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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Good post. Patience is a great example of what is needed to succeed long-term. Also Motivation is essential, if you don’t have something motivating you to do what is needed to run a successful blog you will just end up quitting. What many people don’t realize is that you have to treat making money online like a business. It takes constant behind the scenes work to be successful. You can’t just throw up a site and expect to make money. Nicely said.
Thanks Justin, you have to get yourself some external motivations like reading other bloggers stories, getting to talk with some top bloggers etc so as to stay motivated.
this post reminds me of someone I know.. Always buying services/programs that can make “fast” money online. 🙂 but at the end of the day..all his/her money will gone out of waste… but this post is really good and I myself trying to find ways to make money online but I just don’t have an investment as of now.. 🙂 things for this lighted tips which are definitely true and should instill in our minds.!
Making money online is no get rich quick scheme. Lots of hard work and patients. Better have a steady job until you get to the point when your online revenue is adequate.
I liked your tips to make money online and totally agree with you. especially the point where you mentioned getting motivations from mentors. I got motivated and guided by an internet friend who really guided me through this journey and now i am making good money online.
Thanks Roy for your comment… Getting mentors really helped me and it’s still helping me…
Thanks Roy. Getting real mentors really helped me and even still helping me now.
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.
It’s not that easy but not that hard to make money online. I agree with these things and specially #2 and #5 are the best to understand. IMO, mostly people can’t get success because they are not following these two things.
Thanks Nan for your comment… Laziness and lack of focus is what many people trying to make a dime online really lack… Hard work and focus can make anyone succeed in any online business…
I always think of your affiliate marketing as running a business. You can set up the best looking and awesome store but with nobody visiting you make no money. You have to have information everyone wants or at least is interested in. You can not just make a website and make money it is not that simple. You reap what you sow and this is a perfect quote for our niche of affiliate marketing. Think of it as you are a farmer and you have to plant the seeds(website/affiliate product) water them to make it grow(links) Harvest your crop(sales page/product) and then sell(your profits). Hopes this helps!
Thanks Joseph for your comment… Many newbies set up their sites and expect visitors to come from thin air…
Yes, you can make money online, but it is not easy. It will require effort on your part. Look at blogging, affiliate sales, or even writing online content through web content mills. Any way you go, you have to give it time and provide a good service. The money isn’t going to start rolling in overnight. Patience and persistence is the key to success.
Thanks Gracie for confirming the fact that patience and persistence are needed to be successful in any online business because there is really nothing like an overnight wealth…
People should really do some research instead of buying ebooks and software that is completly useless because some of these things don’t even work. People really have to wake up to themselves and realise that not everyone can make money online.
Its takes alot of time and dedication to get traffic, customers, and advertisers. It may even take years if you try your complete best
@Shaquille Ray it is not bad to purchase the ebooks but there should be self analysis about the reality.No blind believe techniques works in online business.There should be proportion and research.
I agree with you Shaquille…. Not everyone one can make money online especially those that are very lazy and impatient…
@Maja you are correct also….
Thanks for your comment
It takes time to build a small income from the internet, there is a lot of strategies of the earning money trough internet. But form me personaly the best strategy is to build the list of the customer!
Good Luck
Helo