These days, making money online can be more viable than making money in the offline world. There are often less start up costs, online businesses can be more scalable, it is easier to reach target markets, there are little to no shipping or transactional costs, among many other advantages. However, despite these core benefits, many people still manage to fail to make a dime. They go about their online money-making efforts in certain ways that ultimately doom their efforts.
Learn how people fail to make money online so you don’t commit the same mistakes.
5. Believing in Get-Rich-Quick Schemes
Your attitude determines your altitude. If you go into a situation with the wrong assumptions and mentality, you might just be setting yourself up for an epic failure. This is definitely true with making money online. Too many people get suckered into buying an ebook or subscribing to a coaching system due to inflated claims of huge income generated over a ridiculously short period of time. While such claims may be true in some limited and rare circumstances, chances are you’re not lucky enough to have those same benefit and outcomes. Making money on the Web takes work. Work takes time. The sooner you get rid of this get rich quick mentality, the sooner you’ll make realistic money.
4. Relying on Gimmicks or Loop Holes
Closely related to #5 above is the all-too-common mentality of relying on some sort of ‘secret’ trick to generate money quickly. I’m sorry to break it to you, but there are no shortcuts. Instead, you have to do it the same way successful people do it — you have to hatch a plan, analyze its potential, and finally apply it. You don’t necessarily have to work extremely hard, but you still have to break a sweat more often than not. Websites promoting gimmicks or trying to get on some sort of bandwagon are appealing to your fear of having to work for your bread. Avoid the temptation; you’ll thank yourself later once you realize there are no shortcuts to long-term success.
3. Failing to Experiment
The classic definition of being nuts is when you keep doing the same stuff over and over but you expect different results each time. When you feel you’re not reaping the success you feel you deserve from your online efforts, you then have to switch things up a bit. If you don’t do things differently, what makes you think you’ll enjoy better results? Always measure the results of your efforts and vary them accordingly.
2. Failing to Engage
This one is fairly straight forward: You have to offer value to someone, somehow, someway, sometime. In other words, you have to engage your target market. They don’t exist to make you money on auto-pilot. If you think this way, you’ll be waiting a long time before you make real money online. You have to appeal to their needs. Your content, your offers, your online presence and brand must be all about meeting their needs. For you to get what you want, you have to help other people get what they want.
1. Quitting too Soon
The old saying, ‘it is always darkest before dawn’ might seem like a cliché to you, but it is the absolute truth here. Many would-be online millionaires get into online marketing thinking it is a quick sprint. In their minds, they only need to invest a few bucks and a few hours every week and voila! they are Internet millionaires. Sorry. It doesn’t happen that way. Making money online is a marathon, but never a sprint. Dig in for the long haul and enjoy the many awesome new places you’ll reach as you run the route. Only once you see the race as a process can you start reaping the online money you set out to earn.
Too many otherwise smart people sabotage their chances of making money online when they do any of these common things. Improve your chances of achieving the success you’ve always wanted by making sure you look at any and all ventures as a long-term, legitimate business.