For those just joining us you can find a review of the last section here.
We've all come across the online get rich scams which liter the search engines and pollute our email. Unfortunately, this spam has given a black eye to making money on through the internet. Though, don't get dismayed by all that email spam because legitimate ways to make money online still exist.
These ways are endless and there are more ways emerging. Someone could write an entire book on just how to make money online, but I’ll try to keep it as simple as possible. Who knew you could generate money from something you do all the time?
There are ways to make money with or without a website. For those thinking of having their own website, it's not as hard as some think to set up your own web site. But what if you want to take your site to go beyond one that just sits around on the Internet? You can. If you dealing in e-commerce you could go with the option of having an affiliate program.
What is an affiliate program? Affiliate programs provide links to your site to receive payments from advertising in exchange for promoting your Web site. Simply, merchants who deal in e-commerce pay an affiliate program to send them traffic and the merchant is paid part of the commission. The amount your paid is dependant on the amount of traffic your able to send over the affiliate site.
How does someone get paid? The following from howstuffworks.com explains methods of payment through affiliate programs:
howstuffworks.com
about.com,
affiliateprograms.blogspot.com
Next up, ways to make money just by sitting in-front of your computer.
May 07, 2006
The Six Month Millionaire
For those just joining us you can find a review of the last section here
As we delve deeper into our series on Making Money Work for us, I think It would be useful to relay a story of someone who was very, very successful with making money on the internet. That person is Alex Tew.
In August of last year, Alex Tew lay on his bed in his home in Wiltshire England.
He was faced with a financial problem; how was he going to pay his year of college that lay ahead of him? Then, he wondered, "How can I become a millionaire?" The logic behind that enormous jump between “paying for college” and “becoming a millionaire” is if he set his aim high he may be able to get back a quarter of his goal. He had no idea how much his efforts were about to return.
In only twenty minutes he thought of using the internet as his money raising medium. Being familiar with the internet, he constructed the “Million Dollar Homepage.” The premise behind the Million Dollar Homepage was selling pixels (those little dots which make up your computer screen) as space for advertisers for only a dollar each. The minimum purchase was $100 for a 10x10 pixel square to be used as an online advertisement.
Alex goes into detail of his process saying: "I wrote the title to spark the creativity and then wrote down the attributes the idea needed. It had to be simple to set up and understand. It had to have a name to capture the imagination and be something that could be set up quickly with no physical delivery required. I wrote down some keywords and then the idea came out 20 minutes later - selling pixels. So I snapped up the domain name that very night."
Alex paid a small fee for the domain name (milliondollarhomepage.com) and a basic web-hosting service. He sold some pixels to his friends and family earning $1,000 dollars, which he spent on a press release. When the websites offer went public the demand for space on the site was astronomical. The pixels were quickly snatched up by anyone and everyone, including worldwide corporations. He was able to earn 1 million dollars in only 4 months and the rest is Internet history. Unfortunately, the million-dollar idea is also history because it is no longer original. People saw how incredibly successful he was and wanted their million too. Many of the imitators haven’t had much success with their Million Dollar Homepage spin offs. But others wanting to cash in on an idea like that should have faith in their own creative minds, take analyzed and affordable risks, and look at "failure" as a valuable teaching tool.
We’ll begin to get into the specifics about making money on the Web here. Comments and suggestions are welcome.
As we delve deeper into our series on Making Money Work for us, I think It would be useful to relay a story of someone who was very, very successful with making money on the internet. That person is Alex Tew.
In August of last year, Alex Tew lay on his bed in his home in Wiltshire England.
He was faced with a financial problem; how was he going to pay his year of college that lay ahead of him? Then, he wondered, "How can I become a millionaire?" The logic behind that enormous jump between “paying for college” and “becoming a millionaire” is if he set his aim high he may be able to get back a quarter of his goal. He had no idea how much his efforts were about to return.
In only twenty minutes he thought of using the internet as his money raising medium. Being familiar with the internet, he constructed the “Million Dollar Homepage.” The premise behind the Million Dollar Homepage was selling pixels (those little dots which make up your computer screen) as space for advertisers for only a dollar each. The minimum purchase was $100 for a 10x10 pixel square to be used as an online advertisement.
Alex goes into detail of his process saying: "I wrote the title to spark the creativity and then wrote down the attributes the idea needed. It had to be simple to set up and understand. It had to have a name to capture the imagination and be something that could be set up quickly with no physical delivery required. I wrote down some keywords and then the idea came out 20 minutes later - selling pixels. So I snapped up the domain name that very night."
Alex paid a small fee for the domain name (milliondollarhomepage.com) and a basic web-hosting service. He sold some pixels to his friends and family earning $1,000 dollars, which he spent on a press release. When the websites offer went public the demand for space on the site was astronomical. The pixels were quickly snatched up by anyone and everyone, including worldwide corporations. He was able to earn 1 million dollars in only 4 months and the rest is Internet history. Unfortunately, the million-dollar idea is also history because it is no longer original. People saw how incredibly successful he was and wanted their million too. Many of the imitators haven’t had much success with their Million Dollar Homepage spin offs. But others wanting to cash in on an idea like that should have faith in their own creative minds, take analyzed and affordable risks, and look at "failure" as a valuable teaching tool.
We’ll begin to get into the specifics about making money on the Web here. Comments and suggestions are welcome.
May 06, 2006
Make Money Work for You.
Part Two
For those just joining us you can find a review of the last section here here .
Before we continue with Part Two, I think it’s important to address some common misconceptions about what money can do for you.
The first misconception is important and some of you will be disappointed when I say money will not make you happy. There’s an old saying “money can’t buy happiness.” You can’t gain happiness through a bunch of little green pieces of paper. You are the only one who can make yourself happy. You can have all the money in the world and still feel miserable.
Secondly, having more money will not solve any problems besides financial problems. It’s be best to try to solve these problems before you seek ways to get extra income. Besides what good is it to be wealthy if you are always unhappy? So, extra money will only give you financial security, which gives you time to focus on personal growth, enjoying doing the things you love and enjoying time with loved ones. With that said, lets continue on.
As stated in yesterday’s post the key to making money work for you is to turn your earned income into flexible income. There are a number of ways to earn extra income doing this.
The first and most simple way is to start saving money. If you save 5 dollars a day you will have 12,600 dollars in ten years or 25,200 dollars in twenty years. The thing about saving money is it’s sometime difficult to stay committed to saving money. People are tempted to buy impulsively when they see something they want. If you get into the habit of putting a bit of your paycheck into a savings account, you will thank yourself later. But it takes a long time to save a lot of money. What if you want to have more money in a few years instead of waiting twenty?
You can invest in the stock market. “The stock market? But that’s too risky.” Only if you don’t know what your doing. Don’t do anything until you're ready. If you want to learn more, do so. Take as much time as you want gaining knowledge. You want to make sure you know the current conditions of the stock market before you invest. A few good books to learn about stocks and investing are One Up on Wall Street By Peter Lynch and The Essays of Warren Buffett: Lessons for Corporate America by Warren Buffett and Lawrence Cunningham. Or you can go over to various financial websites. A good article people just starting out can be found at the Motley Fool's Guide to Investing
In the coming sections we’ll talk about starting your own e-business and making money online from multiple income streams. You read information on getting your Website started, and how your site(s) can generate money. Whether your starting your ready to start you first online business or are just learning how to navigate the Internet, the Web is a great inexpensive place to make extra money.
More on that next
For those just joining us you can find a review of the last section here here .
Before we continue with Part Two, I think it’s important to address some common misconceptions about what money can do for you.
The first misconception is important and some of you will be disappointed when I say money will not make you happy. There’s an old saying “money can’t buy happiness.” You can’t gain happiness through a bunch of little green pieces of paper. You are the only one who can make yourself happy. You can have all the money in the world and still feel miserable.
Secondly, having more money will not solve any problems besides financial problems. It’s be best to try to solve these problems before you seek ways to get extra income. Besides what good is it to be wealthy if you are always unhappy? So, extra money will only give you financial security, which gives you time to focus on personal growth, enjoying doing the things you love and enjoying time with loved ones. With that said, lets continue on.
As stated in yesterday’s post the key to making money work for you is to turn your earned income into flexible income. There are a number of ways to earn extra income doing this.
The first and most simple way is to start saving money. If you save 5 dollars a day you will have 12,600 dollars in ten years or 25,200 dollars in twenty years. The thing about saving money is it’s sometime difficult to stay committed to saving money. People are tempted to buy impulsively when they see something they want. If you get into the habit of putting a bit of your paycheck into a savings account, you will thank yourself later. But it takes a long time to save a lot of money. What if you want to have more money in a few years instead of waiting twenty?
You can invest in the stock market. “The stock market? But that’s too risky.” Only if you don’t know what your doing. Don’t do anything until you're ready. If you want to learn more, do so. Take as much time as you want gaining knowledge. You want to make sure you know the current conditions of the stock market before you invest. A few good books to learn about stocks and investing are One Up on Wall Street By Peter Lynch and The Essays of Warren Buffett: Lessons for Corporate America by Warren Buffett and Lawrence Cunningham. Or you can go over to various financial websites. A good article people just starting out can be found at the Motley Fool's Guide to Investing
In the coming sections we’ll talk about starting your own e-business and making money online from multiple income streams. You read information on getting your Website started, and how your site(s) can generate money. Whether your starting your ready to start you first online business or are just learning how to navigate the Internet, the Web is a great inexpensive place to make extra money.
More on that next
Make Money Work for You: Part One
Turning the Tables on Money
As stated in the last post I recently read a book that made me aware of the financial opportunities around me.
Most people work hard for money all their life, but barley have any money left for retirement. The cost of living is increasing and American's live in a rapidly changing economy. Right now we are in a 12 trillion dollar economy- and it’s growing. Things are changing at rapid speed. Yet, there is still a great divide between the rich and poor. What is causing this division is the lack of education, not only academic education but, financial education.
Improving your financial education is the most crucial thing some people don’t realize, ignore or disregard when trying to increase their income. How do I make my money work for me? Is a question people want to ask themselves. There’s more to life than worrying about downsizing, outsourcing and complaining about your job. If you can get a tiny fraction of that 12 trillion dollars coming your way you probably won’t have to worry anymore.
Some people realize they can live their best life, but see no way of doing it. They have a good education, they have a job, which earns them five figures, but still are struggling. There’s an interesting shift that is occurring between salary and education in the 21st century America; a good education sometimes isn’t enough to be financially independent. What does it mean to be financially independent? It means making more than what you spend and only going to work by choice.
There are a lot of people who have college degrees and or even PhD’s but, aren’t making enough money to make ends meet. Some people of the younger generations are quickly catching on to that fact. They see movies stars, glamour queens, athletes and other highly paid figures who regardless of the fact of whether or not they gone to college, are earning more than enough to be financially secure. This creates a drive in some of people have that kind of financial security. There’s more to life instead of being worried about money all the time. People want to have time to enjoy their family and friends or devote some free time to developing personal growth.
There are many who are creating their very own companies on the internet. They are tech savvy and very ambitious.
This is not to say everyone should not go to college or quit their jobs immediately and become business owners. That would be about as smart as trying to fly a plane without knowledge of how a plane works. Getting a good education and gaining knowledge are one of the keys to becoming successful. Everyone needs a good education to build the foundation for the rest of their life. But the in addition to required classes, school’s should also teach finance and possibly business.
I’m also not saying being an employee of a company is a negative thing. Being an employee helps people learn how businesses work and this valuable knowledge will help people who want to start their own business. If your job is making you or your family financially secure and you have enough security for the next generation, that’s great! The main point I’m stressing is people need to build up their financial intelligence; the younger you are the better. If your job isn’t giving you security there are alternatives out there. For those people who are giving this serious thought think about it in this way: your life is your job, not your job is your life. It is your job to make sure you are happy healthy, wealthy and wise.
One thing getting stuck in the “rat race” does is it makes individuals focus on their jobs and how much money they are making or not making. But they need to start asking themselves "who am I making money for? Myself, the company or my boss?" It would seem like they are making money for themselves but, a chunk of their paycheck goes toward someone else's income.
Don't quit your day job just yet and don't think about dropping out of school unless your start-up is generating cashflow, just start building your financial intelligence. As Robert Kiyosaki writes financial intelligence is knowledge of “accounting, investing, understanding markets and the law."
The key to becoming financially secure is turning earned income into passive income. We'll have more on that tomorrow.
As stated in the last post I recently read a book that made me aware of the financial opportunities around me.
Most people work hard for money all their life, but barley have any money left for retirement. The cost of living is increasing and American's live in a rapidly changing economy. Right now we are in a 12 trillion dollar economy- and it’s growing. Things are changing at rapid speed. Yet, there is still a great divide between the rich and poor. What is causing this division is the lack of education, not only academic education but, financial education.
Improving your financial education is the most crucial thing some people don’t realize, ignore or disregard when trying to increase their income. How do I make my money work for me? Is a question people want to ask themselves. There’s more to life than worrying about downsizing, outsourcing and complaining about your job. If you can get a tiny fraction of that 12 trillion dollars coming your way you probably won’t have to worry anymore.
Some people realize they can live their best life, but see no way of doing it. They have a good education, they have a job, which earns them five figures, but still are struggling. There’s an interesting shift that is occurring between salary and education in the 21st century America; a good education sometimes isn’t enough to be financially independent. What does it mean to be financially independent? It means making more than what you spend and only going to work by choice.
There are a lot of people who have college degrees and or even PhD’s but, aren’t making enough money to make ends meet. Some people of the younger generations are quickly catching on to that fact. They see movies stars, glamour queens, athletes and other highly paid figures who regardless of the fact of whether or not they gone to college, are earning more than enough to be financially secure. This creates a drive in some of people have that kind of financial security. There’s more to life instead of being worried about money all the time. People want to have time to enjoy their family and friends or devote some free time to developing personal growth.
There are many who are creating their very own companies on the internet. They are tech savvy and very ambitious.
This is not to say everyone should not go to college or quit their jobs immediately and become business owners. That would be about as smart as trying to fly a plane without knowledge of how a plane works. Getting a good education and gaining knowledge are one of the keys to becoming successful. Everyone needs a good education to build the foundation for the rest of their life. But the in addition to required classes, school’s should also teach finance and possibly business.
I’m also not saying being an employee of a company is a negative thing. Being an employee helps people learn how businesses work and this valuable knowledge will help people who want to start their own business. If your job is making you or your family financially secure and you have enough security for the next generation, that’s great! The main point I’m stressing is people need to build up their financial intelligence; the younger you are the better. If your job isn’t giving you security there are alternatives out there. For those people who are giving this serious thought think about it in this way: your life is your job, not your job is your life. It is your job to make sure you are happy healthy, wealthy and wise.
One thing getting stuck in the “rat race” does is it makes individuals focus on their jobs and how much money they are making or not making. But they need to start asking themselves "who am I making money for? Myself, the company or my boss?" It would seem like they are making money for themselves but, a chunk of their paycheck goes toward someone else's income.
Don't quit your day job just yet and don't think about dropping out of school unless your start-up is generating cashflow, just start building your financial intelligence. As Robert Kiyosaki writes financial intelligence is knowledge of “accounting, investing, understanding markets and the law."
The key to becoming financially secure is turning earned income into passive income. We'll have more on that tomorrow.
Make Money Work for You
As stated in out first post, we will explore how to harness the power of money and learn step by step how to make it work for you.
I recently came across something that changed the way I thought about money and income in a book called Rich Dad, Poor Dad
by Robert Kiyosaki. This book explains how a person can generate wealth by doing relatively simple things like saving, investing and creating multiple streams of income.
It’s a New York Times Bestseller and is a great read to get yourself in the mindset of increasing your income and working at home. Intrigued by the book and hungry for more information I searched the internet. I came across more even more valuable information all over the internet. It was so useful to me, I thought I'd share it and pass along the gift of financial knowledge to anyone seeking it. The websites I found the most useful will be added to the links section in the days to come.
Next up turning the tables on money.
I recently came across something that changed the way I thought about money and income in a book called Rich Dad, Poor Dad
by Robert Kiyosaki. This book explains how a person can generate wealth by doing relatively simple things like saving, investing and creating multiple streams of income. It’s a New York Times Bestseller and is a great read to get yourself in the mindset of increasing your income and working at home. Intrigued by the book and hungry for more information I searched the internet. I came across more even more valuable information all over the internet. It was so useful to me, I thought I'd share it and pass along the gift of financial knowledge to anyone seeking it. The websites I found the most useful will be added to the links section in the days to come.
Next up turning the tables on money.
Daily Insight Replaces The Stanton Report
For reader's who are familar with the blog The Stanton Report this blog is the successor to The Stanton Report,I unfortunately had to take it down due to spam and other problems. The information from that blog will gradually be transferred into this one.
First up Make Money Work for You.
First up Make Money Work for You.
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