Becoming rich online

By M.Farouk Radwan, MSc.

Becoming rich online

On august 11 2010 i celebrated making my first million online as a result of selling books and services on 2knowmyself.com

While i only made one million still i can confidently say that a twenty something dot com millionaire has a lot to say about becoming rich online.

People mistakenly believe that they have to be lucky or to start big in order to become rich online without knowing the fact that the ability to make money is formed of a set of beliefs that anybody could acquire.

What to do to become rich online

Here is a summary of the things that helped me become rich online, i am sure that you can do the same if you followed my path:

  • There is no way to become rich quick: People who manage to become rich online are the ones who have a vision and a long term business plan. Compare this to people who try to buy the "Super ultimate effective money making system that can make 10,232$ overnight". If you want to become rich online then put in mind that the only way to do that is to do it slowly but surely.
  • A business not a system: One of the books i sell describes how can you start a successful online business, someone once sent me a mail asking how my money making system works!! i replied saying that there is no such a thing as a system for making money and that the only way to make money online is to have a successful business and not a system. Think about it, if any of these hyped systems really works then why would the person using it bother selling it?
  • Want to become rich online? learn this: Great content can never market itself. In the beginning i thought that all i have to do is to create great content and wait for people to arrive to my site but as the time passed i discovered that learning how to market my content is an essential success skill. Read all the resources you can find about online marketing and you will know how to become rich online
  • Online Success can rarely happen before six months: Don't expect to start making big money before six months or even a year!! Developing a successful online business requires a lot of time, dedication, hard work and a lot of patience. If your goal is to become rich in a month or too then aim for the lottery!!
  • Don't listen to your friends: That's the most important point for online success!! If you want to become rich online then you must not listen to your friends because they will certainly put you down and it would be even better that you tell them about your plans later. People hate change and they wont feel safe to see someone who is like them becoming different than them and that's why they will feel threatened and will try to stop you
  • Success is all about the number of tries: In many of my articles i pointed out that success is all about trying enough number of times until you become aware of your mistakes and learn how to avoid them. Online success is no different, if you want to become rich online then put in mind that you will make many mistakes before you learn how to develop a site that brings money. In short, if your first or second website didn't work then don't lose hope and keep trying
  • A tremendous amount of effort is needed: Some people think that because an online business is based on the internet then it will just work with few clicks. Those people usually fall prey to scams that promise them to get rich without any effort. To get rich online you will need to invest a tremendous amount of effort and money to build your business just like what you will have to do with a real business. See also Top reasons businesses fail.
  • What is the market missing?: Creating an online business just because you want to create a business will never work. You first need to make a market research to find out exactly what is missing in the market so that you can offer it. This market research can be replaced by personal experience if you have already noticed that there is a market need throughout your continues use of a certain product or service. See also Secrets of a self made millionaire
  • You will have to read a lot: The online world changes very often and you mustn't just read to learn about it but you also have to keep reading to keep yourself updated. You will need to learn about SEO, Social media marketing, Conversion rate optimization and so many other things in order to come up with a successful online business.

There is no ceiling

There are numerous examples of people who made extremely large amounts of money online which raged from few millions up to tens of Billions of dollars.

On the internet there is no ceiling. You can market a product directly to the billions of people who are already online. It's like having access to the biggest market place that exists in the world.

Create a superior product , site, app or blog then learn how to market it to people and you will become rich.

I didn't only study psychology for 10 years but i also completed my MBA and became a dot com millionaire, The information you just read can dramatically increase your chance of increasing your wealth and of becoming reach. The book How I did it was written by Me and it explains how I managed to make a website that generates thousands of dollars/month in less than 2 years without paying a penny and that made me yet another dot com millionaire :)

Want to know more?

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Becoming rich fast

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How to become millionaire in 5 years

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2knowmyself Best Selling Books


How to make someone fall in love with you.
Based on the psychology of falling in love

How to get over anyone in few days
Breakups will never hurt like before.

How i became a dot com millionaire
The ultimate guide to making money from the internet