Wealth Business

Archive for September, 2009

What steps must you take to start your business internet money online opportunity to make money online for a purpose filled life?   I could think of hundreds but will discuss 5 very basic and initial steps you must take in order to begin.   If you are new to this process you need to begin somewhere.  If you have been around for several months, then pass these basic steps on to a friend who wants to learn.

Here are 5 steps you must do to get started.

(1)  Take a computer course.

Even before you own a computer, you really need to understand what it is.  A computer course will explain the terms operating system (OS) and how to navigate the internet, often referred to as the world wide web (www).  Computers have been around a long time but the past 40 years they have evolved from mainframes through minis to micros and even cell phones are computers to access the internet.  It is worth your time to take a basic course on computers and you will learn a lot about what they do and how they work.

(2)  Buy a computer.

If you don’t have a computer, then you need to pick up a book and read about them to learn what they do and how they do it and what you need to buy one that works for you.  A book on computers is a good start.  Once you have read this book you will then know what a mouse is, a keyboard, random access memory (RAM), hard disk space and many more acronyms or terms that are part of the computer language.  Before you buy a computer, go to the library or a friend who has one and learn all about that computer.  When you are ready to buy a computer don’t spend a lot of money.

(3)  Get an Internet Service Provider or ISP.

Once you’ve taken a course and have a computer, you need to get an internet service provider or ISP.  The ISP will be your link from your computer, through your telephone line or cable box or device to connect it to the internet.  Remember that your telephone line is much slower and also less expensive than using your cable service provider or even a DSL (digital subscriber line) provider.  Both these are more expensive but will provide the state-of-the-art speeds.

(4) Learn about the internet and specifically affiliate marketing.

Learning about the internet is such a generic statement that I added specifically affiliate marketing.  Learning about the internet is about like saying, learn about the encyclopedia Britannica.  There are so many areas of knowledge on the internet; you need to focus on affiliate marketing.  Do a Google search on affiliate marketing and start from there.  You will get a lot of information and still have to choose what area of affiliate marketing.  I recommend article marketing as a start.

(5)  Work on your computer daily.

This is the most important of the 5 steps.  If you aren’t ready to buy a computer, go to the public library and use theirs for free.  The key is to do it every day so you aren’t intimidated by the movement of the mouse or typing on the keyboard.  Once you get into a comfort zone you will find yourself falling in love with it and your ability to use it will rapidly move forward.

Once I was asked in an interview with Smart Money magazine about the single most important factor effecting investment success. I told the reporter that committing to and following a sound, long-term investment strategy is the key to success. Sounds simple, right? Yet, most investors can’t describe their strategy because they simply don’t have one.

Far too many people invest a little here and a little there based on what they’ve read or who they’ve talked to recently. They often bail out of the stock market after it has tanked. Or they buy real estate after they’ve had a great run. Or they invest in the latest hot product being promoted by brokers and financial planners.

Then, of course, there’s the recent “follow the newsletter” trend. Every year, Hulbert Financial Digest ranks the performance of investment newsletters. According to Hulbert, many investors have started basing their investments on the advice found in last year’s top-ranked newsletter. On the surface, it seems like a good idea. You’re following the advice of a proven winner, right? And it feels good to follow a winner.

The only problem is that like most “feel good” decisions in the investment world, it doesn’t work. At all. If you had taken $1,000,000 in 1985 and followed this brilliant strategy every year for the next 21 years, you would have a whopping grand total of $365 today. That’s an average loss of 31.4% per year. The moral of this story should be fairly clear: Twelve-month track records are an absolutely horrible guide to which advisors will perform well over the long term.

So what are the keys to a sound strategy for building wealth? Any successful investment strategy must:

• Work over different time frames

• Provide effective diversification—not just diversification for diversification’s sake

• Work in both bull and bear markets

• Be disciplined yet flexible and evolving

• Reduce risk and provide downside protection

• Have a good long term track record

After you develop a strategy that meets these criteria, it’s all about patience, self control, patience, and more patience.

Access to information these days is becoming faster, like the speed of light. It is pretty fast accessible at the tips of your fingers. Internet access has been revved up with the advent of broadband Internet connection: dial-up, high speed, satellite, fiber optics, etc, Whatever the connection is, the Internet provides huge doors to the world even at the comfort of your own house or office in one sitting. Users marvel at the ability of how technology can bring them to different parts in the world in just a click. While some are still torn between establishing this connection on their traditional computers or pricey laptops, there are some who are reaping the benefits of its use and this goes to pose that question: what are the benefits of having Internet access? How do you truly take advantage of it?

File Sharing

Files become very flexible on the Internet; they can easily be shared, transferred, uploaded or downloaded. They can be retrieved leniently with the help of other devices that would provide ample storage. Some Internet service providers who supply accounts to customers are provided virtual storage that you can bring with anywhere where there is Internet. This is minus the hassle that is experienced with hardbound reference materials. Files can also be posted easily on the Internet making it readily available for users. You can restrict by making it a private website or its opposite. The convenience of this allows one to save time, money and effort.

Cost Effective

There is so much freedom with the Internet; you can leave out important information with later printing and only have those urgent files printed. Imagine the loads of paper that you can save with the help of the Internet. If you wanted to review some pertinent information online, you can go back to that for as many times as you would like. You can choose to save them in your software for later access so there is no need to print out all your research work.

Marketing Consistency

Gone are the days when dissemination and distribution of your information used to be slow, inconsistent and outdated. The Internet can allow faster access to marketing strategies, procedures and other essentials that are relevant to your causes. Change to any of these can also be done online so that information can be easily updated. Sometimes they can be automatically updated once a software has been designed for that particular purpose. Reaching for an audience will not be as restricted as it used to be because your products and services can be opened not only to a specific group but to the world as well.

Premium Customer Service

Designing how you can respond to your customers can also be created in a way suitable to your target audience. You can provide added services without the expense and effort that are normally needed once it is done traditionally. With the Internet, added services can be provided through links and partnerships with other existing websites that can also offer huge amount of help to your own business.

The Internet is changing the world and everyone is keeping up with the pace. Are you ready?