Friday, December 4, 2009

Things to Remember When Making Money Online

money onlineThere were many who struck the mother lode a decade or so ago when the dotcom craze took over the world; they may pots of money because of their ability to strike when the iron was hot and use opportunities that came their way; and when the deluge slowed down to a trickle, they knew how to consolidate their operations so that they continued to make a steady income using the Internet.

Today however, it’s much harder to get really lucky and make tons of money online because the competition has grown by leaps and bounds. Everyone who knows something about the Internet is looking to make money off it, but before you jump on this bandwagon, here’s what you need to know:
  1. Don’t depend on it for your livelihood: It may be fun to make money off your blog or through affiliate marketing, but if you think you can live off this money alone, you’re mistaken. Money that comes through Internet opportunities should at best be a source that supplements your regular income; you must do what you do because you love it, not because you want to make money of it. The money that does come in is an added bonus.
  2. Don’t put too many fingers in the pie: There are a host of opportunities online, and if you want to take advantage of all of them and make money of them, you’re going to end up failing miserably. It’s hard to make money when you have too many things going on and are unable to concentrate on any of them. Instead of getting greedy, identify the opportunities that seem the most promising and focus on them alone. Step up your efforts in these areas and try to make the most money you can from them.
  3. Keep up with the trends: Nothing stays the same forever, and the only thing that is constant is change. The Internet too is evolving rapidly, and with this change, there’s a change in the way money is being made online too. So keep your finger on the pulse of all that’s happening in the online world and move your money-making operations accordingly.
  4. Don’t brag about your achievements: Believe me, the fact that you make money online is one secret that is best known only to you. Yes, you want to shout your achievement from the rooftop, but if you do so, you can bet your last dollar that the entire town is going to be nipping at your heels and sniffing around at your opportunities. So keep quiet about your success, and let the only sound you hear be the ringing of your mental cash register as you tally up your earnings.
Laura A. Wright is a guest author, who contributed this post. Laura writes on the topic of online paralegal degree . She can be reached at her email id:

1 comment:

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