While most people enter into the world of Internet Business fueled with dreams of making money and creating wealth, only so few really do make money.
So, what really parts the minority who is making most of the money on the Internet from the rest who are struggling just to make a few cents? Here are some of the essentials you must have in order to become an Internet millionaire.
The Plan...In my opinion, this is one of the most important aspects of anyone’s Internet business. And with so many Internet business start-ups that fail almost everyday, having your own Internet business plan is more important than ever.
Several people may start their own Internet business but more often than not, I notice that their "plans" have one thing in common and that is to make money.
I would be lying if I said I started my own Internet business not for the money but the truth is that there is more to my business undertakings than just the money.
To me, making money is not a good enough reason to start an Internet business. Your Internet business plan should fulfill the customers’ needs, regardless of the niche as long as there is a demand for it. When that is accomplished well, only then you will begin to make your money from your Internet business.
As you can see, it is perfectly okay to go into business to make money, but money goes to those who first have the desire to serve, give before receiving, and prove their worth. I also tend to notice that those who have a genuine plan tend to stay in business longer than those who are only looking forward to make the next quick buck. Be aware of your own Internet Business plan because even though you may or may not state your business plan in your web pages, anyone can tell if you are genuinely helping someone with their needs or just trying to sell something, consciously or subconsciously.
Most beginning Internet business owners give up easily especially when tough times come (it will come, that is for sure) or in the first few months of their Internet business. This is often because they hold on to a bad plan. As I have said earlier, making money is not enough a good reason for a plan for your business!
Focus…Also, a good plan, and a genuine one at that, helps maintain your focus especially in the infancy stages of your Internet business. A genuine plan also keeps you going even when the going gets tough.
With so many advertisements, business opportunities, money-making programs, and the fair share of scams and hypes, being focused is more important than ever. It might be easier said than done in most instances but that is not the case with a real Internet millionaire.
Most beginning Internet business owners, probably because of the lack of their Internet business plan, importance, and passion, jump from one opportunity to another. In my opinion, this is not an ideal thing to do.
Now, I am not saying that I am against jumping opportunities. I have accepted bad offers that are not workable on a few occasions and bailed myself out before I jumped onto another offer. But all too often, most people are really impulsive and acting on “instant gratification”.
I strongly urge that you build your Internet business because no matter how complete your Internet Business can come with, whether you have purchased Resell Rights to a proven, selling product or a turn key business, you still need to put in time and effort to build your Internet business.
Leverage Users…An Internet millionaire, in contrary to most small Online Business owners, is one who leverages on the efforts of other business associates and software. While small online business owners leverage on software and tools, too, but the distinctions between a big time Internet millionaire and a small online business owner can be seen in the sophisticated network of business associates and affiliates.
The good news is that today, the Internet allows even one single person to achieve so much with the leverage of software and tools available to make daily tasks easier in the pursuit of growing their business.
But that does not mean you can define yourself as an Internet millionaire just yet. The fact is that you can only achieve so much and seize only so many opportunities by yourself. If you are planning to seize bigger opportunities, you will need to assemble a team of people with the required expertise or resources.
The statement “time is money” may be true to small online business owners, but that is not the case with the huge Internet millionaires. The sayings for the Internet millionaires may very well be “time over money”, because an Internet millionaire thinks in terms of time rather than money, enabling them to make more and more money with less and less effort done on his part.