“Opportunity is missed by most people because it is dressed in overalls and looks like work. “
Thomas A Edison
You may recall the late 90s when it looked as though anyone with a computer and access to the internet could become a millionaire overnight. Those were dotcom bubble and bust days. But that was only the first phase – the hype and sensation phase – of the Internet revolution. The dust has cleared and we can see things much clearer now, hopefully.
By some accounts, we’re now in the consolidation phase. And in this phase, it is quite easier to distinguish a good, real money making business opportunity from a bad one conceived and crafted in a scam artist’s lab.
Start Small and Grow it Big as You go
Given the state of the economic mess we’re now in, it is much harder to raise capital for any entrepreneurial venture be it on- or off-line. But this is the really good news. You don’t need millions of dollars in start-up money to start profiting from the online money making ideas we’re talking about.
What you need to understand is that the Internet is a communication medium par excellence – a most effective and reliable way to transmit information. And just like the telegraph, the telephone, and television before it, it has expanded the business and consumer marketplace by making it easier and also cheaper for people to buy and sell things.
Some of Those Who Wrote the Initial Online Success Stories
And some of the savvy entrepreneurs who understood this and jumped in early in the first phase came out fabulously reach. Just take a look at some of these top early performers who built billion dollar fortunes from their online business ventures Jeff Bezos, creator of Amazon.com; Jay Walker of Priceline.com; Pierre Omidyar and Margaret Whitman of eBay; Joe Ricketts of Ameritrade, Steve Case, Barry Schuler, Robert Pittman and Ted Leonsis of America Online; and Silicon Valley venture capitalists Johan Doerr and Vinod Khosla.
Then there are the “latter day saints” – otherwise average folks who are creating great wealth online as I write Mark Zuckerberg, Dustin Moskvitz, Chris Hughes, and Eduardo Saverin the founders of Facebook.com; Reid Hoffman and his group who founded LinkedIn.com; Jack Dorsey and others who founded Twitter.com.
The Lesser Known Among Them
Others like Bill Bonner, Founder of AgoraInc.com – one of the largest and most successful consumer newsletter publishers in the world, my very own business mentors, Michael Masterson – who has recently “retired” again as a business builder, Jay Abraham, Bob Bly, David Cross, Rich Schefren, Mary-Ellen Tribby, and many other astute entrepreneurs have also built great wealth online. These individuals are writing their own internet-based business success stories.
Unfortunately, not every one of the lucky billionaires referred to earlier – especially those in the first phase of the Internet revolution, created good businesses. Some of them got rich simply by ‘selling a hot idea into a frenzied market’.
What this means is that there are all manner of ‘success stories’ out there. And if you want to build your own fortune online today, you have to choose the right success story for you. You’ve got to find a proven online business building model to follow. Two of my favorite recommendations come from Mark Zuckerberb and his colleagues who founded Facebook.com and AgoraInc.com. The Agora model is by far the most successful online business building model I know of. It is a model developed in part by my main business mentor, Michael Masterson. This is the model we’ve adopted and are refining in our own business. And it is what makes us the destination of choice for those who want to start and grow a profit making, Internet-based home business today and don’t have a large bank account to use as start-up money.
You really don’t have to reinvent the wheel. All you need is to learn from a successful model and adapt it to your peculiar situation.
So, are you ready to finally to start creating your own little fortune online while there’s still a chance to do so even when you don’t have that much money?
Remember, nothing happens unless you take action. The best time to start creating your own little web fortune is NOW!