I write this blog post because I think it’s important for everyone who want to make money online understand how online business works.
Some of my friends suggest that I should write about this topic.
To be frank, I am not yet a successful blogger who earns a lot of money. But making money online is a topic that I have been followed for years. I know which models are the right ones and which models that you should not pay attention to.
To start, I just want to remind you two principals:
- There’s no such magic that you could become a rich person over night or in a very short period of time. There’s no such secret system that will help you to generate thousand of dollars without doing anything. Don’t buy any system! Don’t join any program! It won’t happen. Don’t obsess with the money.
- Nothing is free in this world, even a free meal.
Don’t get me wrong. It doesn’t mean that making money online is not possible. It’s possible but it’s not easy. You need to work hard. You need to build your brand and trust. You need to be able to provide education, services or products.
Pat Flynn from Smart Passive Income who generates more than 40,000 USD dollars per month from his online business mentioned about two important factors that could bring you success in making money online:
- You need to have confidence in yourself
- You need to give it some time
There’s one thing that I want to make it clear here. Don’t join any program that requires you to ask someone else to join the same program as you in order for you to make money.
It doesn’t make sense.
I’m Ok if someone recommend me a good hosting or a good WordPress theme. I am happy if someone recommend me to buy a book. I am Ok if someone send me some affiliate products. I also recommend some products because I used them and I like them. I recommend because this hosting, WordPress theme, Book or product might help you in someway.
If you decide to buy it, I will get some commission. Again it doesn’t mean you need to pay more then a usual price if you buy it through my affiliate link. You pay the same price. But the owners is happy to pay me the commission because I bring them a new customer.
But to join a program or a system that could make money by inviting others to join doesn’t make sense to me. It has to be a product or service. A system could not survive by just inviting people to join.
This is not a good way of making money online. You can’t depend on something you can’t control. If you are about to start your online business, you need to have 100% control on it.
I will give you an example. It’s not an online business. But it will make you more easy to understand about this type of business model.
I have received a call asking me if I want to earn 2000 USD dollars per month. I thought it was an online project. I asked her back how did she get my number. She said she found it on the internet.
I thought they visited my website and want to discuss about online business with me. I agreed to go to their place. Then, they start to introduce the products which are mostly pills.
I didn’t stay long because I know I was cheated. I know this kind of business model since long time. I thought nobody is going to believe it.
They don’t have to explain me in details. Since I saw a lot of people there, I know their business model. If I could bring my friends to buy their products, I will earn money. If I could bring my relative to buy their products, I will earn more money. Then, if I could bring all my family and relative to buy their products, I probably earn more money.
But what’s the point?
We can have good health by eating good food, doing exercise and living in a good environment. We don’t need pills. We need pills when we can’t eat. We need pills when we can’t resist to the virus etc.
we don’t need to take pills all the time. If we follow this models, we will end up by spending all our money to buy pills or their products.
A good product don’t need that process to grow their business. If I take a pill and it did help me to recover from my illness. I will note the name. And if I see anybody who have the same illness, I will recommend it to them.
It’s simple to understand.
There’s a nice bar that never open its front door. People need to access via a small street in order to entry be the back door of the bar. There’s no sign either.
But the bar has always a lot of customers. It’s spread by word of month. This is the real nice bar. They didn’t pay you to bring more costumer but they make their places and services to satisfy you so that you will invite your friends to come, if you prefer of course.
I support that type of business. I like the bar anyway.
I know there’s similar type of business in making money online world. I don’t want to give any detail because I myself don’t get involved much with this type of business.
Here are the real online business models I know so far:
- Create Website and Earn from advertising or affiliate programs (quite easy but not so sustainable)
- Create Online Training (Hot market)
- Provide Online Services (Consultant, SEO services, Website Design or Development…)
- Create Software or Mobile Applications (Requires knowledge and expertise)
- Work as Freelancer (Requires knowledge and expertise)
- Writing Book (long process and need a good platform)
These are the real models of making money online.
What I learn from the book Anything You Want is that every business is created to solve a problem. Start helping people to get what they want, then they will give you what you want.
I write this post in hope that you don’t allow yourself to stuck in a system that you cannot control. As I said in the beginning you need to have full control on your business.
What’s you up to lately in making money online? I hope you could share some of your thoughts with us. Share with us if you experienced the type of referral system. I love to hear from you.