Use The Following Compound Interest Formula To Complete The Problem Make Money Online – Discover 4 Benefits Of Owning An Online Business

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Make Money Online – Discover 4 Benefits Of Owning An Online Business

Before the Internet, it took decades to make a billion dollars. For example, it took Henry Ford a decade and a half to make his first billion. It took Sam Walton two decades to make his first billion. Bill Gates did it in twelve years. The Internet was released to the public in 1992 after George Bush signed a law allowing the public to conduct commerce on the Internet. In 1994, the Internet grew by 2300%, after which Jeff Bezos founded Amazon.com in 1994. By 1999, Mr. Jeff Bezos earned over nine billion dollars, which is pretty amazing. At the time of writing, Amazon.com had a market capitalization of twenty-five billion dollars.

1) Residual income

The following example is based on the time-dollars formula, which is the opposite of residual income. If you had to work 100 hours for $1,000, you would have to work 10,000 hours to make $100,000.

Residual income is what Warren Buffett’s Berkshire stock would have paid you if you had invested in 1965. If you had bought a stock for $1,000 in 1965, your stock would have been worth more than $2 million today. Albert Einstein once said that “the most powerful force in this universe is compound interest.” Properly built online businesses tend to generate passive and recurring residual income that can become your primary source of income over time.

2) Global market

Most Fortune 500 and 100 companies are very aware that the world is their market. The same goes for Internet entrepreneurs. Pepsi does 60% of its business internationally. Wendy’s, McDonald’s & Pizza Hut are currently expanding internationally faster than in all of North America.

3) Can be wanted or sold

An internet empire can easily be wanted or sold.

4) Low investment and low maintenance

The main reason most startups fail in the first few years is that they are undercapitalized. As an online business owner, you don’t need employees, large warehouses, inventory tracking systems, and your monthly expenses are low.

Famous advertising guru David Ogilug once said, “Only 50% of every dollar spent on advertising works. The only problem is we don’t know which 50%. That’s not the case with my online businesses. It’s true with traditional forms of advertising. As the Internet evolves, now you can to reverse your competition with a software application called keyword spy.

If you’re spending thousands of dollars a month, you’d want to be 99.99% sure you’re paying for the right keywords, key phrases, and have the right ad copy, right? With keyword spy, this is more of a probability than a possibility, and I would strongly recommend using it before your competitors do.

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