A question we do hear a LOT on various forums and by email is the one many a webmaster or entrepreneur deliberates over. Is it too late to start? the answer to that question could be as simple as No, it is not to late, however that doesn’t really answer the main concerns and reasons for the question and I have managed to get a few other opinions on this for you today.
Many people feel that all the good ideas are taken or that they are earning just a fraction of what is needed to make a full time income online and it is natural to look inwards at times and question your own commitment and ability to come out the other side of a long road, and it is a long road. Granted there are large success stories that have surged in a short period of time but aside from them, the majority of webmasters should be prepared for a 12-24 month investment before seeing good financial rewards from their website or blog.
Al covered the point yesterday that monetising, worrying about Adsense CTR/blending is something for when your site or blog is successful and I have to agree. Worry about monetization when you have something to monetise, till then its all about investing time and effort for free. Few people want to link to a well monetised site anyway, so do your link building early on when you don’t have adverts.
For as much as Google have helped make the internet accessible and webmasters earn they have also stunted natural growth in my opinion, 3 years ago it was normal for webmasters to swap reciprocal links, link to others sites of interest and a common belief among webmasters was that linking was all about sharing traffic and that was a very positive thing to do, therefore in the early stages of development a webmaster of a good site could send out 20 emails and get 3 or 4 links. Changed days and unfortunately today emails starting with the a compliment and quickly leading to an offer to swap link or 3 way links are binned. Sending out 200 emails may get a link or two or it may not so I’d say to get your site linked is not so easy today however social networking has added new options. Furthermore Adsense means that webmasters would rather visitors left their site through an ad than a link to another website of interest so there are a whole different set of obstacles to overcome today.
It is not impossible, it is just different today as the internet evolves we now have many more ways to generate links and traffic but at times it takes thinking outside of the box, having an angle or a hook and a good reason for people to notice you. So working on the assumption you have an idea or your in the early stages of building your site or promoting it, can you still turn it into a full time income?
I have to say, chances are you are going to need one big website, with one large and successful website you can build off it feeding traffic and trying out different ideas in that niche, it is no coincidence that most successful people that you know of have one large successful website and that website probably took at least 12 months working everyday on it before it offered signs of being a full time income so you need to be prepared for that kind of investment in my opinion.
I also took this same question and put it to a few people that have either done it themselves or work very actively in promoting websites starting with our very own Al Carlton.
Is it too late to start building a full time income online?
I get asked this soooo many times and no it’s never too late provided you’re willing to put the time and effort in and come up with an idea not necessarily unique but sufficiently different. I totally agree with the time-scales of 12-24 months before a site can become decently profitable and if you’re not prepared to work for a year on a site with no serious return of revenue then building a big site probably isn’t for you.
Al – Coolest Gadgets
No! In my opinion if you have the mental and physical capacity, then now is as good as ever. A prime example of this was a boy who was ‘getting on’ but wanted to spend more time with his kids. His skills were in woodworking where he was a keen hobbyist. I thought about something I wanted and that I know there is a market for, and it was bespoke dolls houses, that is dolls houses built individually from photographs people supplied. Imagine Grandmother watching her granddaughter playing in a replica of the house she herself grew up in. This is a solid business idea, would take minimum investment, and would allow the guy to work from home as he wanted.
Is it ever too late to start a business? Well if it were 10pm, then I would advise having a good nights sleep before starting one 😉
OWG – Internet Marketing
In my opinion, it is most certainly not too late to start making your full time income online. I would, however, say that if you intend to start with no previous experience, you should do it along-side a full-time office based job until you have built up a deeper understanding of the web and how to earn money. Quitting your job with no experience of earning money on the web is a foolish thing to do. Better is to start a website, figuring things out, and grow it to the point where it can sustain your lifestyle before quitting your day job.
Kieran – Funny Videos
“Yes & No, based on what niche you enter in terms of your online business, either the money in that sector has fully dried out because every dollar coming into that sector already has a pocket waiting for it Or you yourself have pioneered a whole new niche and thus their is a whole pile of money to be made. Like Youtube or Myspace, these are recent niche phenomena’s. Self made markets. This is your best bet, find a niche on the internet and go for it….or just create one…
CEO Free Online Games
There are literally millions of opportunities to engage the web and earn an exceptional income. I work with companies new to the web and those who haven’t been taking advantage of all that it has to offer for years and now is possibly one of the most exciting times for single-person or very small startups. The costs of entry are exceptionally low – take the time to learn basic knowledge about writing compelling content, online marketing, SEO and web development and you can launch a site that will earn you income in a matter of months. The key is to find something you’re passionate about, something that you can comfortably spend 80 hours a week diving into without getting burned out or turned off. From there, it’s about finding a good way to monetize (I’m personally a big fan of the freemium model) – AdSense is not an answer for the long run – and building an equally passionate community around your site.
Rand Fishkin – SEOmoz
So there you have it, sorry it’s a bit long today but always nice to get a few opinions on the subject, not everyone is here to make a full time income granted and I do hope our blog can still be of great interest to hobby webmasters and entrepreneurs alike, have a good weekend!