PR Log - Irish Internet Entrepreneur Profiles Show How by vla87225

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                  Irish Internet Entrepreneur Profiles Show How To Make Money Online!

       By Roger Kent, Marketing Tips Ireland
       Dated: Jan 27, 2010

       This is a great series of Irish Internet Entrepreneur profiles from last week's Sunday Business Post, and
       these guys are blazing a trail on what is without question the next boom industry of the 21st Century - Gary
       McGeown

       This is a great series of Irish Internet Entrepreneur profiles from last week's Sunday Business Post, and
       these guys are blazing a trail on what is without question the next boom industry of the 21st Century - Gary
       McGeown, The Irish Entrepreneur Superconference (CLICK HERE - http://LifeLastingSuccess.com)

        "Ray Nolan, the co-founder and former chief executive of Web Reservations International (WRI), is
       regarded as Ireland’s most successful internet entrepreneur.

       WRI was set up in 1999 after Nolan, a software developer, created a booking system for Tom Kennedy,
       who owned the Avalon hostel in Dublin.

        They cofounded WRI and developed a network of websites that handles bookings for 23,000 properties
       globally.

        WRI makes its money by taking a small deposit on each booking made online. By working entirely online,
       the firm kept its costs low and profits high; in 2008, it made €19.8 million profit on revenues of €38
       million.

       Nolan and Kennedy cashed out of the business in November last year, when private equity firm Hellman &
       Friedman acquired WRI for$340 million.

        Nolan is understood to have made at least$100 million from his involvement with the business.

        Nolan is now working on a new venture, a ‘hiring network’ called Worky.com, and is a backer of several
       other technology companies. He is involved in Cloudsplit, Reva Health, Asavie.com and recently invested
       in Green Diamond Technologies.

        Nolan’s top tips

        1. The web is about deconstructing business models. Business models that exist offline don’t always go
       online. And you need a domain name that is short, a lingual, onomatopoeic and works in Asia. Some of the
       biggest brand names out there are no good outside the US.

        2. If you’ve got a customer who needs something and they can’t afford to pay for it, then get ten of them
       and get them all to pay a bit. Then they’ve got a product and you end up owning it.

        3. The web is a big place, but it’s all about word-of mouth.

        We were always very, very careful about customer service and were quite innovative. We weren’t really
       the first-mover in the sector – there were others there, but we probably just did it a little bit better.

        4. The dotcom bubble deserved to burst. Those guys they raised a lot of money too early and spent it too


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quickly. We didn’t hire anybody until we had the payroll covered by the sales. There was no other option
but to make it make money.

 5. We had no marketing budget, so we did it organically. We owned multiple domain names and funnelled
all the traffic up to Hostelworld. And it’s very easy to get codded by people who say they’ll push you up the
Google ranks, so take those promises with a pinch of salt. You can’t just ditch words onto a page and hope
Google loves you. (Sunday Business Post)

Heres a personal invitation from Ireland's leading Internet Marketer - Anthony McCarthy, The Irish
Marketer - CLICK HERE >> http://www.youtube.com/watch?v=3_iuZ1DRcLo

To start making money online as soon as you possibly can, book your ticket for the Irish Entrepreneur
Superconference today, CLICK HERE =>> http://LifeLastingSuccess.com

###

We are in the business of delivering first class Entrepreneur Business Training - http://
LifeLastingSuccess.com

Category          Business, Internet, Home business
Tags              make money on the internet in ireland, start a business online in ireland, work from home ireland,
internet entrepreneur
Email             Click to email author
City/Town         Dublin
State/Province Dublin
Country           Ireland




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