Making Money Online – The Truth: How Many Months Until You Make The Real Big Bucks
by admin on Dec.28, 2009, under Make Money Online
Most Netpreneurs who start an online business are looking for instant success. They want to build their business fast. Get results faster. And be rich the fastest. They want overnight success. However, that’s not how building a business really is. A real business takes time and effort.
Yes, even online ones. Many online business owners believe that online, the fundamental laws of the business world do not exist. The internet business world does involve less risk but it still takes real time and effort to build a long term profitable online business.
Even experienced entrepreneurs with much offline success succumb to ‘the lure of the speed of the web’…
A friend of mine Ken who is a very successful internet guru and coach told me a story about his experience talking to one of his clients who was a successful real estate developer. She wanted to start a website that would make her company the hub for connecting international investors with local developers.
Great idea. Tight niche. Can win. High ROI menization models.
“So Ken, how long till I can make money?”
“About 3 months to start generating traffic, 6 months to be growing steadily and making some steady income. You’d be well known in your niche in 12 months if you do it right. In 18 months, with consistent and focused work, you would absolutely own that space. You would be the “go-to” person for local developers to sell their projects internationally, and vice-versa you would also be the entry door for international investors looking for strong opportunities here.”
Her reply? “That long???”
“Well, maybe faster if you put more than 20 hours per week into it, but let me ask you something. Think about the last real estate development you did…”
“How much money did you make while looking for a property, finding it, optioning it, clearing all the legals, and then closing on it?”
She answered… “Nothing, of course.”
“It cost you time and money, right? And how much did you make when you broke ground and dug the hole?”
“Uh, it actually cost us quite a bit.”
“And did you make a lot while pouring cement and building the structure?”
Silence.
“And how much money did you make while doing all the finishing work?”
Chuckles.
“How about while advertising and promoting, yet all you could collect was deposits?”
- And when we sell the final units, we make our money.”
“Yes, and then the cycle starts again, with no more money to be made from that first development. Your online business, however, will keep on making money and growing and earning some more. It’s a brilliant concept, but the basic laws of business still apply to the Internet. You have to invest to build the groundwork for future rewards.“
Bottom line?
Owning and building a business, whether it’s online or offline, takes work, especially in the first few months. You will make as much money as you deserve
“Slow and steady” wins the race.
Want to discover more online business tips? Head over to: http://www.moneybuyseverything.com com to get your FREE report now! Carliff Carleel is a Consultant and Entrepreneur specializing in Online Business Development and Marketing.
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