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If you have no real knowledge of how to begin, first 'invest' a few dollars in an introductory course in either stock or forex trading.
Nationals of the USA especially, Canada, UK and Europe, Australia and other countries can operate bank accounts with fewer restrictions more easily using internet banking. Payments and receipts can be managed from outside their country of current residence. They can also transfer funds from home to local bank accounts in various ways; cash can also be withdrawn locally from millions of ATMs all over the world.
However, those who do not have US$ bank accounts lose money when their internet business earns dollars rather than their local currency. A significant portion of profits can be lost through bad exchange rates, commission and other charges and fees involved in depositing foreign cheques, transferring cash or PayPal US$ balances into non US$ bank accounts. One solution is offshore banking accounts, where there may be no taxes either.
Also see our Banking page for more details about financial management for overseas residents or other ways to manage your finances to keep them private and out of sight of your government's prying eyes, by having them offshore.
There's no doubt that an ever-increasing number of computer users, working, unemployed, semi- or even fully retired, are becoming intrigued by the possibilities of using a personal computer to start their own internet business. According to a recent BBC report, there are over one billion internet users already – some 15% of the whole world's population – and like all things involving computer technology, the numbers keep rising faster and faster. That means more opportunities for more people.
People are starting to realise that with the right knowledge and some effort, they can 'retire' from conventional full time work as young as they like, by consolidating their current resources and moving to a cheaper location, with better climate and social life. Several SE Asian countries are popular: Philippines, Thailand, Malaysia, Indonesia and Laos are examples.
Wherever you make your home now, in the West or abroad, a PC with an internet connection is virtually all you need for a completely self-operated home-based business. You can sit around all day in your underwear if you like! And overseas, few popular holiday and retirement locations are without some sort of connection to the internet now. You can even do it without your own computer, from airport terminals, hotel rooms, guest houses, villas, cafes or internet shops. And now, even from your mobile phone. You've probably seen a picture of someone in a swimsuit doing business (making money of course!) using their mobile phone, a notebook computer with wireless internet link, while relaxing under an umbrella by the pool, or at the beach under a coconut palm, sipping on an exotic cocktail, in some idyllic tropical paradise. It's not fantasy any more. People really are doing it!
There are so many different ideas and opportunities to choose from, though, where does one possibly begin? Well, we draw on considerable experience of both the world wide web and ten years of living in several countries in Asia. We feel at least a little qualified to offer some suggestions as to which opportunities are real and which are exaggerated, imaginary, or worse, rip offs, scams and fraud. Even the real opportunities must not always be taken at face value. When people become enthused about something or a juicy carrot is dangled in front them, they often take it without thinking. Most of us tend to believe that what we want to be true, is. Too often this is not the case. "All that glitters is not gold" – that old saying is especially true of the internet! So we will discuss some opportunities which are real, but caution is always recommended.
As you are reading this, you already know enough about the internet to search and find yourself on this page! A lot of information, including free programs and tutorials about the internet is available, of course, but it can be difficult finding just a simple explanation of how it works, and how you can join the thousands of others benefiting from it.
Go to the next page for information on having your own web site and more...