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Trying To Make Money Online? THIS is why you are STUCK.

Discussion in 'Making Money' started by nihalsad, Nov 30, 2016.

  1. nihalsad

    nihalsad Jr. VIP Jr. VIP

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    I see a lot of people posting how they are stuck or don't know what they should do next after they implement a method they think is "working" and making money for other people. Let me break down why this happens and how exactly to avoid this scenario.

    Golden Object Syndrome

    Firstly almost all of us are affected by the golden object syndrome and we try to jump on it as soon as we see a few people having success with it. Now don't get me wrong but this is a great trait to have but what happens with this is when you are trying this new money making method that's supposedly people are banking hard of, you forget about every other method on the forum and only focus on this new one which can be disastrous on the long term. Yes, new methods will come out every now and then and you will see a ton of journey threads on them but you should never forget the basics.


    Forgetting The Basics

    When you are trying something that's new you should never forget the basics as there are some basic money making methods that will always work no matter who says it's saturated. For example building a micro niche site or an authority site and monetizing with Adsense/Amazon. Or how about CPA marketing? Fb ads. Do you really think methods like these will ever be saturated? No.


    Everything Is Saturated

    Now this is perhaps the most important point in this post. Every time you read a post there will be at least a handful of people that are going to say how that method is saturated and it's not working. Let me tell you the bitter truth, half of those people haven't tried the method and the ones who did just gave up. If you think about it, everything is saturated. How so? Well there are thousands of people trying to apply something from the making money section of BHW at any given time. So does that mean none them will make money? Of course not. Some will bank hard and some won't make a penny. That's how it is. Persistency is key. The thing is no money making method is written in stone. You will just have to apply your own twist to it.


    Going All In

    There are some of us who tend to go all in when trying something new. I am not gonna lie I tend to do this quite a lot. This can work like a double edged sword because you are highly likely to succeed with whatever method you are trying but if something goes wrong you are back at square one. You should always have a backup plan no matter what you try to do. If method A fails, B should always be there to back you up.


    Diversifying Too Early

    You will hear this quite a lot, "Don't keep all your eggs in one basket." I totally agree that you should have several sources of income but a lot of people tend to mess this up really bad. Simply because when you spread yourself too thin you are certainly setting yourself up for failure. When you start diversifying make sure your transition is properly paced. Don't try 5 - 6 things at once. Once you start banking from your first venture then move on to the next.


    Giving Up

    I am going to wrap this up with this last point which is giving up. The biggest reason you get stuck or fail to bank from a method is you give up too early. Everything that you will read here took the person countless hours of testing with different variations of whatever it is you are trying to replicate. Don't expect to get it right on the first go. Understand that it is okay to fail.


    Conclusion

    BHW's money making section has tons of priceless info on literally any subject you may think of. Don't just read them, make sure you apply them and keep testing with your own version of them and don't be afraid to reach out to people in the forum if you do get stuck. I hope this post gives everyone a clear picture of how to go about things when they feel stuck or well avoid getting stuck altogether.
     
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  2. Gurjarr

    Gurjarr Newbie

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    Thanks bro...these tips are really valuable to a newbie like me
     
  3. asap1

    asap1 BANNED BANNED

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    Good tips.
     
  4. Sristy

    Sristy Jr. VIP Jr. VIP Premium Member

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    Quite true, saturation will not happen in near future as long as the Internet is growing every day.
     
  5. JackFruit

    JackFruit Jr. VIP Jr. VIP

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    Nice tips nihal.
     
  6. Joezoom

    Joezoom Registered Member

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    Thanks for the tip's I can use all the help I can get as a newbie' Looking forward to reading a lot of Info here and hope to apply what I learn.
    Thanks again
     
  7. W9go

    W9go Elite Member

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    nice writing :)
     
  8. geebehn

    geebehn Junior Member

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    Thanks for the tips.
     
  9. nihalsad

    nihalsad Jr. VIP Jr. VIP

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    Exactly my point. No matter how much something is so called saturated there is always a way to put your own twist into it.
     
  10. blogzandstuff

    blogzandstuff Elite Member

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    Exactly, I hear this excuse a lot. People say to me the market/niche is saturated. It just means there is a market. Just find a better way of doing it
     
  11. MisterF

    MisterF Jr. VIP Jr. VIP

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    It's so easy to chase after the latest money maker, but unless you're really good at seo, traffic etc you've probably missed the boat.
    I saw a guy asking in a Facebook group the other day if he should get into Pokemon Go and he'd seen a WSO to buy on it.

    I replied to him to look for the next Pokemon go type of success in a new niche / product and get in FIRST.
     
  12. jbutlero5

    jbutlero5 Newbie

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    One big thing that always slows me down is over reading/thinking and not enough action. I have found that I usually want to know everything before I dive in, but I have learned over time the best way to learn things is by just trying and fixing your mistakes along the way.
     
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  13. Luk3

    Luk3 Newbie

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    True story - its a kind of motiviation :)
     
  14. Purush

    Purush Senior Member

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    good one.
     
  15. Einar

    Einar Newbie

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    Good points ! ...Try / fail / try / fail ....try- succeed = true love for IM :)
     
  16. blogzandstuff

    blogzandstuff Elite Member

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    Yep as the saying goes" You never truly succeed until you fail at least once"
     
  17. hanhcom

    hanhcom Junior Member

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    thank you OP. you make my day. :D
     
  18. nihalsad

    nihalsad Jr. VIP Jr. VIP

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    Yeah, this is just too common now.

    This happens to everyone mate. Most people try to learn as much as they can and never go around to implement what they learn as this is actually a psychological problem as we always think it's never the right time or we don't have the proper resources. My take on this is use what you can and start with whatever you have at your disposal.
     
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  19. The Scarlet Pimp

    The Scarlet Pimp Senior Member

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    there is plenty of good info here, but finding it easily is the hard part for many.
     
  20. quangdo

    quangdo Newbie

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    Thanks so much bro! :)