What is your Wealthy Affiliate Mindset?
Starting online business. What mindset do you have?
90-95% of people who start an online business give up within 12 months. I have seen this quoted time and time again. Is it true? How can that be possible? Is an online business just another job?
Wealthy Affiliate says?
Wealthy Affiliate tells us that one in 8 starter members become premium and start on their online journey. When you look at this it means that 12.5% of people move forward and 87.5% don’t.
Many of these people will be people wanting to build an online business but are unsure and often think that they will find some easy way to do it. Of course, there are some who join just to see what we are about and then choose to move in a different direction.
I was reading a blog of an ambassador who said that he got 300 starter members, and 27 joined as premium. This seems to follow the same pattern.
Of the 12.5% who do move forward, we often see that some people feel the need to leave and either try their hand at doing things on their own with cheaper hosting or feel that they have learned everything that they can from the Wealthy Affiliate training.
Other ways to make money online
There are other ways to make money online without Wealthy Affiliate like selling goods through Amazon, writing books and having Shopify stores. Wealthy affiliate can’t cover everyone’s requirements.
My WA journey
I joined Wealthy Affiliate 2 years ago this month and I am still finding new information. I just keep looking. I admit that I do follow a few YouTube channels to get some added input, but as most channels are all about selling their own product, I do just look for different view points rather than a different education.
Every so often, I see a member who leaves this community, which saddens me because they are one of the 12.5 % who began their journey and will probably not become one of the 5-10% who do make it.
Many of these people leave because they don’t have the funds to safely host their websites or even continue their training elsewhere. I have personally been the victim of a highjacked website, so I do know the risk of not have a quality hosting.
Money means different things to different people. Expenditure or investment.
I was told by someone that I didn’t understand that people had bills to pay and just couldn’t afford the membership fee. As someone who lives way below the poverty line, this is certainly not the case. I simply prioritize my spending.
I rarely spend money on takeaways, I cook from scratch and probably have gone to the movies a half a dozen times in the past ten years – without drinks and popcorn. I am careful of my expenses and ensure I have the funds to continue.
I recently cancelled my husbands’ and my own life insurance and put my health insurance on hold for 6 months, but I paid my Wealthy Affiliate annual fee. This is how important my Wealthy Affiliate membership is to me. It is my investment in my future.
An ongoing adventure.
Over the past couple of months, I have been working on posts and plans for my blogs and started to work through the Super Affiliate challenge from last year. I did not apply this year because I know I won’t have good internet access all the time and could not make a weekly commitment. I was pleased to see that I was able to access the information on this year’s challenge anyway. Thanks Kyle.
I have been handwriting posts and concentrating on learning and writing. I have about 30 posts in draft format ready to update and publish. This has meant that I have not been able to spend a lot of time within the community.
I have been working on social media marketing plans to build and grow so that I can direct followers to my blogs as they improve. Many of my content ideas have come from reading blogs from within Wealthy Affiliate past and present.
I hope I will become of the 5-10% who are successful.
What about you? What are you prepared to do to make it to the top?
Next time you pay your Wealthy Affiliate membership fee, ask yourself – Do I see this an expense or an investment in my future? If it is the latter, are you taking some action everyday to increase your investment potential?
Could a change in mindset make a difference to your future?
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Recent Comments
118
Great post Rosie the Roadie!
Like you've stated, "mindset" is everything. It's how we act out our lives.
Pushing through old patterns of behaviour is what usually holds most people back. It's very hard to break habits for a lot out there.
To actually REAL lies this is key.
Again, great post!
Cordially
Dedo
It can be hard talking to folks, that kind of have preconceived ideas, watching on it can be easy to see where they are tipping over the edge, all that can be done is to point folks in the right direction, whether they chose to move in that direction can be left to the toss of the dice.
Successful outcomes can be everyone's right, one of the first things that we need to work on is our mindsets.
In fact, something to address on a daily basis, well it is for this traveler anyhow.
Thank you for sharing your insights Rosie, two years, your success will be starting to look for you.
Alex
You make some excellent points about the divergence of those who are successful from those who are not.
People who are failing are not adjusting their mindset -- in most of those cases, assuming people have the intelligence to grasp how to do this.
WA does not focus enough on the mindset issue in training, which should be one of the first set of trainings. However, if it were, there might be a severe reduction of premium subscribers, who think it's about gaining knowledge.
Were that true, the numbers of successes here at WA would be reversed -- 85 % successful, not 12 %.
cheers Marc
Hi Marc. I agree and maybe some day Kyle will consider adding mindset and motivation to the formal training. In the meantime there are many blogs within WA that members can search for and learn from. I keep looking for things and find so much within the community.
Wouldn't it be wonderful to see the statistics reversed? It would make WA even more awesome.
RoseAnn thanks for the reply!
Of late, I've reviewed all the blogs and trainings on mindset at WA. All of them together aren't enough, unfortunately. I'll be doing something about that and will submit a videos training series myself in the coming weeks. Cheers! Marc.
Thanks for this. Interesting to see the numbers as numbers cannot lie. Only 12.5% go premium and of that only between 5-10% make it. You have been with WA for 2 years. Are you making any money?
Alister
I have made many mistakes with my original blog and am working on rewriting and improving it and my new blog.
It was written as a journal rather than being helpful. I also spammed social media trying to get views. All wrong. I am following the training properly now and redoing the whole lot. A big job but underway.
With regards to WA promoting, only one person became premium for two months then needed to take a break... so not much affiliate money yet. But I am investing in my future.
I do have other offline businesses which I host through WA. My websites have led to sales within my offline businesses. The website which was hacked was for one of those businesses.
I have fingers in a lot of pies.
This is a great post, Rosie.
I strongly believe that a positive mindset is essential to success. However, this only applies when we have established our main goal. When we've set our target and tell ourselves we will reach our goal, then success starts to come in.
It's amazing what our mind can do when using it correctly. Keeping confusion out of the equation will bring results and satisfaction.
I set many goals and I agree with you. Actually doing small steps each day to achieve them makes it seem like no big deal. I do believe that we need to set realistic time frames for our goals as well.
What a fascinating post. Like you I do not get everything from WA, however since I started the challenge, have discovered an awful lot that I was unaware of. Been yo busy flitting from one idea to the next. hope that now I am learning to concentrate more on the job in hand, After all have been here a year and it really is time that I knuckled down to the job in hand.
Stuart
There are certainly many hidden training and information caves within this website. I am continuously finding gems. I have started to bookmark everything.
I think wa should open more exposure to the referral needs as there is time effort n money involved which still has a value according to there needs from person to person according to my experience I still cannot find proper reply to my queries as I have another source of income so I can wait to grow but the same case study wil be diferent to others
Hi. What enquiries are you having problems with? Have you searched using the search bar. Type in one or two word variations for topics and you will often find many older blogs, training and live events on a lot of subjects not covered in Kyle's formal training.
You are absolutely right. Money is 90% mind-set.. but there is something a little technical about it. Most people equate money with CURRENCY which will always be scarce.. the other thing is that we all have only 24 hours and what we do with it is what will make a difference. If we focus on our niche and what we can do with it, sooner or later the results will manifest and then multiply. One crucial difference is the sense of community that will keep egging you on to achieve those results and celebrate along with you.
In the next couple of years I would like 10,000 people to read my books and from there I want to launch a social learning network. WA is definitely an investment in that future.
Thanks for posting this..!!!
:-))))
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Very well said. I've had my fair share of struggles but WA has been a priority for me the past 5 years. Things are much better now but in the beginning WA turned out to be a healthy choice because I had to quit smoking and stop eating takeout for lunch every day so I could afford my membership.
I am pleased to say that even now that I am making money I still remain smoke free and takeout days are very few.
Congratulations. I know the challenge having given up after being a 60 a day smoke stack for almost 20 years!!! They were a lot cheaper then... Been smoke free for about 20 years now pleased to say.
Glad it is working out for you.