Tuesday 26 August 2014

How to Make Money Online

In recent times, many newbies have approach me and ask me this seemingly simple question 'How To Make Money Online?'
Well, there are no magic pill that anyone can swallow to grow their business online and start to make money online. If they are, I would be VERY rich selling them online.:-)
To be brutally honest, most newbies will failed in their endeavor to make good money online. When I mean good money online, I mean making a substantial income that can cover their expense every single month.
Yes, some may sell some stuffs online or promote some other people product online... they may make a couple of dollars here and there but failed to create a substantial income every month. Why is this so?
First off, they did not treat the online business like a business. They do it for fun and as a hobby, hoping to create an empire online. They are hoping for the impossible.
Get me right here, I am not discounting the 'think and grow rich' sciences that are flush out in the market out there. Indeed I support them and am consuming some of this stuff myself. The thing is if you treat your online business as a hobby, it will give your hobby income!
Secondly, newbies failed to sit down and do a proper planning on what they want to achieve from their online business. Just as in any real brick and mortal business, you need to plan for the success and outcome that you want your business to be.
Here are just some of the questions that you need to ask yourself.
How much do you want your business to generate every month?
For this amount of money, what type of online business model should I pursue to make this happen?
And most importantly, do I have the knowledge, resources and marketing know-how to create such a business model?
Thirdly, this is a common truth that I have discover why most newbies failed in their internet marketing business. They are not focus. They jump in the latest online bandwagon, buying this package and that package... attending one seminar after another.
Understand this fact, if you buy MORE than you sell, than you will suffer an income deficit.
Finally, you need get the right education, technologies and tools to accelerate the execution of your plan. If you failed to get educated, then you are planning for failure. In this age where information is power, you need to proper and right education to jumpstart and quicken your success online.
Let us recap what you need to do to make money online.
1) Treat this like a real business and not a hobby.
2) Strategically plan your online business model and system.
3) Focus every resources and time to making your plan come true.
4) Get the RIGHT education to accelerate your online business.
Point #4 is especially important if you want to learn how to make money online. If your business model is pertaining to selling information online, than you should check out the coaching program by Patirc Chan and myself at http://www.coachingwithyewheng.com.
As you go the website, you will realized that we will teach you everything you need to know on how to create a profitable online business selling information on the internet. Simply put, we will teach you how to make money online.


Article Source: http://EzineArticles.com/3454938

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