| updated May 14, 2011
The boom of the Internet has given tremendous opportunities for people to become millionaires. People such as Mark Zuckerberg, the creator and CEO of Facebook, are living proof that the Internet, if harnessed properly, can be the path to becoming a millionaire. Although there are abundant tips and tricks on the Internet to help you become a millionaire, the best way to learn how to become one is to study what existing Internet millionaires did
The Idea
- Although it's fast becoming a cliche, having a great, unique idea is one of the secrets of Internet millionaires. An example of a great idea that catapulted one person to becoming a millionaire is the website milliondollarhomepage.com. It was created by Alex Tew, who sold 1 million pixels on his homepage for $1 each. The pixels were sold out in 2006, and Alex became an instant celebrity in the UK, appearing on interviews and news programs. When the pixels were finally sold out, Alex made a gross income of about $1,037,100.
Passion and Commitment
- Passion and commitment may not be secrets, but they are two of the traits most Internet millionaires have in common. Internet millionaires, especially the young ones, have dedicated their time and commitment to something they are passionate about. Andrew Gower, the founder of Jagex who manages Runescape, said that "... what worked for me was sticking to what I had a real passion for, and what I was good at." The browser-based massively multiplayer online game Runescape is tagged at a value of $650 million.
- Take Risks
- Internet millionaires are not afraid to fail. They take calculated risks and try their luck on the market instead of just making plans that they don't enact. Matt Mullenweg, founder of Automattic and the force behind Wordpress.com, took the risk of dropping out of school to focus on his business. Today, Wordpress is one of the most popular tools in blogging and website platforms. Matt's net worth is about $40 million.
Think Like An Entrepreneur
- Even though you have an idea, knowing how to market this idea and learning the business of Internet marketing are secrets you also need for success. Most Internet millionaires today spend time and effort to educate themselves on how to make their ideas and passions worth money. Cameron Johnson, one of today's most successful Internet millionaires, started thinking like an entrepreneur at the age of 9. When his parents asked him to create party invitations, he branded the invitations with a logo and a name on the back of the cards. Soon after the cards were sent, orders started to pour in and paved the way for Cameron's future entrepreneurial endeavors.
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