"What's the Fastest Way to Make Money Online"?

by: Tom Moor

An aweful lot of people are asking exactly that question - and they should. So, when I tell them it's having an online Money Making Team they typically stare at me with their eyes glazed over.

Ask any successful internet marketer who runs a profitable online business (and I am not just talking 100k per year here) and who is in business for at least 5 years, she will tell you that the internet is becoming more competitive, no question about it.

I am assuming you are reading this because you are either new to generating income on the web or you didn't have the planned success, yet. Your goal may be to make more money, spend more time with friends or family, control your work schedule or simply get out of your current job. Either way you need to be aware of the bad news, first:

 98% of all online entrepreneurs will FAIL

Why? Because of the massive competition, not from big companies that are going to enter the market but from the tens of millions of people including teenagers from all over the world that want to produce income on the web. You are one of them, aren't you? These days, starting a basic web business is as cheap as setting up a lemonade stand except that your web business has the potential to generate a million dollars. There is no reason why you wouldn't give it a shot - you need zero qualifications.

Fact is that the media is beginning to notice that millions of people are making money online. Heck, there has to be a reason why Google bought YouTube's user base (and potential customers) for $1.8 billion. Everybody and their uncle will have some sort of online business pretty soon. The internet is a part of most of our lives, already.

Still don't believe me? Alright, let's assume for a second that your total cost of living is $300 per month, how much profit would you need to make online to have a nice life? Not much, right. And here is the deal: a $15 resell commission of an ebook can be generated by an internet marketer in England who pays $1500/month rent, by an online entrepreneur in Bangladesh who pays $50/month for rent or by an online marketer in Bulgaria paying $100/month. Since those foreign entrepreneurs have the motivation and are willing to work hard (I am talking 40-50 hour weeks here) they will be  thrilled to generate $350/month profit. I don't want to live off $350/month. You don't want to live off $350/month. Putting in a 40 hour week and making $350/month is no incentive for a US-based internet business - but it is for them. And make no mistake, they do speak English and they can read. (I wouldn't be surprised if they are reading this article right know)

The more entrepreneurs join the online community the more competitive and the higher the cost to generate visitors to your web site will be. Pay-per-click ad costs on Google continue to rise. Top-ranking your web site on Google will become exceedingly more difficult. Yes, more niche markets will be created down the road but they will be populated by those millions of new online users who eagerly compete for those niche dollars. That is what I mean by massive competition.

Ok, it won't happen tomorrow but it will happen as sure as there was a "Dot Com Bubble" in 2000. Do you remember? In February 2000 major financial US magazines still featured articles about why US investors should invest in the stock market. On March 11, 2000 the Dot Com Bubble burst and destroyed dreams of wealth. Over the next three years the NASDAQ index would spiral down to about 20% of its February 2000 value.

What a disaster.

So, what does that have to do with you? In 1999 and beginning of 2000, just before the Dot Com Bust, millions of people bought Dot Com shares. At that time, major financial US publications still educated the public about the money that could be made in the stock market. Until the day the party was over.

Now, let me ask you this: In hindsight, would you rather be someone who bought Dot Com stock in 1995 or someone who bought it 1999 when every financial paper told glorious Dot Com stories? 1995, of course. And this is exactly my point. Read a similar article such as this in a popular mainstream magazine and you know the train has left the station - without you, I'm afraid. Establish yourself as a savvy and educated online entrepreneur as soon as possible. Know about best online practices and which are changing. You need an edge against the entering crowd of money hungry online entrepreneurs. It won't get easier, believe me.

Oh, I almost forgot: What about web technology? Automated intelligence tools consisting of "gazillion" lines of software code are created every day. Those advanced tools focus on untapped niche markets and tell you in which online areas money is being made or not. If an opportunity to make money exists, intelligence tools will find it. You can bet your current salary that online marketers will always chase the areas where money flows. This is not science fiction. This type of activity already exists online, today.

To make matters worse, it is very easy to replicate an existing internet business. Anybody can observe your marketing moves online. All information is in the public domain: the keywords you use, the Google ads you display, the products you sell, the prices you sell them for and more information down to the blue color of your web site.

The result of all this will be that online entrepreneurs will be entering new markets on a weekly basis as others are giving up. And the 98% who failed will try their luck again in a different market. There will be no shortage of competition. The good times will be gone forever.

Having enough of the bad news? Well, here is the good news: you can beat the massive influx of online entrepreneurs and still make money online. Click here to read more