In an unstable economy where consumer prices keep rising along with unemployment and a shaky market, making money on the web appears to be an attractive option. Making money on the web has obvious advantages such as freedom in the venue and hours that you work. However it is just as easy to fail as it is to get into making money on the web. A common mistake among those who embark on a journey of making money on the web is to not treat it like a real job and only indulge in the perks. This is a recipe for certain failure. Here’s some good advice for making money on the web that can help you to be profitable in your new venture.
You have to choose something you are good at. Making money on the web can turn into slavery on the web if you don’t have a passion for what you do best. For example, one way people are making money on the web is by submitting posts to blog (web blog) sites. If it is not something that interests you then the task could seem tedious and unimportant and become especially burdensome since it needs to be done each day.
Put your reputation above making money on the web. Don’t worry. The money will come eventually. You should make as your first priority a solid reputation so that you will secure repeat orders and customers. It will be the repeat customers who sustain your web-based business over the long run.
Don’t stretch yourself too thin. In all the excitement to start making money on the web it is tempting to take on all work that comes your way. It is also tempting to set your prices very low in order to draw new customers. When you set your prices extremely low, you are almost guaranteed to have business and a lot of it. Before you know it, your journey of making money on the web turns into a project management nightmare. You might be able to manage all those projects for a short time but all it takes is for something to go wrong in one project and it kills progress in the others.
Don’t quit your day job. The best way to break into making money on the web is to have dependable income while you are trying to build your web-based business. It can take at least a couple of years before you can sit back and enjoy passive income or have a steady stream of orders from clients. So initially, it is wise to be patient and continue with your primary job in order to have money to pay your bills and buy groceries.
Be careful of internet job bidding sites. These are websites where you place bids on contract jobs offered by clients. Typically making money on the web from these sites is in the areas of writing, computer programming, web design, web programming, translation, and graphic design. Beware that these job bidding sites are price driven and in most cases your bid will always be too high. You are also competing with other service providers in developing nations who will always bid at such a low rate that you cannot compete.
This post was last modified on December 7, 2010 14:28