Wednesday, December 08, 2010

Top Myths of Making Money Online

Top Myths of Making Money Online
Let us have a closer look at what people search on google related to Money Making. I tried to compare the the volume for search in the past 12 months for the following queries in the category of Finance and Insurance using Google Insights :
  1. Free Money
  2. Fast Money
  3. Easy Money
  4. Make Money Online
World After MoneyThere you go. So many people looking to earn free money. They want to make money right now, as fast as they can.

Click on the above image to have a closer look at the image. The top most blue line is for searches related to Free Money. The Red line is for searches related to Fast Money. And the orange line below is for Easy Money. The barely visible green line at the rock bottom of the above image is what this post is all about "Make Money Online" especially by writing a blog.

Here are the top myths related to money making which I think you should avoid being a victim of.
  1. Myth: You can earn Money for Free, i.e. without working for it.
  2. Myth: It is easy to earn Money Fast. While this maybe true in some very rare accidental cases, it usually takes a lot of patience to start earning money either from online activities or otherwise. I would say you must be prepared for a waiting time of at least a couple of months in the case of making money with your blog.
  3. Myth: Bloggers usually earn a lot of Money. While this is true for a some bloggers, say around 10% of the bloggers, most of the bloggers struggle to make even $100 per month. This is because of a number of reasons which are discussed in this long post.
So if you are here for earning fast money, free money, easy money or quick money - I am sorry to disappoint you but this blog post is not for you. This is meant for serious people who are ready to invest time and patience for making a five figure yearly income. Later on maybe even six figure yearly income.

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