A lot of people are under the impression that making money on the internet is very easy. Too many people believe that if they put up a website and all these other people will show up and click on all sorts of ads, the website owner will make money. If it only were that easy. Still, I really can’t blame people for having such misconceptions.
After all, for the longest time, it’s effortless to find all sorts of products claiming to help you make money online. There is even a whole industry and blog category that promise readers that if they do certain things they will make money on the internet. Sadly, a lot of this is exaggeration, hype and yes, flat our lies. Still, there is a tremendous demand for this type of information. After all, who wouldn’t want to work a few hours in a week to earn the same amount of money as a full-time worker?
Is this true? Is this all a lie? Is this all just hype?
Well, believe it or not, it is true!
You can set up an online passive income system. You don’t have to be there for your system to make money. You could be taking care of your kids, going on global vacation or just sleeping and your online properties will make money all day, every day. That’s the good news.
The bad news is that it takes quite a bit of work to get to that point. This is precisely the part of the jigsaw puzzle that these hipsters and marketers don’t want you to know. They want you to just get all pumped up about online marketing so you would buy their products, sign up to their seminars and hand them your hard earned cash.
They don’t emphasize the amount of work and planning involved. Make no mistake, if you want to make money through online niche marketing, you have to do the work. Thankfully, this doesn’t mean that you’re going to put in the same kind of work as if you worked in a factory or as a security guard. No. This is not physical work. This is mental work which is if you think about it, harder.
When you do physical work, you’re just physically tired. When you do mental work, you are forced to confront your expectations and assumptions. You’re forced to think outside the box, and mostly, stop thinking habitually. That’s a lot of work. It’s no surprise that a lot of people who get into niche marketing and try to build a passive online business, flat out fail. They fail not because they’re dumb.
They didn’t get the results that they’re looking for not because they’re lazy or there’s something wrong with them. Instead, they just did not have a system. That’s really the bottom line. I don’t want to discourage you or bring you down, but the sad reality is that 90% of online business just like offline companies fail. Either you fail immediately after you start or you fail down the line. But sooner or later you will fail if you don’t know what you are doing. This is why it’s imperative to wrap your mind around the single most common mistake online marketers make.
If you are thinking of trying your hand at niche marketing, you cannot screw this up. What I’m talking about is niche analysis. Focus on that term for a second. Analyze your niche thoroughly. You have to have a system for telling niches apart and figuring out which niche you should build your business on. If you do not have such a system or you’re utterly clueless about the need for such a system, I’m sorry to report, but your chances of failing are quite high.
You have to remember that if you pick the wrong niche, you might find out that there’s not much demand for it. Even if there is demand, there might be so much competition out there that it’s not worth doing. Also if you find a niche that has low computation and high demand, it still may not be worth your time because there should be no money to be made in it. It has such low commercial value that it’s not worth your time and effort.
There’s just so many things that could go wrong, there are at least 5 factors you need to pay attention to. If you truly want to maximize your chance with success, then you need to pay attention to additional factors. To learn about these factors, click here.