When I first started making money online, my wife cried. This was not because I was now able to purchase her the material possessions she longed for, but simply because I was now putting in more hours at work than she did. It all started when I was asked to create an e-book for a friend. My wife soon realized that this meant I could do it for other people as well. Soon enough, I was creating 30 of these books a month and making money by the bucket load!
Best Businesses are run by people who know how to create passive income. These are businesses that are able to bring in money even when you are not working for them. Passive income is the ultimate business package. You can do what you want with it! You can spend it, save it……or give it away.
Many people are just working to pay the bills, not living the life they want. You may be working long hours to pay off debt, or spend every day simply making ends meet. If this sounds like you, an online business can change all of that. By becoming your own boss, you can control your income and create the financial future you want for yourself and your family. To help you achieve this financial freedom, we’ve put together this guide full of tips and tactics for people who want to start their own online business. All you need is some drive and dedication to make it happen.
The 4 hours a day myth
I love hearing new bloggers say how they are going to be making money online “in 4 hours a day”. I know you’re saying it right now because I’ve run into this at least 20 times over the years. All of them have failed the first few months, or even years. We love to hear about how successful people get wealthy without working hard. It doesn’t matter whether it’s related to blogging, working online, or anything else. But here is something you need to understand…
Making money online only takes 4 hours a day
There is a common belief that making money online only takes 4 hours a day. This is not true. I have seen several people who believed this and lost money because of it. This 4 hour myth is based on the fact that one can earn good money, but not on just one site, but on multiple sites. So if you build 4 sites on the side and work 2 hours per day on each of them, you will make money. But you need to be realistic and realize that:
- You cannot do this full time and live off the income from these sites
- You will not be able to quit your job in 2 weeks and expect to make $1000/day
- It may take you 6 months to see your first dollar
- You will lose money sometimes (maybe even more than once), but if you don’t give up, you can still turn things around and get profitable.
4 hours is just an average
Making money online is easier than ever, but there’s still no magic formula for success. One of the biggest myths about making money online is that it takes 4 hours a day to earn your first $1,000 per month. The truth is that this estimate is based on averages and doesn’t factor in things like the cost of living or your level of expertise. If you’re just starting out, you could end up spending much more than 4 hours per day because you’re not very good at your job yet. Expert marketers can use one hour to make $5,000 or more. Someone just starting out may need 10 hours or more to make the same amount of money. Your time commitment will vary depending on your skills, ability to handle adversity and other factors, but it really does take some time to make money online. The good news is that it doesn’t take nearly as much time as many people think.
It’s possible to earn money online if you select the right marketing channels and find the right product.
The right product is key. You can’t make money online unless you have a product or service to sell. There are affiliate marketing programs that will pay you to promote someone else’s products, but this is not where you make money directly. To make money online, you need to sell your own products. If you don’t have products to sell, then you need to be able to create products that people want to buy. If you can’t do that, then it might be better just to get a job. That doesn’t mean that you’re doomed forever. It just means that before you quit your job, you should know whether there is a market for the products or services that you want to offer online. There are hundreds of ways for people to make money online. Some of these opportunities are more lucrative than others, but all of them take work, and they all require some level of expertise. If you don’t have expertise in any particular area, but want to learn how, I would suggest online courses on Udemy. To get started with affiliate marketing, I would recommend Wealthy Affiliate.
The right tools and strategies can help this go faster
The idea of having an online business brings with it the notion that you can reach millions of people, be your own boss and work from anywhere in the world. The reality is that reaching millions of people isn’t possible without a lot of money to spend on advertising, being your own boss is great but comes with the responsibility of running your business and working from anywhere in the world is not always an option. What many new online marketers find out is that making money online isn’t as easy as they had originally thought. It takes time, energy and effort to build a profitable home based business. The only way to earn a consistent income online is to create a system that works for you, and then put in consistent work over an extended period of time. If you do this, you will eventually see some results and maybe even make the millions you dream about!
Tools and strategies will save you time and help you reach your goals faster and easier than 100% trying it on your own.
Many people who work from home, or want to start a home business, think that the only way to make money is by working hard for many hours per day. This couldn’t be further from the truth! We all have 24 hours in a day, and we can choose how to use them and their importance. Working at least 4 hours a day may sound like a lot. But consider how much time you spend watching TV, browsing social media or shopping online. Now cut out those activities and use that time to make money instead. The purpose of this article is to show you how you can do just that. Here are some tools and strategies you can put into practice today:
Automate your finances
You probably know that if your money is automatically transferred into separate accounts for different purposes (for example, savings, bills and spending) then you won’t need to worry about remembering to transfer it yourself each month. However, you might not have realized just how much time this can free up for you! Whether it’s your cable bill, your internet provider or your phone contract, chances are there’s an option where you can pay using direct debit so that they take it straight out of your account each month.
Maybe we should talk about those who say it doesn’t
As a child, I was often told that if I worked hard, I could be anything. So I believed that if I worked hard, all my dreams could come true. And so for many years, I pushed myself to work so long and so hard that I started to have doubts about whether it would ever be worth it. I decided to take a step back and reassessed my situation. The more I thought about what I was doing, the more ridiculous it seemed. The things that mattered most to me were being neglected in favor of work. I realized that even though the time may have been well spent, it wasn’t being spent on the right things. As much as I loved my job, there were other things in life that deserved equal attention. Even now, this is something that’s challenging me. It’s very easy to lose track of time when you’re working on something you really enjoy because sometimes you forget to stop and think about what you’re doing with your life. It has taken me years to realize this lesson, but it has served me well: Time spent working is still time spent working; don’t let your work become your life.