So where is the real money ?

Focus on creating a service/product that really serves and helps people. Focus on creating win-win situations. LASER FOCUS.

Other then that dream big, believe in yourself, never give up.
Most importantly follow your heart.

I guess patience is also required since it can take years to get to $20000+ a month. Don't let these people with their get rich quick schemes fool you. You must be in alignment with what you want to manifest. You must grow towards your goal.

You'll get there if you really want to. Yes you will.

Personally, I would not create a service (been there, done that) because a service is not easily scaleable.

If you do all the work for the service yourself, then you are limited by your time. Not only that but you will probably find yourself working 12 hours a day 7 days a week and having to deal with pita customers (can almost be as bad as dealing with a boss).

Yeah, sure you can outsource but then you cut into your profits and you have to manage the people you outsource too. Its not as easy as some might make it sound.

To me, the way to go is to create a product, or series of products (naturally they have to solve a problem etc…) and build a list of customers that you can sell these products too.

You create the product once and sell to many - with a service you have to keep providing the service to make more money.

Now don't get me wrong, providing a service can be a good way to make money, perhaps more than you could with a job depending on your education and skills and you get to be your own boss and all that, but providing a service is still a job of sorts.

Having said that, the money from providing services saved my ass in the past when times were tight. But, if I wasn't pressed for money and had to decide which way to go it would definitely be a product.

well there are literally thousands of ways to make money online... If you are talking about long term income..

I would go with a product oriented business.. Like a Product which takes a one time effort to build and make money for the amount of time you want it to be in the market... unfortunately there is still an expiry dates on Info product once it is outdated.

It is exactly like offline businesses: you make money by offering a product/service that addresses a real need/problem/desire suffered by many people, and then doing the promotion right.

No secret here, either online or offline.

Glad to hear you going with the product creation model. Just remember you don't need to do all the work yourself. If you have some budget to spare it can pay you very well to outsource part or all the product creation phase. Then you can concentrate on selling.

It seems to me that the people who make the most money online do 2 things.

1. They create their own product and get other people to sell it for them.

2. Multiple streams of income. Such as many niche websites, list building, email marketing selling affiliate products.

I know there are so many ways to make money online that this really simplifies it, but not having all of your eggs in one basket so to speak is smart business online today.

Whatever you decide to do, you'll have customers. Do what "real" businesses do and keep those customers on a list you can contact over and over. The cheapest (to acquire) and best customer is the one you already have.

I'll second the product creation model, but don't discount providing a service if you need start-up cash or a boost early on.

Yeah i like the responses but what market would be good for the info products that there would be a lot affiliates in and obviously interest from people?

Real money is in product creation where you build up reoccuring passive income overtime.

The real money is everywhere, you just need to find a method and stick with it. All niches have "real money" to be made, you just just have to find away to extract it from paying customers via, product or service.

You do not have to limit yourself to one market............. MMO you may get some good stuff and then reinvest in traffic in other niches, that is what we have always done and has worked well so far, niches outside of MMO are what I would consider a more lucrative area as many in those niches do not have the experience of this MMO niche and you can do better for yourself in a very short space of time

Short answer...

Writing & Informing.

Everything else runs a close second place. Ultimately, information is what sells product/services and generates the whole matrix.

Both the things you mention have the potential to make that much money, it just depends on what you want to do.

Both business models are solid, and both will make you money if you put in the hard work.

If you already have a skill, like content writing, graphics, copywriting (sales page writing) then that might map to a quicker result if you offered that as a service.

On the other hand, there's nothing stopping you creating a product in one of those areas that you know about.

The products and services don't necessarily have to be related to the internet marketing niche either.

I guess the answers to these questions will depend a lot on what your own goals are.

-Chris

There is a fierce competition in both markets. I’m in the health market but it was not something I chose with the intention to make money out of it; it was something I knew. Therefore I created my products and my websites based on mental health and self-help.

The fact that some people are desperate to solve a health problem doesn't mean that they will just trust anyone.

People will easier trust someone who promises to help them learn how to make money online (because they believe that this is not so complicated) than someone who promises to help them solve their health problems.

They don’t trust just anyone or any kind of product when they have a health problem.

People are more afraid of having health complications because of a mistake, than to lose their money because they believed in a false money-making method.

Losing weight is not a serious problem for most people because they just want to be more attractive, but there are also people who are afraid of methods that can cause health problems instead of helping them become thinner.

Start with your own info-product and proceed from there. Have multiple products in your backend selling cycle... and encourage your backend customers to buy. Years from now offer some consulting or seminar packages to really give yourself a big pay day.

I love blogs myself . I love creating blogs that I know will generate traffic. There's many different ways to profit from such sites!

The real money is in the bank. That said, I think the best method is to build a long-term and sustainable business with multiple sources of traffic and multiple methods of monetization.

Lead generation into your own funnel with small priced products then small rebill, then larger rebill. sell rebill & mid ticket buyers premium offer. Use all the traffic strategies that are taught as MMO strategies (SEO, Paid Traffic, Social) to funnel into your funnel rather than just picking one and deciding you are an "SEO". <<---works errrrrytime

From my own experience i can say whatever you start to do - BUILD A LIST in whatever niche you start in.

You should set up a blog for yourself and start blogging. Build yourself online presence while you still starting out. Then you should start making info products and go from there.

I've done affiliate stuff and made money.

I've done product creation and made money.

I've done services and made money.

The key is to go into it, give it your all, and don't give up if things aren't going well. Also, finding an online work partner (JV) helps a ton, i've found some great ones here in the warrior forum.

Since you are a Newbie and interested in getting 20000/month...

Just a word of advice , the harder you work the more you are rewarded...

''Push Button'' Riches does not exist , its just a hype cooked up by a selfish GURU

Be catious in what you choose...

Take care
Faisal F

I am amazed with all the responses and i know that i need to work hard in order to achieve my goal, i also know that the "Push Button" riches don't work but i just want to create my self a plan so i know that my hard work will pay off. But i suppose i have to try everything my self in order to see if it works, if i fail then oh well, il start again.