Why probably you don’t make money online

I’ve been around online for almost 10 years and I’ve had a lot of experiences with building, growing and monetizing projects, some good, some bad but overall I’m OK with how I fared. I’m still not doing things on my own, but that’s the medium and long term goal for me: building a passive income from websites.

The goal of this post is not to tell you what I did and did not all this years but to make a list of the reasons I believe things are not better for me and why probably many others have failed before me and will fail after me.

Why people fail online and what has to be done to accomplish success

• Read less and practice more – don’t make the mistake of thinking you have to read first tons of books and then get to work trying to deploy everything you’ve learned. Try and balance the time spent reading with the actual practice hours
• Have a goal (or more goals for short/medium/long term) -  If this goal is measurable it’s even better as you always know where you’re at compared to your dreams. No goal means no focus which translates in working in vain.
• Don’t give up – results don’t show over night, always focus on doing everything needed to build a strong business that will always stand the test of time and will get you a decent and constant amount of money.
• Work hard – this is very important as only hard work will give results, but also work smart as efforts without brains are no good and don’t guarantee success
• Know your niches – if you get into a new niche make sure you did research about it to ensure better exploitation. It’s best to spend more time researching then wondering what went wrong and why you failed.
• Make friends with same interests – the best ideas come when you talk with people having the same problems like you. Don’t fear your secrets will help others as it’s best to be part of a group: there’s more chance you will get up helped by the current.
• Monitor your business – even if things are fine keep an eye on everything vital to your business as once things get broken it’s hard to get them on track. It’s like confidence, which is earned hard but gets lost easily.

There are I think the problems and mistakes people do very often, all which translates in bad results or no results at all. Do you have anything else to add to the list? Feel free to share.