I’ve been asked to say a few words at the Webmaster Malaysia gathering this weekend, and Lim CS said he’s preparing a projector for me to present some slides. Wow.
I don’t think I’ve much to share except this one thing. It’s a common mistake a lot of us make in Internet marketing; we don’t turn our skills into a product, and we don’t turn the product into a business. Until we do all the steps right, we cannot expect to make “unlimited income” from the Internet.
For those of you who can’t make it to the gathering, you can listen to the short audio.
| Skills | Product | Business | Asset |
| Easiest way to make money online. If you have a skill that can be “sold” online, do it. | Best way to make more money from your skill. Teach others how to do it, and you have a product. | Add more products based on your skills, and you have a business. Add more products based on other people’s skills, and you have a bigger business | Hand over your business to others, while maintaining ownership. Remove yourself from your business, and treat it as an asset while building another business. |
| Do it yourself | Teach others to do it, become an expert | Hire people better and smarter than you. Outsource everything except marketing & your core skills. | Train leaders capable of handling and marketing your business. Pull yourself away and empower others to make decisions. You only decide on the direction and long-term goals. |
| Income is good, but limited by time | Income improves, independent of time | Expenses increase, but income increases too if you do it right. | Unlimited income and time freedom. |
Everyone wants to earn residual income on the Internet. Everyone wants to make money while they sleep, to spend half the year traveling the world and yet continue to make money from their Internet business.
But really, is that possible for YOU?
It depends on which of the 4 stages you currently belong to, and how fast you can move ahead.
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Thanks. You have some great informtion there. I have so much to learn
Hi Gopal,
This is a very precious advice.thanks buddy.
Regards
P.C.Kabeer
Hi Kidino, when was this? Wow, looks like GK walks the talk than just most people like me, talking and thinking all time but prolly still crawling, lol.
Seeni
blogmiracle.com
Do you remember that time when we were in Jusco with Sunny. That was probably the first time we met and you were picking my brains on how to build a business online. You’ve progress so far that I am the one learning from you now.
A great sound advice for those IN and LOOKING INTO internet business. Sure made me look at myself and where I am at. It’s time for an assessment.
Your ‘Big Picture’ is very interesting. In simple terms it provides a clear sense of needed direction. I guess I am somewhat between stages 1 and 2 (a bit of both), but I hope soon to be able to move beyond that as I proceed to outsource.
Some people just don’t ‘get’ the ‘Big Picture’. They fail to see that in order to make money one must spend it … the fear of parting with their hard-earned cash is enough to transfix them on the spot!
I enjoy your blog, Gobala …
All the very best …
Dale
You are right giveaways will build your list. I have participated in 4 this year. It is a lot of work, so you should pace yourself. If you don’t have a list or a large on it will work and it is a good learning experience.
i often visit this site but this is my comment … nice tips … always curious how
Very good contents for entrepreneurship. I believe you are already there and know what you are doing.
Glad to have you as my buddy and business partner.
Hi Gopal,
Nice advice & thoughts. I have bookmarked your blog for regular visit. Thanks for solid info.
Thanks, Gobala. You put the entire process into a very understandable mini lesson. You are an invaluable resource, and for that I appreciate you. Keep up the good work.
Albert Grande
http://albertgrande.com
Gobala,
Wow! It took you just a half of page to display the most important advice that an aspiring internet marketer needs.
That along with “focus” is the road to success with an online
business.
It took Rich Schefren, how many pages, 35+, in his “manifesto” (and many had to pay a $397 month membership fee to hear the details) to describe what you succinctly laid out here for all of us.
I have found myself subscribing more and more to your internet marketing wisdom.
Thank you
Steve
wow..wow..bravo Gobala, certainly yr sharing has open the eyes and the mind of many people including myself. Yup. . . need to use your own skill to your advantage and train others or delegates…will certainly develop a product myself in the future.
man. I miss this due to a friend’s LUNCH wedding. too bad I was not there..
hope to hear you presentation result soon. unfortunately i’m not there. missing valuable speech
I really like the part where you say you should hand this business to someone else and train them to run it for you. I am a control freak and no wonder i am busy all the time. I have to learn to let go i guess..
blogmiracle.com
Hi
It’s is great to know your theory.. I am in the second stage and gradually moving on next..
Thanks
are you hiring somebody to work for you?
wow … you’ve formulated great concept man … im completely newbie in this virtual business
but you give me good mood today… i’ll start 
hmmm… products
Hoho, guess woot? I enjoyed listening it Life in front of me today at the gathering. It’s very much interesting. Impresive!
Hey guy, nice to meet you
I am the one who ask you about who to turn your skill into product during the WebMaster Gathering. Thanks for your sharing and useful information.
Oh yeah, first time drop by
our biggest is asset.
why? because this is asset..!!
hey Gobala Krishnan,
Man ow man..you make me wanna work my ass of with your information…
Small question, I started my internet compagny but to make some money I need to have members. I tried several e-mail marketing actions, but they did not work out the way i shouls be…
Any advice about internet marketing or email marketing…??
Thanks all ready
Daniel (amsterdam, Holland)
I believe this will be the awesome presentation that you going present this Saturday. Sad thing I couldn’t attend this gathering.
Anyway, your topic is clear and easy to understand. And I believe there are still many marketers who missed this.
Kudos Gobala!
good advice man, very clear to me what I have to do ….
WOW! Without a doubt this is the most succinct I have ever seen this concept conveyed.
Genius!
LOL,
I just realized that I need to get my butt into gear and do some serious product creation.
Your posts makes absolute sense and the way you displayed this here is a real eye opener, at least to me.
Nice to meet you there, although I was late
Good luck in your ebook store project, although if you ask me, don’t target the Malaysian market.
Same here, I’m also quite a perfectionist when it comes to certain things. The only time I can fully let go is if I feel the other person knows way more than I do on the topic, and understands whats I really want.