No One Can Tell You Exactly How To Make Money Online, You Just Need To Do It
Personal Development, Scattered Thoughts November 9th, 2007If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
If you’re reading this blog, or a number of other blogs about making money online, with the hopes that they will tell you exactly how to do it, you’re looking for something that isn’t there. There’s nothing wrong with reading blogs, forums, and ebooks for entertainment, to keep up with the latest news, or to get some ideas, but relying on it alone will not help you to make money online. You just need to get out there and do it.
I’m sure you have heard the saying “success breeds success,” but you probably aren’t taking advantage of it. If you commit to doing something towards making money online, and really take action, even the smallest successes will give you a boost in confidence. This, in turn, will lead to more ideas, more trials and errors, and more successes. You will eventually get to the point where you know what you are doing and are able to adapt on your own to the rapidly changing internet.
And being able to adapt and form your own conclusions is one of the biggest advantages you can have. Many people aren’t going to be sharing what is working for them right now. They might be sharing principles that are tried and true or exact strategies that worked in the past, but to really get an advantage, you need to have the ability to think for yourself.
Now, when I say get out there and do it, I’m not just talking about affiliate marketing. It’s ridiculous how many things you can do on the internet to make money. Some of them might be beyond your skill set, but what is stopping you from learning those new skills and applying them to multiple areas of your internet business? So here is what I propose that you do today to ensure that you are making money online in the immediate future.
1. Choose One or Two Strategies
You don’t want to spread yourself too thin by working on too many ventures at once. You can always automate and outsource them once you get them up and running, but for the crucial times when they need your attention, you must stay focused. However, just choosing one may not be enough for some people. There will usually be periods of waiting or burnout, so being able to concentrate on two ventures will add some variety.
Some viable online business strategies would be blogging (obviously), PPC affiliate marketing, user-generated content sites, free service-based sites, paid service-based sites, resources sites, communities/forums, e-commerce stores, paid membership sites, product development (ebooks or software), freelancing (writing, design, programming, etc), eBay selling, consulting, and probably many more.
Choose one or two strategies that seem appealing to you and commit yourself to making them work. Depending on your own motivational factors, you could set high goals that are just beyond reach to really push yourself or you could set small goals that are constantly achieved to boost confidence.
2. Get Something Up and Running
Even if you don’t quite know what you are doing yet, it is important to just get started. Think of it as a learning process. One of the great things about the internet is that the cost of business is extremely low and everything is very flexible. There is nothing stopping your from rapidly changing your business plans and structure.
If the task at hand is too far beyond your skills, you could hire someone to do it for you, or you could consider taking on a partner that compliments your skills. Whatever you do, you can’t let anything stop you from moving forward. Make sure you are always making progress, even if that progress is simply learning new skills.
3. Always Continue Your Education
We focused on getting something started before learning how to do it because education can paralyze you. Books, training courses, and classes are great for gaining new knowledge and learning how to do new things, but they themselves do not help you make any money. I have seen countless people get stuck in the trap of learning, learning, learning, and while they are gaining a ton of knowledge, they aren’t making any real world progress.
But, you should always be learning, just do it as a supplement to the things that grow your business. If there are particular tasks within your ventures that you are having trouble with, spend a lot of time on, or have to outsource, consider learning them yourself. You will gain a better understand of the requirements, which will help you when delegating the task, and you might even gain the ability to do it faster.
Outsourcing is great, but it takes time. You have to submit a project, get bids, choose a bid, communicate, wait for delivery, go over revisions, and repeat those last two step. It can be much faster if you or a partner can do the work on your own. I only outsource things that I don’t have the time to do or simply don’t want to do, I never outsource something that I can do quickly and effectively for myself.
4. Monitor What Works and Keep Doing It
Continuing with “success breeds success,” when you have an online venture in progress, you are continually trying new things and getting your own feedback on what you did right and what you did wrong. Use this information to train yourself how to be successful. This concept is very simply but is often ignored. When something does not work, ask yourself why it didn’t work and figure out how to adjust it. When something does work, ask yourself why it worked and figure out how to repeat and apply to other avenues.
This is where the real learning occurs. This type of learning is on a very personal level because you are analyzing tings that you yourself have done, not things that other people are saying they have done. With enough experiences, you will develop a very strong sense for success and will be able to explode your growth. You can’t properly tell other people (contractors and employees) what to do until you know exactly what works. If you don’t know for yourself what works, and are spending money based on what you have heard, there is a good chance you won’t recover your costs.
5. Never Stop Working Hard
This last step is the most important but is also the most difficult. It is way too easy to start a business on the internet. These days, with software like Wordpress, anyone can have a new business (website) online in 15-30 minutes. The hard part is sticking with it for the long run.
As you probably know, the beginning growth stages are usually very slow and mentally tough. This applies to all of the make money online strategies above. It takes time to build brand awareness, authority, market confidence, contacts, traffic, and ultimately, revenue. However, if you consistently work hard on your business, you will see incremental results in the beginning which snowball into exponential results with time.
Start Now, Don’t Stop, and Keep Reading
I know I said in the opening paragraph that you shouldn’t be reading blogs, forums, and ebooks with the hopes of learning exactly how to make money online. I didn’t meant stop reading them all together. Getting inspiration from the experience of others is extremely valuable, it just isn’t as valuable as actually taking action and making your own experiences.
When reading tips and advice online, take them as just that, tips and advice. Don’t keep searching for a step by step strategy that will guarantee your online success because your are the only element that can guarantee that success. Read the words of others to gain ideas, strategies, and inspiration for your own, existing ventures. To do this, you must already have an existing venture in place, otherwise you are just wasting your time.
November 9th, 2007 at 2:15 pm
That has been my experience exactly. I started my blog just to get things going and learn. I applied to affiliate networks, Google AdSense, Google AdWords, etc. etc. I am now working on a project who sole objective is to make a profit.
At the moment, I am making zero, but I am also 100% convinced the profits will come. It’s just a matter of time in the saddle at this point.
November 9th, 2007 at 6:09 pm
That is so true. Although education is essential, people just need to jump in and start doing it. They will make mistakes but they will learn so much more!
November 9th, 2007 at 11:25 pm
I seems there always has to be a balance between the work and the learning like you say. If you learn all the time, you will never have time to do. But if you work all the time, you will get left behind. The internet landscape changes so quickly.
November 10th, 2007 at 1:47 am
Stephan: Good point
Derek: I did exactly that recently and took action. I made $80.. but then the campaign seems to have slowed down lot (low CTR and increased minimum bids resulting fewer views in a day). I was feeling a little challenged. Your post refocused me on taking CONTINUAL ongoing action. Thanks
I however am still not sure what is causing my minimal bid price to go up. The Page quality score is at ‘OK’ or ‘GOOD’ but the keyword quality score is low. Which I dont understand especially since the keyword is my headline and the adcopy is relavent.
Do you know why that is the case?
-AnotherAmit
November 10th, 2007 at 10:36 am
Oh this is so true! When I looked at where my time went in October I was horrified to find that I had spent way more time reading about making money than actually doing anything about it.
Not only that but even when I did get started, I spent far too long researching niches. I put a post on my blog yesterday about just needing to get on with it
November 10th, 2007 at 10:43 am
[…] No One Can Tell You Exactly How to Make Money Online, You Just Need to Do It from Derek Beau. […]
November 10th, 2007 at 12:04 pm
Just DO it….jeez I must need to hear this because for the last week I keep being gently pushed to get out of my head and into action.
Thanks for the reminder (again)
November 10th, 2007 at 3:52 pm
I was buying, reading, studying and dabbling for years and getting nowhere. After thousands of dollars spent and thousands of hours wasted I finally started doing. It was at that point that I REALLY started learning and making money. It took me years to realize the same thing that you just stated in this one post. It’s really important and most gurus won’t tell you this, eveyone should read it over and over until it sinks in.
John T
John T
November 10th, 2007 at 11:46 pm
knowledgeable post. you already cover a lot so i won’t comment much just 2 quote from one famous man.
“Action is the real measure of intelligence.”
Napoleon Hill
“Do not wait; the time will never be “just right”. Start where you stand, and work whatever tools you may have at your command, and better tools will be found as you go along.”
Napoleon Hill
November 11th, 2007 at 12:04 am
Just get started and keep learning and testing and tweaking to see what works. I agree that educating yourself is THE most important thing as you will develop skills that no one can take away from you.
Also, if you fail at one strategy, don’t be afraid to move on to try something else but at least give it enough time and effort before abandoning it.
Start small and grow. Start today. Start NOW.
November 11th, 2007 at 1:50 am
I completely agree. I started Keybookshop.com awhile ago and had little to no sales for a few months. However, by being patient and consistent the sales have started. Waiting for the perfect time will never work.
Thanks!
November 11th, 2007 at 4:36 am
Words of wisdom.
I was like that too; just reading books and not applying.
Only when I started my blog do I realize that theories can only do so much. Action based on the theories reinforce the experience and knowledge gained. It is only then that real growth starts to kick in.
Good article Derek! Thumbs up!
November 12th, 2007 at 12:17 am
Man, if I just had a dime for every forum thread that I responded to looking for the exact way to make money I wouldn’t have to be affiliate marketing anymore.
I finally got it through my thick skull that I was going to have to think a little on my own and start experimenting. Looking back on it, the time I spent responding to those stupid threads could have been much better spent writing articles, headlines, etc… I have a collection of those “How I make $10,000 every nanosecond” ebooks. If I ever wanted to print them all out I would have toilet paper for a decade.
November 12th, 2007 at 1:44 pm
You’ll never learn to sail if you stay in the harbor. You need to take a step, even it’s small and you fall down.
A little over a year ago I didn’t know a dang thing about blogs, selling products, html, affiliate marketing and now I have several products I’m selling, can write html and some CSS, have a blog, some websites, and moving forward.
You have to read and then apply it, make mistakes and learn.
Read Derek’s blog posts and make it happen. Some of the best info you can read!
The Little Red Caboose said “Yes I Can”
November 13th, 2007 at 10:52 am
how old are you?
I am asking because this is HANDS DOWN the best blog post I’ve read this whole year of 2007 and my google reader is chock full of blogs that I subscribe to.
And 99% of the blogs I subscribe to?
MAIN THEME:>>>>How to make money online!
And this post described exactly what I do.
Reading to see if someone will post exactly how they make money.
It never happens, of course, and that is why I still got my 9-5.
I just wanna thank you for this very inspirational post.
Keep up the good work!
November 13th, 2007 at 4:50 pm
[…] who is struggling to make money online? The three best tips to help you make money online are to just get started, put all your efforts into it, and learn from your experiences. If you focus on those three things, […]
November 14th, 2007 at 7:39 am
You can check some forums on the internet and you will see that ebooks are sold and ppl. purchase and even give their testimonials of these systems to be working. Every money making idea has a process which needs to be followed and copied
December 23rd, 2007 at 5:13 am
[…] Beau reminds use that if you’ve got money making on your mind, you just need to do it. Just start somewhere. Pick a strategy and go. Review your results, make changes and keep trying. Never give […]
December 23rd, 2007 at 5:14 am
Thanks for the straight dope! You’re right. So far I’ve pursued three different strategies. The first nothing, the second & third are starting to see some income. It just takes soem action on your part.
I’m featuring this post on this week’s Sunday Seven so feel free to stop by!
January 16th, 2008 at 6:02 pm
Just dont read how to make money online, just act do something, make own blog and write valuable content
March 18th, 2008 at 8:18 pm
So true!
In just about any other business you start you usually go in having a business model that you’re fairly certain is going to be successful (if you did your research anyhow)…
I don’t think that’s the case with any form of internet marketing. There’s always an air of doubt at the outset if you ask me.
I think most if us when we started out were like: “Is all this hard work going to pay off?” and we’re always skeptical.
So yeah we get stuck looking for info that like you said doesn’t exist…
April 10th, 2008 at 5:16 am
[…] No One Can Tell You Exactly How To Make Money Online, You Just Need To If you’re reading this blog, or a number of other blogs about making money online, with the hopes that they will tell you exactly how to do it, you’re looking […]
May 11th, 2008 at 3:28 pm
Thanks, Derek.
I needed that. Too much “getting educated”, too much analysis paralysis. If you read the sales pages of the guys that publish How-To-Make-Money-Online ebooks there is one thing they say that is common to all of them. “I kept trying and testing things and for months nothing was working and then suddenly hit upon [insert name of magic formula here] and I made buckets of cash”. I think without realizing it they are revealing the *real* secret of success in their sales letters.
August 28th, 2008 at 12:46 am
You won’t know what works or not until you try it yourself.
Even when you understand something, it’s pretty hard to implement it.
So “just do it”
October 3rd, 2008 at 3:16 pm
true. sometimes just getting started already puts you ahead of others who have thought of it, but haven’t yet taken the first step.