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What you need to know before thinking to make money online

Discussion in 'Making Money' started by maecenas23, Jan 2, 2014.

  1. maecenas23

    maecenas23 Jr. VIP Jr. VIP Premium Member

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    I am browsing many sections of BHW and I see many people who are looking to find their way into making money with IM without having a reasonable image on all the aspects . I am writing this post ( which will be pretty long ) especially for newbies who can understand that having a correct mindset is a must-have in this business.

    If my following lines have no sense to you, chances that you will make money online are low. Sorry :)

    1. This is serious.Making money on the internet is like any other business you see around, in the offline world. Business not job. It's more complicated that your usually 8h job you want to quit.

    2. You won't be rich next month.Making money on the internet is in most of the cases a long-term project. You can make some quick money with PPD+Youtube or content writing jobs but even those need a lot of time.

    3. Read,read,read...This forum, literally, offers everything you need for a good start. You won't find the holy grail, but if you just arrived and you have no idea how to make money online, reading 4-5h/day for a 2-3 weeks will help a lot. You might think: "reading 100 hours before making money? You must be jocking". No, I'm not; and if this sounds too much for you, remember how much you time you spent in high-school and college preparing for the unknown future.

    4. Don't be lazy and treat everything like a business. There are under-18 kids who make $$$/day and mature man who fail just because they don't treat IM as they should. At a certain moment I decided to help people making money just as an experiment to see why sooo many fail and this is the main reason: they want to quit their job, to work less and earn more. Bad news: it won't happen.

    5. Take action and be ready to lose money before starting to earn constantly. Can you open an offline biz without an investment? You can't. On the internet it's the same. Actually, it's easier from this point of view because the initial costs can be as little as $10- domain+hosting. If you don't have any money to invest, my advice is to work for others, save some hundreds and prepare the initial investment. It will save you time.

    6. You will fail. We all did at least a couple of times. When you lose, don't lose the lesson.

    7. Start with the basics. Many people I discussed with on Skype read and focus on complicated methods without having an idea on how to change DNS for their website.

    8. Take notes. Your brain can't keep all the useful information. If you want to start by selling products from Commission Junction, use the search box, find all the threads regarding this subject and write on a piece of paper what makes sense to you. Re-read and continue your research until everything makes sense to you.

    9. Don't spend your money on things which won't help your business. We all love to drink and party. Some of us pay for sex. When you'll earn your first $100, please do yourself a favor and re-invest them in the method which worked for you. Ok, ok, drink 10$ and re-invest at least the rest :)

    10. Test, test,test. Even when something works very good, testing is a good idea not only because it can offer new ideas but also because it will sharpen your brain.

    11. Finish your studies. No matter how much money you will make online, you need a backup for your own mental peace. I can't stress enough how important this point is.

    12. Don't quit ( fast). There are big Chances to fail with your first project. Don't quit, but if you continue to fail, this might not be for you. My mother sent me to learn playing guitar for 3 months and I simply couldn't. I didn't like it and when you don't like it. You'd better quit.

    13. Don't give a shit on social morals. You will heard many times, stupid things about people making money online. Your parents will say that you don't do anything, your grandma will cry because you are a lost case and you will end in jail. Not in all cases but in many. Don't look around and continue to walk your way.

    14. Contact other forum members when in trouble. You will be amazed how many of the experienced users are willing to help with 1 condition: don't ask stupid questions :cow04:

    15. Stay strong & be confident. If you went over all the 14 points you might be smart enough to make money online :)

    Sorry if this was too long. Even if it might look not related to "making money" section I strongly believe this might help some guys looking to earn their place in this world.

    Best wishes to all of you in 2014! :cool:
     
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    Last edited: Jan 3, 2014
  2. smartalex

    smartalex Jr. VIP Jr. VIP Premium Member

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    I agree with OP.

    For me, I would disagree with the #11. Of course, education is, according to the society, important and all but all it does is to train people to be good " employees ". This is definitely not for entrepreneurs.

    Self education is the best form of education because you get to learn what interests you rather than what the school/university thinks it will benefit you and the majority of students get virtually nothing.

    It's just my 2 cents.
     
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  3. maecenas23

    maecenas23 Jr. VIP Jr. VIP Premium Member

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    I am not saying you will learn a lot of useful things but failing at 30 with no finished studies and no money to invest will create a problem which can't be solved easily.
    if you are smart, you will take whatever is positive in high-school or college and will use it to understand how employees think as well. At a certain moment you will have emplyees and you will need to understand them in order to build a strong team.

    Good luck!
     
  4. imtaimur

    imtaimur Newbie

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    Thanks for your great thoughts.
     
  5. jro00

    jro00 Newbie

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    Bravo on the Great Info! The success of your online business or any business depends greatly on being in a constant state of development, constantly growing and learning new techniques and ways to apply your ideas. "Success is something you attract by the person you become". Oh ya! :)
     
  6. Mnemosyne

    Mnemosyne Newbie

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    Number 13 is true on so many levels. Keep your resolve strong and believe in yourself, don't let others tell you what's wrong and what's right. Thanks for the share OP i will be sure to take a note of these :)
     
  7. whynotmakeit

    whynotmakeit Power Member

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    some excellent points. I can relate my past experiences to most of them.........
     
  8. oscilay

    oscilay Regular Member

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    Really good points! Thanks for taking the time to put this together
     
  9. Firstmoneymind

    Firstmoneymind Registered Member

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    Number 3 especially! the info on BHW is worth more than my $60,000 university education..so much time wasted and debt i cringe thinking about it..but yea peeps before you begin read EVERYTHING that looks interesting to you on BHW and then search for more info on it in Google before you begin. Read read read.
     
  10. YoungMoney CashMoney

    YoungMoney CashMoney Newbie

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    All good points.

    Things like this take time and patience.
     
  11. Yildiz

    Yildiz Regular Member

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    If only I had someone to tell me these things when I first started out. Great post OP.
     
  12. maecenas23

    maecenas23 Jr. VIP Jr. VIP Premium Member

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    Well, I guess in 90% of the cases you have to see by yourself in order to believe.
    I have over 200 people who add me on Skype to ask questions. I tried to explain them the things I've pointed in the initial post. No need to mention how many of them continued :) Very few...and just 2 of them managed to make IM a full-time job.


     
  13. Jubv

    Jubv BANNED BANNED

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    Good post with a lot of information OP :)

    I've been reading this forum for a few weeks now and just started my first website (health and fitness niche). Would you be able to help me out monetizing and such? Any advice you can give?

    Add me on skype if you want: bradjsingleton

    Thanks!
     
  14. BlingFiles

    BlingFiles Regular Member

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    #10 is really golden.
     
  15. maecenas23

    maecenas23 Jr. VIP Jr. VIP Premium Member

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    The first thing you need to ask yourself is: "How in the world I started to build a website without having any idea how to monetize it?"
    Second question is: "How can I drive traffic to this website"- without traffic you don't have what to monetize.

    Once you find the answers ( which might be in the first place when you decided your niche), you can visit the sub-niches of this forum: Adsense, CPA, Affiliate networks and see what fits your idea and your budget.

    You might think I didn't help you but actually I did :)


     
  16. bizzmill

    bizzmill Junior Member

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    great words of advice. thanks
     
  17. maecenas23

    maecenas23 Jr. VIP Jr. VIP Premium Member

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    Thanks. If there will be 10 people who will find this useful and will follow at least 7 steps, the thread was a success :)
     
  18. newbiezxc

    newbiezxc Registered Member

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    thanks for the post.. started following BHW few days back after the green pill.. a great journey of knowledge yet..
     
  19. yehova

    yehova Newbie

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    thanks to OP ...its been a great journey for all members remembering those days in early IM