If there was one thing that separated people who made it from those that didn’t it would be this one thing:
Those who are successful at making money online delay gratification.
What Do I Mean By This?
Well the concept is simple. If you have ever heard of “The Dip”, it’s the time it takes from starting something, to becoming one of the best at it and the most successful at it.
Essentially, its being able to persevere when results are few and far between.
The people who succeed are the people who carry on making progress towards their goals, without the guarantee of reward.
When 90% of people who start a blog or online business, they start out enthusiastic, they make steps forward, then they realize it’s not going to be easy, then when they make little or nothing for their efforts, their motivation saps and they give up.
Now i am not preaching to you as some guru, i am preaching you to as someone who has gone through what you have gone through. I had all of the doubts like “Am i wasting my time?”, “Will this work?”, “How much money will i be able to make once i’m successful?”, “Is it worth it?” etc.
And the answer to all of those questions is, no you are not wasting you’re time, it will work if you don’t give up and keep moving forward, and you can have an abundance of money if you follow through.
It is most definitely worth it.
The Problem With “Our Generation”
The big problem with our generation is we always want something for nothing. We want the results but are unwilling to do the work.
If you are someone who is capable of taking massive action for a sustained period of time, without any positive results, then you will succeed. Maybe not right now, maybe not in 2 years, but eventually you will succeed.
It is impossible to keep a man down who has a definite purpose and is willing to keep moving forward towards it no matter what.
Feedback will come in various forms. Positive feedback includes:
- Increased traffic.
- Increased subscribers/opt-ins.
- Increased sales.
- Increased rankings.
- Positive comments.
Negative feedback comes in the form of:
- Google penalties.
- Low/no sales despite massive action.
- Low/no traffic despite massive action.
- Poor conversion despite traffic.
Often people do not realize how close they are to success.
Lots of people put their heart and soul in to their websites. But because websites take time to age, links takes time to build, passive income takes time to accumulate, they give up before they start seeing massive positive results.
Right now i am starting to reap the fruits of my labor, 12 months ago i was making very little. Barely over $1000 a month. Now i am doing 5-figures a month.
How did i do this?
Well i am on revenue share deals. My traffic keeps increasing/maintaining and over the last 12 months i have been increasing my referrals.
Right now i am not sending drastically more referrals than i did 12 months ago. Maybe 50% more. However my income has increased almost 1000% from sites.
This is the secret of compounding. What i do, builds up each and every month.
If i increase my income just $100 or $200 each month, its a couple grand a month extra per month over a year. Over 5 years, this is a lot of money.
You have to be in this for the long-haul.
My advice to those who are not making much money right now:
- Look for programs that can bring you in passive income.
- Start promoting them and building up your earnings each month.
- I look at content as bait. If i pay someone £10 to produce me a piece of content that makes me £1 a month. I will do it, and i will keep scaling up again and again. Take this approach to building websites. Put more “bait” in the ocean and eventually you will catch more fish.
- Just because something is not making you money now, does not mean it will not make you money in the future. It may or may not. The only way you can find out is by taking massive action. Then you will get some form of feedback which will determine whether more action is needed, a change in approach is needed or a completely new approach is needed. Either way you will gain experience and learn valuable lessons. But you have to take massive action in order to get feedback. It’s the only way.
Your enemies in the equation are basically Google.
Although if Google banned all my sites my business would drop virtually all revenue growth overnight, i would still be in business.
My sites get a lot of direct traffic from past Google visitors who enjoyed my site and bookmarked.
My sites get masses of opt-ins. Right now my lists are huge. I send out emails 3x a week and a flood of traffic goes to my site each week.
So although i rely on Google for traffic generation (Basically all gambling affiliates do), i am getting long term value from it (Building a good site + building a big list).
If i decide to exit and sell my sites, it will the difference between me being able to sell for 12 months revenue and 40 months revenue.
Anyway, the way i look at it now is. I am already ahead and in profit. I am playing the long game. I’m building more sites, building more passive income and squeezing the most i can get from my traffic.
Bottom line – People search for stuff on Google and convert. As long as they are doing this i will be trying to game the system in whatever ways i can. There is money out there, the smartest marketers will get it.
Take a long term approach and realize there is a big upside to all of this if you commit to it and work hard. Results may take a while, but they are most DEFINITELY worth it.
You have no idea how much 5-figures a month “passive income” changes your life.