Millionaire In the Making On The Internet
There are many ways to make money on the Internet. Blogging is one of them. However, to make close to 200K a year, Darren Rowse probably puts in 15+ hours a day to write on 20 blogs. I put in 30 hours a week trying to get my feet wet. But D’Angelo puts in an hour a day to make $150,000 annual profits. He sells chairs on the internet. Here is his story.
The late 90’s Internet boom and burst is still pretty fresh in my memory. At that time, the concept is : build a site or so-called Internet business, get venture capital, sell it for millions. We know the reason why the bubble busted. There was no business model or foundation built into these sites to simply bring in any profits. 10 years after the first boom, the Internet is revisiting itself and I think we are now in a much more mature stage to launch real businesses on the Internet to make real money.
One of my observations is that no matter what Internet business you are in, it is still based on a traditional form. Take amzon.com as an example, the concept is based on the traditional retail. Blogging is a new form of magazine or media business. Ebay takes the traditional Auction online and makes it available to massive audiences. Bottom line, today’s Internet businesses have a clear model how they can bring in the dollars.
I believe anybody can make money on the Internet. And if you are persistent enough and dare to experiment, you can eventually quit your job and make a living by selling products (or advertisements) online. A few keys here:
- A good idea matters the most. We need to have an idea of a product (products) we want to sell. D’Angelo experimented for a while to find out the chair was a good business. Alex Tew is half million richer because of an idea.
- Do it! A lot of us sit around dreaming about making 100K a year with our brilliant ideas but never put that idea into reality. Then, opportunities are lost in our busy daily schedules when dealing with our bosses and our kids. Get the site up, sign up on eBay. Whatever…Just Do It! Thanks to today’s technology that wasn’t available a few years back, you can pretty much get a site up in a few hours. I got mine up in 2 hours.
- Experiment. Don’t be afraid to experiment. There are going to be a few failures before you hit a home run. Keep trying and keep tweaking. Eventually you will find your star product or an idea that works.
As of me, yes I have big plans on the Internet. I will start with blogging and give myself a year to experiment. I am hoping to expand beyond blogging horizon and start a new form of business on the Internet. Well, the rest is a secret… 
ME Strauss said,
October 21, 2005 @ 3:08 pm
Great post. Fabulous premise. Well-stated and well-supported. I sent it to my son. Maybe he’ll be able to take care of me in my old age.
Yuna said,
October 21, 2005 @ 9:42 pm
Thanks Liz for the kind words! I am actually hoping that we can make some fabulous profits in the near future with this blogging thing (or at least a fabulous start to a fabulous Internet career).. There is defintely potential … Let’s hope the round 2 takes off soon…
James said,
October 26, 2005 @ 11:51 pm
Nice article! I wonder what company he uses? hmm… also, this is the owner of millionpennyhomepage.com and I’ve now reached about 850,000 pixel sales.
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