Top 5 Internet Marketing Misunderstandings
Posted on August 29th, 2008 by Jim under Affiliate Marketing, Make Money Online
There are certain misunderstandings about the internet marketing world that I feel you should all be aware of. Setting itself up as kind of an “elitist” group of people, internet marketers are the ones making thousands off of websites, products and other online trades… sometimes even at your expense! But things really aren’t as bad as they appear, and hopefully after reading this you will realize that the barriers to entry are all made of glass.
A lot of marketers are going to make arguments that the following points aren’t true; in fact, they couldn’t be truer. People who tell you that it requires a lot of work, money, effort etc. just to get your bearings are trying to persuade you to stay away from their market. Don’t believe it. The bottom line is that being an internet marketer is a lot easier than you think. You all know that I don’t work as or consider myself an internet marketer, but this is really just a choice I made a while back to limit my exposure to the internet. If I wanted to sit down and make some money, it wouldn’t be very difficult at all to get in the game. Let’s get to the top five incorrect thoughts.
1. You Need a Lot of Money In Order to Make Money
Say what?! Too many people are trapped in the notion that they need to spend to earn. While you certainly can accelerate your earnings with a bit of an investment from the start, I came into the online money making business with literally an empty PayPal account and gradually built it up.
The internet is probably the only place where you can get an entire online business built for under $25 and be successful. I got my start by generating so-called “seed” money, which you can earn through any Get Paid
To (GPT) website in a few minutes, and investing that in a domain name. Eventually, I had enough built up to afford nice web hosting, advertising money and the whole lot. This all started from an empty PayPal account!
2. Traffic = Sales
Too many people think that traffic is traffic is traffic… that couldn’t be further from the truth. Unless you are spinning off a website that isn’t even yours and couldn’t care less about where the traffic comes from, you are going to want the visitors that make it to your website to be legitimately interested. Furthermore, having more traffic doesn’t mean you are going to increase your sales. I have seen tons of Pay-Pay-Click and similar marketing plans fail because of poor traffic. In fact, these cases actually involved marketers that shifted away from profitable campaigns in favor of faster traffic… which eventually drained their margins.
Want an example? Say I am starting up a website about planting trees to save the environment (aw, how nice). I’m not going to put money down to target the word “tree” because that could bring me people who want anything from birdhouses to gardening tips… not the environmentalist spin I was going for and not the people who will make me rich. Relevancy in marketing campaigns is more important than you’d think!
3. The Internet Marketing Business is Over-Saturated
Ever feel like someone is trying to close the door on you? Lot’s of successful bloggers or internet marketers tell you that there is no room for you to get in the business. In fact, there is plenty of wiggle room in every niche (yes, even the “make money online” niche). Online business is accelerating at a rate in excess of 20% annually. I feel like the current levels of participation on the internet are only a fraction of what they will be, so get in now… we still aren’t even close to fruition.
Now that more and more marketing companies are coming to the table, it appears that somebody thinks there is potential there. The trend is your friend! If you see more and more internet businesses popping up,
namely internet marketing companies, then it is obvious that people see huge gaps to be filled and want a piece of the pie. Why not you too?
4. You Need This Product To Succeed
In all my time online, I have never bought anything over $100 in value that I didn’t say to myself: “hey, this shouldn’t be worth more than $50.” There are literally hundreds of so-called “miracle” programs and products out there that are essentially exploiting our gullible sides into thinking that they will help. You can do anything and everything yourself. Once you get a bit more established, sure, go for it. But if you are a beginner you really don’t need any of the stuff marketers through at you to make money… bottom line.
I’m planning on launching a post soon where I analyze the appropriate value of products that I have tried and paid for personally on the internet. It’s true that if you have the money to spare, certain programs may accelerate your ability to work. However, nobody actually needs the things they recommend… and the help provided is only marginally better than what you can do yourself. For a slight increase in productivity, you probably will be better off without it.
5. You Can Make Hundreds/Thousands in One Day by _____________
One common misconception in ANY online business is that you can make hundreds of dollars, or even a few thousand, in just one day. If anyone tells you that this is possible, you should be a skeptic. Option one is that they have used days in advance to prepare in order to launch their campaign successfully with all the right keywords and niche exposure. Option two is that they are professionals doing this already, and have gradually built up positions that now make them $X dollars every day.
Lesson learned, if you are new to any business… it’s not going to be possible, at least at first, to make that kind of outlandish profit in a day. Sorry to burst your bubble, but the odds of being successful without a professional background in one day’s work are close to none. Taking your time and gradually making your presence known is the best way to fly every time.
Bottom Line: There are many internet marketing misunderstandings, but I have chosen to highlight those that deal with the whole “elitist” point of view. Never say never, but also don’t fall for things that seem too good to be true. Anyone can be an internet marketer by building up gradual positions… put in the work and you’ll succeed!
-The Net Fool
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Hey,
I just ran across your blog today and read this post.
I thought you did an outstanding job dispelling a lot of the myths and misunderstandings about the internet marketing niche.
I was someone who always complained about the internet marketing niche being over saturated, and I even convinced my subscribers to pursue other niches. But now, after reading your post, I can see clearly now….just like the song!
There is still plenty of room left in this niche!
Also, more and more people are coming online with an interest in making money….and as long as there is a continual pool of fresh prospects coming in on a daily basis, there is enough room for all of us to grab our piece of the internet marketing pie.
Do I think it will ever become oversaturated?
No, because the internet is expanding and growing by leaps and bounds every single year. More people = More opportunities to make money in this niche.
So thanks a lot for opening my eyes concerning this matter.
You’ve definitely won a loyal blog reader!
Melvin Perry
List-Building-Videos.com
I think it actually is a bit harder than you lead on in this article, and the ppc game is sometimes like gambling. Of which if you have more money the odd’s are better for you sometimes.
The rest is dead on, and even the first two points I raise are usually overstressed just as you stated. Nothing should deter you from trying something yourself.
Most of the time the worst place to get advice from is someone else doing the same thing you want to do. Especially in internet marketing.
Good article Jim
Big Ben Pattons last blog post..eBay Inc. v. Digital Point Solutions, Inc. et al
This is going into my link love post next week.
Desmond - DesmondBlog.coms last blog post..Saturday Updates and Links Love
Excellent post. I couldn’t agree more with #5! Though all your points are well thought of, #5 is the one that stands out (for me).
Keep up the great work Jim!
Lucass last blog post..Saturday Link Bits - 30 August 2008
Some great points there, for myself number 3 stands out and reminds me of when I was first starting out, with successful bloggers saying there’s no room for any one to get into the business. It’s sometimes a confusing time for newbies being told contradictory things all the time.
Great Stuff,
Thanks Bro
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never let anyone tell you want you can’t do. The reason these jerks tell you that the market is saturated is because they want to continue posting about what they had for dinner last night and consider that “making money online”.
Sell Porn Make Moneys last blog post..Friday Freebie Porn
Outstanding post. I’ve often thought that I’m too late to the game and don’t have enough knowledge of the web. Thanks for the confidence boost!
You were able to put the IM niche into perspective, well stated. #4 was the one that gave me a chuckle… Getting to know a lot of people through those internet marketing “seminars” was a huge eye opener… even though I consider them my online friends, I still call them out on many things they do! I stopped buying those products a long time ago, you don’t need them.
Yes
Most people think that marketing on the iternet is out of their reach when thats far from the truth. I think most really don’t know where to start because they are bombarded with too much info.
If they just stick ine baic thing they liked and was a profitable niche they would have great success.
Great post
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You’ve honestly pointed out that there is still room in internet marketing.
As always, amazing quality post!
An online business is the same as any other business, it takes time to grow and develop. Many people think that by buying a ‘miracle method’ they will beat the system, but you need to allow time to get things done.
These are great misconceptions and I am glad you have pointed them out.
Another misconception is that only ‘professionals’ can release books. Online everyone can make a useful and valuable ebook in their niche.
Great post Jim, good stuff. I think it depends on what you want to do, as to how hard it will be and how much work. If you just want to make a lil change online, you can get into that fairly quickly, however if you are wanting to build a lasting foundation, it’s gonna take a little more work.
I do hate when people say the mmo niche is “oversaturated” puhleaaaaase! There are always people looking to make money online, just like there are always people looking to lose weight, and any other niche that is overflowing with newcomers everyday! Very true Jim…again, nice post as usual.
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I especially agree with post 1 and point 5
You cannot just expect that in your first day of IM to make thousands - it’s gonna take work
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I think #1 and #2 are really big points considering that you really don’t need as much money to get started as you said but traffic doesn’t necessarily mean sales. Example, I ran a campaign recently that received 500,000 impressions and resulted in 200 sales. This was on facebook therefore the lead rate was lower than most others but just an example.
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Yet again another great insight on IM, especially on point #5. I’m always skeptical when I’m faced with all sort of not-too-be-missed opportunities to make thousands within the shortest possible of time. I’ll just give it a pass as another marketing gimmick. Great article, Jim.
Yan
Thanks for dispelling the myth about those that earn thousands of dollars a day.
It is hard to achieve this by sheer luck alone or following instructions like a recipe. The pros hit on the magic formula through hard work and testing for weeks and then further refine the process down to a day’s work.
jeflins last blog post..Plunge In Oil Prices Claims Another Major Casualty
I agree Jim, I also built my online business with an empty paypal account, I just bought a domain/hosting and then I start making money. People sometimes think that it’s easy to make money online but it’s not, you need to make a good effort to be able to do it. Also, you need to have some luck in this kind of businesses.
I agree with you Jim! I started with $0 and now I can easily make $1000+
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Traffic = sales was my own misunderstanding. Now I know better.
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