Jul 26
Digg
Stumbleupon
Technorati
Delicious

How to Make Money Online: Some Warnings

BELIEVE.

It’s as simple as that.

If you want to make money online, you have to first believe that you CAN make money online.

If you think everything out there is a scam, or only works for the “gurus” or [insert negative outlook here] then you’re probably right. It probably won’t work for you. Go back to your j.o.b., continue hating your boss and get off my website, get off my mailing list.

In fact, there are so many ways to make money online I’ve got notebooks full of to-do’s, ideas and potential products all waiting in the wings for me.

Take a product like Social Media Riches, contribute some content to the sites inside and you will make money. If you look at the salespage and say, “Wow, that’s bull, there’s no way that’ll work,” then, duh, it won’t. Since you won’t act on it.But this post isn’t about Social Media Riches or any other particular program or method.

Take blogging, for example. There’s all kinds of tutorials on how to make money blogging (perhaps I’ll review my favorites in the future). The biggest mistake people continue to make, despite being warned over and over not to do this, is to write a crappy blog on making money online when you’re the biggest n00bie on the block.

That’s nothing against being a noobie, it’s just apparent in reading a newbie’s writing that they don’t know what the heck they’re taking about. So no one is going to buy from you. Plus, you site won’t rank well since the site is new, you’re new and no one gets any value from your writings.

That said, I’ve seen newbies do interesting stuff along the lines of, “I’m new to internet markeitng and will be sharing my journey.” Nothing wrong with that, and one can develop a great community of people starting out together with a blog like that. But if you’re trying to appear as an expert when you’re not, people will see right through you.

So, if you want to make money online by blogging and you’re new to IM, pick a topic that’s NOT internet marketing. Then update frequently, establish yourself on a social network or two as an expert in your niche and go to town.

Don’t get involved in multi-level offerings that sound too good to be true, despite all the “proof” you’re shown. MLM really only works if you’ve already got some clout. So don’t set yourself up for disappointment.

Spend some freakin’ money. You do need to invest in your business. Tools make things easier. Don’t go buy every whiz-bang you see mentioned if it doesn’t fit in with your current objectives, but get some good web hosting (don’t reply on free sites or Squidoo or MySpace or whatever to host your page, although they should be a part of your overall strategy) and a reputable ebook or software that really fits in with what you want to do online.

Finally…

Do not expect the world to be handed to you on a silver platter. Expect to do some work and expect to have to figure things out on your own at times. Expect frustration. Then fix it and be proud of yourself for what you’ve accomplished.

But most of all, believe.


Author: Michelle MacPhearson

15 Comments

George
July 26, 2007

Excellent advice. There are tons of ways to make money online, you just have to pick one and stick with it. I just stumbled this and I am going to write about this post on my blog tomorrow.

Really excellent advice! Glad I found your blog.

Alan
July 26, 2007

Very good post Michelle. Believing in your idea is so important in ANY business, online or offline. It’s also about having passion about what you’re doing as well. If the primary reason a person has for setting up a site is just money, that’s going to show and it will put people off. The real winners in the long term will be those individuals with the belief and the passion who actually provide good, original content and are experts in their field.

Alan

Chris Stark
July 26, 2007

Great Advice Michelle. I think the worst mistake someone can make starting out in online business is doubting they can do things and not working as hard as they can to get things going. If you really want to make money online it takes effort and endurance.

Cheers!

[...] want to subscribe to my RSS feed. Thanks for visiting!Michelle MacPhearson posted an interesting article on her blog in which she gave newbies a few tips on making money online.  The post is [...]

Shannon
July 27, 2007

Hi Michelle,

Thanks for the article. I appreciated the honest straight forward approach. :)

Have a great day,
~Shannon
http://www.s-cole.com

Tom Spanton
July 30, 2007

Many times people will choose a business instead of a passion. Instead, you should follow your heart - find something that you love to do and do it so well that success will follow. Here’s one of my favorite quotes “”To accomplish great things we must not only act, but also dream; not only plan, but also believe.” - Anatole France. Tom, TRCoach

vanne
July 31, 2007

Great article Michelle. I’m a newbie too.
I’m going to share this in my website at http://www.edisonlim.com and hope u can give comments on how to improve my site. TQ

[...] feed or sign up for free email updates. Thanks for visiting! Michelle MacPhearson lays out some warnings about making money online. The ‘make money online‘ niche is over saturated and the truth is, most of the bloggers [...]

Glen Allsopp
August 5, 2007

Excellent post Michelle. Although a lot of people have no clue It can be hard for people who do know how to make money online seperate themselves from everyone else, thankfully I have some killer posts lined up :P

Subscribed to your feed

Imutopia
August 6, 2007

Nice post, i think that making money online is more of a mental concept. If an indivdual believes something then he or she is usually right about it as the saying goes.

Angela
August 6, 2007

The challenge for new Internet marketers is that it’s all theoretical until they make their first dollar.

Unfortunately, instead of thinking, “I’ll start off making $5 a month, then $10, then $100″, they want to leap in and make $1000 a week, without any marketing experience at all.

Persistence counts. And so does your excellent point - “Spend some freakin’ money. You do need to invest in your business.”

Excellent article.

Cheers

Angela

Kam
August 9, 2007

great advise def. takes hard work and time to many money online but if u are willing to make the effort you will see results

Marc
September 14, 2007

I’ve got a nice little passive income generator working for me right now, so I dont have to remind myself that I believe. I KNOW from my own experience.

My difficulty is distractions getting in the way of implementing what I’ve learned. I need to split into two people, one to investigate new (to me) sources of info like this site, and another to actually get some real work done. I’m supposed to be writing an article right now, but instead…

Prince.Cool
September 19, 2007

Great post Michelle. There are tons of ways to make money online, you just have to pick one and stick with it. Making easy money online is possible but needs work based on the right information. :)

Very well said Michelle. It seems there are people who throw up blogs and sites, toss a ton of banner ads on them and think that’s all it takes. If making money were so easy, everyone with an internet connection would be millionaires :) Thanks again.

Comments RSS TrackBack Identifier URI

Leave a comment