I am not making money yet!
I am sorry. I just read another post from someone that is complaining they have not made any money yet. I have spent the majority of my career as a Certified Public Accountant (CPA). Among other things, a CPA gives financial advice to businesses and some CPA's help with the taxes. So, this question frustrates me when it comes from people that have been here less than a year.
You may not want to hear this but it is true: Unless you spend thousands on advertising or you are one of the exceptional few; most likely you are not going to make a profit on any new business endeavor in the short run.
Some people win the lottery. Some people get struck by lightening. In both cases, these people are one of the exceptional few. Most people don't. The same is true in business. The rest of us have to work exceptionally hard. We have to keep going when normal people would give up.
If you need money fast; get a JOB. I can promise you, getting a JOB is the easiest way to earn money. All you have to do is show up on time, dressed appropriately and do what you are told to do with a good attitude. Play nice with your co-workers, follow the rules etc...
Yet for some reason, you have chosen to start a business. That is what WA is about.
Yes, you may have fallen for the idea that is easy to make money online. Yet, I don't feel sorry for yourself if you have not. Recently I heard that it took Amazon over 7 years to make a profit. That is a long time.
In case, you are wondering, profit is when your the money your earn from sales is higher than the expenses.
As I tried to verify that 7 year figure, I found an Inc Magazine article that talked about:
- Amazon: It took 9 years before Amazon made a profit.
- Fed Ex: 4 years.
- ESPN: The sports television network: Over 10 years before it made a profit.
- Tesla: 10 years.
Admittedly, they all found people to lend them money until the business could be profitable.....
What would like be like if each of these entrepreneurs gave up at the six month or one year mark?
How BAD do you want to be in business for yourself?
Just something to think about.....