Friday, January 2, 2009

How to Make Money on the Internet - 7 Tips to Help You Succeed

If you are wondering how to make money on the internet, you aren't alone. Many people are searching for the "secret key" to this mystery. In reality, there are no secrets. There are many ways you can make money online. The only "secret" is to find a method that appeals to you, learn as much as you can about it, and then follow through. Here are some tips that will help you on this quest:

1. Stick To One Plan -if you have researched ways to make money with your own business you may have heard the expression "multiple streams of income." This is a potentially valuable idea, but it can also lead to a scattered and "ADD" (Attention Deficit Disorder) approach to your business. You should start off with one system and stick with it until you either achieve some success or decide it really isn't for you. You can add multiple streams later.

2. Don't Be Afraid to Spend A Little Money -if you have heard that "it takes money to make money," this is usually true. If you want to make money online, you have to realize that you will have to spend some money. Even "free" methods cost something, such as hosting for a website and domain. There is good free information online (hopefully this article is an example of this!) but some educational material you will have to pay for.

3. But Don't Spend A Lot -don't make the "newbie" mistake of trying to make millions of dollars overnight. This might lead you to buy an expensive, and probably questionable product. As I said, you will have to invest something, but you don't have to invest hundreds or even thousands on a single product. If you are in a position to do this, make sure you research the product and read some objective reviews before purchasing. There's no way to burn out faster than to get scammed by overpriced online "programs!"

4. Develop A Routine -remember that your online business is just that --a business. Whatever method you use, it will require some consistent effort on your part, whether it's writing ads, articles or blogs or setting up web sites. You have to put in some effort on a regular basis. So put aside some time and stick to your routine. Make sure that you don't spend your work time randomly web surfing, reading about business opportunities or getting into forum discussions! These can all be fun and even useful, but they are not what's going to make you money!

5. Don't Give Up! This may be a cliche, but if you want to succeed you will need persistence and a "never quit" attitude. With an online business this is especially true, as it's easy to get discouraged and to simply disconnect from your source of frustration. You should expect a certain amount of frustration and simply learn to work through it. Most of the internet millionaires out there had to go through a period of paying dues, and you probably will as well, no matter what the ad copy of the latest marketing program promises!

6. Stick To What You Enjoy -whatever you are doing online, figure out how to combine it with what already interests you. For example, if you love golf, you may want to sell golf products on eBay, or write information products on how to improve your golf game. If you love animals, art, jewelry or samurai swords, the same holds true. You will find it much easier to succeed and stick to your plan if you love what you do. You'll also tend to give more value to your customers, which will help you in the long run more than anything else. Which brings us to the final tip --

7. You Must Give Value First -sure you are starting your online business to make money, but if you really want to succeed you have to give something of value to people. If you think about this first, you will have a much better chance of being successful. Remember, everyone who reads your ads, articles, blogs or web pages has needs and wants of their own. Their goals are not to make you wealthy. If you want their business, provide them with something that truly contributes to their well being!

These tips should get you started on answering that question of how to make money on the internet.

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