any...

According to my 'BMW friend',

Opportunities + Hardwork = Wealth

Opportunities --> Chance --> Information
To put in simple, the right information will often leads to chances which eventually turns them into opportunities. Especially in this era of internet domination, information is everywhere. Just pay a little bit closer to details everyday when you are surfing the net and who knows.. You might've just landed yourself into a goldmine!

As for hardwork, You reap what you sow. Simple as that. :)