I've been doing IM for about a year now, and been trying to make money online for about 5 (about 5 years ago fell for all the survey scams, then about 2 years ago fell for Adam Horwitz's Mobile Overnight Riches and over the last year really started to get into it).
Now, what I've tried doing?
Started with Push button Overnight Riches Systems - Made Nothing
Balance - $-750
Started With Affiliate Marketing - Finally Made $16 After Two Months, however I'd already moved onto something else
Balance - $-734
Purchased a Mobile Website WSO in January from WillR, tried outsourcing - Made Nothing, got scammed by oDesk telemarketers
Balance - $-2,900
Had the idea of a Website Builder with an Open SDK for widgets and a marketplace and a whole bunch of other features - Lost the motivation from being talked down by parents and others, as well as lack of programming knowledge and outsourcing costs ($30,000+).
Balance - $-3,000 (Lynda.com Membership trying to learn PHP)
Moved on to AdSense Just Before Penguin Hit - Nothing, Sites were all wiped out before I could even rank them. Google then came out with another update which was against EMD's
Balance - $-3,500 ( Websites and Hosting, A couple articles, and some basic SEO + WSO's on SEO ).
Moved on to the idea of a Website that would allow you to Upload Pictures and Videos as the background, similar to iGoogle with pictures, and then share them with the community. Website would look just like google, with my logo and control panel, and searches would collect results from Google and Ads placed would be my AdSense ads. Was talked down yet again by parents due to iGoogle already doing something like this, and having a better community.
Now? I'm stuck and lost, just as I always am when I have nothing to work towards. School isn't the answer, I work for the Straight A's that I get, however nothing School can provide for me (no career paths) seem to be anything that would make me happy. I want to be an Internet Entrepreneur, and if I am not working on something online I feel unproductive and I just get back on the computer and start thinking.
I need to make a choice..
Try and Think of another 'Great Idea'?
I've been told AdSense sites are dead, and Google is unstable on how they handle you (possibility of being banned randomly in some situations), and was told that affiliate marketing is too overcrowded now.
I just don't know what to do and need some guidance if anyone could possibly please point me in the right direction.
EDIT: What a great 100th post. Depressing it's been this long and I've made no progress.