Making Money: The Secret Ingredient

      3 Comments on Making Money: The Secret Ingredient

Increasingly, people are beginning to ask me what I am doing with my website and how I am managing to create an online income. Twice now, I have been asked to individually mentor people to success, so I thought it might be a good idea to create a series of posts on how to go about building a successful online business. In this series, we will be dealing with what works for me and what will definitely work for you too, if you are prepared to put in the effort.

Now the first thing I want to do is to warn you that creating an online income is not, in my opinion, for everyone. Sure, when my friends some to realise the income that my site generates, passively, they generally become very interested in how I have managed to create such income. But when the amount of time and effort required sinks in, they are usually not so enthusiastic. Yes, I want to tell you up front that it takes a good deal of effort, but it’s not rocket science.

Genuinely, I believe that anyone can create an online income, but not everyone will. In fact, most people will actually fail; a statistic which is often bandied about an internet marketing forum that I frequent suggests that around 95% of people who start out to make money online simply fail. Why is that? The answer is because they have not got what it takes. And you already know what that is but, just in case you need me to spell it out in a little more detail, it takes time, effort, patience and persistence.

If it grabs your interest and your imagination that it may be possible, on the internet, to become fabulously rich without working hard and trying, failing, trying again, failing a bit more, getting frustrated, trying again, failing some more, picking yourself up, trying again, seeing a bit of success, tweaking things, failing, tweaking a bit more, seeing more success and then finally breaking through, then perhaps this business is just not for you.

You need to beware of those ‘get rich quick’ schemes you see everywhere. Getting rich quick, or getting rich without effort or with little effort are the hallmarks of schemes that do not work. Eventually, the internet will become mature enough to weed out these things, but for now, you need to exercise a bit of discernment. Do not be deceived by images of flashy cars and big houses. They are very easy to acquire and to put on websites; they are only graphics. Many of the ‘get rich’ sites simply use stock photos, so don’t be fooled by them.

Succeeding on the internet, in my experience, is not a quick process, it is in fact a slow process. That’s not to say that it’s not possible to get rich quickly; it is indeed possible, I believe, but it is just not very likely. Now this is a very important point to make because, when people actually begin to start making money, it is often so little that they feel they must be doing something wrong. Their reasoning goes something like this: if it has taken me six months of constant effort to get to the stage where I am making a few measly dollars per day, then it is just not worth my time. And you know what then happens don’t you? They become one of the 95%.

Now, I can tell you that I am in the 5% of people who have actually become successful and the main reason for that is my little formula above – time, effort, patience and persistence. The reason that I am now in the 5%, rather than the 95% is that I absolutely refused to give up! It took me one whole year before I made any money at all online – mainly because I didn’t have any real idea what I was doing. But now, my site makes money every day, passively, so I do know what I am talking about and believe me, if you are in it for the long-haul, if you refuse to give up, if you will just keep going, then you will realise that you simply cannot fail. In fact, you can only fail if you give up, so the first thing you need to do is to resolve that you are going to do whatever it takes to succeed.

When you begin to see success, it will very likely be slow and the amounts you make will very likely be small amounts, but you need to see that as success, not failure. Learn how put your systems on autopilot and concentrate on scaling your efforts. Guess what then happens: yes, you get just a few more dollars flowing into your account. Again, although it may have taken you much more time and effort than you first thought, you must again systemise things, automate as much as you can and then get back to the process of scaling your efforts.

Eventually, you will get to the stage when you can turn on your computer and watch the little notifications of sales dropping into your account – passively. You friends will see your results and wonder how you manage to create your income out of thin air; and they will ask you what your secret is. When you tell them what your secret formula is, they will probably not believe you. They will think that perhaps you are holding something back when you say: it’s simple, anyone can do it, it just takes time, effort, patience and persistence.

3 thoughts on “Making Money: The Secret Ingredient

  1. Aykut Pehlivanoglu

    I liked your article. You are so right about patience and persistence. I have a company which owns a website network. We are now in that 5%, but it takes years to make decent figures from an online business.

    Common belief is that internet is a place to make “quick and easy” money. However, online businesses are no different than any other business.

    It is marketing 101; you need to establish your strategy, you need to think long-term, you need to work hard and you should not be afraid to fail or to make mistakes.

    If your audience, customers or visitors start to like your service or your product, then you can start to make profit.

  2. Will Edwards

    Hi Judith

    Thanks for popping over. I remember coming across your site way back before I was offering free books, and I remember thinking this lady seems to know what she’s talking about. I liked the way you did your covers too. I seem to remember that you paint them and then photograph them. When I read Train Your Brain, I knew I wanted to offer it as a free gift. Then I realised that you were a Warrior too – small world eh?

    Anyway, thanks for allowing us to give away your book. I still get lots of great comments from our visitors who have read and enjoyed it.

    Good luck with your business too.

    Best wishes,

    Will 🙂

  3. Judith Tramayne

    Boy, howdy, you are so right in this post. After 13 years on the Internet, I can definitely agree it takes time, effort, persistence but most of all patience.

    Patience for technology to catch up with our passion and dream. I remember having to explain what an ebook was back then. I thought the ebook evolution (revolution) would only take a couple of years. Took a wee bit longer, but I’m enjoying the benefit of my patience, time, and hard work.

    I’m glad that you are also.

    I remember your email to me asking if you could offer “Train Your Brain” to your readers about 8, or 10 years ago. I was so flattered.

    Now I just want to say “Congratulations Will” and may we both always enjoy this journey of being successful Internet entrepreneurs.

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