Thank you for sending much of your info with regards to this internet business. Well I’m really confused, don’t know where to start. I am a Professional Engineer by practice and love so much this business. But don’t know where to begin. There are lots offering such as PLR, MRR, Autopilot, WordPress, PPV Traffic, Affiliate, AdSense and so on….

My e-mails is full of these offer from the internet marketers…so can you do me a favor in giving me the advice on how to start from the very basic. You know as well each of the offer are un US$…and after converting to our currency it would be quite a considerable sum… i don’t want to spend on unnecessary product but i wish to go for the right one & start from there on….tq

This is a common issue when you focus on the tactics, instead of first thinking of a suitable business model for you. Everything this guy mentioned above is jus a tactic to get more traffic and more sales. But what do you sell? How do you generate income from all that traffic?

If you can’t plan a suitable business model – something that is based on your available time (part time of full time) as well as your budget – then all these tactics mean nothing. by focusing on tactics you’ll only be running around in circles without building anything substantial.

Normally, I would recommend that you attend my Internet Millionaires BootCamp where I discuss the most popular business models and help you find one that is suitable for you. However, since we’ve postponed all our bootcamps till early 2011, I recommend that you signup for my personal coaching session instead.

If you’re serious about starting an online business, you’ll find that the personal coaching session will be the fastest, shortest and easiest way for you to start making money online while building a real online business.

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Now I’m going to quit it all. Everything has to go.

Why? Because I’m going to turn THIRTY soon and I feel like my life is going to end in a flash, so I want to enjoy every single day and spend all the hard earned money to experience life to it’s fullest.

(Ok, you didn’t really believe that, did you?)

But yes, I’m doing a complete u-turn for the sake of future business growth. If I can give you one reason why, it’s because of the book Good to Great.

I highly recommend that you read it too. It will reveal the truth about why some companies experience dramatic growth, and others don’t. As I was reading it, I began  to realize how related it was to what I want to achieve in life.

Money, for me, is not important. Sure, it was important in the beginning when I was dead broke, but after I started making a steady five-figure income every month, making MORE money just wasn’t that exciting anymore.

What I really want to do is make a difference. I want to make a change in people’s lives, and get a small mention for myself in history books.

“Gobala Krishnan, the guy who…”

The guy who what? Made a lot of money on the Internet? Quit his job at 25 with $30k in debt and never looked back?

No I want history to remember me for how I helped others, not myself. After reading Good to Great, I realized the only way to achieve it is by being the best in the world at something.

But what? What can I be the best in the world at?

I will tell you what I discovered in the next post.

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While attending a press function recently, I had the opportunity to sneak in a photo with Tony Fernandes (middle), CEO of AirAsia. In my opinion, Tony is without doubt the best marketer in Malaysia, and probably one of the best in the world.

I’ve been wanting to get a photo with him for so long. Finally my dream came true, thanks to some random good luck.

In a country where big businesses are politically linked, meticulously regulated and agonizingly boring, Tony pushed through the crap and made an impact in the lives of millions of people. Surely, you’ve flown AirAsia?

For an amazingly successful person, Tony is quite down to earth and in most photos (except this one) you’ll see him wearing an AirAsia cap or jacket, taking every opportunity to promote his airline. And why shouldn’t he? Any marketer like Tony surely understands that you cannot leave marketing to the marketing department.

Marketing does not start once the product is completed. Marketing should influence the product, the pricing, the culture and everything else. Tony is the anti-CEO, getting his hands dirty on all aspects of the business, something most CEOs avoid like a plague.

Don’t be fooled – it takes sheer determination and unusual insight to go against what everyone else is doing to produce something so radically different that people like you and me actually told our friends about it. The “Purple Cow” that Seth Godin popularized, the holy grail of all entrepreneurs. Who can forget the 1 million free AirAsia tickets, or the more recent cheeky AsiaAsia TV ad?

In my opinion, he is the best marketer in Malaysia for the past five years. He’s probably also the best Internet marketer for the last five years.

Second place hopefully goes to me

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Let analyze the sanity of this theory, and how to apply it to your online business.

GET BIG FAST.

Well actually, similar ideas have long been covered in self-help books, using the term “delayed gratification” although it was used in reference to the individual and not a business. It basically means instead of reaping the fruits of your labor now, why not invest it for the future? The rationale is that if you can delay gratifying or satisfying your needs now, you can have even more in the future.

For example lets say you just made $200 on the Internet in the last month. You have two choices: spend the money or re-invest it into your business.

The first option gives you instant gratification, and after all it’s your hard earned money so why not spend it to give yourself a treat? By all means go ahead, spend your first online check on brining your family out to a fantastic dinner.

But what about the next check you get? And the next? And the next?

Do you go out and buy a new car (like so many Malaysian business people do) or re-invest it into your business to create more products, get more leads, build a stronger brand and woo new partners?

That’s exactly what Jeff Bezos thought about when Amazon was but a dream. He decided to forfeit all profits to expand the Amazon brand, customer base and inventory. According to Jeff, when you’re in a rapidly growing market you should forget about profits and focus instead on market share. That’s because when the market matures, you will be one of the biggest players in it and stand to get the highest profit.

Amazon should have, and could have, been profitable much earlier. Amazon’s first “reported” profitable quarter was in 2002 – but it was really profitable at least a year before that. All the profits went into making the business bigger,faster. This helped Amazon evolve form a small startup into one of the largest online economies of our time.

Have you ever wondered how history could have been much,much different if Bezos decided to take out Amazon’s first profits and get himself a nice Ferrari or yatch?

History is littered with thousands of would-be millionaires who just could not control their urges of self-satisfaction and leading “the good life”. Lets try not to be one of them.

Get big fast. Do it.

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I’ve been nominated as one of the 27 entrepreneurs in Malaysia for the “Most Inspiring Young Malaysian Entrepreneur” award by Ideapreneur.net.

Help me to boost my rankings a little by doing me a simple favor: vote for me.

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It’s easier to do nothing. It’s safer to not have to deal with risk and failure. A lot of people choose this path – it’s called a JOB – and there’s absolutely nothing with having a job.

But if you’re in business for yourself, you’ve got to stop giving excuses like the ones you gave your bosses when you came up short.

How many years do you have to be a newbie before you start making money online? One year? Five? Or six months?

The fact is most of the people saying they are newbies simply have no guts to do anything. So they just buy products that teach you how to make money online, read them, and then condemn them. But they never implement the strategies in the product to actually do something.

They never get out of the learning stage and into the action stage.

Most of them eventually quit.

I think I’m going to come up with a new term for this. I’m going to call them “newbies by choice”

If you ask me, all it takes is one ebook, seminar or personal coaching session to give you a jump start. Or if you have a lot of time to spare, just read websites and go by trial-and-error. Then, if you really wanted to do it, you will.

Otherwise, you’ll just join the rank of newbies by choice, and there are so many of these lurking around waiting to pounce at those who are actually moving forward..

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I logged in to RentACoder today and found this message:

While we are proud of all the kudos listed below, the ultimate kudo is the 92.29% of repeat business that we receive from our buyers. According to a study by KPMG, the average software industry business has a 64% repeat business rate.

I’m not surprised at all. The thing I love about RentACoder is their escrow process and their arbitration process. They really make it transparent to both coders and buyers, and I fell safe outsourcing at RentACoder.

See: www.RentACoder.com

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Unless you can write a best-selling book or produce a hit music album, your only chance of having a better life is via MLM.

Ironically, those two things are exactly what I’ll be doing for the rest of this year.

I’m not sure if you can consider e-books as part of the “non-MLM” plan, but I will be publishing a physical book this year for the local Malaysian market. And next year, something for an international audience.

Did I mention I was in a band?

We’re coming up with an EP (short album) in the next few months as well, and we’ve already lined up a few TV interviews, gigs, and some half-baked plans to market our music via the Internet.

So the real challenge would be the “best-selling” and “hit album” parts of the plan. I mean, anyone can have a book or album but the key to success is to make it sell like crazy.

I can’t really say that I know 100% how I am going to achieve that, but yes I do have a plan. The rest I believe will come along the way and I don’t have to worry about it just as yet.

For now I just want to believe in the Law of Attraction. I just want to focus and imagine having accomplished those things, and I believe the doors will open up to show me the way.

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My friend Sunny Tan did a great post on my forum for Malaysian Internet marketers, and my reply to the post was something like this:

Ask yourself, whether you are in the LEARNING stage, or in the ACTION stage. If you are in the learning stage, go and buy some ebooks, instead of reading bits and pieces from blogs and other people’s sites. It will help you a lot. Buy some software, try to create a new website, learn, learn learn. Try Ebay, try selling ebooks, try a few things, just to see which one you feel is the business model for you.

Not making much money? Nevermind – you’re in the learning stage. If you’re complaining about spending a few hundred ringgit, let me ask you how much you spent on your Degree or Diploma? Have you got back your investment on that? Or is because daddy or PTPTN paid for everything, that you think it was free? Education has never been free, and never will. Not only money, it will take you time to learn new things.

But the LEARNING stage must come to an end sometime. Of course as an Internet marketer you learn new things all the time, but by the time you come to the action stage you already know what business model you want to be in. Adsense sites? Selling Ebooks? Affiliat marketing? Etc etc.
Then just stick to it till you MAKE money. Trust me you will, if you really are in the action stage. By the time you get to the action stage you have already spent a lot of money, and now it’s time to get serious so you can make back your investment and much much more.

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