Not Making Money Online? 3 Reasons Why!
So, you have been in the online business a few months, or even years, and have not made decent money yet.
Tempting to jump to the conclusion that it is just because you have not yet found a good product to offer, right?
Well that is possible of course, but far more likely you have yet to grasp the finer points which form the bedrock for any successful online business, regardless of the particular product or service you are marketing.
The internet is not the place to learn these skills, as plenty of other articles suggest that you try this product or that service. And while some may be good, most won’t live up to your expectations as they claim.
If you want honest advice on how to make money online, then read on.
In fact, you are probably not making money online because you have yet to embrace one or more of the following three specific principles:
1.Time
Maybe you have not yet reached your personal expectations of success measured against your yard-stick, but how reasonable are your expectations? The chances are that your yard-stick is based upon most marketing gurus telling you that they make five figure plus sums of money each month with their product.
But what they do not understandably tell you is how many years of failed products and campaigns they had before they got it right.
They put their time in, and you have got to as well!
But, what you have got to be is BE SPECIFIC.
You are not specific if you spend time on Facebook or Twitter, or LinkedIn simply trading information off each other back and forth. That is not your network. Your network is people in the same general niche that you are in, but they have no affiliation with each other except that all of them know YOU!
You may get good product ideas from watching others, but don’t just copy their model — COPY THEIR SUCCESS!
Learn how to ask for the sale using a soft-sell approach while maintaining rapport simultaneously, which will lead to trust…..which will lead to loyalty….then onto massive sales when they want to buy from you again when you do recommend a product.
The next challenge is to stay ahead of the crowd, and this takes research. Keep up with trends and know when they occur in your particular niche. If you can’t be bothered, then many Fiverr gigs will give you that information for as little as $5 (See link in the sidebar)
Studying Google trends showed how the word ‘make money online’ peaked on 12th March, which coincided with people looking at their bank accounts after Christmas! That was no accident — it’s called trend watching!
If you get good at trend watching, then it’s time to start building your list. It’s absolutely essential if you want to make money online, so don’t underestimate its importance.
And don’t be disappointed if your first or second list or even your tenth one does not bring you the wealth you were expecting…..it can take time to build a quality list that is interested in buying from you, but just remember…
If they are not on your list, then they are NOT going to buy from you! So build a list now and demonstrate how good you really are at making money online ;-)
2.Patience is a Virtue
And once you have appreciated that online success does not happen overnight, you will need patience and resolve to stay the course until it does happen.
Patience is important in whatever business endeavour you may choose in life, and the online industry is no exception.
Develop enough patience to ‘dig deep’ when things do not work out — just keep pushing and knock the little challenges down one step at a time, and one day you will reap the rewards!
Resolve to keep doing your online activities — whatever it is you do, don’t stop at the first slip up.
The difference between success and failure in business is how well you respond to difficulties when they arise.
When things go wrong, you will need the resolve to carry on with the job even when you think about giving up.
Basically, patience and resolve are two of the most important characteristics for anyone setting out on an online venture.
These are good qualities for anyone starting out in life, not just those who try their hand at making money online.
The internet is an exciting place to make money. But it’s not always easy, and there are no guarantees that you’ll find success overnight. With patience and resolve, however, your chances for online success increase exponentially. That means if you’re looking for a way to get into the game or just want some guidance on how to succeed in this industry, read more here! We’ve got tons of articles about everything from blogging tips to SEO strategies-check them out today!
3.Knowledge is Power
How much time, effort and money have you spent building up your knowledge of the many facets of the online industry — particularly the niche you have been working within, and your competitors within that niche? No-one ever builds a hugely successful business or talent in any industry without knowing it inside out.
Sure you can start an online business on a shoe-string as a beginner, and with a little luck and guidance from a good mentor, maybe even enjoy some isolated success too.
But if you are aiming for the kind of sustainable profit the big boys make, have you committed the kind of investment in yourself that they did?
Have you spent upwards of four figures on trying out different systems, and upwards of five figures attending workshops and seminars offered by practising online millionaires?
If you have not, or you view that kind of investment in yourself as a waste of money that makes someone else wealthy at your expense, then maybe you need to review this area of your business plan.
Whether you’re an established company or someone just starting out, the advice in this blog post should be able to help you reach your goals and succeed as an entrepreneur. The tips we’ve provided will save you time, energy, and, most importantly — money! Don’t worry if all of these strategies sound good, but they seem too complex for now! Our team is here to provide personalized guidance on getting started with any one of our services from start to finish. Once again, if there’s anything else that might need clarifying, please feel free to contact us at any time via email or phone number listed below.
What is the best way to get started?
The best way to get started is by starting.
Regardless of where you are in your journey, it’s always easier to take action knowing what you want to accomplish and how you’re going to do it. Our team at Success Resources can help you with any or all of these steps, but here are a few guidelines that should help point the way forward:
* Productivity — Start anywhere! The most important thing is that you begin. The feeling of taking action will motivate you to work harder every day until your goal is accomplished. Once your momentum builds up, not only will your business succeed, but also this newfound energy for life will carry on influencing other areas too.
- Set deadlines — Deadlines for tasks and big projects really help to increase productivity. By giving yourself a deadline, you’ll be able to see your progress and identify any issues or problems more efficiently.
- Track your time — One of the best ways to boost your productivity is understanding how you work. What does an average day look like? How long do specific projects take? Understanding what works well for you will streamline processes and make it easier for you to accomplish specific daily goals that may have taken days or weeks before.
Once again, our team here at Success Resources can provide expert guidance on these topics. Contact us today if there’s anything we can do to help!
Of course a degree of cautiousness and considered thought before investing in the future success of yourself, and thereby your online business, is a must — it is important to ensure you will extract the knowledge you were expecting to gain from the purchase, but are you sure a little bit of cynicism is not standing in your way?
Knowledge comes from information, and whilst you can get some for free, the majority of high quality, up to date information costs money.
After all, you can bet a practising online millionaire spent a lot of time and money acquiring enough knowledge to have his success — why should he give it all to you on a plate for free?
Your Success Recipe for Making Money Online So, if you have been wondering why you have not been making money online, take another look at the three principles we have just covered and ask yourself honestly, are you forgetting an important ingredient?
Because sometimes, it is just that one pinch of something in the pot that makes all the difference between average and outstanding success!
