MangoXL’s Blog

Nowadays, it is foolish for you to start a business that you need to stock inventories. Stocking up inventory is just too risky. It takes up space, and product cycle now is so short that your product such as MP3 player will be obsolete in 3 months. So in the internet age, what do you do?

The secret is to sell information. Information can be in many forms. A blog such as this is information. You write and publish some articles. You earn incomes by showing ads. The money will be flowing in while you are sleeping. No orders to take, no inventory to stock.

Directing peole to sites that offer products is a form of information selling as well. This is the affiliate model. You do not want to just sell other people’s product, the entry of barrier is just too low. You want to create your own products or services. You can consider to use site such as Cafepress. You can upload an image of your creation to the website, and the image can be added to products such as coffee mug, T-shirt. The site will handle all the transaction for you. All you have to do is marketing, directing traffic to your products.

We really like the internet business model where you create something in a couple hours and that something will start bringing you an income stream without additional works. We dont like to be work slaves. We want to spend time with our family and go travelling to see the world. So investing your time into businesses that have the internet business model instead of the traditional model.

This entry was posted on Saturday, April 28th, 2007 at 5:05 pm and is filed under Beginner, Online Incomes. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site. Your comments will be moderated but will appear as soon as humanly possible.