Is there a real way to get rich online

In a word, no, but if we focus on the definition of ‘get rich online,’ there is a ‘yes’ in there somewhere.

First of all, let’s consider that when most people see the words ‘get rich’ they unconsciously add the word ‘quick’ to the end, even if they don’t mean to. By now we should all realize that there is no way to ‘get rich quick.’ (at least none that someone well-versed in financial principles and morals would undertake).

So, is it possible to ‘get rich online over time.’ Which leads to the second assumption. A lot of people think ‘online’ is synonymous with ‘automatically.’ There is no way for a robot or piece of software to make you rich (unless you invent the robot or software which makes other people rich).

We are now left with, “Can I get rich over time, by using online tools?” and the answer is now, ‘Yes!’ Lots of people have done it, and here are a few examples to get you thinking:

Become a Webmaster
It may not be glamorous work, and it may take a bit of a technical-bent but seeing links to your website popping up on forums and in people’s emails is a great feeling.

To get started, visit www.webmasterworld.com and have a look around. The best place to start is with something you know. Take your hobby, sport or business and crank out information or products related to it! Follow the advice of the pros at WebMasterWorld and you’ll be well on your way to a great website (with the possibility of income).

Play the Domain Game
True story: A young man in college decided to buy the domain associated with the screen name he used for forums, messaging, etc. As it turns out, a few months later Microsoft had decided to produce a game with the same title. The rights to that domain name suddenly became quite valuable, and the young man was bought out for something in the neighborhood of $30,000. Not bad for an initial investment of less than $20.

Of course, we can’t all expect to hit the jackpot on the next Microsoft release, but it is possible to predict what domain names people would like to have. To learn more, read through the materials at www.GoDaddy.com.

eBay
One of the most tried-and true methods to make money using the internet. eBay puts hundreds of thousands of buyers at your fingertips.

One of the most successful strategies used these days is to visit antique shops, yard sales and thrift stores on the weekends looking for collectible items that people might be interested in. Then you set up auctions for your new found treasures, and by the next weekend you have cash in hand for your next shopping excursion.
This strategy also works with finding good deals online (using sites like www.FatWallet.com) and then reselling on eBay.

These are just a few ideas to get you thinking. Visit the websites above and consider what it is you like to do in your spare time that could help you make some extra money on the internet!

April 18th, 2006
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Do I deserve a raise?

One reason many people get into trouble financially is because they start off in life with a job, and end up acquiring responsibilities as they go. Cars, houses, kids, pets, medical conditions, and other financial responsibilities can certainly add up over time, and many people are still doing the same job for the same pay.

It is important to carefully plan your future according to your monthly budget, but sometimes people are worth more than they are making, and that is the time to ask for a raise.

How do I know what my income should be?
In the US, there are many checks and balances to keep undesirable effects from entering our society. One of these is the tendency of foreign workers to work for less than American workers because they place a higher value on each dollar. The Foreign Labor Certification board keeps a careful eye on what immigrant workers earn at their jobs to make sure that everyone is treated fairly by employers. This database is available online at http://www.flcdatacenter.com/OesWizardStart.aspx and is an excellent resource.

Basically you enter your geographic area, area of expertise and job function and you are presented with a list of average salaries by job “level.” In general the “levels” break down as such:

Level 1: Generally assigned to entry level experience and may or may not indicate the need for a degree or specialized certification. The position is usually closely supervised. Sometimes this associated with internship or “in-training” titles

Level 2: Defines a “qualified” worker who works largely unsupervised and performs tasks mostly without prior authorization. This level of job can usually be associated with job offers which require either an amount of years of experience, or a certain amount (or level) of education.

Level 3: Assigned to jobs where a person must have enough experience or education to have attained special job-related skills. This level will often be responsible for coordinating other employees’ actions, and keywords will include things like: senior, lead, head, chief, etc.

Level 4: Assigned to workers with enough skill, experience, and education to provide long term planning and execution of strategy and to independently evaluate their success. Workers in this level will have their work evaluated for sound judgment and application to the overall strategy of the organization, rather than correctness. Generally this position will come with management, and/or supervisory responsibilities.

Each of these levels defines some form of income increase. Remember, though, that these are averages. If you have excellent benefits, extra vacation or other perks at your current job, it is important to take those into account when comparing with the database.

April 16th, 2006
Related Topics: site:financemaze.com (1)-