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Andrew Wee | Blogging | Affiliate Marketing | Social Traffic Generation | Internet Marketing

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How to get started with making money online

This isn’t the first post I’ve made on this subject and likely won’t be the last either.

UPDATE: I posted about a week ago that I’m working on a guide on Internet marketing, it’s still being worked on. A couple of projects have come up in the interim that have taken a fair amount of time (though they’ve been very rewarding). So my own project is moving along at a slower pace. It’ll come out soon.

But back to getting started.

Reality #1: There’s lots of money to be made on the Internet. Because when you say “Internet marketing” there’re so many ways to skin a cat, from investing in domains (domaining), marketing on classified sites like CraigsList, Kijiji, Gumtree, etc, to what I typically cover on this blog: affiliate marketing and product creation. The Internet is more a platform or a marketplace than one specific method. There’s no one “best” way to make money on the Internet.

Reality #2: Internet marketing is easy…if you’re prepared to fail a lot. I’ve had some gnarly internships where I worked with non-profits as well as marketing agencies and the work was pretty mind-numbing and would leave me physically and mentally exhausted at the end of the day. In contrast, I think Internet marketing is way easier (try flipping burgers for a day to experience the contrast), but it has a high failure rate. The best marketers probably succeed 50% of the time with their projects, you just don’t hear about the failures very often, unless you’re into consulting, accounting or have these guys in your mastermind. But the cost of failure is small (if you’re managing your risk sensibly). Just pick yourself up and get going again. My smallest loss has probably been a couple of hours for a failed project. My biggest loss has probably been about $10,000. Then again, I’ve made many times that with the successful projects.

Reality #3: Focus. This is an easy one to understand, but harder to implement. Just imagine going out on a warm summer’s day, the warm sunlight on your skin. Now imagine if all that sunlight was focused into a single pencil-wide beam of light. That laser could burn skin and bone and probably cut through industrial steel. That’s the power of focus. Most newbie marketers will try 5 to 10 projects and attempt to find 1 or 2 which work then focus on them. I think it’s ok if you’re testing various options for a couple of weeks (no more than a month). But if you’re still “testing” stuff 6 months down the road, then you’re looking at a heap of trouble later on.  While it may seen unrealistic that you might create the next fark.com or digg or icanhazcheezburger, still being focused will have a better return on your time than trying out too many things. Being focused also means picking yourself up and keeping at it, even when you fail. Stop only when you hit a brick wall which you can’t bust through.

Reality #4: Books, courses, tools are a crutch. Unless you have the luxury of working for someone who’s been in the game for a long time and is willing to show you what they do or better you tell you step-by-step what to do, you probably need to invest some time figuring stuff out. I was just telling someone today that I probably bought about $1,000 worth of “stuff” – software, books, courses in my first month getting started in 2006. I still have my old copy of Adobe Photoshop sitting on my shelf in its shrink wrap along with this fancy teleconference equipment I bought off eBay. It’s probably better to understand how stuff works and if possible do it by hand before investing too much in courses and automation software, which blocks you from the real goal of building a business, marketing and selling products and services.

Making Money Online Action plan

So if you sent me an email asking about how to get started with Internet Marketing/Affiliate Marketing and I’ve sent you to read this blog post, here’s my advice:

1) Get started within 30minute of reading this post. Yes, you can go have your dinner, send the kids to school, pay some bills, but get started immediately. The biggest procrastination is before a project gets started. If you overcome this obstacle, you’re doing better than the other 90% of marketers who are hoping/dreaming for a big stack of money to fall into their laps.

2) Find a successful business model/strategy to make money. I check into a paid forum, PPV Playbook, run by David Ford, every couple of days. In it you will find other guys who were just like you, wanting to get started and are making $100/day, $300/day or $1,000/day profit about 6 months to a year from when they first got started. Take note, that some of them have spent as much as $1,000 or $5,000 to get to where they are. And if you’re asking if it’s worth spending $5,000 or even $10,000 to get to the point of making a measly $100/day profit, I’d say heck yeah. At $3,000/month, you’d cover back your $10,000 investment in a little over 3 months. More importantly, you will have the skills to grow your business from $3,000 to $5,000 then $10,000, then $1,000/day. But only if you’re willing to put in the effort to improve yourself and grow your business.

Even if you read about all these “business in a box” packages out there which claim that all you do is stick a web page on the Internet and start making money, the reality is that they don’t work unless you know how to generate traffic and have these Internet visitors convert into customers. It’s better to build a foundation in the necessary skills, and from there you can choose to either promote someone else’s products (ie: affiliate marketing or CPA marketing) or develop your own offer/product.

“What do you suggest I do next?”

This is a simple strategy, but it will only work if you follow through with it.

  1. Sign up with PPV Playbook. It’s a paid subscription, it’s not the cheapest, but you get what you pay for.
  2. Find 1 or 2 methods that are outlined in there, there’s several sections dedicated to getting started, together with tutorials, walkthrough videos, case studies (actual campaigns) posted by site owner David Ford and the other members.
  3. Followthrough is critical to your success. The tendency is to try something for a week, then decide it might not work or to try something else. Stop yourself. Remember that earlier point about spending $5,000 to start earning $100 or even $300/day? This is where focus comes in. If you’re trying 1 or 2 methods, posting questions you might have in the forum, then implementing those tips in your campaign, your chances of succeeding are significiantly higher compared to the average Joe. There’s a little bit of pain for long-term gain.
  4. When do you stop? As long as your income keeps growing and you’re enjoying the process, just keep going. At the appropriate time, you should consider hiring outsourcers or employees, or developing software that will simplify the process of running your business.

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17 comments on How to get started with making money online

  1. Sharron
    October 21, 2010 at 12:24 am (8 years ago)

    “Internet marketing is easy…if you’re prepared to fail a lot.” That gave me a chuckle.

    I like your point that it takes money to educate yourself (instead of simply buying an education via books), and you have to get your hands dirty to really learn. Good post.

  2. Name (required)
    October 21, 2010 at 1:29 am (8 years ago)

    I dont know why you guys encourage newbies into this industry. It just creates unnecessary competition, domains are burnt up and the industry is tarnished with more crappy thin useless sites. Lets face it, 9 out of 10 struggle to make money online, so naturally 9 out of 10 affiliate websites are complete shit. Sure, if you’re positioning yourself as a guru and peddling get rich courses and ebooks then I understand, but thats not you Andrew, so whats the crack with that?

  3. Andrew Wee
    October 21, 2010 at 7:27 am (8 years ago)

    Hi Nameless,
    I get emails about how to get started a couple of times a week, so rather than copy-paste my advice, I’ll direct the enquiries here.

    It’s be a little naive to think that someone will not try their hand at an online business just because I didn’t reply to them.

    Rather than have them ask an “expert” who’ll ask them to get a couple hundred bucks worth of ebooks and software like what happened to me when I got started, I figured I should share my personal experience.

    Even if a newbie isn’t buying a particular domain, don’t you think a domaineer would be buying it in bulk instead, especially at a bulk registration rate?

    As for making “useless” sites, that’s part of the learning process. If it were so easy to develop successful sites right off the bat, we’d all be laughing all the way to the bank, wouldn’t we?

  4. Alex Yeo
    October 21, 2010 at 12:06 pm (8 years ago)

    “I dont know why you guys encourage newbies into this industry”.

    I think it’s a selfish thinking on the phrase above. There are really genuine and honest people who want to start an online business.

    And I bet 90% of the sites online are “useless”. But they won’t get seen. Google will filter them out. Not perfect… but they still do the job pretty well. ;p

  5. Keywords to websites
    October 28, 2010 at 2:36 pm (7 years ago)

    I agree with Nameless, but I agree more with Andrew lol.. Although im not a newb, reading a guide to refresh my mind always helps.

  6. swissarmysoldierknife
    November 19, 2010 at 5:20 pm (7 years ago)

    Internet marketing is so hard to make any decent money. i tried for 2 years now and still on 0

  7. Deck Jets
    November 23, 2010 at 9:51 am (7 years ago)

    It’s good to see you posting on this topic, I need to bookmark this web site. Keep up the good work.

  8. Natalie Priftis
    December 4, 2010 at 10:47 pm (7 years ago)

    Hi Andrew after jus listening to your interview with Gobala Kirshnan i decided to look you up & am very glad i did !

    Im pretty new to the IM game but loving the journey and building a reputation and laying the seeds for a strong foundation & like you mentioned not everyone will succeed in this game maybe due to impatience, lack of self belief or plain old lack of Focus ………….. We are a special bunch of people and it seems to me the ones whom strive ahead are the ones willing to share endlessly and selflessly.

    Thanks for the great content so far ! 🙂

  9. filmindir
    January 3, 2011 at 5:25 am (7 years ago)

    No bad,thanks for share the SEO information.

  10. oyun
    January 21, 2011 at 6:55 pm (7 years ago)

    Want to succeed at Internet Marketing Get into the Keiretsu

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    April 15, 2012 at 5:38 pm (6 years ago)

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  16. Javed Shaikh
    April 24, 2012 at 1:50 pm (6 years ago)

    Dear Andrew,
    In this world there are peoples who don’t have enough money, to educate themselves so wouldn’t it will be great, if Gurus like you provide some good stuff for those people who can get started making money without any investment,

    there are peoples who want to earn money to support their families, so we should serve them as well

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