A few years ago, there were a lot of big internet companies that went bankrupt. We’re talking about the “Big dot com crash” that followed the “big dot com boom”.
So maybe you are nervous about this whole internet business?
I will tell you how you can lose in a big way. How can you avoid this from happening?
But first, a little story that shows you how important this lesson actually is. And let’s see if you can find the secret ingredients for success listed here:
A year and a half ago, I was feeling very tired from working too much. Not only that, but I lost several cases in court (due to a lousy lawyer) and ended up with large sums of money. Therefore, although my business was paying off well every month, the debts in many cases exceeded this income by many times; I can see fees added to my debts every day.
So I decided to quit some of my work in a field that paid very well, but that also took about 5-10 hours of work each week.
I knew from experience that the field would be paying about $1,000 a month in advertising around Christmas, and a little less for the rest of the year, so I put it up for sale for at least $12,000.
I have written to many people who I consider serious businessmen. I also wrote to my own lists and introduced them to the field. I told them that it would probably continue to bring in that income for a few more years (maybe longer) and that it wouldn’t require any work from them.
No one even offered me an offer!
So I kept the domain, but stopped working on it.
Today, he no longer gives me $1,000 a month right before Christmas. He’s now giving me $1,500 a month. And before Easter, he completely ran out of it and spent more than $2,200 in one month. With no business from me at all! In fact, I had left the site a year and a half ago.
Is this crazy or what?
Do you see the hidden secret that makes the difference between failure and success?
It is “taking action”.
A 100% success rate will not be guaranteed, but there is only one way to find out.
So take action now.
You may be wrong, but then what? At least I tried. And if I’m not mistaken? Well, you will earn money.
And you don’t necessarily have to make big investments, like the ones mentioned above. You can get started for free, as long as you have the right ideas.