How to Make Money Online? Whether it is because of the flagging economy or the lure of being able to produce some extra cash to augment their income, more and more people are trying to find ways to make money online.
Many will undoubtedly succeed, but the fact is that the majority of Internet marketing newbies who have no real clue as to what they are doing will give up before they have even begun to do the work required to generate a decent online income.
This is a shame, really, since there are so many money-making opportunities available on the Internet. The main reason why most newcomers to the arena of online marketing fail to meet the expectations they have set for their businesses is that they have the wrong ideas on how online marketing is supposed to work.
If there is anything that I have learned while plodding through this business as a newbie myself, it is that I will never achieve anything if I stick to certain misconceptions and don’t make the effort to try out ideas that are supposed to work. The online marketing arena is a huge jungle and if you don’t have the right mindset to make things work for you, then you will only meet failure in the end.
There are ten lessons for key principles to make money online that I have learned the painful way as a newbie in this arena, and these are what I shall impart to you right now.
Key Principles You Need To Make Money Online
10 principles to make money online
If you are looking to start an Internet marketing business or want to work from home, these are the 10 key principles that I believe you will need to succeed.
Can you succeed without belief? It’s all to do with your mindset, and as Henry Ford once said, “Whether you think you can, or you think you can’t, you will always be right.” So, if you go into your business venture thinking that it won’t work and will fail, it invariably will, as that is your expectation. Sometimes it may be hard to maintain your belief, particularly in the early stages of your business, as you don’t always see things happening as quickly as you might have expected, and then negative thoughts may start to creep in. This is entirely natural, and it is at this point in your journey, that you need to ensure that persistence is on your side!
Start with the Right Mindset
The biggest mistake that newcomers to the business typically make is thinking that it doesn’t take a lot of work to make money online. Sure, the sales page of the online marketing e-book you just bought says generating wealth with an Internet business is very simple. However, you should never let yourself believe that it is not going to take a lot of work at all. In fact, you’d be amazed at just how much time and effort you need to spend just to get things up and running.
If you want to earn some serious income with an online business, you had better be prepared to work for it. The first six months will be the most crucial for the long-term survival of your business, and the amount of effort you put into it will determine just how successful your business will be in the long run.
Persistence is a great leveler, as it is an attribute that anyone can employ, whatever your intellect or capability. You really don’t need to have studied at the top universities to be able to make a great success of your business. In fact, many successful entrepreneurs and businessmen started with nothing, apart from a desire to succeed, and of course, persistence. When things get tough or you’ve been knocked back, you need the persistence to pull you through. Many people may well give up at this point, but if you are truly serious about succeeding, persevere, try and try again, until you get what you want or where you want to be.
Never Work Alone
Working online sometimes gives you that sense that you’re all alone in this game. It may certainly feel like it, but that is one trap that you must avoid at all costs. With all the work that you need to do to establish your online business, you will not be able to get much done if you work on your own.
First, you need to find a mentor. If the Internet marketing guru from whom you bought the system that you are using offers one-on-one mentoring, you should make a beeline for it. You will never know what gems you can pick up from that kind of personalized mentoring. But if you cannot avail of that one, you should scour the Internet for other learning resources as well as connect with other Internet marketers like you. You can profit a lot from the exchange of ideas you will get from these interactions.
Second, you should hire people to do some of the work you need to do. For example, if writing is one of your weaker points, then you should hire a freelance writer to do your writing for you. With all the work that you need to do to get your business going, you should learn to leverage your time by using other people’s time to get those tasks done. Focus on what you can do and delegate the other tasks to the people you hired.
Don’t Expect to Earn Something Out of Nothing
All businesses require some sort of capital. This is a business we are talking about, after all, and so you will need capital to get your business running. If you are really serious about your business, do not hesitate to shell out some cash for the essential stuff. At the very least, you should invest some $10 on a website domain and some more on the fees and salaries of the freelancers you will hire.
There is no such thing as a free lunch. I don’t deny that the idea of being a bum marketer, where you can earn money online without spending a lot as business capital, does work from time to time. But the money that you will earn from being a bum marketer will come in trickles, not serious enough to make you wealthy but enough to get you some extra change from time to time. If you’re only after some extra cash, then you can be a bum marketer. However, if you want to generate a really decent income, prepare to make an investment in return.
Don’t Spend for What You Can Get for Free
Having said that you have to spend some to make some, you should also know that there is also some stuff that you can benefit from for free. It is up to you to find out what things you need for your business that you can get without spending a dime.
For example, if you want to make money online through blogging, you do not have to pay for a web host provider for your blog if you cannot afford it. You do not have to hire a web designer to make you a blog template, either. Instead, you can try out free hosting services like Google’s Blogger and download some free templates. Just buy a unique domain name for your blog and then point it to your Blogger account.
Always Deliver Quality
The most important lesson that you must bear in mind is that at all times, you should deliver quality – to your customers, to your team, and even to yourself. Needless to say, you have to make sure that the products you have to offer your customers are impeccable in quality. They should be worth the money you are asking for as payment for them. In addition to that, you should treat your team with fairness as well. Pay them according to the effort they have given the work you assigned them; also, a little kindness goes a long way.
Lastly, you should expect quality for yourself. Remember that the success of your business lies in your own hands. Give your business your all if you expect to get a lot out of it. Never settle for less.
Right Business System
However, if you have chosen to follow a business system, you need to ensure that it is one that is not only proven to work but that it will also give you what you need, in terms of backup and training. Remember, if you are new to internet marketing, you will need training and guidance, just like you would in any new job, so this should be one of the key elements when assessing your chosen system. If the system has already worked for lots of other people, then there should be no reason as to why it shouldn’t work for you as well.
The List – this should be your mantra! Your list is your business, never forget this. All your marketing focus should be aimed towards building your list, as, without this, the process of selling online becomes much, much harder, as you are then trying to sell to new, individual customers each time. And as all the marketing gurus will tell you, it’s much harder to find a customer than it is to retain them.
But, to get a customer in the first place, they need to know and trust you. People buy from people! So, you need to be building relationships with your leads, and not bombarding them with the hard sell, to earn their trust, so that in time, they will listen to you and what you have to offer. The same rule applies to your customers, build the relationship, and keep in contact, as you ideally want your customers to buy from you over and over again.
Keep these 10 principles to make money online close to you on your journey, and success and wealth will be virtually assured for your internet marketing business.