Making Quick Cash, or Building A Real Business?

25 replies
Hey guys,

I've come across a problem that has been bothering me for a few weeks. I'm really in need of making some money as soon as possible because of the debt I'm in, but the more stable and permanent solution obviously takes more effort and time.

Since I have many bills to pay, I want to take the faster routes, such as affiliate marketing. I've heard of people who make bank with affiliate marketing since it's basically a numbers game. The problem is, when I break off to try those ventures, it stops my progress of creating my own products, and I still haven't made the money I need.

I know in this business, it can be suicide to spread yourself too thin. I guess I just want some wise opinions on what I should be focused on. I feel like having just two ventures should not be that detrimental, but at the same time, I can see its effect on how much work I can do.

So the question is, do I stick with the long and proven path, or focus on getting fast commissions since I need the money? I know both can work, but they both take time and effort. Maybe I just need a slap to the face, bring me back to reality.

Thanks for your help! This has put my productivity lower than it has been in weeks, and it needs to change.

Thanks!
Keith
#building #business #cash #making #quick #real
  • Profile picture of the author louie6925
    Unfortunately there is such a thing as quick cash, but not a quick business! If you want quick cash then there are tons of methods to do it, but potentially you could harm all future efforts of building a solid business by doing so.

    ....therefore my advice would be to forget quick cash and think about the future, every business needs to be built on solid foundations and these include learning, working, buiding a reputations and being smart. Do things right and you will make money sooner than you think, if you chase quick cash you will be going round and round in circles for a long time and still have nothing to show for it!....just my two cents...
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    Feel free to chat if you live in the UK I may have something for you!
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    • Profile picture of the author HenryZayasOBU
      Originally Posted by louie6925 View Post

      Unfortunately there is such a thing as quick cash, but not a quick business! If you want quick cash then there are tons of methods to do it, but potentially you could harm all future efforts of building a solid business by doing so.

      ....therefore my advice would be to forget quick cash and think about the future, every business needs to be built on solid foundations and these include learning, working, buiding a reputations and being smart. Do things right and you will make money sooner than you think, if you chase quick cash you will be going round and round in circles for a long time and still have nothing to show for it!....just my two cents...
      You have said it best my friend... No need to ad more to this. You are absolutely right and anyone who says any different has no clue about building a Business Online... Cheers pal.
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    • Profile picture of the author KeithSneed
      Originally Posted by louie6925 View Post

      Unfortunately there is such a thing as quick cash, but not a quick business! If you want quick cash then there are tons of methods to do it, but potentially you could harm all future efforts of building a solid business by doing so.

      ....therefore my advice would be to forget quick cash and think about the future, every business needs to be built on solid foundations and these include learning, working, buiding a reputations and being smart. Do things right and you will make money sooner than you think, if you chase quick cash you will be going round and round in circles for a long time and still have nothing to show for it!....just my two cents...
      Thanks Louie, that was exactly the sort of thing I needed to hear. I know there is quick cash to be had, but if it will hurt my business, I don't even want to pursue it...
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  • Profile picture of the author dantheinternetman
    Quick cash is for the 3% of lucky people that launch a product on the back of ZERO experience and basically lie about their earnings.

    I would have to say that it may be a slow road but the main objective should be building a customer base as early as possible, so that means listbuilding in a particular area that you wish to go into.

    This way once you have the experience then creating your own info product will be an easy and natural process plus you will have a customer base to sell to.

    So advice I can give is get a great landing page with good affiliate offer as the re direction then have a good follow up series for 7 days selling the product!

    Once you have this drive traffic to your page and concentrate on other parts of your online career
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    • Profile picture of the author KeithSneed
      Originally Posted by dantheinternetman View Post

      Quick cash is for the 3% of lucky people that launch a product on the back of ZERO experience and basically lie about their earnings.

      I would have to say that it may be a slow road but the main objective should be building a customer base as early as possible, so that means listbuilding in a particular area that you wish to go into.

      This way once you have the experience then creating your own info product will be an easy and natural process plus you will have a customer base to sell to.

      So advice I can give is get a great landing page with good affiliate offer as the re direction then have a good follow up series for 7 days selling the product!

      Once you have this drive traffic to your page and concentrate on other parts of your online career
      Great advice Dan, thank you. I will try to get that set up!
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  • Profile picture of the author jgd4js
    Keith,
    One issue I have found with trying to make the quick cash is that your focus moves around too much. Work with 1 thing, focus like a laser and the money will come.
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    • Profile picture of the author KeithSneed
      Originally Posted by jgd4js View Post

      Keith,
      One issue I have found with trying to make the quick cash is that your focus moves around too much. Work with 1 thing, focus like a laser and the money will come.
      See that's what I was starting to think. I'm glad that you agree, it helps solidify it in my mind
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  • Profile picture of the author Jonathan Branson
    You should focus on the future, "If you will get a fish then you will have food just for today, but if you will learn how to fish you will have food for the rest of your life".
    It's sounds like a nice sentence but it's true. Sit with your self and decide what do you want to do with the rest of your life. You only live once so don't waste it.
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    • Profile picture of the author KeithSneed
      Originally Posted by Jonathan Branson View Post

      You should focus on the future, "If you will get a fish then you will have food just for today, but if you will learn how to fish you will have food for the rest of your life".
      It's sounds like a nice sentence but it's true. Sit with your self and decide what do you want to do with the rest of your life. You only live once so don't waste it.
      So true Jonathan! I will definitely get to work on my fishing skills!
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  • Profile picture of the author Joseph Robinson
    Banned
    I suggest a balanced approach, personally. If you have bills to pay then you need to get them paid. Work a 6 hour daily schedule: 4 on quick cash and 2 on a sustainable model. It's what I did in the beginning. If you're desperate, nothing wrong with a job. Put in 3 hours per day on a long term strategy and quit when you can.

    The situation may seem hard or even desperate, but it's definitely doable.
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    • Profile picture of the author matt78
      Originally Posted by Joe Robinson View Post

      I suggest a balanced approach, personally. If you have bills to pay then you need to get them paid. Work a 6 hour daily schedule: 4 on quick cash and 2 on a sustainable model. It's what I did in the beginning. If you're desperate, nothing wrong with a job. Put in 3 hours per day on a long term strategy and quit when you can.
      Agree with Joe. I start doing IM with the thought of making quick cash in mind. The longer I'm in the game, the more I realize about the important of building a real business.

      So right now, that's my new direction. I'm splitting my time for working on making quick cash with affiliate marketing (short term income) while also working on building a more stable and sustainable business like building a list and create own info product.
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      • Profile picture of the author KeithSneed
        Originally Posted by matt78 View Post

        Agree with Joe. I start doing IM with the thought of making quick cash in mind. The longer I'm in the game, the more I realize about the important of building a real business.

        So right now, that's my new direction. I'm splitting my time for working on making quick cash with affiliate marketing (short term income) while also working on building a more stable and sustainable business like building a list and create own info product.
        Thanks for sharing that Matt. I think this is the route I'm going to go, splitting up long term business with short term affiliate commissions. Building that list is crazy important...
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        • Profile picture of the author moneymakersguide
          I agree with others that you should go for the sure thing first and work on the business on the side. There's no real guarantee that you will make quick money and you need to get the bills paid. Maybe you can try selling your stuff on E-bay or other auction sites? Most people have their job and work on affiliate marketing and than when they start making enough money they quit. Good luck!
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    • Profile picture of the author Claire Koch
      This is genius. Good idea for everyone to try to do. Even offliners and onliners who do both. That is a good goal to have

      Originally Posted by Joe Robinson View Post

      I suggest a balanced approach, personally. If you have bills to pay then you need to get them paid. Work a 6 hour daily schedule: 4 on quick cash and 2 on a sustainable model. It's what I did in the beginning. If you're desperate, nothing wrong with a job. Put in 3 hours per day on a long term strategy and quit when you can.

      The situation may seem hard or even desperate, but it's definitely doable.
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      • Profile picture of the author The Great Gordino
        Hi Keith,
        You can create most products fairly quickly if you have to - that's not your main problem. The problem is traffic.

        For your long term business I imagine you are thinking of list building, sales funnel etc. That will take time, yes, unless you go for paid traffic which I advise people never to do unless they have their own known conversion figures.

        For quick cash, it's all about offering services, maybe article writing, maybe creating websites for offline businesses.

        With those kind of ideas, you are trading your time for cash, so it's basically a job, but working for yourself.

        The biggest plus of that versus a little job is that you can choose when you do the work, which is mentally refreshing.
        The biggest downside versus a little job is that the work is not secure, and you have to go chase it which can be mentally draining!

        As for quick money chasing for now being hurtful to your long term business? I don't think so unless you are doing anything unsavoury or unethical!

        Good luck!
        Cheers,
        Gordon
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  • Profile picture of the author paul nicholls
    keith, firstly you have to completely change your mindset and your approach to IM

    you are falling into the trap that 98% of people fall into

    if you are in debt and you need to make money then your best off to get a job and make money that way then come back online when you have some money to invest

    Internet marketing is no "make fast cash" method

    even if you go down the "everything free method" you will be relying on traffic methods which require time to see any results but if you choose the faster traffic methods than you need cash to invest

    you can of course make fast cash but ONLY when and after you have built your reputation and built your own customer list

    affiliate marketing is a good way to make money initially but you still need traffic which = time

    if your really serious about making it online then you need to first choose a method or strategy and stick with it until you see results

    if it`s affiliate marketing then creating video reviews of products and then get them ranked on youtube and google. This is one of the best ways to make money with affiliate marketing because videos rank very well but by no means is this as stable as building your own list around the niche instead

    i would stay clear of creating a product until you have some good results which you can create a product around

    hope this helps you and anyone else who is in the same position

    paul
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    • Profile picture of the author adamj2
      I first struggled when I first started out as I was constantly looking for a quick way to earn lots of money.

      I advise people to have some other sort of stable income so there is no panic and desperation in internet marketing needing to work out to pay your bills. Then you can take your time and not look for the quick fix all the time and results tend to be better and more sustained.

      I would keep things simple promote an affiliate product by doing the daily tasks that get traffic and then build an email list and send your honest recommendations to that list.

      I find creating YouTube videos, either directly speaking to the camera or doing a screencapture tutorial (I use CamStudio for free) helps build up trust and makes people actually want to buy from you as opposed to thinking you are trying to scam them!
      {{ DiscussionBoard.errors[6659427].message }}
  • Profile picture of the author hustlinsmoke
    "Since I have many bills to pay, I want to take the faster routes, such as affiliate marketing."

    Back in the late 90's early 2000's I would say yes it was a very fast route, but now you ahve every Tom Dick and Harry in this trying to get there share and the slow tried and true method I think is what works now.

    I can go out right now and make a good sizable profit within a week, I used to do this but nowadays it is done with blackhat and not so ethical methods that I tend to stay away from now.

    I am not saying there is no overnight get rich quick schemes that work, but I have found none as of yet. I had a friend well two friends that got lucky and met the right affiliate managers and made a lot of money in a matter of days. They both had good products at the time. I have seen people come along with the right idea at the right time,, when the market was just right for it and make a large sum of money, but we fall into these, I don't think we go looking for them.
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  • Profile picture of the author sk8tavou
    Make quick cash with quick or shorterm methods so you have funds to invest in your business
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    SocialWarrior - Cheapest Social Marketing Services
    Just message me for greater discounts :)
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  • Profile picture of the author FrankMiller
    Building a long term business is the way to go if you really want to get serious about this. Making money quick is slowly dying and is not sustainable.
    Signature

    ...

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  • Profile picture of the author MaxPowers
    Joe nailed it according to my experience. I started out freelancing my services to feed and house my family (I cannot afford to fail, for their sake), but this takes time to chase down gigs and more time once you get a gig. Still, you need to live, eat, stay online, and occasionally grab a beer and a shot to keep yourself sane.

    I worked way more than 6 hours a day to pull it all off in the beginning, but my time was mostly spent gigging for 'quick' cash with a few extra hours each day for building my own products.

    Above all, never stop thinking about/working on ways to get where you want to be while taking care of what you need to do right now at the moment.

    Stability begins with not losing your residence or internet connection and ends with a well-played strategy over time.
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  • Profile picture of the author Randall Magwood
    You could always go and give plasma. A quick $40 there. Then go every 2 days... $40 a pop.

    You want fast money, then you will have to put up some advertising funds to back it. Most of the people who are preaching their "get rich in 80 minutes" gig have very large advertising budgets. This is how they get customers so fast and then remake all of their losses from the backend sales to these customers.

    If you want quick cash, sell on ebay, get a Paypal debit card, and sell more of your stuff on ebay so that you can have instant access to your funds via your paypal debit card.
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    • Profile picture of the author KeithSneed
      Originally Posted by Randall Magwood View Post

      You could always go and give plasma. A quick $40 there. Then go every 2 days... $40 a pop.

      You want fast money, then you will have to put up some advertising funds to back it. Most of the people who are preaching their "get rich in 80 minutes" gig have very large advertising budgets. This is how they get customers so fast and then remake all of their losses from the backend sales to these customers.

      If you want quick cash, sell on ebay, get a Paypal debit card, and sell more of your stuff on ebay so that you can have instant access to your funds via your paypal debit card.
      Haha that's awesome Randall. I have some buddies at college that actually went to donate plasma twice a week for some cash. Yes, what you're saying really rings true about needing the money to invest to jump start your advertising campaigns. Interesting idea with ebay, I'll look into it.
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  • Profile picture of the author KeithSneed
    Originally Posted by Joe Robinson View Post

    I suggest a balanced approach, personally. If you have bills to pay then you need to get them paid. Work a 6 hour daily schedule: 4 on quick cash and 2 on a sustainable model. It's what I did in the beginning. If you're desperate, nothing wrong with a job. Put in 3 hours per day on a long term strategy and quit when you can.

    The situation may seem hard or even desperate, but it's definitely doable.
    I like that idea, I'll try to put it into practice. I'm thinking about grabbing a sh***y job for a while, but I'm really determined to do this as my full time job. I guess we'll see.

    Originally Posted by paul nicholls View Post

    ...
    if it`s affiliate marketing then creating video reviews of products and then get them ranked on youtube and google. This is one of the best ways to make money with affiliate marketing because videos rank very well but by no means is this as stable as building your own list around the niche instead

    i would stay clear of creating a product until you have some good results which you can create a product around

    hope this helps you and anyone else who is in the same position

    paul
    Thanks for your advice Paul. I know what you mean, and I've invested so much already. I know it's not an easy task to make it online... but yes, I'm going to make some money to invest into my online business.

    Originally Posted by adamj2 View Post

    I first struggled when I first started out as I was constantly looking for a quick way to earn lots of money.

    I advise people to have some other sort of stable income so there is no panic and desperation in internet marketing needing to work out to pay your bills. Then you can take your time and not look for the quick fix all the time and results tend to be better and more sustained.

    I would keep things simple promote an affiliate product by doing the daily tasks that get traffic and then build an email list and send your honest recommendations to that list.

    I find creating YouTube videos, either directly speaking to the camera or doing a screencapture tutorial (I use CamStudio for free) helps build up trust and makes people actually want to buy from you as opposed to thinking you are trying to scam them!
    I like that Adam. Thanks for that recommendation, that's good stuff! Yeah I'm going to have to make some money offline.. I was so determined to make it work, but I don't want it to cause my online work to be sub par. Thanks for the advice!

    Originally Posted by hustlinsmoke View Post

    "Since I have many bills to pay, I want to take the faster routes, such as affiliate marketing."

    Back in the late 90's early 2000's I would say yes it was a very fast route, but now you ahve every Tom Dick and Harry in this trying to get there share and the slow tried and true method I think is what works now.

    I can go out right now and make a good sizable profit within a week, I used to do this but nowadays it is done with blackhat and not so ethical methods that I tend to stay away from now.

    I am not saying there is no overnight get rich quick schemes that work, but I have found none as of yet. I had a friend well two friends that got lucky and met the right affiliate managers and made a lot of money in a matter of days. They both had good products at the time. I have seen people come along with the right idea at the right time,, when the market was just right for it and make a large sum of money, but we fall into these, I don't think we go looking for them.
    Very good points... And you're right, I think I'll have to leave the quick cash ideas alone.

    Originally Posted by MaxPowers View Post

    Joe nailed it according to my experience. I started out freelancing my services to feed and house my family (I cannot afford to fail, for their sake), but this takes time to chase down gigs and more time once you get a gig. Still, you need to live, eat, stay online, and occasionally grab a beer and a shot to keep yourself sane.

    I worked way more than 6 hours a day to pull it all off in the beginning, but my time was mostly spent gigging for 'quick' cash with a few extra hours each day for building my own products.

    Above all, never stop thinking about/working on ways to get where you want to be while taking care of what you need to do right now at the moment.

    Stability begins with not losing your residence or internet connection and ends with a well-played strategy over time.
    That's awesome Max! Thank you for your advice, I'll definitely take your experience as gold in this situation. Thanks for sharing!
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  • Profile picture of the author Arief Ramadhan
    Yeah, I agree with others. Change you approach to the IM. Mainly, IM is like another business you need to have enough money to get started. So, to pay the debt you need to get a job and start spend your relax time to build the your IM world and once you confidence enough with your decision to be full time IMer then quit your daily job. Good luck, man!
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