The truth about making money online

 

I hear every single day from readers who want to know exactly how I’ve made money with The Simple Dollar or how they can make money doing a similar thing, whether it’s starting a blog or posting Youtube videos or writing ebooks.

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I’m going to spell all of this out in detail so that the reality of it is as clear as possible.

First of all, the only way to make money consistently online is to produce a lot of content on a very consistent basis. There’s really no other way to do it with any consistency. Sure, someone might throw a video up on Youtube only to see it go viral and get passed around like crazy, but that type of phenomenon is often completely unexpected and heavily based on luck.

The only way to make it work consistently is to produce content every day – or at least several times a week – and do it over and over and over again. You have to treat it like a second job.

Because you’re going to be doing it so often, you need to either be producing stuff you’re excited about or have an incredible work ethic. Ideally, you’ll be doing both at the same time.

If you can’t do that, then anything you do online will be effectively like playing the lottery. You might randomly put up a hit every once in a while, but it won’t be sustainable in any way.

Second, if you’re concerned about earning money during the first year of putting in consistent effort, you’re better off spending your time doing something like Mechanical Turk. Mechanical Turk can earn you a few bucks an hour right from the start, so if you’re just wanting to earn a few bucks right now while clicking around, that’s probably a better approach for you.

So, why aren’t you going to earn a lot of money right away? It’s because there are a few rules that govern how people make money online. These rules seem to be true for everything that makes money online.

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