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My 1 year at BHW - Some lessons I've learned

Discussion in 'Making Money' started by bk071, Nov 25, 2011.

  1. bk071

    bk071 Jr. Executive VIP Jr. VIP Premium Member

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    So its been a year since I joined BHW and started my IM career :)
    Wanted to share some lessons I've learned so far... I'm no guru or anything. Just want to be for the helpful members of this helpful community :)

    1. Pick the right direction
    You need to put your efforts in right direction. By 'right direction' I mean something that you think you will be able to profit from. I made the mistake of going extremely blackhat and put a lot of efforts and time in learning that. Yes, I made some money but I believe if I had invested that much time and efforts in something lucrative and profitable, my bank balance would be much higher.

    2. Its a numbers game
    Another very important thing to keep in mind is what we call 'scaling'. If you have one website up making $xx a day, why not create more websites like that? Of course, not all of those sites will make you money but its still worth the effort to scale something that you find yourself good at.

    3. Hit it hard - Make every dollar yon possibly can!
    If you have a site ranking at #1 spot in Google and making $xx a day... Why not create another site in the same niche and rank it on first page.. Then another! That is what I call 'hitting it hard'... Once you find something that makes you money, hit it hard and milk it as much as possible.
    Never ever leave money on the table...

    4. Little Drops Make an Ocean
    Most of the people don't value those little things. Like if there is something that takes you 20 minutes to set up and then makes you $15 a month, a lot of people would think "damn.. that's only $15". Yes, that is $15 but hey, wouldn't that be enough to cover your hosting or something?
    You can't make $100 if you don't make your first $1 or $5.

    5. Don't look for "methods" - build it for the long run
    While those money making "methods" could be good for making some quick cash but that is not the route to go if you're in IM for the long run. Choose your field (SEO, Programming, Marketing etc) and build a strong business that you can tell the world about.

    6. Don't put all eggs in one basket
    This could be fatal for your business. Diversify your stuff, your income sources, diversify everything.
    Treat your business like a computer... If you put all your essential data in one PC and some day it crashes, you're dead. Similarly, always have multiple income streams so even if one goes down, you'd still survive.

    7. Be honest, helpful and trustworthy
    Be honest to others - don't bluff them. Karma will bite you in the ass, believe me.
    Be honest your yourself - don't make excuses when you fail to do something because of your laziness. Own it, fix it!
    Try to help anyone in need as much as you can. Some day you might be down and they come running to help you - you never know.
    Build your trust, never let people down. Don't make promises that you can't fulfill.

    8
    . Value time - yours and others'
    In this game, time's money. You don't want to waste money... do you?
    Value your time and spend it doing something creative. Playing COD or BF3 is not going to get you anywhere. You'll have plenty of time for that stuff when you've achieved your goal.
    Value others' time as much as you value yours.

    9. Stay focused,
    stay committed
    Once you commit yourself to something, DO IT!
    Don't let anything distract you - music, movies, TV, phone... NOTHING. When you're at work, you're at work. Period!

    10. Another mistake?
    Making mistakes is not bad until you keep learning from your mistakes. Nobody is perfect, we all make mistakes... But only those succeed who learn from their mistakes.

    11. Money makes money
    Don't be shy of investing money.
    The money that money makes makes more money. Enough said.

    12. Never give it up - NO MATTER WHAT!
    The biggest mistake you could ever make... Giving up. You failed? Everyone does... But those who're successful, learned from their mistakes and tried again... fail... tried hundreds of times and failed... Keep in mind, being successful is not easy. Success doesn't come to you, success doesn't come to you you go to it!

    Good luck and enjoy the holidays.
     
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  2. abhi007

    abhi007 Jr. VIP Jr. VIP

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    and its been like one year since i know you lol keep on rocking as you always do :)
     
  3. Nookie Monster

    Nookie Monster Senior Member

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    I wish you the best of luck. You have the right attitude if nothing else.
     
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  4. Abstroose

    Abstroose Elite Member

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    Nice tips dude and congrats. Look forward to your 2nd year post. ;)
     
  5. Snivy

    Snivy Regular Member

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    This time next year this will be making a post like this.

    Thanks. :)
     
  6. mojacho

    mojacho Junior Member

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    Thanks for ur inspiration. Is keep me motivated!
     
  7. paulpapapump

    paulpapapump Junior Member

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    great post dude. i can relate to number 4 where i'm thinking about the ocean while its better to get the little drops. cheers.
     
  8. extremeboy

    extremeboy Jr. VIP Jr. VIP

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    congrats friend Nice post really :)
     
  9. bluesaphire

    bluesaphire Regular Member

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    soon going to cover my first year mile stone :)
     
  10. Bi-IT

    Bi-IT Regular Member

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    wow, many thanks for this post, I am just starting in IM so this post give so much motive. Thank you so much bk071
     
  11. bulldogzg

    bulldogzg Senior Member

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    Awesome run-down and I agree with all your points.
    That's quite rare on this forum :D
    + rep
     
  12. Seo Lover

    Seo Lover Jr. Executive VIP Jr. VIP Premium Member

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    Nice post , as always :) Btw congrats on 1 year at BHW
     
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  13. bk071

    bk071 Jr. Executive VIP Jr. VIP Premium Member

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    Thanks for the appreciation guys... Glad it was helpful for some of you.

    Crush it by taking massive action!
     
  14. eterxx

    eterxx Junior Member

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    a little bit of this, a little bit of that
    Those kind of threads help me to stay focused, I have a big plan but it's hard to keep working day and night..
    Thanks for writing it!
     
  15. roamer

    roamer Power Member

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    All valid points, OP. Congrats on your 1st year.

    I believe one of the most important rules I've learned in my short life :p is that reputation is everything, and you must protect it at all costs.
     
  16. creditandgolfse

    creditandgolfse Registered Member

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    yes ACTION is the keyword lol.. i am trying some of the quick cash making right now while i improve my seo ability to rank my sites for longer term.. lets hope it increases
     
  17. CPAchick

    CPAchick Regular Member

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    Top thoughts there! Congrats on your 1 year.

    Focus, focus, focus = that's my key to moving forward!
     
  18. Madruga

    Madruga Senior Member

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    Great post. These are some things I realized too along my journey. Who knows what experiences I may learn during the next 5 years. Because I.. I never give up :)
     
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  19. IamBlackhatter

    IamBlackhatter Jr. VIP Jr. VIP Premium Member

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    well said bk hope it will help me a lot and many congrats on your first year celeb!
     
  20. rpkrocks

    rpkrocks Jr. VIP Jr. VIP

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    Yeah I Remember Your Post 17 Year Old 300 $


    You Have Crossed A Long Way :)

    Keep 'Em Coming Mate Keep 'Em Coming:D