First, I had a reader ask:
Why don’t you tell us how you went about choosing the web sites you bought last year, why they were doing so poorly at that time, and how they are doing now. It might be good to explain how you went about monetizing them, and why you chose certain ads for that purpose.
The second reader asked the following:
How do I get started with an online business and how do I figure out which one is best?
And what do you think my answer was to both of them? Focus on what you know!
The Key To Success
The absolute key to success in everything I do is focusing on what I know. Every website I own is based around some experience I’ve had or passion I want to share. I’m not the only one who thinks this. Warren Buffett is famous for investing in what he knows – he usually avoids hot tech stocks because he doesn’t understand them. Instead, he focuses on consumer goods and railroads – things he knows a lot about.
Where To Start
When starting something, there is always an unknown. You can’t know everything. But you can do some simple things:
- Let your passion shine through (this can especially help online as you work through the technical stuff)
- Ask others
- Read a lot
- Find a mentor
- Pay for advice or help by hiring a coach or taking a course
Last year, I bought several eBooks and took an online course. I’m all about continuing my education online. There’s always stuff to learn, and sometimes it’s worth paying.
Finally, if you still just know know, you could also focus on what you don’t know. Some of the most successful bloggers started by using their blogs to chronicle their learning – because they didn’t know. It’s why JD Roth started Get Rich Slowly, and it’s why Pat Flynn originally started his Green Exam Academy site. These guys didn’t know, but used their blogs to chronicle their learning.
There is so much potential and opportunity, don’t let fear of the unknown hold you back.
What are you passionate about?