Tag: revenue
Words of Wisdom for Making Money Online
by Tony Sanderson on Jul.18, 2008, under Making Money Online
When I started out attempting to make money online, after quitting my part time job, I thought I could do it with nothing but a site on a Virtual Private Server for $5 a month and a willingness to learn. This however is not the case. If you have any desire to make money online and you don’t yet you need to realize that you have to spend money to make money. At first it seems worthless: why should I spend $10-$20 to get submitted to directories or get links when I can do that stuff myself? And will I ever see $10-$20 worth of profit from traffic from those links? The reason SEO giants pay others to do those things is because they are smart, they know they will still make a profit, and doing menial tasks is a complete waste of their time. Therefore I implore you: please don’t make the same mistake I made and waste hours doing tasks for little in return.
Second you must diversify. No matter how great your idea is, you should always have a number of different sites to make you money. I made this mistake as well: I figured I could make a few dollars a day with Adsense on a simple blog to supplement my income for minimal effort. First off this didn’t happen: even with 8000 views the first month I only made about $9. After seeing such poor results I gave up and tried a new venture. Now the blog still makes me about $0.15 a day after not posting in months but the whole task was a waste, besides teaching me a lesson. If you have a really great idea, you can succeed with a single site, but you’re going to have to spend a lot to make it work. For the rest of you, build up a small network of sites on a private server, virtual hosting is too frustrating and costly. Income will be slow at first, but as your network of sites grows it will begin to pay for your server bill and some day make a profit. Making money online seems easy: it really isn’t. It takes hundreds of hours to learn and get started, but some day you will reap the benefits.