Stop buying every product and start making money today

This statement is very true. I remember when I just started to learn internet marketing, I was buying and buying. Frankly, most purchase are not worth it. At that point, I couldn't separate what is good, and beside, I do not have so many time to read them all.
There was a time that I keep buying the WSO too

Now I only buy what I need, and from my profit.
Sometimes, still couldn't resist the "hype" around, but very minimum now.

What the heck, I just bought another WSO today.
And is thinking to get another one ....

I have to stop buying every product, I'm out of money. Now it's time to start making some money!

I started getting very selective with what I bought when I realized how much stuff was on my computer that I had paid good money for and never used. I found stuff I never even read all the way through!

I don't chase after new products anymore. Education is important and I try to stick with products that will help me in the direction I'm already going.

Hello

I've been investing my money only in products and services that I know I can't do quickly and effectively. I think the money people spend on ebooks and products could often be better spent on outsourcing their requirements and getting someone to do it for you rather than trying to teach yourself everything.

Do what you do best and pay others to do what you can't.

Hope this helps. Harry

I haven't made money yet, but I'm getting started.

I still read a lot but I'm actually taking action and trying different things.
Good post

This is very true. Sometimes you need to buy things that will broaden your knoledge base

Not only will it cause you to go broke, buying every single marketing ebook you come across, but it will stop you from taking action. I speak from experience.


Every time I saw a new product, and bought it, I got excited about a "new" business. I was never able to focus on one thing, but kept jumping from one thing to the next.

As a result, I never got anything done. Now, I've stopped buying and started working. And I'm actually seeing results.

I completely agree. I bought a lot of "how to get started" type ebooks but didn't implement the ideas since I would get sidetracked too easily. Now that I have my "methods" down, I try to invest in services that make my job easier. I spend money on outsourcing certain tasks which is a huge help, but I try to avoid getting sucked in by too many salespages (and yeah, I'm a pretty easy target)

Hi David,

Thanks for the great post. Has given me some inspiration for a post on my new blog. The title - "You won't catch any fish unless your hook is in the water" which is exactly what my father would say to me when I was younger. I'd spend all day trying new methods, new rigs, different baits and different swims. My father would focus on one method - cast out and sit there until he had a bite. Who'd catch the most fish? My father of course. Moral of the story is to identify a method, focus on it and give it everything you've got until you've succeeded or failed. If there are too many things going on in parallel then you lose focus on your goals and achieve very little.

Thanks,

Andy

For months, I went from method to method, trying to get "rich"

Then, one month, I decided to actually *work* (what a concept)

Did I get rich? No, but I made more money than I had before, and now I am on my way to becoming rich

This is great advice: focus.

Unfortunately, if you're new to IM, you're not sure what to focus on, because you haven't decided on a business model.

Therefore, start by deciding what you'll SELL. IM is all about selling, so you have to sell something. :-)

You could sell:

* A product, either your own or an affiliate product

* A service you perform (writing, graphics design, getting links for other marketers, etc)

* Advertising on your own sites and blogs

The easiest way is to start by selling a service to other marketers. Then you have money coming in. So if that's your business model: selling your services, as David says "Stop buying every product and start making money today".

Repeat this mantra to yourself throughout the day: "I'm an IMer and I sell my services."

Only buy products directly related to this money-making activity, and of course, start making money! Set a money goal for this month and every month, and when you meet it, extend the goal.

When you're tempted to buy a product, keep repeating "I'm an IMer and I sell my services". :-)

When you do buy a product (and you will) make time in your schedule to work with the product. (Actually, if you make a commitment to yourself to read and work with EVERY product you buy, that will cut down on your purchases, because there are only so many hours in any day.)

Everything starts with your business model, so decide what you'll sell, and start selling it.

Cheers

Angela

You are right, David. I have a 10 point plan for 2009 and as a matter of fact; have started a challenge to help motivate me.

I can't very well accomplish my goal if I am constantly buying products. I spent 12/2007 to 12/2008 doing that.

I am trying to live by the motto of:

"Charles, do what they do before you buy what they sell." It is posted on my computer. There is probably better advice than that out there, but I intend for 2009 to be better than 2008. It will start with more doing and less buying.

Heck, it would take me a year before I read and acted on all of the WSO's I bought in 2008 anyway.

http://www.warriorforum.com/main-int...challenge.html

Charles

Charles, I'm also the information gatherer type and it used to make me feel better just having a product that I initially thought will be useful to make money. As you alluded to the secret ingredient "action" is what makes the difference.

What do you and other fellow warriors have in mind as to worthy WSO or otherwise products for a newbie?


Or asked another way what absolute must-read/must-implement/must-have WSO or info sources to one of your closest friends who you would like to see on a path to financial freedom?

Will your recommendations be any different if the receiving person is very tech savvy and doesn't need to be told what a blog is?

I will be thankful for your suggestions.

It's tough because on one hand you need to be extremely careful, even though there is a lot of good stuff out of there, there is an immense amount of junk!

If I never bought anything again I would really be limiting myself, because several things I have purchased have made me $$$ many times over.

Do your due dilligence people!

Matt

It seems that everyone goes through the information overload stage, (another huge thread dealt with that!) when we are buying more than we can read or use, then, if we're smart, we decide to focus, as has been stated several times above. That's the point at which we can really move forward, I think.
Maybe we could say it's the difference between radar and laser---gotta be a laser beam!

David you are so right. I went for so long just buying more products always looking for something better that would make me more money. It's not until I stopped buying and just focused on one thing that I finally started making money.

Choose one way to make money online and then give it all you've got. Put all your energy and focus into one project and then you will start seeing some results.

I here you!

You can't really learn if you keep jumping around.

It's like taking 4 years of school at once. You need to learn something and then figure out what you need to build up your education.

I'm on the wagon

Yeah, you are absolutely right

I might say that almoust each and every beginner Internet Marketer has such problems.

About 4 months ago I've had the same problem and just been spending my budget here and there.

BUT, you need to know which info is good for you and which is not. This is the key to the success.

I've learned to do this and am very happy about this. At that point I stepped one step upwards to my total IM success.

Now I am going up on my ladder of success.

cheers

Irmscher

I think we should buy products as long as they are related closely to the business model that one is currently pursuing and if the product adds value.

Sam

Hmm.. Let me say it from the newbie point of view. And YES, I am indeed in the situation now
It seems that newbies just can't resist the temptation of the different tactics and new tricks out there promising to get you "more traffic", "more sales" and ultimately "more money", be it in 1 day, in 7 days or 1 mth.
After these few months in the IM community, and I am wondering at the end of the day, the time that I spend reading and digesting the information and doing research far far exceed the time that I "took actions".
People are saying that we need to take actions, but I think that its not that most newbies do not take actions, it is just that we took the wrong actions and sometimes took too many actions at 1 go. Sounds familiar huh?
We tend to took actions using too many different systems and after failing to achieve any success, jump on another system and took action again. This is never ending "taking actions" and guess what, we just lose the focus and eventually lose the desire to pursue the so called "IM dream of financial freedom". I am speaking from my own personal experiences and opinions and I can say that there are probably more information in my hard disk and brains then there are any "new" tricks or systems out there in the market now.
Most are probably talking about the same old tricks, just re-phrasing in their own words.
I am currently trying to re-focus and concentrate on 1 system and try not to be tempted to buy any more "IM stuff". Unless of course, I come across something that can actually helps and improve my current system that I am working on, stuff such as software that can improve the efficiency and automation.

The problem? with Internet Marketing is you are learning from Marketers. If they are doing their job well and you genuinely have an interest sometimes it can be hard.

It's true though when you stop and focus on something your results definitely increase. This said however I don't think you should just stop buying products all together. Not only are there some real gems out there but there is a lot to be learnt from the process of being a consumer as well as long as you observe the steps that you go through.

My most important tip to somebody that keeps going through tons of products is to take notes on the best bits and takeaways from each product that you go through. My little "Black books" often remind me of methods and tools I've forgotten as well as having tons of old business ideas that have often worked well with something considered at an earlier or later time. By keeping your black books once you get through the fog you have solid personal information that you can use to aid you when building your empire.

I've purchased very, very few IM products.

I agree with you.

In the beginning obviously there's
a learning curve involved.

However, if you just end up learning
and not DOING then the learning is
just a waste of time.

Of course you never stop learning
because the internet is an ever-
evolving machine. But if you find
yourself learning more than you're
doing, then you've got it wrong.

On the other hand, if you are doing
and not learning at all. Then you're
also putting yourself at risk.

Hi

Alot of times we have the heart to do it but don't know how to do it, that's why we fail to make any money. There are people out there whose program provide you with easy step by step video coaching to setup diffierent type of online business and very unique ways of promoting your products. That way the chances of making money is higher.

Cheers to your success !