The 5 Biggest Lies About Making Money Online

Making Money Online is EASY!

 Most newbies start their quest to make money online by researching the opportunities available to them.  If you Google “Make Money Online” and start clicking on a few of the links you are barraged by “snake oil” salesman who promise that for $49.99 they will teach you how to make money online.  10 minutes a day and you can be a millionaire…just paypal them 49.99 before the last chance offer runs out.  Bull! 

It’s a shame that so many great sources of information exist that are “tarnished” by these opportunistic vultures but no matter what you read, no matter what system you use, no matter how little time they say you will spend…it is simply not true that you can make millions spending 10 minutes a day.  Making Money online takes time and effort, and anyone who suggests otherwise is misguided at best and a con-man at worst.

Get Rich Quick!

I think the first thing we need to define is what is “quick,” because that will vary dramatically from person to person.  I think most people define quick as a few weeks and they think that a niche website and some adsense is all that is required to start raking in the dough. Wrong. 

In my opinion it will take at least a year of dedicated work before most will see any kind of a sustainable income if ever.  I know it can be done much faster than that but I think it’s important to be conservative in your expectations otherwise you may become disenchanted and quit. 

Capital can certainly affect your start up time…if you have the capability to purchase a website that already makes money then your ramp up time is considerably less but the majority of people seeking online money are starting with little to no money.  $49.99 isn’t the kind of capital I am talking about either…a website that has enough income to make a living from will sell well into the 5 figure range, in fact 12x monthly earnings is a commonly accepted multiplier although I caution you to not take that as gospel.

Making Money Online Requires No Investment

As I alluded to above, you can significantly impact your timeline with the right amount of capital applied in the right manner however for the majority of people this is not an option.  I will concede that it is possible to make money online with little to no investment but it is not free.  You will have expenses involved, you may or may not encounter upfront fixed costs such as a computer, a digital camera, a printer, an internet connection, hosting etc.  You will also need either the skills to build websites or the capital to buy them, you may or may not use PPC to drive traffic etc.  There are a host of hidden costs involved in Making Money Online…nothing comes for free.

Now clearly there is no question that you can save significantly with an online business vs an bricks and mortar business however you should go into it knowing that most people who succeed invest in themselves and in their business.

ANYONE Can Do It!

The optimist in me would like to think that anyone can do it but the simple facts are this…not everyone can.  Not everyone has the personality, temperament, skills, determination, drive or any of the many essential traits required to be successful.  It is important for you to assess whether working at a computer for hours on end with little to no social interaction with co-workers is for you.  Do you have the patience to start slow but build your empire brick by brick or are you the type of person that demands instant gratification.  Do you you need to be part of a team?  Can you drive yourself to produce day in and day out with no supervisor?

I am positive of one thing and that is simply this, you will positively fail to make any money online if you don’t try.  If you sit there staring at your screen for hours reading about what everyone else is doing and not taking action then you are guaranteed to fail.  The single biggest trait that separates those who make money from those who don’t…is the willingness to act on their ideas or plans. 

Nobody Makes Money Online!

I am sure that you will hear this from your friends or family.  The world is full of people who are so cynical and so programmed to follow the 9-5 herd that they are convinced that it can’t be done.  They are so confident in their belief that they will attempt to dissuade you from your endeavor.  They might even go so far as to ostracize you for straying from the “herd” mentality. 

They are absolutely right about one thing….they won’t be earning big money at anything because they are paralyzed.  They will never act on even the most blatant opportunity that is right in front of them.  They ensure that they won’t fail by never trying anything. 

Ok there it is….my collection of the 5 biggest lies about Making Money Online.  Hopefully you have successfully navigated these iceburgs already in your journey to entrepreneurship and you are now well on your way to your goals. 

Time to Fess up….are you making money online or are you still thinking about it?

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