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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It is really great post
I want to add to these 4 factors, the factor of Repetition.
For anyone who wants to make money online after trying a particular method and you get succeeded with it, you have to repeat it again and again.
If you have a successful website with Adsense, why not to repeat it with another website and another and another.
Thanks a lot for this good post.
Another question:
You spoke about Mentors in your post.
Do you mind to be my Mentor?
I need a master to can – really – make money online.
I’m waiting your response.
Thanks Flinkerstine for your comment and I totally agree with your the point you added… If a system works for me I just rinse and repeat for as many times as possible…
As for your other question about me mentoring you. I will be so glad to mentor you if you are a very serious person that is ready to make some cash online…. Just visit my blog and contact me through the contact page and I will get back to you ASAP!…
Thanks for commenting
Having focus and a set plan is really the key to becoming successful with making money from your home. It also requires hard work and dedication. Great post!
making money online needs patience and self learning ability, many think making money on net is easy… but in reality many lose their money in search of this…
Thanks Vijay for your comment… Most time a lot of newbie lose their money because of clear ignorance that is why I do all to tell them the truth about online business
I am deeply informed by your interesting insights Kelvin. There’s one point that struck my mind. I believe that getting mentor is one of the most important things to do if we want to learn in making money. In fact, in any field, we do need mentors/teachers to teach us we don’t know or to hone the things/ideas we already know.
However, with thousands of people online claiming of being a “guru”, we must do our research well on whom to pick as our mentors. Visit other blogs or forums related to the topic we are interested, ask questions about the person if he/she really offers what is he/she is talking about, etc. Make sure that he/she is credible in the chosen field.
Lastly, never get tired of learning. If we really want to earn from something that we want to do, devote time and effort to acquire information from other sources. The internet is a vast sea teeming with information. There are also books available to read. Just make sure to filter out the “bad apples” from the good ones. Stay away from negative minded people, maintain a positive outlook in mind. DON’T GIVE UP.
Well spoken Kelvin, I have made a lot of mistakes, but I take them as learning curves, and I don’t get discouraged when I do a blog that fails, I just move forward look at why I wasn’t getting readers, try to better my work and hope for better results, I have learned a lot from my mistakes. I’m not gonna say I have a ton of readers, but I am progressing.
Haha, I love it. Mate I like the way you are upfront. Yes you are right about not making money online. It is a mindset. Most people don’t because there are so many reasons they can use in their life to prove it. You have to work on it, you have to believe in yourself, you also cannot give up. I gave up 4 times, then I heard a mentor say NEVER GIVE UP, NEVER GIVE UP!! So I tried again. I’m now making money at last. Made every mistake in the book yes, but hey, I kept going. You have to make mistakes to teach others how not to make mistakes. Mind you, you can show people how not to and they still do.
Great post Kelvin! And thanks for the four tips..I keep myself motivated by setting small goals weekly like getting ex-amount off subscribers and so fort.. Hope you’ll be my mentor
Haha, laying the smack down on lazy people that don’t want to do any work! You are 100% right. Making money online takes a lot of work and isn’t for the faint of heart.
I’ve gotten pretty sick of people that want to “make money online” but don’t want to do any work. Making money online can take 60+ hours a week or more slaving away just to start getting customers.
I was a victim of the shiny object syndrome that many people fall victim to these days.
The truth is you need to pick one system and make it work. Have a plan and don’t give up until you make it work for you.
For five years I pottered around not really achieving very much until I decided to stick to a plan and make it work.
Thank you for writing this post.
Alan Oliver
Kevin I’m really glad that I ran across this blog. If patients was money then I would be as rich maybe a Donald Trump or Bill Gates. When I started internet marketing 15 years ago I sold products and even created my own product and saw more sales than I currently see. The product I created was a work from home opportunity dealing with mortgage insurance refunds for people who purchased a home through FHA. But the service I created was also being offered by FHA for free. So I discontinued the service and began to program hop. It seems to me when I didn’t know what I was doing I made more money. Now I am bombarded with how to knowledge and don’t make anything.