50 Ways NOT to Make Money Online

JD Meier has a very useful guide on how NOT to make money online. I’ve re-constructed the list below but highly recommend going to his site to read the details of each. It’s full of insights that will help you get started or take your game to the next level.

  • Way # 1 – Lack the Skills and Psychology.
  • Way # 2 – Fail to Create a Customer.
  • Way # 3 – Don’t Start a Business.
  • Way # 4 – Dive Into a Niche without a Market.
  • Way # 5 – Don’t Have a Business Model.
  • Way # 6 – Don’t Know Your Customer’s Pains, Needs, and Desired Outcomes.
  • Way # 7 – Compete Where You Don’t Stand a Chance.
  • Way # 8 – Don’t Test Your Business Idea.
  • Way # 9 – Build It, and They Will Come.
  • Way # 10 – Chase One Get Rich Quick Scheme After Another.
  • Way # 11 – Look Like a Fly-by-Night Shop.
  • Way # 12 – Avoid Building Brand.
  • Way # 13 – Don’t Learn SEO.
  • Way # 14 – Don’t Learn Social Media.
  • Way # 15 – Don’t Learn the Ways to Monetize
  • Way # 16 – Use the Wrong Mentors, Models, and Maps to Learn From
  • Way # 17 – Follow Your Passion.
  • Way # 18 – Follow the Money.
  • Way # 19 – Do It for the Money.
  • Way # 20 – Dabble In It.
  • Way # 21 – Don’t Love What You Do
  • Way # 22 – Hope Your Hobby Pays Off.
  • Way # 23 – Fail to Build a Tribe of Raving Fans.
  • Way # 24 – Don’t Create a Customer List.
  • Way # 25 – Execute without a Strategy.
  • Way # 26 – Execute without a Plan.
  • Way # 27 – Fail to Execute.
  • Way # 28 – Don’t Get Educated.
  • Way # 29 – Ask All the Wrong Questions.
  • Way # 30 – Fail to Create Extreme Value.
  • Way # 31 – Don’t Capture the Value.
  • Way # 32 – Take More Than You Give.
  • Way # 33 – Be Boring.
  • Way # 34 – Be a Commodity.
  • Way # 35 – Don’t Pay Attention to Awareness, Usage, and Satisfaction.
  • Way # 36 – Don’t Build Trust.
  • Way # 37 – Don’t Innovate in Your Process and Product.
  • Way # 38 – Spend More Time on Tangents and Distractions.
  • Way # 39 – Don’t Spend Enough Time on Income Generating Activities.
  • Way # 40 – Get Disrupted.
  • Way # 41 – Don’t Partner.
  • Way # 42 – Don’t Grow Your Traffic.
  • Way # 43 – Monetize Your Traffic Before You Have Any.
  • Way # 44 – Work Harder.
  • Way # 45 – Fail to Scale.
  • Way # 46 – Don’t Build a Platform.
  • Way # 47 – Do the Same Thing Everybody Else Does.
  • Way # 48 – Don’t Diversify.
  • Way # 49 – Do Something You’re No Good At.
  • Way # 50 – Lose Sight of the Customer.
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