Common Myths of Making Money Online

Common Myths of Making Money Online
By Bruce Woodward

Undoubtedly as a practicing, or potential, online entrepreneur you have seen the sales copy, email promotions and videos indicating how you can make money overnight, and in the some cases even in the next hour! You may have even given in a time or two, at your weakest and most vulnerable moment, when you were making no money, and there were pictures of mansions, expensive cars, beaches and yes, even those stock photos of mounds of cash. You won't be judged. I too have fallen prey a time or two in my younger years. It all seemed so good, for so little, and being young and na�ve, you buy into it.

There are certain myths to the internet world and making money with the internet.

Internet Marketing

I add Internet Marketing here as a myth not because it in itself is a myth, but the belief that you have to be proficient in internet marketing and or sell nothing but internet marketing media to make money is. Some people will say that teaching internet marketing is where the money is. I say, for the most part, internet marketing is saturated. There are hundreds, thousands maybe even hundreds of thousands of people peddling programs that claim to bring you big riches overnight by selling a program or programs that are related to internet marketing.

Internet marketing is indeed a valuable tool. It is one that will help you tremendously if you are an affiliate selling someone else's product - but, it is by no means a deal breaker if you are not good at it. So long as you are willing to explore potentially other avenues rather than affiliate business. And, even if you still affiliate market, then minimal knowledge of internet marketing may end up working out for you.

Magic Programs

We've all seen them. This is probably one of the, if not the, biggest myth on the internet. Yet it is continuously used in marketing ploys, emails, sales pages and videos to pull at your heart strings and to make you think, in your most vulnerable time that this one may just work. Cold reality folks: They don't. About the only thing that is "magical" about having a business online is that the internet does not discriminate against you for who you are or where you are from as it does not care about your ethnicity, looks, age or really much of anything else on a personal level. So, the next time you see that advertisement, or sales page, or video, or email about how Joe Schmoe is going to give you a program that will make you money in an hour - buy it at your own risk, but do not buy it thinking that it will produce in an hour. The internet just does not work that way.

Be A Millionaire Sipping Martinis On The Beach In A Month

Folks, just like how magic money making potions are myths, so is this one. If this was fact, there is no doubt that the beach would be full of martini drinkers - your brother being one of them. Everyone would have bought the program and retired. The truth of the matter is this just does not hold water. Even the richest of the rich (Steve Jobs, Bill Gates, Mark Zuckerberg) did not become wealthy overnight, or in a month. It may seem that way to us, as their rise and wealth did come quickly - once they were in the spotlight. But, how many hundreds or thousands of hours did they spend "behind the scenes" to get there? I would bet that it was more than a month.

Spend 5 Minutes A Day And Retire

This is part mythical and part truism. It is mythical because of the tactics used by salespeople to make you believe that only working 5 minutes a day will make you financially secure in days or weeks. That simply is not the case. Similar to the reasons above, this can be a truism after much time and effort has been invested in the early stages.

I believe that with the four myths I have outlined above that you are probably catching on to the underlying theme of them all - get rich quick, get rich overnight, etc. are simply myths. It will not happen to the average internet marketer. The dangers in buying into it, even if you are just looking to be optimistic, is that you will get discouraged when you have not made a sale in your first month or two or more and give up on the whole process.

The cold reality of it is that there is no magic system, no magic potion, no magic anything that will bring you success overnight, or within an hour. However, with that said, I am not the type to give you a cold dose of reality without at least trying to provide some tips or suggestions for what you can do help achieve your goals.

And, speaking of goals... Check out my article Tips To Help Avoid Failure Online where I touch more on goal setting.

Bruce has been in internet marketing and most all aspects of the internet for almost seventeen years and is the owner of his own blog at http://MySocialHomePlace.com. He is also an IT professional. Don't get scammed.

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