Can’t stop my bad habits
I call myself an entrepreneur. If people can sell toiletpaper and be called an entrepreneur, why can’t I sell websites and call myself the same thing? Selling is the key word. If you sell, and you sell regularly, you’re an entrepreneur.
Being an entrepreneur has it’s ups and it’s downs. The good thing is, you work for yourself and it’s easy to take the day off because you have no one to answer to except for yourself (and well, your customers, but 10 minutes online will do the trick and then you can take the day off!). The bad thing is, you have to spend money to earn money. And I’m not good when it comes to money. I earn a lot sure, but for the past few months now, I’ve been spending just as much money as I’ve been earning, which makes me feel like all my work has gone to waste.
I like investing, what can I say. But I go a little overboard. Like, did I really have to buy that abandoned website because the logo was so nice? Or did I really need to buy that template I never even tried out? In the back of my mind, I’m always worried about that dreaded end of month profit and loss calculation. Because I know what it’s going to say.
Loss = Profit
This month I’ve been really careful not to spend money. I had to refund someone for a payment they made, but other than that I’ve done pretty good. The thing is, I’ll still be at a loss at the end of this month. To actually make a profit, I have to stop my spending habits for 3 more months.
That, for me, is impossible.
You get what you pay for
Not all my purchases are good ones. Recently, I bought a traffic exchange site. I wanted to tip the seller because I felt like I was paying him too low. Only now do I realize how much of a traffic-debt the website is in right now! Quite simply, the website has given out more traffic credits than it can deliver and it’s going to cost me hundreds of dollars to be able to give everyone their well earned traffic and to repair the script!
This problem is more common when it comes to PTC (Paid To Click) type of sites. They sell the website to you for say $200, but then you find that you must pay the members $1000 - and realize what a bad purchase that was! I’d advise you to stay away from these types of sites at all costs!
They’re not all good people
Some people you deal with maybe so shady that they sell you copied content, scripts that don’t work, or websites with photoshopped revenue and traffic screenshots. I have a story to tell. A fellow blogger once asked my opinion on whether this person selling a website was a scammer. He sent me a screenshot of the revenue - and guess what - the image was so obviously photoshopped and to top it off - I could see the photoshop tab on his screenshot! I got a good laugh out of it.
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lol, You spend too much. A good way to put yourself in check is only play with the money you make online.
A lot of us little to no budget entrepreneurs have to make money online to fund the next project we do. I often find myself making money online to fund my next project and make my blog better. Each month I get better and better at this.
Good luck on your earnings.