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IM Success: Luck, Skill or Both???

Discussion in 'Making Money' started by Elliot305, Jan 18, 2014.

  1. Elliot305

    Elliot305 Jr. VIP Jr. VIP

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    I've been seeing more and more threads lately about people not having success with IM and wanted to talk about luck vs. skill. In a broad sense, we are all lucky to even have the ability to try to make money online. 10 years ago the IM landscape was completely different. It's a pretty cool idea to even have a chance to sit in front of a computer and turn it into an ATM.

    So let's talk about luck vs. skill, or expand that even further and include luck vs. effort too. A skill doesn't have to be some tangible thing like a diploma saying you're qualified in a certain area. It doesn't have to be that you know how to build websites, be good at SEO or create your own tools. Sure, it helps but isn't a prerequisite to you succeeding. Having any IM related skill is important but isn't the first part of getting something going. If you're just starting out and feel you're lacking in a lot of skills, don't shy away from challenging the world of IM...that's where luck and effort come into play for you. Although I've been in the game for over 7 years, I myself, lack technical skills and just outsource most of it.

    The two main ingredients on whether you're going to succeed will be luck and effort. I want to talk about effort first. Effort isn't just repeating the same unsuccessful things and assuming it will eventually work after enough trials. It's looking for variations, adaptations and implementing different approaches to whatever you're doing. Effort is thinking outside-the-box and not just reading what someone said would work but actually using their information as a guide for you to come up with brand new ideas to think for yourself. Effort is inspiration, imagination, passion and being persistent. Effort doesn't have timelines. Let's say someone put in just as much effort as you have but is now killing it while you're still grinding away trying to make your first dollar. Well, that's where luck comes into play.

    When I use the word "luck" in the context of IM, I'm not using it as a negative connotation. Luck is something we've all experienced on one level or another. Like I said, luck doesn't have a time-table nor a random number generator like a slot machine. You don't hit the luck jackpot. Luck is a circumstance that is predicated mostly from the effort you have put forth and the awareness of your situation. In other words, you need to put forth enough effort in order for you to be in a position to be lucky. You need to know what the possibilities are and what gives you the best chances for success. Just like you won't hit a luck jackpot, you can't keep doing the same unsuccessful things and hope the luck fairy will magically change your conversions, clicks, rankings, etc... That's where testing comes into play with your campaign, project or whatever.

    I have had a ton of lucky spots I've been in but none of those have been due to just luck alone. It was putting myself in a position (from effort) to get lucky and being aware of the situations/opportunities that were presented to me which I capitalized on. Without understanding those lucky spots, I would have missed them completely. Of course, there is always blind luck that some people just fall into money making opportunities without even knowing what happened. Those are few and far between. Luck is an intangible asset. Put yourself in situations to be aware of it via effort and you won't consider it luck at all.
     
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    Last edited: Jan 18, 2014
  2. skinnyboi

    skinnyboi Regular Member

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    Anyone constantly trying will eventually have things line up. Lazy people get no luck, they get f****d
     
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  3. BIGBIGBIGMamas

    BIGBIGBIGMamas Power Member

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    "Luck is the residue of design..."
    ?Lao Tzu
     
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    Last edited: Jan 18, 2014
  4. pixelgrinder

    pixelgrinder Jr. VIP Jr. VIP

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    "I'm a great believer in luck, and I find the harder I work the more I have of it"
    ― Thomas Jefferson
     
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  5. siihihi

    siihihi Regular Member

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    Nice write up! I believe that IM success comes with hard work and with that only. Example if you found a great keyword you still have to work to make your site live.
    Personally I started with 200€ to register a business and a lot of hard work.. now I have two employees and it still takes hard work to scale it up :)
     
  6. ok888

    ok888 Jr. VIP Jr. VIP Premium Member

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    I have several life changing opportunities/lucky spot presented to me but didnt end up capitalizing them to the full potential and end up with nothing but hate

    Dont get me wrong I made a fortune when these lucky spots occur but when people makes ton of money they tend to be in La La land and wasnt thinking clearly

    After reading this post im going to mark it down when the next lucky spot presented me again I will hold it real tight and lock it down to squeeze the most out of it
     
  7. luckyhunter4ever

    luckyhunter4ever Registered Member

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    Its not only luck and skill , its dedication too .
     
  8. Elliot305

    Elliot305 Jr. VIP Jr. VIP

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    As explained in my post:
     
  9. chwiny

    chwiny Newbie

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    It's both like with anything in life. It's not giving up when you don't see automatic results. That's 99% of society.
     
  10. darkjolly

    darkjolly Junior Member

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    What you put into IM is what you'll get out. Simple as that.
     
  11. Paper-Boy

    Paper-Boy Elite Member

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    [​IMG]
     
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  12. netmatrix

    netmatrix Regular Member

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    ^ This ^

    If you want something in this world, do whatever it takes to make it happen. Take responsibility when you Fail AND accept the accolades when you Succeed.

    To succeed you need drive, discipline, dedication, determination, motivation, inspiration, everlasting belief in yourself, confidence, skill and an ironclad attitude that states "I WILL FIND A WAY TO MAKE THIS HAPPEN", whatever that is, "NOTHING will stop me".

    A lot of what happens in IM is by chance or more often by timing (right place at the right time), taking advantage of an opportunity. If something happens for you (positive or negative), you must have done SOMETHING to place yourself in that position in the first place.
     
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  13. StuartWalker

    StuartWalker Registered Member

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    In my opinion it's all about hard work.

    Treat it like a business and not a hobby and you will succeed in the end.

    That means working endlessly on it even when you're tired / bored / sick / hungover / lazy.

    Invest money where you need to.

    Test and track everything. Data doesn't lie.

    Provide real value to your customers and not just think about "making money"

    Avoid money makers and 'systems' and 'methods' and jumping from one thing to another and focus on building a real business and stick with it.

    Think of it as being like a pro athlete, they don't take time off of training because they can't be bothered. They get out of bed everyday regardless and follow their daily routine and constantly strive to improve.

    You should too.
     
  14. WhitePassion

    WhitePassion Elite Member

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    "The harder you work, the luckier you get" -- Gary Player

    One of my favorite quotes, kind of sums it up.
     
  15. Free Man

    Free Man Junior Member

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    Doesn't really apply here:

    [​IMG]

    To be successful it's crucial to recognize when to work hard, and when to work smart. There is always "luck" somewhere outside waiting to picked up by someone. Usually those who think differently and work smart, as hard workers are busy doing hard work.

    I used to work on a cruise ship, so for me no computer work is harder than being a cruise ship waiter, period. I figured it's much easier to upload videos and build websites. Am I lucky then? Kind of, but I'd rather believe that I utilized my open mind and put effort into something less traditional, more risky and potentially more rewarding. Thinking outside the box is most important factor.
     
  16. mindlesswizard

    mindlesswizard Supreme Member

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    This is 10% LUCK, 20% skills, 15% concentrated power of will, 5% pleasure , 50% pain and a 100% reason to REMEMBER THE NAME !!

     
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  17. chalky123

    chalky123 Junior Member

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    knowlwdge > plan > work > luck > profit