Everybody talks about making money online nowadays. You see new countless blogs providing information about how to make money and where. You can make money through affiliate marketing, selling ad spaces, with Twitter, Google’s AdSense, etc. While these are all legitimate ways to make money online, you should know that earning and receiving are two different things. You need to complete the cycle before you can actually say that you made money online.
What is a cycle?
A cycle is the process whereby all steps have been completed. You choose a product or service, you promote, you get someone to click on your links, they make a purchase or convert a required action, you earn your commission and finally you get paid. A cycle is not complete until you receive your money. This could be in the form of a check, wire transfer or the more popular PayPal.
I am telling you all this because there are those (specially beginners) that will signup for several money making programs, and make the mistake of promoting them all at once without looking at the thing they call “threshold” or “minimum payout”. Simply put, this means that you will not get paid until you reach a specified amount or criteria (unless of course you are selling your own product or service). Until then, your earnings will sit there (earning only interest for the networks) while you wait, and wait, and wait. When deciding for which way to go, pay attention to this important issue or else…
What happens next?
Let’s imagine that you signed up for 10 different money making programs. Each of them has a threshold of $50. You start your engines promote everything like crazy. Suddenly see that your hard work starts to pay off because you have successfully “earned” $10 on each one of them. That’s a whopping $100! Now before you start jumping, hold on to your horses as you will never get to see that money unless you attain the minimum $50 on any one of them. This could happen fast or you may never see the light of day. What I am trying to say is that rather than “earning” all over the place, focus your efforts only to a few and insists on them until you attain those minimums and finally get paid. Few here is on your own discretion, just make sure you work on it to ensure that you won’t quit before receiving what is already yours. Work your way on each program and stay on it until the “cycle” is completed. Then move on to the next. Let me give you an example:
I have recommended a while back a way to make money with Mahalo dot com. Mahalo’s threshold is M$150 or $112 (give or take). I could have waited until some miracle happened and get tons of clicks on pages I have created to reach that amount or take action and work on it. Today, I received $112 from Mahalo. Got paid via PayPal. The cycle is complete. Now imagine I got lazy and decided to move to a “better program” along the way. I would have risked not receiving anything for a long, long time or even worst, never.
What Is The Conclusion?
Making money online is not easy and ideally you should start with only a few programs and get paid. Once you become a “super blogger”, then you should not worry about this anymore because reaching that minimum is a breeze :). Multiple streams of income is great but of no good unless you see the $$. Until then, choose your business partner wisely, work hard to make them convert and don’t forget to read the terms of “when you will get paid”.