3 Questions You Need to Ask Yourself Before Making Money Online

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Questions You Need to Ask
Are you ready to make money online? I only ask as you may be unknowingly unprepared to dive into the online realm.

I recently spoke to someone about joining my online team. This individual seemed ready for a change and was eager to get started, but their mindset was totally unprepared for what it would have entailed. This isn’t uncommon, I myself had a poor mindset when I first started making money online – I admit it!  Back then, I thought like a scared, broke person before I even started and even though I attacked my online business venture with bags on enthusiasm, my mind was not right.

This is why I struggled for months before eventually prospering online. I never asked myself specific questions, never qualified myself. I was just not fully prepared to start earning online, so I ended up struggling to prosper.

You CAN make money with your website, but in all honesty, you need to know what making money online will entail before you start anything.  Believe me, it will benefit you in the long run!

Here are 3 key questions that you should ask yourself before looking to make money online.

1. How Much Time Will You Spend Working On Your Online Business?

Questions You Need to Ask

This is a key question that many people overlook when first starting out.  How many hours will you spend working your online business every day?  Think this one through carefully before committing to your online venture.

Let’s say that you decided to open a traditional store in your local area. Think through all of the planning, all of the hard work, dedication, blood, sweat and tears you would need to put into your operation to make it a success.

Now visualize yourself starting an online venture and you can quickly see that you will be working 6, 8 or 12 hours daily to make this thing work. Just because you are working online, it doesn’t mean that there is less work to be put in.  You cannot succeed online unless you are willing and ready to work as much as you do at your current job, or as much as an offline business person would work.

2. What Are Your Goals?

Questions You Need To Ask Yourself

I remember back when I was an online business newbie. I had zero direction, no goals in place when I started my venture and because of this, I struggled for a long, long time.  You only succeed online if you have clear and definite goals in place before you set out to reach your final destination.  You need to figure out where you are headed, otherwise you end up working aimlessly on tasks that don’t seem to get you anywhere.

Let’s say you like travelling and want to run your online business whilst on the road – great!  Now list out each travel destination that you would want to visit before you take a step further. I myself have lived in Bali, Phuket, Penang, Hoi and other tropical locations for months at a time.

Now you can set up income goals, personal goals, or any goals for that matter that you wish to establish. Just be quick to write out your goals as a framework for ordering your mind toward a definite end.

3. Are You Ready to Give?

Questions You Need To Ask Yourself

Back when I first started, I was set and raring to go and make money online. I wrote one blog post, checked my email and found no opt ins. Oh well. So I wrote another blog post, and then another and another. I saw no opt ins, no comments, no money. I was crushed! I felt like I was wasting my time, or so I thought. But what I failed to realize was that I needed to give in order to receive.

Giving freely precedes online success. Be of service and adopt the mindset of being a servant, of helping others and of course be open to receiving. If you are hungry to make money online, ask yourself the giving question and be ready to write, to give, to connect and to help individuals reach their own goals.

You can succeed if you are ready to give, but you will fail miserably if you are stingy, refusing to give at all, because everybody can sense a selfish person and will run from you when you try to offer your product or service.

So, are you thinking about making money online? If so, have you asked yourself these key questions?

If you asked yourself these questions and are currently running an online business, is it maybe time to ask each question again? Maybe you need to re-commit?

What questions would you like to add to this list? How can you better commit to your venture? How can you let online newbies know what they must do before making money online at a regular clip? Please let us know by leaving a comment below!

About Ryan Biddulph

Former fired security guard and current world traveller, Ryan went from having a net worth of 4 cents to generating steady cash flow online while travelling to tropical paradises like Bali, Phuket and Hoi An. How does he help you magnetize yourself to cash? To find out Click Here. You can learn more by following him on Twitter or Google+.

  • Nirmala Santhakumar

    Nice and needful post Ryan!

    You are sparkling like a star in the blogosphere.

    Just tell me one thing, where you got differnt ideas to write and how?

    @ your post

    its really good and Hope i asked these questions to myself already.

    I learned new stuffs here related to making money online.

    Thanks for writing :)

    • http://cashwithatrueconscience.com/rbblog Ryan Biddulph

      Thanks for your CONTINUED support Nirmala!!!

      I network and take notes. So I generate many ideas by simply observing people and what they are chatting about ;)

      • http://onlineincometeacher.com/ Matt Smith

        It’s amazing the amount of ideas that can be thought up when browsing the web or even when out and about. I always make sure to jot down any ideas when I think of them, as as not to forget.

  • Hasan

    Wooww! What a wonderful writing skill you have. Thanks man for nice article.

    Learned a lot.

    • http://cashwithatrueconscience.com/rbblog Ryan Biddulph

      Thanks Hasan!!

  • http://cashwithatrueconscience.com/rbblog Ryan Biddulph

    Thanks for sharing the opportunity with me Matt!!

    • http://onlineincometeacher.com/ Matt Smith

      No, thank you for this great post Ryan! Really appreciate it :)

  • Pingback: Are You Asking Yourself Serious Questions Before Making Money Online?

  • http://twitter.com/karenmarrow Karen Marrow

    Ryan, these are some awesome ideas. I think most people are looking for the “easy button” and aren’t prepared for what it really takes to run a business. Starting with the right mindset and setting goals and visualizing is a great place to start. Thanks for this, Ryan! ~Karen

    • http://cashwithatrueconscience.com/rbblog Ryan Biddulph

      Well said Karen, thanks!

  • https://www.facebook.com/MissClairT Clair Trebes

    Hi Ryan & Matt – Such an IMPORTANT post this one :) So many people think doing this online work is a walk in the park with very little “work” involved!

    When I first started out, I was lucky that the person teaching me the skills to do this made it VERY clear from the off that it takes a LOT of work and it doesn’t happen overnight!

    This post offers real, sound advice – 100% sharing this out now – even if it helps one person with their journey then its a job well done!

    Clair

    • http://onlineincometeacher.com/ Matt Smith

      I find that it is a good approach to life in general. Nothing is easy and thinking that it is will only harm you in the end. Having a good work ethic is good for the soul.

      • http://cashwithatrueconscience.com/rbblog Ryan Biddulph

        Agreed Clair and Matt.

  • http://www.facebook.com/RCONNORIII Robert Connor

    Nothing but the truth in this post – thanks Ryan! With all the everyday distraction in my world, goal setting comes in very handy to stay on track. Everyone have a great day on purpose!

    • http://onlineincometeacher.com/ Matt Smith

      Hi Robert,

      It can be so hard to get things done without setting goals, especially since blogging is very self driven. I don’t think I would get anything done if I didn’t have my “to-do” list for the day.

      • http://cashwithatrueconscience.com/rbblog Ryan Biddulph

        Agreed heartily on both counts guys ;)

  • http://onlineincometeacher.com/ Matt Smith

    Hi Saeed,

    A personal domain can be just as effective as a branded domain, you just need to get your name out there. If you can become a recognisable name within your niche, then people will be able to find you.

    • http://cashwithatrueconscience.com/rbblog Ryan Biddulph

      Matt nailed it Saeed, gotta get your name out there.

  • http://WWW.EXTRA-CASH-ONLINE.COM/ Robert Connor

    Ready to Give can not be understated thanks for the good read Ryan!

    • http://onlineincometeacher.com/ Matt Smith

      Definitely!

      People will only be open to you if they feel that you are open to them. That could be in the form of giving out advice to people when they ask for it, answering peoples emails, answering questions, pointing them in the right direction and just being helpful overall. Not only will that individual appreciate it, but others will as they will see you are genuinely trying to help.

      • http://cashwithatrueconscience.com/rbblog Ryan Biddulph

        Great add Matt and thanks for stopping by Robert!

  • Aryan

    I’ve very serious concern here, and many other aspirants like me also have the same that what if our one kind of community don’t have enough knowledge in any particular niche but we still want to make money out of a blog. But for that we need to make a blog full of quality content which attracts traffic. Which seems quite hard in this situation. How we are supposed to give something different and valuable content.

    Help me out with this asap.

    • http://onlineincometeacher.com/ Matt Smith

      Hi Aryan,

      Just to clarify, you want to know how you can create a profitable blog in a subject that you maybe don’t have that much knowledge in? (I think that’s what you meant).

      That is a good question that many people ask. Yes, it can be difficult to do, but not impossible, it just takes time. Essentially, your question can be broken into two answers…

      1) “you want to know how you can create a profitable blog…”

      There is a lot that goes into creating a profitable (and popular) blog. You need a well designed site, regular quality content, products to sell/promote, etc. and some sort of USP (unique selling point) that helps you stand out from the crowd.

      I can’t hope to answer all of that in a simple comment, though we do have lots of posts here on the site to help you with that.

      2) “… in a subject that you maybe don’t have that much knowledge in?”

      This is the interesting part of your question. Now some may say that you can’t build a successful site on a subject that you don’t know much about, but I disagree with that. I’d turn it on its head and say that is can actually be BETTER if you don’t know much about that subject.

      That statement may sound crazy, but let me clarify. When I first started OIT, I didn’t know too much about blogging. In fact there are still plenty of things that I need to learn about, but that hasn’t stopped me from building this site.

      The advantage you have is that you can approach a subject from the perspective of a newbie. There are plenty of people out there that want to learn about a subject from the beginning. If you can explain it to them, in its simplest terms, then you can attract traffic. Too often writers talk over readers and assume that everyone knows what they know. That just isn’t the case.

      You can also ask guest writers to write for you. That can help you publish content on areas that maybe you don’y have enough experience to write about yourself.

      The KEY POINT to remember is though that you should only pick a subject to work on that you are PASSIONATE about!!! It takes a lot of time and hard work to run a site, so you must be passionate about that subject. If not, you will likely just give up after a few weeks.

      Hope that helps Aryan :)

  • http://www.extra-cash-online.com/ Robert Connor

    After visiting Ryans blog we see that his giving has come back to him 19 fold!