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:

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:
- 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!
- 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.
- 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.
- 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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Great article Kelvin!
Out of all of your tips, I would really key in on number 5.
FOCUS.
I heard a quote before go something like “It is NOT hocus pocus, it’s ALL about FOCUS”.
So many times we get lured into another opportunity or another “way” to do things when really, all you need to do is stay on the road you are following and don’t let the distractions steer you in the wrong direction.
Great stuff Kelvin.
-Omar
Thanks Omar… Focus is what many newbies lack and that is why they jump into any opportunity that looks good..
You are right Kelvin, from one source we can’t earn enough money at the beginning.For example if you depends all on Google adsense, they can block your account at anytime without telling any reason.
For affiliate programs a lot of patience and hard work is required.
Thanks Maja…. generally online marketing are not for lazy people like some unknown gurus are telling newbies.. It takes hard work and some other elements to succeed online
@Kelvin you are right. The main for blogging is knowledge of niche, consistency and more patience than offline business.
Hi Kelvin
Thanks a lot for this great article about why you cant make money online. Tweeted! Everything you say is true, although I think that just taking action is the hardest thing for most people. But once you get over this most difficult initial stage, everything else starts to become easier.
That’s true Andy, a lot of people find it very difficult to take action while some others take action and don’t have patience to continue
Great article! You are right on point with your analysis. The most important thing in this article to me is you have to take consistent action if you want to make money online.
Well there are a lot of “mental” factors as well that we should take in mind…. for example, Making money online is not fully accepted in the society, not even now that we have Internet for over than 15 years, and people will definitely tell you that you are wasting your time/money/life doing such a thing.
Of course they don’t know how things work, and you must change that mindset if you want to make a business online… But the main question would be “Can you make REALLY money online?”..
My answer to that is, Sure you can! but as any business, you will have to work hard.
Correct Marcelo…. We have to change the mindset of people that want to make money online without doing any hard work…
There are a few people who claim to earn thousands of dollars a month, either through writing or stock phootgraphy websites, and there are no reasons not to believe them. I have, however, read that less than 25% of people make the monthly Adsense payout threshold. This means there are more people earning a modest income than raking it in, which is to be expected.
Thanks Charmaine for your comment… You are quite correct
Good though provoking post Kelvin. In a nutshell people don’t succeed in making money online because of unrealistic expectations. All of your points here make sense and hopefully newbies will take this advice seriously.
Thanks Neil… We really have to share this with many newbies so they can start on the right track
You are absolutely correct, we are too lazy, we are downloading each and every ebook on web. But we are not taking actions to implement the strategies explained by those ebooks. We just read them and looking for sudden increase of traffic. That is why we loss sales or money.
I also had the same habit few years back. Even now sometimes I am getting lazy. But if we want to make money we need to work hard.
Nice post, Good luck.
Thanks Sajith…. When I jumped into online business that was exactly what I was doing… buying every ebook that promises me good things and never take action on anything and expect the promises to come to pass… It didn’t work at all…It is what lead many newbies to frustration…
We must act on as many information as we get from those books
You might think that it’s because the market is too saturated and there’s too much competition. You might think it is because most “make money” programs are scams.
All are true! Especially number two. If you are lazy, you’ll earn nothing online even if you already studied how to make money. If you really want to make money online, you need to put effort on building your online presence or anything that will earn you online.
Making money is not just setting up a site and waiting for the traffic to come in. You need to build it everyday!
Thanks Kee… Laziness will not make anyone successful in online business. Most people don’t know that it requires effort to get traffic to their site so they just set up one and expect their prospective visitors to come out of thin air