Friday, 7 April 2017

Busting the Myth: You Can't Make Money Online


Once you decide to learn how to make money online you'll quickly run into plenty of "information" written by failed internet marketers claiming you just can't do it. What you need to realise, though, is that plenty of people try to do it but never succeed. They either give up before they actually generate a profit, or they never actually figure out what they're doing.
In this article, we're going to bust the myth once and for all. You'll learn:
  1. That it's easy to monetize a website
  2. That plenty of people are buying things online, and you can earn a piece of that pie
  3. That you can make money without a website if you're willing to freelance
  4. That you can figure out how to best monetize in your own niche by researching your competitors
Monetizing Websites is Super Easy
One of the challenges with running a brick and mortar business is keeping inventory. Of course, if you're running a service business you don't have to do that, but those types of businesses have their own challenges. When you run an internet business, though, you can make money without having any inventory at all.
You can monetize your site with drop shipping, affiliate programs, or even contextual ads. All you need to do is figure out how to get enough targeted traffic to your site. That's hard to do in a short period of time. But if you're willing to stick with it for two to three years you're guaranteed to generate plenty of it!
Consider the fact that most traditional businesses operate without generating a profit for three years, and this will all start to make a lot more sense. Those businesses require their owners to take a loss during that early period. When you're running a web business you have no overhead, and therefore no loss to swallow.
Which business seems to be a better idea, now?
There Is Plenty of Commerce Taking Place on the Web
In the United States alone, $231 billion worth of business was done on the web in 2012. Forrester Research Inc. projects that to increase to $260 billion in 2013 and $370 billion by 2017. That's a lot of money. All you need to do is figure out how to get in on the action.
By setting up a website that takes advantage of affiliate programs it becomes incredibly simple. Again, you can't expect your internet business to start generating massive profits in a few short months. It may take years. But with virtually no costs other than your time, it is clearly worth waiting for.
Freelancing Opportunities Are All Over the Place
If you aren't interested in trying to start your own website, or if you've tried and decided that you're ready to give up, then you might want to look at freelancing. At the time of this writing, the following statistics are accurate:

  1. Upwork.com has 19,944 active projects in need of freelance workers
  2. oDesk.com has 41,249 active projects in need of freelancers
  3. Freelancer.com has 11,983 active projects available

All combined, that's a total of more than 70,000 opportunities for anyone looking to make some money on the web. Sure, you won't qualify for most of those projects, but there's bound to be something out there for you. If you were absolutely in a rush to make some money, you could hop on one of these sites and probably make your first dollar today.
Competitive Research is Easier When You're Running a Web Business
Figuring out what your competitors are doing when you run a traditional, real-world business can be virtually impossible. On the web, though, it's so easy that it might as well be a joke. You can use tools like Open Site Explorer to find out how your competition is generating traffic. You can also click around their site and figure out how they've monetized it.
Operating a web based business provides unprecedented access to competitive research. Perhaps those that say you can't make money online are just not cut out for running any kind of business at all. As this article has demonstrated, it's far easier to make money on the web than anywhere else.

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