When I saw the title “5 Harsh Realities of Making a Living Online” in my Google Reader I was very happy. I agree with you, not enough people talk about the fact that it’s NOT EASY. It takes a tremendous amount of time, effort and energy – and even then you are not guaranteed the results you want. It’s basically just as risky and time consuming as building a business in the “Real” world (i.e. not online.) For some reason, people think that being “online” makes it easier – but it doesn’t.
Well That’s great you grossed $2,000 but how much of that? $2,000 is going on taxes Well I don’t know what the tax rates are in the united states But here in canada where I live in the province of Nova Scotia out of that 2 grand Self-employed or not even with all the write offs I get from things like rent or Internet or cell phone or anything else that I can claim as a business expense Even when all those write offs I’m still probably going to lose about 40 to 50 percent of that money Because I’m self-employed and I live in Canada which is a socialist country With very high tax rates so out of that 2 grand I need to take anywhere from 800 to a thousand dollars of it, and I need to put that aside to pay taxes immediately Maybe I’ll get some of that back at tax time Maybe it won’t but I have to put that aside So now my 2 grand has already become one grand Also now I need to reinvest 30 percent in order to get that Other two grand so ever that remaining thousand dollars
Holy, moly, what a list! I’ve thought about pursuing a couple of these. Should really get on it. I’ve done a couple more of them. My sibling has been an extra in a couple of movies, but made no $ off of it. But we’re talking literally a stadium full of extras in one case….think Pittsburghers might have been too excited to be in a movie to ask for cash? Or maybe they just don’t pay crowds?
Incredible blog Victor, I’ve wonder about such ventures every time I see somebody else with a different “how to make money” guide. Makes me think: geez, I want to start a how to make money website. And I believe now I shall begin. Thank you good sir, and if you have a moment and you could email me, I would like to ask a question or two if possible?
This is also about expectations. Anyone that tries to sell you a get-rich-quick scheme is selling you short. There is no such thing. You have to put in the time and do the work, adding enormous amounts of value along the way. That's the truth of the matter and that's precisely what it takes. Once you understand that it's all about delivering sincere value, you need to understand where the money comes from.
Jay Abraham As Founder and CEO of Abraham Group, Inc. (Los Angeles, California), Jay has spent his entire career solving problems and fixing businesses. He has significantly increased the bottom lines of over 10,000 clients in more than 400 industries, and over 7,200 sub industries, worldwide. Jay has dealt with virtually every type of business. He has studied, and solved, almost every type of business question, challenge and opportunity.Jay has an uncanny ability to increase business income, wealth and success. He uncovers hidden assets, overlooked opportunities and undervalued possibilities. This skill set has captured the attention and respect of CEOs, best-selling authors, entrepreneurs and marketing experts. Jay’s clients range from business royalty to small business owners. But they all have one thing in common – virtually all of them have profited greatly from Jay’s expertise. Many clients acknowledge that Jay’s efforts and ideas have lead to millions of dollars of profit increase.
Why am I telling you all of this? The answer is pretty simple. I want you to get the understanding that making money online (at least in the initial stages), takes A LOT of STUDY and WORK! That's the unknown secret of Internet Marketing Gurus. Anyone can make a few hundred dollars. To be quite honest, you can make a few hundred dollars in your FIRST MONTH as a Freebie Trader. To be even MORE honest, it's much harder to profit $2,000+ each and every month, which is the reason I built this blog, and so many other people have their blogs on Internet Marketing – To save you the struggles that we had in getting going.