Design My Own Website

Posts Tagged ‘making money online’

Many people look to learn how to design their own website because they want to start making money online.  internet marketing and designing websites for the most part go hand in hand.

There are a few stats floating out there when it comes to succeeding in business.  Many people will say 9 out of 10 businesses fail.  These are brick and mortar type businesses from people who make the sacrifice and take the plunge.

9 out of 10 businesses fail

I would probably add that it is something like 99 out of 100 internet markteting businesses fail.  Why?  Because it is much easier to get into internet marketing so more people will try it!

What is missing is that mindset: that entreprenurial mindset.

Here are today’s top five internet marketing mindset tips for success:

1. It is YOUR business.  Treat it as such.

This is your baby.  It’s not a 9 to 5 job for someone else.  This means you will have to put in a lot of work, a lot of time, a lot of commitment to this.  Working at another company is like babysitting someone else’s baby.  This is your baby.  Don’t forget that.

2. Information overload!

Believe it or not there are MANY ways to make money with internet marketing and online businesses.  And even if you focus on one way, there are many methods to achieve that one way.  Because of this, as you are studying, it is very very easy to get distracted on the “next best thing”.  Experienced markters will tell you to “find that one thing that works and stick to it”.  Well, unfortunately it’s hard to know what is the one thing that works and it seems every day there is a new thing, a new e-book, a new course that pops up telling you how to do something.

Find something that makes sense to you, that you can do, and it is likely to work as there are many ways to succeed in internet marketing.  And if it doesn’t, then you can tweak it some more.

3. Beware the hype

As you start studying and educating yourself with making money online, you’ll find there are a lot of products out there.  If it sounds too good to be true, it is.  And beware of “invisible” sales pitches.  This means they leave out specifics on how to accomplish making money and simply say “just a few clicks” or “just copy and paste”.  And if they promise immediate five figure income, beware!

4. Patience, commitment

Just compare your online business to a brick and mortar store.  A regular business will take thousands of dollars in startup costs.  They may take three to five years to break even or make money.  The hype in internet marketing may make you impatient to be making money now since you hear so many stories about it.

Patience, Persistence, and Commitment Lead To Success

So just be patient.  It costs very little to run an internet marketing business online, and you are likely to make money much sooner than a brick and mortar store.  Give yourself a few years of persistent work at it before you toss in the towel on internet marketing.

5. Don’t give up your “day job” and work multiple streams of income.

Let’s say you are making $60K a year at your job.  Let’s say you just had a $5K month in internet marketing (which equates to a $60K annual salary).  I have been told (because I myself am not there yet) to remember not to give up your day job until you can make that type of income consistently for at least six months.  There are ups and downs in internet marketing.  Make sure you do not AVERAGE IT OUT either.  Make a minimum of $5K for six months straight.  Then you can think about it.

The internet is pretty funny and sometimes in the blink of an eye you may get a major portion of your income taken away.  Your affiliate accounts might get closed suddenly.  For exampe, Amazon closed all their California accounts with only a few days notice in response to a bill the governer just signed.  Another example: your Google adsense account might get banned suddenly and without warning also. This is why it’s important to have a variety of incoming revenue.  And this is why it’s important to be very cautious about the money you’re making before you do quit your job.

Hope this helps!  To your success in internet marketing!