Making money on the Internet

2009 Magic Wealth Builder David Courtney [MAKING MONEY ON THE INTERNET] [This is a guide for earning money on the Internet without getting involved in an MLM opportunity, without having to make cold calls, without having to sell products or services and without paying any kind of monthly fees.] Making Money on the Internet by David Courtney 2 Before we get started let me thank you for taking the time to read over the information I have put together. The fact that you’re willing to take the time to read this information proves that you are wiser than most people. I don’t want to bore you with a bunch of information about myself, but I think it’s worth talking a little bit about the things I have done in the past so you can understand where I’m coming from. My motivation for working from home stemmed from the fact that I have a disease called Cystic Fibrosis. CF is primarily a pulmonary disorder. To put in simple terms, I have difficulty breathing and I am prone to lung infections such as pneumonia. After a couple of false starts, I found a work at home job that paid me an hourly wage. I answered incoming telephone calls on behalf of a call center where I processed orders for television infomercial products. The work was easy and I liked the fact that I didn’t have to buy a “startup” kit or anything like that. It was a real job, not an “opportunity.” At that point in my life, I was convinced beyond the shadow of any doubt that all so-called “opportunities” were just a scam. I was convinced that the only people who made money with MLM’s were the people who were selling the “startup” kits to their friends and family. I didn’t want any part of it. David Courtney • Phone: 407-451-8674 • Email: david@MagicWealthBuilder.com 2 Making Money on the Internet by David Courtney 3 After working from home as a customer service representative for a few months, I was getting extremely tired of the repetition. The job was unrewarding and the company I worked for were constantly picking on us to increase sales and decrease talk time. I didn’t like having to “push” callers into buying. If they turned down an offer, I wanted to just move on with the order and close the sale. However, we were required to read rebuttal scripts and offer additional products even if the customer protested. I felt like I was badgering my callers, but if I skipped over a rebuttal or didn’t offer the upsell, I would be penalized. And what was worse, if I did have a good day where I sold a lot of additional products, I didn’t receive any additional compensation for my achievements. Needless to say, I got burned out on this work at home job pretty fast. However, being exposed to so many orders for health and nutrition products taught me that people really were interested in buying this kind of crap. (I didn’t have a very high opinion of the products I was taking orders for. I felt like the companies were selling snake oil. But I believe in the notion that people have a right to spend their money however they want. If some person honestly believes that taking XYZ product makes them feel “better”, than who am I to disagree? I was being paid to do a job, not to tell people how to spend their money.) David Courtney • Phone: 407-451-8674 • Email: david@MagicWealthBuilder.com 3 Making Money on the Internet by David Courtney 4 So it should come as no real surprise that my very first home based business opportunity that I got involved in was a health and nutrition company. Despite the fact that I was not a big believer in the products, I could see there was money in the industry. The first company I got started with was a regular Multi-Level Marketing (MLM) company like so many others. I bought into the hype and sizzle and was convinced they had the best compensation plan and the most ingenious system for building the company. In hindsight, I realize they were no different than all the others. As you have probably already guessed, it didn’t work out. However, I don’t blame the opportunity. I just wasn’t ready for that big of a challenge yet. I didn’t have a clue about Internet Marketing back then, so I relied on buying leads from the company in order to generate my sales. Unfortunately for me, that particular company went out of business less than 1 year after I got started. But it was a valuable learning experience and I did sell enough products to offset a lot of my costs. Whatever money I lost was worth it for the experience I gained. David Courtney • Phone: 407-451-8674 • Email: david@MagicWealthBuilder.com 4 Making Money on the Internet by David Courtney 5 When that company went out of business, I started looking around for other opportunities. I didn’t really want to get into another health and nutrition company because I just can’t get excited about the products. Fortunately, one of the people I met in that MLM introduced me to another person who got me started in an entirely different industry. (Like the saying goes, one door closes, another one opens.) This person introduced me to a new concept known as revenue sharing. When I learned all about it, I thought it was the most elegant way to earn money online I’d ever heard of. And this is what I want to share with everyone in this ebook. As I stated before, I have been involved in MLM’s and I do think it’s a valid way to earn money. However, for a lot of people those types of opportunities are not going to work because those people are not going to do the activities that are required to make money. For most people, MLM’s are just too darn hard! For a lot of people, the list that comes to mind when they are considering a home based opportunity goes something like this:  No cold calling. Better yet, no phone calls period!  No selling products, potions, lotions or “magic” pills.  No selling vacation plans or legal or medical plans.  No monthly fees! David Courtney • Phone: 407-451-8674 • Email: david@MagicWealthBuilder.com 5 Making Money on the Internet by David Courtney 6 The activity that I’m advocating is not going to be for everyone. I’ll just put that out there right now. No single thing is going to be perfect for everyone. But if you’re wanting to make money and you’re sick of getting sucked into opportunities where you have to sell products and spend half your day on the phone, then what I have is something you should at least consider. What I’m talking about are revenue sharing programs. If you’ve never heard of these, that is probably because it is a fairly recent Internet phenomenon. Revenue sharing has a few things in common with “autosurfs” and “HYIP’s”, but revenue sharing is much safer. You may have heard about “autosurfs” and “HYIP’s” and have been told that they are all a scam and that you should stay FAR away. (There is some truth in that, but if you know what to look for, you can avoid the scams.) What you have to realize is that everything you do carries some degree of risk. Whether you are trading stocks, participating in a new MLM, or getting involved in a revenue share, there is risk. But if you acknowledge the risk in advance and proceed with caution, then you can minimize your risk to the point where the rewards far outweigh the risk. David Courtney • Phone: 407-451-8674 • Email: david@MagicWealthBuilder.com 6 Making Money on the Internet by David Courtney 7 The Golden Rule for any opportunity is: “invest” only as much as you can afford to lose! Note that I use the term “invest” generically. I am not involved in any kind of traditional stock investments or anything like that. Revenue sharing does carry a certain degree of risk; but where there is risk, there is also reward! The purpose of this document is to show you how to minimize your risk and maximize the reward! As stated above, whether getting involved in an “autosurf”, an HYIP, an MLM, whether you’re getting involved in traditional investments such as stock or forex trading, or whether you’re taking my recommendation and getting involved in revenue sharing programs, the first rule is to only use money you are willing to lose! There are no 100% guarantees with any opportunity. Anybody who tells you otherwise is lying! David Courtney • Phone: 407-451-8674 • Email: david@MagicWealthBuilder.com 7 Making Money on the Internet by David Courtney 8 You may be thinking, “Gee, thanks captain obvious. That’s sound advice but I can’t afford to lose a single penny!” You have two options in that case. 1. Adjust your life style so that you can allocate money toward an opportunity. Cancel cable/satellite TV, cut down on unnecessary spending, eat more economically, and so on. 2. Do nothing. Continue living the rat race. The choice is yours. I recommend option 1. That was what I did. Among other things, I called my cable company and canceled my TV service so I could save money. The interesting thing is that I’m now earning more than $15,000 a month and I still have not reconnected my cable TV. (And I have no intention of doing so.) If you are in a situation where you are truly so broke that you can’t afford to risk a little bit of money in order to build a bigger and brighter future for yourself, then above all else, you need to sit down and take a very serious look at your life style. I see people every day who say they “can’t afford” to get started in some opportunity, yet they go out every weekend and waste money at movie theaters, dance clubs, bars, restaurants, and so on. David Courtney • Phone: 407-451-8674 • Email: david@MagicWealthBuilder.com 8 Making Money on the Internet by David Courtney 9 It’s not my place to tell anyone how to live their life. So if option 2 (mentioned above) works for you, that is your prerogative. But for the sake of continuing this ebook, I’ll assume you either have money to work with, or are willing to adjust your life style so you can begin building a brighter future. Once you have determined how much money you have to work with, you should create a clearly defined goal which will be to get all your seed money back out as fast as possible! Suppose you have decided to use $500 to get started. Things are going well so you decide to keep rolling your money back into the opportunity without ever taking your seed money back out. Your reason for doing that would be very logical. The more money I have working for me, the more I can earn. So why take out money and reduce my earnings? Here’s why. Just because the opportunity is performing well this month is no guarantee that it will continue performing well next month. If the opportunity stops performing before you have taken your seed money back out, then it’s GAME OVER. At best, you’ll have to eat the loss and start over. At worst, you’ll give up and go back to the rat race. However, if you took your seed money back out as fast as possible and then the opportunity stops performing, at least you broke even. Granted you will feel as though it was a waste of time, but you will have learned from the experience and you will have your original $500 to continue working with. Get it? David Courtney • Phone: 407-451-8674 • Email: david@MagicWealthBuilder.com 9 Making Money on the Internet by David Courtney 10 The next most important point is to spread your money out among various opportunities. Going back to the previous example, suppose you have decided that $500 is a number you are comfortable with. Once you have put your $500 into an opportunity and have earned that much back, you should begin to diversify. The original opportunity will be one stream of income, but now you want to create a second stream of income. (And then a third, and then a fourth, and so on.) The logic behind this strategy is to multiply your income streams while simultaneously decreasing your risk. Suppose that several months after you get started, some unforeseen tragedy occurs which causes one of your income streams to stop performing. If you follow my strategy and build a second, third, and fourth income stream in the time leading up to the failure, then the loss of that income stream will not be as damaging. This brings me to my next tip. Do not have a reckless disregard for your profits. Some people fall into this flawed way of thinking that says “Once I’m in profit, I’ll take big chances and gamble all my earnings on the long shot! It’s “free money” at that point so I’ll go nuts!” Why take the risk? If you lose everything you’ve earned then you haven’t gained anything! David Courtney • Phone: 407-451-8674 • Email: david@MagicWealthBuilder.com 10 Making Money on the Internet by David Courtney 11 Continue working as if the profit money is just as important to you as your initial seed money. After all you worked for that money, you earned that money, so treat it with the same respect as you would have for any other money that you worked for. When you start to understand “the numbers” really well, you will be tempted to chase the Bigger Better Deal (BBD). Don’t fall into this trap. High Yield Invest Programs (HYIP’s) that offer crazy earnings such as 12% per day or 150% per week are just money schemes. They aren’t sustainable because there aren’t any real profits being generated to cover the money they are paying out. That means when new people stop signing up and “putting in” their money, the HYIP collapses. Having said all that, you can make money in an HYIP but it’s an extreme gamble. If you want to take that risk, do so only after you have established multiple streams of stable income because your odds of getting burned by an HYIP are very high. David Courtney • Phone: 407-451-8674 • Email: david@MagicWealthBuilder.com 11 Making Money on the Internet by David Courtney 12 Once you have diversified into multiple opportunities and have started generating profits, the next step is to begin giving yourself a regular “paycheck.” It doesn’t really matter how much you take, that is up to you. But pick a number and take it home. Whether that be 5% of your profits, or 15% of your profits, whatever the number is, take something back out on a regular basis. Typically I recommend following the infamous 80/20 rule. This means that you apply 80% of your daily earnings as fuel to continue building and growing your opportunities, and you take 20% of your daily earnings out as profit. By following this 80/20 rule, you should be able to create a perpetual money machine that will last a life time. The more money you put back into the various opportunities, the faster they will build. Some people are tempted to use 100% of their earnings as fuel to build and grow the opportunities they are in. That is often a good idea at the beginning, but eventually you’re going to need to start taking out something. Otherwise you are working for nothing! Don’t get overly caught up in the allure of bigger and bigger earnings. People who recycle 100% of their money without ever taking anything out aren’t actually earning anything! The only thing that really counts is how much money you take home. David Courtney • Phone: 407-451-8674 • Email: david@MagicWealthBuilder.com 12 Making Money on the Internet by David Courtney 13 It’s very compelling to wake up and see that you’ve earned $200 between the time you went to bed and the time you woke up, but that is just an irrelevant, intangible number until you cash it out and take it home. Recapping the key points. 1. Use only as much money as you are comfortable losing in the event that things don’t work out. 2. Take your seed money back out as fast as possible. 3. Diversify into multiple opportunities to increase your earnings and to reduce the risk of losing your only stream of income. 4. Treat your profits with the same respect that you would have for money that you earned at a job. 5. Take out a percentage of your profits on a regular basis. (i.e. Follow the 80/20 rule.) Those are the basic guidelines and principals you should follow. Now that you know the basics, please get in touch with me if you’re interested in taking the next step. If you’re ready to get started right now, please go to the following website so you can start earning money in a revenue share today! http://start.MagicWealthBuilder.com Finally, if you have not already opted-in to my Newsletter, I would highly encourage you to do that right now. You will receive regular updates and tips directly from me! You can optout at any time. http://www.MagicWealthBuilder.biz David Courtney • Phone: 407-451-8674 • Email: david@MagicWealthBuilder.com 13