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Archive for August, 2008

There are a lot of ways to make money online from selling on Ebay, to affiliate marketing, to Adsense, to CPA, to doing freelance writing, to creating content sites and carving out your own virtual real estate empire.

And they all work. And they can all be part of your online income generating techniques.

But if you want to really boost your income and create a long lasting online business you need to eventually create your own information products. Read the rest of this entry

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Domain names are hot. Recently, Harmony.com was put up for sale. The asking price? $5 million! Ouch!

What would a site on making money with virtual real estate be without talking about buying and selling domain names.

After all that’s where your virtual real estate begins, right? Before you have an actual site, you need a domain name.

And a lot of people like the idea of never going further with the development of their site if they can just turn around and sell their domain name for a profit.

It’s the ultimate in flipping virtual real estate. But can it really be an ongoing source of income? Read the rest of this entry

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I think when it comes to making money online or off, the rich really are different.

No, they aren’t better.

No, they don’t have better opportunities (most millionaires in the US today are first generation self-made millionaires – no silver spoons).

You see:

  • The rich think long term, set goals and put together a plan of action.

  • The wannabe’s think instant gratification.

  • The rich work for profits.

  • The wannabe’s work for wages and a “raise” each year.

  • The rich take calculated risks.

  • The wannabe’s take the biggest risk there is – they never take any risks at all.

  • The rich concentrate on increasing their net worth.

  • The wannabe’s focus on increasing their paycheck (a little raise at a time).

  • The rich are ALWAYS learning.

  • The wannabe’s stopped learning when school ended.

  • The rich think in terms of ideas.

  • The wannabe’s think in terms of gossip about things and other people.

  • The rich embrace change, adapt to it, and use it to their advantage.

  • The wannabe’s hate change, resist it, wither and die.

  • The rich develop multiple sources of income.

  • The wannabe’s have one or two.

To me, becoming rich is sort of like how so many people “want” to be a writer, like a Stephen King.

At least, until any of them actually sit down to write. Then we find out they don’t REALLY want to be a writer.

What they love is the IDEA of being a writer. They love the freedom, the lifestyle and the money.

Turns out they just don’t want to do the actual work that gets those things.

Most people love the IDEA of being rich. They just don’t want to do what it takes.

They’d rather complain, be jealous and envious, and hope someone makes some law that forces the hard working successful person to just give them stuff.

So ask yourself, where do you REALLY fall?

Do you WANT to be rich? Or do you just wannabe rich?

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