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    Biggest Lesson From 2007

    Delegation, its so easy to waste months sweating the small stuff when I should have been focused on scaling the business in all directions. I've resisted having too big of a team, but I am working on adding more employees for 2008.
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    Creating an Affiliate Program

    WEB/DIGITAL 
    CJ is garbage, they are horrible on both the merchant and publisher side. I would recommend giving a serious look at LinkShare and Performics. (http://www.linkshare.com/ and http://www.performics.com/) Both have solid reputations. Google also have a CPA network running under their Adwords...
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    Sales Tax and the Internet

    TAXES | REGS 
    Take a look at the "fair tax." May be a little bait and switch?
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    Affiliate Web Sites?

    WEB/DIGITAL 
    Don't be fooled into thinking this is a passive income source.. it actually requires an enormous amount of work and management. There are a lot of out of the box solutions to get you set up.. so if you want to exclusively use Amazon.com's program you could buy a tool such as...
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    Advice for E-Entrepreneurs (Domains)

    WEB/DIGITAL 
    You definitely can do $8 registrations and flip the domain for several hundred to several thousand dollars. If you want to see bigger numbers you will have to put more in. Find the right deals and $2,000 can become $10,000 or more. What a lot of people don't realize is the biggest domain name...
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    I met them on the internet?

    HOT! 
    Here is a guy who met some people on the internet; 5 years later, his net worth is between $500 million to $1 billion: http://www.dnjournal.com/cover/2007/december.htm Can you make your own decisions and judgment calls? If so, its irrelevant were your first point of contact is. If you've had...
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    How Profitable Are Franchises

    From what I've heard second hand, a pretty good Subway can make the franchisee may be $70k a year. Lots of work involved, its a full-time job. Lots of other variables of course, like location.
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    My lifes passion! input please.

    WEB/DIGITAL 
    All the big stuff has been covered; go through MJ's list and you've got a good 3 solid years of work ;) I would suggest focusing on the public relations side and hitting it really hard. Ignore the advertising and SEO for now. Your business sells itself so you already have an edge. Build a...
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    Money Magnets

    feng shui? You are definitely looking in the wrong place. The difference is contacts and networking. Of course you also need something to offer others (owning a business and being really good at some part of it.) I don't live in a major US city so I spend $12,000+ a year going to professional...
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    Advice for E-Entrepreneurs (Domains)

    WEB/DIGITAL 
    Here are some blogs for multi-millionaire domainers; read some and it might save you some trouble of buying poor quality domains: http://www.sevenmile.com/ http://www.ricksblog.com/ Seven Mile is Frank Schilling's blog, he's been mentioned in a bunch of business magazines and domain name...
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    Research??

    Follow all of those things, have personal business experience in the field, and talk to other owners. The talking part is critical because thats were you can get numbers for things that are working *right* now. From what I have seen, thats the part a lot of completely miss. Either they are...
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    Texting Biz

    WEB/DIGITAL 
    There still is "easy" money involved, but you need to know what you are doing. Understanding the advertising angle is absolutely critical. If you have no experience in doing large ad buys you will have a rough time. As far as ethics, the mobile providers have to review and approve *everything.*...
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    Crap. domain names are all gone

    WEB/DIGITAL 
    The secondary market is worth considering, I picked up two really good ones last week for a few thousand dollars.
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    Texting Biz

    WEB/DIGITAL 
    Huge industry, I would guess somewhere north of $500 million a year right now. The big wildcard is the mobile providers make all of the rules and the contracts are written so that they can chose not to pay you for any reason. Assuming everything is set up right you can make about $6 profit a...
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    Impact of a weak US Dollar?

    From a basic economics standpoint, more exports, less imports. The wildcard seems to be how other countries will manipulate their currencies in response. From a business owner standpoint, this is devastating Canadians being paid in US dollars. Over the past 5 years it amounts to a 60% drop in...
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    7 Main skills to master

    8) Sales
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    Hello from your favorite Pessimistic Investor

    HOT! INVESTING 
    In terms of #5, there is an excellent article in the most recent issue of Portfolio magazine on the investment banks; it is the cover story on page 178. All the banks are highly leveraged, from 32 to 1, down to 23 to 1 (Merrill Lynch is 23 to 1.) There is some hedging which decreases the...
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    Parking / Parked Domains ... Best Options & Recommendations?

    WEB/DIGITAL 
    I have been using parked.com. Revenue is good, sometimes make up to $5 a visitor. I have not had the chance to compare them with other parking companies yet. The reason there is not one "best" parking company is because they are all different. Some use Yahoo's feed, some use Google's. There are...
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    Twenty-Three Year-Old Facebook Founder worth $5 billion

    HOT! EXECUTION 
    Here is what I think about Facebook. First, advertising. I heard a lot about it not being a good deal. I tried it out, the traffic is high quality. Just today I was looking at one of my Google ad campaigns and noticed that what appears to be a third-party Facebook application was sending me the...
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    Do it yourself traffic generation?

    WEB/DIGITAL 
    Good luck scaling that into the 7 figure revenue range...
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