This post will be addressing a few common issues with newbie’s who want to make money online but find themselves failing.
Even worse, they are getting the wrong impression of internet marketing and often associate online marketing with scams and pyramid type schemes.
They are of course wrong and there are several reasons why this happens.
HYIP (High Yield Investment Projects)
This looks so lucrative on the outside but in essence it is more of a scam and only part of the members ever get results. There projects are very short-lived and works on the fact that they need more and more paying members so the first ones can get their payouts.
Once system can’t recruit new paying members (aka your downline) the project gets shut down and you loose all money invested not to mention any promised interest and future profits.
Fail.
PTC (Paid To Click) and similar schemes
Paid to click sounds again like a very lucrative opportunity – all you need to do is look at ads for x amount of seconds or click on links and money is made. While it is true, money can be made this way – but you need to look at the other side of coin – the actual payouts.
Often one gets paid half a cent per ad view (usually 30 seconds), so at the best one can make 1 cent per minute or 0.60 USD an hour so if you do it 8h a day, you cold end making $4.8/day.
Problem with this is not only small rate per hour but also the fact that no-one can do this 8h a day, because these systems will not give you that many ads to view.
End result – well, you might get $10 here and $5 for a months work but overly you are wasting your time.
Fail.
JUMPING
The jumping syndrome is something that is characteristic to all new internet marketers.
They jump from one opportunity to another without actually giving the first one a proper go.
The thing is – it takes time to master a strategy and then apply it fully, often it requires much deeper research. For example – for many people blogging has made them a nice living and in some cases huge fortunes. But there are 10 times more people who fail.
They failed because they didn’t stick to the system long enough to master the strategy, didn’t produce enough content, didn’t use best practices and didn’t have a plan.
One week later they jumped onto video marketing, then article marketing, then spent $500 on PPC then joined next big MLM company, then decided to earn with contextual ads, then ran to email marketing, then to black hat SEO and so on and so on. Every time scratching just the surface and then running to the next big thing.
We know where it leads.
Fail.
The Solution
The simplest solution for you is to stick with MoreNiche, go trough the free marketing guides and video tutorials, set up a plan, review it with your affiliate manager and then MAKE IT HAPPEN!
Yes, it will take time and efforts but that’s the key to success.
Success.
March 3rd, 2009 at 5:44 am
Theres some really good advice there, especially the part about jumping. People are always looking for a shortcut or trick. The people that are making good money are the ones who are prepared to work at it.
I have recently sold my own offline business based in Nottingham, it was quite a large home improvement company. Over the eight years I had it I quickly realised that although I had created a money making machine it required effort to run on. The more effort i put in, the more money came out. This meant I had to do all kinds of things most people aren’t prepared to do such as cold calling (knocking doors for hours on end) and standing at car boots at the weekend to spread the word.
The great thing about the internet is come rain or shine or any hour of the day or night you can find customers for almost anything. There is always a market but you must be prepared to work hard and this means repeating over and over what works no matter how dull it gets. Every site you create is a seed, one which will eventually grow and might pay off.
Sales is a numbers game and to see results you have to play by the rules.
Peace out.
Karl.
March 11th, 2009 at 11:24 am
I would have to say… Jumping is MY own biggest problem! I come out of the gate with a WHAM-WOW attitude, build a site, promote the crap out of it… then within 30-45 days, I am bored with it and move onto something else.
Mark
March 11th, 2009 at 4:00 pm
Well, Mark, what happens after thee 30-45 days? I assume by that time you should start seeing at least some traffic and getting closer to sales if not made couple already.
March 14th, 2009 at 6:03 am
It’s the first time I commented here and I should say you give us genuine, and quality information for bloggers! Good job.
p.s. You have a very good template . Where did you find it?
March 20th, 2009 at 4:17 pm
dam! Dis blog rocks!! i just love it.. iT sure does makes me feel ALIVE!!!!
March 21st, 2009 at 2:33 pm
Hi im new in this kind of thing, this online marketing…and i have ne idea really, as of now. i made a little blog with all the products that im promoting, after making it.. what should i do next?? thanks…
May 11th, 2009 at 12:38 pm
Great site! I am loving it!! Will come back again – taking your feeds also, Thanks.
May 19th, 2009 at 11:10 pm
Very informative post! Normally I don’t comment on blogs but this post deserves it
May 27th, 2009 at 8:35 am
I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.
February 4th, 2010 at 11:58 am
Thanks for sharing that.