A growing number of ordinary Brisbane residents are cashing in on the e-commerce explosion making up to millions of dollars a year online despite the global economic crisis.
Self-confessed technophobes Andrew and Daryl Grant from Kangaroo Point made over US$250,000 in their first year selling information products online.
Mr Grant said they expected to exceed that figure this year despite the poor economic climate.
“The beauty of the internet is that you’re tapping into a global marketplace populated by billions of people so you’re not affected so much by how the economy is doing like a regular bricks and mortar business can be,” he said.
Mr Grant said their online businesses were largely automated requiring just a few hours a week work and cost just a few hundred dollars to set up.
“Most mornings we wake up to find we’ve made another couple of hundred dollars thanks to overseas sales of our e-books,” Mr Grant said.
Mrs Grant said their goal was to help others develop online incomes so they don’t have to suffer during economic down turns.
“We’re proof that you don’t have to be an IT nerd to be able to make lots of money online because we still couldn’t build a website to save ourselves,” she said.
Mitchelton internet entrepreneur Yaro Starak, 29, earns over $35,000 per month from a range of internet businesses. He started an English school, an online proofreading business, bought and sold websites for profit and consulted on Internet businesses over the past 10 years.
Mr Starak began his Internet career by launching one of Australia’s most popular sites dedicated to the trading card game, Magic: The Gathering, while traveling the world as a competitive player and tournament reporter for the game.
These days he earns most of his income from “blogging” and teaching others how to do the same.
Alex Kouleshov, 24, of Coorparoo in Brisbane supplements his full-time income via two online businesses.
His unique Occasional Marketing strategy netted him $5000 during the 2008 Olympic Games alone. His online Internet Marketing coaching program earns him more than $2000 per month in passive income.
“I can now afford some of life’s luxuries, and trips home to Russia thanks to this extra income,” Mr Kouleshov said.
Cornubia resident Annette Welsford, 51, has built several passive online income streams that earn her $1500 a week. She’s published a book on growing tomatoes, established an online small business marketing coaching program and an online style and etiquette university.
“Its means that I don’t need to have a full time job any more”, Ms Welsford said.
“My online businesses are growing at a steady rate and they basically run on auto pilot. I’m growing them and developing some more online revenue streams so that I can fund my travel dreams and keep building these businesses from anywhere in the world.”
Global online sales are tipped to explode from $2.6 trillion in 2007 to $9.1 trillion this year despite the economic crisis. (Source: Internet Data Centre).
Andrew and Daryl Grant will be revealing how you can develop your own online income at their ‘Our Internet Secrets’ workshop in Brisbane from March 27 – 30 at the Mercure Hotel, North Quay.
For more information visit http://www.ourinternetsecrets.com/2009/lookinside/jmi/