Why do most people fail at making money online? This question is a question I have been trying to find the solution to for years.
In fact as far back as 2006 this site Profit On Knowledge has been through many different incarnations. However the mission has always been the same.
To make money on my own terms and to teach others to do the same thing. Basically helping myself and others how to have more time freedom and money freedom.
I won’t lie to you it’s been a long road with lots of bumps along the way. In fact it wasn’t till around 2010 that I really started making a decent income. Believe me I tried everything imaginable online to make money.
What I discovered on my journey is that making money online isn’t about what you are selling or even how much what you are selling cost. Making money online has everything to do with:
How You Sell Stuff Online
The real secret to selling stuff on the internet is to first sell something people want rather than what people need. I know that sound crazy right?
The reason why you want to sell stuff that people want is because they are already sold on it. For them it’s just a matter of if they can afford it or not.
Another thing you want to keep in mind is that you should only sell stuff that you yourself love. While you can just sell stuff to sell stuff and some people have success doing it this way. Most people fail at it.
Every time I talk to someone who actually makes money on the internet. The kind of money that pays bills and gives you time and money freedom. These people have one thing in common.
The thing in common they have is each one of them are experts in the niche they are in. They all love what they do and would do what they do even if they weren’t making any money.
This my friends is the key… Sell stuff that you would be involved with even if you didn’t earn anything from it. The reason is because your passion will keep you pushing forward.
So To Recap What You Need To Do First To Make Money Online
- First and foremost sell stuff people already want. Don’t guess what people want to buy.
- Second Sell stuff online that you would buy even if you weren’t earning money from it
until next time…
Your correct that people will more likely buy something they want online and they will usually buy something they need closer to home in the old fashion brick and mortar store. But it is still a best practice still to try to find a niche. Or a product that is not over saturated in paid advertisements and has keywords with low competition and a descent amount of search volume. That being said is when the brainstorming starts. Patience and lot’s of coffee !.
The reason why you want to sell stuff that people want is because they are already sold on it. For them it’s just a matter of if they can afford it or not.
Agreed with this.!!