As I trudged through the snow, on my way to the job which I’ve held for 30 years, I came to the realization, I needed to figure out how to earn extra money from home. On a cold snowy blustery day in February, I had a come to Jesus moment. I suddenly felt the weight of 30 years of waking up at 5:00 AM, and enduring a 1 ½ hour commute, so that I could have the privilege of helping a giant corporation gain more market share.
Don’t get me wrong, I made a comfortable living and I’m grateful for the life that my job has afforded me, but what I was really doing for 30 years was trading my time for money. As I got older, my time became more valuable to me than the money. I needed the freedom to come and go as I pleased. I wanted to start doing things on my terms.
The corporate environment had become so toxic to me that I decided I needed to plan my exit strategy. The constant threat of downsizing, outsourcing, and just the general cutthroat nature of business nowadays began to turn my stomach. I knew I needed to look for ways that could provide a passive income stream for me. I knew it would take time and effort, but I didn’t mind, after all, I invested 30 years of my time and effort to someone else’s company. Why not put that same time and effort into me?
I decided to take the plunge, I decided to retire after 30 years, but I was still relatively young at 54 years old. I made sure I secured a part-time job, just to keep an income coming in. My new job did not have the demand on my time as my previous job. This enabled me to do extensive research on how to earn extra money from home. I knew I wanted to start my own business. The question is what kind of business was I going to start? There were so many options, selling online, affiliate marketing, MLM, and so much more.
My research led me to affiliate marketing via blogging. I knew this would not be an easy task, I was drawn to the idea of helping people through blogging. The fact that you could monetize your efforts while providing value and solutions to people was very intriguing.
There a lot of people who entertain the thought of starting an online business, but they get into it for the wrong reasons. They think they can become wealthy overnight, after all, that’s what they read on the internet right? Your primary focus should not be on the money, it should be helping people. If you’re not helping people, then you will not have a viable online business.
Your initial concern should be, how are you providing value to your audience? You should not be thinking of getting rich overnight or becoming an instant millionaire. If that’s what you’re after, then you should go play the lottery, you will probably have a better chance of getting rich that way than having your business making you rich instantly.
That doesn’t mean your dream of creating a viable online income isn’t possible, it just means, you’re going to have to work for it. There are plenty of successful online entrepreneurs that are making a very comfortable living with the laptop lifestyle. The one thing they all share, the common denominator that binds every successful entrepreneur is the willingness to sacrifice and put in the work. There are no shortcuts to success, no matter what any online guru might tell you. These gurus will have you believe that all you have to do is buy their course and “winner, winner, chicken dinner” you will be rich in no time. Any course whose main sales pitch is selling you on the idea of making 20K a month with little or no effort is SCAMMING you.
We all know there is no free ride in life. Building an online business is no different than building a traditional brick and mortar business. You have to have a plan that spells success, you have to have the right resources to implement the plan, and you have to execute the plan to the letter.
Let’s talk about your plan. What is your plan to be successful online? There are many different ways to do this. There is retail, where you’re going to sell a physical product online. This can be accomplished in a few different ways. There is eBay, Amazon FBA, Shopify, or setting up your own website where you will sell your own product.
You can also choose to sell a service via a digital product (teaching) or through a physical skill (photography). There are many ways you can monetize both of these things. You can create a course (digital product) and sell it on Udemy, or create a website where you can sell your course. You can offer photography services (physical skill) via, Fiverr, or your own website.
Here are 10 ways you can earn extra money from home:
- Affiliate Marketing
- Selling a course
- Publish Ebooks
There is no wrong or right platform to choose in order to accomplish your goal of having a viable online business. There are success stories across every one of the aforementioned platforms. There are also failures. There is no guarantee of either, but I can guarantee that if hard work, effort, and patience isn’t the foundation of your business, you are bound to end up in the latter category.
The choice of which online platform to enter is a personal choice. There must be careful consideration given to the type of business that you will be dedicating a substantial amount of your time for the foreseeable future. You must consider, do you have the time needed to do undertake this responsibility. Remember this isn’t a sprint, but a marathon. Your success will depend on this. Choosing the correct vehicle to create your business is vital. There are many things to consider when making this choice.
- Is the barrier of entry too high?
- Is this something I am comfortable doing long term?
- Do I have the economic resources to get started?
- Do I have the correct mindset to make this successful?
- Do I have the family support (Believe me, you will need it)
Taking The Plunge:
When I made the choice to enter the world of affiliate marketing, I understood that it would take hard work, perseverance and the willingness to learn. All these things take time. I scoured the web for every bit of information I could find so I could make the right choice as to the direction I wanted to take. I came to the conclusion, the platform with the lowest barrier of entry, and didn’t cost a fortune to start, and is something that I enjoy (writing) was affiliate marketing. The basic premise of affiliate marketing is monetizing a captured audience via engaging, valuable, and helpful content that you provide on the internet. (50-foot view).
You start by choosing a subject matter (niche) in which you can provide value, and or help with your expertise, to the end user (anyone seeking that information), it should be something you have a passion for, and or have a working knowledge of. If you don’t have a passion for the subject that you are writing about, it will be a futile effort, because eventually you are going to run out of steam, and become bored with what you are doing. Your content will suffer and your audience will notice and react accordingly (by leaving your site). Eventually, you will begin to gain a following (traffic) to your website that trusts and values your content. That relationship is then monetized via an affiliate relationship with a merchant. That merchant will pay you a commision to for sending a paying customer their way. You have to make sure the trust you have with your audience is never compromised, or taken for granted by offering them something that you yourself wouldn’t use, or buy. So choose your affiliate relationship very carefully.
That may sound like an easy task and undertaking, but believe me, there is a science to get that to work for you. There are many free resources on the internet that can teach you how to do this. That would literally take you months upon months of researching to get the value and the knowledge of a good affiliate course.
I would suggest that you do some research and find a program that fits the goals that you are trying to accomplish. Please remember it is possible to earn an income from home, just remember that it’s going to take hard work, perseverance, and a desire to succeed. Personally, the hardest part of the process was who do I trust? Everyone is selling the moon (and it ain’t cheap). I listened to what everyone had to offer and decided that the Wealthy Affiliate platform was perfect for me. My journey started here.