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The success of Internet millionaires is not achieved by luck of the draw. They know the secrets to success, which if implemented will make you successful in your Internet business.  

A millionaire knows two kinds of secrets, external and internal. We will go over these secrets in depth in order to help you become a millionaire online.

First, let’s look at the external secrets that Internet millionaires have in their tool kit.

Internet Millionaire Secret #1:  Internet millionaires recognize that strategy is the foundation of any marketing plan. It is imperative to have a marketing strategy and not just jump into marketing techniques. Since consumers have choices now, we no longer need to use mass advertising. Using mass marketing techniques without first strategizing about the state of the market would have been a waste of valuable time and money.

Internet Millionaire Secret #2:  Internet millionaires are not generalists.  In general, niche markets are taking hold in the business market because customers have more choices in where to buy their products. They sell their products and services to specific niche markets.

Internet Millionaire’s Secret #3: Find untapped markets and grab them. Find people in your market who have not been able to get your product in the past. In untapped markets, you don’t have to deal with competitors, so marketing costs go down. Moreover, you will be able to build a rapport and trust with your customers by doing so.

Internet Millionaire Secret #4:  The backend strategy you choose is crucial to your success.

As a company, you want to sell your products and services to a larger audience through several profit centers. You can’t retire early if you only have one profit center. It diversifies your business so that you are bringing in money from many different areas. It diversifies your business.

Internet Millionaire Secret #5:  Try to automate as many services as possible.  This will allow you to sell services 24 hours a day 7 days a week online.  Automate your service centers to cut down on costs and help your customers at all hours of the day.

Internet millionaire’s secret #6: Build your business so you can be replaced. Branding encompasses yourself or the value you provide. You can make yourself replaceable by branding. You can brand yourself for a profit, but you can’t take a break because you have to make all the decisions. On the other hand, branding your value sells your expertise and not your time, whereas branding your value does.

Internet millionaire’s secret #7: Don’t work alone; create a team of marketing, business, mentors, and accountability individuals to support your business venture. It is always better to have two heads than one, so you can discuss ideas and strategies for your business.

Internet millionaires also have internal secrets.  An Internet millionaire has self confidence and believes in their product.  They are able to make decisions quickly.  They have learned the correct information and modeled others that have proven successful. A major secret of Internet millionaires is that they persevere and never give up despite obstacles that cross their path regardless of their job. They realize that their job does not define who they are.