According to Wikipedia passive income is an income received on a regular basis, with little effort required to maintain it. In other words, you are getting passive income. You don’t need to work almost at all to get money. In this post, we are going to have a look at 5 benefits of passive income. I will also reveal to you how I earn money online on “autopilot”.
Before we dive into the article I want to give you an opportunity to take a look at my video where I explain the benefits of passive income and how you can earn it as well. I believe you will find this helpful and valuable. Enjoy!
Why is passive income important? Here are the 5 reasons.
1.You can provide value for more people
2.It forces you to learn
3.You have more time available for other things
4.Live anywhere you want
5.No income limits
Would you like to learn to earn passive income online? I earn money while I sleep, go for a walk, chat with my friends or lay on the beach.
Numerous people who have gone through that training are nowadays earning a full-time income online and having a freedom to live wherever they want and work whenever they want. Some people went even from $0 to $10,000/month without prior knowledge. NOTE: Of course it required work and persistence but over the time course it pays off.
Anyway, let’s discuss now more in detail about the benefits of passive income
If you want to earn money you need to offer value for someone. If you are an employee you are providing value for your boss and his customers. Then the customers pay your boss and the boss pays you and takes a little for himself.
Usually, if you want to earn the passive income you need to sell something. Rent a property, sell books, sell movies, sell music, sell other products or services which don’t require your own time anymore or sell investments when the value has gone up.
We all have 24 hours/day. If you want to counsel 100 different clients every day it’s almost impossible. But if you write a book or create a website you can counsel 100 000 people every day if they read your book or visit your website.
Or you can make a great song that serves 1 000 000 persons all around the world. Once you have made the album people can buy it and you get passive income.
Let’s face the fact: earning active income, in general, is dead easy. You send a job application, go to a job interview and get applied. Then you start doing what your boss tells you to do and he pays you. You are just required to do what your boss says but nothing more. (Okay this is a bit simplified but you understand the point.)
But if you want to earn a passive income you usually have to learn some skill before you can earn it. There are many different ways to earn passive income but probably one of the most common ways is to have your own business.
When you have your own business you need to be interested in your own subject and provide value for other people. Then you need to learn marketing and selling. Of course, you can outsource many things but most of the time having business forces you to face and learn many things that you haven’t ever faced before.
Let’s say that you are working 40 hours a week and sleep 8 hours a day which makes 56 hours a day. There are 168 hours in the week so you are awake 112 hours a week. That means that you are working over 35% of the time you are awake.
If the travel to your work takes 30 minutes back and forth, then your work requires over 40% of your time. THINK HOW MUCH THAT IS! Add the time you think and talk about your work with your friends. It means that work takes the half of your whole time (and life).
Do you want to learn new skills that you are not practicing at your workplace? Do you want to study some interesting subjects but you don’t have time because of your work? Or are you bored with your actual work? If you answered yes, then passive income could be a good choice for you.
Do you want to travel, dive into new cultures and live anywhere you want? When the income you made doesn’t require your presence you can choose where on this planet you want to spend your time.
Online businesses are a great example. When you have a laptop and internet connection you can connect if it’s required.
I just want to mention that there is no 100% passive income. If you buy and hold stocks then it’s probably 99,5% passive income. and if you are renting houses you still need to find a tenant and see that he has paid the rent.
But compare for example if you are driving taxi and earning commission of your shifts then it’s 0% passive income.
There are 24 hours a day. If you earn $50/hour (which is a lot over average) that makes $400 in 8 hours. If you work 14 hours that makes 700$. But there’s actually a limit. Your income limit is $700/day (given that you can work 14 hours a day).
But when you are earning a passive income you can earn $10 000/day because work doesn’t require your presence. Warren Buffett earned $37 million per day! in 2013. Let’s compare $700 and 37 000 000$. Is there a little difference? Which one would you prefer?
If you are working only for active income there always will be some limits. If you earn $20/hour the limit is 280$/day.
Instead of going to study 5 years university degree (and get a student loan) could one possibly be to build a business and start earning passive income?
Earning passive income is highly beneficial and recommendable. By earning the passive income you can provide value for millions, learn a lot of new things, have more time do the things you want and live anywhere you want.
Remember that earning passive income doesn’t mean getting rich overnight. It usually requires a lot of hard work and studying before you start earning it.
If you are interested in earning passive income through online business I recommend to start in Wealthy Affiliate
What do you think about passive income? What are the greatest benefits in your opinion?
I would love to hear from you in the comments below.
Most of the ”make money online” -programs are not free. You need to invest a little bit in order to buy a program. Then many people ask, “Can I make money online without spending any money.”
The short answer to this question is, yes definitely. I made thousands of euros online in a short period of time without investing a single penny. And I know other people who have made it too.
But nowadays I have realized that it’s not always wise to try to make money online “for free”. Sometimes with a little investment, you can speed up the process a lot. Let’s say that you put $100 and get back $1,000. Isn’t that a good investment?
Today I am going to give you a few ways you could make money online without spending any money but I will also explain why it’s probably not the wisest and the fastest way.
One multimillionaire said, “In order to make money, you need to spend money.”
Let’s start with the classical and the easiest way of making some money online for free.
This is probably the easiest way to make some dollars online without any investments. Anybody can do this and earn easily some money.
The idea of these sites is that you answer surveys and do little tasks and then the company pays you a little reward. Those little tasks are for example:
We have reviewed tens of different “Get-Paid-To” -sites on YourOnlineRevenue.com but we have come to a conclusion we don’t fully recommend any of them because the earning potential is so much lower than in a real online business. But if you really want to try “Get-Paid-To” -Sites, then take look to PrizeRebel. It is the best that we have found.
One very common way to make a living online is by playing online poker. I have a few friends that have played professionally and earned a full-time income with poker. Many years ago, I made also very good money online poker this but then I stopped playing. Why?
Because I didn’t like the idea that somebody is losing money when I’m winning. I didn’t like the values of the poker world: Money, money, money. It can be hard for you to understand but I am a Christian and I want to help people rather than taking their money.
If you think about typical casinos, what comes to your mind? Drinking, gambling and other sinful things. I didn’t like that idea so I stopped playing even though I was making a good income. I threw all my poker books into a trash can and decided that I will focus my energy on helping other people rather than taking their money on the poker table.
Afterward, I realized it was a very good choice. I really want to maintain a clean conscience before God. If I would play poker professionally, I wouldn’t have a clean conscience.
You can create a website in 30 seconds without former experience with WordPress. You don’t need any programming skills. You can just choose what kind of site you want, then make click a few times and your site is ready. Did you know that more than 25% of all websites on the Internet are made by WordPress?
Just write a name of your website below and get started!
When you have a website you can make money by several ways. Here are some examples:
If you want to have your own products, then you probably need to spend some money. If you are doing affiliate marketing, you don’t need to care about shipping, difficult customers etc. Simply said, you are just promoting other people’s products and earning commissions.
This can be a surprisingly profitable way and some successful affiliate marketers are making even millions of dollars every year!
However, if you start your website with $0, then your website’s name will look like xxxxxx.Siterubix.com or xxxxxxx.Wordpress.com. In my opinion, that’s not very professional. What if my website would be YourOnlineRevenue.wordpress.com? It wouldn’t look very convincing, huh?
That’s why I would recommend investing some money on buying your own domain and getting a domain hosting. Then your website will look like xxxxxxxxx.com. Like my website is for example YourOnlineRevenue.com. But of course, you can start with a free site like MyWebsite.Siterubix.com and later on change it to your own domain: “MyWebsite.com”
You can do lots of things online as a freelancer. You can be for example:
You can actually do a living with these freelancing jobs. Especially if you are living in a cheap country and earning dollars online. Probably one the most famous places to find freelancing jobs online is Fiverr.
I have hired people from Fiverr and so far the price/quality -ratio has been very good. What are your special skills? Maybe you could also sell your skills on Fiverr? If you don’t have any special skills yet to make money online, there is a step-by-step training for you.
If you have lots of followers on social media you can make lots of money by promoting some products. Sometimes companies pay if you have a certain amount of followers just for mentioning the product in your posts. But then you would really need a big audience because otherwise, they will not pay you much.
Then you can also join groups on Facebook and other social medias and promote products. The danger of lots of promotion is that people may easily see you as a “spammer” who just wants to sell his products. So, please, avoid spamming!
With MassPlanner tool you can easily get thousands of followers in a few days in different social medias. You can get started with MassPlanner for free and the price for a premium version is also very affordable. Even many full-time Internet marketers use MassPlanner so it’s definitely worth trying.
I have made money online with several ways but there is something that I mostly recommend. But first I want to mention that this is not a “get-rich-quick” -scheme or something like that.
It’s a real training where you will learn real skills how to build your own online business. Most people who start the training don’t have any background or former experience. Some of them try it for a while and maybe earn some money. Some become a full-time online entrepreneur.
I have written a full review about Wealthy Affiliate so you can know more what is it all about. They teach you many different and honest techniques how to make money online. One process goes like this:
1.Choose your passion (for example pianos)
2.Build a website (for example about playing piano)
3.Get traffic (from Google and social medias)
4.Earn income from visitors.
If you become a member of Wealthy Affiliate, I will also promise my 1-on-1 -mentoring. You can ask me anything you want and I will share my best trick and tips. Start training today and get 10 interactive video lessons for free!
Yes, you can but it’s not always wise. I pointed out before a few ways how you can quickly speed up your process by making little investments. If you use $50 for a dinner for two people in a restaurant, why wouldn’t you invest $19 euros to an online business that can make you a living in the future?
What are your favorite ways to make money online? Have you invested money in your online business?
I started my online business when I was still studying in a college. That’s why I am going to share you 10 Reasons to Start an Online Business as a College Student.
If you have already graduated from college, don’t worry, probably many of these reasons will apply to you as well! Read until the end because reasons 9 and 10 are my favorites. Which reasons do you like the most?
If you are a college student, you don’t need to go to work 9 to 5. If you would be working from Monday to Friday for 8 hours it makes 40 hours a week. As far as I have seen, in most of the degrees, the work that you need to make in order to pass the course is closer to 20 hours/week than 40 hours/week. So you will have double the time compared to if you would be in a full-time job.
In addition, most college students don’t have kids or spouse. The family is a great thing and if you want to have one is definitely one of the best goals that you can have. However, if you don’t want to commit yourself when you are in a college, you will have much more time on other things like for example for building an online business.
Building any business requires TIME and EFFORT. Nothing happens without working your butt off. But especially in the online world, the success requires time most of the time. When you start a new website, Google doesn’t rank you very high. It takes from 3 months to a year to build authority in Google’s eyes. So it’s better to start your site early if you want to gain good rankings in the future.
Building an online business also requires learning. You need to learn certain skills to succeed. It’s often said that young people learn quickly. I believe that you can learn at any age but as a college student, you are surely in an age when you can easily learn new skills like earning money online.
Have you ever heard people saying, “I don’t like my job but at least I have something.” They are not satisfied. At the same time, they are too stuck in their job that they don’t have time and energy to search a new one. If you make a living online, your possibilities are limitless and you can choose to do almost whatever you want.
And when you are earning big sums of passive money monthly, you will have the financial freedom to decide if you want to go to a normal 9-5 job or not. If you have succeeded already before the graduation, you can have a year off after graduation and go to travel the world while making money online.
Many people are working at the same time when they are studying in a college or in a university. So did I at first. But why not to use that extra time for building an online business that you will have also after your studying times?
You can build an online business starting from $0 but it can become a “money making machine” that makes you thousands of euros per month. Imagine, how cool it would be to finance your studies with your own online business!
The founder of “Francais Authentique” Johan Tekfak who is teaching French online said that when he was young he didn’t have money but he had lots of time. But now when he is older he does have money but no time. At least that was the situation when he hadn’t quit his 9-5 job.
Then he totally broke through with his online business “Francais Authentique” and he quit a good paying job in a company. Nowadays he uploads 3 videos/week to his Youtube channel 118,292 subscribers and in his FB-channel there are 270,972 likes (3.10.2016). I believe that now he has lots of money and time as well.
The same reason is behind Pat Flynn’s online business. He earns $150,000/month online and now he has the possibility to spend time with his family as much he wants. Compare Pat and Johan to people who are working 12 hours in a day without a possibility to spend time with their families. Who do you want to become?
I have already before compared online business against offline business. We know that in online business, you need much smaller investments than in 99% of offline businesses. In most of the online businesses, you need thousands or even tens of thousands to get started. That can make the risk higher.
Your income will also be limited in an offline world. If you would, for example, create a taxi company, you can’t serve 1,000 customers in one day. In the online world, you can serve even 1,000,000 million customers in one day if they are watching/reading your content.
It takes $0 to start an online business but you can make +$10,000/month for example in a couple of years like these 5 guys.
In most of the colleges, the school provides computer classes where you can freely use their computers and internet connections. At least in our college the computers and computers were very fast. That’s why I sat many hours in our school’s computer class building my online business. I wonder what other students and teachers had been thinking because I was already accomplished my school tasks but still I was in the computer class every day! 😉
You don’t need to buy a fast computer yet because you can use the one at school. When you have graduated, you can buy a new one but then the prices have already gone down.
If you would be an employer and good candidates would come to an interview. The other one doesn’t have any professional experience but the other one has his own online business. Which one would you choose? The answer is obvious.
Building your own business shows that you are active. It also builds your character and makes you proactive instead of reactive. You don’t only react to situations around you but you make the things happen when you are proactive.
This is one of my of favorite reasons! You can work on a plane, on a beach, in a classroom, at your home wearing your underwear or sometimes even at work if you are on a night shift and you have nothing special to do there.
You can work online in Hawaii, Finland, South Africa, Spain, Indonesia, Hong Kong or literally anywhere you want. The only thing you need is a device where you can connect and an internet connection. That’s why the Internet can give us equal opportunities despite the country where we have born.
Are you a night person? Or do you like waking up early?
If you have an online business you can decide your work hours. I like waking up early and once I had a habit of waking up every morning at 5-6 AM and then immediately started working online. But you can also stay awake late and build your business even until 2 AM if you want.
Or if you have a boring lesson in a college you can probably open your laptop and start doing important things. Most teachers will probably just think that that’s very motivated student because he has a laptop with him so that he can make notes ;).
When I started building my online business, I saw even some younger people who hadn’t even started a college and they were already making big bucks online. I thought that I should have started earlier like them. But then I figured out that as a college student I am not very old you neither! I am still younger than most of the people that are starting their online businesses.
If you start today, you will gain experience every year and after your graduation, you will already have tons of knowledge about the making money online.
Don’t know how to get started?
I recommend heading to Wealthy Affiliate which is #1 online business training and community out there. You will learn everything you need to know right from the start and you will learn lots of new skills while going your training. The best part is that it’s totally free to get started!
Put your credit card away and start building your online business with low risk and high reward.
I hope that you enjoyed this article. Have you already started your online business? At what age did you start? Were you still in college and what were you studying?
If you are young and thinking what should you do when you are “big” and grown up. You are wondering, “How to Choose the Right Career for Me?”
Or maybe you are fed up with your current job and you are thinking about the same question. How could you determine which career path is just right for you?
Today, I will tell you truthfully how I made and many other people make their career choices. I believe that my examples can give you some inspiration to help your own decision.
Most of the people choose the career path based on the example of their, parents, relatives friends and from the other examples what they get from their environment.
You probably know some people who decided to choose exactly the same job as their parents. One of my friends’ father was a doctor so she always wanted to become a doctor herself. Now she is studying her third year in a medical school.
When I was a kid people asked me, “What will you be when you grow up?” I guess that many people asked you the same question when you were younger. I just answered, “Taxi driver” because my uncle was a taxi driver. My mother or father didn’t have a permanent profession for a long time so the closest example that I had was from my uncle.
Then I ended up driving a taxi on weekends during my studies. The choice became stronger also because I knew other friends who were taxi drivers.
During the last year of high school (or vocational school) you must decide what will you continue studying, at least in Finland. Will you go to the university, university of applied sciences (or college) or start working??
How on earth could someone know what they want to do rest of their life when they are 19?!?!
That’s why I wrote this text to help you to choose the right career path just for you.
After high school, I saw advertisements of universities and colleges. Universities seemed to be theoretical and boring. It seemed that you just sit there on the lessons and read some books. Then ads from colleges said that studying there is very practical, down-to-earth and there are lots of internships so you will get your first work contacts and networks easily.
I also figured out that I want to help people to have a better life instead of calculating some boring mathematical functions in my office.
So, I decided to start studying social services in College (or you can call it University of Applied Sciences). Some of my friends and my mother asked, why didn’t I go to study something more challenging as I always got some of the best grades at school. I had always been one of the best in my class.
Well, I wanted something practical and at this point, I wasn’t thinking about the salary. But later on, I realized that my mother and friends had a good point.
Now I have finished my studies and I am waiting to get my “graduation papers” at the end of this month (30.9.2016 is my official graduation day).
Sometimes one crucial question flashes in my mind, “Did I choose the right career path?”
I have been thinking that I want to do something great and big during my life. I want to influence on thousands and millions of people. I want to help people to have a better life, get to know God and live happily. If I would go to work to a local kindergarten with 20 children, how could my dream become possible? Of course, I could affect there some people but not something very big that I am dreaming.
I figured out that I would also need some money in order to develop something big.
For example, if I would want to help homeless people to get their life on track again, it would require money and effort. I couldn’t do it alone. I could start an organization for helping people in need but it always requires some money. Money to rent/buys the building, food, furniture, employees and so on.
Let’s say that you work as a bachelor of social services and a typical salary is 2,500€/month (before taxes). It makes 30,000€/year. As a doctor, you will easily make 5,000€/month after graduation. It makes double as more as a bachelor of social services. Of course, after reducing taxes the difference is not so big but it’s still remarkable.
After taxes 2,500€/month in Finland makes 22,000€ and 5,000€/month make 37,500€. The difference is 15,500€. In 10 years the difference is 155,000€ and in reality, it’s much bigger because doctor’s salary will rise faster than a social counselor’s salary.
I didn’t take these things into account when I was thinking about my career path. But I should have.
I am not saying that money is the only thing that matters in a job but we cannot deny that it’s still a big factor. If you earn double income, you could work for example one year, and during the other year do whatever you want. For example, help the people in need or go to travel around the world.
The cold truth is that many things in life require some money. But if you would be doing a job that you don’t enjoy then you probably won’t endure long.
I love learning and discovering new things. So, I have figured out that an optimal job for me is where I can learn something new, have challenges and get paid for that. What are your passions? When do you feel the excitement in your body?
Even though I probably don’t become a doctor I am very glad that I found an opportunity influence people’s life through the Internet. And in addition, I could do it anywhere in the world.
There are more than 3,3 billion people online and I have an opportunity to reach them. AND YOU HAVE THE SAME OPPORTUNITY TOO!
Before, I didn’t know how to build a website or almost anything about reaching people online.
Then I found Wealthy Affiliate that taught me for example
I realized that building an online business would be a wonderful way to
1.Do what I like
2.Earn big income
3.Live anywhere I want
4.Help millions of people
If as a bachelor of social services I would be able to earn 2,300€-3,000€/month while working in Finland, doing online business I would be able to earn 10,000€/month or much more while living literally anywhere in the world.
The answer is: Probably not.
I read about a guy who was earning good money online. He started his online business while working in a regular job and then after work a few hours for his online business. He was earning +$3,000-5,000/month online.
Then he quit his job to focus more on his online business and something strange happened. Before, he had been usually max.3 hours/day time for his online business. Now when he had 14 hours/day. But he said that most of the time he achieved to do less in a day than before!
Despite having 14 hours, instead of 3, it didn’t guarantee better results. He always thought, “Well, I have so much time so I can do it later.”
I think that’s what would happen to many people. Even though they would have hours and hours of time they wouldn’t get the things done because they would
1.Sleep late
2.Check Facebook
3.Check a few Youtube videos
4.Eat
5.Exercise because it’s also important
6.Call friends and chat how easy life is
7.Have some fresh air because being inside it’s not fun.
And eventually at 7pm they would realize that the day is almost gone and they decide to work on their online business tomorrow. The Same cycle repeats tomorrow.
When you are starting an online business, you just need to be smart an efficient. 2 hours a day is more than enough if you focus on important tasks. -Edy (3 Steps to Make Money FAST? by Singaporean guy)
First, just concentrate on progressing consistently. Even 30 minutes a day is progress. Watch a short video and put the principles into action.
If you don’t have 30 minutes a day, then try to concentrate more on weekends when you probably have a bit more time.
First of all, think long-term. What do you really want out of your life? What do you want to be remembered for when you die?
“Dig down, dig deep down. Who do you want to be? Not what, but WHO?” -Arnold Schwarzenegger
The truth is that when you will be working 40 hours a week, that’s a huge amount of time! Would you like to spend your time and your life doing something that you don’t want?
I always recommend to pray and seek God’s guidance in your life.
5 “Trust in the Lord with all your heart
and lean not on your own understanding;
6 in all your ways submit to him,
and he will make your paths straight.” Proverbs 3:5-6.
Ask many people for advice too. Not just your mother and father but tens of different people. You don’t need to know all of them personally because you can scroll different opportunities online.
Check for example a list of professions. Read some description of the most interesting ones. Then search more information from Google.
Even though you would have read many descriptions and heard experiences about a certain profession, you still may don’t know if it fits for you or not. The best way to find out if you’ll like it or not is to try.
I have worked for example
My thoughts about different works have changed after my own experiences. You may have illusions of different jobs.
However, note that at some point you just need to commit and stick with one profession. Probably you will have ups and downs but commitment and consistent effort make you better.
You may not have an opportunity to try everything yourself before committing to it. But at least visit different places, ask from other professionals and really get all the information that you can get to make a good decision.
Based on my experience and observations, most people make their career choice without thinking too much. Brian Tracy has said that the best-paid profession in U.S.
Einstein stated, “Thinking is hard work; that’s why so few do it.” I encourage you to dedicate lots of time thinking about your career choice. It is one of the most important things that you will be doing during your whole life.
I have decided that I want to build my own online business although I am working on a normal job as well.
I am in a process of building my online business and one of my dreams is to commit at some point 100% doing an online business. But I love working in general. I am not like people who hate the 9-5 job. But still having an own online business has so many like listed before:
1.Do what you like
2.Earn big income
3.Live anywhere I want
4.Help millions of people
5.Learn something new every day
6.Choose who you want to work with
7.Opportunity to be creative
If you are interested in starting your own online business (or developing a current one), I recommend you to start a free training in Wealthy Affiliate. I will give you also my 1-on-1 help on all the issues that you need. In addition, there are dozens of other successful online marketers who are already making big money online. Feel free to join.
I really hope that you enjoyed my article and it’s helpful to you. If you have any comments or questions, don’t hesitate to leave them below and I will be more than happy to give you a response.
Everyone knows the world-famous bodybuilder Arnold Schwarzenegger, “Austrian Oak, Arnie, The Governator.” There are many names that you can call him.
What has Arnie to do with internet marketing and making money online?
Keep on reading and you’ll find out!
(I don’t agree with Arnie on everything but this wisdom I agree with him.)
As you may already know, you can make $10,000, $20,000 or even $100,000/month online. That’s 100% possible for anyone but still, you must remember that you will never make those amounts of money if you are not willing to work your butt off.
I am not teaching you some “get-rich-schemes” but something more reliable.
In one of his famous speeches called 6 Rules of Success Arnold said that it’s okay to have fun in life. It’s okay to have a little party every now and then.
BUT.
The story doesn’t end there.
“But when you’re out there partying, horsing around, someone out there at the same time is working hard. Someone is getting smarter and someone is winning. Just remember that.” -Arnie
It’s easy to look someone who has an online business making him $100,000/month and think, “He was just lucky. He was in the right place at the right time.” First of all, I don’t believe in luck.
He might have been in the right place at the right time but if someone makes hundreds of thousands online it means that they have worked their butt off. There is no other way around. (Well, at least if we are speaking about honest ways.)
While you have been chatting with your friends or playing online games, internet entrepreneurs have been building their business. They have been making new content, social media marketing or a review about a new product.
Now they are “reaping the harvest“.
I am not saying that if you want a successful online business, you must totally end all parties, never have fun and spend the rest of your life in the front of the computer. That’s quite far from the truth.
But the point is that results don’t come without work.
If you want the prize, you must pay the price. (Price = work, work and work)
The positive side of all this it that if you are willing to work, you will also reap a good harvest.
As the Bible says, “Whatever a man sows, he will reap in return.”
If you sow seeds to your business, you will reap good results in return.
If you sow seeds in honesty, you will reap honest results.
If you sow seeds on your friendships, you will have good and strong friendships.
If you are willing to start an online business but don’t know where to start, you have come to the right place. Now you are in the right place at the right time.
If you don’t have any background on making online businesses, start here.
An online community called Wealthy Affiliate teaches you literally everything you need to know in order to build a successful online business.
You will learn to:
If you have any questions or comments, don’t hesitate to leave them below and I will be more than happy to respond you personally.
Have you ever heard someone asking the question, “What is the secret to making money online?” I bet that you have!
Many people are looking for a secret that would make them automatically rich online. The other side of the coin is that many scammers have used those people to milk money.
They have made their “secret programs” that teach how they earned $100,000 online by “pushing the button”. If you have followed my blog, you know that kind of buttons doesn’t exist in this world. They only way those “push the button” -guys have made their wealth is by cheating people to believe their lies. Sorry that I’m rude but I don’t want anyone to fall for the online scams.
Thank God, not all the people who are earning +$10,000/month online are scammers. Most of them are totally honest and wonderful guys.
If you want to contact many successful online businessmen personally, I recommend to create a free account in Wealthy Affiliate and sent them the private messages.
Let’s think how those honest men have built their online business.
In the beginning, most of them didn’t have anything.
They didn’t have a website when they born.
They didn’t have skills before they started.
They didn’t even know how to use the computer before starting.
My point is that all of them have started from zero at some point. Many of them had even the worse starting point than you have/had.
All of the successful online entrepreneurs must have succeeded only one step at a time even though they have taken the different ways.
Some of them made the first success through SEO.
Some through social media marketing.
Some through PPC-marketing.
And so on.
Let’s take for example the guy who made success through SEO. First, he learned how to build a website. Then he wrote something and added pictures on his website. Well, many people can do to this level but not all.
He added affiliate links on his website to make commissions on the products. But he didn’t have many visitors yet.
Then he learned how to get ranked in Google. He started to get organic traffic from the search engines when people were searching certain things related to his website.
Let’s say that 0,1% of the visitors ended up buying something through his affiliate links.
He thought that the conversion could be higher because now only one of 2000 visitors bought a product. He updated his sales pages and saw how 0,2% of the visitors bought something. The sales doubled.
He wanted to get even more visitors to his website so he updated his old content to get ranked better in Google. Then he wrote more articles to answer even more questions of his audience. The traffic kept increasing from the search engines.
Then he repeats the process until there were hundreds of thousands of monthly visitors and the conversion rate was much higher than in the beginning.
The story talked mainly about traffic from SEO but in reality, when you have the great content on your website, visitors will share it on social media which will drive even more traffic.
You can build an email list, make social media marketing on Facebook, Twitter, Youtube etc., build PPC campaigns and much more.
The bottom line is that you can learn each of those things if you just want.
But let’s be realistic that the learning takes time and in the online world you don’t see the results immediately. When you have built the new website, during the first three months it will probably not rank very well in Google.
With the PPC-campaigns you need to test, test, test and scale until something proves to work. You don’t always see the results immediately!
Let’s say that you built your online business during one month (30 min/1 hour per evening) and earned only $5 and in the next month $25. In the third month, you make $125. Then you calculate, “Hmm… I have earned only $155 during 3 months. This doesn’t pay enough. I quit.”
Didn’t you realize that you made 5 times more than in the previous month! If you would keep on scaling the business every month like that it would mean $625 in the fourth month. Then -> $3,125!
Of course, everything doesn’t always work in a linear way but the idea is that on the Internet you can scale your business to a huge extent. For example, I have about 11k followers on Twitter and it takes only 3 minutes to send 131 tweets to all of them (Using Hootsuite). If we compare it to the start when I had 100 followers and it took 3 minutes to write 1 tweet.
Did you know that only 1 of the all 43 U.S. presidents has been divorced? One of them remained single. It means that 41 out of 43 remained married until the death made them apart. The statistic tells something about their commitment.
Building a marriage takes time. You need to get to know to a person, spend lots of time together and so on. It’s a process where you get to know each other even more and know what the other person likes and dislikes.
The same principles apply to an online business. It takes the time to build the content and it takes the time to build the relationships with the audience. But every time when you put some effort, you take one step closer to your online success.
Making money online is not a sprint. It’s a marathon.
When you keep on sowing the seeds to your online business, at some point you will reap the harvest. That’s the natural law of cause and effect.
If you compare to a “normal profession” where you study first 3 years in a university before earning a single dollar, making money online is much faster way to (passive) income.
The truth is that there is no such “secret”. You need to learn the skills like in the offline business.
But the secret to making big money online is scaling. You can scale your business in much better way than you could ever imagine in the offline world.
Get 10,000 visitors/month to your online store. Think how much more investments and risk it would require to get the 10,000 visitors/month to your offline store.
So, forget the mystical secrets to making money online. Instead, think what would be the next skill that you need to learn.
Learn to build an email list?
Learn to get ranked #1 in Google?
Learn to get 100 visitors/day from social media?
Learn to make videos?
Define what is the skill that you are going to need to scale your business. Learn it and then put the knowledge powerfully into action. Rinse and repeat.
No excuses!
Many people don’t have the knowledge and they don’t know where to get it. Don’t worry.
Wealthy Affiliate provides a step by step online business training, community, and comprehensive support.
You will learn everything from building a website, monetizing your websites, driving traffic from search engines and from social media.
You will also get many friends who have their own online business and you can ask them how to learn certain skills and they will provide their help.
You want to make money online? Yes.
You don’t have own products? No.
Is it possible to make income without own products? Certainly Yes!
1.Choose Your Interest. First step is to decide what you are interested in. Do you like sports, arts, music, programming or dogs. I mean your interest can be literally anything. You don’t need to be an expert. But you certainly need to be interested in that theme.
Okay, let’s say that you are interested in music, more specifically playing guitar. Once you have chosen your interest we can move to step two which is
2.Build a Website. Building a website is actually very easy and SIMPLE. The process will take probably 30 seconds. You will have a good-looking website which is the foundation of your online business.
You don’t have to know anything about programming or stuff related.
If your interest is playing guitar, your website will be related to that theme. You will be adding information, reviews and other things to your website. I still want to point out that you don’t need to be an expert but interested in that theme. If you are expert guitar player, that’s wonderful but not necessary in online business.
3.Attract Visitors. Once you have your very own website the next step is to attract visitors to your website. You attract visitors by providing value about your theme.
MORE PEOPLE MEANS MORE OPPORTUNITIES!
If your website is about playing guitar you can for example give tips how to practice. You can write reviews of your favorite guitars or link great guitar tutorials from Youtube.
4.Earn Revenue. Once you have your website and some visitors you can start earning revenue. Most easily this works by promoting other people’s products. You “affiliate” products that are related to your website’s theme.
In internet there are millions of different products that you can affiliate.
In your guitar playing site you can affiliate different guitars, guitar equipment, guitar training courses and others. For example in Amazon you can find 1,233,667 results for “guitar”. You can literally run a guitar business by selling Amazon products only. Once someone buys a product from Amazon, you get a commission. Simple?
In our example your interest was guitar playing. But your interest can be anything in the world. I can assure you that there are affiliate programs for any theme in internet.
Internet is full of opportunities to earn money selling other people’s products. There are thousands and thousands of programs. Some of them provide you little 5% commission but some programs can provide you even 80% commission.
Let’s say for example that you promote a guitar which costs 500$ and you get 10% commission. That makes 50$ into your pocket. But if the guitar is 5 000$ with 15% commission it means 750$ into your pocket. And these numbers are totally realistic.
Just Remember those Four Simple Steps:
1.Choose Your Interest
2.Build a Website
3.Attract Visitors
4.Earn Revenue
You can start the process today. I started my journey in Wealthy Affiliate and I can say from experience that it’s the great place to start making online revenue. In Wealthy Affilliate you will learn all the things and details you need to run a successful online business.
In this article I explained you the four steps, four principles of making money online but if you really want to make online revenue you need to go more into detail.
I just want to underline that all you need is the will to start learning.
Hi there!
This blog post can work for you and me as a reminder what is really important in running a website, writing a blog and actually in life in general.
Many times in life fear of not being perfect can hold us back. To be honest I believe that perfectionism can be harmful for our progress in online business and life.
Have you watched the football match where the other team dominated the action in the field during the whole game. But then the underdog scores in the last minute and wins 1-0.
Ball possession doesn’t make the winner, great shoots don’t make the winner or great individual performances don’t make the winner.
The only thing that counts is the number of goals you make
Of course ball possession can help you in making goals but it just doesn’t make you a winner. And same applies to life.
Great plans or dream don’t make you a winner. The only thing that makes you a winner is the action you take!
I believe that it’s important to dream big but after you have dreamed big and made plans how to achieve those dreams, the only thing that counts is that do you stick with those dreams and plans.
If you start your very first website today, the website is not probably perfect. Let’s be honest with that. But as you start the website today and run it for three months I’m quite sure that it’s already way better after three months. The website has developed a lot and you had learned from the mistakes. (If you are interested in building a website, check out my easy instructions)
What would be the progress after six months, one year or five years!? If you start today, and stick with your dreams, nothing is impossible.
The most important thing is to start.
The second thing is not to give up.
If you remember those two things you can achieve literally anything in online business. Some people don’t even start and the majority gives up without trying enough. That’s the only reason they fail in online business.
You really don’t need to be perfect when you start. But atually you don’t need to be perfect afterwards. When you run a website, people are not looking something that is perfect. Does Craigslist or Reddit look like perfect? No, but still they are highly popular websites.
If you make mistakes with your website and its content you can always correct it afterwards if you want. It’s better to have 10 texts published than 1000 drafts waiting for a perfect day. Because “the magical perfect day” never comes.
Just make some progress today because Little progress every day counts up big results.
Do people want to act with someone who is totally perfect, without any mistakes, almost a robot? I guess that people would prefer someone who is a normal human being with two legs and hands. Just being yourself is enough.
If you are interested you can Start online business today.
I hope this text can motivate you to keep on going without the fear of not being perfect.
What do you think about the subject? Please leave a comment!