If you are considering an online gig, side hustle, and passive income streams today, then this post is for you as I will be walking you through how to finally start and make money online.
If you are looking for a quick-rich-scheme, you can navigate further, as this post will not provide you anything like that.
Starting an Online Business And Becoming Your Own Boss At Home is Actually Not That Hard.
Well, if you know how to do it right.
But the problem is, if you are new to this adventure then everything will seem to be overwhelming and confusing.
How To Start An Online Business And Make Money
Common Story For An Online Business Adventure
Here’s what most online business owners story looks like (more or less)… This could sound too familiar to you or this could be you. (I’ve been there).
- You want to access all the free information
- You signed up for different webinars, free eBooks and free coaching hour
- You realized you got hundreds of eBook pages to read that you don’t even know where to start
- You realized you got thousands of emails from all the freebies you signed up for, which you don’t even have time to read
- You realized that it’s okay to pay a little money just to get the real path to success for your business
- You saw a lot of convincing programs
- You fall from scams
- You wasted money and time
Then you quit OR realized that high-quality programs really do need investments, so again:
- You search for different high ticketed programs
- You pay thousands of dollars
- You realized that they (programs) are all the same
- You realized that the process is actually simple and why you thought it should be complicated
- Then you vigorously work day and night until your success knocks on your door
You see, the path to success might not be simple if you don’t know where to start. Considering a common story of a successful online business owner, you know that along the way, there are a lot of people who just quit.
Remember, that only when you quit, it’s the end of the journey. So, as long as you keep going, you will get there where you want to be.
So, How To Start An Online Business And Make Money?
Making money is our main focus in this article. I assume that this is your main goal for your business too. So let’s get started.
There are 3 major things that you need to consider before starting an online business.
- What your passions, hobby or skills ar
- How much time you are willing to invest every day
- How much you do want to earn with your online business.
What Are Your Passions, Hobby, Skills, and Talents?
Your passions, hobby, skills, and talents are actually some great starting point in which or what kind of online business you would want to build up.
A lot of experts and successful online marketers and entrepreneurs suggest a business that you really are passionate about, something you’d never get tired of and something you can talk about over and over again.
The main reason is that as you choose your business niche, this will become your long term commitment. So, choose something that you really want to share the world or something you know will help people or group of people.
For example, photography, camping, childcare, etc.
There are literally thousands if not millions of niches to choose from. In fact, if you look around you, everything can become your business – flowers, flatscreens, cellphones, musical instruments, absolutely anything.
However, I must admit that there are some niches that are more profitable than others.
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How Much Time Can You Invest Every Day?
Another thing you should be aware of in starting an online business is your own availability and how much time you are willing to invest every day.
Whether you start with this business part-time or full time, the most important thing is setting a work schedule every single day.
The reason why a lot of people fail in online business is because of the problem of consistency.
TIME is gold and it really is, even in online business.
For instance, you work 2 hours every day – that’s 14 hours a week.
I know people succeed using only two hours a day. A lot of them started out as their side hobby or side hustle beside their full-time “ordinary” jobs.
However, in reality, if you’re really serious about making money with your own business, you would definitely want to invest much more than 2 hours because working full-time delivers more results.
Imagine if you could build a profitable business after one year by just working 2 hours a day. How faster could it be if you’re working full-time every single day?
Of course, you can not compare your result with someone working full time, when you working only 2 hours a day.
Although it is true that people have different disciplines and level of learning skills, committing your time to your business everyday is definitely one of the keys that you need, in order to succeed in online business.
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How much money are you willing to invest every month?
Okay, this question is the most critical in determining your success.
In reality, whether you like it or not, you need to invest money for your business. The good news is, it is much much cheaper than the investment in a traditional onsite business.
How much do you really want to invest for a rental fee, utility expense, transportation expenses, inventory or warehouse, if you were about to build an onsite business? $100,000? $50,000 or $10,000?
How about with your online business? $2,500? $1000? $500? These are the normal prices I could ever find for a legitimate program offered for coaching or online marketing business courses for a very limited time.
So much? You might say, $500? That’s a lot!
Yes, it is. But believe me, don’t try to suppress your success by getting all the freebies you can get around because you want to save money.
Those are totally a waste of time. Even though they’re free, there are always upsells for the freebie in the end.
Stop believing that someone will just give you everything for nothing in return.
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How Much Do You Want To Be Earning Every Month?
This might sound silly but actually, it is very important to set a quantitative goal.
If you want to build an online business, it’s clear that you want to earn money.
But what is your target or your goal? $100? $500? or $1000 a month?
Setting a realistic goal is a must.
While earning 7-figures a year with online entrepreneurship is very possible in the long run, it is very important to be realistic with your short-term goal.
For example:
Within 12-24 months you want to be earning $3,000 so that you can finally quit your job and have more time with your family.
Within 3-5 years you want to be earning 6-7 figures a year and being able to help your family, your community and everyone else who seek your advice.
How To Make Money With Your Passion?
After setting your short-term and long-term goal, it’s time for you to take actions.
There are a lot of ways to make money with your passions. However, the simplest way and what I highly recommend is to create an affiliate marketing business.
Affiliate marketing is widely used in making money with blogs, vlogs, podcast and even earning money on social media.
What I love about affiliate marketing is the nature of passive income generation behind it.
The concept is very simple.
You simply recommend a product, insert your unique affiliate link and you will earn a commission when people buy the product and/or other products on the affiliate website.
Is There An Alternative To Affiliate Marketing Business?
While I don’t personally recommend webshop or dropshipping, they are also other good ways to make money with your passions. However, you have to be ready with more administrative tasks, like customer service and processing order if you choose this model.
I have tried dropshipping and webshop with inhouse inventory storage 5 years ago – and believe me! Customer service and billing is the last thing you would enjoy… it’s very time-consuming.
So, I still strongly recommend affiliate marketing as this concept will become your passive income streams over time.
So, are you ready to make things happen?
Let’s get start!
What to expect:
- Building your affiliate marketing business’ website with a very easy step-by-step tutorial (around 5 minutes max).
- Determining your business niche and focus on it.
- Learn how to make money right away
- Learn how to generate free traffic
- Grow your business
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- Technical Support 24/7
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