Articles & News About Money & Coin Collecting

Is the Next Gold Rush On Your Desktop?

The speculation-induced rise in world crude oil price and the succeeding fuel costs has, strangely enough, been a blessing for residents of North Dakota. In an ironic, Jed Clampett- style twist of fate, the $140 a barrel price has made 'backyard millionaires' out of landowners whose properties sit on huge oil deposits in what is called the Bakken Shale Formation. It is the largest continuous oil formation the U.S. Geological Survey has ever assessed and the black gold boon is not over yet. According to a report on ABC News, 2,000 Mountrail, ND residents (almost a third of the county's population) will become easy millionaires in the next 3 to 5 years.

Stories like these are surely the source of envy for the rest of us whose property rests on nothing but soil, rocks, and septic tanks. All is not lost however. Though we might as well give-up entertaining thoughts of seeing a fountain of crude oil shoot-out from between the Begonias in the backyard, we can look as close as our desktop to find what may be called 'The Next Gold Rush'- Online Home Businesses.

$4 dollar a gallon prices at the pump has forced a majority of Americans (along with the rest of the world) to undergo some lifestyle changes and re-evaluate their means of making a living. Doing business on the internet is proving to be a more attractive option for people who don't want to waste precious money on long commutes or be at the mercy of corporate layoffs or downsizing. Even Starbucks is reporting the closure of 600 stores this year. On the other side, Amazon.com's second-quarter earnings for 2008 is proof of this. The online company's profit as of July 2008 'more than doubled and easily topped analysts' expectations', according to a report on The Miami Herald. Jeff Bezos, Chief Executive of the giant internet-based business credits the rise in stocks to high fuel prices: 'Even just driving 10 miles these days is a few dollars worth of gasoline,' the Amazon CEO says in a conference call with analysts. 'And consumers, we suspect, are beginning to take that into account and try to do trip consolidation'.

Forbes magazine predicts that in the next 5 years, 100 million people will have started a home based business on the internet. Donald Trump and Robert Kiyosaki (author of 'Rich Dad, Poor Dad') even dedicated a whole chapter of their latest book 'Why We Want You To Be Rich' to Network Marketing- something they haven't done for other business opportunity models. The two mega-millionaires even say that if they could do things over, they would invest in online business opportunities.

There are several pitfalls in running a home-based internet business of course. According to Entrepreneur Magazine, 90% of businesses will fail within 5 years. A huge majority of Americans involved in running an online business (around 30 million) earn only $10 a week, and less than one out of a thousand online entrepreneurs will earn more than six figures.

And how can you be one of the 10% of businesses who are successful?

The keyword is leverage. And the only way to gain leverage in a market of 100 million people is by working with those that have had extensive experience and know-how and finding an automated system that works even when you are sleeping. By leveraging the experience of experts in the internet marketing field and finding a system that automates your business 24/7 you can focus on building your business and let the system do the work. That is just one of the many wonders of internet marketing if properly leveraged.

The fuel crisis and the economy seems to be getting worse each passing day- why wait?

Anne Hess is a marketing consultant and internet entrepreneur dedicated to helping new or experienced entrepreneurs become successful in a home business. Her step-by-step process teaches entrepreneurs the marketing techniques and business skills required to create financial freedom. To find out more go to: http://www.TheNextGoldrush.net?t=searcharticles or contact her at 509-393-1453.

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