How to Create A Product Online?

How to Create A Product Online??

Some readers ask me the way to create a product online and how to market the product to international market. I think first of all, you must try to concentrate on niche market rather than market that has fierce competition.



Sell your first product online TODAY!!

 When I created PassPACES.com 6 years ago, there was no website for MRCP PACES candidates, initially there were a lot of visitors to my site but the numbers droped significantly after a few years. When I started writing my PACES ebook, there was no similar product in the market, therefore before creating a product, think of the following,

1) Who will be your customers? The bigger the customer base, you anticipate to enter a more competative market, therefore I suggest you to find a smaller and more concentrated market.

2) What will be your product? I think ebook is the easiest, you can email your customers, save your money, time and postal delivery but the only drawback, your customers may share this product with others!!

3) How to promote your product?? There are so many ways- forum, Google Adwords, articles submission etc etc. Can be either on-site or off-site promotion.

4) How to get your payment? I think the easiet way is Paypal unless you have big volume, then you may want to set up your own credit cards payment system or else, just use PayPal!!

My First Check in Paypal (II)

My First Check in Paypal (II)

As I told you before in my previous post. I finally got my paycheck from Paypal after venturing into internet business in 2005. I started PassPACES.com in 2005 after passing my postgraduate medical degree. After reading a lot of books and posts in the internet, I strongly believe that Google Adsense is the best way to get my first dollar from internet. Frankly speaking, it was quite true because I still remember I made US35 dollars first month after running Google Adsense in my website.

Write you own ebook if possible!!

I was very very excited and worked very hard trying to get at least US100 dollars every month but I was unable to do this consistently and I must say that Goolge Adsense revenue is pathetic!!

After that I tried other methods to earn money- Ebay,Amazon, Clickbank etc etc but it is easier said than done. Besides making about 70 pounds from Amazon UK after 2 years, I got almost nothing from other methods mentioned above.

Finally, I wrote an ebook in my website. Yes! You are right! It is a tiny ebook that I sell for about RM150 per piece and I made about RM30k in 2 years ( I made RM4K during the first month after launching of the ebook). I think it is not bad because I spent only 2 weeks writing the book and I still make about RM800 to RM1000 per month until NOW!!

Yes, I think the best way to make money online is to sell your own product if your website traffic is not so heavy. Just creat a special product and hope it can sell likes crazy and hopefully YOU TOO can make some side income online too!

Formula to be Millionaires ( III)

Formula to be Millionaires (III)

So am I a millionaire? A lot of readers ask me. If you a millionaire, why do you bother to blog about making your first million in this blog. Frankly speaking, I do not have a million in cash but I can say proudly to you that I have a net worth of more than a million. I believe in investment, I believe that no matter what people told you before, there are still a lot of legal ways of making money.

First of all, I try to avoid buying bad/useless assets. The best example of this kind of asset is car. Some people might think that it is almost impossible for you to live in Malaysia if you do not have a car. I totally agree with that, if you are thinking of buying one. Buy within your means, what not considering a second hand car??

Secondly, before you can invest, you must save! Even just RM200 a month, I am happy to save regularly. I keep the money and when I have enough fund, I buy stocks, I buy property that give me long term gain if I hold to them. I even buy books to learn about investment!

Thirdly, spend your time wisely. I would prefer to attend a property/stock talk rather than sitting in front of TV watching AXN ' CSI' /' Leverage' or even 'Amazing Race'! Don't waste your time! Gain the knowledge and prepare yourself!

Fourthly, start small but dream BIG! Even only you only make RM1K this time, you can make RM10K, 100K or even RM10 million next time!

Lastly, yes, you must TAKE ACTION! It is pointless you are just dreaming and find out you wet your pant without taking any concrete and firm action!!

Hidden Gem in Penang

Hidden Gem in Penang

Yes, as I told you before, for you to get a property that gives you 8% rental return is almost impossible in Penang. However, recently I noticed  an interesting trend in Penang property market. Yes, there is a hidden gem in Penang area that is left unnoticed for very long time!!

Bandar Tasek Mutiara, Simpang Ampat

If you ask me that next area in Penang that will prospers in the next 5-10 years, I have no choice but to tell you is Seberang Perai Selatan. Yes, this area is long left unnoticed by property developers and investors. And the good news is I think the property price in this area is likely to appreciate very fast in the next 5 years!!

Some of you might know that I come from Seberang Perai Selatan. I bought my first property in 2001. It is a terrace house in Bukit Tambun, Simpang Ampat. The purchase price was RM170K back then and sadly, the price never appreciated for the past 8 years. The good news is the launching price for a terrace house around Simpang Ampat is now around RM220K, That translates to almost 30% capital appreciation in 10 years which is 3% per annum.

But what suprises me most is I rented out my house recently at RM1100 per month!! Wow, that is a solid 7.7% rental return for a landed property!! I think you can't get it anywhere else in Penang except in seberang Perai Selatan!!

How to create Multiple Incomes?

How to Create Multiple Incomes?

As I told you before, the very best way to get rich is to duplicate yourself! You have 24 hours a day, Warren Buffet has 24 hours a day, Tan Sri Robert Kuok has 24 hours a day too, but why do they make more money than us?? The ONLY secret they have is they know the way to duplicate themselves and make 1000x or even 1000000x money every hour than you and me!

So the issue is how to duplicate yourself? I will try to give you a few ideas below,

1) Create a business model and open up branches nationwide or even worldwide- this is the way how Mcdonald's, Tesco, KFC make money. You can franchise your business too, look at Old Town Coffee house, Secret Recipe in local scence, they created the idea and they make money everyday just because of the idea without sweat and energy!

2) Hire people! Yes, you have 24 hours, if you hire 10 people, you will have 240 hours a day to make money! This is the classical way how a factory, a normal restaurant or big coperation makes money. The success depens greatly on your bussiness model!

3) Make your income-making machine self-automated! Yes, there are so many ways out there where you need only minimal time to monitor but still give you lucrative incomes- for example- internet business, stock market etc.

4) Force people to work for you- Yes, you are right! I mean literally 'forcing' people to work for you such as renting out your properties to people. They work hard to earn money and they pay money for YOU!

Hope to share with you more ideas to make money soon!

Formulas to be Millionaires

Principles to be Millionaires

Yes, there are formulas to be a millionaire! As long as you follow these formula strictly, you will become a millionaire, it is just a matter of time. Trust me, these formulas are proven and just stick to them and you are on the right direction to be a millionaire in one day!

You might heard this, how much money you make depending on how many people you know, I dispute this! I would say, how much money you make depends on how many ways you know to make it! Having said that, when you get richer, it it quite natural you will know more people, I do not agree on 'know-who' way og getting rich but rather than' know-how' way of getting rich!

'Know-who' way of getting rich is a chronic illness that drags this country into corruption, making people of wanting to get rich fast and paving ways for our businessmen and politicians to gain access to easy money!

Believe me, there is no short cut to be a millionaire, I would talk about these formulas in my next post!

How to Make RM4K online

How to Make RM4K Online?

Yes, you are right! As I told you, I finally made my first RM4K online in first month via Paypal. Having said that, my income is not consistent, ranging from RM900 to RM2000 per month via Paypal.

How to do this? Google adsense? No way because my website PassPACES.com only makes about RM60-100 per month due to not so great traffic. I managed to do this after launching my first product online- Yes! a small tiny ebook that sells like crazy during the first 3 months!

So, it is certainly possible to get second income from internet!! I always believe that, I can't make money from clickbank, I can't make money from ebay but certainly I can assure you that you do make money from selling ebook!!

Why are we poor??

Why are we poor??

During the last general election in Malaysia, I think a lot of you must have heard that we are far behind in term of income as compared to Singapore, Taiwan and Korea. In fact, about 30 years ago, Malaysians are getting more than their counterparts in Taiwan and Korea, so what actually happens that makes us lack behind our neighbours in Asia? I think all of you have your own answers and I must leave these to be answered by economists and politicians.
However, I notice a few important observations and I think you may want to know,

1) The easiest money you can make in Earth is ?????

The easiest money you can make is not from your parent, your grandy or your boy or girlfriend, you can get the easiest money from tourists! If Malaysians want to make more money, we have to attract more tourists to come and of course foreigners to live in this country. Look at Singapore and Hong Kong, there are so many exparts working in their countries and paying income tax for the government. Take a look at Malaysia, we are the World number one ( Malaysia Boleh!) country to have so many unskilled workers. So what do we get? We get nothing, no income tax, no nation-building but only more crimes, infectious diseases and flooding of workers in our public health facilities!

2) Our mentality has to change

There is no short cut in this world, you want more money, you have to make it. Malaysians like short cut, we give ‘duit kopi’ to settle our traffic offenses, we pay ‘under table money’ to get licences. Wake up, Malaysians, think of a way or a system to make your own money, you will lose the first few years but you will learn slowly and become an adult to survive at your own feet without subsidy!

3) ‘ Know how’ and not ‘ know who’

I always impressed with how the system works in this country. Almost everything in this country is politics-related. We always believe that money making is ‘knowing who’ rather than ‘ knowing how’, therefore, we spend more time making friends rather than improving our business strategy. You will never succeed if you are a giant in this ‘kampung’ and never expand your business overseas. I always believe that a great business is a business earning other people money and not your own people money!

4) Be prepared to pay more before you get more

Malaysians are stingy, we want the cheapest workers in the world even though they know nothing. We want labour intensive business and we are never prepared to pay people more. People around the world are progressing even the Chinese in China, but we are holding back our steps to go further. We do not have minimum wage for workers simply because we want to hire more cheap foreign workers!

5) ‘Middle man’ culture
Malaysia is full of middle man. Our people are not getting the money they are supposed to get because of middle man. We should get the middle man out of our business model especially middle man that does not contribute!

FOREX- Learn you lessons TODAY!!

FOREX- Can you make a living from it??

Recently found a website that offers lessons for beginers to learn about FOREX. You may want to have a look at this website and spend about RM100 to learn about FOREX.

As I told you before, there are many ways to get some side incomes. I am interested to learn everything and I have attended many seminars listening to people their secrets about making money.

FOREX is certainly a good way to make money but you have to know the way!

Learn today!!

Sell Online??

Sell Online- Try Zlio!!

A lot of people want to sell online to get some extra money. Although Amazon provides a good platform for you to get some money selling their products, you may want to find out this site- ZLIO!!

Yes, you can create your own online shop and I find that ZLIO provides rather easy way for you to add products to your own site.

Try it out today and visit my ZLIO SHOP!!

Can you make money online?

Can you make money online?

If you asked me this question 1 year ago, I would certainly ask you not to think about this because there are a lot of scams in the internet. You are likely to lose money rather than making any cents from online bussiness.

You may be wondering what is the fatest way to make your first dollar online. Actually, there are numerous ways to get your first US dollar online if you are serious about it.

1) Google adsense

I love Google adsense because Google pays you as what they promise. I have made about RM3600 ( US1000) so far after joining this program one year ago. If you want to learn about Google adsense, you can try to find out all about Google adsense here! However, be patient, you might not make any money for the first few months, but all your efforts will pay if you are persistent!!

Learn more about Google adsense and sign up here!

2) Amazon

Actually, Amazon is a kind of very stingy company. They pay only about 5-7.5% for commissions for any sale you make through your site. I do not think you can make any handsome money from this unless you have a very popular site.

3) E bay??

Heard about people actually earns a living by selling in ebay. Anyway, I do not have any experince in ebay. I tried to sell my old clothes on ebay and there was not even a single bidder for the past one year.

4) Forex????

I put even more questionmarks here. My friend told me that he made a few hundreds dollars so far in FOREX and if you read newspaper everyday, you most probably read about people making a few hundred percents profit in FOREX in one day. No comment from me here. I will try to learn trading FOREX soon and hopefully can give you all some inputs.

5) Clickbank

Unfortunately, you can't register an account for click bank if you are from Malaysia. But there are a few ways you can do this. Have you heard about Virtual Office? Apply one and use the address to apply one account in clickbank. I find that there are a few companies in Singapore provide this kind of service. Anyway, you have another headache after that, how to withdraw your money from Paypal ( Clickbank pays you via Paypal), I have US40 in Clickbank but I can't use the money and they are deducting US1 every month from my account since 4 months ago because they say that my account is not active enough!!

There are hundreds of other ways you can make money but for a beginner like you and me, I recommend you to give Google adsense a try! Good luck!

Make Money Online- Google Adsense

Make Money Online- Google Adsense

How would you like to launch fresh new income-producing websites each and every month? And the best part is I'm going to do the groundwork for you. All you have to do is open your door and pick up a CD from Joel Comm.

I always think that the easiest way to make money online is using Google adsense. Try this out, you might be able to get your first dollar today! I made my first 100 dollars online via Google adsense!!

ONLY in MALAYSIA??

ONLY in MALAYSIA??

Found out this site recently, not sure wheter it is true or not internet marketting can generate RM20-30k per month!! You may wnat to try out but take your own risk!!