14

My Learned Lessons in 2011

2011 was over. What were your learned lessons in 2011? 2011 was very exciting to me as it’s the first year I made extra money online.  I’d like to do some reflective thinking and share my notes with you.

My Learned Lessons in 2011
My Learned Lessons in 2011

1. You should SET your GOAL and REACH it

In the beginning of 2011, I didn’t even set my goal how much I’d like to make or work hard online to archive 2011. The end result was that I didn’t publish new posts on this blog on regular basis, I didn’t work on regular basis in the early year (I was just reading and chasing around with different ideas.)

I didn’t even set my daily MMO income, so I didn’t try hard to make it until the last 3 months.

My take-away:

TO SET goals and try the best to MAKE it. (Set something do-able and stretch enough to push myself forward.)

e.g Making $1K a day is nice, but too far away from where I am so I may lose the motivation and even trying to think about.

Instead, I am setting a goal to make $100 a day this year. I’m working out the detailed plan and daily process to reach it. It’s just a number game.

2. Your Success is Just one Mile Away

As I said, I started with $0 passive income a month to nice 4-digit in Nov and Dec last year. I realize your success maybe just one mile away. Are you willing to run extra miles consistently and eventually, will hit your success and jackpot. I realize most of people trying to make money online would say it’s just damn hard and quit in the journey. They may going chase “shiny objects” and hopefully find another fast money making secret online.

Indeed, most of successful athletes just keep practicing at what they are good at and fine-tune their skills to run extra miles.

My New Minset:

I do the best and even exceed whatever I plan to do on regular basis.

Are you willing to run extra miles today so you would see your success faster? Your next success is just a mile away or even half mile, do you believe it and working hard to hit it?

Winner never quits. Are you a winner?

3. Say NO

I could imagine that you are many many Internet Marketer Email Alias and receive many emails on daily basis. I do and on some WSO alias.

I learned to SAY NO to different business ideas or opportunities. For example, I say NO to offline marketing, product creation, creating mobile apps, whatever new money making business ideas or secrets.

Instead of saying YES to all, buying info here and there, and going no-where, I am trying to shut my doors and only focus on my core business model which is creating niche sites for Amazon Associates and Google Adsense. I have some success and just keep improving the process to grow BIG.

Later this year, I may flip and sell some of those (which is new to me, but at least I am focusing what I am good at for now.)

My New Year Tips is:

Know when to say NO to what. I need to make fast decision to say NO to a lot of distraction, WSOs, and “new” information.

And you? What would like to say NO so you could focus on daily basis this year? It could change and you may take in new ideas after a period of time. It’s good be flexible, but not changing and chasing shiny objects all the time.

 

4. Failure is Your Best Friend

Many times, I was afraid of “failures” and even procrastinate doing something such as buying that domain name, publish that idea as a post on niche sites, or making change in the layout or even the color code of the Adsense.

I was “scared” of something bad imagined inside my brain, so I didn’t even take that action or execute that ideas. For example, create an email list and sending weekly tips newsletter.

INSTEAD, I should be thankful to my failures such as 10 domain don’t even rank and have traffic, in the sandbox I guess. I was losing at least $200 including the domain name and article outsoucing cost on them. (The lessons and returned value is huge though.)

New Year Take-Away:

I’m adjusting my thinking and behavior, don’t hesitant to fail and willing to FAIL quick.

Don’t fail to be failing. There are tons of niches and in order to weed out the winners, I need to build many mini-sites and willing to fail fast so I could move on next sooner or later. Also internet technology and industry is moving fast like bullets. There was Facebook a few years ago and Google+ last year. Who knows what will go hot this year?

I’m flexible enough to adapt new workflow and business processes on monthly basis. Try out something new and test it out so I could on-going grow my business.

Sharing

What are your best learned lessons in 2011? Would you like to share with IMT community? I love to hear your stories and learn the wisdom.

17

7 Steps to be Free from Information Overload

I was information overloaded, and you?

I was looking for “the shiny objects” as “5 Bucks a Day” book mentioned.

I was hungry for INFORMATION. 🙂

I am in software industry. For me, it’s not about technology, I do reading and sinking in all business and marketing ideas on daily basis.

7 Steps to Be Free from Information Overloaded

0. I filter all my emails, promotions, WSO pre-sells all into a folder. You could  do it super easily in Gmail. I go over and check out what’s new when I need to. You don’t need to check out and buy whatever people promote.

1. Slow down

2. Write down and know what you know. (Such as wordpess, seo, list building, content writing whatever you name it. You would be surprised you indeed know a lot.)

3. Know what you want to learn and read. (I on-going read and catch up SEO, link building, social SEO, etc.)

4. say NO and delete (I don’t read PPC, List building, create your own products, whatever that is not applied to my current and core business.)

5. Focus and execute. Reading info can’t get you to where you want to be, not even finishing up ONE single 5 BAD project. Just go and do it.

6. During working on one 5BAD process, you need to know HOW. Go and search what you need. Learn it piece by piece and execute.

Be Information Managed

You are Information Managed
You are Information Managed

Finally, you are not information “overloaded”, you are information “managed” and “leading”.

Information without digestion is NOTHING. If you manage, get it, and do it, it becomes your knowledge and part of YOU.

After these 2-year reading and making money online, I can’t say I am a guru. At least I know SEO & Affiliate Marketing more than what I knew 2 years ago. Indeed, before 2010, I was thinking all MMO is a SCAM. Why Google will send you a check?!

This industry and Internet/mobile industry is moving so fast. I keep learning and reading everyday.

Be information “managed”, not “overloaded” today.

After 2012 Break-down, Luckily that I narrowed and picked my ONE business model – Amazon Affiliate Authority Sites. It has been paying off very well 2014-2015.

Discussion and Sharing

Are you information overloaded? Do you have tips how to deal with it? Anything I could enhance and add on my step list? Thanks!

Happy Thanksgiving 2011

2011 has been a great year for me as Make Extra Money Online Journey.

I am thankful for:

  • all IMT readers and followers – Your support and help is my motivation
  • my Internet Marketing friends and buddies – I have been learning so much from you guys via your blogs, comments, and social interaction
  • my family – they are the reason I work hard and make extra money online
  • my wonderful wife – Her love, support, encouragement, and taking care of my family does matter to me
  • failures – I created a few niche mini-sites that don’t have traffic and income; I learned a lot from them though
  • my persistence – It keeps me going and working for couple hours on this business everyday
  • my extra income – couple hundreds a month is not whole a lot but it keeps me motivated and let me invest in this business – paying for hosting, buying software & services, and outsourcing

Thank You all and Happy Thanksgiving 2011!

And you? What are you thankful for and love to share in this community?

4

My focus in 2011

Shall I have this kind of post in the beginning of 2011? Time flies and it’s already May 2011. 🙂

As you may see, it’s not much update on this IN marketing tips blog. I have been away due to busy full time work load and family starting this blog back to July 2010.

I have resumed my energy and dedication in May 2011. I am working on my niche sites and creating part time extra income. As an IM newbie, I was struggling with life priority shift, balance, and time management. Procrastination and fear of failure was my “friend”.

Many of you have full time work and family to consume, contribute, and spend most of your day time with. Making secondary and extra income online is great to have, but we just don’t have much time left. I know everyone has 24 hours a day. Pretty fair, isn’t it?

I am investing in some online training and software. I need to have a PLAN, to-do list, and build my business around the clock.  The income may not flow right the way, but I am confident that it would come in down on the road.

HOW? Rather than telling you what to buy here and there, I have reserved and would blog about my process, tools, failure, and outcome. Stay tuned.

It’s already May in the summer. Let’s focus and encourage, motivate, and inspire each other down in the road. Let us win in internet marketing together!

Discussion

And you? How have you been so far this year?

30

5 Creative Ways to Make Money Online

Are you looking for THE secret to make money online creatively? Have you been overloaded by tons of spams selling you how to make a bunch of money in a short period of time? I don’ t have an answer here as I am still learning in my journey.

As you may know, I have been reading about Blogging Tips, Make Money Online, Passive Income, Internet Marketing, Working from Home, and Online Lifestyles that kind of niche blogs for a while. I kind of enjoy learning and interacting with other bloggers. Sometimes interesting and creative ideas are fun to read and inspire our lives.

These are just creative examples in case you are not aware of them. I was just impressed and became their readers / subscribers. In my opinion, they are super creative. Just that they involve your creativity to be very successful in the competitive market.

1. Making money out of iPhone Apps

Pat from SmartPassiveIncome shows how much income he makes on iPhone Apps. I kind of enjoy reading his monthly reports and how things break down such as his June 2010 one.

Some of free apps make money out of Ads or upsell you to the paid one.

Pros:

Mobile is still growing and there is a huge potential
It’s a proven model and more than 225,000+ apps in iPhone AppStore and 100,000 apps on Android MarketPlace.

Cons:

It’s a very competitive market.
The learning curve is steep. Not everyone could develop Mobile Apps and make profit of it.
There are basic investment on hardware and developer cert publishing those apps on the mobile devices.
Technical is the first step. Marketing your apps is tough. There are thousands of apps in the store and market. Hard working is needed to stand out; Luck comes second.

2. Online Ads is way to go

Advertisers and Internet Marketers buy Social Ads on Facebook or CPC (Google Adwords for example) and direct the visitors to their offer or landing pages. If they pay and buy goods, advertisers get paid through affiliates.

Pros:

You are going after targeted prospects.
It’s fun to monitor your Campaign and see money flowing in I guess.

Cons:

Ads is costly.
You really need to know what you are doing; otherwise will lose the budget and no return coming in bucket.

3. You could make decent income through Amazon Associates

I love shopping on Amazon as it’s free sales tax and free shipping. I didn’t know you could make decent income with niche blogs selling their products. It’s hard work but possible.

Pros:

You are promoting physcial goods instead of ClickBank Information Products
You are leveraging Amazon’s trusted branding
You don’t need to carry stocks and do customer support. They will handle all and you just need to send quality traffic to them.

Cons:

Not friendly for international customers. People hate paying extra shipping.

Some niche are very competitive such as Baby Products and Electronic. You get to be creative and work extreme hard.

4. Flipping websites

I recall I read a few blogs about successful building their online business with flipping websites and selling them.

Pros:

There are reliable channels to sell blogs and websites.
The entry cost is low; probably the domain name and hosting are required only.

Cons:

You need to have process to transfer your blog after transaction.
You know the skills to build a profitable one.

5. Spamming around on Twitter and social network

Just kidding. Don’t do it and you will get people unfollow. :)Debate:
Do you have any other Creative ways making money online. Please feel free to share.

Pros:

Easy, just create a free account to fish around with your product affiliate links.

Cons:

Bad for yourself and your branding.