I hear it all the time. “I am going to start a blog and make tons of money!” Every time I hear or read this comment, I just have to laugh.

Over the years, I have seen a lot of businesses come and go. One of the #1 reasons that I have seen most businesses fail, online or brick and mortar, is because they got into it for the dream of making huge amounts of money.

When you get into an industry solely for the money, you lack the passion to keep that business running through the tough times…specifically the first year. Unless you are in the top ½ of 1 percent of all startup businesses, you are going to spend the first year or two making almost nothing, and in most cases…you are actually going to show a loss! [Read more...]