How to Make $10 Million from Home in 4 Easy Steps

Rule No.1: Pick a market where the competition charges money, and do it for free.

Most people looking for dates online paid hefty monthly fees for personals ads before entrepreneur Markus Frind came along. His site, Plenty of Fish, undercut the competition including Match.com. In that way, Frind was quickly able to grab market share. He’s now tops in the U.S., according to Hitwise, a firm that measures website traffic. And better yet, some of Plenty of Fish’s biggest advertisers are the very same paid sites against which his business competes.

Rule No. 2: Keep your costs low. Really low.

To make “free” work as a business model, you’ve got to be ruthless about limiting your spending. Frind’s website is ugly by most standards, has fewer features than competing sites, and is rarely updated. But that’s the point: Frind has found that it’s better to stick with a bare bones website than to blow money on redesigns and elaborate features.

Continue Reading this Article at Inc.com

Tags: entrepreneur, millionaire, startup business, work from home

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