The stories of the rise to wealth of famous people like Warren Buffett, Bill Gates, and Oprah Winfrey are legendary. They were each able to take their lifelong passions and turn them into billion dollar fortunes. There are other entrepreneurs that have made large amounts of income through innovative business ventures as well. Just because they are not on the cover of Forbes magazine does not mean that you cannot learn a thing or two from them.
These 5 guys are making a ton of money on the Internet.
Darren Rowse of ProBlogger has turned an occasional hobby into a full-time job with a sizeable income stream. He has built several popular blogs and has made money selling e-books, advertisements, workbooks, job boards, speaking fees, and affiliate links. Rowse has managed to leverage his passion and used it to vault himself into large amounts of income. He was earning a 6 figure income from blogging back in 2005. Who knows what the amount is now?
John Chow has managed to earn $500,00o over the past year in income alone from his website named after him JohnChow. Chow earns over $40,000 a month as an Internet marketer. He primarily markets his products through emails to his 100,000 plus followers. Chow earns money through affiliate programs and selling products. It’s only a matter of time before Chow crosses over into the million dollar stratosphere.
Jeremy Schoemaker has made a fortune from his media company, ShoeMoney Media Group. Schoemaker earns over 7 figures from his early entry into the cell phone ringtone market, his auction ads service, and his Internet site ShoeMoney. Schoemaker became an Internet icon when he earned $132,994.97 from Google Adsense in one month. That’s not a bad chunk of change!
Online Stock Trading
Tim Sykes teaches traders how to trade penny stocks on his namesake website. Sykes moved into the millionaire neighborhood by trading stocks over a 3 year time period. He turned thousands of dollars into over $1 million dollars during his collegiate years. Sykes now makes over $100,000 a month selling his stock alerts services and DVD packages.
Internet Content Assistance
Brian Clark of CopyBlogger teaches online writers how to capture the attention of their site’s readers. Clark’s blog covers everything from driving traffic to your site to the 8 habits of highly effective bloggers. CopyBlogger is ranked one of the 50 most popular blogs and has over 137,000 RSS subscribers. Brian built three businesses using his knowledge of online marketing techniques. He teaches bloggers the keys to building, monetizing, and selling website.
All of these examples above are designed to demonstrate that you can create your own business model for making money online. You should carve out your own specific niche that fits your passion. Don’t try to work in an area just to make some quick dough. It takes work to build your business and you will get sick of writing posts or selling a product that you care nothing about.
Recently, I came across Pat Flynn’s site at Smart Passive Income.