Article by Martin Thomas

Exponential money generation is an old idea. Barely noticed by the average person, it is still the single most utilized concept by rich Entrepreneurs the world over.

When we put an amount of cash in the bank, the bank will offer us an interest payment for the use of that money usually in the range of 5-10% depending on the current level of the over night cash rate. This passive income is very useful on a large scale. For example a person with million dollars would be offered quite a bit more for the use of that sum however, at 7% the annual return is around 0,000 per year. That is a very useful sum to be able to utilize as discretionary income. Indeed one could live very well for the remainder of their lives with such a comfortable return simply by keeping their money with a bank.

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Turn Your Idea Into A Business – The entrepreneur’s guide to starting a business [3.5 & 5.25" disks]

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I would like to start an online business over the summer. I have a few ideas so far. My goal is to eventually make six or more figures a year. I am not sure which idea is the most profitable.

1. A website where users can submit original songs and other users can listen, rate, comment, share, and chat with other users. Users can also create pages where they can post info, keep track of favorite songs, and find new band members. I have no coding experience. I would have to hire a web design firm, a elance person, or my cousin. I am limited with cash. I would make money by selling ad space and selling a pro membership if the site gets big enough. I like this idea!

2. I would create a website where people can buy, sell, trade, or auction off their websites. There are not many marketplaces for selling and buying websites except for a few that aren;t very good. Sitepoint.com does have a section on the site for selling and buying sites, but it is not their main focus. I think this site could be huge. I would hire a web design firm, and elance person, or my cousin to create the site. It should be easy since there are a lot of marketplace scripts around. I would make money from selling ad space on the site, and charging a small 4% fee to the seller once a sale is made. So if he sells his site for $20,000, I would take $800 and he would get $19,200 for the sale. I love this idea! I think it could make me six or more figures a year.

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Hello. I would like to start an online business/company over the summer. My goal is to eventually make six or more figures a year. I have two ideas which I think could be really profitable. The problem is, I was quoted 40-50 thousand to make each site (except for the other business ideas). I just dont have that kind of money to even build one site. I will list the ideas below, and could you please tell me which idea you think is more profitable. How should I go about building the site? Should I hire someone on craigslist, rent a coder, etc.? Or should I try to build it my self? What should I use? I dont know programming or coding or web design.

1. My first idea is a website where users can submit original songs and other users can listen, rate, comment, share, and chat with other users. Users could also create a page where they could post info, and find new band members. I like this idea since the only competition is www.purevolume.com. PureVolume is making $300 a day! If I make a better site, why can’t i make that or more? I would sell ad space on the site. Accounts would be free, but if the site became big enough, I would create a pro membership that costs money in addition to the free account. If you think this idea could be profitable, how should I go about creating the site? I got quoted 40-50k to build by a web design firm. Should I use Kickapps which lets you create a social network site where user submit content (videos, MUSIC, videos etc.) for a small fee? Should I hire a developer on rent a coder?

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I am young and have been trying to become an entrepreneur for a long time. I have a good idea but I just don’t know where to start. If anyone would like to invest or can help me start that would be great.

For more details please email me at Collector4good@yahoo.com and reply to this question

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More and more people nowadays are moving into entrepreneurship and working for themselves, rather than working eight hours each day in an office for somebody else trading time for money.  We are all conditioned to get an education, find a job and make your boss rich.  Well it’s about time you thought about your financial future and started working for your own financial destiny.

There are many options available today for the new entrepreneur.  If you have a good investment set aside, you may consider franchising.  It is always better to go this route as your success potential is far greater than if you had to start a business from scratch.  You would obviously need a large amount of money for this as most good franchises don’t come cheap.  You would probably only start to see your profits after a couple of years, once all your start up costs are paid off, but if you are in this for the long term, in most cases it will pay off handsomely for you providing you have chosen the right business venture.

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Im 13. I want to start an online business over the summer. My goal is to eventually make six or more figures a year. I know that sounds crazy since im only 13, but its my ultimate goal. I have a few ideas for a business, but I’m not sure which ones are profitable, and which one I should do.

1. A website where users can submit original songs and other users can listen, rate, comment, share, and chat with other users. There will also be a page where users can keep track of their favorite songs, post info, and find new band members with the band member finder. I would make money from the site by selling ad space, and if the site gets really big, i could create a free and pro level membership (pro costs money). Pro members would get extra features. The problem is, since i have no coding or programming experience, I would have to hire a web design firm. A site like this, though, could cost tens to hundreds of thousands of dollars, which I don’t have! My other options are hire a coder/designer/programmer from elance for a nice price, or hire my cousin who is at RIT for web design and programming. I think this idea could be profitable. There is not really competition execpt for www.purevolume.com I like this idea a lot!

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And i need a small amount of money to start up this business.

Can any one advise me on how to go about getting enough money to start up something small scale.

Between £5000 – £8000.

I know that there is a market for what im planning on setting up which is why im trying to take the opportunity to do it while i can its just i really don’t have the cash to start it up.

ways to become a millionaire?