Yes. There, I’ve said it, so you can go now if you want. Or maybe you want to know more?
How do I even know that the answer is yes, given that I’ve not actually made any money online myself, besides selling stuff on eBay? Well, read on…
Up until quite recently, I was almost completely in the dark about the options when it came to earning a living online. But thanks to some conversations with my colleague and friend Laura from Those Positive Thoughts, my curiosity was piqued and I figured I might be missing something…not completely unlike me!
So I started digging around online, and quite quickly it became apparent that this is not only possible, but very much a reality for tens of thousands, if not millions of people already.
To be clear, I’m not talking about just advertising your traditional brick and mortar business online. And I’m not talking about remote working, although this can be a good way to free up initial time, to get started. I’m not talking about any kind of traditional job requiring a set number of hours, either.
Granted, I’m not an expert on this stuff. Far from it.
I don’t know exactly where I fit in yet, in this incomprehensibly vast world of opportunity that I’ve discovered online. But I can’t “unsee” the potential. For me, there’s now no choice but to keep going.
I don’t know how you make your way in this world. But I’m guessing it’s either a classic 9 to 5 like me (and don’t forget the three hour a day commute), or maybe you’re self employed and working similar hours.
Either way, it’s becoming more and more apparent that traditional (read: pre-internet age, “trading time for money”) types of jobs just the most efficient way of earning income anymore.
Why? Well, you head into work for the day, and put in a solid 8 hours. Then you get paid for 8 hours work, because that’s the only way there is, right? That’s what everyone else does, right?
Leverage Passive Income and Earn a Living Online
When you have a passive, or residual income, it looks more like this. You spend, let’s say, 80 hours building a “thing”, typically to help people in some way. But then once built, that “thing” becomes a source of income in its own right. It can potentially go on earning money for years, with some upkeep.
And why stop at one? The internet being what it is, it’s now possible (and has been for a while) to build as many online sources of income as you want.
After you’ve put in that initial effort, eventually you’ll also start getting paid back in an even more important currency – your time! You can be in spending time with friends and family, in the gym, or doing other things that are important to you, all while your internet business keeps earning money.
The internet doesn’t close down for the night, so you can even be earning your income while you sleep! If that’s not awesome, I don’t know what is.
So the point is, you don’t have to be physically present, trading your hours for money in the traditional sense. Hopefully that illustrates for you how multiple streams of passive income can enable you to earn a living online while giving you back more time.
And all you need are a computer, an internet connection, and your mind (coffee optional but recommended).
As an added bonus there is also…
- No boss – other than yourself
- No one to answer to – other than yourself
- No office hours
- No “net salary”
- No 20 days holiday per year
- Best of all, no fixed location
Don’t believe me? There’s millions of people out there that are living proof that with determination and hard work, it can be done.
Entrepreneurs, Inspiring with Their Stories
Or Ruth Soukup from Living Well Spending Less, who started her blog as more of a hobby than anything else. But, being the super intelligent lady that she is, quickly realised the potential and within a few years was able to build four online businesses and even retire her husband!
How about Rosemarie Groner from The Busy Budgeteer, who was able to grow her online income to six figures per month – yes, MONTH – within three years of starting her blog (uniquely, in her case, while working just 25 hours a week!).
And that, in a nutshell, is what this site is here for. I feel so excited about what I’ve learned so far from these guys and their blogs, podcasts, eBooks etc. Frankly, it just needs to be shared.
Don’t take my word for it…peruse the amazing blogs and podcasts of the guys mentioned above, who are all crushing it.
Honestly, I feel like my mind is swimming from all the options. Here’s just a few…
- Advertising on your site
- Creating online courses
- Writing an eBook and selling either yourself or through Amazon
- Affiliate marketing
- A membership section on your website with recurring monthly fee
- eCommerce and/or Amazon FBA (selling physical products through Amazons Fulfilled by Amazon program)
Obviously it’s not that simple. You can’t do any of those things if you don’t have an audience that will pay for them. And to acquire that audience…ah, there is one of the things that will most definitely require a substantial down payment of time and patience.
Naturally I am going to assume that you are a hardworking and patient individual…
Understanding the Potential
I feel like I need to show other people that it’s possible as well, even though I’m not there myself yet.
Of course you’re welcome to keep your 9 to 5 if you these stories don’t inspire you, or if you don’t like hard work and don’t want more time to spend doing things you love.
But if you really do get it, if you do realise the potential of being able to earn money online by being involved with things that you love…well, I just feel stoked, and I’m determined to make it happen. How could you not be?
If so many others have figured it out, I’m pretty sure I can. And you will, as well, if that’s what you choose.
So even though I’m only just at the very beginning of this journey myself, I want to take this opportunity to encourage you to get started. Even if its just to do a little research yourself, go ahead and get started by checking out those links above.
Meanwhile, I’m going to share everything that I learn along the way, and hopefully make some new friends while I’m at it!
Who knows, maybe we can help each other?
Who knows what the future holds? Anyway, enough for now…I’m off to get started!
If you are already earning extra cash online, please tell me about it in the comments or drop me a line. I’d love to hear from you!