As i stated earlier this year i will go the extra miles to bring to the readers of my blogs inspirational information that would inspire and transform their lives, career and businesses. Today, i am sharing the true life success story my online business coach and mentor, in the person of Yaro Starak. You will be inspired with his success story. Keep a date with us here and don't be selfish, share this information with your friends and colleagues and tell them about this blog and the information we are dishing out here daily and let them join us to feed their mind with the right food for thought. Now hear Yaro out.
Blogging and the internet have well and truly
changed my life…
Thanks to the work I put in over the last few years I have
generated over a million dollars from the Internet.
I’ve purchased a half million dollar inner-city
apartment in Brisbane Australia where I live, investment properties, a BMW and
helped support my family.
In 2008 I packed up my laptop, got on a plane
and traveled around the world, stopping in 23 cities over 8 months. I started
in Fiji, then headed to Hawaii, Vancouver, Toronto, Las Vegas, Chicago, New
York, Winnipeg (to visit my grandmother), Montreal, Quebec, Glasgow, Edinburgh,
London, Brussels, Amsterdam, Paris, Rome, Florence, Venice, Naples, Athens,
Dubai, Singapore and then back home.
While at home I spend a couple of hours a day
writing on my laptop at cafes, and the rest of the time I do whatever I like,
including tennis, dinners out with friends, skating, movies, reading, working
on new projects, trips to the beach and sometimes nothing at all.
As you can see, if you set up the right kind of Internet business,
you gain financial freedom and time freedom, which is something most people only dream
about, especially if you currently have a day job that you despise.
Of course it wasn’t always like this for me and
it has taken a long time to bring together the necessary ingredients to live
this sort of lifestyle.
With the power of hindsight I’ve come to realize
that there is an order, a process of development I have gone through to reach
the present point. The order for me went something like this –
1. Figure out exactly
how to make money from the Internet.
2. Start testing ideas
until I find something that brings in my first income stream.
3. Figure out how to
turn a trickle of income into enough that I can live off it.
4. Once I made enough to
live off, I still wasn’t happy because I didn’t enjoy the type of business I
was running.
5. Figure out what I
enjoy and am good at, and use that with my knowledge of how to make money to
come up with a business that is both fun and profitable.
6. Realize that I have
created a great business, but it’s too dependent on me, so if I stop working,
the business starts to decline.
7. The final step –
develop my business into something that makes enough money, doesn’t need me to
survive and when I choose to, I do work I enjoy.
The perfect situation as I see it is owning a
website business that generates more than enough money to live off, that runs
without you or requires very minimal upkeep so you can travel and do other
things, and there is work you can do when you want to that is fun and rewarding
(because if you are like me, just living a perpetual holiday gets pretty boring
eventually!).
Now let me take you back to how I began this
process…
How I Set Up My First
Money Making Website
When I first went online it was 1998 and I was
an undergraduate university student at the University of Queensland, in
Brisbane Australia.
I spent a couple of years focusing on my studies
and in my spare time, playing with the world wide web. This was during the days
of online chat rooms, bulletin boards and newsgroups, and the start of the dot
com boom.
Eventually I became interested enough in the Web that I wanted to
have my own website. At the time I played a card game calledMagic: The Gathering (it’s like poker with dragons and elves thrown in). I was a
competitive Magic card player, which meant that I played in tournaments and was
serious about the game. Naturally my first website was dedicated to this card
game.
My website grew slowly, initially off the back
of my own effort to write articles about the cards, and later with the help of
other card players from around Australia who submitted articles. Later I added
a trading forum to the site so people could buy, sell and trade cards. This
immediately boosted my traffic and kept people coming back every day to trade
cards.
Although my website wasn’t huge – at best I had about 500 visitors per day – I was able to make some money from it. I
sold banner advertising to sponsors, mostly card game shops in Australia. They
paid me about $50 a month to place their banner on my site. Some also paid $100
to place an advertisement in the newsletter I sent out to all the members of
the card trading forum.
By the early 2000s my website was making between $500 and $1,000 a month. I consider this site my first true success
story. I didn’t make enough from it to live off, but as a university student
living with my parents, it was more than I needed.
How I Increased My
Online Income So I Never Needed A Job
Eventually I grew bored of playing the card game and sold my Magic website for
$13,000, giving me some money
to invest in a new project (and move out of my parents place!).
My next website was
different. I wanted a real business with real potential for growth. This was
the peak of the dot com -To be continued tomorrow. Dont miss this!
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