Internet Business Blog By Iyabo Oyawale

Is It Possible to Get Rich Quick On The Internet?

Today,I am not going to answer any question.Rather,I am going to ask you a question,Is it possible to get rich quick on the Internet? I know you have seen and heard several get rich quick on the Internet claims and I may have at one point or the other promised a get rich quick claim(hey,I’m being honest here).Marketers use a lot of hype when marketing and that includes my humble self.

But the truth is,a lot goes into building an Internet Business such that it would be improper to say it is a get rich quick process.While there are tremendous possibilities on the internet, you have to be patient. Far too many people go into a business expecting to get rich over night. There are some things you can do to speed up the process, but do not expect to go from rags to riches over night.

In many ways,building an internet business is not different from building a traditional business. It takes the same effort,time,energy,planning,etc to run an offline business successfully.An offline business does not turn in profit from day one,same for an online business.And if you will permit my bluntness,it is virtually impossible to get rich quick on the Internet(I may be wrong,so,you can leave your views below).

The first thing to consider when you want to start an Internet Business is to ask yourself the 5Ws and H.If you are a ‘retired journalist’(laughs) like me,you already know what I’m talking about.In journalism,we have the 5Ws(what,who,where,when,why) and H(how) of a news story and if you are writing the report of an incident that has taken place,your report must contain all those elements or else,it won’t be considered complete (gosh,this reminds me of my Journalistic days).As an intending Internet Business person,you must ask yourself the 5Ws and H,that is:

1.What-what am I going to sell online which people will gladly give me money in exchange for? Is it a product or service? This largely depends on your hobbies or personal experience as well as a market need.Locating a need in the market and deciding to fill that need.This way,you are assured that people already want what you want to produce,so,you don’t need much convincing to sell.This is largely true for someone who wants to go into the Infoproducts creation and marketing business because anyone who has been online for sometime nows there are different business models on the Internet.

2.Who-who will buy what I am going to sell online? This involves being able to single out a market that you are going to serve on the Internet.I have told you times without number that Internet business success does not come from serving everybody.It comes from having a small market and really satisfying that market.To be able to single out a market to serve,it will help to read this article I wrote on finding a profitable niche market.

3.Where-This involves asking yourself where you are going to be selling what you intend to sell.Is it on a blog,website,etc.It also involves deciding where you are going to advertise your products or services.

4.When-This involves asking yourself when you are going to launch your product or service.Or when you’re going to advertise.Is it everyday,every week or what? You decide that.Timing is very crucial to the success of any venture.For instance,you cannot make much money from a cold drinks business during the rainy season,so,launching such a business in the rainy season is disastrous as you will be frustrated,people drink cold drinks during the hot season.

5.Why-Why am I going into the business? Because I have a flair for it or there is a need for such a service online? You need to be able to come up with your why.”Findyourwhy”,so,says,John Di Lemme. What is the purpose behind your starting an internet business?

6.How-If it is a product business you want to run,you ask yourself,how am I going to create my product? Is it by writing myself or hiring a ghostwriter? Is it by interviewing an expert.Discover how to create your own product without writing a single word by clicking here. If it is a service business,how do you want to deliver the service,via email,on your website or what? You have to determine your how at this point.

That is it: the 5Ws and H of starting an Internet Business.They will no doubt help you in streamlining your thoughts and plans.

Having said that,let me say having a plan is really the first step in starting a successful Internet business.Setting goals and stating how you want to achieve your goals will help a lot.Now,put everything on paper,don’t just let your goals roam endlessly in your mind,concretize them,put them on paper.Give life to them and they will no doubt come to pass.

After developing an extensive plan it is time to build the business. Depending on which internet business model you have decided to run with,you now have to create a web site, generate content, make it visually appealing and easy to get around. You will come to learn that your web site will never be completed. In order to stay ahead of the competition you constantly have to be adding fresh content and new ideas.

Now that you have a web site up and running, it is time to promote the internet business. It is crucial you take the time to advertise every day for an hour or more. The only way you can earn any money is if you have traffic coming to your site. Therefore, your marketing campaign is one of the most important facets to the business.

While it is not going to happen over night, eventually you will begin to have a steady flow of visitors. However, getting traffic to your site is not enough. You have to turn these visitors into customers through your web site and customer service. And in order to have a successful online business,you have to learn how to turn one-time customers into loyal customers. This is a great way to become successful rather quickly.

So as you can see,a lot that goes into building an internet business. There are programs you can join to speed up the process, but even then there is extensive marketing needed to have success(eg.Affiliate Programs). If you are patient and determined,the internet offers possibilities you will find nowhere else around.

And as a concluding remark,always see all your efforts geared at making money online as sowing seeds.Seeds have to germinate,grow into a big tree before they start bringing out fruits,same with your Internet money-making efforts.They go through the same cycle but I tell you,if you are the patient type,you will reap a lot of money from the Internet because the Internet is a cash cow,I can tell you after 5 years of being online. That’s the Law of Nature and nothing can be done to circumvent it.A seed has to germinate,grow into a tree before starting to bear fruits.I rest my case but not without asking you my earlier question,Is it possible to get rich quick on the Internet? I expect to hear your views,let’s make this as interactive as possible.

Iyabo Oyawale,
Patient and determined Internet Wealth Seeker.

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