How can one earn extra income while in Ecuador?
With an internet business.
In a moment we’ll look at why internet businesses in Ecuador are now easier.
First, why have your own internet business at all?
Yesterday’s message about Ecuador & Longevity showed how your own business can help you live longer and better… when you have a business that you love.
That in itself is a pretty good reason to be your own boss with an internet business.
There is a good chance that this recession will manifest itself in the form of currency destruction..rather than growing unemployment.
Governments are spending trillions of dollars (that they do not have), to kick start the global economy back to life and to create jobs.
This gets the job market rolling again but that money people will earn is likely to lose value. Printing money to create jobs without real production creates inflation. Inflation destroys the purchasing power of cash.
This means that the best four ways to beat the recession is to invest in real estate… commodities or shares (these are all investments that will rise with inflation) or … to invest in your own business.
Why an internet business?
A Time Magazine article entitled “The New Internet Start-Up Boom: Get Rich Slow” by Josh Quittner helps explain why. Here are excerpts from that article (see a link to the entire article at the end of this message).
Business Bucking the Recession
At no other time in recent history has it been easier or cheaper to start a new kind of company. Possibly a very profitable company. Let’s call these start-ups LILOs, for “a little in, a lot out.” These are Web-based businesses that cost almost nothing to get off the ground yet can turn into great moneymakers (if you work hard and are patient, but we’ll get to that part of the story).
How do you get started? All that’s required is a great idea for a product that will fill a need in the 21st century. These days you’d do best if your idea either makes people money or saves them money.
That’s what John Tayman is doing. He’s an author (The Colony, about a former leper colony near Maui) who lives in San Francisco, where I met him; he wrote reviews for a business magazine I edited. Tayman knew little about technology and even less about business.
Tayman said he intended to build the site on the side while continuing to write for a living. He’d work on his new company only at night and on weekends. Oh, yes, and he had only about $10,000. “Good luck with that!” I thought. Ideas are much easier to hatch than they are to execute.
Tayman went to work with nothing more than his PowerBook laptop. A hyperorganized fellow, he quickly discovered a trove of freebies online — instructional manuals and sites aimed at bootstrappers — that walk you through the process from start to finish.
Within months, Tayman had a virtual staff of 20 employees working for him in five different countries. “In fact, I didn’t even meet the guy who built most of the site until the launch party,” he says.
The article goes on to say that Tayman worked on the site about 10 hours a week and did not spend a cent on marketing or advertising. The site’s growth is modest but steady: nearly 10,000 people visit each week.
It is easy and inexpensive to start an internet business. Now it is even easier to start an Ecuador internet business because mobile internet is now available in Ecuador.
Three cell phone operators are now offering an internet connection via a USB connecting modem that receives a data signal via their cell phone networks use.
This modem allows you to hook up to the internet anywhere in Ecuador where there is a cell phone signal.
This means that anywhere in Ecuador where there is even a hint of civilization you can have broadband!
We offer a special service using Porta Cell Modems, the Ecuadorian subsidiary of Carlos Slim’s America Movil conglomerate. In a country with a 13 million population there are surprisingly 9.7 million cellphone users (2007) and Porta has 68% of the market.
Porta´s mobile internet service is called ‘Internet Banda Ancha Movil de PORTA’. They are rapidly rolling out the latest 3G technology that allows for faster speeds.
The 3G speed is advertised as up to 1.2 MBs. I have used this service and it allows me to work on broadband almost anywhere, in a cab, sitting in a cafe… like our courtyard at Meson de las Flores. Here is a group in the courtyard on one of our tours.
I can work from the park in Cotacachi’s central plaza.
can work the beach… almost anywhere… such as here in Bahia where we had a group on a real estate tour.
I can work on an Ecuador bus… and have.
or even on the train there.
I can work in busy cities like Quito.
or in the country.
I can work as I travel and there´s no more worrying about finding a hotel with wireless service (and hoping it works).
The service is less than $80 a month.
The only downside is that an 18 month contract is required.
We have resolved this by buying the modems so our subscribers can use them on a month to month basis without the long term contract. We add $10 a month for this and charge $90 for a month.
If you have an interest in this service drop me a note at email@example.com
We are in the worst economic correction since the 1930s.
This creates enormous opportunity and now low cost countries like Ecuador are becoming better, with wonderful people and cheap cost combined with the the convenience of broadband.
Learn about our internet course “Tangled Web – How to Have an Internet Business” here.
You can read the entire Time Magazine article “The New Internet Start-Up Boom: Get Rich Slow by Josh Quittner at www.time.com/time/magazine/article/0,9171,1890387,00.html