Common Myths You’ll Hear About Making Money Online

Today, we hear a lot of things about the Internet and one of that is making money online. For one, it just seems ridiculous to hear how a person can make thousands of Singaporean dollars on the internet. But wait, is it actually true? That and many common myths are circulating today, and here are some of them.

The internet is full of scammers
This myth might have come from the idea that you should not trust everything online. Logically, it is true that you shouldn’t trust everything you see on the internet, but it also doesn’t mean that everything online is a scam. If you do want to avoid getting scammed you should only sell your services to websites or people who are reputable and have established themselves as trustworthy businesses.

Additionally, you should only proceed with your transactions if you’re completely comfortable with offers. Nonetheless, not everyone in the internet is a scammer. You will find a lot of legitimate websites where you can earn money.

There’s only one formula to make money online
You will usually hear this from people who claim to have the formula that can make you “earn S$40,000 a month”. This is all too common, but there is not at all one sole formula that can make you earn money online. You can teach online courses, trade stocks online, take paid online surveys, make money through blogs or YouTube videos. Sure, one approach can be more effective than the other, but there are so many ways to make money online!

“The internet is used by almost everyone, you can easily make money”
The first part of the sentence is true, the second? Not so much. Just because the internet opens up new ways for a person to reach out to an audience, it doesn’t mean that money will start flowing instantly. Making money on the internet still takes some hard work and some brains. “The internet is used by everyone”, so you’ll have to work and use your experience to know how you can engage with people and earn money. This basically means that you use the internet not just as a platform for business, but also as a tool.

A website/blog is all you need
You get to see all these famous Singaporean bloggers write about mouth-watering food, or travelling, and now you think a blog is all you need to earn money. This is a usually a rookie misconception, but still a wrong mindset. When you decide to start a blog, for example, you’ll have to be good at writing articles. Even then, you won’t have many readers if you’re just starting out unless you market yourself well. You’ll also have to consider SEO (search engine optimization) to know which topics or words people look for the most.

There are so many things to consider, and nothing comes instantly. So, don’t set your expectations too high and work hard!

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