Here I am again. Your personal myth buster. Haven’t done a segment like this in a while. So, I thought I would dust my favorite yellow myth busting jacket. Take it out of the closet and tantalize your interest. So this year I wanted to bust making money online myths. Here’s the thing about making money. It isn’t easy and there is so much noise out there. No white noise. No, this is the kind of noise that gives you a migraine because of misinformation or just too much information.

The internet has been around since the 90’s. That’s a long time. Making money online started as early as the late 90’s. Strange right, but if you were old enough back, then you must remember subscriptions and even paying for email newsletters. Back then, though, it was in its infancy. Too young to make a dent or splash in the papers. Not enough people were interested.

Making money online became popular after 2008. When the world was hit with a tsunami of bad news. You remember the year? People lost their jobs. Inflation was at an all-time high. Well before the pandemic. College grads were now wondering what they’d do with their life. High school seniors weren’t optimistic about their future. It just wasn’t the best year. But that is when entrepreneurship became popular and more people were trying to find out how to make money online. So, this isn’t a new wave. Every year, this industry grows. And because of that, so do the tails start wagging even more. They are a lot of myths out there. So, I thought I would take the time to bust making money online myths.

Also Related: The Average Person Won’t Make Money Online. Don’t Let That Be You

Myth 1# People don’t make money online

I have an aunt who I love dearly. When she visited my family seven years ago before, I really made headway in making money online. She told me a story about how a friend of hers’ lost money online. She then told me, ” people don’t make money online.” Now, I had done my research and knew that they are dozens of ways to make money online. I couldn’t blame her. They are many people who think that.

So here’s the first making money online myth that I want to bust. People make money online. You know that adage; they are many ways to skin a cat. What they don’t tell you is that they are right and wrong ways to do it. They are people who never make money online. That’s because they aren’t doing it the right way. Be smart when you want to make money online. That requires foresight and something many of us are terrible at. You got it. Patience. Be patient. You know squirrels spend a lot of their time finding the right nuts to bury. They will forage until they find the right nuts. Many of us aren’t patient. We give up way too early and because of that, we cannot achieve what we want.

If you want to make money, then you need to practice patience. Not the easiest thing to do, but it is the most rewarding thing you can do. Think of what you want to achieve and then focus on that. Let that be the reason behind your purpose.

 Myth 2# You need lots of money to make money online

They are dozens of ways to make money online. Some require more money than others. Others you don’t need as much. There’s a twofold way to bust making money online myth two. The first fold is that you can start simple and progress from there. What skills do you have? Maybe you are great at writing or even good at being on camera.

Starting a blog or YouTube channel requires the least amount of money. In 2018, when I started my blog. I didn’t have any money. There was zero dollars in my bank account. My big brother sent me some money. I put it in a bank account. It was only one hundred dollars, and I started my blog with that. I paid for a month using Hostgator and I went from there. Sometimes you don’t need the full picture. Often you just need a smaller one. Use what you have instead of focusing on what you don’t. Even if you have no money, you can borrow or you can make money. I will share that with you later.

You can even start with a YouTube channel. Just use your phone and a lavalier mic that you can get for $20. That’s all you need. So myth two has been busted. If you still have doubts, think about how massive the internet is. It is literally it’s own country. A global opportunity that awaits you to take a chance and decide that you can do it.

Myth 3# You need to be a genius

Maybe you aren’t an intellectual. Few people are. You might not create the next big thing, but that doesn’t mean you can’t make money online. I was once told to find what people want and give them that. That is the secret to making money online. So, it isn’t novel. So what? Give people what they want. That’s how people make money. Follow the trends and figure out what is missing. See what people are doing and do that. You don’t need to be brainy to make money online.

That is one of the biggest making money online myths out there. Change your perspective. Realize that you can be an average Jane or Joe and still make money. In fact, the more relatable you are, the better. Those are the people we connect with. Not the top gurus. Sure they make money. Being famous has its advantages. Those of us who were slow to jump on the ride need relatability to connect with people. They are people who once were relatable who no longer are because they forgot what made people connect with them.

The best way to make money is by looking at your skill set. We all have skills. No single person on the planet doesn’t have that one thing they excel at. And I’m sure they are people who would pay good money to learn that. Unless your skill is so niche and out there that people wouldn’t be interested in. That’s rare though. People these days can make money from literally anything. So, you are in good company. Myth three has been busted. Now onto the last one.

Also Related: Why Entrepreneurship is The New Normal?

Myth 4# Making money online is a scam

  For every con artist, there is a legit salesperson. Did you ever read Confessions of a Door to Door sales agent? It was a brilliant read. It tells the story of a struggling salesperson. He struggled to sell his products for several reasons. Many thought he was a scammer. The second reason is he was selling things no one wanted. Perhaps he was selling to the wrong demographic. And he didn’t know how to market his products.

There will always be people who question everything online. “Did so and so really make money from doing that?” I remember reading how webnovel platforms were scammers because of how they’d approach authors instead of the other way around. Now, self-publishing is still better because you make more money but webnovelists do make money.

A webnovel is simply when an author serializes his content or novel and publishes it on a platform. Think Charles Dickens. Now, don’t get me wrong, they are online scams. You just have to be picky with what you spend your time on. The way I look at is like this. The marketplace was niche. So con artists back in the day would con those that were in a particular city or district. Now, the marketplace is global. They are more options out there to scam people. But not everything is a scam. Therefore, you need to take your time understanding how to make money online.

The number one reason people get scammed is that they aren’t knowledgeable. That’s why I created this blog post series. By the end you will know how to bust making money online myths. You will also know how to make money online without losing sleep and losing hair.

What is your one takeaway from this post? What making money online myths did you think were true? Comment below.

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