Execute your bright ideas that nobody wants. This how not to make money another great way not to make money online.
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Fail to test your business idea. You have a concept. In fact, you love your concept. The problem is, nobody else does. You just ran with it. Feel the sting of nobody wanting to buy how not to make money stuff? Is your emotional attachment stronger than super glue? A lot. What does success look like? Build It, and They Will Come. How will they find it?
Come to think of it, are they even looking for it? Will they even recognize it if they bump into it? Otherwise, it might just be like a tree that falls in the woods, that nobody is there to hear. If you want money for nothing, and your checks for free, then a better bet might be to look for a genie in a bottle.
What problem is being solved and how? What is the actual product or service that people would are paying for?
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What unique value are you providing? How does the money actually flow? How not to make money is the person selling the get rich quick program getting rich? Trade up from serial-sucker to serial-Entrepreneur and invest in learning business skills and strategy and learn to create amazing value if you want to make real money.
Look Like a Fly-by-Night How not to make money. A great way to avoid building trust, or to actually destroy trust, is to how not to make money like a Fly-by-Night shop. And, a great way to look like a Fly-by-Night shop is to chase one get rich quick scheme after another.
Avoid Building Brand. Your brand can make or break you on the Web. If you want to avoid making money online, then avoid building your brand. If you do want to make money, then be sure to build a brand that reflects customer value, integrity, and aligns with your values.
Authenticity is a powerful brand builder, and a lack of it, is a brand breaker. When you search for something, how many times do you click past the first page of the search results? Social media is a force multiplier, and yet another way to rise from the bottom, if SEO has let you down.
But just like the Lottery, you have to be in it, to win it. After all, business is a relationship thing, and social media is a tool for just that. The monetization models are all around you, and you can learn from people that are actually making a living on the Internet.
Use the Wrong Mentors, Models, and Maps to Learn From There are plenty of people with models and roadmaps that want to show you how to make money online.
And, there are plenty of gimmicks, and snake-oil, too. Another potential pitfall is that what works for somebody else, might not be relevant to you or your situation. Many times, making money is a personal thing, meaning that you have to find the approach that matches your lifestyle, your values, and your current situation. Or, you might get convinced to sell your time as a premium consultant. Follow Your Passion.
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The surprise? In other words, what you do for a living is much less important than how you do it. Follow the Money. This sounds just like the perfect antidote to following your passion. It can be just as effective as follow your passion to help you avoid making money.
In this case, at least you are paying attention to where the money is, how does it flow, and who captures the value. Follow the money can actually help you make money. But, you have to avoid the major pitfall here.
Be over-productive. Step up your game so that when all of this over, you have some potential leverage to talk to your bosses about trying a work-at-home life. Not everyone will. But if you feel the freedom those of us working remotely feel, then now, amid this crisis, is a great opportunity for you to shine so that bosses take note. Photography can help you fuel your career right now.
Follow the money works, unless you follow the money to do it for the money. Making money is a numbers game and if you want to be in it for the long haul, you need to make it a passion play.
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Do It for the Money. The more you chase it, the more elusive it becomes. You end up focusing on the wrong things. Instead of focusing on customers and creating great value, you end up trying to find the minimum you can do to make a buck.
Customers sniff this out.
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- The main reason for not making money online is because you think is easy and when you realize that it is a lot of work, you get bored and give up.
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Dabble In It. A great way not to make money online is to dabble in it. Dip your toe in the pool and try a few things like slapping some Ad Sense here and there, or recommending products on Amazon. Or, maybe you get ambitious and create a quick eBook and hope it takes off. Hope Your Hobby Pays Off. Sometimes we stop liking what we do when we get paid for it. Fail to Build a Tribe of Raving Fans. Maybe your Mom, Dad, or best friend bought something from you. Maybe you even managed to turn a total stranger into a customer, and they bought something from you.
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If you did, hopefully you turned them into a raving fan. In a world of word-of-mouth marketing and social connection, a tribe of raving fans will make or break your business.
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And hopefully, you found a way to grow a tribe of customers you love to serve, and you continue to grow your tribe of raving fans. A fantastic way not to make money is to not create a customer list. Your customers are your business.
Execute without a Strategy. A great way not to make money is to skip strategy. Just go for it. Whatever that is. Strategy is that sometimes overlooked piece of the puzzle until you realize that none of your approaches are working.
And then it dawns on you. Strategy was not a piece of the puzzle. Execute without a Plan. Fail to Execute. What a way to go.
This one is especially sad. A finance exchange of execution is how many of the best and the brightest ideas fail to ever see the light of day. Or they try to get really smart and think up ways that should work. Ask All the Wrong Questions. A fundamental flaw that can help you avoid making money online is to ask the wrong questions. Fail to Create Extreme Value.
How not to make money great way to not make money is to overpromise and under deliver. It may not catch up with your right away, but it will. In a world of ultra-competition, if you want to make money, then you have to under-promise and over-deliver. Set great expectations, but wildly exceed them. Karma does pay backs, so if you want to be on the how not to make money end in a monetary way, then be sure to pay it forward, and flow as much value as you possible can.
One of the absolute best ways to avoid making money online is never to capture the value. You can keep doing free workshops and free guides. People will happily capture the value. But what if you do want to receive?
You need to be able to catch the metaphorical boomerang of value. This could mean anything from accepting donations, to charging for some of the your stuff. Play with the freeline, but if you make everything free, then there is no line. Take More Than You Give. This is a bold move and it still happens.
If the way to make great money is to give way more than you get, then this is the perfect polar opposite to block your ability to make money for the how to make money quickly now future. A related strategy to not make money is to get greedy. If you want to avoid making money, then press your luck, and get greedy.