The One Year Millionaire

Before I get into today’s issue of the ‘One Year Millionaire’ I would like to apologize to my loyal readers for the lack of updates in the past couple of weeks. I’ve been really busy with a multitude of other projects and to make up for it I am going to write a few articles this week and also find some valuable offers for my lucky readers!

In this issue I am going to talk about why it is very important for you to become an Online Authority on the subject of your website. The main critical reason to you will want to try your hardest to become an authority is to build your company’s credibility and to acquire the trust of your readers.

Having a solid reader base is one of the most important steps to maintaining a successful website. If you want to do well with Internet Marketing or establishing any other Online Business then you will want to reach as many people as possible. You will want to attract new readers and keep them. For example, if I am currently an authority on health and exercise and I start to promote Diet products on my website I will probably do quite well. If I am not an authority then I will probably have to work a lot harder to get these products to sell!

Your Online Reputation can do a lot for you once you’ve earned it. Since I’ve been doing Online Marketing I’ve connected with quite a few other webmasters and we generally do what we can to help eachother out and keep our network growing strong. Becoming an Authority on a certain subject will help you target and also broaden your audience. If you have a Website that sells the latest shoes and everyone knows that it is the #1 source to buy shoes online then you are bound to make a killing! If you just read that sentence and thought to yourself “What can I do to be known as the #1 Source?” then you are already on your way to become a great Internet Marketer!

Now that you know the advantages of Becoming an Authority here are a few ways you can become an Online Authority and Make Some Money!:

1. Get The First Scoop. You always want to try your best to bring the ground-breaking news to your readers before it has been published everywhere else! One of the greatest things about Marketing and the internet is that today’s news is actually today’s news! If you read a newspaper you are reading about what happened yesterday, but Online you can find out what is going on right now! Give your audience the first scoop when you have it and you will have readers coming back for more!
2. Introduce New Ideas. If you are in an innovative field and there is always topics of debate and opinion then you always have the option of bringing your own unique ideas to the table. If you want to spark discussion on your Website it is always encouraged be active with your readers and offer your own ideas.
3. Provide Detailed and Accurate Information. Having a Website with information that is not necessarily correct can sometimes hurt your Online Image. It is not always the best idea to make up things or to lie about something on your website because the last thing you want is to lose your loyal readership! Always try to the best of your knowledge to provide accurate information and you will be surprised how many people will listen to your words.
4. Build Your Link Popularity. A great way to build your Online Reputation is to have links from a lot of other Websites. This is not only beneficial for your Online Authority, but it is also great for Search Engine Optimization!
5. Connect With Other Websites In Your Industry. Networking is probably one of the most important tools that every single Marketer has available to them. The funny thing is that a lot of Marketers don’t take advantage of Networking in their field or even at all; therefore, cannot benefit from all the rewards! Knowing other people is one of your greatest weapons and that is why you always hear about lucky people who become successful because of friends in high places.

Start building your Online Reputation and try to work your way to the top. There are certain niches that are virtually untouched online and it is only a matter of time before they become swamped! Your best bet is to try and be the first to launch a Website in a specific niche and you are bound to become the Online Authority!

If you’ve kept up with all the issues of the One Year Millionaire you will notice that I tend to talk about all the positive things about Internet Marketing and Making Money Online; as well as all the limitless possibility, but what I am going to talk about today will be at the opposite of the spectrum.

Just like anything else in life there is a good side and a bad side. If you’ve learned about philoshophy and psychology you may know that the world is based primarily on balance. In a simplistic example with two elements, any shift in balance will upset the natural order of things. This is why there always has to be a perfect balance between good and bad, up and down, right and wrong. If you eradicate all evil in the world, then a stronger evil will come along and replace it.

In my eyes Internet Marketing made a very positive impact on my career and my life, but that doesn’t mean that it is all flowers and sunshine! I’ve already stressed that it isn’t for everyone, but those who want something badly enough will definitely succeed in this business. Even though there are many great things within the scope of Internet Marketing and Online Businesses, there will always be some negative factors that will force some people to doubt their choices.

Here are a few negative things to keep in mind:

• 1. Difficulty
  Making money on the Internet is definitely not a walk in the park and this alone will drive possible Internet Marketers back to the reality of their day jobs. I have seen so many come and go in this business because they lacked either the commitment, time or investment to make it Big Online! While many money making structures have been time tested, it doesn’t mean that it is an automatic homerun. For example, positioning your AdSense ads a certain way has proved to help CTR (click through rate) and has made some people a lot of money, but it doesn’t necessarily mean it will work for you. Furthermore, making money online will vary from situation to situation and a small difference (such as niche, traffic, location, language, etc.) could have a huge affect on potential profits. The Internet Marketing game is a tough one to master, but once you get the hang of it you will do well!
• 2. Investment
  When I talk about Investment I am not necessarily talking about money. You could invest time and effort into Online Marketing and find that you’ve lost a lot more time than you did money, and I know that sometimes losing a lot of time can be a lot worse than losing a lot of money. To succeed in this industry you obviously will need to spend a lot of time; especially in the beginning to get things rolling. The good part is that once you get it rolling it usually keeps rolling and won’t stop for a while! If you are willing to invest a lot of hours to start your Internet Marketing career then you are headed on the right path, all you need to do now is take the right information and put it to work!
• 3. Competition
  When it comes to building websites for the sole purpose of monetizing them then it becomes tremendously difficult in certain niches/industries. This is because there is a lot of competition with publishers and advertisers alike. For example, if you are paying 20 cents per click to your website and someone else bids 30 cents then they will get more views than you. Eventually competition will heat up and the bid wars will bring the clicks to a price that not many can afford. Fighting for clicks or search engine placement is tough, but if you can find ways around it then you will be ahead of the pack. Just keep in mind that websites that have been online for a long time already will have a big advantage with the SERPS (search engine result page) and you will need to work on SEO (search engine optimization) to try and take the lead. If you manage to make money in a niche with a lot of competition then you are doing great!
• 4. Stability/Uncertainty
  One of the main reasons that a lot of people will never go into Internet Marketing or they will give up early is because of the uncertainty that comes along with it. You may be able to quickly generate a good income from a website or many websites, but can you really fore-see the future? Life is always throwing surprises at you and it is very possible that one day you are making hundreds of dollars with your website and the next you may not ( ex. banned from google, loss of interest, etc). One way that a lot of Internet Marketers will beat this is by always staying up to date with the latest internet trends as well as current events. Knowing what is happening in the world around you will always give you the upper hand and give you time to plan your moves. If you find big news and you are the first to cover it then you can become an authority figure on whatever you are talking about. Either way; in life there are many uncertainties and there is really no way of knowing what you will face tomorrow or the day after. Don’t be afraid to take risks and follow what your instincts!

Now that you’ve heard about the downsides of Internet Marketing you have to decide whether this is the life for you, or whether you should do something else. If you are in it for the long hall then make sure that you are prepared for the unexpected and make the most out of your experience. There is so much money to be made online and if you read oneyearmillionaire.net you can tap into it!

Every once in a while you may stop and look at your Financial Situation. Some of us may take that moment to appreciate their good standing while others may become overtaken with the stress of Unpaid Debts! I realized that I haven’t really talked about this on the ‘One Year Millionaire‘ yet and I really wondered why, because overcoming Debt is one of the biggest obstacles when it comes to making money in any business or career!

The worst part is that with the economy going down and inflation, today’s common man or woman will always be left on the bad end of the scale. While the price of living goes up all the time, the salary rates ,etc. don’t seem to budge. I know that personally when I was doing Online Marketing, my first big goal that I wanted to reach was to get out of debt! I had a $25,000 student loan that I had to pay back on top of money that I had borrowed from friends and family. Once I had accomplished that task I was ready to really make some money!

I initially wanted to write this issue just to motivate you to do something about any Debts you may have. Taking a step and taking action is already doing a lot more than most people. I wanted to tell everyone that they shouldn’t let Debts stand in their way in any scenario, but my argument had one fatal flaw. How could I tell people not to let Debts take over their lives and then, not provide anything to help them accomplish it?

So rather than just telling people what to do I scoured the internet for answers and I found a few different solutions. The solutions range from information coming from my own Financial Knowledge, programs to help you get out of Debt and a combination of Instant Credit and a plan.

1. From all my past experiences and stories I’ve been told there are really only two solid options to take initiative and reduce any Unwavering Debts. They are Debt Consolidation and Filing Bankruptcy.
   • Debt Consolidation : This is what I would personally do in any Debt situation if I feel like it may be getting out of hand. This is the idea of taking all your current multiple Debt Sources and combining them into one single Debt. For example: you are late on all your bill payments (electricity bill, internet/phone bill, etc.) and what you would do is go over to the bank and have them consolidate your debts. This means that they will pay all your bills for you and then; instead of owing several different companies/people, you will only have to repay the bank. This is great in many ways because the bank usually has a low interest rate and also it becomes much easier to make payments to one place making it a lot less confusing and much more organized!
   • Filing Bankruptcy : This is only something that you should do when there are no alternatives. Filing Bankruptcy will put a stain on your credit records and you should only do it as a last resort to escape the most Complex Debts. This is to officially declare the inability to pay your Debts. The laws of certain countries may treat it differently, but this is a very serious matter and should be taken care of professionally. Before making this kind of decision you should see a Financial Adviser. Check out Bankruptcy Rights to get a Free Evaluation with an attorney in your area.
2. These are some good programs that I found that can help you with Debt related issues… check them out:
   • Debt Match
   • Debt Clear
   • Smart Way Credit
3. If you just need to get some quick cash and your Credit Rating isn’t the best, then here are some good options (most of these are only good for United States):
   • BadCredit (Credit Approvals with Bad Credit)
   • Credit Card Instantly (US)
   • Credit Card Instantly (UK)
   • Credit Card Lab
   • Emergency Credit Line
   • Free Credit Report

I know that I’ve given you all some valuable information and the opportunity to fix any Debt Problems and I hope that those who need the help will do something and not just sit there while Debts Accumulate. I know that when I had Big Debts that I wish I could have had someone come to me and help me out.

When you look at all the people who are making money online, there is a big percentage who are making close to nothing because of Debts or Bad Spending Habits; but then again, there are some who give us Internet Marketers a good image with $100,000 Google Checks. Keep working hard!

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When I think and look back at all the time and money wasted because of a lack of Organization in my life I can see clearly why it took me as long as it did to get the money flowing in. I noticed after months and months of hard work that after all the time spent with new investments and different monetary projects that I could have done much more! The reason is that I wasn’t organized with my business and I wasn’t organized with my personal time either.

I remember spending hours at the computer, constantly forgetting things and the time just kept adding up, but the results were minimal. Today I can say to myself that I am much more organized and I when I want to get it done I can do it quickly and efficiently because I don’t have other thoughts or worries floating around in my head at the same time. I can see that what would have taken me a week to accomplish, I can now do in a day! In fact, lately I find myself enjoying a lot of extra personal time while waiting for deadlines. I find that my businesses grow at a reasonable pace and that I don’t need to keep checking up on everything every 15 minutes like I did when I first started.

When I was in school and teachers used to tell me about the benefits of being Organized it would have just went in one ear and out the other, but now that I have seen the difference that it can make in my own life I believe in its power! I can now get more things done in a shorter period of time, think more clearly and save a lot of money in the process.

Here are a few things that I do that you may find useful:

• Create a proper Working Environment
  When I sit down at my desk it means that I want to get down to business and get my work out of my way. Sometimes it is hard if my working space is cluttered with random papers and other things that may get in my way while I am trying to work. I like to keep my Working Environment clean so that nothing gets lost and so that I can remember where everything I need is located.
• Follow a Schedule
  This is probably one of the most important things that you can do to stay organized. Whenever it comes to work I always want to get it all out of the way so that I don’t need to worry later on and just enjoy my own personal time. This is why I like to keep my days organized by making schedules of tasks that I need to get done on a regular basis. For example, when I work on websites I like to dedicate time towards writing new and unique content and also towards the whole Link Building Process! Setting an hour or two aside for these repeditive tasks can really help you clear space for your own enjoyment! If I didn’t organize these things it would take me much longer to get them done or they may not even get done at all!
• Write Down Your Ideas
  If something comes to your mind; whether it is an idea for a new project or if it is just a catchy line for an article’s title, you should write it down so that you don’t forget. Sometimes I think of things and then later on when I try to remember it may not sound the same or may not be there at all. The fact that you are writing things down already gives you a bigger chance of taking action with that specific thing. Next time you think of a cool name for a website, you should write it down… if you think of a domain name that you may want to purchase, write it down so that you can remember to check if it is available as soon as possible. Writing things down on a piece of paper or even on your computer will change the way you approach your work and will give you an advantage!
• Keep Track of Your Money
  When I first started doing Internet Marketing I spent a lot of money buying what they called “Secret Money-Making Programs” and I noticed that a whole lot of what I spent my money on was useless. Rather than thinking of it as a lot of wasted cash, I decide to think of it as a learning process. My investment was eventually returned and I was able to Make More Money on the internet than I thought was possible for me. One thing that I noticed was that to Make More Money I had to change my spending habits for a while so that I could have more money to play around with and invest into different business projects. Now I always keep track of the money that I make and I always keep track of the money that I spend. This way I can always make sure that I am always on top.
• Backup All Your Computer Data
  This is pretty straight forward, but it is extremely surprising to see that not many people do this. It doesn’t take too long and you can save a whole lot of heart ache by doing this. The chance that your computer blows up is pretty slim, but there is always a small chance that something may happen and you don’t want to be the unlucky person who lost months of hard work because of a few minutes of laziness!

Try some of these simple things and you will also see that you can get a lot more done just by being a little bit more organized. I turned several hours a day into a few short hours a week and the result is growing every single day! If you want to know more about this topic I also wrote an article on “Time Management” and “Fighting Laziness“. Keep working hard and success will follow!