1.7 BILLION dollars
Two guys start a little web business in their garage and sell it to Google for billions. That’s sweet
But how did they do it? Did they just get lucky? Is it possible to duplicate that type of success?
While you may not make BILLIONS, you can imitate their success and earn your own piece of the pie.
First, focus on solving a problem in an emerging niche.
There are 150,000 new blogs every day. YouTube gave bloggers and MySpacers an easy way to add video content to their blogs.
What other niches are exploding right now? Wikis are becoming a rage. Social networking sites are growing exponentially. Pick one and investigate what problems users encounter. Solve just one of those problems and you’re in.
Second, allow users to generate the content.
This is key. Imagine if YouTube had tried to create all the videos itself. It would never have gotten off the ground. By letting users upload their own videos, YouTube became a hands-off operation.
Third, automate everything.
This follows closely with number two: Let your users do the heavy lifting. This frees your time up for marketing while your site grows by leaps and bounds.
Will you be the next billionaire? Maybe, maybe not. If you follow these three guidelines you can’t go wrong.
For more tips on how to create online wealth, see my Success Secrets Course.
I was absolutely blown away when I heard this on the news! Only in America can people literally set up shop in the comfort of their own garages and then become multimillionaires or multibillionaires for that matter! I was very inspired by this story, it’s made me want to press in with my own internet business aspirations even though I’m not even a “thousandnaire” yet. I’m going to press on until I become that plus some, ’cause after all this is still the land of opportunity where dreams can come true, if you don’t give up!