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Can You Really "Strike Gold" Online?

- by Jim Edwards

© Jim Edwards - All Rights reserved

-------------------------------------------------------

I guess human nature leads us to this about every 30 - 50

years.

As a history major, I studied the gold rush of 1849, the

19th century oil booms, the stock market hustles of the late

1920's, the get rich-quick mail order schemes of the 1950's

and 60's and now the "Internet" gold rush of the late 1990's

and early 21st century.

When people perceive someone else getting rich with little

or no effort, they jump on the band wagon seeking fame and

fortune.

In reality, in any "gold rush," the ones who really get rich

represent the exception.

Unfortunately, people perceive those "exceptions" as the

rule, rather than the special cases they actually represent.

But, if you're bound and determined that you can be one of

the "chosen few" who get rich online, the following tips

will save you years of frustration.

** Little Oil Wells **

Don't try to get rich online with one gold

or oil "strike!"

Most people I know who do very well online

operate multiple websites targeting multiple niche markets.

They sell many products and make their money by creating

multiple streams of income rather than depending on a single

website to stake their claim for online riches.

** Solve Problems **

People go online to solve problems.

Whether they need to improve their job interview skills or

find a winter coat and hat for their Chihuahua, they want to

find products or knowledge they don't currently possess.

The more pressing the problem, the easier and faster these

people will buy.

The easiest way to make a fortune online involves finding

the most severe problems you can and charging for the

solutions.

** Sweat, Not Money **

Most people want to throw money at a problem and hope that

will get them what they desire.

This fact keeps the "get-rich-quick" schemers in business.

However, the best way to make money online involves getting

your hands dirty, learning a market inside and out,

discovering what they want to buy and why, and then selling

it to them.

Contrary to popular belief, throwing money at a problem

often won't solve it.

** Don't Compete **

The fastest way to make a fortune online involves persuading

other people to sell your product or service for you as an

affiliate.

However, nobody sells a product or service for someone they

perceive as "competition."

You must position your product or service in such a way that

others will eagerly promote it for you because they see you

as someone who complements what they already offer.

** Wants vs. Needs **

Circus and publicity guru, P.T. Barnum, expressed it best,

"People will spend their last nickel to have fun!"

People always find a way to buy what they want, but often

avoid spending on what they need.

** The Underwear Myth **

The "make money in your underwear at the kitchen table

working only 1 or 2 hours a day" represents the biggest

crock of !@#$% ever foisted on the public.

Anyone I know who makes a lot of money at anything, busts

their buns to get their projects off the ground.

Once they get a business up and running, it might only take

a couple of hours a day or week to keep it running, but they

worked their fingers to the bone to get things rolling.

And the real secret to their success: they repeat the

process over and over again!

--

Jim Edwards is a syndicated newspaper columnist and the

creator of an amazing course that will teach you step-by-

step and click-by-click how to finally create your own

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