How i made my first million on the internet

By M.Farouk Radwan, MSc.

How i made my first million on the internet

My net worth now exceeds 1 million dollars. Thanks to God first, then to the number of books i managed to sell online through the different online channels including this blog.

I thought a lot about the kind of information i should put in this article and of how i can let you gain the maximum benefit while making this article as short as possible. The conclusion i reached is that this article should be in the form of bullet points where i mention the extremely important things that helped me reach the point i am in today.

Don't read any of those points as if it's something that is not really needed for i am telling my real success experience and not my personal thoughts or belies.

What matters the most

  • 1) I didn't want a business that couldn't take me here: One of the first steps required in order to become a millionaire is to start a business that has the potential to take you where you want. In other words don't think small. Don't think of starting something to bring yourself few extra dollars but choose the kind of business that has no ceiling. This is the exact reason why i ended up selling my books & products online. See How to make money from your website
  • 2) I found a market gap: If you used this tip alone you can succeed. When some people ask me how you made your money online and i reply back telling them that i found a market gap they respond by asking for more tips as if this is something trivial. In fact this is the most important tip you are ever going to hear about making money online or offline. When i started my blog there was nothing similar to it and this is why the people who were looking for such advice liked my site. It's all about finding a market gap and filling it with your product. See also The ultimate guide to making money from the internet
  • 3) Continues education: Once you enter a new market or a new field there are so many things that you need to educate yourself about. I used to read for hours each day simply because unless i did i would have never made it. I taught my self SEO, Conversion rate optimization, online marketing and so many other things. If you do not intend to read at least for 1-2 hours per day then you are not serious about achieving online success. See How to teach yourself anything
  • 4) Persistence and patience: I started my website in November 2006 and i didn't start making money , except for very little amounts, before 2008. If you are consistently looking for a system that can help you become rich quick or overnight then you will never reach anything. The road to success is very tough and is sometimes very long. If you want to have realistic expectations about how this road looks like then check my book From 0 to 1 million Dollars
  • 5) Extreme focus: I see so many people trying different things then changing their paths few months later. It's totally OK to change your strategy if it didn't work but you can't assume that you failed if success didn't happen in few month. You must give each project at least one year before you can consider it a failure given that you were working extremely hard during that year. And by the way success can take more than a year but usually after a year you will know whether you are on the right track or not.

Is that everything?

Of course no. There are so many other things that you should still do but the above 5 points , in my point of view, are the most important ones.

Do the above things and then add to them whatever good advice you can find and your chances of success will become much higher.

I have managed to become a self made millionaire at the age of 28. This didn't happen by chance because i already wrote that goal down five years before i accomplished it. Becoming rich is not about luck, starting big or being intelligent but its all about having certain beliefs about money and life.

In The Ultimate guide to becoming rich i will teach you everything that you need to know in order to become rich.

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