Money! money! money!
How is money made online? Every day, there are new systems and platforms being introduced, and all of them are claiming to help people to make money online. They all come with pomp and hype and if you are not careful, you may end up joining every other system/platform that is being launched and not succeed in any of them.
Some are actually good, don’t get me wrong, but I thought it wise to enlighten you that whatever you hear or read about regarding money making methods, be it free to start systems, DFY(Done For You) systems, OTS(Over the shoulder) training..name them.
In this article I am I going to explain to you how money is actually made online, with the view that after going through, you will be able to decipher whether a venture online is worth your time or not.
Before we get to that, let’s start with offline money making processes.
Offline money making methods
Here is a typical example of how money is made in an offline setup.
Say you are employed as a tractor driver in an agricultural company, and you are given instructions to mow and bale hay so that it can be sold.
In the scenario above, the tractor driver has to offer a SERVICE as per his employer’s instructions to be able to earn a wage. Also, note that the employer in this case has to ensure that the service is done so he can have the GOODS(hay bales) to SELL and make money.
Here we see two parties making money right?
SOMETHING HAS TO BE SOLD.
For money to be made offline, something (a good or a service) has to be sold (except for thieves and the corrupt in society who have their own unorthodox ways of making money).
What of online, is it the same case?
Let’s find out.
- You sign up to a PTC site, surveys site, gig sites like Fiverr or Upwork. After completion of a task, you get paid.
- Another person produces an e-book, uploads on Warrior Plus or Clickbank, sells it and get paid.
- Yet another person builds a website sells it on Flippa.com
- You learn about affiliate marketing, or sell wealthy affiliate platform and earn commissions.
I could go on and on..but a pattern has come out clear, In all these examples. How did money get made?? You got it correct, something has to be sold, be it a service or a good.
Before I move to the next thing, I also need to mention that there are also scammers online who, just like in the offline setup where we have thieves and the corrupt, scammers steal and gain money online illegitimately through unscrupulous ways.
Seriously, scams are real online and almost everybody venturing online knows that, and it should always resonate in your mind that you have to tread carefully when venturing online. You need not be paranoid though, just be keen with what you engage in online and you will be fine.
The research phase
What are you going to sell to make money?
Next time you are introduced to a platform that is supposedly going to help you to make money online, you need to understand what it is that youe are going to sell to be able to make the money, is it your service? or are you going to sell the platform itself? or are you going to sell product(s) within the platform?
Is the product(s) sellable?
To determine whether there is potential for you to succeed in a venture online it’s very simple actually, especially if you know that something has to be sold. And in this case you have found out what to sell; You just have to find out whether the product(s) in the platform you want to get involved in is sellable enough. Is it worth the salt? Does the product(s) have a value to help leverage potential buyers?
The selling phase.
Now you know that people online pretty much make money in the same process, selling stuff (except for scammers). So why do some (the minority) succeed while others (the majority) fail to make money online?
Below are the reasons why most people do not succeed with selling online (hence not making money online)
- Not doing enough research to be able to understand the loopholes-spend most of the time in this phase
If you do not do research on any product that you come across to help you make money online, you may not have started off well. You are supposed to find out, as outlined above, what you are going to actually sell, and whether it is sellable. Should this two aspects remain fuzzy in your research phase of any product, maybe its something that you want to stop venturing into as you are bound to fail with it.
I know you don’t want to start selling a product that is not valuable and hot..so be thorough with your research phase.
- Not being action takers.
Now some people are just not doers, they find a good platform to help them make money online, but simply do not take action. Like in the offline setup, you actually have to put in effort in the online scenario as well.
- Not packaging a product well
The next critical thing that comes is the ability to present the product in an appealing, yet realistic and honest manner to gain the trust of your prospective leads. This is where training comes in to equip you with skills on how tackle the selling process and actually make sales.
- Lack of patience
Say you do everything correct and do not get immediate results, you should not quit and move on to the next available opportunity or quit altogether. If you are certain that you are doing the process correctly, keep at it and results will come in due time to reward your efforts. Lack of patience will make you to fall into the following trap;
- Taking up so many things at a go
While it is not bad at all to diversify in a number of platforms at the same time, just be sure you are able to sustain all the platforms that you are engaged in and that you are able to give all the attention required to each of the platforms. You need not keep hoping on to new things coming up lest you will be overwhelmed, you will lack the concentration to perfect in any of the platforms and, with diminished chances of success, you may be forced to quit.
- You should realise that you have to sell a product to earn money online.
- Find a product (s) that you want to sell, that is sellable.
- Decide how you want to sell and work on perfecting this process you intend to use.
- Package the good/service to appeal to your prospects, but do it honestly and realistically,
- Once you set the above in motion, be patient, remain consistent and results will come.
I do hope that this post has given you fresh insights to help you with your quest to make money on the Internet. Kindly share this post with your friends on social media.
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To your online moneys,