Internet Entrepreneur

How to be an internet entrepreneur? Simple: start a business selling stuff on the internet! What can you sell? Either goods or services.

If you are starting a website hoping to make money off it, you need to know your revenue stream. If you build a website without any idea of monetization, you can rest assure that you will burn lots of money before realizing the error of your ways. This is exactly what happened to a lot of internet companies during the dot com bust.

It is not as simple as
1) Build website
2) ???????
3) Profit!

First you need to know what you are selling. Are you selling a product or are you selling some services? Products could include cds, e-books, shirts, pets, swags, etc. Services are a little tricky; you can host a service where people can meet and have meetings online, or a service that keeps track of customers, or an online inventory system that helps you buy stuff when you're running low on them.

Directly selling your products or services is just one way to make money. Another way of making money online is through advertising and affiliate programs. GoogleAds have reportedly paid out as much as a few hundred thousand to a lucky chap.

Thats the easy part though. The hard part is building traffic to your website. The more people know about your site, the bigger your chances of having some of these potential customer buy what you have to offer. You definitely need to work on you SEO aka Search Engine Optimization to make sure your site shows up when people look for stuff.

Even if you followed all the steps, success is not guaranteed. That doesn't mean you have to give up though. You need to keep working on your SEO, products, etc.

But what if you keep working on it for several years, tweaking your SEO, updated your products/services and are still losing money instead? Know your limits; some business are just not ready yet. Try going into other venture and come back to the ones you failed another time.