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HOW CAN I EARN MONEY FROM INTERNET

Let me take you back to the early years of this century, the year 1996. There was a time when the World Wide Web or the so called ‘world wide web’ was only beginning to expand and grow into a multibillion-dollar market. Today, we are seeing its adoption as the leading web application in more than any other sector – from marketing to medical and even in banking and finance. It’s not surprising that it is the first, largest and most successful application of technology with a user base across every single industry! The next thing that happens is of course the new e-commerce era. This has created many new opportunities for the internet, but one of the most interesting and most impressive is the rise of online retail stores, especially the
Amazon model.

One example of some of these is Shopify which offers an online shopping service that lets users buy their products online anywhere. These products can be purchased online by anyone with an account at Amazon, which then sells them on its website, as well as through some third party sellers who would have been unknown back then. In addition to this online sale, Amazon also allows users to sell their old stock by submitting photos of their items for sale. Another example is eBay. As the popularity of their website continues to increase, they also offer live auctions for their own online auction site, where users could bid for a chance to win some or all of their goods. This is just one small instance of how far these platforms have come over the last few decades.

 

When talking about the various possibilities of developing a business using this platform, there is actually quite a variety of options that come and go and come up that can provide you a viable income. However, some of the best businesses that are built using it include digital marketing companies like Search Engine Landscape, Zendesk (Search), Lead pages, etc., and the online social media sites Facebook and Twitter.

 

However, there is still one thing that needs to be kept in mind before you start your business or create your brand awareness of this platform – be sure to research the risks involved or the fact that this can create a lot of liabilities in the future. As with any other aspect of life, always looking after your health, taking care of yourself or whatever else that you find important will help you to succeed and make good decisions in whatever you do. Of course, one of the best things about the world today is the access to information anytime, anywhere that you want to know something about anything. For better or for worse, the web has brought this to our fingertips for now and ever. One can be contented and informed without being aware that they are being constantly fed with information daily and it’s impossible to get used to it. With these two key factors and all the knowledge that comes along with the internet, the question is are you ready to use this to benefit your company or your personal financial gains with no risk whatsoever?

 

There are three main types of risk on the web that I believe that the average person will encounter – those that can be avoided if he or she does not prepare, those that need preparation but cannot be avoided because people don’t really understand what this platform is, and finally there are those that are unavoidable and may or may not be able to be avoided. Thus, one has to ask oneself or herself whether he or she wants to deal with one of the following risk categories.

1) Risk of loss or investment

The first thing that many people will face while attempting to utilize this very exciting platform is the risk of losing money. So what happens if you decide that instead of investing your hard earned cash in a legitimate bank account you will have to invest back in your home, office, or somewhere else? While you might think that making a real estate investment seems risky because there are already a plenty of people working in and around your area who already have homes and businesses around the same area that you’re trying to venture and make money from, the reality is that you’ll need to look after your assets well beyond what you already have by managing them. If, for example, you start off with a $1,000 house you’ll quickly realize that that is going to cost you about $3,000 and probably over within the end of your 20 years if you want to retire comfortably with no property taxes! It’s almost exactly what you’ve done for your savings if you already have $2,000 worth of cash! All of this takes away from your potential for higher earnings as much as you saved or invested in a great product and services company. You might think that you will have no problem with that because you were already in a decent position as at the point that you had already put into place some sort of solid management foundation to manage this issue, but you wouldn’t be surprised to find out that things in the past may have changed a bit. Before we talk about risk in general though, let’s talk about the risk of the capital on the web. Capital is usually defined as that money that someone or a group of persons has set aside as their source of wealth or as security in order to obtain money through legal obligations or investment. Any kind of asset that we can think of as having the potential to generate enough capital to pay for a real estate project or a business needs to be seen as something that has the potential to bring in some form of capital through lending or loans. On the computer or smartphone app mentioned above, there are multiple ways that you can lend money or lend your credit history that can save you money at interest rates or fees which could amount to hundreds or thousands of dollars annually.

 

While you may believe that you will never lose your invested funds through your investments, you could wind up losing everything! Your investment accounts will need to be stored secure and protected by law and you will need to keep detailed records of your investments in case the situation ever changes because of events that occur in other parts of your life. Most investors have very high minimum deposit amounts so if after 5 years the bank drops your account as a result of nonpayment of the mortgage or debt, the bank may have to liquidate the account. Then again, if the same bank decides to send you another statement to verify payment and you haven’t paid it by the expiration date, the bank could revoke your account and force payment as part of the cancellation agreement. When you add up all this, you end up saving a pretty penny that you won’t be able to withdraw from any other bank without putting up collateral.

 

2) Loss of reputation

This risk is a lot less tangible than the previous one but it makes you feel very bad if you’re trying to capitalize on a business that you believed could turn a profit and a whole different direction with. As with any other business, there was a time when reputation is everything that defines the way something operates. Some people tend to become known as names that people associate themselves with for life or even longer after they pass on. They sometimes say or do certain things that are associated with this as opposed to a more negative meaning they were thought to have given them. Other times, the reputation is short-lived and people only give up the name when a tragedy occurs or when they see the wrong side of themselves or the bad side of a relationship they may have. The last type is when the reputation goes down the drain and nothing ever shows up for the owner or the company that is associated with it. Because of this, it is a very dangerous endeavor for anyone trying to jumpstart a business. Especially that person who knows the basics and how to operate their business! Even people who may be extremely experienced in their field can easily fall prey to the reputation threat. People lose their jobs, friendships, work relationships, customers, partners and more than they can stand and many business owners have gone bankrupt as a result of this one event.

3) Financial insecurity

This is the easiest on yourself risk category and you can’t avoid it once you start a business or try to go out of it. Although there are ways to protect your finances (such as diversifying into other industries and then branching again to cover more diverse niches if you wish), when this happens the business starts to experience financial insecurity and eventually, bankruptcy. That means that you don’t have a stable financial position right now because of the sudden drop in the value of your investments. Not only is this scary but in the process of handling the business, people get burned out, stressed or anxious and often leave the company or its employees for other ones who they feel will do better in terms of the business. Things then get even messier than before and the owner gets forced to cut expenses and lay off employees and/or people who they felt weren’t doing proper duties or weren’t helping the business at all because the bank was under pressure and needed more employees due to this. What I mean is that the owner has to run his business like he never did before, hoping and praying for the business to grow in the future, but that doesn’t always happen. Sometimes it comes to a halt due to lack of resources and other factors and by the time it does become growing again you’re left feeling utterly devastated and in complete debt. Eventually, this is what causes the owner to close the business down leaving everyone on edge and terrified.

      I hope that this article explains why this particular risk category can be very dangerous. To sum up the risk of financial and legal insecurity to start a business on the web, it’s a huge risk. Hopefully you can learn from my little example of some of the dangers of the web. Keep yourselves safe by knowing all the facts and information related to getting started. Also remember that you never know what this business will look like and its future with. Don’t trust your instincts and always.

 

Thank You.