This is a guest post by Paul McCarthy who teaches people about making money online at his website FromZeroToWebsite.com.
I’ve been meaning to write this post for a while now because I see so many internet marketers with potential gold mine web sites at their disposal but they just aren’t using their assets effectively!
In this article, I’m going to tell you the strategy for making money online – and believe me it’s not rocket science, but it does take a bit of hard work and dedication to pull it off.
Making Money Online is a Skill That Can Be Learned
The thing about making money online is this – hundreds of thousands of people do it every single day…The process is tried and tested. There is no need to reinvent the wheel.
Back in the early days (in the mid to late 90′s) when internet marketing was far less mainstream it was a much more trial and error process to make money online. People like Tom Hua and Brett McFall (creators of the World Internet Summit) were spending day and night trying to figure out how to make money online. They had no previous reference point, nobody to turn to who had done it and “got the T-shirt”. These guys were the pioneers.
But today, the online money making system is far from new…All we need to do is take the time to learn the system and then implement it – that’s it! If people spent less time looking for “opportunities” and more time going back to basics and learning the way that all the top online marketers generate their income then they would have far more success.
So, What is the Online Money Making System?
Now, before I get into this section, there are most certainly many ways to skin a cat. The way I’m about to teach you is one that will provide most security, is widely used by all the top marketers and involves building your own online assets…
So here’s the system:-
- Find a hungry market of people. Please note, we are not looking for a product at this stage, just a hungry market of people who have a problem they want solving.
- Create a web site. This can be a blog, a one page web site (otherwise known as a squeeze page) a wiki – it doesn’t really matter what the site is.
- Build an email list. Using the site that you’ve just built, try to get targeted prospects onto your email list.
- Build up a relationship with your list by sending your subscribers lots of valuable information.
- Find products that genuinely help subscribers overcome their problems and promote the products for a commission (or you can create your own and take the full whack)
- Optimize the system so that it converts highly and then focus your time and energy on driving traffic to the web site.
And that’s really all there is to it in a nutshell.
What Does This Mean to You?
This means that if you’re a complete beginner, don’t know how to build a web site and are completely new to this business then you’ll need to either learn the skills or outsource the tasks at sites like http://www.elance.com. If you already have a web site that’s getting traffic, then it may just be a case of analysing your profit funnel…
And what do I mean by that?
Well, the 7 figure incomes are generated by internet marketers who understand that the real money is in creating a full fledged profit funnel of products that range from low end to high end. Now in some niches you have to be creative to set up a fully fledged profit funnel, but in many of the competitive wealth and self improvement niches it is often very easy to find products ranging from $37 ebooks right up to $2997 coaching programs.
Let me assure you that when you start promoting (or offering your own) high ticket items in your profit funnel, that’s when you’ll notice a huge change to your bottom line income.
The Main Reason People Fail
It all comes down to the mindset and failure to stick to any given strategy. The strategy that I’ve just given you in this article is a tried and tested, proven strategy. But many people will still not see it through to completion. They will stick at if for a few weeks, start to get disappoint when sales don’t flood in immediately and give up.
Don’t be that person…
If there’s one thing you should take from reading this article, it’s this: your mindset is your most valuable wealth creation weapon. Put yourself in an abundant frame of mind, provide value, help people solve problems and the wealth will flow to you.
Focus on the wealth from the beginning and you’re pretty much dead before you’ve even begun.
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Paul McCarthy is a full time internet marketer and teaches people how to make money online at http://www.fromzerotowebsite.com
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{ 31 comments… read them below or add one }
Hey Paul,
Really Great Post man. I think building mailing list is the most important rule to MMO.
Thanks for sharing this great Post Paul. Awesome work.
~Dev
You’re completely right Dev. List building should really be the number 1 priority online. Without a list, you will not survive years from now. Having thousands of responsive subscribers is also a great way to have a long-term business, just make sure to provide quality content to your subscribers.
Kind regards,
Gary
Excellent Article Paul.
It pretty much sums up all of the ‘making money online’ and ‘Internet Marketing’ terms
What Paul has summarized in this post, may have taken someone (a newcomer) months to get. I completely agree with Paul that making money online is a skill, and like any other single skill, it can be learned.
Kindest,
Nabeel
I like the steps you have put forward here. I think developing a relationship with your email list is very important and admittedly I have over looked this on occasion. The main issue is as you said people just cannot stick with it. The long haul is really what weeds people out. The good news for us is there is no traffic on the extra mile. Take care
“Find a hungry market of people. Please note, we are not looking for a product at this stage, just a hungry market of people who have a problem they want solving.”
@Paul,
Could you provide a few examples of this? ~ Colleen
Yes having a website or blog is very most important of making money online. If you have a website you can sell products on your website and then can promote your products using different promotional method.
More detail, it’s better to have website that self hosted and use own domain. It’s just looks more professional. If you want to buy medicine and found 2 website which sell it, but 1 of it is free blog hosted, i’m sure you’ll choose the another one.
More detail, your mindset should be treat your online business as a business, not just like hobby or gambling. If you treat it as real business, you’ll focus and serious and then your online business will grown rapidly.
Nice article
Agreed. Your mindset is your most important tool. If you do not have the will you will never succeed. Think of the thousands of new blogs/websites that being created every day. You need to put in as much effort as you possibly can to make yours work and you can’t give up until you succeed.
In my case, within 3 months of buying my domain, my first website was already making $1,000 a month and got a page rank of 3 upon the first update. That is freaking impressive…But I basically did not sleep for 3 months.
It is important to work really hard at the start in order to keep your motivation high and so you can start to see results. If you are only working 1-3 hours a day then forget about it. Even for the first month you should set a goal for how much money you will earn (make it reasonable based on the niche and competition in the niche).
So many blogs/websites and so few, relatively speaking, are actually successful. So make sure you have what it takes before you even begin or you will fail.
Completely agree with the article. The main reason why people fail is because they quit. People have the impression that is easy to achieve success online. The tasks that you have to do are easy, but since you have to do them repeatedly for some time, (in other words, you have to work a lot) it’s not really as easy as people have the impression in the beginning. That’s whey people get discouraged and quit.
My advice is that you should try with something easy first, and stick with it until you succeed. Then go for something harder.
Great post you said it all some people think there is a quick get rich quick scheme out there that is gonna magically drop thousands of dollars into their pockets automatically. If there was we all would be doing it.
Fact: making money online takes a lot of work. But you can make huge amounts of money if you stick to the game plan you laid out. Most people are like the rabbit from the Tortoise, and the hare saying. They want everything fast right now. When it takes a slow steady pace like the Tortoise to cross the finish line first.
Apply this to Internet marketing and you will succeed if you have motivation, a willingness to learn, and are very ambitious, you will not fail in the end. Just stick to your game plan.
Exactly right Mr.Paul
Mindset is a very important part for achieving success easily. Most of the money makers lacks this which which leads to the total destruction of his online career.
Planned strategies are probably the core to all Make Money Online tactics. If you can do it well, success will be on your way.
So, what you’re saying is, I have to work at it? I can’t just turn on the site, go to sleep, and wake up to a million bucks in my bank account?
Damn.
Funny enough, the list is easy to follow but not that easy to practice.
I just started a project of which followed the steps above (i knew the steps earlier…lol). Now i have it on, it’s time to start making money from it.
I guess list building is the most important aspect of making money online
Mindset is really important and another is patience, this is the major cause why people fail. People start expecting that they will get results soon and lose patience when they don’t get expected results.
That’s what i concerned, because newbie don’t know about it. When i was newbie, i found a lot of e-book with impressive tagline just like “Fast money” or “Easy Money While You Sleeo” or something like that, in other word i’m swindled. That’s our task as an experienced one to share the word that internet business is real business, you need to work and work….
Hi Paul,
Yup, work hard and never look back. I agree that many people fails to see the potential of thier blog or website…and I am one of it! I got a lot of ideas but seriously, once I start typing, the ideas seems impossible. I envy those people who climb up and never look back, but I know they also have their own battle in their life of make money online.
A great advice Paul and thanks for sharing
Hi Paul,
Making money online is the new trend these days. People make money because of the skill they have developed through experience and hard work. I for once is an example of this,I was very curious of how online job really works. I hear people talk about it all the time,they seem to be loving what they do and at the same time they earn. I was eager to do the best I can to show people that I am capable of doing this. And now, I am a believer that making money online is a skill that any interested individual can learn.
I agree, the biggest flaw people make when they try to make money online is that they don’t build a mailing list. I made that mistake early on.
Like you said, mindset is also important aswell.
Nice Post Paul!
But personally i think that point is relative to what online business model you take. If your online business is Adsense Publisher, why mailing list is needed? But if you sale e-book or affiliate marketing with own landing page, mailing list is a must.
Excellent post – it actually inspired me to take some action with one of my websites. I have a site that gets a decent amount of traffic but I don’t use it to build a list or promote any products, I just realized how obvious those opportunities are and I’m not taking advantage of them. Thanks!
To all of you starting out – If I may suggest – don’t outsource in the beginning.
Get your hands dirty from the word go and learn as much as you can. You don’t need to be a geek to learn how to run a blog or how to search for Keywords. If you rely on others and never spend time to learn yourself you will never be able to really grow in this business.
I have to say that once you’ve got a system for marketing digital products online, it is really just a case of replicating that system for different products. And once you’re at this stage then you can pretty much scale your income up to heights you wouldn’t believe.
Good tips Paul. I am a big fan of creating funnels for marketing. You can use many different methods and processes for turning a visitor into a sale. Internet marketing is getting much more competitive now and finding a good micro niche would be my first suggestion for a newbie. The trick is to be on the line between competition and potential visitors, which takes some talent to find a niche like that but it can be done.
Keep up the guest blogging.. This was a good post.
Most of the internet marketers fail in internet businesses because they give up after failing to make money.
Fail to make money online doesn’t mean that one will keep failing after that. Results will come gradually if things are being done consistently. If you give up, you’re failed forever; and this is why most internet marketers fail.
List building is the easiest way to start making money online. Nowadays we have PLR ebooks, sometime they come with squeeze pages too. It’s no longer a problem for newbies.
Nice article! “your mindset is your most valuable wealth creation weapon.”, well said.
Making money online requires much effort and there are many pieces to that puzzle. Having a great list is important to keeping your brand out there and in peoples faces, however there is something to be said about hard work, getting your hands “dirty” so to speak and watching your business become a success. To be successful online, your business needs to have a proper online presence, a great optimized site, business profiles and a blog to name a few, and yes of course, your email list to go along with it all.
I still haven;t taken the mailing list plunge – I just don’t think it is right for my website, at least not yet. I make OK money online now, and I’m not sure how a mailing list will improve that.
Need=Product. See what is wanted and then provide it.
Thanks.
Great points, but I believe that strongest part is developing that relationship. And it’s not that hard to do. Give, give and give some more!
I agree with you, all of you, making money online is not so tough but we need to know the exact way of making money online toward that we shold be confident enough.
It is true that millions of dollars are being earned in one day by some marketers and some people are trying to earn from years but they didn’t earn even a single sent, this is the main difference we should understand.
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