Tips to build an Internet Business from A to Z- Eric's Tips

This will be of interest for everyone keen to make money from an Internet business. Eric Holmlund who writes Eric's Tips on Internet Businesses seems to be in the process of making some serious changes to his newsletter (and probably his entire business model).

Eric is apparently quite a successful Internet marketer with a pretty strong reader base for his blog/newsletter. He was also one of the co-founders of the The Next Internet Millionaire "reality show"--- so he undoubtedly knows more than a thing or two about generating revenue via the various mechanisms available on the Internet.

He's promising to teach folks everything from scratch to build a successful Internet business -- and he is planning to do that with about 120 lessons. The video screen captures he intends to use for the lessons should give a very clear idea of how exactly things are done. So, I suppose, the least one could be expecting are some practical tips to build an Internet business. I'm sure everyone loves step by step, practical instructions.

For reference, below are excerpts of what Eric wrote in his most recent blog post/newsletter, where he divulged plans to start with the 120 lessons for an Internet marketing business.

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I'm going to teach you how to build an internet business from A to Z. I'll start at the very beginning and take you through the entire process, paying careful attention to EACH step along the way (I'll be teaching most of it through screen-capture videos, so you can SEE how to do it). Essentially, this will be a course that I could sell for $2000+, but you will be getting the entire thing just for being a reader of my newsletter.
....... there will be approximately 120 lessons. .... My goal is to finish teaching you the 120 (plus or minus) lessons by the end of October. I'm dedicating Eric's Tips to teaching you exactly what you've been asking to learn. I only ask that you get involved by posting your comments and questions after each lesson, so I can make it the best interactive learning experience that I can.
I'll be in touch soon with some more information about HOW and WHY I'm doing this.....

MLM schemes: Making you rich or leaving you poorer?

How good are MLM (multi-level marketing) schemes (some folks call it scams!) at helping you get rich? Do they really work and deliver on the six-figure passive income they promise, "after a few months of focused hardwork?".

To be honest, I am not sure. I've watched some close people around me wax eloquent about the benefits of one of the world's most popular/ succesful MLM chains. They claim to be making tons of money each money from the few hours they put in; and let's face it, some of them even seem to be having a lifestyle that seems to make it seem true. On the other hand, I've also seen some others who continue to work at it while their overall condition belie the claims they are making.

Well, if you read Tracy Coenen's post, MLM schemes are a surefire way to lose money. According to her, "....the chance of actually making any money in MLM is very, very slim." And her advice regarding the common task of recruiting friends and family? " The only opportunity you're really giving them is a chance to lose money. Spare them and yourself the agony! "

The truth is probably somewhere in between--- may be MLM schemes do help make mone for those who relentlessly pursue it and are willing to go to great lengths, including investing time and money, to get those tantalizing riches. For those who thought MLM was an easy way to make pots of money, reality might be quite bitter.

The sooner you realize that there is no easy money, the faster you can get your head to make money and grow rich.

Start your own business!

If you wanted to be really wealthy, then running your own business is the way to go. Of course, there are rich salaried people too and working for a company might be a lot less stressful in the near-to-medium term, but there's a lot more to be gained in starting and running a successful business enterprise.

Of course, starting a business is by no means extremely easy; but if you can start young and devote yourself to it, you are giving yourself much great chance for success. Rhonda Abrams of ThePlanningShop, publisher of books for entrepreneurs, gives some simple tips to start a business to graduating students of 2008 (personally, pay particular attention to the last one: work hard! ... and of course, work smart!) . While you are it, here's a simple tip from me to build a sustainable, successful business: Start small, but think big.

Tips to budding entrepreneurs from Rhonda, published in this article in USA Today:
• Do something cool. Lots of people succeed in business doing something completely mundane — there's plenty of money to be made selling dental supplies. But you're young, so do something fun, challenging, interesting.

• Choose a business that will make a difference. Go ahead, start a business that will save the planet, people or animals. The hottest thing in business today is "social entrepreneurship" — for-profit companies with a greater purpose. You can make money and make a difference.

• Develop a business plan — at least a very simple one. Sit down and think through what you're going to do, how you're going to do it, and how much money it will take. And you'll need a business plan when you go out and raise money to fund your new venture.


• Choose a concept with low start-up costs. After all, you're broke. But I was broke when I started my first company. Internet-based companies can be dirt-cheap. There are still plenty of opportunities in social networking and user-generated content sites. Personal and business service businesses are also inexpensive to launch.


• Start with a friend, or friends. But draw up a simple agreement to clarify who owns what, who does what, and what happens if someone drops out (Hint: They should lose everything). Hey, you could be starting the next Facebook; you don't want them coming back and suing you for their share of the billion dollars.


• Make a sale. Find someone to buy what you're selling, whether it's an ad on your Internet site or a client for your service business. Nothing teaches you more — and emboldens you more — than having a real customer.


• Get some good business advice books. Even through you made it through college using Wikipedia, I know just how much is missing — and how much misinformation there is — on the Internet. And I'm not just saying this because I write business books — honestly!


• Work hard. You thought you worked hard in school? I know you did, since most students must work while they go to school. But you're going to have to work even harder to make your business a success. Don't let that discourage you — you don't really need sleep at your age.

Tips to save money on everyday items

As a big believer in the 'save money' credo, I constantly look out for ways and means to do so. Since every small thing adds up eventually, it often starts at home and everything we do routinely. Think about these and you'll realize most of it is pure common sense, but these are things that get overlooked more often than not.

Take for example, gasoline. With fuel prices shooting through the roof, saving on fuel can actually make for significant savings. This article in thestreet.com lists six ways to save money on gasoline: combine trips; eliminate unwanted trips or carpoool; fill your tires; change your oil and replace air filters; empty your trunk (or boot, as some people prefer to say); and lastly, use the Internet to find the best prices in your area!

Weekly grocery can be another major component of a family's monthly spend. Here, you can choose to visit the premium supermarkets and pay accordingly or save as much as 25-40% by visiting discount grocery stores. As long as you don't have any qualms about being seen in a discount grocery store, there's a lot to be gained. Even if you take the potential savings very conservatively, say 10%, you know how much discount grocery shopping can shave off your monthly expense list.

Changing the way you buy food and what you eat are other effective ways to save money. Some others now prefer to grow their own food and find it a lot cheaper in the long run. It might seem inconvenient and a waste of time initially (granted, it might be impractical to do depending where you live), but if you can and are willing to put in the extra effort initially, you are bound to save quite a bit of money.

More to follow in this series...

Saving money by looking poor!

Many believe, "if you've got it, flaunt it" (and I am talking about money and wealth here), and then there are others who prefer to mask their richness in a veneer of simplicity.

Of course, there is nothing right or wrong about either of these approaches to display how wealthy you are, it is a matter of what one is most comfortable with. Undoubtedly, people from the opposite schools of thought will view things differently- those who believe in flaunting wealth will look down upon those who "act" poor as being cheapskates and behaving below their dignity; and the silent rich probably view the 'wealth demonstrators' as being brash and arrogant.

Now, we know the benefit of being seen to be rich; the perception of money can open several doors. What if I told you there are several benefits of looking poor too? Check out this article titled "The benefits of saving habits that make you look poor" by Shannon Christman, where she lists quite a few interesting benefits.

The fact is the rich have this ability to attract wealth; quite literally money follows them. They get wealthier by getting more money and saving more money than the average person; so what if the savings come from living and behaving a bit poorer than you actually are?

I'm sure not many folks agree... check out the comments to the above article to get a nice insight into how people look at having money, enjoying it and displaying it..

How to make money with niche blogs: the truth & the myth

Tales of Internet millionaires and multi-millionaires galore. Each day you hear of n number of folks who are generating bucketloads of cash on the Internet---- some of them with active sales and others with a more passive strategy.

So, is it true that there is money to made on the Internet? Absolutely, yes. There are numerous ways to generate an income, with some better than the others as it is with almost everything--- I will cover many of these going forward. It is also true that the barrier to entry is very low ie. literally, any one can get started with trying to generate an income using the Internet.

If that is the truth, then what is the myth about making money on the Internet? That it is VERY EASY to do so. Again, it is very easy if you know and understand everything about the "business". For example, if the plan is to make money with niche blogs, then the easy part is to know how to get a blog started. The challenging part is to create the content, attracting an audience and determining the best way to monetize the blog. This can take time and sustained effort. This is where many folks give up easily, when they feel that the promise of "easy money" has been misinterpreted to mean money without effort. As the saying goes, the only place where success comes before work is in the dictionary.

Anyway, talking of niche blogs, I saw an article on making money with a free fitness blog by somebody who specializes in the fitness industry. While the author talks about a fitness blog, the basic philosophy (create good original content and offer something of value to prospective readers and users) and approach can be applied to any niche that you are interested and passionate about. Check it out.

If you are serious about pursuing blogging as a money-making activity, and not merely as a hobby or a passive income generator, then you might want to consider investing in a course like that offered by BlogClassroom. Mind you, it costs about $497/-. So, think before you leap!

How to make money in real estate in south east Michigan

This piece will be of interest to those interested in making money with real estate in the United States. It might seem rather ironical and counter-intuitive that an event on making money with real estate is being held at a time when the property market in the US has been badly hit (and pulling down a whole lot of other sectors along with it!). Then, opportunity lurks in the rubble and smart investors are those who can mine such hidden opportunities.

Mark Maupin, who has been in the real estate business since 1984, is organizing a one-day event that will show investors how to make money in the declining real estate market in Michigan. Since 1984, Mark has purchased in excess of 3,500 single family homes and many multi-family properties, giving him a unique perspective to identify and grasp the potential in real estate and develop new and creative ways to maximize its potential.

To be held in Laurel Manor, 39000 Schoolcraft Rd; Livonia, MI 48150, from 6pm to 9pm on June 19, 2008. , the event will help attendees:

• Find buyers for property before you make the acquisition
• Find partners to acquire property
• Control the deal from beginning to end without putting your own money into it
• Buy properties at rock bottom prices
• Buy Property like the “Big Guys” and how to compete with them

More information on the event is available at http://www.megaeveningevent.com/.

Welcome to Wealth Harvestor

Hi there!
A hearty welcome to this blog! If you are looking for simple, down-to-earth tips, news and information about creating and sustaining wealth, then this is the right place.

Not the high-end stuff that portfolio managers talk about-- but small and simple things that affect most of us in the middle-class. Everything from maximising returns from your bank account, to planning and saving taxes (legitimately!), generative passive income, etc.

Hope you enjoy and profit from the information and tips provided here.

See you around; and do leave your comments and feedback.