The Reason You Haven’t Been Making Money Online

15 Mar
2010

It has been estimated that all but 1% of everyone who trys to make money online fail to do so. That may or may not be true but from the complaints I see posted online I’d guess it’s pretty close. The unfortunate thing is that most of these failures result from errors that all newbies seem to make. The following is a list of potential reasons that you haven’t made any money online.

1. Are you counting on creating a downline? MLMs and any program that requires you to build a downline in order to make decent money is basically doomed from the start. A lot of people new to the internet see the paid to click or paid to read email programs that promise you all kinds of money if you just get ten signups and then those ten get ten signups, etc. What’s really sad is that for the amount of effort that you will put into signing up referrals you could actually create a long term income producing website.

2. You’re working in the Internet Marketing niche. If you’ve never made any money online how do you think you can to successfully promote products on Internet Marketing? This niche is just too saturated with actual experts for newbies to compete in. Find another niche to begin your money making attempts in.

3. You’ve only got one product or website idea. Many ideas, products and websites just don’t sell. If you’re committed to one of these ideas and are determined to make it work at any cost you will be in for a costly lesson. Most first attempts fail. You need to move on and try new ideas; it may be the next or maybe the tenth idea you try but eventually it will work. When I was big into pay-per-click ads I often would start five to ten new ad campaigns on one day. 8 out of 10 didn’t make me any money so I would drop them and focus on refining the ones that were working. Imagine how broke I’d be if I refused to let go of those bad campaigns? As time went on failures became less and less as I learned what worked.

4. You can’t or won’t follow directions. If you own one of the many courses available that claim to show you how to make money online there’s a good chance that even if the course works, that you still won’t make any money because you tried to skip steps and didn’t follow the instructions to the letter. If this sounds like you, go back and start over, and this time follow the directions as written.

5. You’re selling the wrong product. If you didn’t do keyword research to see what people were searching for and you just went ahead and made the site or product that you wanted to make there’s a good chance you’re going to fail. No amount of effort on your part is going to make people buy something that they aren’t interested in. You need to go back and find out what people want and cater your efforts to that.

6. You are paying for traffic. Anyone who does a little research and maybe buys a good course on getting listed in the search engines can get all the free traffic they want. Why are you paying for it? Paying for traffic affords you no time to correct mistakes or tweek your sales pitch or website. You will run out of funds before you figure out what to do. Find a good course on SEO and get all the free traffic you want through the search engines. Paid traffic is for experienced marketers only.

I hope that if you see yourself in this article that you stop making these failure causing mistakes.

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