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1. Making money over the internet:
A 5 step formula

2. Getting rich is the dream of many. And internet is a good
medium to get rich fast. But one have to do a great deal
of homework and consistent effort to get rich. In this
short exposure I will outline the five step procedure to
make money using internet.

3. Step1. Have a basic knowledge about internet.

4. Internet is a vibrant medium. It is also highly dynamic and
evolving. What is selling today may be considered garbage
tomorrow. So anybody planning to do an internet business
should have a basic knowledge about internet, its evolving
trends and the possibilities.

5. Step2: Get a business idea:

6. If you think that you have ingenuity, originality and
enough time, you can workout your own business idea.
Or if you are ready to research a little you can get enough
articles discussing original business ideas. If you are a
butterfly on the internet, you can adapt the idea from a
successful business site (of course without infringing the
intellectual property rights) and make your own
variations of it. If you are still lazier you can approach a
consultant for the purpose. The important thing is that
you must have an idea.

7. Step3: Work out the idea to minute detail.

9. Step4. Implement the business:

10. Once you have the complete idea of a web business you
must start implementing it. If your site permits you can go
for an incremental implementation, starting with a
minimum set of features and adding new features
gradually. This will help you to start earning from an early
stage. The advertisement can go side by side. In many
phases you may have to get external help or advice.

11. Step5 Constantly improvise.

12. As I have said earlier trends in internet are changing at a
rapid phase and if you do not make changes in the
interface and working style of your site will not be liked by
people. So you must constantly watch competing or
similar sites and evolve your site over time. The feedback
from the users is a good indicator in this regard. Also you
must be willing to diversify ,expand and even divert your
business according to market forces and user needs.

13. I would like to get your feedback regarding this article.
Please feel free to mail me your opinions.

14. Please visit:
http://bestitjobsforthefuture.com/form.php?id=1091
for more info