7 Reasons Why You Will Fail to Make Money Online and How to Avoid Them
Every month over 60,500 people do a search on Google trying to to figure out how to make money online. That’s over 726,000 people a year who embark on this journey.But out of that 726,000+ people who inquire about making money online, how many of them do you think actually succeed at it?Well, here’s a reality check… less than 3% of them actually do.And out of that 3% who do, very few of them actually go on to earn a full time income online year after year after year.But it is possible, and you can do it too.In my six years of being an online marketer, I have seen a whole lot of people fail, but I have also seen some succeed.Because of this, I’ve been able to identify 7 common mistakes that people make when they don’t succeed.These 7 mistakes will not only keep you broke and frustrated, but they will also prevent you from having any long term success online even if you do manage to make a few bucks here and there.So if you want to succeed at making money online, here are 7 mistakes that you definitely need to avoid making.Mistake #1 – Failing to Define Your “Why” for Wanting to Make Money OnlineNow I know that this may sound cliche, but it’s the truth. You can’t just say “I want to make money online”. You must define “why” you want to make money online.Do you just need to earn a few hundred extra dollars every month to pay some bills?Do you want to make some extra money so that you can go on vacation…Or do you want to build a REAL online business that will allow you to quit your day job and tell your boss to shove it?Determining what your why is is very important because it will help you to determine what path you need to take with your online business.Mistake #2 – Focusing on Strategies Instead of SystemsLearning how to make money with Facebook, YouTube, and SEO are all really great strategies. But that is exactly what they are, strategies.And you can make money online with these strategies.But if your goal is to build a REAL online business that will feed you and your family for life, then you need to focus on learning “systems”.Learning about systems means that you need to learn develop certain skill sets such as putting together a marketing funnel that produces sales on autopilot, writing effective email copy, and making tweaks to your marketing campaign to increase conversions.Too many people come online and try to build an online business simply by using strategies alone and ignoring these skills.Doing this will definitely result in failure.Mistake #3 – Screwing up Niche ResearchObviously, you can only sell products to people who want to buy them. This means that you gotta get your niche research right. Just because people are online looking for information about something does not mean that they are willing to pay for it.Mistake #4 – Failing to Build an Email ListThere is nothing more powerful than having your own database of customers that you can promote products to over and over again. Building an email list is exactly how you obtain this database.With an email list, you can send instant traffic to any product or service that you feel is relevant to the list. It also gives you the power to “print” money anytime that you need it.Mistake #5 – Failing to Segment Your Email ListJust because you have an email list does not mean that you will make money from it. If you don’t send the people on your list offers that are relevant to them, they won’t buy anything.Do this too many times and they will even unsubscribe from your list.That is why you need to segment your list into groups of people who have similar interest. Then you can send relevant offers only to those people who you know are already interested.Mistake #6 – Not Sending Enough EmailsOnce you get someone on your list, you need to talk to them… consistently. This is how you build a relationship with someone. That means that you need to email them as often as possible.You do this by sending them helpful information that can help them to achieve their goals. This information can be in the form of funny stories, useful articles, tutorial videos, and much more.The goal is to get the people on your list to see you as a person of authority in your niche and believe that you are someone that they can trust. That way, when you recommend a product or service to them, they are more apt to take your advice and buy it.Mistake #7 – Failing to Taking ActionThis is the biggest mistake that will kill your online money making dreams the most. Once you learn what to do and what not to do, you have to take action. It does not do you any good to read this article or spend your hard earned money on any online marketing course if you are not going to follow through with what you learn.Now that you know what the 7 mistakes are, start taking action not to make them. If you can do that, you will have a great opportunity to become one of the 3% of people who make money online instead of the 97% of people who don’t.
How To Put Your Cash Flow On Auto Pilot
As you buy properties using my three techniques of you will need to determine whether you want to sell them for CASH only or for TERMS, meaning with a loan which you carry back. Ideally you will find that you want to do a combination of both techniques.But before I get into the sales portion of this here is a refresher on my three methods to buy properties for pennies on the dollar:1. Tax Lien Sales, where you buy a Tax Lien on properties unlikely to be redeemed and then foreclose on the lien once the state statues allow you to.2. Tax Deeds Sales, you buy a property outright at Tax Deed Sale.3. My favorite method: My personal Direct Investment Method, where you buy tax delinquent properties directly from the often long time owners for pennies on the dollar outside of the auctions and sometimes years before these properties come up for auction.Once you have the properties you are probably looking to sell them so you can actually realize the profits you have made when buying.In order to optimize your Cash Flow and put it on Auto Pilot here are some guidelines:Take the properties you paid more than usual for and sell them for cash. You want to get your capital right back plus some and then reinvest that amount.Cheap properties on the contrary, where the spread between purchase price and Sale price is LARGE are IDEAL candidates for Term sales, because you might recover your purchase price with the down payment alone or with the down payment and a few monthly payments and then the rest is profits.Do a combination of both transaction types, Cash sales and Term Sales to get cash in and build upTake some HIGH VALUE properties for which you only paid 20%-30% of market value and sell them for CASH (no financing). This should bring you multiple of your investment in CASH.Then take that what you initially invested and buy another one of those high profit properties.
Take what’s left over and buy a lot of smaller lower value properties which you can literally pick up at a few hundred dollars each and sell for a few thousand each ON TERMS WITH FINANCING and a low down payment (of a few hundred dollars).And then enjoy receiving checks in the mail, first one then a few and soon enough you can scale this to have dozens and even hundreds of checks coming your way each month on property you owe nothing on and which you sell for a multiple of what it is worth.
Corporate Finance Management
Corporate finance management is a branch of finance that refers to the management of financial resources of a company. The main objective of corporate financing is to maximize the company value by making proper allocation of financial resources, along with taking care of the financial risks. Finance management focuses on analyzing the financial problems and devising the universal solutions, which are applicable to all kind of companies.There are various topics, which are covered under the study of corporate finance such as working capital management, inventory management, debtor’s management, dividend policy, short term and long term financing and financial risk management. Each of the above mentioned subjects make use of different financial tools in deciding the allocation and management of resources among most competing opportunities. It is one of the highly discussed topics due to its own importance in growing economy of any country.Finance management is an absolute necessity for all types of business organizations. Earlier it used to be the part of overall finance management of a firm. But, over the last one decade, it has emerges as a separate discipline altogether. Today, in both large and medium sizes corporations, there is a dedicated department involved in taking care of the corporate finance management of the company.Professionals involved in this profession have the responsibility to maximize the company’s profit, shareholder’s wealth, capital budgeting and identifying the areas of financial resource allocation. Since, the areas involved in the discipline are critical and thus require special set of skills in the professionals for efficient handling of the job responsibility. One of the best ways to get into organizational financing is get enrolled into finance management courses, offered by various finance institutes across the country.Courses in finance help the students to plan and act to resolve the whole conundrum of finance. The course curriculum of the finance courses includes a detailed study of different subjects like micro and macro economics, accountancy, personal and corporate finance, merchant banking, investment banking, financial markets and derivatives, the venture capital, mergers and acquisitions and many others. The detailed study of these subjects gives an overview to the students about the true picture of the industry. Finance courses are a gateway to enter into the world of corporate financing. The future in corporate financing is very bright and is likely to show tremendous growth for next few years to come ahead, which is a positive sign for the aspiring students.