Amazon.com is probably the most famous internet business, but there are
more and more internet-based businesses making their young owners into
overnight millionaires – even if the business itself hasn't made
a cent of profit yet!
The most recent success
story is a group of students who created ‘student.com’ as an information
centre for students. After just 22 weeks they sold the business for £10
million. Not bad for an
outlay of
a few PCs and time spent creating web pages! Now
you can follow our steps to follow in their footsteps. Good luck and
remember to give us the credit!
Be
first
Have a really good idea before anyone else does. There is no space for the
‘me too’.
Selling books on the internet is a great idea, but Amazon has already done
that.
Be
fast
If you have a really good idea, don't wait around for someone else to have
the same one.
Be
determined
Don’t admit defeat.
There will be many difficulties – technical and financial.
Be
ready
to hand over control
Unless you have business experience already, banks may want you to give
control to someone with that experience before they give you the money.
Be
organised
Have a plan. A simple one
will do,
but if you want to attract
investment
it’s essential.
Be
ready to grow
Start small, but
don’t stay that way.
Sell, sell, sell. If you
want investment, you have to sell, and
keep selling
your idea to people. But be careful -
don’t
give everything
away. |