Wealthy Internet Entrepreneurs Develop Multiple Streams of Income – It’s Easier Than Ever

Wealthy people know the importance and power of creating multiple streams of income. Earning money from a single source is what most people do, and most people are broke. Most people have a primary job or career, and that is where their earning power stops. These individuals rarely get rich. But individuals who create multiple streams of income can generate much larger incomes and create unlimited amounts of wealth and freedom. Not only the freedom that comes with having plenty of money, but also the freedom that comes with generating passive income streams that allow people to earn more money without having to spend a whole lot of time working. Internet entrepreneurs have many simple passive income opportunities at their disposal. Anyone can use the internet to develop a lifetime of wealth and financial freedom with the passive income potential that is provided by the internet.

All it takes to become a wealthy internet entrepreneur is a computer, an internet connection, and the desire to create more abundance and financial freedom in your life. One of the simplest and most enjoyable ways to create several incomes streams all in one place is to start your own niche website. I own multiple websites, and each one generates income on their own 24 hours a day from several sources. A website can be easily monetized by using the Google AdSense program, promoting various affiliate products and services, selling advertising space, building network marketing downlines, and many other…. and the list just continues to grow. And the great news is that it is easier than ever to build a website business with little or no previous experience.

Wealthy people take the duty of creating passive income very seriously. You should too. Passive income is the key to a lifetime of financial freedom and unlimited wealth. The thing that holds many people back is that most people like to get instant gratification for their efforts. That is why most people have jobs rather than work for themselves. They like knowing that they will get paid quickly for all the work they do. But it does not often work like that when it comes to developing passive income. You must invest time and energy, often times for several months or more, before you will see the fruits of your labor. But investing your time and energy into the creation of multiple income streams will pay dividends for many years to come.

So why not start your own internet business and begin creating your own streams of automatic income? It does not take a lot of money, or any money at all. And anyone can easily learn how to build a site, and there are many site-builders that do not take any technical know how at all. Make a habit to invest a certain amount of time, whether it be 30 minutes or 3 hours, each day into your new business. Gradually it will grow and become profitable for you, and it may be all you need to generate wealth and become financially free.

Business Entrepreneur Ludacris Continues to Grow His Corporate Empire

While Chris Bridges’ aka Ludacris is doing an incredible job for the Atlanta community at large, as a leader he is smart enough to know to build a strong backbone of true business leaders around him to continue to grow his enterprises. For the Ludacris Foundation, community service means providing monetary support and donating time in our communities at large. Since 2001, The Ludacris Foundation has donated $500,000 to support grassroots organizations that work to help our youth, as well as invested more than 3,500 hours in devoted service to young people across the nation. The programs in support of the Foundation have impacted 7000 lives. The Ludacris Foundation takes pride in “helping youth help themselves.”

A few years ago, Ludacris got a team together to grow additional passive income and not just be a rapper running out of money when the rap career is done and over with. He had to think outside the box and come up with a strategic plan to do so. He went into his think tank of executive partners and developed a team to help build additional brands based upon the name “Luda” that he is known by in the hip hop music industry. Albert G. Sye IV, a Morehouse graduate, is the business behind Ludacris’ health drink, Ludajuice. Mr. Sye also works with the Ludacris Foundation that just gave away 20 cars to Atlanta area residents Labor Day weekend 2009.

When Ludacris needed an experienced team to launch Ludajuice as an affiliate marketing strategy, he knew to contact Albert Sye due to his reputation of his growing Atlanta based company The AGS Group. Mr. Sye received his B.A. in English in 2000 from Morehouse College and is a true “Morehouse Man” in all senses of these words in which they are used by Morehouse alumni.

While at Morehouse, Mr. Sye was involved in numerous activities that chiseled his leadership skills: Morehouse football, member and President of Phi Beta Sigma Fraternity, as well as being a McNair scholar from Marquette University. In 2005, Mr. Sye was a key team member and responsible for helping to build Atlanta producer Lil Jon Crunk! energy drink to a top 20 AC Neilson brand. He handled the sales and merchandising for their number one market: Georgia and the southeast.

Mr. Sye’s background in beverages propelled him to a managing partner role in Ludacris’ Ludajuice team which is a business venture between Ludacris and XanGo formed in 2008. He also serves as a managing partner of The AGS Group. Albert’s clients include Ludacris, Cytosport/Musclemilk, and The Ludacris Foundation. Mr. Sye is also a founding partner of Make Believe Village, an entertainment production company based in Atlanta and Los Angeles, California.

Social Entrepreneur Vs Business Entrepreneur: What’s the Big Difference?

You’ve probably heard of the term “social entrepreneur” and was left confused as to what that could mean. What exactly is that role and what makes that person different from the usual one?

First, what is our basic idea of an entrepreneur? If we define an entrepreneur, he is an innovative person who seeks to answer a current demand on a product or service. Now, we bring in the word “social” to the mix and what difference does it make? Basically we define a social entrepreneur as still being an entrepreneur since he still earns an income and gains a profit by providing services or selling products. However, what makes one different though is that while the usual entrepreneur is driven by profit, a social entrepreneur is driven by social change.

He is someone who seeks to answer society’s social problems with his services or products. Though there is profit to be had, this is not the main driving goal of a social entrepreneur. What he seeks is to promote change and affect society through his products or services. That is what makes him different from the usual enterprising businessman. Businessmen build industries, social entrepreneurs try to build a better society.

It might sound noble and in fact, it is. There is something noble about an enterprising person who could have earned more just by going through the usual business path, but he instead decided to effect change by introducing innovative products and services. If entrepreneurs face hardships when starting their business, social entrepreneurs face double. Most of the time, they introduce a product or service that is not what people are used to and what they wouldn’t even try. To be successful, a social businessman has to educate his target market and basically encourage them to change their view, lifestyle or habit – definitely not an easy task.

Need a bit more help in understand how one works? It might be better to give examples like the following people.

Florence Nightingale is one because she established the first nursing school and she did so in order to elevate the medical profession and improve patient care and hospital conditions. Though she might have earned enough from setting up a school, the change that she effected is still much bigger and more relevant than whatever business aspect her school had.

Dr. Maria Montessori is another example since she strove to provide better early child education by introducing a new approach and program. By setting up her school, she helped the development of many children, not just academically but emotionally and psychologically.

As you can see, the primary motive of social entrepreneurism is definitely to effect change. Profit is only second and in most cases, does not even figure at all. They are definitely what the world needs right now as we are plagued with poverty, climate change, corruption and other major problems.

Is it Really Possible to Go From Offline to Online Business Entrepreneur in a Short Time Span?

The first 30 years or so of my life were spent pretty much the same way as the masses; starting in state school education, following on to College to study, in my case Construction Studies, then joining the usual main stream 9-5 JOB as a trainee for ‘peanuts’ in terms of money just for having the privilege of actually having a JOB!  I remember my first year’s salary back in the late 1980’s was a whopping £4.5k! Yes that’s 4 point 5, not £45k!

At this point you’re thinking, well that was back in the 80’s, right that probably wasn’t so bad was it?  Well 12 years later when I eventually ‘sacked’ my employer, my salary had increased to a staggering £20k a year after reaching Site Manager level, and the employment funnel was getting narrower towards the top, meaning there was little or no chance of going much further.  £20k a year, how pathetic was that!

So I was in my late 20’s, I had been married for several years and both my wife and I were working flat out to try and keep the bills covered on our first home we had bought into. Interest rates here in the UK reached somewhere around 15%, and our mortgage payments were crippling to say the least.  My salary alone wasn’t enough to cover the mortgage.  I was working overtime and even then it was a struggle.  There was no way we were going to be able to start a family! Now we are only talking about 12 years ago, and I recall some of my school friends that had gone their own separate ways were earning anything up to £50k a year. So I knew then something was ‘drastically’ wrong!

The strange thing then, was that everyone else around me at my old employer seemed oblivious to it all and seemed to be happy and content that this was the norm! For some time I had felt as though I was outside of this huge box looking in at everyone else.  I knew there had to be a different way, but I didn’t know how.  Although I had come through the management route in construction, I was quite able when it came to the practical side of construction, and so began to offer my services to some friends.  This then spread to doing small projects to some Architect friends I knew, to the point where I couldn’t cope working my full time job and my new found side line which I was running in the evenings and at the weekends.  I was literally working 7 days a week and burning the candle at both ends!

It was the spring of ’97 and interest rates were beginning to fall.  Just when we saw we could break even, we sold our house and moved in to a bedroom at our parents flat in West London!  We had the greatest news; we were going to have our first baby Girl!!  Now I don’t know if it was this that had the effect, but for whatever reason I decided in my wisdom that now was the best time to sack my 9-5 BOSS!  So, we had no home, we were expecting our first child and then I sacked my BOSS! Shortly after we found a new home and with the money we had saved at our parents along with the additional income I was getting from my new business, put this towards another mortgage. And in that first year I earned double of my final salary at my old employer!

So that was it then, I found my New Success and the right career path move right? Well I developed and grew my own business from initial typical refurbishment contracts of circa £20-30k to larger contracts of circa £2.4million. During this time, I also purchased a Freehold Property which we refurbished ourselves ‘in house’ from an old disused garage to forming a top end Bathroom Showroom, displaying such brands like ‘Villeroy & Boch’ and offered an in-house Design and Installation service to our local Customers.

The down side to this new found success? Well when I was employed, I still had all my holidays.  When we went away we had great times. During our time owning our own business, no such luck!  I quickly found that I was being employed again, this time by a hungry machine that demanded being fed even when I wanted to slow down for a bit; so I didn’t, I couldn’t.

To top it all, as with many other Companies, trading in 2008-2009 saw a significant change and it was evident that we needed to look for an alternative, fast!  Where did I look then? Well I had been a subscriber to a monthly Business Newsletter and the one area that shouted out among any other industry, was how well and successful people were doing ONLINE.  This worried me at first; I had been one of those that, with the exception of purchases etc, had kept completely clear of the Internet and its offerings. My initial thoughts were…

“How can I do anything online, I know nothing about computers, I didn’t take ‘IT’ at school or college, I know nothing, I’m an Offline Entrepreneur…”

Well silly me (that’s putting it mildly!!).  It was great that I had taken the initiative to do something about our lives back when we started our business, but if I had opened my eyes a bit wider and looked further a field, I could have saved years of hard and lost times!

Fast Forward to today, and I am now meeting a complete new stream of people and friends whilst chartering new waters with more ‘Enthusiasm and Optimism’ than ever before!!  The main difference now? Well I get to work from home at the hours to suit me.  I still work hard and am committed to my new found career and Business (everything worth having in life takes work, there’s just different ways of getting there and different levels of enjoying your time whilst achieving it)

I get to take my girls to school on most days, after having breakfast together!  I get to take our handsome German Shepherd dog out a couple of times a day on long and ‘fun’ walks (not rushed at the crack of dawn or in the pitch black of night after work) At the end of the day I get to ‘pick’ my girls up from school!  We have dinner together! This may all seem a bit boring to you, but I have got over 12 years of catching up to do, and the simplest things in life have a complete new value to me again, and I am enjoying every minute of it!!

So ‘Offline’Construction Business Owner and Entrepreneur to ‘Online’ Marketing in less than a year!! Who would have thought you could change your life long career to something completely new? And who would have thought that you can cover the same distance as an Offline business over 12 years in JUST SEVERAL MONTHS Online?

Wow…The Power of the Internet and more importantly, the POWER OF SELF BELIEF!! (I will leave that last one for another time!) For me for now, I feel blessed to be given another opportunity to build a new successful life for me AND my family’s future.  There’s an old saying “Third time lucky…” Well this is my third time around in my career and I don’t plan on going anywhere else now, I have found my right career path at long last!