In today’s era, there’s so much opportunity available to us, an abundance of wealth, all sorts of technology and info you need right at your fingertips… (there isn’t any secret)
…yet have you ever wondered why the success rate to make money online is so low?
Why is it so? An industry where everybody wants to participate in, the barrier to entry is extremely low, the benefits are tremendous, the drawbacks are still minimal… but it still takes some people many months, or years to actually make their first 100 dollars online.
Or worse yet, some never make a single penny at all. Obviously, there’s a discrepancy.
Making money online is NOT something unusual…
There’s a lot of profits to be made on the Internet (true), but at the same time there’s a lot of noise too. Every week, there seems to be a proven method, program, tactic, strategy, that will make you money. People are telling you what you should and shouldn’t be doing.
It’s really easy to get distracted with this bright shiny thing and that bright shiny thing. It makes you feel overwhelmed, hard to concentrate, hopping around from this method to that method, and you may end up achieving nothing. Have you ever felt like this before?
Your Prerequisite: Kick-start with the correct attitude
“The greatest day in Your life and Mine is when we take total responsibility for our attitudes. That’s the day we truly grow up.” — John C. Maxwell
Keep in mind that if you really want to make money online for long-term, you must lay a proper foundation to do things the proper way from the beginning. Here are 3 core steps which you can begin with and immediately put into action. (Please DO NOT skip them!)
- Spend time alone to reflect each day: Understand that everything leading up to now has been for you to learn and experience. This could easily be overlooked. You are already in a better position compared to where you started, take this chance to quickly reflect back. It doesn’t matter how long you have been trying to make it online, but be grateful for ALL the learning experience.
- Work on correcting your own mindset: Apply the Law of Attraction or any other paradigms you know. Commit to one and put it to use habitually. Be as specific as possible, with a set of days and time slots for it.
- Always track your time: Time tracking is super important. Make sure 90% of your time is devoted to ‘money-generating activities’. Activities like educating yourself or studying information won’t make you any money.
Notice that the prerequisite steps have nothing related to ‘money stuff‘, but these steps are imperative and will help you set a solid foundation for building a profitable business.
Once you have the proper attitude, it’s time for you to start developing your masterplan.
Your Requisite: Developing your ultimate masterplan
There are 3 core ingredients you need in order for you to start making real money online: monetization path, targeted traffic, and a duplicatable system. Don’t worry, they’re not as hard as they sound. Let’s examine each of them in detail…
#1 Choosing A Monetization Path: You need to know which route you’re going to take. Do you want to become an affiliate marketer, or would you prefer to become a product creator? You could also choose to become a service provider. Those are your 3 options.
Product creation is the most profitable path. You can do it in virtually any niche (not just make money niche), but this is also the hardest path of all. You create your own product and use creative ways to market them online. This can be automated most of the time.
The other great option is to become an affiliate marketer. All you need to concentrate on is promoting offers. There is no need to fulfil expectations or delivery a specific product.
As for becoming a service provider, refer to this old post: Make Money as a Freelancer.
#2 Start Building Targeted Traffic: There are a few major sources of traffic and they all work. If someone tells you something different, they are trying to sell you something.
Think about PPC, PPV, SEO, social media or media buying. Choose ONE method and commit to make it work. Once you start getting traffic, then look into other traffic options.
Start by sending a small amount of traffic to your chosen #1 Monetization Path. Track everything you do. This allows you to analyze the results, tweak your progress, and test again. This is an ongoing process – while doing that, you can proceed to the third step.
#3 Systematize And Duplicate What You Do: Break down all the things you do into steps and create a flow diagram from there. If you have difficulty in doing so, then you haven’t got a system in place yet. Please take the time to list down the steps to getting #2 Targeted Traffic and make your #1 Monetization Path generate income for you.
You need to be able to take someone through your steps without getting them confused.
After getting a system planned out, you will start seeing yourself become more profitable. Now you can focus on optimizing your whole system. This is about finding quicker, better and more effective methods of doing things. You can’t do this if you don’t have a system.
Look for the bits in your system that you can leverage more. Look for the areas with the most impact on the preferred outcome. If some of the parts can be automated, you can focus on other parts which are more important. Keep the entire process going and in the long run, you’ll have an online business that operates, grows, and succeeds on its own!
Sounds too daunting to you? Well, it’s really not…
*** Repeat the entire process in Day #3 for Day #4, Day #5, and Day #6.***[Day #7] You should be able to start systematizing your process. Identify those that work and those that don’t. Only duplicate the steps that help you succeed. [Day #8] Focus on constantly driving targeted traffic to your monetization path. Ensure campaigns are optimized. Automate your system as much as you can.
The masterplan that I’ve just revealed will help you to get things started the proper way and make money online. Let me know your thoughts, I look forward to your comments.
Comments on this entry are closed.
Don’t have a website URL. Please Advise
Thank you Km for the good article. The advice you gave are gold. Focus , organize and patience are pillars to be successful.
I’m ready to be successful in making lots of money, can you help me?