This work offers a summary of the book “INTERNET RICHES: The Simple MoneyMaking Secrets of Online Millionaires” by Scott Fox.
Surveys have suggested at least 58percent of all employees dream of starting their own business but have hesitated because of “insufficient financial resources”. However, many Internet businesses can be set up with the minimum of initial investment – it's possible, Scott Fox believes, to set up an ebusiness for less than $25 a month. If you are savvy, and do your research, there is no reason why your business cannot be a success.
“Contrary to popular wisdom', Scott Fox says, «the Internet is not 'over'. The years 20012004 were tough for Internet businesses, but… online sales are continuing to explode and could reach more than $300 billion in the United States alone by 2010.” Fox (who is a brilliant online entrepreneur himself) explains the components of a successful online start up, and how to align your company with your own skills and interests (the key to longterm success). He suggests methods for cashflow analysis, business plan analysis, how to search for niches and how to grow your business after the initial beginnings.
Internet Riches is a complete guidebook to setting up you own Internet company. It covers everything from initial research, to the mechanics involved, and best longterm strategies.