In the quest to make money as an online writer, it’s all too easy to fall into what I call false economies.
This is when you do something to save money but it ends up costing you dearly, either in time or money.
Where this happens most is with learning.
If you want to grow a sustainable online business, you need to know how to do it first, and this can trip you up in two ways: buy nothing or buy cheap.
Buying nothing means exactly that.
You want to learn but you don’t buy anything you need.
Instead, you waste your time browsing the Internet for free newsletters, free courses, and free e-books.
And while all of these things will help you, they won’t teach you everything you need to know.
Because no one gives away their best information for free. People go online to make money and they can’t make money if they don’t sell something.
Of course, there are people online who make money through advertising. Their websites don’t seem to be selling anything through content, but they do make money from visitors who click on their site’s ads.
But their content isn’t worth much because they don’t have salable information.
Free stuff online is useful, but the people who write it aren’t necessarily experts in their niche.
Likewise, exclusive use of free software also has its drawbacks, as it will never be as good as the stuff you pay for.
Buying cheap is another false economy.
Just because something is priced low doesn’t mean you’re getting a bargain.
For example, I have seen many people buy a computer based on price. They start looking by price instead of specifications.
But what’s the point of buying a computer that can’t do everything you want it to do?
When it comes to computers (or anything at all), you need to find exactly what you want first AND then worry about price. If you don’t have enough money, sell things you don’t need or cut back on non-essential items until you can afford them.
And if you need to buy a course that teaches you how to do something, then buy it and don’t waste time looking for a “gift” or something cheaper.
Similarly, if there is any software that can help you save time, buy it.
I believe that my time is worth much more than money.
Not only that, but I can get a lot more work done (and make more money) when my time isn’t spent on unimportant or time-consuming tasks.
For example, when I started doing a lot of affiliate marketing, I found that it was much easier to promote a product if I owned it myself rather than save money by not buying it and hoping and praying that it would be a worthwhile investment for my customers. , on the contrary. they would never trust me or buy from me again.
When I wanted to submit marketing articles to an article directory every week, I took a course on how to write articles fast which not only helped me write faster but also showed me how to write better articles AND I went on to write my own. article writing course in 15 minutes or less. So it was definitely a win-win situation when I invested in the article writing course because I quickly multiplied my original investment by over 1000%.
And when I had too many websites to keep updating by hand, I splashed out and bought the powerful Adobe Dreamweaver software, and boy did that speed up my work online.
Now I also subcontract work that I can’t or don’t want to do because it takes too much time.
I once wasted a whole week trying to edit an MP3 audio recording. I finally had to admit defeat and subcontracted the job for $20 and had my edited file returned to me by a freelancer in less than 2 hours.
It left me wishing I had just outsourced it in the first place.
So if you really want to try out your new online business and keep making money for years to come, AND leave more time to write, don’t be a false saver.