The myth of getting rich quick through the internet still seems to have a pulse. Many people looking to start an internet based venture still have delusions of a “set it and forget it” situation. If only it were so easy to promote your business and generate revenue online. Online marketing is a process, not a task. Overall the process does not have a completion date, rather it’s a system of maintenance and gradual improvement.
The set and forget mindset typically sounds like this, “I’ll build a website with a great tool, product, or service. Then I’ll do some initial promotions, SEO, ads, emails, social media etc. Then I’ll rake in the money.” There’s a lot wrong with this idea.
The first might be that your tool, product, or service is great. It’s extremely hard to offer something online that doesn’t exist in some form. Check your assumptions and make sure that you are filling a need by focusing on a certain niche, geography, or competency.
The second false assumption is that initial work is the completion of your online marketing. It’s almost always just the beginning. SEO’s a good example, if you set your sites parameters and then leave it alone, you won’t rank well for long, if at all. SEO only works well when it is actively managed and content is added or updated.
Generating money as a blogger (FYI this blog makes me exactly $0 in direct revenue) is a great example of people’s misconceptions. There’s a general belief that blogging is a no-sweat way to make money. The reality is it’s difficult to make significant direct revenue from a blog as generating an audience is challenging. The other misconception is how much work it takes to maintain a “career blog”. Professional bloggers work full time keeping their content updated, fresh, and audience appropriate.
Everyone likes the raking in cash part of the process. However, when starting, people need to be aware that internet marketing is not synonymous with turnkey business. You can make good money, but not without putting in the work. Most people that promote their business through the internet have to work at it to be successful. It’s rarely a situation where they take months off at a time and just check in to see how large their bank account has grown. If you’re going to be successful with your internet marketing, you need to understand that it’s going to take work and diligence.