How I Made My First Million on the Internet (Review and Analysis of Chia's Book)
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About this ebook
This complete summary of the ideas from Ewen Chia's book "How I Made My First Million on the Internet" shows that the Internet, though an extraordinarily powerful marketing machine, should be approached in the same way as real life business models. This summary suggests how to apply these measures to Internet marketing. Never go into a completely cold market, for example, but target a niche within a market that already exists. A profitable market will have the following online features: popular sellers on eBay/Amazon, they will be present on trend watchers such as TrendWatching.com, the business keywords will rate highly on search engines. Relationships are especially important in online marketing: people receive so many spam offers they want to be able to trust you before buying. Focus on the problem your product solves, rather than the product itself. When people contact you, be swift in your reply, even if that means they get an auto-responder first.
Added-value of this summary:
• Save time
• Understand key concepts
• Develop your business knowledge
To learn more, read "How I Made My First Million on the Internet" and discover the business models and how to apply them to the Internet marketplace, step-by-step.
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How I Made My First Million on the Internet (Review and Analysis of Chia's Book) - BusinessNews Publishing
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How I Made My First Million On The Internet by Ewen Chia
Book Abstract
MAIN IDEA
For all too long now, the Internet has been perceived as the home of the get-rich-quick
hucksters. That’s unfortunate because the Internet is clearly the most powerful marketing medium in the history of commerce. If you use the right business model rather than trying to get-rich-quick, it is entirely possible to build from scratch and then continue to grow a successful online enterprise.
The tried and true business model of the real world is now and has always required five components:
To make your first and hopefully subsequent millions on the Internet, use this blueprint. All of the universal business and marketing principles which apply offline are just as applicable online as well. You’ll just find that Internet marketing is easier, quicker and more cost-effective than you’re used to and sometimes get executed in slightly different ways. Plus, if you’re smart, you can build an online business as an additional source of income while you still hold down your day job. Technology makes lots of things happen on the Internet by autopilot – which can’t be a bad thing at all.
About the Author
EWEN CHIA is an award-winning international speaker and marketer. He started learning and experimenting with online businesses in 1997 soon after graduating from the Singapore Institute of Management. For five years, he worked from 11pm to 3am every day at building his Internet based business while continuing to hold down his full-time job in sales and marketing. In 2002, Mr. Chia’s online business became his sole source of income. He has since then gone on to establish Autopilot Internet Income in 2007 to promote Internet entrepreneurship. He specializes in the areas of affiliate marketing, affiliate management, list building, e-mail marketing, product creation and online branding.
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