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Using the Web as a Wealth Generating Tool

During the last years the web changed from a little used network of data into an essential tool that everyone uses. Independent of the way you use the web, be it for emails, tweets, facebook, or whatever other sites, you are probably in contact with the web every day.

This change has provided a great opportunity for people interested in money generation. The reason is that you have at your disposal a channel for promoting your products and increasing awareness of what you’re doing, no matter what it is.

Using the Internet as your platform, you can easily create a new business and spread the word about what you’re doing. It is a process that is so much simpler than it was 10 years ago, because you can do everything from the comfort of your house. You don’t even need to have an office these days, specially if your business is 100% on the web.

Most people, however, have little interest in using the web to generate wealth. Many of them are happy just to spend the day reading news, or mindless gossip blogs, where they are not learning anything useful. Many of these people, however, will later complain that they have no opportunity to generate more money in their lives.

If you want to use to web to make money, there are so many ways. The most traditional one is to start your own web site, choose a niche for your content, and start to generate interesting pages that others will enjoy to visit. You can make big profits by creating something that you and other people like. A website like this one can become a really powerful money generation tool.

However, this is not everything! These days, people spend a lot of time on social networks, such as twitter and Facebook. You can use them for your profit tool. Just make sure that you spread the news about products that you are promoting. It doesn’t need to be in a way that will become a nuisance to your friends, but you can always talk about something that makes your life easier, and add an affiliate link for example.

A lot of people, even famous ones, make money like this. You can too, maybe just a little initially, but in the end you will get traction.

The most important use of the web, however, is to bring your business into attention. You can certainly use email, Facebook, and all these wonderful tools to promote the things that you consider important.

Did you create a new web page? Let your friends know. Have you written a new ebook? Why not let everyone following your tweets have a free chapter? All of these are simple actions that use the web as a secret cash machine. They amplify your communication power, and therefore put leverage in your hands.

Now, the next time you use the web, think about this. You can either read aimlessly through the sea of stupidity that you can find in the Internet these days, or you can use it to further your financial goals. At every level, you  can use the Internet to promote the things you do and to increase awareness of your business or brand. Why not take this opportunity and use the Internet to print money for you? I think this is the smart thing to do.

How To Improve Your Money Generating Skills

When we want to develop a certain skill, be it in the arts or science, we start a particular training program to improve our abilities. For example, a young basketball player you spend several hours per day trying to improving his basic skills. In the same way, a stock trader will try to improve his trading abilities doing a large number of small trades, until he “gets” the basics of the activity.

However, when it comes to making money and wealth generation, we don’t treat this as a learned skill. People think that you are born an entrepreneur or not, when in fact nothing can be further from the truth.

How to Learn to Make Money

Learning to create businesses can be taught, as long as a person is willing to do the required work. It may take time to figure out how to do product creation and marketing, for example, but once you learn how this works you can apply the skill anywhere.

The sad thing is that people stop doing things without even trying it first. It is like saying you don’t like chocolate without having even tried it. It is incredible! But people do this everyday with their money generating abilities. They say to themselves: this is something that I cannot do, I would never like to have a company with several employees… And this will create barriers that are artificial.

While there is no guarantee that you will became millionaire from doing one business, it is important to understand that generating your own money  has several advantages.

First of all, you are not an indentured slave in a job. What happens if your company is not there tomorrow, or next year? What kind of security you have if you cannot decide the next step in your career? You boss is the person making the decisions for you, is most cases.

When you decide to make money for yourself, on the other hand, you learn not only a particular skill, but also how to take charge of your destiny. You can create any business you want, based on your own desires, not something that others have imposed to you. Moreover, once you create your own business, you have the control over the money it generates.

For example, can you increase your bonus for the next year? Most probably not, because your boss is taking the decisions, which may be unfair depending on how much time you are spending. However, if you learn money generation skills you will be able to give your own salary increases, by just selling more products in the market.

Practicing Your Skils

To increase your wealth generation skills, you need only to practice them. Start with a small business. Internet business are the perfect stage for this phase, because you can start one with little risk, and then grow the business as you work more towards building it.

Then, another step is to work on your business full time — or, better yet, the time you would like to work. In this phase, you will be able to make a full time living from your online business. Then, you can progress to start other companies and businesses, if you so desire.

At the end of this process, you will start to achieve freedom, thanks to your own effort and money generating skills. You will have learned something really useful this time!

Making Money with Less Effort

In the quest to generate wealth fast, people will do a lot of things that seem to help on their quest. Ultimately, though, many of the traditional tactics used to generate more money don’t work as expected.

One of these techniques is trying to work even harder for money. If you ask poor people what they need to do to make more money, they will immediately tell you that they need to work more. This is a traditional view that comes from the work ethic so present in this country.

However, working harder ultimately doesn’t make sense if you want to become very rich. The reason is that the quantity of work doesn’t equate with the amount of money you make. In fact, sometimes just the opposite happens.

The Problem with Working too Hard

When you work too hard, you get out of your good mood and start to act mechanically. It is a process where instead of creating new opportunities you are working daily under the same assumptions. As a result, your work gets worse, quality deteriorates, and you may end up making less money as a result.

The other problem is that most people work under a fixed salary. However, there is only so much time in the day to use in a job. After you used all your available time, there is no way to increase your salary further.

To become wealthy, you need to increase your income by orders of magnitude. You cannot do this by just working harder. To get such increases you need to control a wealth generating asset.

Examples of such assets are companies, real estate, and web sites. If you create one of these, you can control the money generation for these assets in a way that can increase dramatically your wealth.

Controlling the Source of Wealth

For example, by starting a web site you can control how much content will be there, and what services will be provided. You can advertise the web site so that you can get more users. You can also hire people to improve the web site and get even more users. Finally, you can determine how to add advertisement of payed areas to the web site, which generates cash.

In the example above, you control all aspects of the money generating asset. The web site can be improved until you get potentially millions of users and, consequently, millions of dollars.

The same is valid for any other business, as long as you are able to control it and improved as much as you can. Compared to working harder, this is instead working smarter.

The nice thing about having a money generating asset is that, after it is created, you can just put somebody else to work and still control the money. Alternatively, you can sell the asset to an investor, and make even more money. For example, if you create a web site as in the example above, you could sell it for millions of dollars — and use the money without having to do any additional work.

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