Sure the title is a tiny bit fancy but the actual truth is that there are some people who really do earn millions of dollars entirely online. Of course, if you hear that somebody has made this amount of money you are more than likely going to scoff and move on. This is usually because, more often than not, the threads and articles saying how to teach you to make a million dollars aren't anything more than sales pitches. Most of the people in the IM industry are convinced the best way to make money is to offer someone a way to make money. For many people, when you invent a great system, this will likely work for you as well. For most, though, this type of approach is only good for a few extra dollars. Here is how you can truly produce hundreds of thousands of dollars online.
The very first thing that you need to do is select a topic or market that you honestly love and then find a way to work within it. There is zero law that states that in order to generate income on the internet you have to sell IM products to IM professionals. If you do have a enthusiasm for the environment, produce a site about that. Choosing a theme you love implies that you will be more likely to stay with it and put effort into your work because the work is something that matters to you.
Do your best to generate a professional level standing for yourself. The better your standing, the more people are actually gonna talk to you and track you down when they need advice. Don't forget: a specialist reputation is important for more than merely selling stuff. It is what people will use to hire you to generate products, coaching others on how to make their own products and then contribute in other important ways to your niche. When you are an authority people will recognize you offline as well as online.
Do not simply focus upon the invention and sales of products. Focus primarily upon developing real relationships inside of your niche market. Take part inside the forums inside your niche. Contact individuals inside your niche with words of compliments for the things that they have created or contributed. Leave beneficial feedback on peoples' websites. Dont actually sell while you're doing this. The intention here is to make genuine relationships so that, later on, you will be the one people think of when they are asked for referrals in your niche.
If your site is routinely bringing in a nice sum of money in advertising revenue, don't sell through Flippa. If your website has a good reputation and you are consistently making reliable and high dollar money and you still want to sell the site, get an investment banker to sell it for you. An investment banker who handles sales will bring far more expertise to your offer, act as the middle man and will be significantly better able to sell your website to somebody who has pockets that are deep enough to pay your asking price.
Above all of that, do not ever forget to have fun simply because if you don't like the things you are doing, exactly why are you still doing them?
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