Free Lessons

I usually don't talk about myself, but today I make an exception. Let's talk a bit about me... Can you imagine what an achiever in school would do in life? That achiever was me. I had a First-Class Honours and Accelerated Masters Degree from the best University in Singapore. Everyone expected me to have a remarkable career. But I didn't. My first and only … [Read more...] about [Free Lesson] #1 – A bit about me…

Today I'm going to share with you how I lost $50k in my first brick and mortar business. I hope that you can learn from my mistake. The year was 2002. I was 25. After attending all kinds of seminars, I thought I was ready to conquer the world. At that time, I was very interested in the power of the subconscious mind. I got to know a product called Mind Machine. It … [Read more...] about [Free Lesson] #2 – How I lost $50k in my first business

In the previous issue, I told you that my first business was a retail business. It folded after 6 months, and I lost $50k. With a bad experience in retailing, I went into wholesale business. I got to know a telephone supplier in Hong Kong. Yes, it was telephone, not handphone. That was back in 2003, when most houses still had a telephone. My business partner … [Read more...] about [Free Lesson] #3 – Lesson from my second offline business

I started exploring internet marketing in 2004 because I need an alternative to my brick and mortar business. Like many people, I bought ebooks and signed up tons of newsletters. I also tried to create a website myself but it didn't make me a cent. Then in 2004, I bought a complete site building package that cost $299. It was a complete system that guided me from … [Read more...] about [Free Lesson] #4 – My first website that made money

Being an entrepreneur had always been my dream. My first business was a retail business. It only lasted for 6 months and I lost $50k in that business. Lessons learned? - I needed a retail shop to sell.- I needed to renovate the shop.- I needed to a full-time staff to be at the shop. These were costs I had to incur, whether I was going to sell anything or … [Read more...] about [Free Lesson] #5 – Why I gave up offline business and turned online

In 2005, after experiencing 2 brick and mortar businesses, I decided that my next business was going to be an online business. No high overhead. No inventory. No bad debt. By then, I had some experiences in script installation. I learnt those skills from my first niche site for which I installed an autoresponder and affiliate script. I saw a market in a localized … [Read more...] about [Free Lesson] #6 – My first online business

I started a paid-to-read-email site in 2006 and it grew rapidly. As its user base expanded, I started to get into different kinds of server issues. Initially I contacted the script seller. For simple bug fixes, it was done swiftly. But there were other issues that the seller wasn't able to resolve. He kept telling me there was no problem. My gut feel at that time was, he … [Read more...] about [Free Lesson] #7 – How I was forced to learn programming

Today I'm going to give an honest account of how LeadsLeap was first created. It is easier than what you think, and I feel a little ashamed to share with you. I just hope that it will be an inspiration for you. In 2007, after having success with my first online business, I had an idea to create an unobtrusive traffic network, a system where members can build an … [Read more...] about [Free Lesson] #8 – How LeadsLeap was first created

Looking back at and comparing the different online businesses I've built, I think I have a formula for generating innovative ideas that sell easily. I'll share it with you today. It is a 3 steps formula: 1) Find a market with lots of easily reachable buyers. 2) Identify the limitation of a hot-selling product in the market. 3) Think of an innovative solution to … [Read more...] about [Free Lesson] #9 – 3 steps formulas to generate business ideas that work