I am making
the living online from PAST 6 years now and currently running 4 different
7-figure income businesses. This is the common problem i notice with people
trying to earn money online and then after some little effort they start thinks
it’s impossible to make money online.
I’m going to
identify the three common mistakes newbies make (and the ONE thing you
can do to increase your odds of succeeding).
If you
recognize these common mistakes and delete them from your character – you
should be able to make good money within 3 to 6 months.
Mistake 1: Shiny
Object Syndrome (SOS)
This is the act of pursuing one new opportunity after
another without ever investing the time needed to actually succeed with one.
It’s the
most common problem facing newbie online entrepreneurs.
And it’s
very tough to shake.
Why?
Shiny
objects are blinding. And with how fast the internet works – new opportunities
and shiny objects are popping up every single day.
From drop
shipping to E-commerce to Amazon Affiliate niche websites to freelancing - it’s
easy to pick a business. But it’s hard to stick with it.
And that’s
because once you pick a business - you’re bound to come across a friend who is
making A LOT MORE MONEY with an entirely different business opportunity.
(Meanwhile
you’re itching and clawing every single day without making a single dollar.)
So what do
you do?
Your mind
starts to question and wonder if you’re in the right business. And soon you
realize you must be in the wrong business. You then pack up and set sail for
the new, ‘exciting’ business venture.
This is
shiny object syndrome. And it affects most newbies – it’s not only blindly –
but it’s also very costly.
In fact,
it’s why most online entrepreneurs WILL NEVER earn a single dime.
Mistake 2:
Unrealistic Expectations
The second
common mistake is most newbie entrepreneurs enter a new business venture
with unrealistic expectations.
Instead of
getting a realistic feel for how much time, effort, and dedication it’s going
to take to reach success – they assume it’s going to come quick and easy.
And it’s not
entirely their fault for thinking like this.
We’ve become
a society that sells quick fixes.
Just look at
all the ads you see all over the web – it seems like every ad can teach you how
to make $36,403 in one week or lose 30 pounds in five days.
This is BS
of course, but it unconsciously conditions us to expect quick results and big
money right after we launch our new business venture.
It doesn’t
work like this. Obviously.
Mistake 3:
No Action
A lack of
consistent action is the main reason why people fail to make money online.
It’s easy to
think about making money online, but it’s much harder to execute. And when I
say execute, I mean really execute.
Thinking
about starting a new business…
Reading
about starting a new business…
Coming up
with logos….
And spending
days and hours obsessing over the name of your company…
Isn’t going
to get you anything. This isn’t really ‘execution’.
Only REAL
execution will make you money.
Yet most
wannabe entrepreneurs spend all their time on ‘low value’ activities instead of
doing the ‘heavy lifting’.
This is why
they fail.
In order to
reach true success, you have to develop the right habits and consistently push
your business forward. Every single day.
Why?
Because
consistent action compounds. By taking action every single day, you’ll notice
each action compounding on top of the one before. And that’s when you’ll see
your efficiency soar and the big money start coming in.
So what you
have learned?
Right now
there are A LOT of opportunities available to make money online. And this will
ultimately be the downfall of far too many people. They’ll end up chasing all
the opportunities and never getting anywhere.
In order to
be successful online you’ll pick ONE SKILL you can MASTER and
stick with it until the sky caves and your lungs give out. If you can make this
commitment – you’ll magically double your chances for success INSTANTLY.
And you’ll
be one of the few people who ACTUALLY makes money online.
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