They say that the easiest way to become a millionaire is to marry one or to inherit the fortune of one. Well, the odds of that happening are slim to none for most of us. Therefore, the next easiest way to become a millionaire is to follow an automated system of self-generating cash-flow.
If you want to jump on the fast track to become a millionaire, there is one very easy way to do it. All you need is a computer with Internet access. Nothing else. In fact you don’t even need to spend any money. You don’t need to hire any employees. And it doesn’t matter whether the economy is in a boom or going through a recession.
Armed with your will-power, ambition, and drive to achieve your goal against all odds, and your computer with Internet-access, all you need to do is provide information to people who seek it.
Find out what people want. Find out what people need. Find out what problems people have that need solving. And then present them with solutions. That is, in essence, what business is all about. If you are hungry, a restaurant or a grocery store can provide you food. If you need transportation, the car dealership is there to sell you a car. If you need to invest in your future, online brokerage firms are there to help you invest your money.
Thus, when people surf the Internet looking for information, you need to find a niche market that has thousands of hungry people looking for some sort of satisfaction, and provide them with the answers.
That is what affiliate marketing is all about. Every time you refer someone to buy a product online, you earn a percentage of the profits as a commission. By referral, we are not talking about word of mouth or where the customer has to specify the name of the person who referred them. Referrals, on the Internet, are done by tracking the link that the customer clicked on to get to the vendor’s website.
For example, if somebody wants to buy a product for $50, and the commission structure is 20%, then you would earn $10 for every sale of that product.
Now, because the Internet is a vast and level playing field, it is very easy to reach a potential target audience of millions of people. If you wanted to make one million dollars by selling a $50 product that nets you $10 per sale, you would simply have to sell 100,000 of those. And for that, you need to have a website that generates thousands of hits per day, or write sufficient article reviews for products to generate thousands of page views daily, or participate in discussion forums that have a huge enough participating audience, that would drive enough traffic to click through to your affiliate link and make a purchase.
Ultimately, the easiest way to become a millionaire is to leverage the resources of the Internet, due to the low cost of entry to reach the most number of people, with the least amount of effort. It is literally possible to set up a system for self-generating passive income that runs virtually on autopilot with only a little bit of maintenance each day.