How to Make Money Using the Internet
The Rich Dad message hasn’t and won’t change—but our methods will
It used to be that the power to become a business that was built on systems—businesses that are representative of the B quadrant in the Cashflow Quadrant—rested with a few. The barrier to entry was high. It was expensive and risky. Of course, the payoff for success was big, which was many people tried. Unfortunately, many failed.
Today, thanks to the internet, the world is changing.
The power of the internet
The internet and computers give us the power to be entrepreneurs. The computer runs your business’ systems. It gives you the ability to communicate and market online through email and social media. It gives you the tools for accounting and access to legal advice. The computer lets you search the whole world for manufacturers.
Today, it is easier than ever to build a successful business that provides cash flow even while you’re sleeping.
But most people don’t take advantage of this. Why?
The digital entrepreneurs most powerful tool
Though the computer is a powerful tool for the digital entrepreneur, it is not the brains. The entrepreneur is the brains and must still provide leadership to build a self-sustaining system.
Not understanding this is why so many digital entrepreneurs fail. They have the technology but they don’t have the smarts. Rather than build a B-quadrant business, they often build an S-quadrant business. They create a job that they own, but not a business. It requires them and their time to exist. If they are not working—often bring the midnight oil—they aren’t making money.
A true digital business, however, does not need the founder and owner to work in order to make money. The business system continues to run no matter what.
Why your system is the key to success
The human body is a system of systems. So is a business. The human body is made up of a circulatory system, respiratory system, digestive system, and so on. If one of those systems stops, there is a good chance the body will be crippled or die. The same is true with a business.
The B-I Triangle is a system for building a great business that any entrepreneur should be familiar with. Take a moment to watch the video below to understand the power of the B-I Triangle.
In the internet age, all of the components of the B-I Triangle can be accelerated at a much lower cost.
Adapting the B-I Triangle to the digital age
For instance, it used to be that communicating for a business was very expensive. You had to invest in hardware like phone systems, fax machines, and copiers to do internal communications. To reach your customers, you had to do advertising that was very expensive. Today, for practically nothing, you can email around the world, text on your phone, Skype internationally, and use social media to advertise. And all of these things can be set up in an instant.
The same with systems. Say you wanted to share information with teams across the world a little over a decade ago. You had to invest in an expensive server system. Today, you can use the cloud to share documents and work collaboratively. Or say you wanted to sell products via catalog. You had to invest in cumbersome order systems, people to man the phones, and a vast supply chain. Today, you can utilize a site like Amazon.com to list, sell, and fulfill your orders—and you can be up and running in a matter of days.
The point is that though the barrier to entry is lower than ever, you must still understand the fundamental systems you need in place to run a successful business. And you must have the brains to find and build out those systems in a sustainable way in the digital world.
Your journey to an online business starts today
Over the coming weeks, we will share with you how you can do just that through a series of posts on building online businesses via Amazon.com.
We’ll cover both how to make money selling digital products like eBooks and courses, as well as physical products through online stores. You will gain access to a tried and true system that can help you gain your financial freedom.
I encourage you to sign up for the webinars that are offered to you, and to invest fully in this information. It can be the difference between simply surviving in the coming years and thriving.