Do this ONE THING and you WILL make money on the Internet

18 replies
I've been reading a lot of posts on this forum regarding how to make money online.

It seems that the same questions get asked over and over again.

I'm not sure if people pay attention to the answers.

Most of the time, the answers are quite spot-on.

Most of the time, the answers actually deliver solid value.

For some reason or other, the same questions keep getting asked.

Well, if you really want to get serious about making money online, let me direct your attention to one key thing you need to do.

It has nothing to do with the traffic you're going to generate.

It has nothing to do with the type of website or online property you will develop.

It goes much deeper than that.

In fact, this principle is crucial to you not just making money but scaling up that income and keeping it for the long haul.

You have to remember that making money on the Internet is not a problem.

Most people can do it.

You can freelance, and you can make money.

I mean, it's pretty straightforward.

However, building an income system that scales up with time and requires less effort as you make progress truly takes work.

It doesn't just take physical work.

It also takes mental work.

You have to look at the big picture.

You have to prioritize.

You have to push yourself to be more efficient.

This is one thing that I've adopted that have helped me tremendously throughout the years.

I've been at this for over ten years, and I've achieved quite a bit of success.

I don't mean to blow my own horn, but I've built many e-commerce websites.

I have helped Chinese companies sell products in Europe.

I know how the game works.

I've had my shares of success, and I've had my shares of failures.

Let me tell you, failure is a powerful teacher.

In fact, my complete experience, both successes and failures, have taught me this one thing I will share with you.


What is the one thing that will make you money on the Internet?

Building a systematic way to learn.

I can't emphasize this enough.

Most people tackle online business by building something and hoping it will work.

A common version of this is "build it and they will come."

This doesn't work.

It may seem to work in the beginning, but it won't work in the long haul.

You have to make sure that whatever you do constantly changes as you get more information from your visitors and your target audience members.

The simplest way to do this is to build your business around existing traffic.

Next, you need to come up with different versions of your content as well as your traffic engagement models.

You can tell just by looking at your statistics which variations work.

You keep making new variations until you get the level of engagement and conversion you're looking for.

This may seem straightforward and might even seem very simple, but you'd be surprised as to how many people build something and expect it to run on an auto-pilot.

Implicit in this way of doing things is the thinking that what they have built is perfect.

Nothing is perfect the first time you build it.

You have to continuously tweak your formula until it produces the results that you're looking for at a consistent clip.

You have to wrap your mind around this concept.

Otherwise, you are playing the game to lose.
#internet #make #money #thing
  • Profile picture of the author mydream247
    You have to prioritize. You have to push yourself to be more efficient.
    Great post and many great points taken, for me one of the biggest struggles has been prioritizing,
    with so many distractions, keeping me from me goals, often I find myself losing focus on what's important.

    Thanks again for this thread
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    • Profile picture of the author NyNyDanDan
      Great post! Thanks for some eye-opening insights. I recently heard a successful IMer talk about his turning point in business and I was able to relate because I had gone through the same exact thing. Here it is paraphrased by me: learning internet marketing techniques and strategies is important for sure but it is far more important to learn about the needs of your prospects. DO NOT fall in love with your product offering but rather, expend the majority of your energy understanding the needs of who you're trying to sell to. KNOW your prospect and put their needs at the top of your TODO list...
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  • Profile picture of the author ArticlePrince
    I found that having a structured task list helps keep me focused, as well as keep me from getting frustrated. Once you have a solid plan, keep executing and reviewing; results will almost always take longer than our patience allowed for.
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  • Profile picture of the author CTWilliamson
    I too have problems keeping focused. I often find myself checking email, Facebook and even here on the Forum when I should be working. Thanks for the reminder!
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    • Profile picture of the author icoachu
      Originally Posted by CTWilliamson View Post

      I too have problems keeping focused. I often find myself checking email, Facebook and even here on the Forum when I should be working. Thanks for the reminder!
      It's all about having a system.

      I've figured out how to 'goof off' and still be productive

      How?

      SYSTEMS

      System 1: Take out parts of my routine that don't lead to my goal (For example: checking out general news sites like The Economist, Drudge, Huffington Post, etc) and replacing them with marketing specific news (Inbound, clickz, etc)

      System 2: 'Quiz' myself re my goofing off: quickly write down summaries 3 news items that impact my business for good.

      Inspiration, Passion, and Spontaneity are great.... but if they aren't FED INTO A SYSTEM, success will be fleeting.
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  • Profile picture of the author Jason Kanigan
    @icoachu:

    You make an interesting point I haven't thought of before.

    It's automatically built into my products. But I have to question...

    Are people set up to systematically learn?

    Autodidacts, of which I can claim I am one, are the exception not the rule.

    The reason for all of these "How do I do this online marketing stuff?" posts is that people DON'T systematically learn on their own.

    They don't know how to use the Search feature.

    They don't know how to figure things out and put their own plan together.

    Otherwise, they wouldn't be taking what they think is the fast and easy route and asking what they think is their special and unique snowflake question.

    One of the many things I did get from my college education 20 years ago was the knowledge of learning how to learn. I was already OK at it, but my operations management training at 10 and 11 courses a term really bashed it into my brain.

    You know what one of the HARDEST things to figure out when you're learning something new is? The specific words that field uses to describe things in it. Like you're learning some new software, and you have this idea that you want a function, and you know what that function should accomplish. But what you don't know is what they NAMED the darn thing! So being able to Google a bunch of different phrases describing that function, until you hit on what the developers actually called it, is a huge skill.

    I have not seen other people demonstrate such an ability to learn. They have not been taught how to learn, which is the supposed purpose of high school (college's is to learn how to THINK...and in both cases few attendees do either).

    So for this reason I'm not sure your answer is a match up with the reality of the marketplace.

    What I think, after years of being in this business, is people want a fast answer to what they believe is their unique question. I carry out a lot of marketing services, and every single business I work with thinks their situation, their products, their customers are different. I don't even bother to tell them they are not, anymore...I just nod and do what I do anyways.

    They want to BELIEVE their situation is unique.

    Rather than fight that point of view, I'll roll with it and make money.

    Remember, most people don't even open the product they bought. They never use it. I have buyers pay four figures for my product and never log in. Never heard from them, never asked for a refund...just bought from Shiny Object Syndrome and hopped on to the next shiny thing.

    I used to send them a 'nudge' by email, but after awhile I realized that's not my responsibility.

    So while I don't think you're "wrong"...I don't think most of the population is wired or trained to learn on their own. And don't misunderstand me--I don't think people are dumb. I just don't see evidence that they have a systematic way to learn.

    So if you build your marketing around this idea of systematic learning, you will niche down by accident. You will appeal to those few who do know how to learn. And that will probably attract you a better class of buyer...one that has a higher level of education, one that takes action, one that has specific goals. It's not mass market, but it's definitely big enough to make a fortune.

    I think we should discuss this further because there's something in it.
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    • Profile picture of the author discrat
      Nice Post.

      But be prepared for the hailstorm of the "your self promoting" trolls here that seem to come out of the woodwork

      But I agree there is a system to learning. And it should not be underestimated.

      For some people, it takes time and others they really never learn to acquire it.

      I think it is helpful to write down things on paper when entering territory that you do not quite grasp or understand.

      Continually take notes on things you learned and go back and refresh your Memory until it gets engrained in your head


      Robert Andrew
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      • Profile picture of the author Steve B
        Over the years we have had a number of young college students come to the forum asking for advice on becoming a successful Internet marketer. Quite often the questions asked went something like this:

        "Should I drop out of school to pursue my career in IM?"

        I have always answered that they should finish school - that there would be time for IM after graduation.

        Why?

        It's the essence of this thread.

        Advanced studies at a college or university "force" you to learn how to study, observe, research, prioritize your time, and become productive when there are not enough hours in the day to get everything accomplished. You learn how to leverage your effort, set up systems, and automations that are excellent foundations for any business owner.

        You are right, of course, all of us need to be students of this game. And because the environment is always changing we should adopt and embrace the role of student for life.

        Steve
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  • Profile picture of the author Ken Leatherman
    icoachu,

    Thanks for the posting. My hope is that many here on the
    WF will read this and apply the advise you have given.

    Distractions kill me, in one way or the other, every single
    day. In fact while I was reading this thread I clicked over
    to several of the interesting links in the signature files of
    those posting in this thread.

    Whoops there I go again!



    The Old Geezer
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  • Profile picture of the author rob mills
    Hi,
    so I been trying to start out affiliate marketing to pay for my college education and its not working.I've been trying for 5 months and I've gotten as far as making a couple social media accounts, finding a niche and trying to get a free website that gives me all I need to start my business(which I couldn't find).Where is the best place to get a free website with no money that you be able to make proper money out of? My mom is doing good and needs a helping hand because I lost my dad 5 months ago and I want to raise enough money to be able to finish my education.any help in affiliate marketing and a step direction, books, references or advise would be very much appreciated.


    ROB
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  • Profile picture of the author snic15
    Great post and very encouraging, but the problem is that you have to be actually lucky to be successful in this business. You said that you started ten years ago, so did others who have quite good income now. Back then internet was not flooded with those people "how to make money online, how to be rich and etc" (including myself though), so it was way easier to start your idea and make it a success, but now...
    But now almost every second person on this planet wants to have and is very desperate to have a passive income and you know who succeed? only those who have completely different ideas and different attitudes ( lets say just 5 people out of maybe 10 000, or even more), so yea, all I wanted to say was that it takes way more than guts and determination to make something these days.
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    • Profile picture of the author Sid Hale
      Hate to rain on your parade, but...

      Originally Posted by snic15 View Post

      the problem is that you have to be actually lucky to be successful in this business.
      Luck has absolutely NOTHING to do with it!!!

      You said that you started ten years ago, so did others who have quite good income now. Back then internet was not flooded with those people "how to make money online, how to be rich and etc" (including myself though), so it was way easier to start your idea and make it a success, but now...
      But now almost every second person on this planet wants to have and is very desperate to have a passive income and you know who succeed? only those who have completely different ideas and different attitudes ( lets say just 5 people out of maybe 10 000, or even more), so yea, all I wanted to say was that it takes way more than guts and determination to make something these days.
      I think you're making excuses for yourself.
      It's true there was less competition 10 years ago, but there were also many fewer opportunities.

      New opportunities are created every day, but you can't capitalize on those opportunities until/unless you learn how to recognize them and then take advantage of them.

      BTW - new problems arise every day, too. Be a Mark Zuckerberg (you know... the "newb" who brought FaceBook to market) and create a solution for those problems.

      Hell - you can even invent a problem that doesn't exist and then provide the solution (they do it in the WSO forum everyday).
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  • Profile picture of the author DeanSoto
    Love this post. Was reading a book recently that talked about not only learning from your mistakes, but learn from the mistakes of successful people so that you don't have to make the same ones. I tend to be swayed by this thing or that thing staying away from what others have failed at helps a lot.

    I need to up my game when it comes to systematic learning. I have my goals etc., but don't really have a framework for making sure that I am learning the things that I need to learn in order to reach them as quickly as possible.

    I've been playing around with PPC and it's been great, but I haven't been making multiples of my content and testing the results. That helps out a lot! Off to create some new landing pages .
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  • Profile picture of the author Brent Stangel
    What is the one thing that will make you money on the Internet?
    There's only one?

    You have to remember that making money on the Internet is not a problem.

    Most people can do it.
    This forum is proof that is bullshit.

    I wonder where newbies get their unrealistic expectations...oh that's right, I know.
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    • Profile picture of the author icoachu
      Originally Posted by Brent Stangel View Post

      There's only one?



      This forum is proof that is bullshit.

      .
      My point is that if people want to make money, they can by freelancing. There are many levels to freelancing and they can fit at least ONE of those levels.

      That's not the problem.

      The problem is the income level and sustainability.

      Please read the whole post.

      Understand how it ties into the ONE THING everyone needs to learn which is to develop a SYSTEMATIC method for learning.

      That's the gateway to sustainable success.

      I hope that clears things up.
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  • Profile picture of the author MikeTX
    One quote from my favorite book:
    "Affect millions and you will make millions"
    Can't get simpler than that.
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  • Profile picture of the author dee4d
    U couldn't have said better...
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  • Profile picture of the author fdmarketers
    To make money on the internet should never tire of study, train systematically to stay up to date and learn techniques and strategies, you need to have a solid plan without ever losing sight of the goal.
    Just so you can get the desired results.
    By clicking below you you will have useful tips.
    Good luck to all.
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