How to “make money online”

The best way to “make money online” is probably not what you think.

Spend a few minutes Googling around for ways to make money online. Go ahead; I’ll wait.

If you didn’t do that search just now, it’s probably because you’ve tried it before and already knew what you would find. Almost every site, course, and guru out there will tell you that to make money online, you should sign up for AdSense (or maybe for a large advertiser’s affiliate program), rustle up some long-tail keywords, and start gaming Google traffic.

I’m not going to tell you that doesn’t work . . . but I am going to tell you that it didn’t work for me, and that it’s unlikely to work for you if you’re even one iota like me.

Here’s why I don’t like the AdSense strategy as a business model:

1. It’s not a business model. Any time you can talk about “monetization,” you’re probably not talking about a real business because “monetizing” a business is redundant. “Monetizing” is slapping a moneymaker on top of something that doesn’t naturally produce income. The way that 99.99% of people dive into AdSense, they’re simply putting something out there and waiting for the dollars to roll in. There is no real planning, no accounting forecasts, no intention down the road to improve workflow or expand offerings or enlarge the sales funnel, no exploiting the best abilities of yourself and partners to create benefit for others.
2. It doesn’t add value. Technicalities aside, there is no real product or service in the way most AdSense “make money online” campaigns are run. There is simply arbitrage. You’re not increasing widget sales; you’re trying to make sure more of the existing sales will occur through your ads. I learned my lesson trying to play the stock market (and failing) and then investing in real estate (and failing at an epic level): Sustainable incomes come from using your talents to create value for others, not from gambling and playing the numbers.
3. It contradicts the way the Net is supposed to work. Yes, yes, I know . . . some people blog in a heartfelt manner about cabinetry and run cabinetry ads, and visitors click them to buy cabinets and the site owner makes money. But most AdSense strategies are all about gaming the system. When I was creating insurance niche sites, I couldn’t have cared less about insurance. I was simply trying to draw traffic away from the legit insurance sites so that people would click on my ads instead of finding an insurance company a different way. That’s not the way that the Web is supposed to work . . . which is to efficiently connect the searcher and what she’s searching for.
4. It’s anonymous. Few “make money online” strategies will tell you to blog under your own name, include your own picture, and make a big deal about being the guy or gal who created this site. In fact, I spent a lot of my time trying to obscure who I was. Many courses even tell you to use hosting that will generate random, non-sequential IP addresses for each site, so that even Google won’t know that one person owns them all. Anonymity conflicts directly with what I consider to be the most important reasons for my success, which are honesty, authenticity, trust-building, and transparency.