The Secret why YOU'RE FAILING to make any money online

8 years ago

I agree with you Thomas.

You can have $25,000 to start with but that money WILL NOT
buy focus and determination.

If you don't have the cash to splash, then don't waste time making
excuses. Use that same time to become a success.

Good things come to those who hustle while they wait ;-)

~~ Gary

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Thomas W

8 years ago

Originally Posted by jempub

I agree with you Thomas.

You can have $25,000 to start with but that money WILL NOT
buy focus and determination.

If you don't have the cash to splash, then don't waste time making
excuses. Use that same time to become a success.

Good things come to those who hustle while they wait ;-)

~~ Gary

This is exactly why i tell newbies that hit me up for advice. Can you work 20+ hours a week for next 3 months without making any money? Weather its time or money, their is a significant investment

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Ted K

8 years ago

Good post Thomas. It seems that many people fall into a trap of wanting to make money online. But, they fail to realize that building a business should be the focus.
Anything we do in life requires a solid foundation. While its great to be motivated by the result, we need to focus on the process.

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Thomas W

8 years ago

Originally Posted by Ted K

Good post Thomas. It seems that many people fall into a trap of wanting to make money online. But, they fail to realize that building a business should be the focus.
Anything we do in life requires a solid foundation. While its great to be motivated by the result, we need to focus on the process.

yep their putting the cart in front of the horse

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Brent Stangel

8 years ago

I believe 90% of all the people on this board doesn't have that much capital to invest into their internet business.

90% don't have an Internet business, they are just posers.

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Thomas W 8 years ago

Originally Posted by Brent Stangel

90% don't have an Internet business, they are just posers.

This is very true. I had an opposite problem back when i started in 1998. It was super easy to make money online, but the problem was I had no clue about business. No concept of business 101. I got audited by the IRS and owed tons of money in back taxes.
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nicheblogger75 8 years ago

Originally Posted by Brent Stangel

90% don't have an Internet business, they are just posers.

This is a very true statement. It irks me to the core when I see people who have just gotten into the business only a month or two ago and I see them start launching WSOs offering to coach other people. What could they possibly have learned in a month or two that would qualify them to start teaching others? That's kind of like saying that a college student with one semester under his/her belt is all of a sudden qualified to be a professor.

Another thing that blows my mind is the sheer number of brand new subscribers I get that contact me on FB or Skype and tell me a story about how they got into financial trouble and they need to make $1000 by next week or $5000 by next month, etc.

What's even more outrageous is that when I politely explain to them that it doesn't quite work that way, some of them blow up at me and some of them have called me a few choice names that I wouldn't call my worst enemy!

My point is that there are hundreds, probably thousands, of disillusioned and misinformed people out there who are under the impression that they can start and run a successful Internet business and be making $500 a day by next month. Now, I can understand how a lot of these people have gotten this idea. All you need to do is look at some of the squeeze pages floating around out there, and you can easily see why people think that IM is a surefire way to "get rich quick."

In fact, nothing could be farther from the truth. I often tell the people who contact me how long it took me to start earning enough money so that I could live off of my Internet business. Once they hear that the time frame was years and not days, weeks, or even months, they get upset because that's not what they wanted to hear. What's worse is that when someone is honest with them, they don't appreciate it.

In fact, I think they resent you for it. Instead of taking your solid advice, they just run off to another squeeze page that promises them the moon and stars and decide to believe in that. The problem there is that maybe the next marketer they ask isn't honest with them and they get taken. Now they are massively bitter. This is is how IM gets a bad reputation.

Well, I'm sorry for ranting, but Brett's statement hit home for me.

If I'm being 100% honest, I have to say that I am getting put off by the dozens of new threads that pop up every day where the person's very first post is "I need help ASAP," or, "I need to make money online fast."

How about this... Instead of coming out and expecting all of the experienced marketers on this forum to just spill all of their hard learned business secrets, why not dive in and go through the tons of excellent advice and free coaching that already exists on this forum?

In other words, stop taking shortcuts and get ready to dive in for the "long haul."
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Write W@rrior

8 years ago

You are 100% correct, Thomas. Many people forget about the time element, and believe a successful online business should be instant.

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Sujinb14

8 years ago

nice thread and good advise for newbies. the reason of being unsuccessful is Jumping directly into making money program mes without learning basics of this.

keep shareing

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Rory Singh

8 years ago

Nice Post Thomas.

Writing great content is only part of it. You have got to learn how to promote your content in order to get it ranked.

Don't rely on Search engines to bring you traffic. Nowadays they are way too picky because they have masses of people who are creating content on a daily basis begging Google for some love.

The day people stop relying on Google is the day big G starts feeding them traffic.

Originally Posted by Thomas W

Second thing is stop chasing the shiny objects. Everyone journey is different, what works for them might not be for you. You should really concentrate in developing great content that your audience will love.

That is when search engines and social media will reward you for it by giving you great traffic. Once you have the traffic then you can start figuring out how to monetize it.

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Thomas W

8 years ago

Originally Posted by Rory Singh

Nice Post Thomas.

Writing great content is only part of it. You have got to learn how to promote your content in order to get it ranked.

Don't rely on Search engines to bring you traffic. Nowadays they are way too picky because they have masses of people who are creating content on a daily basis begging Google for some love.

The day people stop relying on Google is the day big G starts feeding them traffic.

Content is everything. Good content will always get rewarded with Traffic. It will happen naturally. But i agree you do have to understand the basics of building traffic.

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Anonymous Affiliate 8 years ago

Originally Posted by Thomas W

Content is everything. Good content will always get rewarded with Traffic. It will happen naturally.

This statement is simply absurd. "Build it and they will come" is a fallacy.
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- icoachu 8 years ago
  
  Originally Posted by Anonymous Affiliate
  
  This statement is simply absurd. "Build it and they will come" is a fallacy.
  
  Sadly, 'Build it and they will come' is one of the hardest IM myths to kill. Worst of all, there are many variations to that mistaken belief. They all lead to the same place though: empty bank accounts.
  
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  wordwizard 8 years ago
  
  Good advice, Thomas!
  
  I agree that learning the basics is key to starting an online business. Learning marketable
  skills is another one.
  
  If needed those skills can be offered as services, which brings in money to finance your
  main business (or help you with living expenses while you build your niche or authority
  sites etc.).
  
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- Thomas W 8 years ago
  
  Originally Posted by Anonymous Affiliate
  
  This statement is simply absurd. "Build it and they will come" is a fallacy.
  
  Search engine algorithm purpose is to find the best answer to a particular question. I'm not sure why you believe that creating the best content is the goal for any authority niche site
  
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Michael Fuentes

8 years ago

Thomas,

Originally Posted by Thomas W

Once you have the traffic then you can start figuring out how to monetize it.

I think I have a different approach ...

I initially pinpoint the particular needs and problems of a specific target audience for a certain industry, category, sub category or niche ...

I then try to develop my ideal customer avatar by knowing what they're currently searching for, what they're currently viewing, what they're currently sharing and talking about, what they're currently buying and where they're currently going so as to find, view, buy, share and talk about things that may be helpful and are related to their specific needs and problems in a particular industry, category, sub category and niche ...

I then analyze this data and formulate an overall plan ...
This plan includes fiscal and non-fiscal sourcing, business and product development, frontend and backend monetization, onsite and offsite content development, online and offline advertising and marketing campaigns, content syndication partnership sourcing, strategic B2B alliance formation campaigns, customer support processes and repeat business systems ...

I then execute my overall plan ...
This means I already know how I want to monetize traffic before getting it ...
And, I already know how to monetize captured traffic before capturing it ...
Plus, I already know how to monetize already monetized traffic through upsells and so on ...
And, I already have options to add certain monetization strategies, improve my campaigns based on results and so on ...
EDIT: Plus, I already have options to scale up, expand to other markets and / or start new businesses and campaigns in directly and laterally relevant markets, which'd be dictated by the results I get ...

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Thomas W

8 years ago

Originally Posted by Michael Fuentes

Thomas,

I think I have a different approach ...

I initially pinpoint the particular needs and problems of a specific target audience for a certain industry, category, sub category or niche ...

I then try to develop my ideal customer avatar by knowing what they're currently searching for, what they're currently viewing, what they're currently sharing and talking about, what they're currently buying and where they're currently going so as to find, view, buy, share and talk about things that may be helpful and are related to their specific needs and problems in a particular industry, category, sub category and niche ...

I then analyze this data and formulate an overall plan ...
This plan includes fiscal and non-fiscal sourcing, business and product development, frontend and backend monetization, onsite and offsite content development, online and offline advertising and marketing campaigns, content syndication partnership sourcing, strategic B2B alliance formation campaigns, customer support processes and repeat business systems ...

I then execute my overall plan ...
This means I already know how I want to monetize traffic before getting it ...
And, I already know how to monetize captured traffic before capturing it ...
Plus, I already know how to monetize already monetized traffic through upsells and so on ...
And, I already have options to add certain monetization strategies, improve my campaigns based on results and so on ...

That is a lot of research and personally wouldn't spend that much time to make a niched site. I would first look up the existing SERP's for the particular niche. Then see if i can outrank it and view the competition.

Then i gauge how much potential traffic i could attain from that niche. Slap a Web 2.0 property with a good content. Share it on on social media sites. See if it gets any traffic.

If it does fairly well (100 unique visitors) then go ahead purchase a domain for it. Give it about 5 more pages of good content. Do some more SEO work on the domain.

Depending on what your expected EPC (earnings per click) would be, I would start monetizing it very slowly...

1. use adsense
2. Build a handy PDF file with info that users would like
3. Start creating list's and give away PDF
4. Send 1 email per week, nothing but Pure Content.
5. 5th week send one Offer for sale.
6. Repeat Step 4

If you can never get to 100 unique visitors in say like 2 weeks then it's not worth any effort to move further. Time to research another niche

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Michael Fuentes 8 years ago

Thomas,

Originally Posted by Thomas W

That is a lot of research and personally wouldn't spend that much time to make a niched site.

I enjoy developing online business models with high potential backend brick and mortar businesses that offer technology products and creative services, more than creating purely online businesses through niche sites monetized through affiliate products, ads and so on, which is why I deal with niche markets, and not niche sites (to me, there's a big difference) ...

I enjoy the challenges of significantly bigger risks and significantly bigger opportunities to generate significantly bigger rewards through more challenging risk management work ...

... But then again, that's just me, and I completely understand why others prefer building purely online business models that generally require less fiscal and non-fiscal resources to start, grow and expand -- It's a matter of preference, in my opinion ...
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KevinDahlberg

8 years ago

Originally Posted by Thomas W

Too many newbies jump to the "Monetize" phase to quickly. First you need to understand the art of getting traffic without spending money on it. That is learning how to create a niched content. Something that your very passionate about. When your passionate about it then content development is so much easier and your going to come off as an Expert on that niche.

I especially agree with this. I've tried to get into niches that I had almost no interest in, and I just couldn't get into it. If you can get into something you are passionate about, the time that you have to spend on it is nothing. It stops being work, and starts being something you look forward to doing.

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SFNY

8 years ago

Nice post Thomas,

Although I would consider myself a newbie as far as making money online as an IM, I am some what seasoned in business. The only business I ever ran online aside from ebay selling as a kid was a nutritional supplement box business. I ran the business for about 6 months post launch phase. We did 1400 signups and sold out completely in our BETA phase. I shut it down because companies cut us out of their marketing budget and I was just not passionate about it anymore. It was extremely torturous begging for samples daily and I probably should have pivoted our model to another route that would have led us to success - but I shut it down.

Anyway, I learned a very important thing that I always have to remind myself about, yet I seem to forget often: 1. You can have all the money in the world to start a business but the truth is, unless you have a little passion for it or you get some kind of fulfillment out of it you won't be able to invest yourself 100% into it. That goes with any venture...Whether it is a full-time business, a hustle project, a part time gig, or a startup.

Lastly, I have read every single post by some of the largest IM sites out there. They all seem to be crap but I learned a few things. Aside from them pushing the same affiliates on you, I learned that IM is NOT EASY. My opinion with the problem with IM vs many other service related or product related businesses is the exchange of money isn't there. If you're building an authority site, you could work 6 months, a year, and see ZERO reward. Then, when you finally get that reward, it could be a few dollars. Additionally, it's stressing in that google can take that all away from you. It isn't easy being an IM and you truly have to be lucky enough for google to like your content and your domain. Your market has to be right or you'll get crushed by SEO pros. Most of all, you have to be patient...Very patient! The deck is stacked against you! As some of the greats have always told me, always have at least 1 paying customer when you go into business. This is why people building sites need help and feel the urge to want to get out there and chase or earn a dollar. They are struggling to see progression. They also want an easy dollar.

Right now I am on the fence about attempting to start an authority site, newsletter, or maybe some kind of online/offline service. Im willing to work my ass off though to make whatever I do work. That is what I believe is the secret to success.

I agree with everything you say. GoOoOoOoGle will reward you when you deserve it...Maybe

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ahmedezzezz

8 years ago

I think the most important reason why 90 % fails is that they wanna try everything at the same time without focusing on one method

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nizamkhan

8 years ago

Good advice. Newbies should definitely consider this advice and should follow it.

- Nizam

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nicolasmd2112

8 years ago

Great post. Most newbies think that they will be making decent money one, or two weeks into their new business, when in fact, it takes MONTHS to get to this point. It also doesn't help to be jumping from formula to formula when trying news ways to make money. Don't get me wrong, it's good to experiment in different strategies and expand your knowledge in multiple areas, but take it a step at a time and master one method or business model before you move onto the next.

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techforce

8 years ago

Originally Posted by Thomas W

what works for them might not be for you.

As i think this is really one of the main reason for failing

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Michael J Anthony

8 years ago

Mindset is everything and needs development first and foremost in my opinion.

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Thomas W 8 years ago

Originally Posted by Michael J Anthony

Mindset is everything and needs development first and foremost in my opinion.

That is very true also. I usually need a brain tune up every few weeks to get focused
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SaeedKhan

8 years ago

I agree, I must confess I used to be a shiny object chaser and just read and read until I realised the only way to move forward, grow an online business, is simple, TAKE ACTION.

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ChrisBa

8 years ago

Originally Posted by Thomas W

I believe 90% of all the people on this board doesn't have that much capital to invest into their internet business.

If you don't have $1000 or hire a big team then I suggest you start learning the basics first. Before their was a wordpress i use to make websites with Notepad. That is how i learned HTML. Luckily starting off like that taught me how to become a "Webmaster". It is a very important skill to have.

Too many newbies jump to the "Monetize" phase to quickly. First you need to understand the art of getting traffic without spending money on it. That is learning how to create a niched content. Something that your very passionate about. When your passionate about it then content development is so much easier and your going to come off as an Expert on that niche.

Second thing is stop chasing the shiny objects. Everyone journey is different, what works for them might not be for you. You should really concentrate in developing great content that your audience will love.

That is when search engines and social media will reward you for it by giving you great traffic. Once you have the traffic then you can start figuring out how to monetize it.

Hope this helps your focus and Good Luck

I totally agree about too many people jumping straight to the monetize phase and ultimately I think it leads to failure more often than not. Build something of value and the money will come.

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kencalhn

8 years ago

spending too much time talking/commiserating on forums is also not a great use of time. lol. just sayin'

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Cleberl1

8 years ago

However sometimes just having great content is not enough if you don't have decent traffic. There are several ebooks or services that are low quality but selling and the opposite happening. And I'll not talk about most of shady products that we see everywhere.

I think the most important is to work hard and steady for as long as necessary, sooner or later results will come.

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spurge0n

8 years ago

Stay away from that shiny object. Focus on what works for you and stick with it until you succeed.

Once you've been initially successful, diversify your portfolio with another IM venture,

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ben500

8 years ago

Exactly.

I myself have been writing and researching content for a couple of weeks now. Not even started buiding a site or trying to monetise something that isnt finished.

Slowly slowly catchy monkey

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kadyjoyce

Banned 8 years ago

Thanks for sharing very good ideas

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Omarkenawy

8 years ago

I think that there two sides on that matter. You have enough time to make money online but don`t have money OR you have enough money to start with but you don`t have the time to do that.

The best one who have the both thing (Time and money )

Maybe you can invest on outsourcing all must-do internet marketing activities but if you have not the basic knowledge on how the things go. You will fail. Also if you have the time to do everything by your hand. You will take so longer to get some great results and may be you will be discouraged to continue and give up quickly before making money online.

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premz

8 years ago

I am the person u lost so many money just assuming that making website will fetch money but no its not like that we have to look into many thing also need to understand lot of stuff.

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PBScott

8 years ago

The top reason I think is people think it is easier than it is.

Them failing to invest the time and money afterwords are caused by how naive they were at the start.

It is amazing all the people I meet, who know what I do, think I'm going to show up in a Ferrari or something when I go to meet them .... ummmm yeah.... no ferrari yet ...

There is a good infographic on the right here titled "What makes small businesses sink or swim"
http://planetarybargains.com/Blog/my...-internet/work

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spearce000

8 years ago

Shiny Object Syndrome is what "kills" most budding online marketers IMHO. That and acquiring knowledge, but not actually using it.

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discrat 8 years ago

Originally Posted by spearce000

Shiny Object Syndrome is what "kills" most budding online marketers IMHO..

"Sending it out and SOS"
"Sending it out an SOS" LOL

- Robert Andrew
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jordantyj

8 years ago

agreed. If people don't have a fair amount of a budget to do their advertising, then learning the basics is a start. There are more than plenty of ways to learn the basics. Even for free!

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03navneetkumar

8 years ago

I think - Don't take an wise action is first thing where you fail to make money online. If you can work 20 hour in week - its enough but you must have plan for execution and back up plan while working.

Many ways of making money is available online and looking for you. You just need to go with your interest and grab the opportunities.

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entreprenuer1 8 years ago

bump.. bookmarked thanks!
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barryinsiam

8 years ago

some good points here. The shiny object syndrome is a real problem for lots of people. Usually those who haven't managed to make much money yet...understandable and very hard not to be tempted by "shinier objects" if what you are currently doing, hasn't yet worked.

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Ilenia Internet Marketer

8 years ago

You're right Thomas, in the middle, the syndrome shiny blow your mind!

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