What is it that makes money on the internet? Why do some people
seem to be able to make money and others don't. If you've ever tried to
make money by going to the internet then you know it's hard.
At least that is how it appears to be. Some people struggle for years and never make any money. If this is you, here is the inescapable truth of money making by internet.
Going back to basics
What makes money? Apart from actually printing money, money is not made but rather exchanged for something of value. So your purpose is to create something of value. With value it is important to make the distinction between buy in and sale value. The difference is your gross profit.
If you consider your money making by internet a business, what you should do, then the next big question you have to answer is: "What is the basic function of a business?". The answer is to get and keep customers. The value you are adding has to be sold to the market place. This market place is not some big black box. Ultimately, every sale you make is a purchase by another individual. This individual parts with his hard earned cash to buy your product or service. If you keep this in mind it will be easier for you to address your 'market place'.
Just the fact that you are selling on the internet does not make it any different from other ways to make money. If you are delivering a service or are filling in surveys or using Fiverr to perform specific tasks, you will ultimately be judged by your performance. So your service has to be excellent. If you sell goods, then the same factors apply. The product has to be good enough for people to want it and only a small amount asking for refunds. Make sure you understand the basic laws that govern your area.
The Three Basics
There are three basic things that have to be in place for you to make any significant amount of money. These are so basic that it's hard to ignore the fact that if they are not all in place, you will struggle.
1. Knowledge
2. Infrastructure
3. Mindset
You have to have knowledge to deliver a service, select the right products, target the right prospects and deliver the right message to them. If you are lacking in a particular area then invest time in acquiring that knowledge. Your investment might even cost you money, but this will be money well spend.
Without infrastructure any venture will falter. Infrastructure are the things that need to be in place before anything can happen. Think for instance about internet access, website, eBay account, Google AdWords or AdSense, PayPal account. All this is fundamental and you have to figure out what you need and then just get it in place.
Mindset was mentioned last but really should be mentioned first and with big capitals! The biggest mistake most people make is wandering from one opportunity to the next. There are many opportunities out there. Once you are subscribed to an ezine or someone's email list, you get tons of special offers. Because you are on the internet to make money, you're in the target group yourself. But don't fall into the trap that comes through lack of focus.
Select the right opportunity for you. Analyze it, check it out. Search for it on forums to make sure it's a genuine opportunity and that it will help you to achieve your goals. Once you've chosen, stick with it and see it through.
At least that is how it appears to be. Some people struggle for years and never make any money. If this is you, here is the inescapable truth of money making by internet.
Going back to basics
What makes money? Apart from actually printing money, money is not made but rather exchanged for something of value. So your purpose is to create something of value. With value it is important to make the distinction between buy in and sale value. The difference is your gross profit.
If you consider your money making by internet a business, what you should do, then the next big question you have to answer is: "What is the basic function of a business?". The answer is to get and keep customers. The value you are adding has to be sold to the market place. This market place is not some big black box. Ultimately, every sale you make is a purchase by another individual. This individual parts with his hard earned cash to buy your product or service. If you keep this in mind it will be easier for you to address your 'market place'.
Just the fact that you are selling on the internet does not make it any different from other ways to make money. If you are delivering a service or are filling in surveys or using Fiverr to perform specific tasks, you will ultimately be judged by your performance. So your service has to be excellent. If you sell goods, then the same factors apply. The product has to be good enough for people to want it and only a small amount asking for refunds. Make sure you understand the basic laws that govern your area.
The Three Basics
There are three basic things that have to be in place for you to make any significant amount of money. These are so basic that it's hard to ignore the fact that if they are not all in place, you will struggle.
1. Knowledge
2. Infrastructure
3. Mindset
You have to have knowledge to deliver a service, select the right products, target the right prospects and deliver the right message to them. If you are lacking in a particular area then invest time in acquiring that knowledge. Your investment might even cost you money, but this will be money well spend.
Without infrastructure any venture will falter. Infrastructure are the things that need to be in place before anything can happen. Think for instance about internet access, website, eBay account, Google AdWords or AdSense, PayPal account. All this is fundamental and you have to figure out what you need and then just get it in place.
Mindset was mentioned last but really should be mentioned first and with big capitals! The biggest mistake most people make is wandering from one opportunity to the next. There are many opportunities out there. Once you are subscribed to an ezine or someone's email list, you get tons of special offers. Because you are on the internet to make money, you're in the target group yourself. But don't fall into the trap that comes through lack of focus.
Select the right opportunity for you. Analyze it, check it out. Search for it on forums to make sure it's a genuine opportunity and that it will help you to achieve your goals. Once you've chosen, stick with it and see it through.
Peter is a website designer and internet marketer and always
looking to support people in making more money. For information on how 5
ways to get started making money on the internet go to: http://www.howtogetmoremoney.net/5ways
Article Source:
http://EzineArticles.com/?expert=Peter_Vandyk
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