#1 Reason Why Most People Fail To Make Money Online is indecision!
They can't decide if internet marketing is for them. They are getting mixed messages from everywhere, messages like:
"You can make a million trading the stock market."
"You can achieve financial freedom with MLM."
"No, I think I should be a REAL brick and mortar businessman. Internet marketing is not a career!"
One of the secrets of success is that when you make a decision, everything else will fall into places. It's one of the secrets of the universe, as important as the law of attraction.
The tough part is to make a decision.
Let's compare Internet Marketing with Stock Trading, MLM and a Brick And Mortar Business.
Internet Marketing vs. Stock Trading
I see stock trading as a form of wealth management. You should learn how to park your extra money in the stock market to get better ROI (return on investment) than putting money in fixed deposit.
But trading the stock market full time is a bad idea, unless you package it into a business, especially an online business. If so, you're back to the idea of internet marketing.
The truth is most stock trading experts make money teaching people how to trade stocks! They create courses, software and books to teach people and make huge profit from there.
In stock trading, there is no sure-win. If you get a return of 50% consistently, you are considered an expert.
But do you know that you can get 1000% ROI in internet marketing? For example, I can invest $200 to get freelancers to rewrite articles, create a website and build links. In the years to come, this website will easily earn me more than $2000. That's a return of more than 1000%!!!
My risk? The worse case is I break even. These days, I hardly have a website that lose money. It's just a matter of time before I break even.
My advice is, trade stock if you are interested, but spend more time building your online empire because you can get better ROI at lower risk.
Internet Marketing vs. MLM
The dream of MLM (Multi-level marketing or network marketing) is that you can achieve time and financial freedom. This is the idea that most MLMers will try to sell you.
To me, the true value in MLM is mindset training. Success is all about mindset. Good MLM companies have good training that can instill the millionaire's mindset into you. This is something internet marketing can hardly achieve.
Other than that, I really can't see any advantage over internet marketing.
If you talk about financial freedom, internet marketing can definitely give you financial freedom. Online income is definitely more passive than MLM income. In fact, you can have multiple streams of online passive income, which makes it more stable than just 1 source of passive income.
If you talk about time freedom, MLM can give you time freedom ONLY after you are successful. During the process of team building, it's hell!! Your working hours are nighttimes, Sundays and public holidays. These are times when your family members are free but you are not!
Internet marketing, on the other hand, gives you time freedom EVEN before you are successful. You still have to work hard, but you chose when you want to work. You can work when everyone is sleeping. Or you can work an hour and play with your kids for the next hour. It's all up to you.
Moreover, if you truly believe in the power of MLM, you should explore online MLM instead of the old-school brick and mortar MLM. The old-school MLM is really a time waster.
Internet Marketing vs. Brick And Mortar Business
Ever since I tasted the goodness of online marketing, I've never thought of doing brick and mortar business again!
I started out running traditional business and it was a relief when I converted my entire business to online. When I ran my offline business, my mind was all about how to pay my rental, my staff's salary, how to bring in customers etc. I hardly have time to think of business strategies and expansion.
But online business is almost stress-free. When you are small, you work alone. There is no worry of office rental and staff cost. You spend most of your time thinking of business strategies and how to expand your business, which is definitely more important than working hard to pay bills!
Another important difference is in offline business, you can hardly find people who are willing to show you how to make money. But in online business, many people (too many in fact) wanting to show you how they make money. Some of them may charge you, but you are talking about $47 or $97. That's cheap!
Final Remark......
I hope I've been impartial in my comparison. I've been on both sides of the equation and I just hope that my experience can help you make a better decision.
Remember, regardless of which decision you make, once you make the decision, everything else will fall into places for you!
To your success,
Kenneth Koh
Founder, EmailCashPro.com
