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Making Money Online - It Starts with YOU!

Discussion in 'Making Money' started by Sampler, Jun 19, 2013.

  1. Sampler

    Sampler Senior Member

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    Making Money Online - It Starts with YOU!

    Ok, BHW, I want to start this post by saying that I definitely don't consider myself to be pioneering IM on or off of BHW, but the reality is that the modest success I've had stems from something which I believe is often neglected on BHW and which is why I wanted to write this post. At the end of the day, in whatever you do, whether it is your school/college work, your job or your online endeavors, the success you will have will ultimately come down to YOU.


    Myth 1 - Your success depends on other people...

    This first myth on success is probably a bit of a moot point which is why I want to clarify it first. It took me a while to understand this but there is a difference between working with people to become successful yourself and letting other people create success for you. Take a guess which one is the right attitude? If you guessed that the former is the right mentality then you are correct. The latter is less likely to be right in most cases. It is often a misconception that others will create success for you because people are often inherently selfish. Now, this isn't a bad thing or a totally good thing. The right level of selfishness will make sure that you aren't a bitch to someone or a bitch to society; realizing that you can break out of the common mold of expectation WILL allow you to realize your dreams. BUT, the other thing that is inherent in human behavior is that ability is often limited which is why you need to surround yourself with people who compliment your skillset. Finding the right people to work WITH you will see you far. To get far though can be hard, why?...


    Myth 2 - Don't sell yourself short...

    I say BULLSHIT; when you are starting out anyway. Like a lot of things in life, even if you are the best or pretty good at what you do, you have to start somewhere, and often that starting place sucks. What differentiates successful people from unsuccessful people is the speed in which they move on from their underutilized/under rewarded state. I had a project which I wanted to do, and this was probably one of my first projects a few years back when I didn't want to spend money which I didn't earn online in order to fund this project. So what did I do, I went around my neighborhood and worked and did odd jobs for 2 weeks, working 16 hours a day and ended up earning like $450 which works out to be something like $2/hour which is pretty shitty pay IMO. That said, I had a pretty decent plan and I then invested that $450 and I earned $2,675 (I will remember this number for the rest of my life haha) in the next two weeks working about 10 hours. At the end of the day, while I knew I could probably earned $20/hour working at a real job, I knew my hustling skills would get me their quicker. Finding a job can take weeks if not months, and while in some cases is more than necessary, I think hustling from the bottom works just as well to get you started. If you do want a job (entry level) then the best thing you can do is go meet people at the workplace in person, trying to submit your application on online to find a job is exactly what 3,000 other people are doing to get that job so you need to really separate yourself from that crowd. Essentially, YOU have to hustle early and then move up. Don't rely on anyone else other than YOU to go out and get you started. If you can't personally learn how to work hard or understand the value of work, how are you going to be able to work WITH people to make yourself more successful?


    Myth 3 - IM equals easy money...

    This myth is again a bit of a moot point because it definitely provide you with a great return on time than making money through traditional means of generating income. However, people often assume that because of this accessibility to market, relatively low start-up costs that people will make a killing in IM just because they can. Well, what if I told you that everyone who is "successful" in IM could/is more than probably be successful at operating businesses outside of the internet. Making money is the result of hard work, good thinking and dedication to your projects. Hell, IM is probably a lot harder in a lot of cases but people do it because it's accessible and not because its easy. Treat IM like you would treat a business.


    Myth 4 - If you are not profitable, pivot...

    Because you've understood that it takes a businessman (not in the traditional sense) to have a good crack at IM you probably want to turn a profit from day 1, right? Wrong! I'm sure you think you can sell an intangible pdf or service which doesn't really have a cost of production, but that doesn't mean you'll always want to turn a profit straight away, let alone need to. TBH I could probably think of so many ways to generate a profit right off the bat, problem is, other people are probable able to see this too and therefore although it's doable to join in, I'd much rather bite the bullet and operate on a loss for a week or two or even a month (if I can afford it) before I turn a profit. The reason being, if I can be prepared to lose money early on with the reward of money later on, then I know that there are probably several other people out there who aren't willing to do this which serves me well in the long run. When everyone sees that they can have huge margins and profit from day 0, then everyone is going to want a piece of that action. Bite the bullet and operate on a loss early, the reward will be awesome later on.

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    Conclusion

    Those are just 4 Myths and big misconceptions that I've seen around this forum and IM in general. Again, I'm by no means saying that this is 100% the right way to think but TBH I think quite a bit of this needed to be said. Don't blame the methods or other people, take a good hard look at yourself and decide on whether or not you are actually willing to work for success, then decide whether IM is right for you.


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  2. umerjutt00

    umerjutt00 Jr. VIP Jr. VIP Premium Member

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  3. extreme90

    extreme90 Jr. VIP Jr. VIP

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    Good tips! :)
     
  4. shellhackx

    shellhackx Regular Member

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    Not bad, people need more of the business side of things on this good for saken fourm.

    Agree with it all, and I dont agree much on here.
     
  5. Sampler

    Sampler Senior Member

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    Yep, spot on. People think IM is an easy way out. In
    a way it is. But, like any business in RL which generates
    a passive income for the owner, it starts with a solid
    foundation of hard work.


    Glad you are also aware of this already. You'll
    go far in this game.

    Sampler
     
  6. SmileAtmyWins

    SmileAtmyWins BANNED BANNED

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    Quite motivational. Definitely will point members in the right direction.
     
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  7. Audacity

    Audacity Newbie

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    I feel motivated again, thanks!
     
  8. alexp3412

    alexp3412 Registered Member

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    Great motivational post...yellow, but great

    Thanks for the sharing
     
  9. larcha

    larcha Regular Member

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    Very nice motivational share. There is always work out there, no job is below you when you first start. Remember that, and you will succeed in life.
     
  10. Asgardian

    Asgardian Regular Member

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    Nice tips man! :)

    I really think people should consider IM as a real job...

    Agree with you :)
     
  11. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    Myth 3 is biggest myth of all. I work more and harder than most my friends and they often say I "need a life". I really love what I do but it's really not easy money at all.
     
  12. Invoker

    Invoker Regular Member

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    What are you saying?? I can't just buy MSN sites and go autopilot all the way to the bank?

    But srsly tho, I found putting in the time to work on a project extremely hard. I've had a dayjob where pulling 12h shifts for 2 weeks was not that hard, draining sure but it was manageable. But thats because I had a shift clearly in front of me. When I'm at my computer doing a project, nothing is "forcing" me to pull 12h shifts for long periods, being my own boss is harder than I ever thought.
     
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  13. barbie.ken

    barbie.ken Jr. VIP Jr. VIP Premium Member

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    Myth #3 is so true. I got into IM thinking the same thing. But after some time, I realized that the real people who can succeed in IM can probably succeed anywhere else.
     
  14. Sampler

    Sampler Senior Member

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    Yep, being able to be productive while at the computer
    with noone else there pushing you along is hard to do.

    Hell, I failed at my attempt to do 60hours of coding but
    when you do finally achieve your goals you will be
    rewarded.
     
  15. bazera

    bazera Junior Member

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    This forum needs more threads like this. 90% of people need more motivation then they have right now, so these kind of threads are motivating them very hard.. so, yeah, thanks a lot for motivating me too
     
  16. GanXtr

    GanXtr Registered Member

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    and one thing more......... don't stop at failures