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JK, honestly not really sure, but possibly still working hard - it's a difficult habit to kick especially when it works well
JK, honestly not really sure, but possibly still working hard - it's a difficult habit to kick especially when it works well
I believe the OP wants to know how online millionaires are making their millions.
Not posting here :)
But to answer the OP question, they are doing something different from anyone else and getting noticed by the big companies
What they are doing:
- Thinking outside the box
- Being leaders instead of followers
- Taking risks
- Testing, testing, testing (goes hand in hand with taking risks)
- Scaling the things that work
- Holding their cards close to their chests
- Smiling when they see their direct deposits :-)
Exploiting an inefficiency in knowledge or something illegal.
Most of the big players also have a team of staff support who use various tools to do the things necessary to get sites ranked in competitive areas.
Then there are the big ppc guys with huge monthly spends and do the same as the above guys, except they do checkbook seo ( a webguerilla term which means PPC) instead of organic.
2. To address the OP likely meaning of 'how acquiring':
By identifying undervalued niches or niche capacity and building serial and parallel methods of developing, maximising, and mining potential revenue streams. Hey, stop vomiting - that's straight out of my business plan - my beancounter loves it. :)
Pretty much what the others said.
Often in the old gold rush days an overlooked 'fraction' between two valuable producers made millions. Oftener the transport, supply, and entertainment companies made greater longer-lasting profits than the miners. There is no one 'right' way, to millions. Which means, sadly, we each have to find our own way and, gladly, that we can.
3. To answer the likely misinterpretation, 'what doing':
Most people tend to live up to their income. Unless they have created some evergreen revenue resource(s) the more they have to hustle to maintain their newly acquired tastes.
As has been mentioned many domain self-developers actually like what they do. The work day may decrease from 16 to an hour or two, though. And the best thing about a virtual business is that it can be operated from virtually anywhere.
[edited by: eljefe3 at 2:41 am (utc) on Dec. 12, 2007]
The majority of web profits revolve around the adult industry and prescription drugs.
[edited by: eljefe3 at 2:42 am (utc) on Dec. 12, 2007]
Yes, you are correct... please stay in those areas ;)
[edited by: eljefe3 at 2:42 am (utc) on Dec. 12, 2007]
Hmm, you might want to tell that to Amazon, Google, eBay, Craigslist, several major travel sites, and numerous other non-pron/non-drug sites.
[edited by: eljefe3 at 2:59 am (utc) on Dec. 12, 2007]
You're right, because you'd never find pornography for sale on ebay, craigslist, google or amazon...
[edited by: LifeinAsia at 12:20 am (utc) on Dec. 12, 2007]
[edited by: eljefe3 at 3:01 am (utc) on Dec. 12, 2007]
I think to reach this level you have to be lucky or smart enough to find a twist that someone else has not already done. For example, a designer who makes their own clothing line and brand, or say, an engineer who finds a way to improve an existing machine so it is more fuel efficient.
The other way could be to already have money and buy what someone else has created. Like Google buying PayHell.
The keys:
Find a niche with a clear, unbalanced market. In other words, lots of customers and not so many advertisers. This even applies to very competitive industries in some cases.
Master the art of PPC/SEO. Seriously...become the best you can be. And the only way you can accomplish this is by taking risk, working hard..and testing, testing, testing. Develop a system and tweak it until it's a finely oiled machine just chucking dollars out at you.
Rinse and Repeat a dozen (0r more) fold. If you've got it down pat in one industry, why not translate that success elsewhere?
Outsource...build your team of specialists to do the "grunt" work for you...leaving the most important tasks for yourself.
You don't have to do adult...you don't have to do drugs..you don't have to have a weird angle or quirk to make huge money.
There are a lot more affiliates out there grossing 1M per year than you think :)
Just go out and DO IT.
