Wednesday, July 14, 2004

Want to Get Rich in Less Than 3 Years? Here's the Formula!

Instead of actually reading the spam, promising you'll make up to $7,000 a day if you just follow their secret formula, you should look at realistic alternatives to building wealth. We all know those emails are just someone trying to get themselves rich at our expense but all too often someone is sucked into the lie and becomes a victim.

Don't Be A Victim!
Take your future into your own hands and build wealth the right way, spend less money than you make and do it over a long period of time and you'll be wealthy. Or start a small technology company focusing on a niche where there is little competition currently but you feel has great growth potential over the next 2 - 3 years. Then by the time your application / technology has matured and is relatively bug free you'll be in a position to become wealthy virtually overnight. Now we all know the "overnight" really means working hundreds of "late nights" with little or no pay but that's part of being an entrepreneur. Look at it from this perspective, if you actually responded to that spam email you would've been taking a much bigger risk and had no control to the outcome. By building up your own technology company you have ALL of the control. Here are some recent mergers / acquisitions in one of the hottest industries right now (search engines) to fuel the fire of motivation we all desperately need. Enjoy!

Here are some recent headlines about who's getting acquired in the search engine industry. Most of the people that own/operate the companies being acquired are sticking around which may or may not be what you want to do. Even if sticking around isn't your cup of tea, it sure beats working a normal 7 - 6 it industry job where carrying a pager isn't optional and you wouldn't dare ask when bonuses are coming out for fear your cubemates and manager will laugh you right out of your dockers and knit polo shirt.

June 7, 2004
WebSourced, Inc. Acquires Search Engine Marketing Company, Engine Studio, Inc. The Global Leader in Search Engine Marketing adds Global Promoter and Turbo Promoter to its KeywordRanking brand.

July 12, 2004
Integrated digital marketing products seller Digital Impact, Inc., of San Mateo, says it's buying Marketleap, a San Francisco-based Internet marketing firm specializing in search engine marketing services, for $1.5 million in cash and 1.25 million of Digital Impact's shares and options.

July 13, 2004
Google Inc., the search engine currently aiming for an initial public offering on the Nasdaq, said Monday it has acquired digital photo management company Picasa.

July 14, 2004
SAN FRANCISCO - Yahoo Inc girded itself for Google Inc's e-mail invasion by acquiring Oddpost Inc, a startup that has gained a reputation for making it easier and more enticing to communicate on the Web.

Some More Marketing / Technology Company Acquisition Breakdowns
I pulled these snippets from an M & A article at TheDeal.com.

"What you're finding is a lot of undervalued assets in some of these firms," said Don Scales, president and chief operating officer of Agency.com Ltd., a Chicago online ad firm that on Tuesday, June 29, acquired rival Exile On Seventh LLC of San Francisco for undisclosed terms. "As the market picks up, people recognize the assets are undervalued and are acquiring them for future growth."

"marketing company Return Path Inc. of New York on Tuesday bought NetCreations Inc., also of New York, a provider of permission-based e-mail acquisition and sampling services, for undisclosed terms"

"Seattle online media firm aQuantive Inc.bought Web services firm SBI.Razorfish from Salt Lake City-based SBI Group Inc. for $160 million and a June 24 deal by New York-based Time Warner Inc.'s America Online Inc. to purchase Baltimore-based Advertising.com Inc. for $435 million"

"According to a May report by the Interactive Advertising Bureau and PricewaterhouseCoopers, Internet advertising totaled nearly $2.3 billion in the first quarter, the highest quarterly total since the two firms began tracking online ad revenue in 1996. That figure also represents a 39% increase from the $1.6 billion in advertising in the first quarter of 2003, though only a 4% increase from the $2.2 billion reported in the fourth quarter."

So get up off your butt and make something happen for yourself. Do it now rather than later, cause you'll never know what might have been if you have to use the terms "could of", "should of", or "would of".

Posted By Jason Dowdell at 09:58 AM
Permanent Link: Want to Get Rich in Less Than 3 Years? Here's the Formula! | Comments (1)

(1) Comments on Want to Get Rich in Less Than 3 Years? Here's the Formula!

5 years post-acquisition I have to admit that I crack myself up. The most important ingredient in building wealth is spending less than you make over a long period of time. Too bad I was too arrogant to include that in this post back then or heed that advice myself. Oh well, live and learn. I still stick by my thoughts in this post though. Learn a skill and improve your mind so you have more control over your destiny rather than just sitting by idly and falling for every get rich quick scam out there, the risk is certainly worth the reward.

Comments by Jason Dowdell : Wednesday, August 19, 2009 at 09:21 PM

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