Set your mindset for making money !

I met a guy in Walmart in 2001. He wanted to pull me into his business. (I’ll talk about his business after few weeks). Anyway, I wasn’t interested - but I still remember his words.

Prashant, you’re a programmer - You are in company of other programmers - They could turn you into a better programmer - but they can’t make you a businessman !

Yep, he was right ! If you want to make money, be in company with the people who talk about money, who think about money, who make money.

If you ask me about the SUCCESS FORMULAs, here is what has been working for me.

Get tough with yourself !

Procrastination kills ! Learn Time Management. Make best use of the available time and resources.

You don’t need to be THE BEST. Be BETTER than your competitors.

OK, enough preaching ! Let’s get back to the real subject

Main Methods of Getting Money On Internet

• Sell some stuff on internet like soft stuff (Something that could be downloaded.) (Software, Music, eBooks etc) or hard stuff (cell phones, books, electronics etc)
• Affiliate Commision - Sell other people’s stuff or send your visitors to their website
• Advertising - Put sponsered links, logos, Banners on your webpage or add code that displays ads based on the content of your webpage(Content Network)

Sure, I’ll discuss these things in detail, in next tutorials. Just keep in mind, we’ll use all methods.

No matter what kind of web based business you want to set up - unless there is traffic (I mean visitors), it’s useless. So key thing to online success is the TARGETED TRAFFiC and if you generate traffic at no cost or low cost, you won’t be poor anymore. Ofcourse there are hundreds of important things but Traffic is the bloodline of ANY online business

Those who are interested, could read this web traffic generation article. I’ll discuss my methods of generating traffic once we get more comfortable.

Learn to Track and Analyze the results

You must know what works and what doesn’t work. If you try 10 things, say 2 work very well, 3 work somewhat good and 5 fail - You must be able to take decision based on it.

Many times small changes or tweakings work like a charm - sometimes they create disaster. Tracking and analyzing save lots of time and money.

Action Items for You

Grab a notebook and pen. Be realistic while answering your questions. Set measurable and achievable goals. Be honest. No one is going to look at your answers. These questions will help you to analyze yourself !

• What are your hobbies ?
• How much money would you like to make in the next 12 months?
• How much time and money you are willing to spend for this?
• Are you happy with your job and lifestyle?
• Do you make New Year’s resolutions? How long do you keep them?
• If you get 1000 dollars, how would you like to spend?
• Can you sacrifice your favorite TV show for next 6 months ?
• Do you believe in savings ? or Spending ?
• If you own credit card, what are the things you buy ? Why?
• Can you think of 5 ways to make money out of your cell phone?
• Are you under debt ? (Bank Loan, Borrowed Money?). If yes, why are you under debt?
• Can you tell value of one US Dollar, Japanese Yen, Euro in your local currency as of today?
• Do you invest in stock market? Why?
• You’ve given a known problem and unknown problem? Which one would you like to solve first?
• Do you how much money you have in your pocket at the moment?
• Do you believe in ‘low risk low gain’ or ‘high risk high gain’ or ‘play safe’ philosophy?
• What are your financial aims 5 years down the road? What kind of risk are you going to do to achieve that?

Although most of you might have read already - if not - You must read Rich Dad Poor Dad Book by Robert Kiyosaki. This book disturbed me the most and forced to look at different money making options