It's My 10 Year Anniversary - Here Are 10 Things I've Learned in 10 Years...
I joined this site 10 years ago this month
Very exciting I know....
So I haven't been very active on here in years. I logged in here the other day and saw that this month was my 10 year anniversary. I decided that, due to my lack of activity and milestone anniversary, I should give something back.
Here it is: the top 10 things I've learned about making money online. Enjoy!
10) Making money online is both very hard and very easy. Let me explain. Figuring out what to sell and how to sell it is a very a time intensive process. It takes an enormous amount of work and patience to "find your niche." Once you do, however, making money online is not only easy....its a total blast!
9) The most important skills you can have as an IM'er are as follows: ability to write clear and compelling sales copy, Google Adwords, Wordpress, List building, knowledge of how to buy and sell on eBay
8)1 person in 1000 go from broke to rich in 30 days - Ignore anybody that says otherwise For the vast majority of successful IM'ers it takes years to build an income online...myself included
7) Article marketing sucks
6) Building an income online is just like building an engine - if just one part is bad, the entire engine won't run properly. The trick is to constantly test and tweak until you are running on all cylinders
5) The money really is in the list
4) Social media marketing is a fantastic way to promote yourself and your products but it is VERY time intensive and takes months to really see results
3) There really is a ton of money to be made in offline consulting and marketing. An IM'er with just a few months experience is, on average, MUCH more knowledgeable than the average business owner
2) Your friends and family will think you're crazy until you consistently make money...then they will think you're AMAZING!
Drum roll please....
And the number 1 thing I've learned over the past ten years is...
1) eBay is the fastest and easiest way to make your first dollar online. This isn't a shameless pitch for some ebay ebook or something, it's just something I've found to be true.
The first dollar I ever made online was on ebay all the way back in the year 2000. Although the site has changed massively in 14 years, nearly anybody anywhere can open an ebay account and start getting sales in just days.
However, ebay has tightened their restrictions on new sellers making it very difficult to sell for your first 60-90 days. But you can still get sales even with just a couple of feedback.
I have had a love hate relationship with eBay for many years. I love how easy it is to sell but hate the fees and often draconian rules*.
Between the year 2000 and today I experimented with MANY ways to make money online. I came back to eBay because it was the one thing I found that works consistently year after year
Unfortunately, as with anything else, there is a huge learning curve when it comes to becoming a Powerseller on ebay....but its worth it
Whew!
I hope everyone here found this post helpful. I'm sure many of you will disagree with some of the things I've said. But I sincerely hope most of you find this advice helpful!
*In October of last year my account was suspended for 1 week because I had listed a Dooney & Bourke purse but spelled "bourke" as "burke" in the headline. This small typo triggered not only a week suspension but also imposed severe restrictions on brands I could and could not sell. I eventually did get things worked out but that typo cost me a fortune and nearly drove me mad!
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