Wednesday, February 24, 2010

Trading Your Time For Nothing - How Not To Make Money Online

Most of us probably started the same way when we attempted to make an online income.  We got this crazy notion that we could make millions just like those internet gurus do.  That it is possible.

But we just needed someone to show us.

So we clicked links.   And we found free "systems" if we just entered our information in the opt-in form.  These people promised that if we just followed their system then we could get rich just like them.  And we believed it.  So we tried them and nothing happened.  We used free traffic exchanges because we bought into the idea that we didn't have to spend money to make money.  We soon figured out if thousands of people were promoting this web site why would people join me?  And then the cycle began.

We found more free content and tried to read huge ebooks that we got for nothing and ended up on so many email lists that just reading the emails took hours.  And we  didn't really get anywhere.  How many free ebooks do you have cluttering your hard drive?

So what are we supposed to do if we still want/need to make a little extra cash?

If you've been spinning your wheels for so long without results here are a few tips to clear yourself and your hard drive from information overload and have your own "money-making system". These are two of the most important steps to creating an online business according to this recent post from the CopyBlogger.
  1. Try.
  2. Repeat step 1 until the desired result is achieved.
And here are some of my tips:
  • Traffic Exchanges are okay if you're just starting out.  Just don't join anything.  Get your free credits by clicking on through web sites so you can get people to see yours.  Traffic exchanges are good practice for learning how to write compelling titles or ads.  But this could turn into an unpaid job if you get involved too much.
  • Don't follow the latest trend.  Pick one method and stick with it until you've mastered it.  I just realized that internet marketers are always looking for new products to promote to their lists and once they run out of ideas they go back and recycle something that was done years ago.  Remember banner ads?  I'm getting emails promoting banner ads now which were passe several years ago.
  • Manage your emails.  I sign up to several email lists every week, but I also unsubscribe to a lot of them every week too.  Especially the ones who give me no value - the ones who are always offering me a product with each one.  Have a folder for each marketer that you value their information.  Sometimes I give people extra time to show me value.  If I don't see it forthcoming I unsubscribe.
  • Focus.  If you don't do anything to move your business forward every day then you're just treating it like a hobby.  People will sense that you're not being serious.
  • Every once in a while you may want to buy a product if it's going to help you.  Sometimes they help you get to your goals quicker and save you time.  Just don't buy everything.
There are many more tips I could tell you but figuring out where your best efforts applied that can bring your business to the next level is the best teacher for you.  Do what works for you and keep on trying.

If you found this helpful, would you mind stumbling this post on StumbleUpon?

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