Saturday, October 17, 2009

how to get rich

How do I make money online, and how do I get rich online are actually not the same questions. Getting rich online involves building money making processes that will work in place of you. Making money online requires that you do something once and get paid. If you tried to get rich online by doing all the work yourself, it would take you a lot of time. Your time is limited, but if you invest a small amount of money, or time automating processes, the time you take can pay for itself, and continue to pay you. In this sense, you can create an unlimited source of time as the money you earn can continually provide you with more freedom to do what you want when you want it.

To be rich means financially free. Having a large mass of money does not make you rich because you spend it and the money is eventually gone. Ask any lotto winner if they feel rich today. 90% of lotto winners end up in roughly the same financial shape or worse within only a couple years. This is because they do not have things that continually pay them, they instead use their money as an excuse to buy things on credit, and they continually have to have money com out of their bank accounts.

What makes you truely rich is to have the time and energy to spend doing what you want with who you want, and to have the ability to pay for it without sacrificing your ability to do things like that in the future. So that means in order to get rich, you will actually need assets, processes that pay you.

There are a number of ways to do this.
The most simple way is to do good niche research, and start a blog. Then make your blog posts fairly long and submit them to not only your blog but to article directories as well. Now the articles will over time, bring visitors to your blog, and they may either buy your reccomended products which will earn you a comission, or they will click on advertisements you have put up which will help earn you cash as well. If you write enough articles over a long period of time with enough links to your blog, you will have an asset that works for you.

But the real secret to going beyond this is to continue to automate processes that will help automate your wealth and so on. Another tier of this would be to put up a newsletter subscription box, and then you have emails send on a regular basis for a long period of time. Or perhaps with some cash you pay for someone to write articles. Pay them $5 an article, submit those articles to 50 article directories, and watch as eventually the traffic you get will pay for that $5 and then continue to earn, allowing you to continue to pay for new articles.

So will that make you rich? perhaps, but what if you were to continually reinvest in this sort of automation. What if you also automated in the article submission. Now you could use your time to create another blog like this and go on with the entire process and eventually have people that help keep that business automated. Take it one step further and you pay people to automte new blogs, and then you buy software to automatically create blogs. Then you might hire people to create a script for you that will automate the process even more, and you can start to free the time of all your employees as well. Eventually you can higher employees to get those software scripts going, or you can pay for more hard drive space, you can pay for someone to do the keyword research and everything.Now your business grows, your amount of systems grow, the magnitude of that system grows, and the rate at which it grows also will grow and you will have a very exponential effect on the amount of money you make each month, and the amount of time you have to make it.