Hi there! It’s Jeremy Looi here! You can called me Jeremy will do
To be honest, why do I start this blog? This will be my personal and all my Internet marketing journey will be documented here. If you refer to the title “Bounced Back After Failure”… you guess it right. I made a huge mistake before while making good profit online then failed miserably.
Please bear with me English is not my primary language but I think it’s good enough for you guys to read my blogs. So if you found any sentence that you couldn’t understand, please alert me in the comment below.
Why should I start this blog
Why? Actually I start working on my first passive income builder project without need to document everything on this blog. The reason is simple:
- I want to keep track all the progress from Day 1 until it start to make profit
- By referring to my goal, I always alert myself. Did I follow on track?
- Sharing is caring! Share whatever I know and let’s make profit together.
- and more to come… (will be updating from time to time)
What is the reason I failed last time?
OK this is something very personal. It took me few months before I can accept the failure and come back again. Let’s go back 5 years ago, by that time I was actually working from 9 to 5 as an employee. I was so eager to know how Interpreneur (Internet Entrepreneur) generate multiple passive income online. Some of them I knew are making 5 to 6 figure income monthly! Monthly! That’s insane… so I taught is it so easy?
Then I start to venture into few areas online to seek clarification. If you never make a single dollar online before, you would be thinking it was easy to do so… but I can tell you… actually is not tough. Just need to focus one on project at one time. That’s where the word ” FOCUS ” – Focus On one Project Until Success.
Now I tell you why do I failed last time… there are few reasons:
- Focus on ONLY ONE income stream
- Rely 100% on SEO as traffic generation
- Focus on short term profit only
Let me break down.. is there anything wrong with focus on ONLY 1 Income stream? Actually it is nothing wrong but it need to determine where is your income stream. There are few ways we can make money online, for example from Google adsense.
Making money through Google adsense is great but what if Google decided to terminate your acc without any valid reasons? Have you face this problem before? I was! I was one of the victims. Google terminates my accounts without any valid reasons. The reasons Google reason gave me is: “Adsense account disable for invalid activity”. One single excuse your account was gone into the wind! That’s it! Finish and end of story.
1st Failure Analysis – Focus on ONLY 1 income stream
This is the biggest issue that I lost almost all my passive income online due to focus just only one 1 income stream. My income is purely 99% depends on Google adsense and all of the sudden, Google decided to terminate my accounts without any good reasons. So all of hard earned profits vanished within a week!
So… never ever rely only on 1 income stream. This is a HUGE NO NO!
2rd Failure Analysis – Rely 100% on SEO for traffic generation
- Build a high quality websites for specific audience
- Add quality and useful contents that really help people,.
- Do not overdo SEO especially on link building
- Get more traffic from non-SEO like social media such as twitter, Facebook and so on.
3rd Failure Analysis – Focus on short term profit only
Always think about long term…If I gonna start a new passive income project, these are the questions I need to ask myself
- Will this market still make money in the next 5 years?
- How can I grow this market into a market leader?
- How can I make this niche websites become the top in the market as best resource ever?
- Is this an EVERYGREEN niche?
- and so on.. (will keep adding more in the future)
How Do I Overcome All This Problem and Come Back Again?
This is something I need to highlight here. It is all about planning, planning and planning. Before I decided to make a come back, I do not need to look back again but instead keep moving forward. Plan well before start the project.
I have came across few business online models that make good profit and passive income. The only thing is I just need to pick 1 to start and focus on it 100% until success. The words FOCUS comes again! In this case, I have decided to build a high quality niche websites that generates profit to me month after month.
How To Make Sure My New Passive Income Builder Works?
- Make sure this is an EVERYGREEN market to tap
- Possible to become the market leader by provide the best resource ever online
- Plan the business online ideas by flow chart
- Step by step action plan
- and so on.. (more coming soon)
In my next post, the content will focus on this new income stream builder and how am I going to target the market and earn money from it. Stay tuned! You can comment below to voice your ideas and concern. Let’s grow together mate!