Many of us have heard of the dating website named, Plenty of Fish. A handful of you may have even read about the widespread claim that the site owner makes $5-$10 Million dollars per year simply from the ads he puts on the site.
Those results are not typical and a web entrepreneur would be well advised to avoid setting their revenue expectations anywhere close to that level. However, with the right site and plan, it is possible.
A site named Dosh Dosh has compiled a large list of comments taken from various interviews with the founder of Plenty of Fish.A lot of them are things you should indeed consider as you venture out on your own. In fact, you should consider them well beforehand!
Here are a few of the tips that I personally liked:
- You Don’t Need a Team. “It’s just me right now, my girlfriend helps with some of the customer service stuff when I don’t want to do it. I am planning on expanding into other markets but I don’t think I need to hire any employees any time soon. Nearly all the work can be automated away except for user stupidity that leads to crazy questions.”
- You Need to Have a Rigorous Work Ethic. “When I came home from work I sat down and I forced myself to code for a hour or 2. The enemy was thinking, whenever I paused or started to think I would force myself to type something, its amazing how much you can get done when you just type.
For that business its just a matter of repetition and fighting boredom. At the end of the day you just need to sit down and DO it. Most people don’t.”
- Success Doesn’t Happen, It’s Created. “Now I know most of the people reading this are aspiring to create a business of some kind. Many will just day dream all day but never actually do anything.
I was like that a few years ago, then I finally sat down and did something, and kept forcing myself to do it till it became a pattern and it turned out hugely successful.”
It’s a pretty good read for anyone with an interest in starting an online business and in some cases, a lot can also be applied to any business model. The remainder of the 17 tips can be found at Learn from an Adsense Millionaire: Notes on Markus Frind and PlentyofFish.com..