Though this is not a one day subject I try to KISS - Keep It Super Simple.
1. I wrote this compiled notes in 2008, during my ground work (base building) trip in 大中华商圈 (China, Hong Kong, Macau, Taiwan): http://www.slideshare.net/howtze/how-tze-101-i-thought-you-no-need-to-work
It is about FREEDOM - an important element towards a better world.
2. I found this around 2006, look into it around 2009, truly understand and implement only last year: http://businessclub.my/AutomatedInternetBusiness/. It is one of the best investment I ever found suitable for young people with >=100% ROI / month.
It is about MULTIPLE STREAMS OF PASSIVE INCOME - a proven way towards personal FREEDOM.
3. Bill Gates, Warren Buffet, from my point of view, deals mainly with VIRTUAL products / services - no stock concern, and no physical goods involve in the process.
What has all this gotta do with me?
DIGITAL CONTENT (Why - What - How)
(WHY) We are living in Information Age. Imagine an additional product / service stream that:
* delivers over the air
* no stock/physical goods constrain
* borderless (anywhere,anytime)
* no overdue/expiry date (outdated) concern
* no high commitment/overhead (relatively to retailing)
* near 0 duplication/multiplication cost (higher profit margin)
* can be AUTOMATED (runs 24/7, 生意不打烊)
(WHAT) Newsletter/Content Publications (selling/trading of INFO)
(HOW) The Money Is In The LIST.
You ALREADY sitting on a gold mine -> YOUR subscriber LIST.
It may not be a large number, yet it makes A GOOD BASE to start any of the 4 Types of Internet Income Sources
CREATE VALUES to your subscriber/fans. Keep intact. Provide useful information for your subscribers.
For ANY websites or ANY business, your income is limited only by your creativity.
