What is the Most Cost Effective Way to Make Money Online?
I received this question form an ask form that I posted here: Advanced SEO is not Hard
The most cost efficient way to start an Internet Marketing business would be to educate yourself in all of these vital skills before attempting it:
1.
Market Research
2.
Market Profitability Research
3.
Keyword Research
4.
Web Site Blueprinting (forming your market and KW research into a website structure)
5.
Web Site Silo Design (Implementing the site blueprint)
6.
Copywriting / Article Writing
7.
Traffic Building Skills (social networks, blogging, PPC, etc, etc, etc.)
8.
List Building Skills
9.
Monetization Research
Once you acquire all of these skills then you will gain an "intuition" about how to make money in any market that you explore. Then it just becomes a matter of if you really want to spend your time doing the things required in that market to make money. You will also avoid spending unnecessary hundreds or thousands of dollars in an effort to create an internet marketing business based on only a "desire" to make money.
You see, the mechanics of making money on the Internet become confusing when you haven't gained your basket of skills yet. You become distracted with "marketed opportunity" and never gain the knowledge to spot your "own" opportunity.
Marketed Opportunity is an opportunity that is sold in a fashion that promises wealth or promises a way to quit your day job. I like to call it hype. The hype is created to sell a way to make money. The primary benefactor in this situation is always the opportunity pusher.
The opportunity pusher becomes seen as a "guru". The psychology is not very different from being charmed and swayed by a cult leader into doing crazy things.
The Power of your Intent
The power of your intent to profit online will be directly proportional to the extent that you "believe" that you can make money online.
To break this down another way, if you "try" to make money online then you will only seek ways that allow you to keep "trying". The guru's love this profitable state of being and readily exploit it by separating you from your money.
Inside you feel like you are working hard... "You're trying" ... you're running on the treadmill as hard and fast as you can.
You think that the more effort you put in, and the faster and harder you work will lead to success faster.
This thinking is inherently flawed. The brain is a powerful tool that always seeks out matching thoughts and information (matching neural connections). As you focus on trying to make money, your brain fires up & starts flowing with thoughts that match that focus and then you begin seeking those ways.
Those thoughts lead to action... Action leads to more thoughts, etc, etc, etc...
With the Internet you can quickly find answers that are in line with your thinking. So your line of thought on "tying to make money" lands you in a forum where you see someone advertising a "secret" path to high traffic and wealth. You buy and "try" and the vicious cycle continues.
You may have seen the movie The Secret or read the book Think and Grow Rich or read other books that teach The Law of Attraction...
If you are "trying" to make money online then you will go down a bad path. Making money online is very easy. It is as easy as you think it is... SERIOUSLY!
Michael Gray of wolf-howl.com made an interesting comment on his blog: Wolf Howl
"if you’re going to do something do it with gusto. if you’re going to be a filthy rotten low down no good dirty spammer, then by gosh do it right! Crank up your auto-gen bots and churn and burn through domains like Sherman burned through Georgia. if you’re going to go the content route spend the time build it right, do the research, stomp all over the person who holds the spot ahead of you. They have one page you have three, they have ten pages you have thirty, don’t settle for second. Don’t whine and complain that nobody pays attention or links to you. You want links, you want attention, stand up and do something hard, do something exceptional, do something amazing, do something note worthy, do something impossible to ignore, do anything other than being a crybaby." - Michael Gray
I suggest that you read his entire article. It is very "kick you in the pants", motivating. Read the full article at Wolf Howl.
Personally, I have re-created, over and over again, multiple businesses online from scratch. I mean complete scratch. Each time I start a new business, I simply remember all of the skills that I have acquired that allow me to look at a market and spot opportunity. I draw this skill from a deep understanding and practical knowledge of the 9 elements listed at the beginning of this article.
The most cost effective way to make money online is to educate yourself. Once educated then you will have the skills to create and build a successful Internet business and "cost" won't be a factor. Cost is never a factor if you know what you're doing. The only thing that can give you this knowledge is accurate information.
This is the inspiration behind University 20/20. A cost effective educational solution for aspiring web entrepreneurs. Whose mission is to provide top level education that is required to profit to the fullest extent of each student's desire.
Gain the knowledge which gives you the insight to "easily" make money online and quit "trying" to make money online. As Michael Gray puts it... Do anything but be crybaby because you'll just keep on crying.
The Internet is an electronic representation of the collective minds of millions of people. A database of human thought. As you think, so you seek and so you receive in relation to making money online.
You asked, "I want the most cost effective way to start an Internet Marketing business" and this thought led you to ask this question here. I hope I have helped to at least partially provide you with a path of thought that will lead you to the answer to this question.
Until next time,
Courtesy: Charles Heflin
