Why 99% of People Fail to Make Money Online
This is a guest post by Glen Allsopp. To contribute an article simply click here 
Do you know why most people fail to make money online? Is it because they don’t have money to start off with, is it because they look to get rich quick or is it because they don’t have a good mentor? Actually, that was a bad question, because it is none of those things.
The reason 99.9% of people fail to make money online is simply because they don’t take action. Seriously, action is all it takes.
There are literally thousands of guides out there to help you make money, even Caroline offers a completely free niche WordPress guide that can help you get started. I think it’s safe to say there are 2 types of people that fail to make money online:
1) Those that don’t believe they can do it or don’t believe they have the skills so they don’t even try
and
2) Those that know exactly what to do, they just never do anything about it
Making money online really isn’t that difficult, it just requires some knowledge, a bit of effort and a lot of perseverance. Even last month I set up a brand new website in 4 hours, and in the same month it made over $1,000. This is not my best website by any stretch, but it just goes to show that once you have a solid grasp of this business, the dollars are not hard to find.
Just in case you fall into category one above, or even if you’re in category 2 and need a new direction, I’ve decided to outline a simple formula to help you make your first dollars online.
1. Find a Niche You are Passionate About - I know everybody says this, but there’s a good reason for that, it works. Unless you plan on doing PPC to Landing page work for specific network offers, then it’s a good idea to work out what you love. What do you do already that you would love to get paid for?
What clubs do you take part in outside of work? What are your favourite topics in school or college? If you rack your brain for a few minutes, you should be able to think of a few industries that interest you. It’s a great feeling when you start making some money online, but it’s even better when you know you actually enjoy the topic that your website is about.
2. Decide Which Way You Want Make Money – I’m probably underestimating when I say there are hundreds of ways to make money online, there are far too many to list here anyways. Once you know what it is you are passionate about, it’s good to decide how you want to make money.
Some options from the top of my head include:
* Creating an eBook relating to your passions that helps solve a need
* Starting a blog on the subject and writing unique, quality articles
* Building forums so that other people can discuss the topic
* Creating an information site that attempts to earn money with contextual ads
There are many more, but these are some of the most common options online. Once you know what type of site / product you want to build, it won’t take much searching for you to find out how.
3. Set out a Plan of Action
If you want to create an eBook then there are various elements that you need to put together. For a start, you need to study the market to find out what people are missing in your niche. It may be possible that people are just not interested in an eBook about your topic, or it may be that there is a huge gap in the market. Either way, it’s your job to find out.
If you did find out there was interest, then you would need to get an eBook cover sorted, register a domain, build your landing page and set-up some form of payment processing. Some of this may sound difficult, but it’s all easily achievable. Set out a plan of action of exactly what you need to do, and then…
4. Take Action – That’s it. This is why most people fail to make money online, they simply don’t do anything with their knowledge. Don’t think that you need to have everything perfectly in place just to start making a go of things. You’ll actually find that most of your learning comes from doing.
Good luck!
About The Author
Glen is the author of ViperChill, a blog on Viral Marketing. He makes his living online and wants to help other people do the same.
I have to say that I’m starting to be less than impressed with the niche idea, especially when it comes to blogs. With all the reading I’ve done, it seems that one of two things should happen. One, you’ll get targeted visitors who are interested in that niche, and therefore you’ll make pretty good money from your advertising as long as it’s somewhat related. Or two, if you pick the correct niche, you’ll gets lots of visitors also, which never hurts.
That hasn’t happened with me. One of my blogs is niched towards financial information. Almost 190 posts in just under a year, and it hasn’t made a penny. One of my websites is niched towards medical billing information. It does okay with Adsense, but not a single product has sold; they’re rarely clicked on either. And that’s a pretty popular niche.
So, I’m not sure just having a niche is a big deal. The right niche, maybe. But in that case, if you could care less about the topic, then you look and feel phony. That wouldn’t work for me.
Great post. It’s 100% true. I was making about $5/day from Adsense and I was so happy that I stopped doing anything. It ended up that my blog lose almost all traffic and I’m making now $0.5. So action, action, action is required;)
Sure abt the 99% stat
ty for great informative post
very appreciated
IT is always easier said than done.
when someone fails again and again generally, he gives up, however that is the time when it should have more courage to really succeed, to prove to himself his true personality.
I think most people fail because they want to fail.
Well said, only with massive action taken then one can achieve success.
Some great tips there Glenn. Thanks Greg Ellison
Great realistic post. Btw, Glen’s link is not working because it lacks the “h” in “http”
Can you fix that please Alvin?
Kinda ruined the point of a guest post now
– but thanks for the opportunity!
sure.. it’s fixed…