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The New Rules of Internet Marketing

Discussion in 'Making Money' started by Hash2thetwo, Feb 18, 2012.

  1. Hash2thetwo

    Hash2thetwo Newbie

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    Warren buffet says that you should spend less than you earn. This is one of a number of problems that I?m faced with at the moment. Today I actually took action on it by going through my accounts of the last three months and I was horrified.

    I spent far too much in the supermarket. I have spent far too much on fuel in my car bearing in mind that I don?t need it for work. It?s a non-essential expense that needs to be cut.

    But by far my biggest expense is Internet Marketing. It?s hundreds and hundreds of dollars.

    Now some of you might say you have got to spend money to make money. This is true but warren buffet has another rule that contradicts this. He says rule number one never lose money and rule number two is never forget rule number one.

    I haven?t made a penny. Not a single cent and I don?t believe I?m the only one.

    Far too many of us are treating internet marketing like a hobby. Something to past time to justify spending money with the hope that someday it will work, that you can leave your 9-5 and live happily ever after.

    We are waiting for some miracle to somehow happen that one day it will just work. It?s the same for the millions who play the lottery week in week out and never win because the odds are stacked against you. Do you think that warren buffet plays the lottery?

    So I hit the nail on the head for some and others are thinking where is this guy heading?

    Well I will tell you. I have decided to come up with some rules for myself that maybe someone else can find benefit from. It?s more to hold me accountable because those who are around me either don?t understand IM or they can?t see it working because it hasn?t happened yet.

    So here are my new rules of internet marketing.

    Rule 1: Treat Internet Marketing like a business not a hobby.
    • If it?s not making you money cut it from your budget.
    • Don?t let your day job pay for training. Make it pay for itself.
    • Don?t buy a great domain name if you have three others that you still haven?t done anything with.
    • Cancel any unnecessary hosting accounts, web base software like basecamp or private proxies that you?re not using.
    • If you have websites that aren?t making you any money then sell them or make other uses out of them like a test site for example.
    • A dollar saved is a dollar earned.
    • Remember Gordon Gekko saying ?Nothing upsets me more than losses?
    Rule 2: Have a plan and stick to it.
    • Pick one project to work on at a time.
    • Don?t read a single info product that is not relayed to your goal.
    • Write down all your ideas in a book and refer to it when you have completed the project you?re on.
    • Aim for quality not quantity. The first stage is about making a little money the second stage is scaling it up to make lots of money.
    Rule 3: Stop downloading illegal copies of info products and software.
    • Stay away from the freebie forums you don?t need it.
    • If you need something like scrapebox then buy it.
    • Everyone loves freebies but you don?t use something properly unless you have paid out for it with your own hard earned cash.
    • If you can?t afford it then save up for it or pay someone who has a copy. Plenty on fiverr or odesk.
    • If it doesn?t make any money then sell it.
    • It?s not going to make you a profit then you don?t need it.
    Rule 4: Keep accounts
    • Track your progress
    • Let?s you know how well your doing
    • Keep it in a safe place away from the tax man
    • Keeps you accountable to your self
    • Allows you to keep track of your spending
    Can anybody else add any rules?
     
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  2. farfetchedmoney

    farfetchedmoney Regular Member

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    If you're spending money on actual results in IM and isn't making anymoney then either you are being scammed, or, need to quit the business.
     
  3. DarkDemon

    DarkDemon Jr. VIP Jr. VIP Premium Member

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    Stop downloading illegal copies of info products and software. - worked for me so far. When you get for free, you take for granted. Only when it goes outta your pocket you realize the worth.
     
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  4. TripleBeamDreams

    TripleBeamDreams Junior Member

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    Good post, but a little bit to long, It doesn't have to be this complicated. This is my advice to any one new in the IM field.

    1. Buy Andrew Hanses's "Unstoppable Affiliate" course.

    2. Read and practice what the course teaches you.

    3. Apply everything that you have learned from the course.

    4. Don't forget to pay your taxes.
     
  5. Sleinad

    Sleinad Senior Member

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    These are all basic points but it is amazing how many people do the complete opposite...

    For some reason so many people don't think they can make real money from IM unless they stumble upon some miracle like you said, but really you can live off IM easily working your own hours just by copying what others are doing
     
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  6. JasonG

    JasonG Regular Member

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    You said the basic principal of business here... Not just online but offline also... Copy what is working, and reap some of the benefits. It's almost fool proof if you put in the work. Now when you make it huge is when you start something new and unique for the first time. But other than that, if you copy what is working you will make a nice little living.
     
  7. orzyman

    orzyman Senior Member

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    keeping account is what most of us luck
     
  8. Hash2thetwo

    Hash2thetwo Newbie

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    Its not like that its more buying things like software, info products, servers and domain names and not taking action and doing something with them. So they end up just sitting there burning a whole in your wallet.

    Its so true. Thank you for sharing this. I thought I was going to get a lot of stick for paying for things.


    Your right it is too long but thats another one of my problems is over complicating things. I love your version.

    Very true. Its all about the mindset and your one seems to be in the right place.

    Very true but you wouldn't have to look for long to find examples of people saying they have been trying for 3 years in IM and haven't made a penny. How many bricks and mortar business would carry on that long without making any money?

    Its mainly about tracking performance but like me for instance you only really look into things when you run into issues like my overspending each month.
     
  9. mmur12398

    mmur12398 Junior Member

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    I guess my first question to the OP is how long and what tactics have you been using to make money online? I know you said you haven't made a penny but for the first several months of my venture into IM I was happy with .30 cents a month. Then I started realizing the fruits of my labors and in the last two months I have averaged $2 a day with my Adsense sites. Is this a lot? Of course not, but I am actually starting to make more money than I am losing.

    I have learned from my own experience and in reading from others that IM is a long process to get to a long term, sustainable income. For me, IM is a hobby because I do have a full time job but I am able to now outsource content writing and some link building. This along with using Scrapebox to try and give back here from time to time have all helped me along the way.

    I am eventually working towards building my little empire of sites into something that will supplement my current income and hopefully give my wife the ability to be a stay at home mom with no worries.