Copycat Millionaires And Billionaires

This is an interesting concept for those who want some new ideas to create their own local niche business.  It also a safe way which you model the success of other businesses.  Just like the way you model after someone who are already successful.

KRISTOF LINDNER is an engineer who was stuck in an office job in Germany but had his eyes on bigger things. He found a popular self-help course online from the United States and wondered why it wasn’t available in German. In the evenings and on weekends after his “real job” he worked to translate and import it to Germany. Three years later Kristof has a seven-figure business and has expanded to six more active sites, too, several of which are based on licensing popular digital products from the United States.

Have you have read this far but inspiration still has not struck you?

There’s another proven way to make money online—imitate an already successful online business! Copying website business models, services, or design from one industry to another, or across international borders, offers you huge Click Millionaire opportunities. Of course, I don’t mean that you should rip off an existing business. But repurposing a successful business model by refocusing its target market or repurposing proven valuable types of content into new formats can be a great way to get started.

A business that has already made it has proved that there is demand for its services. If you mimic one, you are saving yourself lots of expensive and time-consuming market research and product development. You can imitate small features that you see on other websites, mimic layout and design, or build a full-scale imitation of the business model.

The most impressive example of this approach is provided by the Samwer brothers of Germany. Marc, Oliver, and Alexander Samwer have become billionaires by importing and imitating successful online businesses from the United States. They started by building the first German eBay-style copycat site back in 1999. Just four months later, eBay bought it for $50 million in stock.

After that huge success, the Samwers kept going. They started a ringtone company called Jamba and sold that to Verisign for $273 million. Then they invested in a German Facebook clone that was sold for $100 million in 2007. They also expanded into investing in U.S. companies including Facebook and LinkedIn, which has given them even more cash to invest in start-ups, especially those interested in expanding to or from Europe. More recently they created a German Groupon-style site and managed to sell it to Groupon in just five months.

As the Samwers’ success demonstrates, most site imitations emerge overseas because the original English-language sites aren’t as useful to locals there. It also helps that local intellectual property laws usually offer less protection to the original sites founders than in the United States. For example, more than a thousand clones of Groupon appeared in China alone soon after its launch.

Contributed by:
Scott Fox
Click Millionaires: Work Less, Live More with an Internet Business You Love

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