The Internet began in the 1980s and went mainstream in the 1990s as companies like Yahoo!, Amazon, eBay, and Google launched their empires. By the mid-2000s, when YouTube, Facebook, and Twitter opened their doors for the masses to participate, the world had become one huge flattened global village. Today we are the citizens of the world. George Orwell’s 1984, first written in 1949, is here, but unlike the dire prediction of 1984, the Internet has democratized communication and commerce, and nothing can stop its advance.
While it took hundreds of years for many global brands to acquire MNC (Multinational Corporation) status, the Internet is producing billionaires and companies that are spreading across the globe at a rate and speed never before seen or heard in history. Whereas before the rise of the internet, there was only one documented employee-turned-billionaire, in the person of the late Roberto Goizueta, former president and CEO of one of the global brands including Steve Ballmer, Tim Cook and Meg Whitman, to name three, she became a billionaire being a director and employee of Microsoft, Apple and eBay respectively.
It goes without saying that the founders of the global e-commerce giants like Jeff Bezos, Larry Page, Sergey Brin, Jack Ma, Mark Zuckerberg, Jack Dorsey, to mention the highest levels, are billionaires many times. By 2018, Jeff Bezos had become not only the richest man in the world, but also the richest in all of modern history, with a net worth of more than $104 billion, just 23 years after founding Amazon.
According to publicly available information, the top 5% to 10% of employees at most global internet giants like Amazon, Google, Facebook, Ali Baba are billionaires. The Internet, of course, has also helped other global giants like Berkshire Hathaway, Apple, Microsoft, HP, and GE to explode even further and make a larger percentage of their employees millionaires than ever before.
While you needed millions in capital and thousands of employees before the internet to scale your business operations and reach the big leagues, today you can become a millionaire with just your laptop and internet connectivity. In fact, today, the extent and speed with which you can grow to become a millionaire is limited only by your imagination.
To show how imagination triumphs online, let’s take CD Baby founder Derek Sivers as an extreme example. An introvert, in search of a cure he joined a circus and became a clown; he honed his guitar playing skills; he started producing songs; and became a musician and artist. Long story short, he produced a music CD, which his neighborhood stores didn’t stock. To solve his problem, he created a website, CD Baby, in 1998 and started selling his music there and also invited other musicians to join. Just ten years later, he sold CD Baby for $22 million in 2008.
Americans, people from Western Europe, Australia, New Zealand and Israel are expected to dominate the internet, but anyone from anywhere in the world can participate. As someone who has studied the internet phenomenon for a while, these are the top seven mistakes internet newbies make in my own opinion. Read on and learn how to zigzag your way to internet success.
1. Hang out only with Internet ‘gurus’: beware of gurus. They are in a class of their own. While most of them have made an additional fortune online, most of the more familiar names made theirs before the advent of the internet. Why follow the gurus when you are not in the same league as them? It’s like learning to run the 100-meter dash and heading to the Olympics to compete with Usain Bolt, Florence Griffith-Joyner, and Magic “Bullet” Johnson, and the like. You will only end up frustrated. The solution, find someone who is three or five steps ahead of you and learn from them.
2. Trying to multitask: Doing this will be the fastest path to failure because you will be a jack of all trades and a master of none. Do you want to set up an e-commerce, marketplace, membership website, or do you want to learn HTML, how to code, develop software, or do you want to learn search engine optimization, develop electronics or apps? Decide and focus with determination until you prevail in one area before jumping into another.
3. Not trying hard enough: It’s easy to make the mistake of thinking that making millions is a piece of cake and anyone can do it. Thanks to motivational speakers, you are made to believe that whatever you can visualize and believe, you can achieve. Be careful, if it were that easy, we would all be millionaires. It is true that it is easier to succeed online than offline because of the ease with which you can scale, however you still need to burn the proverbial midnight oil, put in the hours, work and sweat, invest enough capital and learn before you begin. see the needle moving in your favor.
4. Lacking Skills or Relying on Shallow Skills – When people read books and watch YouTube videos with headlines like How I Made My First Million Dollars Online, How I Sold 1 Million eBooks Online, and Setting It All Up, Having Fun and watching the Millions Roll In, they take in what they hear, hook, nail and sink.” Again, if it were that easy, everyone would be a millionaire. As Tony Robbins constantly says, “It’s not what you know, it’s what you consistently do” that matter Although thousands are making it online, the technology to achieve spectacular success is quite formidable and beyond the reach of most people, so be prepared to learn new skills such as making videos, writing copy, scripting , podcasting, webcasting, webinars, etc. you can outsource things that are beyond you, you still need to know who you can outsource to and even what to outsource.
5. Not developing online assets early enough – Online assets like websites, blogs, YouTube channels, vlogs, electronics, to name a few, allow you to scale quickly and monetize early. The mistake most newbies make is waiting until they’re perfect. You don’t need to be perfect to launch your first website. Sometimes newbies think that the website is all about beauty. It’s not. It’s all about functionality. Although aesthetics has its place, the main thing is functionality. Can people easily interact with you and your website or blog? Without online assets, it’s hard for people to get to know you, meet you, and engage in dialogue with you. So tomorrow have someone design you a website. If you don’t have anything to put there, just put your photo and say hi, my name is Internet Newbie. You can say I’m on Facebook; I just know that they serve different purposes.
6. Not getting a coach early enough: Derek Bok, former president of Harvard, has the following quote attributed to him: “If you think education is expensive, try ignorance.” The biggest mistake he’ll make when trying to grab a piece of the Internet pie is to go it alone. You can, but be careful, you can spend years trying to figure out what to do while what you already knew or was in style is now out of date. Sure, you can learn literally anything through Google and YouTube, savvy newbies get coaches and mentors to show them the way around the web. Some rookies think they can’t afford a trainer or trainers because they mistakenly believe that trainers are for elite tennis players like Serena Williams, elite boxers like Floyd Mayweather, and elite golfers like Tiger Woods. Nothing can be further from the truth. Anyone can afford a coach. It all depends on where you are looking. Go out and find a trainer and you will have overcome all the other mistakes in one fell swoop.
7. Lack of mental toughness: This is the toughness mistake to overcome. Newbies who lack mental strength are easily discouraged and give up too soon. If you haven’t read the book, Acres of Diamond, borrow a copy from your local library and devour. Mental toughness means believing in your vision, mission, and goal. It’s worth saying that Amazon lost money for 58 quarters (about 14 years) before becoming wildly profitable. If you are missing all the other ingredients but develop mental toughness, you will prevail.
I’ve arranged these bugs in order, with the easy ones to discontinue or dismiss at the top and the hardest ones at the bottom. Mindset cuts through all other mistakes. Take care of your mentality and your mentality will take care of the other mistakes. Don’t just believe in your vision, start doing, start implementing, start executing, start getting your hands dirty! You don’t need more knowledge. What you need is to fully believe in yourself, believe in what you already know, and an effective coach to show you the twists, turns, and twists of the Internet, and before long, you’ll have earned a piece of the Internet pie for yourself. and his beloved. one is.