Posted by Max Davis as Internet Marketing, Make Money Blogging, Make Money Online
I have a strong belief that making money on the internet is NOT for everyone!
If any of the following statements match your current situation, then you should look elsewhere to make money…
- You want a magic button to push that makes you money.
- You don’t have more than $300 to your name.
- You don’t want to work more than 1 hour per day on your business.
- You don’t have any desire to learn new things.
- You are afraid of risk.
Starting an internet business is the greatest opportunity in the world, but I think some people have this skewed perception of what a real internet business is.
I guess it’s because of all those stupid infomercials on late night tv that make it sound like you can sit at home in your underwear and watch money fly out of your company. I’m not sure where else people can the idea that it’s that simple…
Don’t get me wrong, making money online is very easy to do, but you have to put in the time, effort, money and use proven strategies to make it happen. Compared to digging ditches for a living, an internet business is a piece of cake!
Compare starting an internet business with starting a regular, brick & mortar business…
To start an internet business, you need:
- $8 for a domain name
- $10 for website hosting
- $300 for miscellaneous software, training materials, etc.
- $900 for advertising / marketing
- about 10 hours per week
- 30% chance of making nice profit
- no employees / workers comp insurance, etc
- no theft or other headaches, etc
- Total risk = Less than $2,000
To start a brick & mortar business, you need:
- $50,000+ for inventory
- $100,000+ franchise fee (if using a franchise)
- $36,000+ for first year commercial lease
- $3,000 for advertising / marketing
- about 50+ hours per week
- 30% chance of making nice profit
- $80,000/year for employee salaries & insurance
- deal with employee/customer theft, etc
- Total risk = $200,000+ and high stress
There is a dramatic difference between the two types of businesses, which is why so many people are flocking to start an internet business.
It amazes me when you hear people chatting about how it’s so hard to make money online or how expensive certain software programs are or training courses are. In reality, it’s absolutely peanuts compared to a “regular” business!
You’re either cut out for owning a business or you’re not. Don’t worry if you’re not, that’s why there is such things as JOBS. Not everyone is cut out for business ownership.
BUT, on the other hand, if you are truly fed up with your job, want to start an internet business to eventually surpass your job’s income and become truly independent, you can do it! Millions of us are making their full time income online, so obviously if we can do it, so can you.
If you don’t have any money to start your web business, your best bet would be to pick up a part time job for a couple months. Save ALL of that money from the extra job and once you have built up $1,000 or so, THEN start up your internet business. It will save you lots of headache, stress and frustration compared to starting an internet business with no money to your name. It’s hard to spend that $30 on a piece of software when you should be using that money for groceries or gas.
If you don’t want a part time job, you can try one of these 3 easy ways to make money online to get you started and help you put money aside for your internet business.
I’ll try to help you anyway I can if you have questions about starting an internet business. Leave your questions in the comments section below…
7 Responses
Mike Huang
May 12th, 2008 at 6:35 pm
1I would say a lot more people are looking forward to starting some type of business online rather than at a B&M location. The perceptions are all wrong and people don’t realize that it is more difficult than it looks.
-Mike
Jason
May 12th, 2008 at 7:33 pm
2I really think that the best way for someone to start off in the internet marketing niche is through affiliate programs. And the one being the best I think by far is the build a niche store and ebay.
From all the research that I have done looking for the best solution to earn a second income online was with the build a niche store. Their are so many positive information out there about this software and using ebay. I know you have posted here about it before and it shows even more proof that it is a good program for beginners allowing people to make money and also learn SEO and how online marketing works. Just think of 100 sites creating 1 dollar a day. That would be around 36k a year.
Now I dont know anyone that would say no to that unless they are already successful doing something else online.
Max, I think that most people here are interested in just making money now so that they could build it into something bigger like flipping websites. I noticed in the comments on your BANS post that its very active and people are still looking for info on how to build the BANS business.
Maybe you could do a post for the people that are trying out the BANS software on what to do once they have a niche and site going. Meaning how to get anchor links etc to help build traffic. People also must know about the good sandbox that you cant get away from unless you buy a older preowned domain name.
Anyway I thought it would be good to follow up more with the BANS since you have a lot of readers that are following what you said before.
Take care and love the blog:)
Jason
Doc SEO
May 13th, 2008 at 5:10 am
3Online business is better than brick and mortar business. Lots of advantages in online business. You could learn from many tips list in others successful blogs. From online business you could get customer from around the world. It is no limit to it.
Mr MultiVar
May 13th, 2008 at 7:15 am
4Maybe most people need to get over the initial hurdle of making at least some money online?
In this respect, I think Adsense is the best option. If they can’t make a profit with that then, yes, they should stay in a JOB or work for us.
Roy Phay
May 14th, 2008 at 2:07 pm
5Hi Max,
I’ve been running my online business for 3 years now, the journey hasnt been smooth sailing but I’m proud to say that every minute and effort put in has been well justified. I believe internet marketing is a skill that can be learnt as long as one is willing to put in adequate hardwork.
Cheers,
Roy
sukosaki
May 15th, 2008 at 4:05 pm
6well, I must say, good points. I never really thought about it, being it ecommerce and more recently affiliate marketing, but you can fail at a couple of online businesses before it costs as much as brink and mortar.
Thanks!
Amanda Proctor
May 17th, 2008 at 10:48 pm
7I will have to respectfully disagree with you here, Max. The great thing about the Internet is that anyone can start an online business with nothing more than free knowledge and even a free website. While it would probably be a good idea to invest in at least a domain name and hosting as soon as you can afford it, it’s not absolutely necessary. The only thing you really need to get started is a willingness to learn and the desire to succeed.
RSS feed for comments on this post · TrackBack URI
Leave a reply
to top of page...