WHY You Can’t Make Money Online!

This is a guest post by Kelvin Igbinigie from Entrepreneurs Discuss

Yes! You really cannot make any money online and I’m not scared to say it and in case you thought that was a mistake please read it again… I said “You can’t make any money online”.

Let me put this clear to you, if you think you can just go online or just buy those e-books or videos from those self acclaimed internet business gurus and just start having money sent into your bank account then you had better wake up from your dream.

Also don’t think you can make money online by opening a PayPal account or make money by reading eBooks that teaches you fast ways to make money online.

Some other people think they can just design a website or create a blog and start making money from the internet in few days.

I know many bloggers are scared to admit this fact but I’m telling you the truth: “You really might never make any money online all your life time”.

Now let me prove my point on why you can’t make money online… I’ll give you just 5 reasons why you really can’t make money online:

Make Money Online


1. You buy every e-book or video you come across that talks about making money online

This is one reason many people don’t make any dime online. Do you think you can just make money by buying e-book? Get this: the truth is that most times, the more e-books you buy the more confused you become which eventually stops you from making money online

2. You are lazy

Even when you are privileged to read the right eBooks you end up not doing anything about it because of one truth you have to admit: You are simply lazy. Many of you read good e-books and after reading you don’t just do anything about it. You can never make money online if you don’t take action.

3. You don’t want to sell anything

This is a mistake that is very common among newbies. They expect to make money online without selling anything. There is nobody making real money online that is not selling something. Google is selling advert spaces, Facebook is selling ads, Amazon is selling too, eBay is selling store spaces…

List them for me and I will tell you they are all selling something. Either a physical product or a service. So why are you trying to make money online without selling anything? Sell something or check out!

4. You have only one source of income

This is also another common mistake made by most people doing business online. You can’t just tie yourself up to one source of income and expect to make good money online. Don’t just stick to one affiliate product or just Google Adsense and expect thousands of clicks to make real money online. You will end up poor that way.

You should have at least three-four source of income… try adding Adsense and some CPC, try selling some good affiliate products, try selling ad spaces on your blog privately, try creating your own product etc. All of these will create multiple source of income.

5. You don’t have a focus and plan

How do you expect to make money when you don’t even know how or from what to make the money. Many of you just jump into the internet and put your hands on every opportunity you see. At least try to come up with a winning business idea. Have a plan and a focus before you start your online business. Your plan might not be 50 pages… Just a sketch of where you want to start from and what you want to achieve.

Now you can see some of the reasons why you have not made more than $10 online for 2 years now. Now you know why you are not making any money online.

Stay away from these mistakes and you will start making money online.

Now quickly let me help you a little with 4 tips on how you can start making money online:

  1. Patience: How patient are you when it comes to making money online? Don’t think you can make money over night.  The mindset most people have is that when they read eBooks that promises them $1,000 every week they expect to make that amount of money the very first night they started acting on the information. You must be patient enough to see your business grow. Do not give up too early also… this is the problem with many bloggers: They give up after three months of blogging without making a dime. Be Patient!
  2. Get Mentors: As simple as this is it is very important if you must succeed in your online business. Meet those that have been in the business for years and learn from them. This is one thing I really don’t joke with. I have mentors online… I read blogs that are way ahead of mine, I ask questions a lot. One benefit of getting a mentor is that you have the opportunity to learn what your mentor learned for years in an hour or less.
  3. Motivation: Motivation is what you need after creating the plan for you business. Try and create a mental picture of your dream and learn to see it every time to create motivation in yourself. You are motivated easily when you see and talk about your vision or goal of your business.
  4. Effort: Motivation helps you apply effort into your online business. Putting effort here means taking action towards making money online.  Effort is really needed from your end to move your business forward. Someone said “nothing works expect there is a worker”. So also you cannot make any money online until you start working towards it.

So what do you want to do now? Are you going to continue to struggle with making money online or you are going to start taking steps towards making money online?

Act now on that idea that you have!

Feel free to add to the list because I can’t exhaust all in this post.


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119 thoughts on “WHY You Can’t Make Money Online!”

  1. Well, I have to admit, laziness and being inpatient are my dices. Quite often I’m really motivated to keep something going, so I build a new site, build some links and work my ass off, just to see nothing happen. I get frustrated, the laziness get the upper hand I stop working on the site, just so see a couple of weeks/months later, that what I did worked, just not right away and bite myself in the ass, that I didn’t work on the site all the time and might be way ahead now…but I’m learning 😉

  2. Good run down. I especially like the advice about spreading out your sources of income. This strategy is tried and tested and is something everyone should think about, not something that should be looked past. Even internet marketers should do these best financial practices.

    It can be hard to develop mentors in IM because a lot of networking needs to be done offline to make it stick. You can make twitter followers and facebook friends but its hard to develop that. If you go to meetups and community meetings I bet it would be real good to meet a bunch of IMers. I know networking is a huge part of staying motivated and staying on track so I guess it should be on top of everyone’s list.

    Patience sucks but it’s true that it takes years to get good at IM. I say an average of 2-3 years before you start making your money. IM is very wide too. You can do lots in IM. From affiliate marketing to building your own products to blogging. The sky is the limit.

    Effort is you just gotta put in the grind so you can get what you need. It’s all about hard work.

    1. Ryan you are very correct about patience…sometimes it’s really not that easy to be patient about making money even though it’s necessary…

      Networking is what many newbies are not doing…they want to do all by themselves and that’s what is killing many of their businesses… Networking has really helped my in IM and I’m not going to stop networking…

      Thanks Ryan for your comment

  3. This is excellent guide for beginners.many newcomers think that reading those stupid ebooks from Internet (fraud) gurus will make you rich overnight,whereas they fail to realise that those gurus are actually making money from these fools.

    1. You are very correct Nipon… Most of these beginners are just buying their way to more poverty…

      They don’t even do a good research before buying those ebooks… I must see proofs beyond snapshots or images before I get an ebook most times…

  4. Hi Kelvin,

    You really got me worried for a second there but you’re right. You definitely hit the spot with the 5 reasons why people don’t make any money online. I think your tips are also great and definitely an eye opener for those still living in a dream that making money online is quick and easy. At the end of the day, it’s all about hard work and perseverance.

    – Cristina

    1. Cristina… So glad I did not leave you worried… I made most of these mistakes when I started out so I decided to share with newbies and oldies also… Thanks for your comment

  5. As a young internet marketer (in the game for 4 months now) this is a great thing to read. I am constantly reading online about “how i can earn $1,000/month while I sleep.” I know these ads are bogus, but rarely people say “get your @$$ to work, then maybe you’ll make some money.” Thanks for the kick in the pants!

    If I may add to your list, one thing that has helped me is writing about things I am interested or care about. It makes the work much more fun.

  6. Well, I realized some months ago that reading too many e-books has resulted in me losing my perspective entirely. I can also see that I am failing to make money online because of certain other factors that you’ve mentioned in this pretty useful post. Thanks for sharing Kelvin. I’m going to start fixing these issues one at a time.

  7. I remember all these sites ..”Make XXX Dollar in 5 Days online” … damn that are all fake. .. to get the money of the people instead of giving them

    cheers
    firmenadressen

    1. That’s true Rob… I remember those headlines that always kept me awake wondering why that amount of money never entered my account over the night… We must tell beginners the truth so they can escape from scammers

  8. Hi Kelvin, Nice tips, most of the time new bloggers ends their quest after few months of effort rather than stretching it out and making it a success. Patience can play an important part in that..keep trying and you will get success….

  9. Kelvin

    with number one alot of people get into marketing and they want to buy every course every ebook on the internet, as a result they get information overload so they do nothing.

    with number four alot of people dont have a strategy on how they can make money from their efforts in all sorts of different ways

    and with number they go into the marketing business without a plan which is very bad, you need to plan for everything, you must know what your goals are

  10. Yes I agree a great number of bloggers like me read a lot but when it comes to execution they get lazy. Reading and having a lot of information on the subject is good thing but its useless until and unless you put it to practice. Good tips Kelvin provided I act on them now. Cheers and regards

    1. Thanks Ejaz… You made a point there “Reading and having a lot of information on the subject is good thing but its useless until and unless you put it to practice. ” That’s true… many people don’t act…

      Thanks

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