I've worked with many people on this forum, and many are highly successful; we are talking about six figures or more a month.
Instead of focusing on what others are making, focus on why they're successful.
Let me break down for you why people, in any industry, succeed while the vast majority struggle or outright fail.
The first reason people succeed is they constantly learn.
They don't close their minds to the stuff that works and does not work.
They are constantly looking for a better way of doing whatever they're doing.
They're either looking to scale up or find alternative ways to boost productivity.
They're always learning.
The second reason they succeed is they reinvest in their business.
I was guilty of not following this, so I struggled early on.
When you start making money, you're number one tendency is to spend that money.
This is especially true if you have a wife and kids, as I do.
But if you want to grow your business, you must set aside enough of your profits to reinvest in your business.
This can mean new software, new people, or hiring a consultant to streamline your operations.
What's important is you have to set up enough money to reinvest in your learning.
The third thing I notice with people who are successful with their online business is they diversify.
They do not put all their eggs in one basket.
I've had many clients, and many do not stick with just one website.
They have many different websites and forms of online businesses.
These can be an online bookstore, Kindle books, or online store, you name it.
They also have offline businesses.
I have a client who makes money from his website and apartment buildings.
The key is diversification.
If you're no longer making money from your online properties, your other businesses can fill the gap so you don't suffer financially.
The fourth reason some online entrepreneurs succeed is they focus on passive income.
If you want maximum peace of mind, ensure your money works for you.
That's the bottom line.
Create an asset that generates money.
It doesn't have to generate money overnight; you don't have to make money quickly.
But as long as you have enough of the assets that generate money, they will continue to produce money long after you stop working.
Why? You've put in the work already.
That's how passive income works.
Unfortunately, most people have active incomes, so they are like chickens scratching the ground.
If they don't scratch and find a worm, they won't eat.
No scratch, no eat.
Active income means you're trading your time for your money.
Passive income works differently.
The people I know making at least 10,000 a month focus on passive income.
That's why they can take a break for months on end, vacationing worldwide and doing things like painting or creative stuff.
They return to their business, and it's still making money because it's passive.
