10 Reasons Why You Won’t Get Rich Online

Wed, Oct 7, 2009, by Christian M Archer

Money Making

There are millions of dollars exchanged online every week. Here’s why you won’t get your hands on any of it.

You can’t throw a virtual stick online without hitting a site that guarantees enormous payouts with little or no effort on your part. Despite your better judgment, these ideas seem enticing. After all, who wouldn’t like to make thousands of dollars a day by simply posting ads online or recruiting a few strangers into your ‘down-line?’ The Internet gurus would have you believe that you can get rich online. Here are the reasons why you won’t.

  1. You don’t have the technical skills. Moneymaking sites are carefully designed to run smoothly. The sites must be coded to accept user input, store information, check credit, verify shipping and tabulate many statistics that the customer does not see. You need an extensive knowledge of HTML, Flash and scripting programs to make a professional site.
  2. You don’t have a real product. The most monetarily successful product is one that is tangible. Sure, you may manage to sell a few folks a copy of your e-book, but the average consumer would rather have something in hand in exchange for their hard-earned money. ‘Advertising revenue sharing’ and ‘a position in our matrix’ doesn’t cut it.
  3. You aren’t willing to put in the time. Any legitimate business requires hours of work. Notice the sites that are successes online. Do you think that Amazon.com spent an hour throwing together its website? How about Yahoo? Hundreds of programming, design and content hours were spent making these and other sites profitable.
  4. Your expectations are too high. If you buy into the hype that get-rich-quick sites are selling, you will be very disappointed by your own figures. Keep in mind that if one person manages through some amazing fluke to have one $1000 day with the product, the site can forever legally trumpet the headline, “Make $1000 a Day!” You won’t be the fluke.
  5. You don’t have a unique product. The huge successes in any business are companies or individuals who create a new product that is not being offered by anyone else in the market. Being the 5000th person to sell the same tired e-book will certainly not distinguish you in the Internet marketplace, nor will it guarantee riches.
  6. You are participating in an MLM or pyramid scheme. Do you personally know anyone who became a millionaire in an MLM? I don’t mean the proverbial friend-of-my-cousin’s-friend. If MLM isn’t making millionaires down the block from you, why would they be any more successful online?
  7. You don’t have a sustainable business model. In other words, you need to know how the money is made and how it is distributed. Too many sites claim to make piles of money for you, but they become mysterious and vague when you ask direct questions about where this amazing cash flow comes from. Money comes from two sources. Either someone is buying a tangible product or service or someone is being swindled. If a site can’t explain in basic terms precisely what product is being sold and why they would want to share their profits with you, steer clear.
  8. You believe the Internet ‘opportunity’ sales hype. When greed kicks in, good sense usually takes a back seat. This is why get-rich sites show photographs of money, mansions, tropical vacations and hot cars on their homepages. They want to start your millionaire daydreams going before you think to ask reasonable questions about the nature of the business. A real business is focused on providing value for the customer, knowing that this will ultimately lead to profits.
  9. You are impatient with the process. We have all been spoiled a bit by the speed and efficiency of the Internet. Information, entertainment and help are immediately available on a wide variety of topics. Because of this we expect the Internet to deliver riches just as fast. When the money doesn’t materialize, you will be tempted to move on to the next site. A real business will take time to grow.
  10. You don’t have enough credibility. When you are selling online, you are asking a customer to trust you based on your online persona. If something goes wrong with the transaction, it is difficult or impossible to track down the merchant and demand satisfaction or a refund. This causes an understandable amount of distrust in online dealings. If you are selling an intangible product, this distrust is greatly multiplied. Most adults are wisely gun-shy about spending money on a promise made by a stranger.
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4 Comments For This Post

  1. Louie Jerome Says:

    There are no ways to get rich quick on the internet, or anywhere else. Real life, or virtual, it tales work to make money. Top and bottom of it is that you won’t make money without time and effort.

    Anyone who reads the ‘get rich quick’ stuff and thinks they have discovered a way to success and riches without effort, is a fool. Why would someone who has such a fabulous way to get rich want to share it with you?

  2. rbs612 Says:

    Correct & Unique!
    More problems are discribed in the article under title Beyond The Mirage of The Alluring Programs on The Internet, at this very site.

  3. Jack Says:

    Though, i guess you are getting money writing this?!

    Anyways, a unique article and i liked reading it.

  4. Aaron Says:

    \”friend-of-my-cousin’s-friend\” is not a proverb…

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