How to make big money online

Posted in Make Money Online on September 7, 2010 by Michael Fridman

Make Money Online

 

What makes you think you would get wealthy?

That is an uncomfortable question. A lot of people would say: because I am clever, and I am able to work hard. Do you belong to those people? If this is your way of thinking, it’s pretty easy to guess your daily Adsense income. It’s below $30 a day, isn’t it?

I came to an understanding that being smart and wanting to work a lot is exactly what won’t make you wealthy. Note, rich people are not hard workers. Rich people are aware that the most expensive resource is time, hence they do not sell it. If you are willing to work day and night, it shows that you do not value your time. This is why, you will end up having not enough time to think and become poor, regardless how much you work.

Be Lazy

Yes, rich people are lazy. However, they don’t stare at TV much at the TV, trust me. They spend time thinking about how to make other people do what they have to do. People that don’t have money are hard workers, wealthy people are hard thinkers. Wealthy people never work for money. They make money work for them. If you are willing to spend a whole lot of time working in order to succeed with Adsense, you are going to loose a lot of time and will not make some SERIOUS money. The reason for that is there are just 24 hours that you have every day. Even if you work twenty hours, that is not enough to get wealthy. Respect your time and never sell it. Don’t become a free self-employed clever hard worker. You cannot be an internet marketer, webmaster, content writer, SEO specialist at the same time. It takes life time to become good at each of those fields. In addition, you will wind up not having enough time to perform all those tasks on a regular basis. Don’t even attempt to do this.

Be stupid

Rich people don’t think of themselves as smart. Often, they have quite vague idea about the market they are in. But they hire highly educated advisers; they make use of the best specialists who do all the job for them. Note, if you believe you’re smart, you begin to believe that you are able to do everything on your own. This is not the way to get rich. People who became successful at Adsense work in teams. This is what you need to do either.

Know the difference between job and business

A lot of people don’t distinguish between job and business. For example, let’s say you’ve designed a high traffic blog that makes thirty bucks a day, for which you write two posts daily. Is this a good business? No, it’s not. This is a pretty poor job. So, what’s business then? Business is a SYSTEM that can be left any time, so that it grows and keeps making you more and more cash whether you’re in or not. That is the primary difference between a great blog and Ebay. Or, a hamburger stand and McDonald’s. Now you can realize why wealthy people don’t sell their time: getting paid for your time is the worst use of it. But, if you choose to spend time on inventing an self-directed system (asset), it will be putting money in your pocket for the rest of your life. In other words, if you’ve spent 1 hour working on the system, you will be getting paid for as as long as you can live. If you have spent 1 hour at the job, you will only get paid once. This hour will have no positive financial influence on your future.

Don’t save. Start investing!

People that are poor often spend the majority their time and energy on not wasting money. Whereas rich people focus on multiplying their money. See, saving money is quite an old idea which might have worked 30 years ago, but does not anymore. If you freeze your cash in your wallet or bank, its value decreases very fast because of the inflation. So, it’s crucial that you keep your money working for you, and it’s even more important to play it smart. If you do not have a clue about investment, hire a financial adviser. At the early stage of your Adsense career it is important to invest money in the internet marketing. Buy links and advertisement space which will burst the traffic to your website, and hence, earnings.

Many people who have just started their business online are often very naive to think that they can make a lot of money without having to spend any money. That is not possible, unless you are a self-employed worker who’s ready to work for free, hoping to start earning 30 bucks a day at some point in the future. Can you imagine how much time you need to spend to learn and implement all those skills that are required to earn 30 bucks a day? If you calculate how much money you’ve made and hours spent on building your online “business” over one year, you will be surprised to find out that you have been working hard making like 1 buck per hour. Crazy?

So you want to get wealthy soon, and are not willing to spend a couple of $$$ to get yourself a team? This is not serious. If your goal is to get rich, you need to be spending some money on a regular basis. You must pay for internet marketing, high quality content, search engine optimization services, etc. If you play it smart, it will make you wealthy. If not, learn your lesson and move on.

What if I don’t have money?

Is that what you think? That is the way poor people think, meaning that you cannot do that if you want things to change. Even if you don’t have much money, you still can do a lot of things to put those ideas into life. How? Here’s just a bunch of thoughts to inspire you:

  • Write a business plan. It doesn’t have to be detailed. In fact, anybody can do it. If you do not have a clue how to do it, hire someone, or learn it yourself – this skill will bring you a lot of money in the future, so it’s totally worth the time.
  • Submit the business plan to potential investors. If your plan is good, you will find people who will want to invest money in your project sooner or later. If it does not happen, it is a sign that your idea is bad, and that’s the way you know you need to come up with another one. If the idea you came up with is good and the business plan is promising, it’s fairly easy to attract an investor. The challenging part is negotiating the contract, not finding investor.
  • Get a loan – if you do not get enough money from your investors, you could still apply for a business loan at your bank. If your business plan makes sense, your chances of getting a loan are high.

Offer your team some part of your earnings. This way you can create a dedicated team of people who are personally interested in the success of your project. Those employers are great to have, since they realize that it is up to them whether you succeed as a team, or not. A team like that is much more reliable than a group that gets paid per hours.

Try to generate more ideas! Trust me, you can generate much more ideas that will make you rich.

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Make Money Online

Article by Michael Fridman

Michael Fridman is a successful entrepreneur. He created a number of profitable internet businesses and now is willing to teach you how to become rich by creating internet assets and generating passive income.

{ 1 comment… read it below or add one }

yahoo email lookup September 9, 2010 at 9:32 am

I agree with you that just being smart and working hard won’t make us wealthy. We need to know that the time we have is priceless and so we should handle it the same way as spending money – and even more carefully. Overall, I think for rich people, time has a greater value than money…

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