In order to make serious amounts of money online, you need to the most amount of work for the least initial return, not the least amount of work for the greatest return. Translation — major amounts of pain. That’s also the problem with how affiliate marketers, network marketers, and IMs attempt to sell you the “dream,” so to speak.
Making money online should seem like a pleasurable activity. Why wouldn’t we do just about anything to see things through, since it would be a major source of pleasure, right? Wrong. In the beginning, like anything else, we might get really excited about it. We might also set our hopes very high. But that all comes crashing down when we begin to fail.
When people buy into the hype, they set their expectations extremely high. All they need to do is send a few emails out, and voila, instant millions overnight. Well, clearly it doesn’t quite work like that. The issue at heart is that we will always do more to avoid pain than to gain pleasure in the short term, not in the long term. The human mind is hardwired to avoid pain in the short term, not in the long term. It’s part of our survival instinct.
Every successful business and person has delivered a tremendous amount of value at the outset. They did the most amount of work, and they inspected every detail meticulously, to ensure that they were doing right by their customers. As long as you keep that in mind, and you don’t look for a quick buck, you’ll succeed in the long term.
Find your niche — Figure out what you’re good at or what you want to be good at. You don’t need to be an expert right now, but you do need to decide where you’re going to fit in if you’re at all serious about making serious cash in the long term.
Build a blog on a custom domain — Your blog is your virtual home. Without it, you’ve no place to filter all that traffic and people interested in what you have to say. But don’t build a blog on a subdomain like yoursite.wordpress.com, create a blog with a custom domain like www.yoursite.com.
Always add value — Adding value over time creates authority, and authority breeds trust, which in turn helps to grow your audience and readership. Without a significant following, you’ll find it hard to gain any traction online. It simply takes time.
Create an email list and treat them right — One of the best ways to make money online is by marketing to an actively-interested group of email subscribers. While most people think that email marketing is dead, that’s far from the truth. This is your greatest potential source of income online. Think of it as your money tree.
Don’t sacrifice morals for a quick buck — At the outset, you’ll want to do all sorts of things to make money online, but don’t sacrifice your morals for a quick buck. Not only will you put people off, but you’ll lose Google’s trust. You also shouldn’t concern yourself with things like Adsense or other ads on a blog before you have around 100,000 visitors per day. Yes, per day.
The point? Think about the long-term results of your activities. It will seem frustrating in the beginning. Then again, everything worthwhile is going to be difficult. It will take time. Stick it out and don’t give up.
Build A Blog
One of the most exhaustive endeavors when it comes to making money online is to build a blog. But we all know that building a blog with real readership is difficult. It takes a lot of work. And I’m speaking from experience. However, once you reach a certain point, the progress and momentum sways in your favor and it becomes far easier.
Blogs can easily generate tens of thousands of dollars to hundreds of thousands of dollars per month when done right. Yes, that much. But it won’t be easy to get there. However, looking back on it, a year from now you’ll wish you started today. So why wait another moment?
Email marketing is at the heart of every successful endeavor on the web. For those serious about making money online, email marketing is certainly where it’s at. But it has to be done the right way. Before you even try to market anything to anyone via an email list, be sure that they’re people that subscribed and opted in directly to you.
When you try to market to people via email out of the blue, you won’t find as much success. But, if those email subscribers are actively and keenly interested in what you have to say, and they signed up directly through your blog or site, your success rates will be much higher.
Source: RL Adams, Forbes