|
|
For the Last Time ... There Is
No Magic Wand!
by Elena Fawkner
"I'm looking for
a program that will make me enough money so that I can quit my job. I
need about $2,000 a week. I have to give a month's notice at work.
Will I be making that with your program by then?"
"I just lost my job
and I need to make a lot of money fast to pay off my debts. How
quickly can I make $35,000?"
"I'm new to the internet. Can I really make $200 a day with your
program?"
These are real extracts from three emails I received this week. This
week was no different from any other week. My respective responses to
the above three were "no", "not" and "yes,
eventually" (to paraphrase). To each, I sent a lengthy response
explaining what they should realistically expect to generate from each
of the programs in question. I didn't hear back from any of them. No
doubt they've given up or have moved on to someone who will tell them
what they want to hear.
I've lost count of the number of conversations like this I've had over
the past months. Too many. I'm sick of the sound of my own voice,
saying the same thing, over and over. So, this article is a summary of
all of the advice I keep giving over and over and is my response in
advance to all future queries that fit the "how soon can I get
rich" mold.
1. There Is No Such Thing As Get Rich Quick
You will NOT make $50,000 in 60 days. You will probably not make
$50,000 in 600 days. If you are very new to the internet you will be
doing VERY well to make $500 in 60 days. But you probably won't even
have worked out what you want to do before then anyway. Some people
don't EVER make enough money to cover their webhosting and ISP fees.
2. Your Computer Is Not An ATM, Nor Is Your Letterbox
Your computer is not a money-spitting machine. It is a tool for
conducting your business. Your business is something you create with
your own hard work and ingenuity using the tools you have at your
disposal and your own natural talent. Your business, if your hard work
pays off, will generate income for you but cash will never spew forth
from the CD ROM drive.
Your letterbox is not an ATM either. You will not go to your mailbox
tomorrow morning and find a stack of cash in there either. I don't
care WHAT you've heard.
3. You Have To Work Every Day
You will NOT make money while you sleep. If you make hay while the sun
shines you may wake many days later to find orders in your mailbox.
But those orders have come from your haymaking efforts, not by some
process of osmosis while you were sleeping.
4. You Have to Sow Before You Can Reap
You cannot reap what you have not sown. You will NOT receive orders
for your you-beaut internet rags to riches widget by slapping up a
webpage with a link to your credit card processor. You must invest
real time and real effort into creating a real product that people are
interested in acquiring and then you must let real people know that it
exists.
This is seriously hard work. A self-replicating website and a few
classified ads in half a dozen ezines does not equal real time and
real effort and, often, it doesn't equal a real product either.
5. You Have to Create Your Own Website
Affiliate programs are a good way to get your feet wet with internet
marketing. But they won't make you any serious money until you create
your own website with quality content that draws targeted traffic.
6. You Have to Create Your Own Product(s)
Even when you have created your own website with quality content that
draws targeted traffic, your income from affiliate programs will be
limited. The lion's share of the profits is going to the owner of the
affiliate program. You are working on commission.
To make serious money on the internet, you need to develop your own
product or service and keep the lion's share of the profit. Then YOU
can set up your OWN affiliate program and get everyone else to sell it
for you for a commission.
7. You Have To Run Your Business As A Business
Your internet business is a business. It is not a hobby (unless you
aren't making any money, THEN it's a hobby). So run it as a business.
That means being professional and customer-oriented. It means
exercising good business judgement and it means expecting to be around
this time next year.
8. You Will Be Dealing With Real, Live People
When you receive orders or emails, they will be sent by people, not
machines. Respond accordingly.
9. Don't Give Up Your Day Job ... Yet
It will take you a long time, probably many months, before you will be
earning from your online business what you are currently earning in
your job. So, if you're making $2,000 a week in your job, you won't be
giving it up any time soon.
10. You Will Have To Be Patient
On the internet, the time moves as fast as it does anywhere else. No
faster. When you start a business offline, it takes time, many months
usually, before the business starts to take off. It is the same on the
internet. The only thing that's fast on the internet is the
websurfer's index finger on the mouse button. Making money is as slow
online as it is offline.
11. You Will Have to Persevere
There will be times when you feel like you're just not getting
anywhere. You will feel like quitting then. Most do, in fact. Don't be
one of them.
12. If You Use Unscrupulous Tactics You Will FAIL
Some people decide that the real world does not apply to them and that
they can get rich without investing time or effort. These people tell
everyone whatever they want to hear to make a sale. These same people
buy bulk email and harvesting software so they can go around gathering
up all the email addresses they can find to send their sales message
to. These people figure if only one percent of these 100,000 names
respond that's a good return. They are wrong. What happens is they get
bombarded with hate mail and shut down by their ISP. Their business is
snuffed out in an instant.
13. There is no magic wand
Get it? Got it? Good!
Email this article to a friend
Browse all work at home articles
For discussions on home based business issues in Australia join WAH,
our work at home discussion list.
--------------------------------------------------------------------------------
About The Author : Elena Fawkner is editor of the award-winning A
Home-Based Business Online ... practical ideas, resources and
strategies for your home-based or online business. http://www.fawkner.com/subscribe.html
Related
Articles:
Drop the
Dead Wood
Sometimes in order to serve your customers better, you have to let
some of them go. That's right, get rid of some of your customers!
You Are What
You Spend
Money Talks: And What Does it Say to Working Mothers?
Promises,
Promises
It's election time
here in the US, and we're hearing a lot of promises from
politicians.
Getting
Paid ... Minimizing Bad Debts In Your Home Business
As a general rule of thumb, any business can expect to write off
between 3-5% of debt as bad. That's if the business's receivables are
managed properly. If not, that percentage will be much higher.
|
|