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Gobala Krishnan – The New Millionaires – A Review

August 25, 2008 by  

I imagine anyone who wants to learn about making money on the Internet and wonders if it’s possible to do it for a living would have their interest peaked to find a book addressing this subject.

If you don’t know this already, Gobala Krishnan – one of the most prolific Malaysian Internet marketers – has released his first paperback book with a fascinating title: The New Millionaires: Work From Home Make Money Online Live Like a Millionaire.

The book should be available in book stores near you as you are reading this.

I got a complimentary copy from Gobala a couple of days ago and I initially flipped through it to see if there are new nuggets to pick up. This book is written by someone who has been there and done it, so of course I did expect to find something interesting.

While reading the first few chapters, I found myself scribbling down on sticky notes marking interesting paragraphs and then continued scribbling in my notepad. By the time I was finished, I had several pages filled with points that I wanted to pay attention to.

Making money on the Internet is a vast subject and your imagination is the only limit as to how you want to make money online. The book explains not only the How part but the

  • Why (why should you do it)
  • When (part-time of full time)
  • What (what to do and what to avoid)
  • Who (success stories of Malaysian Internet marketers)

The Who part fills about half of the book. It’s a compilation of interviews with 12 Malaysian Internet marketers making money from various methods from eBay and dropshipping to the well known Google AdSense and affiliate programs.

What’s so valuable about this chapter is that, people are sharing their own experiences giving you some insights into things behind the scene. You’ll find valuable tips and tricks as well as pitfalls to avoid.

Be warned though, the variety of business ideas may overwhelm you especially if you are just testing the water. Most newbies make the mistake by thinking that they probably have to learn everything in this chapter in order to become successful.

As explained by Gobala in the book, the problem starts when someone starts researching into hundreds of different ways of making money online. First they read about eBay and they dream of becoming an eBay powerseller, then they came across this thing called blogging, and they want to become a successful blogger making tons of money from it. They spend all their time learning but still fail because they never really put what they’ve learned into practice.

There’s one element that must absolutely present if you want to make money on the Internet – that is to identify things that you are passionate about and these are things that should be the foundation of your online business. As they said, find your passion and the money will follow.

In any online endeavour, often times it begins with you making no money or little if any for a while and it would seem like throwing the towel is the only sensible option. Passion is what will keep you going during those trying times and this book talks about this early to help you start off on the right path.

That said, you’ll also have to be realistic in that your business idea has to be feasible. No matter how passionate you are about it, there’s little point selling ice to the Eskimos for instance!

I find the discussion about How to grow exponentially on page 186 really inspiring. While they are not entirely new to me, they’ve definitely reminded me to pay attention to those things that I’ve been tossing in the back seat.

This includes things like not to put off the creation of new products, realise that residual income won’t last forever without constant “nudging” from you to keep things rolling and focus on things that bring the most return.

The book touches on other subjects including how Gobala made RM31,500 selling a 12 page ebook (an insightful chapter I must add), how exactly he makes money online, an introduction to keyword research, email marketing, understanding resell rights and so on.

While most people can draw something useful from this book, I’d have to be realistic here, reading this book alone won’t change your life unless you are able to extract useful ideas and apply them in your own online business endeavours. In a nutshell – you have to take action!

If I were to start a new online venture here’s what I’d do:

  • Discover whatever I am passionate about at the moment
  • Create a website, a product or a service
  • Drive targeted traffic and continue to improve on the website, product or service
  • Only then I’ll try to make money from it.
  • I’ll focus on this particular venture before I move on to the next business idea.

You can read more about Gobala’s book here

 

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55 Comments »

Comment by Gobala Krishnan
2008-08-25 14:02:56

Thanks for the review, hope you enjoyed the book. When will we be able to see you in Semenanjung :)

Comment by Gaman
2008-08-25 14:47:41

I sure did! It’s an inspiration including the part where you talk about how you came up with the 12 page ebook idea.

 
 
Comment by pinolobu Subscribed to comments via email
2008-08-25 14:12:49

Gaman, don’t you think you should be the 13th person? Perhaps in the book’s next edition…

Comment by Gaman
2008-08-25 14:49:20

Hmm I don’t know about that haha

 
Comment by Gobala Krishnan
2008-09-13 02:13:49

That’s the plan, if Gaman agrees. Actually there were many more Malaysians that I staled and asked for an interview but all refused. They prefer to be “low-key” :)

 
 
Comment by bennyliew.com
2008-08-25 14:32:23

Gaman,

I have to agree with you that reading the book itself won’t make you rich…loads of people asking this and that about how people making money online..some of them bought severals ebook and money making ebook and so on…and yet…they don’t know a thing about website and the internet or about blogging..in the end..they don’t get anything with their investment…

nowadays you can see lots of making money ads on paper..Hmm….workshop and etc etc….hopefully it really or will really help the people who attended the workshop… :)

one thing to remember there is no such things “make money in one day
“…or so..lols….hmm some online marketeer made false claim or marketing approach..hmmm…..

huhu…my 2cents.

 
Comment by drizad
2008-08-25 16:50:01

I knew this will be coming. It’s just I did not know when, until you mentioned it here. Surely a good book as it comes from the master itself.

 
Comment by Custom T-Shirts
2008-08-25 23:37:57

I’ve never heard of Gobala Krishnan before, I guess I’m not too familiar with the Malaysian circle but thanks for the review!

 
Comment by bantingboy
2008-08-26 06:03:45

still not buy his latest book. after i read it, i also will review too. :D

 
Comment by apiz79
2008-08-27 01:12:18

Thnaks for review, i think i’ll get it one by the end of this month.You should ask your commission from Gobala haha

 
Comment by wordpress marketing
2008-08-27 07:52:42

Haven’t got his book yet. Certainly will rebiew in my blog once I read it.

 
Comment by papajoneh
2008-08-27 15:56:48

Been following Gobala for a long time already and the book really open up some interesting ideas.
Hope someday, we’ll be seeing your book too. Made In Sabah, by a Sabahan. :)

 
Comment by eri
2008-08-29 21:13:35

how much that book? where i can buy that the new millionaires book?

 
Comment by Toga-AC
2008-08-30 20:44:00

Thank you very much for this post Gaman. It’s very informative for mee…

 
Comment by CHUCKESS
2008-08-31 08:04:01

You are right, This is new info, Thanks for sharing…

 
2008-08-31 16:23:16

thanks for that book review. it is like the Rich Dad Poor Dad book.

 
Comment by booksmart
2008-09-01 21:57:18

bought the book yesterday it is nothing more then a book that doesn’t really explain how to make money rather it is just a normal book that doesn’t really worth the money…

anyone want the book as a second hand value let me know…sorry but i don’t like it..it is more likely a compilation of free article resources available on the net.

trust me.

 
Comment by Steve Wong
2008-09-01 22:02:40

Thanks Gaman… i’m sure you will be the next millionaire in the Netpreneur world :)

 
Comment by Rice Blogger
2008-09-02 11:14:53

wow…this is inspiring….thanks…..will check them out at mph

 
Comment by Lowongan Kerja
2008-09-02 17:32:08

yes.. success stories always inspired us.
thanks for your review

 
Comment by SEO forums
2008-09-03 01:51:07

this book seems interesting…..have to read it now.

 
Comment by sowmy
2008-09-04 20:56:48

Thanks for sharing about Gobala Krishnan’s, The New Millionaires –

 
Comment by Shally
2008-09-06 14:34:44

Hey Gaman, wanna ask you one thing..this no related to the post so you can delete it after.. wanna know the plugins you use for the post summary on your starting page. I got use one but it is not a plugins..you can tell me right??

Comment by Gaman
2008-09-14 12:47:59
 
 
Comment by Yan Shall Blog Subscribed to comments via email
2008-09-07 02:08:46

Great review! Gobala has certainly making a name for himself in the world of internet marketing and you are right, he is one of the most prolific internet marketers in Malaysia.

Yan

 
Comment by TogaAC
2008-09-10 21:23:49

Thanks Gaman, it’s very informative for me, I will be waiting for your next post

 
Comment by Ruby Web
2008-09-15 23:33:34

Thank you for the review, I’ll definitely go get myself a copy and will also post a review on it once I’ve read it.

Thank you,

 
Comment by Norhafidz
2008-09-16 15:09:04

Where are you Gaman? We need new posts! :)

Comment by Gaman
2008-09-22 23:39:49

Sorry to keep you guys waiting. I’ll be back soon. Promise :)

 
 
Comment by Bryan Hee Subscribed to comments via email
2008-09-18 19:09:20

The New Millionaires book really inspired and motivated me. It using plain english and a lot of free resources. He interviewed with 12 Malaysian Internet Gurus such as Tazilan Ibrahim, Liew CD, Vince Tan..etc. They showed us step-by-step to create successful online business by using free resources from the internet. They also told us Do’s and Don’t in order to success in the internet marketing.

To Your Success
Bryan Hee

 
Comment by Shally
2008-09-23 07:53:40

Gaman..Never hear from you..Waiting your latest post..TK..

 
Comment by wkp
2008-09-26 15:51:09

Show us the money, then seeing is believing.

Anyway, great inspiration for Malaysian entrepreneurs. It’s about time we look east and not west, for our fine examples like you.

 
Comment by InterNet Age
2008-09-26 22:53:27

Opportunities to get rich are in abundabce on the net. It’s all about knowing which aspect you need to explore, and do your research on how to optimize yourself in that respect and grow. ;-) The net has definately made quite a number of millionaires in the the past decade.

 
Comment by mansid Subscribed to comments via email
2008-09-27 08:33:22

I will the book from book stores in Kuala Lumpur. From the information I read in this blog, I hope I will learn more about online business.

 
Comment by Lewis
2008-09-28 06:50:37

Everyone wants to be a Millionaire. Now everyone can be a Millionaire. The famous tagline…Now everone can fly. Nobody wants to be a sweeper or toilet cleaner anymore…haha.

 
Comment by Jayce
2008-09-28 14:41:57

Looking forward to read the book. :)

 
Comment by Lorna
2008-09-30 01:44:31

I really like Gobala’s blog, I really do. But I will be honest here and say that all the things he writes about and sells are very much targeted to newbies of online money making.

If anyone has spent 6 months looking and reading and researching about online money making, you’ll realize you’ll learn all this for free without ever having to buy any book. The key is always in having a purpose and taking action on that purpose. I admit that I regret buying those “how to make money” e-books from these Internet marketers, and later finding out that I’ve known about all these techniques all along.

Gimmicks are food for people’s greed.

Comment by Gobala Krishnan
2008-10-07 17:56:23

Don’t regret anything. Everything you are now, the thing you know, they way you write, your insights – are all shaped by past experience. Cherish them and let them fuel your fire.

 
 
Comment by himynameis john
2008-10-06 05:03:23

Hello there!

I just come across your blog and this is the first article I have looked upon. You have a great writting style, I shall RSS sub your site.

Thanks for such great content, I look forward to seeing future articles and taking the time out to look through your older articles.

John

 
Comment by Ace Borneo
2008-10-09 14:24:01

Almost 2 months without new post? This is not Gaman, unless…

1. Gaman is giving this post high priority, tribute to Gobala (could be Gobala giving him big sum of money :p )

2. Gaman is testing this page, can give big traffics or income return (i’m no SEO expert)

3. Gaman is doing a couple of projects, testing this – the new millionaires – strategIES.

4. Gaman is out of town, NO INTERNET CONNECTON.

5. Gaman is in jail or under ISA Detention (although impossible – kakaka !)

6. Gaman is giving up this blog and leave it to be expired (unless this blog gives return more than USD100 monthly :) )

7. Gaman is getting married and still in honeymoon for 40 days 40 nights (hey that’s Elvis Presley lah), if true then don’t forget to drink Kopi Tongkat Ali lah hehe.

8. Now it’s mystery, and wait for the next post by Gaman :(

If It Is To Be, It It Up To Me – by Gaman Tiruan, hehe.

Comment by Gaman
2008-10-11 00:29:59

Interesting theories hehe.. sorry if I keep you waiting. I’ll be back soon. Promise!

 
 
Comment by Diana Subscribed to comments via email
2008-10-13 18:37:33

The book should be enlightening. Will check it out in MPH.

Diana @ http://www.DianaTan.net

 
Comment by Armen Shirvanian
2008-10-19 07:57:07

The book reviewed here appears to be on the right track as far as describing how one can build up their production so they are not in a tough predicament. Growing exponentially is an appealing idea to anyone that hears it because it means large amounts of gratification in the long-term

 
Comment by montsa007
2008-12-15 17:59:29

That guy looks like a mentally retarded malaysian.

 
Comment by Kontaktlinsen Subscribed to comments via email
2009-04-05 18:57:26

Good information about dropshipping keep up the good work.

 
Comment by IT Buzz
2009-04-28 10:23:37

I would really love to buy the book. Hoping soon it ‘ll be available in market.

 
Comment by Diety
2009-08-04 20:58:44

After thinking a while I came to a conclusion: I don’t want to become a millionaire. I would like to have some money to provide nice life without stress that someone would kick me out of my house one day. But millions? I think that the more money you have the more trouble you can put on your head.

 
2009-09-16 16:24:51

You have a nice review. I’m really glad to know that somebody made this inspiring book. I know its gonna be interesting to read on.

 
2010-04-11 04:14:25

How it feels to be Millionaires…..

 
Comment by PERKASA Subscribed to comments via email
2010-04-12 12:58:32

I do hope to buy the book….how much is the cost? Can we find it in MPH?

 
Comment by Iklan Subscribed to comments via email
2011-02-18 10:43:02

Yes, it is available at MPH bookstore, as well as Popular bookstore.
It costs only RM39.90.
If you have a membership card for example at Popular bookstore, you would get 10% discount. I have just bought the book last night.

Best regards,
Alexander

 
Comment by Thinker
2011-07-07 02:26:54

Nice review. I will get it.

 
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