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Hard work and patience equals income.
Sounds kind of trivial doesn't it? But it is true. Too many people are looking for that quick fix. If there was one, we would all be rich eh.
Hard work is great, you're right, but you have to do it the right way if you want to be successful.
Solving problems is a fantastic way to get traffic. Of course there are other ways of getting traffic to a site and many different kind of sites which do well (entertainment for example).
The main problem that new web developers have is skipping steps. eg. they spend more time marketing a website which has no content, time they could be spending writing the content the site needs. They also check stats more than they have to. I know this because for a long time I did this myself, I had no long term goals and too many times I would look for the quick fix or the quick way of making money. I sold dozens of good sites too early because I could get a good price.
Like most things in life, there is a learning curve and I definately learned from making so many mistakes when I first started.
http://zacjohnson.com/mark-cuban-keynote-at-blo...
-Mike
Making money online is a "business".
Business is an art and NOT a science and therefore you
CAN'T put in a formula.
Know what a formula is?
A formula must be mathematically justified or proven.
But your so-called formula, at best , you can call it a strategy.
See that :
Targeted Niche + High Quality Content That Solves Problems + Good Ad Placement = Online Profit!====A Strategy and not a formula.
It can't make any sense numerically.
Therefore---There is no such thing as a formula for making money.
John Chow is right.
Ask Bill Gates or Warren B. or any Wealthy guys out there they'll give
the same answer as I've explained.