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The one question that I get asked more than any other, from people coming to my website and virtually every place where I connect to is How Long Does It Take To Make Money Online?
The plain and simple answer is it all depends on…….
Now, that may not be the answer you were looking for but I’m afraid that is the broadest answer I can give.
There are so many aspects attached to running an online business that it would be impossible to give an exact answer.
For instance, how competitive is your niche, how much effort do you put into building your business, how are you promoting your business.
These are all factors that come into play when trying to give you a complete and honest answer.
Let’s take an offline business for example, How long would you think a coffee shop will take to show a reasonable profit, or how about a new grocery store, a hardware shop. Any high street business will take in the region of 5 years to make a decent living from their profits.
There are two things that you have got going in your favour,
1. is that an online business will normally take less time because of the vast amount of people that use the internet and
2. it will be a lot cheaper to set up an online business that it does to set up an offline business.
It is very easy to start an online business for as little as $40(£30) per month, plus the cost of your Domain Name $15 (£12) per year, compared to say a high street business where you could be looking at anywhere up to $50,000(£40,000) depending on the trade, plus monthly overheads that could amount to thousands.
What Do I Need To Start making a Profit?
You need two basic things, Hard work, and Patience.
Things have got a bit tougher in the online world over the past 2/3 years, google is making it harder for new sites to rank quickly purely because they are more interested in sites that are going to be around for the foreseeable future and not just a quick scammy site that is after a quick make money and finish.
Google are in the business of giving their customers fresh up to date content and a site that has only been around for a couple of months has got to prove its worth. So patience is key.
You are also competing against older established sites that have been around for years, so your content has got to be better and fresher than these older sites for google to recognise your standing within your niche.
It can take up to 6 months before you see any significant movement in your rankings within google. So your hard work in producing quality fresh content is what is needed to get you on to page 1 and your website noticed.
Writing new content 2/3 times a week isn’t everybody’s cup of tea and I know it’s hard, this is the reason why not everyone succeeds but I’m afraid unique fresh content is going to be the key to your success.
If you start creating a new website knowing that you are in a marathon, your chances of success increase enormously. If you start off thinking you are going to sprint to the finish and start making money by next week – you will fail. It really is as simple as that.
Consistency has a major role to play in any online business success. The more consistent you are with publishing articles the better your chances of getting recognised by Google and the better your rankings will be.
It may get frustrating churning out 2/3 articles a week and not see any progress in the first 4/5 months, but this is the time that a dedicated entrepreneur keeps going realising that it is going to be all worth it in the end.
Never Give Up
Are You Ready?
Here at Wealthy Affiliate, we teach consistency and patience.
There are 2 levels of membership, Free, and Premium. Free membership is exactly what it says $0, which gives you full access to premium tools for 7 days before you are offered an upgrade to the Premium membership at a massive 56% discount of just $19. The Premium membership is $49 a month.
The point I am making here is that there is also a massive discount on a yearly rate of almost 50%, bringing the monthly commitment down to under $30. This is to encourage new members to commit for the long haul. It isn’t about the money at Wealthy Affiliate as demonstrated in the massive discounts available, it’s all about impressing on new members the importance of consistency and patience.
I hope I have given you a better insight into when you can expect to start making money with your online business.
Any comments you may have or questions you need answers to, please leave them in the box below and I will be only too happy to converse with you.