Why Most People Fail to Make Enough Money Online?

This question goes through the mind of almost everyone interested to make money on the internet. But most people fail to answer this question.

The biggest reason is that there is absolutely no right or wrong answer.

Because ……

It entirely depends on which way you choose to make money online. If your methods are correct, you might give a correct answer to this question.

The amount of money you could earn on the internet depends on several different factors. If you carefully review all these factors, you would probably understand how much money you can make in your journey.

So it’s not a good idea to answer this question with a few words. It will be much better to build your knowledge base on the different factors that directly influence your online earnings. Let’s answer these brilliant questions ….

Do You Have a Good Product Or Service?

Good products to sell online

Most successful online businesses depend on products or services that they offer to attract more customers. As long as you have a good product to sell or you provide some excellent quality services, you would probably stay for long on the internet. Internet is a vast market with huge competition.

To stay here, you need to have something others don’t have.

If the services you provide is unique in its nature, you would probably have best opportunity to attract huge audience on the internet. The number of your customers will increase every single day.

One happy customer means a lot more happy customers through the same customer. Or sometimes you will get repeat customers.

It all depends on the services you provide.  If people are attracted to it, they will come back again and again. There is no difference between a real world business and online business. Because everything is done by human beings and controlled by human minds. But, unfortunately most people take it wrongly.

If you have a good product, you can sell it on the internet for a long time just as a real world business. Read How To Make Money From Your YouTube Videos?

Internet is a huge market where millions of people engage every single day. Providing something valuable gives you the opportunity to market your product with more speed. More people will talk about your service.

As a result, you will have more people to be your customers in future.

If you are good marketer, internet can help you reach the biggest audience on the planet. If you know how to utilize your talent to make money, internet is the best platform to start your journey. The rest depends on you.

Are You a Good Writer to Express Yourself?

Good writer

Most of internet contents are actually written articles. People share their knowledge by writing articles and by spreading it throughout the internet.

Although there are videos and images available, most contents are actually written contents. If you are not a good writer, you may have to spend a lot of money just to hire writers to write about your products.

On the internet, articles are a very important part of marketing. It’s not possible for everyone to write expert articles. Expert writers earn hundreds of dollars every month just by writing articles for other companies.

The article you are reading right now is worth more than $50 on the internet market. It could be worth even more than that.

So you can understand the possibilities to earn money just by writing articles online. You can sign up at Real Writing Jobs to make money writing articles and stories. I have heard many good reviews about them.

You must be an expert in your field with enough knowledge. Because without knowledge and writing capabilities, a person doesn’t really have any future on the internet. Unless you are the owner of a big organization, it’s not a good idea to spend a lot of money just to hire writers to write for your company.

However, if you have money to invest, that is something different.

Are You Serious about Your Online Presence?

A girl is thinking

Only a serious minded businessman can start a business and run it for a long time. If you don’t take your business seriously, you are just wasting your time.

Because you will go nowhere earning no money at all.

It doesn’t really matter which way you choose to make money online, if you are not serious, you will ultimately fail.

Even if you don’t have a product or service to sell on the internet, there are many other ways to make money. Sometimes you need money to invest and sometimes you don’t. But whether you work for yourself or for others, you will be successful if you are serious about what you are doing.

Are You Truly Committed to Success?

Commitment to success

Those who have been successful to make millions of dollars online have not made their millions in a single day. It took a long time to succeed. If you are committed to success, you need to be persistent. Don’t quit what you are doing to make money. Don’t change your mentality every now and then.

Remember, if you want to get something you have never had, you have to do something you have never done. If you keep a mentality that it will not take a long time to make good amount of money online, you are wrong.

Seriously, it takes at least a few years to build online presence and make it stable. In the beginning, you won’t see the money. But if you are committed, money will follow you very soon.

Read 15 Legitimate Ways to Make Money Online Seriously.

Are You Able to Act on What You Learn?

Learn to do it

You need to be a quick learner or at least have to be able to act on what you learn. In the way to make money on the internet, you will make a lot different decisions. Most of them will work. But a lot of them might not work.

You need to learn from your mistakes and rectify it as soon as possible. Apply your knowledge to do something better every time.

If you can write well, you may start a blog. If you can express your views, you may write reviews on different products to earn money. If you don’t have a product, you may promote other people’s product and earn commissions.

If you want to share your knowledge, you may even join forums that share revenues with the members.

But whichever ways you choose to start your journey, you are going to learn a lot of thing. It’s only when you can implement your knowledge from what you have learned in the best way, you can expect money coming in your way continuously.

How Much Money Can You Invest?

Invest money on right things

Although, you don’t always need money to make money on the internet, sometimes you will need to invest money to market your products. You don’t just need a good product, but also an excellent marketing strategy.

Having an excellent product is not always enough, but you need people to know about it. So you need to advertise your products and services to attract the most of customers.

This is where you need money. Most free marketing methods on the internet take long time to work. It takes quite long time to show any significant result.

Advertising is the best way to gain exposure in a short amount of time.

To advertise your products in the best places online, you need to invest money. Then, you can expect to see some good results. Advertising really works.

Do You Really Enjoy Helping Others?

Help someone in problems

If you help people, they will not only know you, but they will remember you for a long time. Help them and they will come to you again and again.

You must remember this ………….

Every opportunity to help someone is a golden opportunity to be a part of their life. Sometimes it may be their income.

Now if you can help through your products or services, it is going to be the best marketing strategy. But if the products you sell or recommend are not valuable, you can still make some money. But you are not going to stay in this market for a long time. You will soon realize the number of customers you are losing.

If this is not your choice, try to recommend the best products. Or if you have your own products or services, try to make it the best you can make.

If your product is helpful enough, your name will spread all over the internet in almost no time. This will give you enough chance to market your products and get new customers as well.

If you can answer all the above questions positively with a big YES, you are probably going to have a great future on the internet. Internet helps people make money. But it can also destroy your life if you don’t follow the right strategies. Just follow the right way and stick to it.

If you blindly spend all your money without caring enough about the results, it may have a very bad effect on your financial situation.

There are people making millions. But there are also people who made nothing.

Please share if you liked the article.

Comments

  1. Hi Tamal,

    I think most people have a wrong thought about making money online, people tend to think as it’s online then it’s simple and easy. I like to think of making money online as similar as to making money offline. Both are governed by the same rules, you need skills, you need to spend time, effort and sometimes money. Thanks for sharing this article.

    • You are Right Qasim. It doesn’t matter whether you are having a business online or offline, you have to be serious about it. It is true that if you follow the right path, it may be easy for you to earn a lot of money. But if you don’t follow the right way, you may never be successful. What you need to follow is the right guidance and a right strategy to make your dreams come true. Nothing is possible. But you have to believe it from the bottom of your heart.

  2. Hi Tamal,
    making money online is an opportunity many can afford.
    The investment at beginning is really small in terms of money, but huge in terms of time.

    A suggestion is to start as part time hobby, and if you feel you love what you do, this may become your first income in future.

    But be sure to consider it as a real job:
    it requires passion, determination and hard work!

    Thanks for sharing this article on Klinkk! 🙂

    • Thank you for your valuable comment Erik.

      Erik, You are absolutely right. It should be started as a part time hobby at the beginning. Later, if you get fond of it and want to continue, you should start it as a online business. The most important thing is to love what you do. This one thing will make successful at just anything in your life. If you are serious, you can make it and if you are not, you can’t.

  3. Making money online isn’t difficult, but generating full time income is a different ball game and require a lot of work, knowledge, good planning, etc…

    • You are right Kaloyan. Making a full-time income online is not easy. You have to do a lot hard work and of course, you need good knowledge to run a successful business online.

  4. Hi Tamal,

    There are three ways of making money online that I always recommend:

    1) freelancing (practically any niche!)
    2) affiliate marketing
    3) online share trading

    These always work. You don’t need any “guru” blueprint to show exact ways. No one shows each and every way they are making money online. Some things are best kept to oneself.

    Nice blog Tamal 🙂

    • You are right Chitraparna. These methods really work, but not always and not for everyone. I have tried affiliate marketing and made hundreds of sales over the last few years. Now I feel it is the best way to earn extra income. But you must remember that you have to utilize your intelligence in a far better way. Choosing the right product and marketing it to the right people at the right time is the key. Otherwise, you are never going to make any sale.

      Freelancing also worked for me. But I never tried online share trading. So I can’t say a lot about it. However, the best method I recommend is to build a solid blog and write an wonderful ebook related to your blog theme and then, selling it.

      What is your best method to make money online?

  5. Hi Tamai,

    Great post and great break down of the reality.

    So many think if they set up a website it automatically turns in a cash cow! They should read your post

    Naomi

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