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Tuesday, December 2, 2008

How Can I Become a Millionaire?

By Harold Vladimogul

To become a millionaire on the internet in 12 months, you absolutely have to be able to do a couple of key things. A well known fact of online business is that traffic equals revenue. This is the basic building block of all successful online businesses. You have to be able to harness the massive buying power of the incredible flow of online traffic. To do so, one of a couple possible things must happen. You have to:

Have a product or service that is in such high demand that you make so much money to become a millionare in 12 months. This is assuming that you have the ability to create or purchase a robust ecommerce website capable of handling massive customer orders and payment processing and that you have the staff to handle all the front and back end orders.

If you don't have a product or service it is is still possible to become a millionaire in 12 months by selling or promoting someone else's product or service online.

There are many legitimate affiliate programs out there in which established businesses seek to leverage their sales with a large affiliate sales force which drives sales for a percentage commission. To do this successfully, you must be able to drive and attract a huge amount of online traffic to the sites, blogs, and social networks you are using to promote the product or service.

The common theme we end up with is that to become a millionaire on the internet in 12 months you have to be able to harness the huge flow of traffic on the web by attracting and driving traffic to your money-making sites, blogs social networks and to affiliate programs that will swap targeted traffic back and forth with you. The key to making milllions online is understanding how to manage traffic.

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