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Small Internet Business

3 Reasons This Internet Business Is Doomed

We’re totally screwed. I’m slowly realizing that I need to write about internet business stuff and that’s a very bad thing. Why is that so bad you say?

  1. One of the worst niches for making money with an internet business is, ironically, the making money with an internet business niche. It’s even worse when you try to make money from blogging about it. I normally avoid internet marketing with our other sites like the plague. Sure the potential is there but it’s a tough, tough market. Some small internet business owners spend all day, every day doing this and still fail.

    There are so many scams and jaded people that it’s darn near impossible to sell anyone in this niche anything. It’s also the cheapest, most internet savvy, advertising aware group on the planet. Forget that. I prefer markets where people don’t even know what a blog is, haven’t heard of RSS, and don’t realize the top results when they search for something are ads.

  2. I actually hate writing. So why am I writing this? I can’t stop. I like talking shop but I seriously can’t stop. I’m not even posting 5% of what I’ve written. I have a drafts folder of articles for our other sites, internet business ideas that pop into my head while in the shower, whatever. It has over 200 blog posts about this niche. Some of them are completed, some of them are just an outline, and some of them are just a blurb.

    The reason they’re in that folder instead of on this site is the 80/20 principle. Our other sites make much more money than this one while requiring much less work. Yet here I am type, type, typing away.

  3. I’m almost, not quite but almost, writing articles for this website just for fun. That’s scary. I’d say 90% of what I write or think about comes from working on our other websites. Which I’m not doing because I’m writing. So it’s a catch-22. I’m also reading a handful of blogs, listening to podcasts, and mostly lurking in a couple of forums. In other words, I’m not getting anything done on the money sites because I’m reading about this niche too. I actually have to force myself to work on the things at the top of the list before jotting down ideas and observations for things at the bottom of the list. Most of the time I don’t even notice I’m doing it.

So I’m thinking about doing an experiment. Even though the next couple of months have a bunch of things we need to finish, I’m tossing around the idea of just taking a week or a month or a quarter to brain dump everything onto this website. I’m not going to worry about making the articles perfect. I’m not going to think about how slow a writer I am. I’ll try to make each article useful but I’m not going to think too much about how maybe no one cares about something except me. That’s how I got 200 drafts in the first place. When a blob of goo with a little punctuation reaches at least 150-200 words, it somewhat makes sense to me, and I get to draft number 1.5 then it gets published. Well, okay, maybe I do some keyword research for the title first. Anyway, I figure I can go back and clean it up later if needed. Maybe that will get it out of my system.

Or maybe I’m passionate about this stupid niche? In that case, I’ll eventually need to figure out how not to be like the 99% of other internet business blogs that make peanuts. The last thing I want is to work 50 to 60 hours on a website and make diddly squat from it. Not that I’ve worked on building or marketing or monetizing this website much to this point. The ROI per hour just hasn’t been worth it. I’ll actually care a little if I start spending real time on it though.

Even if it turns out I absolutely love writing for this website, right now doing it full-time just isn’t an option. Not even close. Some weeks this year I’ve been lucky to have 5 to 6 hours total for our internet business because of the demands of my day job. Like I said, we’re screwed. But prepare to be wowed by all of the stuff seeping out of my head.

Are any of you cursed with liking the internet business niche like me? Are you ignoring it or embracing it?

Wondering how I got addicted to this niche.

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2 comments for “3 Reasons This Internet Business Is Doomed”

  1. LOL I hear you! I started my blog really as a way to keep myself on track and accountable. I also liked sharing stuff I learned but didn’t really fit on hubpages (my main site at the time).

    A really, really strange thing has happened though – I actually make money from my blog! It was an accident – people started emailing me and asking for my affiliate link for a product they were going to buy anyway.

    In the end I thought why not, I will only share the products I use, point what they will do and not do for people and make sure people can get their money back if they want (or have a minimal investment free trial period).

    From the start I was open about earning very little – people seemed to relate to that – it was more believable than the usual “fake it to you make it crowd” – maybe cause it was true LOL

    I’ll never make a huge amount of money from my blog because I will never pimp stuff for the sake of it and I don’t and probably never will have a list for the same purpose – but it certain makes my writing there worthwhile.

    And my grammar and spelling is far from perfect – but people like my style so I havent gone for perfection !

    Posted by Lis | August 2, 2009, 7:31 pm
  2. @Lis

    Thanks for sharing your story! It’s amazing how often “accidents” like that happen. I hope you have many more of them!

    What you’re doing is the best way to sell in my opinion. Selling isn’t about screwing people over or lying to them. Being honest makes it much easier to sleep at night too.

    I don’t follow why you won’t build a list though. Everything you’ve said and I know about you screams “I’m good at building relationships and people trust me.” Isn’t an opt-in list a more effective way to connect with those people and grow those relationships?

    Some internet marketers spam their list with useless garbage but that doesn’t mean you have to mimic them 😉

    Posted by 47 | August 3, 2009, 1:24 am

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