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What is the best way to make money online? Affiliate marketing (i.e. promoting other people's products online)? eBay selling? Making money with AdSense? Profiting from expired domain names? Forex trading? Or...? There are lots of different ways to make money online and get rich, but whether which is the best way for you will have to depend on a few factors, rather than blindly doing what others are doing. One person's medicine may be another person's poison, or vice versa. In other words, the method may work for them but not for you. So you have to find what really works best for you. That's the bottom line. There's no hard-and-fast rules as to which is the best way to make money online, but you need to start somewhere. Here I offer these guidelines to help you get a good head start. As you progress and gain more experience over time, you can then stretch or expand the rules according to your wants and needs to further streamline your money making strategies and shoot up your online profits. 'Best Way to Make Money Online' Strategy #1 - Do What You Love Imagine money-making opportunity A (opp A) is more lucrative than opportunity B (opp B). But if opp B is what you like most, why sacrifice what you love to do? Working for money is not your ultimate goal.Your ultimate goal is to make money work for you.And to achieve that you must first find something that you like to do, instead of simply picking it up just because it may seem to make you more money. Guess what? You can pick that opp A if you want, but you'll find hard to earn more cash than you could if you were to pick opp B as your best way to make money online. Really. I've been there and done that. That's why I'm in the best position to tell you this. Simply put, one key to finding best way to make money online is the one that you enjoy the most while you make money at the same time. Next... 'Best Way to Make Money Online' Strategy #2 - Focus On One Now you've locked on something you like. Next is to exercise your power of concentration. You might find few money making approaches are kind of fun and interesting, and you can't wait to lay your hands on all of them. Don't.
Your loss of focus will send you nowhere. For example, you've generated some ideas to create 3 websites that target different markets, which you're interested in them all. If you get down to them all at the same time, your power to excel will disperse and split up among them. You end up not performing well in any of them, so will be your earnings. Prioritize your work and focus on just one website or marketing plan. Once you've mastered or completed that project, hop on to the next and so forth. Don't listen to those who tell you that the best way to make money online is to build multiple websites at one go. Stay focused and you're less likely to get drifted away from the right track. 'Best Way to Make Money Online' Strategy #3 - Tune to "Practical" Mode I suppose that the majority are wishing for the fast and big bucks. Not surprising though. But the hard fact is, it's either you earn fast and small, or you need to spend some tough hours to get huge returns. To me, the best way to make money online is not to make that paltry sum, but to allow me to make tons of cash for years to come, while at the same time enjoy what I do. As such, I hope you can keep a practical mentality rather than fantasizing unrealistically for the big and fast dollars. 'Best Way to Make Money Online' Strategy #4 - "Stick Yourself in the Mud" Imagine you keep hopping from one job to another. As your experience and skill have yet to stabilize, you always have to start from scratch in the new environment, so is the money your employer pays you. Similarly, if let's say you do affiliate marketing for 2 months and earn just a 100 bucks. Dissatisfied, you turn to domain auction. But you find that you can't make it as profitable as others. You switch again. Maybe this time you heard someone telling you that making money with AdSense will reap faster reward. Well, you kind of interested in that also, you opt for that. What next? Because you didn't stay long enough to see the growth of each and every money making opportunity, you wind up getting nowhere. This definitely is not the best way to make money online. Give yourself as well as your business some time to grow. See through to all the necessary steps and then assess how profitable it is for you to stay put. As a guide, I would suggest that you stick through the money-making opportunity for at least 6 months to 2 years (depending on the size of your business model) before you jump to conclusion that the business bites the dust. It's unfair to that business. It's also unfair to your underlying potential before you can express it to its fullest.
I'm not asking you to plunge into a market without proper planning and use time as a factor for evaluation of your business success. On the contrary, I encourage you to craft out a plan for every move you make. And with a properly crafted plan, sometimes you can even identify the viability of the business you're in at an early stage (without spending too much time), and then from there help you make a sound decision as to whether you should stay or move to a next business model until you find YOUR best way to make money online.
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