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7 Lies They Told You About Making Money Online

7 Lies They Told You About Making Money Online

We hear a lot of things about the Internet in today’s world. Whether it’s your friend or sibling showing you a funny video or your uncle telling you about “that new MySpace thing”, the majority of people are connected to the Internet on a daily basis. Even though people are on the Internet more and more, it’s still very new to us as a society. The concept of buying items and doing business online is still foreign to a lot of people.

One thing that seems especially ridiculous is when you hear about people making tons of money online. It almost seems fake that people can make a living using the Internet while you’re using it to look at cat pictures while your homework piles up. How do they do it?

This article will help clear up some misconceptions about the Internet and give you some pointers about making money online.

Myth #1: The Internet is a dark scary place where people scam each other.

In 2016, the Internet is no long the obscure uncertainty that it once was. Almost everyone in today’s society is online in some way. When it comes to the money-making community, this means there are more and more people with the same level of experience as you.

Are there bad people online? Yes of course. There are people who will do whatever it takes to get their way, even if it means stealing from people. Due diligence and patience will help you sniff out a lot of potential bad situations.

Some tips to stay safe when handling money online:

  • Use a reputable service like Escrow to hold the money until the transaction is complete.
  • Only proceed with a deal if you’re 100% comfortable.
  • When buying something know exactly what you want and ask questions to assess the validity and knowledge of a seller.
  • When selling, keep a documented record of everything. Have set polices that you obey by when dealing with customers. Your return policy should be clear and fair.
  • “Nothing ventured, nothing gained.”

Myth #2 : The Internet is great for business because you can quickly and easily make a ton of cash.

Anything worth doing takes hard work! Just because the Internet makes certain aspects of business easier or faster doesn’t mean the money will just start flowing in.

Depending on how you structure your online business, there is definitely the potential for a huge influx of cash. But if you ask most successful online entrepreneurs, they will tell you about a time in their life they spent struggling trying to figure out how to best use the internet for their business.

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The Internet is a big toolbox, you need to search each website for the right tool for the job. One site may have a virtual assistant who writes articles for you, another that has a graphic designer that you work with and another that you sell certain products on. Your mission is to figure out how to effectively use your tools and take advantage of how lucrative the Internet is.

Myth #3: That any product or eBook will tell you all you need to know.

There’s no collection of information that will tell you everything you need to know in order to be successful online. No matter how much it seems like an eBook or manual might help you, it won’t give you the full picture.

Part of being able to generate income online is combining tactics that have already worked for other people and applying your own creative twist to it. EBooks, manuals, and guides can definitely be useful and help you get started but trial and error will be your best friend. Once you figure out what works for you personally, you can increase your efforts and your profits.

Myth #4 : If you figure out a secret set of steps, you can make a ton of money working four hours a week.

Part of the genius of working online is the ability to create passive income sources for yourself. Passive income means once you finish the work, you continue to receive profits from it down the road. For example, imagine that it takes you 30 hours to write an eBook. Imagine you spend 1200 hours writing over a few years and end up with 40 books.

You take all 40 of your books and take advantage of Amazon’s kindle program, where they promote your book for you. If your book is good you’ll start to see some sales. Possibly a lot of sales if people like one of your books and decide to buy your other ones.

With a setup like this it’s definitely possible to only work four hours a week as your business grows over time. But as you can see the work it takes to get there definitely isn’t easy or fast.

Myth #5: It’s all a scam! No one is making money online.
Infographic9WaysToMakeMoney

    This couldn’t be further from the truth! Plenty of entrepreneurs have figured out how to market their services online and work from home.

    Even more and more offline businesses have figured out how to translate from traditional business models to developing an online presence.

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    The only scam is when people tell you that you can start making money overnight. Or that if you give them a certain amount they’ll flip it into more for you. Just like with offline ventures, you need to put in work and be of value to people to make money.

    Myth #6: You can start with no investment.

    No matter what type of project you decide to work online you will need to invest one of two things; time or money. Ideally you want to invest both, but only if you know what you’re doing. When you’re first starting out you’ll be spending more time than money learning and figuring out how to best make use of your skills.

    Making money online is basically being an entrepreneur. As an entrepreneur you have to have a strong belief in yourself. This belief needs to show itself by a constant desire to learn and try new things. Knowledge is power in this realm.

    Myth #7: You need to be an expert to make money.

    Just like in the “real world”, people buy online based on a need that they have. If you can fulfill a need people have or target people who have a specific need, then you can generate income.

    One of the most important things about working in an evolving arena like the Internet is to always stay learning. You may start out with no knowledge but as you progress you’ll slowly becomes extremely knowledgeable. You don’t need to be an expert to start out but knowledge is definitely what will help you move forward.

    The golden rule

    When it comes to creating opportunities for yourself online or trying to close a deal with someone via Skype always remember the golden rule: if it seems to good to be true, it probably is. Patience and common sense will save you a ton of headaches during your online journey.

    Don’t be so desperate to make money that you ignore obvious warning signs. Take your time and process each deal by taking close look at details. You should have a good feeling about the person you’re dealing with, the parameters of the deal and the agreed upon payment method. If you’re always critical about the different situations you get into online, you’ll come out on top more often than not. Don’t be afraid to ask questions until you’re satisfied.

    So what are some alternatives to explore that will help you make money online?

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    How-Teachers-Can-Earn-Extra-Money-Infographic-550x575
      Making money online is all about finding people you can be of value to

      Making money is similar to the life of a farmer. If the farmer can’t provide the ground with value by planting, watering, and caring for it properly, the ground will not reward him with crops that he can use to make a living. No matter what you’re offering, the Internet just makes it easier to reach people who may be interested. If you put value and helping people first in any strategy, you will be successful.

      Once you know what you want to do, explore all the avenues available for you to find potential buyers. Niche forums, blogs, social networks, and video sites are all places where you can let people know what it is you offer and to be of value to them.

      Upwork.com, Freelancer.com etc.

      Job board sites like Upwork and Freelancer.com are good options for people starting their freelancing journey. You can get clients fairly easily, build a portfolio while getting paid and get reviews that you can refer to for future projects.

      Local freelancing

      Don’t be afraid to pick up the phone and give people in your community a call. As said before, you want to find ways to be of use to people. If you learned a specific skill online, try and find some people locally that you can be of value to.  

      Craigslist/Kijiji

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      Classified sites are great ways to make some extra cash while cleaning out your garage or attic. This is a quick and easy way to use the Internet to get in contact with people who have a need that you can fulfill. You can sell items you no longer want or check the wanted section and see if people are looking for something you may have.

      Try and think about an item that would be popular in your area. If you can find it at a low price on a different site, you can import it and make a profit on the margins.

      Turning your hobbies into money

      As always, making money is about being of value to people. Think about what you enjoy and what people like you would find useful. You can create a product or service within your niche and be of value to people.

      Doing things like setting up a website, making YouTube videos, or sharing what you’re doing via social networks are great ways to draw attention from other people. You can use these tactics to build an audience, generate interest, and eventually start to sell whatever product or service you come up with.

      When it comes to making money online be prepared to put in a lot of hours of work. Having a clear plan of action is a big help but a consistent desire to learn new things will be your best friend during your online journey. This article has addressed some common misconceptions that should help change how look at working with the Internet. If you’re willing to put in the work, there’s no telling where you’ll end up!

      Featured photo credit: How Your Favorite Internet Companies Make Money via mashable.com

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      Anand Mishra

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      Last Updated on September 16, 2019

      How to Stop Procrastinating: 11 Practical Ways for Procrastinators

      How to Stop Procrastinating: 11 Practical Ways for Procrastinators

      You have a deadline looming. However, instead of doing your work, you are fiddling with miscellaneous things like checking email, social media, watching videos, surfing blogs and forums. You know you should be working, but you just don’t feel like doing anything.

      We are all familiar with the procrastination phenomenon. When we procrastinate, we squander away our free time and put off important tasks we should be doing them till it’s too late. And when it is indeed too late, we panic and wish we got started earlier.

      The chronic procrastinators I know have spent years of their life looped in this cycle. Delaying, putting off things, slacking, hiding from work, facing work only when it’s unavoidable, then repeating this loop all over again. It’s a bad habit that eats us away and prevents us from achieving greater results in life.

      Don’t let procrastination take over your life. Here, I will share my personal steps on how to stop procrastinating. These 11 steps will definitely apply to you too:

      1. Break Your Work into Little Steps

      Part of the reason why we procrastinate is because subconsciously, we find the work too overwhelming for us. Break it down into little parts, then focus on one part at the time. If you still procrastinate on the task after breaking it down, then break it down even further. Soon, your task will be so simple that you will be thinking “gee, this is so simple that I might as well just do it now!”.

      For example, I’m currently writing a new book (on How to achieve anything in life). Book writing at its full scale is an enormous project and can be overwhelming. However, when I break it down into phases such as –

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      • (1) Research
      • (2) Deciding the topic
      • (3) Creating the outline
      • (4) Drafting the content
      • (5) Writing Chapters #1 to #10,
      • (6) Revision
      • (7) etc.

      Suddenly it seems very manageable. What I do then is to focus on the immediate phase and get it done to my best ability, without thinking about the other phases. When it’s done, I move on to the next.

      2. Change Your Environment

      Different environments have different impact on our productivity. Look at your work desk and your room. Do they make you want to work or do they make you want to snuggle and sleep? If it’s the latter, you should look into changing your workspace.

      One thing to note is that an environment that makes us feel inspired before may lose its effect after a period of time. If that’s the case, then it’s time to change things around. Refer to Steps #2 and #3 of 13 Strategies To Jumpstart Your Productivity, which talks about revamping your environment and workspace.

      3. Create a Detailed Timeline with Specific Deadlines

      Having just 1 deadline for your work is like an invitation to procrastinate. That’s because we get the impression that we have time and keep pushing everything back, until it’s too late.

      Break down your project (see tip #1), then create an overall timeline with specific deadlines for each small task. This way, you know you have to finish each task by a certain date. Your timelines must be robust, too – i.e. if you don’t finish this by today, it’s going to jeopardize everything else you have planned after that. This way it creates the urgency to act.

      My goals are broken down into monthly, weekly, right down to the daily task lists, and the list is a call to action that I must accomplish this by the specified date, else my goals will be put off.

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      Here’re more tips on setting deadlines: 22 Tips for Effective Deadlines

      4. Eliminate Your Procrastination Pit-Stops

      If you are procrastinating a little too much, maybe that’s because you make it easy to procrastinate.

      Identify your browser bookmarks that take up a lot of your time and shift them into a separate folder that is less accessible. Disable the automatic notification option in your email client. Get rid of the distractions around you.

      I know some people will out of the way and delete or deactivate their facebook accounts. I think it’s a little drastic and extreme as addressing procrastination is more about being conscious of our actions than counteracting via self-binding methods, but if you feel that’s what’s needed, go for it.

      5. Hang out with People Who Inspire You to Take Action

      I’m pretty sure if you spend just 10 minutes talking to Steve Jobs or Bill Gates, you’ll be more inspired to act than if you spent the 10 minutes doing nothing. The people we are with influence our behaviors. Of course spending time with Steve Jobs or Bill Gates every day is probably not a feasible method, but the principle applies — The Hidden Power of Every Single Person Around You

      Identify the people, friends or colleagues who trigger you – most likely the go-getters and hard workers – and hang out with them more often. Soon you will inculcate their drive and spirit too.

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      As a personal development blogger, I “hang out” with inspiring personal development experts by reading their blogs and corresponding with them regularly via email and social media. It’s communication via new media and it works all the same.

      6. Get a Buddy

      Having a companion makes the whole process much more fun. Ideally, your buddy should be someone who has his/her own set of goals. Both of you will hold each other accountable to your goals and plans. While it’s not necessary for both of you to have the same goals, it’ll be even better if that’s the case, so you can learn from each other.

      I have a good friend whom I talk to regularly, and we always ask each other about our goals and progress in achieving those goals. Needless to say, it spurs us to keep taking action.

      7. Tell Others About Your Goals

      This serves the same function as #6, on a larger scale. Tell all your friends, colleagues, acquaintances and family about your projects. Now whenever you see them, they are bound to ask you about your status on those projects.

      For example, sometimes I announce my projects on The Personal Excellence Blog, Twitter and Facebook, and my readers will ask me about them on an ongoing basis. It’s a great way to keep myself accountable to my plans.

      8. Seek out Someone Who Has Already Achieved the Outcome

      What is it you want to accomplish here, and who are the people who have accomplished this already? Go seek them out and connect with them. Seeing living proof that your goals are very well achievable if you take action is one of the best triggers for action.

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      9. Re-Clarify Your Goals

      If you have been procrastinating for an extended period of time, it might reflect a misalignment between what you want and what you are currently doing. Often times, we outgrow our goals as we discover more about ourselves, but we don’t change our goals to reflect that.

      Get away from your work (a short vacation will be good, else just a weekend break or staycation will do too) and take some time to regroup yourself. What exactly do you want to achieve? What should you do to get there? What are the steps to take? Does your current work align with that? If not, what can you do about it?

      10. Stop Over-Complicating Things

      Are you waiting for a perfect time to do this? That maybe now is not the best time because of X, Y, Z reasons? Ditch that thought because there’s never a perfect time. If you keep waiting for one, you are never going to accomplish anything.

      Perfectionism is one of the biggest reasons for procrastination. Read more about why perfectionist tendencies can be a bane than a boon: Why Being A Perfectionist May Not Be So Perfect.

      11. Get a Grip and Just Do It

      At the end, it boils down to taking action. You can do all the strategizing, planning and hypothesizing, but if you don’t take action, nothing’s going to happen. Occasionally, I get readers and clients who keep complaining about their situations but they still refuse to take action at the end of the day.

      Reality check:

      I have never heard anyone procrastinate their way to success before and I doubt it’s going to change in the near future.  Whatever it is you are procrastinating on, if you want to get it done, you need to get a grip on yourself and do it.

      More About Procrastination

      Featured photo credit: Malvestida Magazine via unsplash.com

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