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Have you been asking the question, "How can I make money online?"

Discussion in 'Making Money' started by GreyWolf, Dec 12, 2011.

  1. GreyWolf

    GreyWolf Executive VIP Jr. VIP

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    Virtually every 'Make Money Online' course, ebook, website, blog, etc. will explain the goal of internet marketing is to have a system that will make you money on autopilot.
    1. find a product or offer you would like to promote.
    2. create articles promoting that product or offer.
    3. get traffic to those articles.
    Laid out like that it really looks simple doesn't it? You can even do it with or without your own website. Just 3 steps to make money online!

    The better ebooks, courses and seminars add two extra steps to take advantage of an old marketing adage called the 'Rule of 7'. So, if you've been looking for the answer to "How to make money online?" then here is the formula to follow:
    1. find a product to sell.
    2. set up a website targeted for people who want to buy that product.
    3. entice visitors to submit email address for newsletter.
    4. use an email autoresponder to send series of newsletters promoting the paid product.
    5. set up a traffic campaign to get visitors to your website who want to buy that product.
    Those 5 basic steps give you a powerful (yet still simple) formula to make money online.

    At the basic level, it really is that simple. That's why online marketing appeals so much to the 'Get Rich Quick' seeker. The problem is that 'simple' does not necessarily mean 'easy'. Where it gets more complicated is in making sure each of those steps are done effectively.

    This is where the 'Get Rich Quick' seekers jump off the bandwagon and start yelling SCAM. As I said above, 'simple' isn't the same thing as 'easy'. While the 'Get Rich Quick' books do overhype how easy it is to get results, it's still a fact that this is a proven system.

    If you really want to learn how to make money online, you need to ignore the hype. There is no way that anyone can guarantee that you can make XX amount of money in XX amount of time. There are too many variables that have to be taken into consideration. Everything from how good you are at niche research all the way through how good you are at understanding the material and following instructions.

    The most important things you have to ask yourself are "What are your actual expectations?", and "How well do you understand what your actually doing for each step?".

    Your expectations will determine how long you'll follow through with the plan. If you expect to make $10,000 in two weeks, and after 3 weeks you still haven't made a sale then you'll probably give up and call it a scam, (That's usually caused by salespages making unrealistic promises). Even more importantly is how well you understand what needs to be done for each step. Even if it is possible to make $10,000 in two weeks, it isn't likely to happen unless you do everything exactly right.

    Your expectation shouldn't be to make $10,000 in two weeks. Instead, your goal should be to learn exactly how to do each step necessary for a successful marketing campaign.

    So, if you've been searching google, forums, blogs, ebooks, etc. for the answer to "How to make money online?", or even worse looking for "How to Get Rich Quick?", then you're asking the wrong questions. You've probably already found that answer over and over again, but keep ignoring it because that 3 step or 5 step formula I outlined above isn't complete enough for you to understand how to make it work.

    Instead you should be asking questions about how to do each of those steps; "How do I find a good product to sell?", "How do I find the best niche to market in?", "How do I set up a website that effectively promotes a product?" "How do I write articles that will lead a prospect to buy?", "How do I entice visitors to submit their emails?", "How do I get visitors to my website that are looking to buy?"

    If you search the BHW forum you'll find those questions and many more are answered for free in many threads on this forum.

    "How do I make money online?" is the wrong question. You just have to learn to ask the right questions. Finding answers to all those more specific questions are how you'll learn to make money online.
     
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  2. themidiman

    themidiman Power Member

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    Thanks for taking the time to lay it out for the new members here.

    You said something that I think is very important.

    "..Finding answers to all those more specific questions are how you'll learn to make money online."

    So many people turn to making money online, but forget that you will need to learn a shitload of stuff to become successful. I hadn't even realized all the stuff that I've learned, until I had to explain what I do to my new business partner.

    Failing at something is the best way to learn, the best way to fail, is to take action.
     
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  3. LongBanana

    LongBanana Regular Member

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    I agree with you Grey.
    And very well said themidiman. Learn from your mistakes, don't let them put you down. Get back up and try again.
     
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  4. padlock

    padlock Regular Member

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    Very well said, as always, GreyWolf.

    Unfortunately, most of the new marketers here will ignore this sage advice and go chasing after the next WSO promising them an unreasonable return with little or no effort. Just a tip: most of those WSOs are absolute shit. Sure, there are a few hidden gems out there and some contain some new tricks you probably didn't know...but if you spend most of your time reading these things and taking no action, you're just wasting your time. As GreyWolf indicated, being successful in IM takes patience and lots and lots of time.

    See, I did the same thing when I first got started many years ago. I chased too many pipe dreams and got frustrated when they didn't "take". I didn't really scream "SCAM". In my case, I beat myself up for not understanding the method and began to think "I'm just no good at this". Then, suddenly, I happened upon a method that I enjoyed (it was my OWN method - I didn't read about it an ebook) and I focused on it. I was patient and, lo and behold...the money started coming in. I then applied that BHW wisdom to "scale it up" and wouldn't ya know it? I started to make real money. I'm doing very well for myself now. But I had to get out of the mindset GreyWolf is talking about in his post.

    Listen to this man. If someone had told me this when I started out, I wouldn't have wasted nearly a year on bullshit. ;)
     
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  5. charmol

    charmol Junior Member

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    This is an excellent thread, rated 5*

    Hopefully it will help stem the tide of "how do I make money" threads...but somehow I doubt it will :(

    ~|ChaRoN|~
     
  6. skripel

    skripel BANNED BANNED

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    stop asking, read the forum
    there s more than enough information here to ask questions over and over again.
    pick your own way and start doing it, most of the time people just give up without finishing what they planed to do in the beginning. make yourself a schedule on what and when you should be achieving and do it
     
  7. gb5000

    gb5000 Regular Member

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    YEP!!!!!

    Every newb should read this! Good Job Grey!
     
    Last edited: Dec 13, 2011
  8. GreyWolf

    GreyWolf Executive VIP Jr. VIP

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    Yep. that's the point. How to make money online isn't some closely guarded secret. If that's the question you're asking then the answer is simply find something people want and present it to people who are willing to pay for it.

    As I said in the first post, the most time tested method for making money online is:
    1. find a product to sell.
    2. set up a website targeted for people who want to buy that product.
    3. entice visitors to submit email address for newsletter.
    4. use an email autoresponder to send series of newsletters promoting the paid product.
    5. set up a traffic campaign to get visitors to your website who want to buy that product.
    The specific ways of coding a website have changed some, but the marketing behind the content of your website is still based on direct marketing rules that have been taught for the last hundred years. The only part of that 5 step formula that's really changed much in the last 15 years is step 5. As new websites and platforms become popular the ways to find your prospects and get the traffic evolves to take advantage of them, but the basic formula always stays the same.

    So once you know the formula, you still need to learn and understand the marketing principles behind steps 1 thru 4, and then learn the various traffic generation methods available to accomplish step 5. You can even skip steps 3 and 4 for things like adsense and many CPA networks, but the marketing principles are still the same. Those marketing principles are what can make the difference between success and failure.
     
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    Last edited: Dec 13, 2011
  9. boom1

    boom1 BANNED BANNED

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    thanks and rep given, starting out on a new journey , great advice
     
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  10. seomerelin

    seomerelin Power Member

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    hi
    thanks,i have a blog of wedding dresses on blogger i am promoteing wedding dresses through this blog, i have visitors on this blog, no one buy these dresses
    can you tell what should i do to sell wedding dresses
     
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  11. dvega

    dvega Newbie

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    This makes total sense. Thanks for simplifying.
     
  12. YodaX

    YodaX Registered Member

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    Excellent post, thanks a lot!
     
  13. fitfat1947

    fitfat1947 Newbie

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    great advice to read on a monday
     
  14. Junkfood00

    Junkfood00 Elite Member

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    Sure some of the WSOs are shit as many say, but some of them are really good like scripts, themes, plugins, tools etc.
     
  15. Proximity69

    Proximity69 Newbie

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    Thank you for the interesting read, Im taking a step and getting 4 micro niche sites set-up with adsense, and if those go well Im going to start a small network of around 50 or so.
     
  16. awesome03

    awesome03 Registered Member

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    Very true. The question is too broad and there are countless answers.

    I'm sticking to 1 or at most 2 methods at a time and find answers to do it right. There is success in every method whether you do it as exactly as it is or with a twist.
     
  17. mutatedllama

    mutatedllama Regular Member

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    I remember when I used to search for "how to make money online". All I found was pages selling ebooks of how to make money online, most with an e-mail opt-in.

    Think about that guys... ;)
     
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  18. OnLust

    OnLust Registered Member

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    Thank you for the information.I am starting out and this tips are simple and precious.The problem for me is like someone said earlier its the marketing part , seo , ranking , etc.
     
  19. LeVadv

    LeVadv Newbie

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    Nice guide there but I think it's more like an inspiring thread rather than showing a way.
     
  20. utcontentarsh

    utcontentarsh Junior Member

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    good way to make monry online
    good idea