No One Can Tell You Exactly How To Make Money Online, You Just Need To Do It

By admin | Oct 22, 2009

If you’re reading this blog, or a number of other blogs about making money online, with the hopes that they will tell you exactly how to do it, you’re looking for something that isn’t there. There’s nothing wrong with reading blogs, forums, and ebooks for entertainment, to keep up with the latest news, or to get some ideas, but relying on it alone will not help you to make money online. You just need to get out there and do it.

I’m sure you have heard the saying “success breeds success,” but you probably aren’t taking advantage of it. If you commit to doing something towards making money online, and really take action, even the smallest successes will give you a boost in confidence. This, in turn, will lead to more ideas, more trials and errors, and more successes. You will eventually get to the point where you know what you are doing and are able to adapt on your own to the rapidly changing internet.

And being able to adapt and form your own conclusions is one of the biggest advantages you can have. Many people aren’t going to be sharing what is working for them right now. They might be sharing principles that are tried and true or exact strategies that worked in the past, but to really get an advantage, you need to have the ability to think for yourself.

Now, when I say get out there and do it, I’m not just talking about affiliate marketing. It’s ridiculous how many things you can do on the internet to make money. Some of them might be beyond your skill set, but what is stopping you from learning those new skills and applying them to multiple areas of your internet business? So here is what I propose that you do today to ensure that you are making money online in the immediate future.

1. Choose One or Two Strategies

You don’t want to spread yourself too thin by working on too many ventures at once. You can always automate and outsource them once you get them up and running, but for the crucial times when they need your attention, you must stay focused. However, just choosing one may not be enough for some people. There will usually be periods of waiting or burnout, so being able to concentrate on two ventures will add some variety.

Some viable online business strategies would be blogging (obviously), PPC affiliate marketing, user-generated content sites, free service-based sites, paid service-based sites, resources sites, communities/forums, e-commerce stores, paid membership sites, product development (ebooks or software), freelancing (writing, design, programming, etc), eBay selling, consulting, and probably many more.

Choose one or two strategies that seem appealing to you and commit yourself to making them work. Depending on your own motivational factors, you could set high goals that are just beyond reach to really push yourself or you could set small goals that are constantly achieved to boost confidence.

2. Get Something Up and Running

Even if you don’t quite know what you are doing yet, it is important to just get started. Think of it as a learning process. One of the great things about the internet is that the cost of business is extremely low and everything is very flexible. There is nothing stopping your from rapidly changing your business plans and structure.

If the task at hand is too far beyond your skills, you could hire someone to do it for you, or you could consider taking on a partner that compliments your skills. Whatever you do, you can’t let anything stop you from moving forward. Make sure you are always making progress, even if that progress is simply learning new skills.

3. Always Continue Your Education

We focused on getting something started before learning how to do it because education can paralyze you. Books, training courses, and classes are great for gaining new knowledge and learning how to do new things, but they themselves do not help you make any money. I have seen countless people get stuck in the trap of learning, learning, learning, and while they are gaining a ton of knowledge, they aren’t making any real world progress.

But, you should always be learning, just do it as a supplement to the things that grow your business. If there are particular tasks within your ventures that you are having trouble with, spend a lot of time on, or have to outsource, consider learning them yourself. You will gain a better understand of the requirements, which will help you when delegating the task, and you might even gain the ability to do it faster.

Outsourcing is great, but it takes time. You have to submit a project, get bids, choose a bid, communicate, wait for delivery, go over revisions, and repeat those last two step. It can be much faster if you or a partner can do the work on your own. I only outsource things that I don’t have the time to do or simply don’t want to do, I never outsource something that I can do quickly and effectively for myself.

4. Monitor What Works and Keep Doing It

Continuing with “success breeds success,” when you have an online venture in progress, you are continually trying new things and getting your own feedback on what you did right and what you did wrong. Use this information to train yourself how to be successful. This concept is very simply but is often ignored. When something does not work, ask yourself why it didn’t work and figure out how to adjust it. When something does work, ask yourself why it worked and figure out how to repeat and apply to other avenues.

This is where the real learning occurs. This type of learning is on a very personal level because you are analyzing tings that you yourself have done, not things that other people are saying they have done. With enough experiences, you will develop a very strong sense for success and will be able to explode your growth. You can’t properly tell other people (contractors and employees) what to do until you know exactly what works. If you don’t know for yourself what works, and are spending money based on what you have heard, there is a good chance you won’t recover your costs.

5. Never Stop Working Hard

This last step is the most important but is also the most difficult. It is way too easy to start a business on the internet. These days, with software like Wordpress, anyone can have a new business (website) online in 15-30 minutes. The hard part is sticking with it for the long run.

As you probably know, the beginning growth stages are usually very slow and mentally tough. This applies to all of the make money online strategies above. It takes time to build brand awareness, authority, market confidence, contacts, traffic, and ultimately, revenue. However, if you consistently work hard on your business, you will see incremental results in the beginning which snowball into exponential results with time.

Start Now, Don’t Stop, and Keep Reading

I know I said in the opening paragraph that you shouldn’t be reading blogs, forums, and ebooks with the hopes of learning exactly how to make money online. I didn’t meant stop reading them all together. Getting inspiration from the experience of others is extremely valuable, it just isn’t as valuable as actually taking action and making your own experiences.

When reading tips and advice online, take them as just that, tips and advice. Don’t keep searching for a step by step strategy that will guarantee your online success because your are the only element that can guarantee that success. Read the words of others to gain ideas, strategies, and inspiration for your own, existing ventures. To do this, you must already have an existing venture in place, otherwise you are just wasting your time.

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