Why are many not making money today.

Nancy224

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Money as we already know is essential to man existence , because it is used to acquire assets and things we desire , money is also used to pay bills , money serve as a means of accumulating wealth , serve as a medium of exchange , and finally serve as a medium for foreign or local investments . But unfortunately not everyone knows how to acquire money , some people think that they have to seek for unthinkable and mind stressing mediums in order to make money . This is not always the case , to make money all they need is a good business idea , and because many people like good business ideas today they are not making money .

Lack of information is seen as one of the major reasons why individuals who love the act of making money are yet not making money today . Sometimes we need good information from Friends , colleagues , and the government of our country in order to know where and where not to invest our money to earn more money . That is why a lot of individuals today surf the internet and research on news to know the trending money-making strategy on ground whether online or offline .
 

SH-M

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Just solve a problem faced by many and you will make lots of money.

There are many obvious problems that people identify early, take on entrepreneurship and still fail. 2 people can literally find the same solution and have the same 'plan' for execution but only one of them will win in the end. The one that wins is the one that followed through, executed the plan properly, gave their best and never gave up. Some cliche there but it is what it is and there's no way around that.
 

Zombie Pop

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One big hurdle to making money for me was setting goals for myself without designing and refining the systems needed to achieve the goals. I just thought setting a goal and believing I could achieve it would be enough, and that if I believed I could achieve that goal enough, the how part of achieving it would just happen or come to me. I can’t tell you how muddled my days were. I bought a bunch of useless stuff too thinking it would help me.

I lived in this constant state where I couldn’t be happy until a goal was achieved. And I never achieved the goal because I thought that was all I had to do. So I was never happy and I also was not making the money I should have been.

So make sure you also define, design, and refine your systems for achieving your goals.
 

roydan

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If everyone becomes rich, everything will revert to the way it was before. The amount of 'currency' you have doesn't matter, only how much you have compared to other people.
That's how economy works.
 

MKSKS

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One of the main reasons why most people fail to make money online is either they are looking for easy money with no work and time devotion or they are just scared of taking any action after finding a way.
 

Bedazzle

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Yeah, this stuff is not easy. Not for the weak.
 

Willyfish

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If you have a real business online you know it's not "making money"... only noobs speak like that.

It's about creating a long lasting business, not jump from idea to another idea and keep consistent work daily and we all have our moments of laziness as keeping discipline is hard every day 8-10 hours a day.

95% of businesses online or offline fail to live 5-10 years it says a lot about the difficulty of the process.

You need a good idea only? I say it's BS... people have 100 good ideas every year but the strategy must be on point, the resources in terms of time/investment in your business/employee or freelancer must also be calculated...

If it was as easy as it seems without skills, everyone would be rich...

Making money is a lie. Creating a long lasting business to live off is not. But it's far from easy, content creation or paid ads... increasing CLV... everything takes a shit ton of time despite what you try to do.
 

Willyfish

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I hate to say this, but sorry, I totally disagree this kind of thoughts, especially nowadays.

Completely agree with you.

In an era where content is ABSURDLY ABONDANT online the only difference between you and other competitors which makes you stand out is... brand.

People want to buy from authoritative sites which provide a great experience.

Saying sales before brand = denying UX as a whole, which is totally wrong in 2022...
 

PHPInjected

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What no one has said yet is that you have to want it.

Sure, everyone 'wants' money/success. But you have to want it the same way you want to post on Facebook, play video games, or waste your time doing something else.

You have to want it the same way you want caffeine or food.
 
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landscaperguy

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It's rare to have that drive which pushes your determination when things are really tough. I think Steve Jobs or maybe it was Elon talking about their early days being like that and I've found it to be true. I've not personally known anyone who has that kind of drive and determination as I do, which worries me because i want my offspring to take over without being spoiled daddy's boys losers.
 

Kendoka

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Completely agree with you.

In an era where content is ABSURDLY ABONDANT online the only difference between you and other competitors which makes you stand out is... brand.

People want to buy from authoritative sites which provide a great experience.

Saying sales before brand = denying UX as a whole, which is totally wrong in 2022...

And I want to add a few more thoughts.

After having been lived and done business in different branches in China for more than 20 years in the past, I'm pretty sure there's now rarely a single real unique consumer product in the world. There's hardly anything, which people bought from you, that can't be bought somewhere else. So why should they buy from you? When you are telling them why by showing your price advantages, functional advantages, visual uniquenesses, or any other advantages, you are doing branding. Branding is nothing fancy, it's your own way of standing out and achieving sales.

I've been doing warehousing and fulfillment services in Europe since the day when we still didn't know something named COVID, and I've served many Amazon sellers. The ones who only focus on sales statistics and are weak on branding usually die faster. If you are not memorable or irreplaceable, there are always some competitors on the market who have better supply chains to copy winner products with lower costs and bigger budgets on advertising to kick you out.

So, just don't treat branding as something you would do when you see decent sales. It's something you should plan on even before you start trying to get your first sale.

Anyway, just my 2 cents.
 

Willyfish

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And I want to add a few more thoughts.

After having been lived and done business in different branches in China for more than 20 years in the past, I'm pretty sure there's now rarely a single real unique consumer product in the world. There's hardly anything, which people bought from you, that can't be bought somewhere else. So why should they buy from you? When you are telling them why by showing your price advantages, functional advantages, visual uniquenesses, or any other advantages, you are doing branding. Branding is nothing fancy, it's your own way of standing out and achieving sales.

I've been doing warehousing and fulfillment services in Europe since the day when we still didn't know something named COVID, and I've served many Amazon sellers. The ones who only focus on sales statistics and are weak on branding usually die faster. If you are not memorable or irreplaceable, there are always some competitors on the market who have better supply chains to copy winner products with lower costs and bigger budgets on advertising to kick you out.

So, just don't treat branding as something you would do when you see decent sales. It's something you should plan on even before you start trying to get your first sale.

Anyway, just my 2 cents.

Totally agree and I would also add that branding is NOT only a logo.

The first thing you should do when creating a company is being sure that you have a place in the business world or you are just "noise" and we have enough noise and infobesity/useless products.

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These 5 things are very important to answer first, even though it can change over the years...

If you don't know first why you exist and why you should exist... it's unlikely you will have any kind of long time success because you shouldn't exist.

If your purpose is to "make money"... good luck, we are in a relationship marketing world today, not product centric world, so if you don't provide value to your audience, it's unlikely you will make it with sales only, or everyone would do it...

Attracting customers is more difficult every year and people stick to brands which make them feel apart of a COMMUNITY... like here in BHW, perfect example. If it was only a "make money forum" with no soul, it would have never survived from 2006 to today.

It's branding 101.
 

JavascriptPufferfish

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The one that wins is the one that followed through, executed the plan properly, gave their best and never gave up
or is well connected and has some luck. often connections and luck >>> hard work. not being salty or anything, its how it goes, and connecting can be hard work for many.
 

r3L4x

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In my past I always thinked about hard work and long learning hours about my niche is the key.

Now I think that luck or time when you decide to do stuff makes 70% of success. Other stuff is just a hard work.

And who will argue just think about dudes who bought bitcoins for 100 bucks or apple - google stocks.
I have a lot of good examples. Remember how SEO whose easy in past? In old times you could boost your
ranking using traffic bots... My niche is mobile apps and ASO, I know dudes who printed money buying fake reviews.
 
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