A Newbies Journey to Making Money Online (Part 4)

“Getting Started Series” (Part 1d) – A Newbies Journey to Making Money Online… Lessons Learned!

(…continued for Part 1c which you should read first)

I am sure that story ended a little abruptly for many of you, and I am sorry… but I know more than a few people that have had very similar stories to Johnny’s, and that’s how their making money online journey ended… they just gave up. I have spoken with lots of people that have started online businesses over the years, and many of them have had very similar experiences to Johnny’s. Some of them made it to a year or more, while others gave up in only a month, but their stories each ended the same.

Now I did not write this to discourage you from starting an online business, but I wanted to show you the fate of a large percent of the people that start out trying to make money online. Hopefully you can learn from Johnny’s mistakes (which we will go over) and that will “hopefully” help you in starting your online venture. So let’s go over some of the things that Johnny did wrong…

He jumped at the first thing that came along – Johnny did no research whatsoever when he started out. He typed in the search term, “Making Money Online” into Google and clicked on an ad saying he can earn $25,000 a month sitting on the beach… and he was sold. If Johnny were smart, he would have done a lot more investigating before jumping into any business. He could have visited blogs and forums to see what other ways people are making money online to see what the best fit for him was. There are lots of ways to make money online, and if you are looking to make a lot of money fast… it most likely will not happen as a blogger. I’m not saying you can’t make a lot of money blogging, because it is definitely possible, but it takes time and a lot of work… and it’s not for everyone.

He chose a niche he knew nothing about – Here’s a big mistake a lot of bloggers and internet marketers make, and Johnny did as well. Johnny chose a niche that he thought would make him the most money, even though he knew nothing at all about the subject. When starting an online or offline business you want to start one in a niche you really know well and hopefully love. One of my favorite quotes is, “Do what you love, and the money will follow”. Why not start your online venture in a business you are passionate about, so you can enjoy the time and effort you put into it?

He put no time or effort into choosing a domain name – Choosing a good domain name is a very important step when starting your business and Johnny put no time or effort into it at all. There are many factors to be considered when selecting a domain… which we will go over in more detail later in this Getting Started series. Let’s just say that Johnny’s way of grabbing the first domain that he found available probably wasn’t the best way to go.

He had unreal expectations – Okay… Johnny was a little mislead by the blogging course’s sales page, as he thought he would start making money online right away. He and every one of you just starting out (on your online adventure) needs to know that making money online takes time and effort on your part. There is no getting around it. There might be that one in a zillion person that stumbles across some huge money maker with not much effort, but the odds of that happening are like you winning the lottery. So before you get started you need to know that it will take a while until you start making a lot of money online and you will have to work to accomplish it… and not everyone will. As for me, I would recommend giving yourself at least a year before you see any significant amount of income coming in… especially for you bloggers out there.

He had no kind of schedule – When Johnny started out… he started with a bang. Some nights after he got home from his 9 to 5 day job he would stay up until 3am working on his online business. The next day at work he would be tired all day… which would make the job he didn’t like even less enjoyable to be at. What happened to Johnny happens to many new internet entrepreneurs. They start out working super hard, (putting in a ton of hours) and when success doesn’t come fast… they slowly start getting discouraged, and each week start putting in less and less time and effort into their business.

The smart thing to do is to create a schedule for yourself right from the beginning. Decide how many hours you want to put into your online venture each night and what days you want to take off… and try and stick to that the best you can. Maybe put 2 – 4 hours a night aside to work on your business and take the weekends off… it is totally up to you. Just don’t burn yourself out!

As a blogger you might want to put certain days aside to write posts and other days to leave comments and work on other tasks. It is a good practice to publish your posts on a consistent schedule, so your readers know what days to expect a new post from you. You can post once a week, every day of the week, or any amount in between… just try and keep it consistent each week.

For the internet marketers and the rest of you… you also want to create a schedule for your business activities. If you have a project that needs to be completed on a certain date… divide it up in manageable sections and give yourself a certain amount of time each night to complete each task. That is way easier then trying to get as much stuff as you can do… done in one night.

Throwing in the towel too soon – You hear these types of stories all the time… where someone was just about to give up on their business and it finally becomes super successful, and then others that gave up just before their businesses was about to take off. Now in Johnny’s case, could he have made his business work? Probably… but it would have taken a lot of time and a lot of effort on his part. I think it was better that Johnny stopped working on that particular project and hopefully he finds something to do that he really enjoys.

Hopefully you learned a few things from this story. I didn’t write it to discourage anyone from doing whatever they want to do to make money online. I wrote it to help you avoid some of the pitfalls that many new and old online entrepreneurs fall into when they start their online ventures.

Next in my “Getting Started” series I will go over some of the basics things you will need to know to get online business started like; how to choose your niche, registering a domain name, getting your domain hosted, what type of website you should start, some simple techniques to start making money online, etc…