The New Rich Blog

Month ago I was on a very nice trip in India. While I was wandering around the market in Rishikesh, I suddenly saw an old guy, sitting in front of a table, almost falling asleep while no one noticing him.  On the table there were lots and lots of old coins. I said to myself “what the heck, let’s buy some”.

The first step to take when starting an eBay business, is to sell junk and old stuff you don’t need. So I put 2 coins on eBay auction, with a starting price of $0.99.

I almost forgot about it and after a week I got a happy happy emails from eBay - “Your eBay item sold!”. Well… I sold one coin for $31 and the other for $50… With the investment of 70 Rupees - about $1.5…

I think I know where I will go this friday - the flea market…

So what am I actually doing? How do I plan to earn money?
Well, I am focusing (not really a focus, you can say) on 4 different streams of income:

1. Affiliate Marketing - for those of you who don’t know what it is: “Affiliate marketing is a method of promoting web businesses (merchants/advertisers) in which an affiliate (publisher) is rewarded for every visitor, subscriber, customer, and/or sale provided through his/her efforts” - Google Definitions
   Right now I am doing a course in affiliate marketing and Adwords, while experiencing this amazing field.
2. Adsense - The idea is simple. You find out a niche, create a simple website with unique content, throw some Adsense on the page and wait for people to come to your site and click the ads. In reality it is not that simple. You need to make a lot of effort in SEO and with Google’s non-stop algorithem changes it is like tying to do magic tricks for blind people… But it is possible. And i’m trying to see how.
3. Ebay - The whole world is a market place. You need to find the right product in the right price and automate-it-up. There are a lot of people who are making great income from Ebay.
4. Ideas Ideas Ideas - I have a couple of ideas for unique websites. How will they come to life? I don’t know. I guess I need to find some partners and some free time.

And between all this, I am doing some freelance jobs to have a little bit of steady income…

I am going to have some food to stomach and food for the soul. I think I will call it a day.

Good Night!

The New Rich