A Make Money Online Reality Check
I’m writing this primarily as a reminder to myself, but if you’re trying to make money with an online business, you may enjoy it as well. It was taken from Shoemoney’s latest Q & A session:
Marty asks:
When you first got started, how long did it take you to start earning significant money online? Significant meaning when you started earning let’s say at least $1,000 a month.
Thank you,
MartyShoeMoney: 7 years
7 YEARS!!!!!!!!! Not 7 days, or 7 months.
I guess the take away is that it takes time, there is a lot to learn an assimilate. The other thing is to favor the long term in all your techniques and methods, if you go short term, you’ll likely have to redo most of the work.
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Comments ( 18 )
Geldseiten added these pithy words on Apr 30 08 at 2:04 amHi Jon
I’m sure that this is the reason why most fail. Not because they are doing things wrong but because they don’t stick long enough with their projects.
Nishu added these pithy words on May 02 08 at 4:19 amI guess thats the reality .. I keep starting everything from scratch over and over again ..
Affiliate Business Advisor added these pithy words on May 16 08 at 4:49 pmIt really depends what vehicle you choose to start building your business with. Select the wrong one and you could be 7 years down the road.
Select the right one and you could be 7 weeks down the road making way more than $1000
Find a good market, that needs something, go get it or build it for them
Tom At The Home Business Archive added these pithy words on May 22 08 at 7:34 amNo wonder 95% of all people trying to make money online fail.This shows that you need to focus and work every day to achieve results.
Codrut Turcanu - AdSenseProfitTips.com added these pithy words on May 27 08 at 8:50 amI fully agree with you Jon.
One of the most interesting things about online business is people would like to be rich overnight. They don’t treat online business as real business but they are looking for some kind of magic pill.
Cheers,
Codrut Turcanu – “Succeeding Against All Odds!”
Krissy added these pithy words on Jun 28 08 at 9:20 amThis is quite helpful, I feel like I am on-line all the time!! Just trying to get a bite or two to my on-line business. I feel like I am getting no where. I feel as though I am in the wrong places at all the wrong times, do you have any suggestions for me as to where to go and maybe I should post my information differently? I am successful in person, just not so much on-line…
Psychic Advice added these pithy words on Jul 13 08 at 12:04 pmToo bad i didnt come across this blog before. Great stuff you got here. Thanks.
Ms. Liz added these pithy words on Aug 26 08 at 6:29 pmI think sometimes people expect too much too fast from the net and if they don’t see results quickly, they move on to something else hoping it will be faster. They spend so much time jumping around that they can’t keep up and then eventually give up. I say find a business model proven to work, do it right, stick with it and don’t lose focus. Make it happen and you will get there
Hugo Santos added these pithy words on Sep 01 08 at 5:31 pmhum 7 years? that is a relief! this means that im not a total screwup lol.
Caleb Nelson added these pithy words on Oct 13 08 at 8:20 pmJon,
How long did it take you to get to $1000 a day? And, what was your highest earning in a day?
Not that, I’m looking for quick results, but just a good benchmark for my own online business.Thanks,
Caleb
http://www.mefinanciallyfree.blogspot.com
Jon added these pithy words on Oct 13 08 at 8:41 pmHi Caleb,
the most I’ve ever done is about $700 in a “normal” day (not counting if I sold a website or something like that).
Be aware in the article Shoe is talking about taking 7 years to get to $1000 a MONTH.
$1000 a day is getting close to about a $1,000,000 a year, which would put someone in pretty elite company.
Dean Holland added these pithy words on Jan 08 09 at 8:29 amHi !!
I Know why most fail…
Because they are TRYING to make MONEY on the internet.. So why is that a bad thing ??
Get this .. For a long time I have been trying to make money on the internet but instead just lost $000’s on ‘proven systems’.. I jumped from program to program despareratly TRYING to make money !!
It never happened … So when did this change ??
Well I met an online marketer at my first seminar a few months back and got chatting with him, we became friends. His name is Alex Jeffreys and he told me..
“Stop trying to make money and start to build a business”
I said to him what did he mean ?? What should I go away and do then ??
He told me to get a blog started, tell people what I do on my blog and HELP people out. Do NOT try selling and chasing money just build a business and help people.
At first I was like HUH !!??
But now guess what … My blog is 10 weeks old, gets between 88 – 430 visits everyday and has made me over $3,000 profit
Everything I have done so far is there on my blog for anyone to see and follow along and thats what I have done.
So my advice to those not succeeding YET, stop trying to make money and build a business.. If you give, give, give you will reap massive rewards for a long time !!
Best of luck
Mobiles added these pithy words on Jan 27 09 at 9:54 amI think 7 years is enough time to do the following (I’m upto 6 years full time):
- Find a niche
- Create site based on niche, research competition
- Submit to same places as competition
- Develop site, including relevant affiliate programmes (moving away from Adsense)
- Promote site
- Target keywords and continue to promote….Within his 7 years I bet he’s created many failed sites, started over and learnt lessons…until he made Nextpimp and Shoemoney and focused on them fulltime.
marcus passey added these pithy words on Jan 27 09 at 12:09 pmI have been searching for an extra income online for the last 8 years.
My problem is to much information and not understanding how stuff works, I call it newbie overload.I have now started a new project called my debt free journey, just trying to make it as newbie friendly as possible.
Ryan Davis added these pithy words on Apr 21 09 at 2:58 pmWas ShoeMoney really serious when he said 7 years ! I mean that is a long time to be honest or is it the overall time ?
Anthony added these pithy words on Jul 16 09 at 11:19 pmIt is not easy for sure. But 7 years? I find that amazing (slow). I do reckon that making money from online is not easy. But 7 years is really something to ponder.
Paul Lowe added these pithy words on Dec 26 09 at 6:47 amAny business that you set up will take time wheather on or off line. Anyone who expects instant success starting with nothing will be very dissapointed. You have to see your internet business as if it were an off line business, the only difference is the sheer number of customers you can sell to. Be realistic and set yourself goals that are achievable. The old addage “if it seems to good to be true, stay clear”, applies to a large number of programs on the internet, but not to all. Do your research and don’t jump in too quick.