Patience is a major issue among people who are trying to make money online and quit it after some time.

My two major issues:

1. Time
2. Trust

You remember the film Multiplicity, staring Michael Keaton? I need several of me, I often think. The second issue, trust, boils down to finding key people who you can trust to work on your behalf. I'm very lucky in that my teams in various businesses are top-notch, lovely people, great at what they do. But finding more people like them - that's a toughie.

Great posts you two, keep em coming!

That's not really the problem. That is a result of the problem.

You need to find the problem that is causing the poor sales.

It could be the product- make sure it is quality and does what is claimed. Refunds?
It could be the sales page - does it sell the product properly? Conversions?
It could be the traffic/promotion. Building a list?

You need to analyze your funnel from product to traffic source and tweak things until it works.

People think traffic is the main problem, but really it is conversions.

Many IMers, especially new and learning marketers, would have successful campaigns and sales funnels if they analyzed each component and tweaked for improved conversions.

Even a small change can make the difference between losing a little money and making a little money. Once you can make a little money, you can scale up.

Is your traffic converting? Split test traffic sources.
Is your squeeze converting? Spit test and tweak squeeze pages.
Is your sales page converting? Test and tweak pain points, call to action, etc..
Are your ads converting? Split test and tweak ad copy.
Is your autoresponder series converting? A whole 'nother round of conversion testing: email subject open rates, promotional email click-through rate

Conversions. Conversions. Conversions.

But that takes work and time to build skills. Many do not want to do the work required and others are impatient and quit before they really learn anything.

Mahlon

Following outdated business models.

Hey Nico,

You could create a product around this if you get enough information.

I like your style.

Well done.

Gavin

To be honest, Nico, your "problem" is not really a problem at all. Lack of sales is a symptom of an underlying problem - it is something you are doing or not doing in your business.

Your real problem could be

• Poor niche without rabid buyers
• Product/service no one wants
• Poor or too little marketing
• Poor offer - not compelling enough
• Low quality in your offerings
• Not marketing to the right people
• etc

"Not enough sales" really is a symptom of an underlying problem you have in your business that can only be fixed by addressing what the real problem might be.

The very best to you.

Steve

Mine is patience and consistency . Patience leads to the perfection

Learning how to get lots of targeted traffic without going broke

Hi,

It depends; I think it's not the same issues for those who want to make their first money and others who want to scale their earnings.

For newbies, the main obstacle is information overload. We can see so plenty ways to make money... so, it's easy to get confused.
They always have doubt and have to find something that works; they have to find their ways. I think that's the hard part of IM.

Focusing is what these folks are missing.

I think focus and following the process through all steps is my main problem. My skills are in web design/development so I like building new sites and tweaking the templates etc. I am not so focused on important areas like getting traffic and building a list.

Spending money to make money. But it's only a problem when you spend more than you make.

Getting targeted leads and staying focused all the time. If I could keep these two things consistent (goes for everybody actually) it would progress my business 10 fold.

Hey guys,
I really don't want to "fish" anything.
Product ideas is not a Problem at all. I Even made a Tutorial on that in the war room.

I want a healthy discussion on topic

Lack of patience, focus and consistency.

At least those were my three most common problems. They've lead me to make create half-baked websites and sales campaigns that I've never followed through. After a few weeks of making chump change, I start looking for the next big thing.

Amazon niche site not working? Might as well try affiliate marketing via mobile traffic. That ain't working as well? Maybe I should switch to Facebook ads!

It makes me think. If I stopped spreading myself around too much and, instead, concentrated on a particular niche and marketing method, how far would I have gone?

Well, no use living in regrets.

I think for me it's perseverance and guidance.

Perseverance because it takes time to see results and most of the time, we quit before we can see results.

Guidance because I guess for most beginners, we follow the wrong advice, read the wrong information and try to do it on our own.....

We also get information overload and simply just unsure what to do....that I guess is the major problem for most beginners.

Info here is pure gold...

Focusing too much on making money rather than focusing on the things that will make make me money.

My Tip Of The Day: focus on providing massive value that others would charge for. Money will come automatically then. In boatloads.

Because everyone will know, like and trust you, if you provide massive value to them for free. Then you can offer them even better products and it will be likely that they buy

A problem I've had commonly in the past, is that it is very easy to make money in IM, but most methods I tried made few dollars for the hours put in, and the money stopped coming in as soon as I stopped working at it.

Gift Cards was a typical example . . . I put up a site focusing on them, with lots of good content, spent hours designing off-line flyers, as well as promoting and backlinking online, after having read methods that said how profitable it was. The results were $52 on the online side, from a week full time work, and zero as soon as I stopped, and zero from offline promotions.

I bought another method and was used by the seller as the example of following the method perfectly, in the forum. After a week's work, making an Ebook, with videos and mp3's of the same content, plus giveaway videos, squeeze-page from a template that was said to the "the best", auto-responder with follow-up videos etc. The results were . . . out of 88 people on the forum for that product, not one person could actually say they made a single sale in the first few months that the forum was up for. Myself, after being said to have done the method "perfectly" made a single sale at $17, in 3 years (so a significant loss after hosting and domain costs), and that was after putting in a full-time week's work making over a thousand high-quality backlinks (as recommended by that course). Later I put the same Ebook and videos on JVZoo at $7 (with 50% commission), and sell an average of one or two a month, so I guess I've made a couple of hundred dollars so far, for a full week's work on that method (although a small residual income is coming in which seems to be stable).

That was typical of most methods I'd tried . . . yes they made income, but mostly less than a dollar per hour work even in the long-term, so not worth the effort.

There are certainly a few exceptions . . . my fairly standard use of Amazon affiliate method with specific honest Product-report pages is the most reliable way I know of making money in IM so far, and as an investment would double the money put into it in about 2 years, so not bad when one thinks of it in terms of financial ROI.

I have had a few lucky breaks, such as when putting up Squidoo lenses years ago, most of them made about a dollar per year per page, so not worth the hour or so doing them, but one single page I put up made $134 in the first year, for the same one hour work. However, I tried to replicate that success with similar pages and got nothing, so as far as I know it was a one-off.

I am currently doing rather different projects online, and they seem to be going well so far (too early to give any figures) and I keep getting money regularly from Amazon product report sites I did several years ago, so I am succeeding overall. But that's my experience with most IM methods . . . yes they make money, but no where near enough to be worth doing for anyone in the western world (some 3rd world countries, where a dollar a day is plenty to live on, it might be a different story). Yes one can learn and improve, but for most IM methods, it is simply not worth the effort. Of course, if you try enough IM methods, you'll probably find one or two which definitely are worth the effort, as I have done, but that was my most common problem with making money in IM as a relative newbie.

Chris