Enda
7th November 2010, 17:24
I have mentioned the dirty words, "Making Money Online" and no, I am not advertising anything. I am however very curious to know what people's experiences have been.
My own experience has been one of the strangest ever. I thought I knew quite a bit about scams until I entered that world, and if I didn't know it before, I now know for certain that, "if it sounds too good to be true, then it probably is."
The bright shiny objects are just that, scams and a waste of some considerable energy, and yet there are some people out there making tons of money. It is just very hard to know the good from the bad.
I am not talking here about work from home jobs as I know quite a few people doing that on things like eBay, Virtual assistants etc, so that does exist. Sadly there are even plenty of scams here as well with data entry jobs etc.
I am talking here more about building an online business from scratch and making a full time living or better doing just that. According to all the available business statistics around 98% of all online start-ups fail. That is quite an astonishing statistic and of those that fail, around 90% have spent over $500 trying different things.
I have researched this whole online business scene now for well over a year and have gathered a ton of information. Just to give you an example, if I had signed up to the offers I received in my inbox, for one evening (about 20 emails), it would have cost me over $3,000. According to those offers though I would by now have made close to $3 million.
I did subscribe to a few and read them. Basically all of them offered the same thing and also then offered upgrades so as they would have cost even more. I had bought them all through Clickbank, so I did get full refunds on them all.
I have now worked out how it is possible to make money online but my main issue now is scalability. To make a few pounds involves quite a bit of time and hard work, and technical know how. I am trying now to automate and outsource quite a bit of the boring stuff.
I would like to know if anyone has had any success with building an online business, and also what scams they came across along the way?
My own experience has been one of the strangest ever. I thought I knew quite a bit about scams until I entered that world, and if I didn't know it before, I now know for certain that, "if it sounds too good to be true, then it probably is."
The bright shiny objects are just that, scams and a waste of some considerable energy, and yet there are some people out there making tons of money. It is just very hard to know the good from the bad.
I am not talking here about work from home jobs as I know quite a few people doing that on things like eBay, Virtual assistants etc, so that does exist. Sadly there are even plenty of scams here as well with data entry jobs etc.
I am talking here more about building an online business from scratch and making a full time living or better doing just that. According to all the available business statistics around 98% of all online start-ups fail. That is quite an astonishing statistic and of those that fail, around 90% have spent over $500 trying different things.
I have researched this whole online business scene now for well over a year and have gathered a ton of information. Just to give you an example, if I had signed up to the offers I received in my inbox, for one evening (about 20 emails), it would have cost me over $3,000. According to those offers though I would by now have made close to $3 million.
I did subscribe to a few and read them. Basically all of them offered the same thing and also then offered upgrades so as they would have cost even more. I had bought them all through Clickbank, so I did get full refunds on them all.
I have now worked out how it is possible to make money online but my main issue now is scalability. To make a few pounds involves quite a bit of time and hard work, and technical know how. I am trying now to automate and outsource quite a bit of the boring stuff.
I would like to know if anyone has had any success with building an online business, and also what scams they came across along the way?