What happens when you stop paying attention?

Wow! I’ve been missing for quite a while. But I told you that I would be inactive for a long time. So what have I been doing and what has happened to my online empire?

So we’re putting together our research company — hunting down funding, gathering equipment, etc. I’ve also been doing some consulting work for a company that makes LED’s for televisions and computer monitors. It’s pretty good work. I don’t get to sit around in my bath robe like I used to, but I’m enjoying what I’m doing a little more.

It’s really been pretty exciting. If you think convincing people to hand over $100 or so is difficult, try schmoozing someone out of several hundred thousand sometime. And my consulting gig managed to salvage over $2 million dollars worth of defective devices for the company I was working with.

I’ve also made it through the crazy exam period in my doctoral studies. So I am a dissertation away from being a Doctor of Philosophy.

That is why my online empire has received ZERO attention for the last few months. What has happened to it?

Unfortunately, just about everything I’ve been doing online has fallen into the black hole of the internet. It’s an important lesson.

There are idiots out there who will tell you that you can simply set-up sites and dissappear and those site will continue to generate revenue. BULLSHIT!

You have to continually work to make money online.

I have several Adsense sites that are static and do not change. They just draw traffic from the search engines and make revenue via Google Adsense. Some are still making money, but about 1/10th of what they brought in when I was paying attention.

Why?

You have to monitor what is working and what isn’t. And on the internet, those things change daily.

Of course, I ended my Ebay company. I was bringing in over $10,000 a month in sales. I was moving about 200 musical instruments a month. And I was also having to deal with about 10 different issues a day. On Ebay, if you sell a few things part-time, then it’s no big deal. But if you want to make a full-time living on Ebay, then you have to WORK FULL TIME.

I know that’s not what you read in those stupid ebooks, but it is the truth. I couldn’t manage my business myself anymore. It got too big. That’s no big problem, though. I had planned on shutting it down anyway. (Why do you think I was selling my secrets in the Powerseller Course )

And then one of my other online ventures hit a major snag. This one earned about $500-$800 a month. No big money, but no big time. But one repeat cutomer ended me by filling over 60 complaints with Paypal at the same time. And all of the items were sent to third parties (as they were supposed to), not my customer. So the bastard won every one of them. I lost the sales price and the items. So I lost double. And my Paypal account for that venture was limited.

And then this site. I used to earn about 10,000 visitors a month with a new subscriber a day. I have a pretty large list, but since I stopped writing, it has grown to almost ZERO.

So what is the moral of the story? If you want to make money, you have to earn it. You have to work for it. There is no hands-free, no worry, zero time commitment business in existence.

I knew what was going to happen when I put everything on hold for an idea. I want you to know that you can’t be idle and expect money to keep rolling in.

This entry was posted on Sunday, February 26th, 2006 at 3:57 pm and is filed under Wealth - Internet Marketing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.