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Being Rich Through Online Business - Why Only A Few Made It
(No Ratings Yet) Loading ...This blog post is inspired by Yaro Starak’s blog post - Is Internet Marketing Just Another Fools Gold Rush?.
He mainly talks about the analogy of Internet marketing as fools gold rush - that is, the period when gold rush craze era begin. Yaro explained that during that time, the smartest of all is the business people that sell shovels, picks and other tools to search for gold. The first and early prospectors did struck gold, big time. Unfortunately, as the story of their success spread like wild fire, most new prospectors left empty handed.
The analogy explain Internet marketing - many said Internet marketing early ‘prospectors’ are the one who struck gold and being rich, while Internet marketing experts sell tools (”shovels and picks”) on how to make money online, as the craze era begin, just like the gold rush era.
Some so-called Internet marketing experts sell getting rich online tools, that actually don’t make them rich themselves! This is what Yaro called the blind leading the blind.
While Yaro agreed at some point that the reality of Internet marketing is just like the modern world pyramid scheme, he insists that the continuing growth of resources and demand will keep Internet marketing and online business a promising land. Moreover, he indicates that today is just the early days of the Internet marketing industry and online business as a whole.
But then, why only a few made it, if it is still early?
How to be the few who made it
Here is a question that you have been asking yourself during your make money online journey - “If online business is so lucrative, why only a few made it?”
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Build Online Business and Make Money Online for Newbie
(No Ratings Yet) Loading ...About six months ago, I enter the online business and the make money online market as a newbie.
I’m still learning today and all I say is, you cannot stop learning if you really want to get something out of the Internet.
I recommend you to have the right mindset before you start your online entrepreneurship journey.
The right mindset is very important
You might be offered convincing products and services to help you shortcut into online business and make money online market. I suggest you NOT to believe each and every of them.
There is no easy way - “Get rich quick by joining my training program” and the likes are urban legends; “Make $ xx,xxx per month in 30 days easily” is a fairy tale; “No technical skills needed” offer is one of the worst selling proposal I have ever heard.
If you want to make good money from the Internet, your critical success factor is your willingness to work hard and to learn. THEN, you will see results s-l-o-w-l-y.
I agree to Robert Kiyosaki of Rich Dad Poor Dad’s statement - “The first million is the hardest to achieve. After that, the next millions will be much, much easier to get.”
I also learn from the A-list bloggers, such as Darren Rowse and Yaro Starak, that the best way to receive riches from the Internet is by being persistent, being resilient and learning continuously.
Where and how to learn the How-Tos
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Ready to Make Money Online? Get Yourself a Domain Name
(No Ratings Yet) Loading ...I’ve started falsely before and learned the hard way about the importance of domain name for your blogging to make money online.
Like most others, I started out at Blogger.com and Wordpress.com. I love the feeling of starting out of nothing for my make money online journey by blogging - especially if I can earn money out of my blogs.
However, I finally understood that I’m not building assets.
If you blog for money, your blog is a real business - treat it like one
If you are keen to blog for money, you have to realise that, just like other businesses, you have to build both cash flow and asset.
Free-hosted blogging might be a great solution for blogging for cash flow at nothing down, but not for asset building.
Yes, your unique content is yours and it is an asset, but what would happen if your domain name is not? In fact, your domain name is belong to the free blogging service providers.
Just like in the offline world of business, your blog’s asset is not only product (in this case, content) but also brand name - a.k.a. domain name. Not having a domain name is like having a business without a unique brand name.
The proof that domain name is an important asset
Just try to list your blog for sale in online marketplace. No matter how much you make, you won’t get any offer - even you will get scolded by the marketplace visitors! I’ve seen it before, so you can trust me on this :)
One excellent article that also chime the importance of having your own domain name and host the blog yourself is Make Money Blogging: Host Your Blog on a Custom Domain Name.
The blog owner, Alan Liew, really learns the hard way by not having his own domain name. He also states that not only his blog’s domain name belong to Blogger.com, but also he can’t sell the blog if he decided to do so!
That’s really unfortunate, because in my opinion, his blog, Money Maker Info, is one of the better make money online blog out there on the Net - unique and interesting articles, with exceptional income, I suspect ;)
The only action plan - get a domain name, host the blog yourself, and start creating outstanding content
What to do now?
As suggested above - the only action plan is: get a domain name, host the blog yourself, and start creating outstanding content. The rest will eventually come to you as long as you blog consistently and resiliently :)
Ivan Widjaya
Make money online
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A Million Dollar Blogger - A Realistic You?
(No Ratings Yet) Loading ...It is darn hard to create money out of blogs - that includes this blog :P
Bloggers are well known for free content providers. Bloggers are also known as being generous when it comes to providing valuable information. However, bloggers are not known for money makers.
Only a few of us that can make real money out of their blogs - Yaro Starak, John Chow, and Darren Rowse to name a few that earn the title of probloggers - that is, those that have authoritative voices in blogging world.
Bloggers - Hidden Champions?
I’ve visited blogs with excellent content, but not monetised well. But I’ve also noticed that more and more of them are trying to monetize their blogs, with a small success.
Here’s how I observe them - I observe what a blog can do financially by visiting Sitepoint Marketplace often.
There, you will find websites, which some of them are blogs, listed for sale. Some of them are mediocre, but some of them are exceptional.
The good ones I’ve seen has made anywhere from $50 to $1000 per month.
Not particularly a bad earning for a blog, but given the potentials that blogs have, I firmly believe that blogs can do more financially following the right path to go.
A million dollar blogger - good possibilities to be one?
I’ve recently stumbled upon Yaro Starak’s interview with one of the problogger in Australia’s automotive blogs, Alborz Fallah. His automotive blog is among the leading blogs in Australia, and has been valued by certified auditors for 5 million dollars. He raked in $30,000 a month about one year ago - so, go figure it yourself how much he makes nowadays :)
Just make sure you read his post and listen to the interview podcast, then you will see a simple, yet powerful, perspective of blog monetization.
Saying this, I am a total noob in blogging - I’m still at beginner’s stage of blogging. I swallow all information on make money online.
I do business online, as a noob, this past 5 months, and I learn a great deal.
One lesson that keep me faving on online businesses is that you have to take action out of what you learn. Those bloggers giving you tips for free are no rubbish! They know what they are talking about.
Perhaps not like what you are thinking of online business, make money online is actually not that complicated.
What will probably fail me and you, is our determination to stick to what we have been doing. 95% people trying to make money online fail because they stop digging right before they strike gold.
So, in conclusion, yes - being a million dollar blogger is possible, if you do the right things, keep doing them, and on the right time, at the right place. Then striking gold is suddenly not that hard anymore - if you succeed, people will go to you offering something that will only make you even more successful. This is also Alborz Fallah’s case.
The question is, do you think that being a million dollar blogger a realistic thing to achieve?
Ivan Widjaya
Aiming to be a million dollar blogger.
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