With active income, you’re actively working to produce those wages. So if you work for someone else and you’re earning a per-hourly fee or you have clients and you’re working for yourself, you’re still engaged in active-income employment. However, if something were to happen to your ability to work, for example, you would be unable to produce an income. This could be anything from an injury to an illness or disease, and everything in between, when you can’t work, you can’t earn.
I’ve been blogging for three years and am consistently making $2,000+ per month. I work no more than 10 hours a month on my blog. While it took a while to start making consistent income (about a year of solid work), the income is now relatively passive. Blogging is a huge passion of mine and I encourage everyone who enjoys writing and wants to earn extra money to start a blog.
Having a job is a great way to start making some cash flow, but you should use it to actually start a business. A job isn’t scalable. You only have 24 hours in a day, and you're not even going to work more than 12 hours in a day. Having access to the internet is all you need, you can see that attention is now the new way to becoming successful. The more exposure your brand gets (whether that is from posts, social media, websites, etc) the more opportunities you have to monetize off your traffic. When you have a lot of people's attention, and you create a product, you’re likely to make a sale. THIS IS SCALABLE. Anything you put out on the internet compounds, continually getting more and more traffic that gives you a chance to make a sale.
We’ve all stepped up to the conisgnment store counter to find out that the sweater from J Crew we never had the chance to wear is only worth $3. Womp. By selling your excess or used clothing on apps like Poshmark, you have the freedom to set your price and wait. Poshmark even provides the shipping label for you. If it doesn’t work out, you can always head back to your local consignment store or put the items on Craigslist.
The Mythbusting is much appreciated. It’s a gold rush out there. WWW might stand for wild wild west. This article frames up the challenges and reminds us that it’s the reality on the ground that gets us up the mountain. A similar myth is the one about writers and riches. I found a good article by an old fantasy novelist and reworked it into a post you might enjoy. http://ow.ly/a6pn3
I’m happy to share some of the systems I spent over a million dollars developing so you can make more money — and slash your workload, save months or years of frustration, and skyrocket your success — much faster than you’d imagine. For FREE. Why? I give away 98% of my material, and I know that by helping you achieve Big Wins and making my free material better than anyone else’s paid products, you’ll join thousands of other readers who’ve gained so much that they became students for life.
Great post on a subject that is so right on the money about the fallacies of starting an online business and nailing the how to steps it really takes. Well done, as always. I’m someone who absolutely falls into the category of knowing a lot of the tidbits of information out there on how to do put together an online business but has stuggled with the roadmap of proper steps to put it all together and make it work for me.
Brendon Burchard is an American entrepreneur, coach, speaker and New York Times Best Selling Author of “The Millionaire Messenger”. Burchard began his rise to fame after publishing the #1 Amazon Bestseller “Life’s Golden Ticket” and followed up by establishing his High Performance Academy, a personal development program for high achievers. He is perhaps best known for his “Experts Academy” program which is a comprehensive marketing training course for aspiring authors, speakers, coaches and internet marketers. He is also a shooting star on the training circuit and is currently one of the highest paid speakers on motivation and marketing.
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.
They’re promoting Or buy, whatever it is They’re selling and they don’t want to tell you All of the things that go into them generating that money They don’t want to tell you things like the the Acquisition cost per lead you know leads don’t just show up You have to go find them and it can cost money to do that they don’t tell you they don’t bring up things like paying taxes or Scaling up, you know reinvesting in things like advertising they just don’t talk about it They tell you man, I grossed $2,000 this week and i’m going to show you how to do the same
Affiliate Marketing – Affiliate marketing is when a person advertises a product for another person in return for a % of the profit. Anytime you read a blog that talks about a product they love so very much and they conveniently provide a link for you to check out the product you are looking at affiliate marketing in action. To become an affiliate marketer you will post a review of a product on your website, get your customers to purchase the product and you will get a piece of the profits. This can add up to some very good income. You can make up to 75% of the purchase price of the product doing this. Let other people create the product and you send traffic to buy that product and collect your money.
Well if you bring in 10 leads Cost you 500 Bucks and three of those buy a five thousand dollar profit product while you’ve just brought in 15 grand While spending five hundred that’s how it works But a lot of these guys Don’t tell you about the part where you have to spend the 501st right so it gives people unreal expectations because nobody tells them the truth nobody really tells them what’s involved and Because of this it leads people to have like I said unreal expectations you have people that are working part-time jobs at McDonald’s for minimum wage For a brand-new newbies to internet marketing and when you talk to them and you say well What are your goals? Oh? Well, I want to make money Okay Well
I know it’s a wide term and so many things come in it, but yes, Digital Marketing is the present and future. Things like PPC, SEO, Email Marketing and all sort of online marketing and advertising come in this expertise. The scope and market is here, all you need is just a passion in this industry to start your career! [Check How to Start Your Digital Marketing Campaign?]
Offering specific online SEO services is also another online freelancer role that businesses are crying out for. If you know how to improve a website’s SEO by doing keyword research, creating content that can rank in search engines, adding metadata / schema to posts and pages, and building backlinks to a domain, to name a few tasks, then this could be a great line of work for you.
Any definition of internet marketing needs to come along with a definition of things associated with it such as affiliate marketing, network marketing, multi-level marketing and so on and so forth. Some of these are less legitimate than others. For example, affiliate marketing is a tough nut to crack unless you have a massive following or you understand how to build excellent squeeze pages and effective sales funnels.
Creating your own food blog, will not only be fun, but done well it should also be profitable. Link your site to affiliate cooking products, sell your food photos, create and sell your own physical cookbook, or launch a cooking app. Equally, you could turn your cooking blog into a membership site. You would then share all your content, including recipes, how to videos, food photographs, and much more, with only your paid up members.
Now that your driveway is empty consider renting it out too. Parklee is a match-making service for property owners and drivers. Here’s the premise, we all know that at certain times of the year parking can be a nightmare. Parklee connects drivers with household owners who have extra parking space to spare. Simply create an account, Parklee will do the matchmaking, and you’ll earn some extra money for allowing individuals to park at your house.
Cryptocurrency or digital currency is the next big thing in currency trading. It’s a digital asset that is used as a method to pay for things, that isn’t run by a government or institution. Bitcoin is the most well known digital currency and was trading at $200 per Bitcoin back in 2013. Now it is worth over $17k and is expected to be worth well over $1m in 2022.
Learning doesn’t stop in any form of education, research, and business. It keeps on going. What you need to do is, do not stop learning. Once you think you know everything, the thirst of learning something new decreases and you might lose a few chances to get to know something new. It could be online articles, books, research papers, and even web surfing.
No matter what size your business is, online marketing is kind of a big deal. In fact, the Content Marketing Institute has reported 93% of B2B marketers are currently using content marketing. While that’s welcome news for online marketers, it’s still a relatively new field that isn’t fully understood by all marketers. In fact, in 2013, only half of marketers were confident in their digital ability. And in 2014, only 35% of marketers were using and tracking their content marketing efforts.
If I have a blog that is getting 100,000 page views a month that means that I’m probably getting at least 50,000 people to the site (most blogs will do between 1.2 to 1.4 pages per session). That means I have to try and get some small percentage of those people to buy something from me if I really want to do well. If I can’t get them to buy something then (in some cases) I have ads running on the site that will make me money anyways.
That type of earth-shattering failure and pain really does a number on a person. Getting clean and overcoming those demons isn't as simple as people make it out to be. You need to have some serious deep-down reasons on why you must succeed at all costs. You have to be able to extricate yourself from the shackles of bad habits that have consumed you during your entire life. And that's precisely what Sharpe did.
“I always point people to the article ‘1,000 True Fans’ by Kevin Kelly. If you choose your thousand ideal customers or readers properly and find the single author blog that targets that audience, you never have to do any more marketing. You’re done. That is a lesson that very few product developers and marketers have learned, and it’s unfortunate.”
You can't expect to make any money if you just throw in that towel and call it quits right when the going gets tough. Even if you fail or you experience some setbacks, look at them as stepping stones, not road blocks. Everyone fails while trying to achieve their goals. Everyone. But, as long as you continually seek to improve, you'll make it there. It just might not happen as quickly as you had hoped.
For the most part, the 6-figure, 7-figure, and 8-figure-earners and up are making a large majority of their income by scaling out offers that they control. If you're just starting out, that avenue isn't for you. It only comes over time as you come to understand the field. As Sharpe says, most people first need to get a lay of the land and cruise through the virtual sales landscape before they dive into a massive undertaking like creating their own digital products and sales funnels.
More and more companies and startups especially are embracing remote work—where you use online collaboration and communication tools to do your work from wherever you want. And you don’t have to be a 20-something hotshot designer or coder to reap the benefits of working remotely. Many remote positions are for customer support positions or other customer-facing positions that don’t require specialized skill sets.
Great article. When I decided to go into online marketing I went into it with open eyes. I had great expectations and dollar signs in my eyes. I was going to be a millionaire in two years. Then reality set in. But I love this business and I’ll keep plugging away. I may never get “rich” but I love what I’m doing and always learning something new and that to me is what rich is all about.
Sharpe, who's presently running a company called Legendary Marketer, teaching you how to duplicate his results, is a prime example. By understanding how Sharpe has constructed his value chain, positioned his offerings and built out his multi-modality sales funnels, you'll better get a larger grasp on things. As confusing as it sounds at the outset, all you need to do is start buying up products in your niche so that you can replicate their success.
Do you have a class A, B, or C motorhome? What about a pop-up, travel trailer, or fifth wheel? Then put your recreational vehicle to work when you're not using it. RVshare is an on-demand platform that connects RV owners with renters. It's completely free to use and according to their website, you can earn $120 – $365 a day! Booked rentals include 24/7 roadside assistance (so you know your RV is in good hands) and RV rental insurance. RVshare has been featured on CNN, the New York Times, NBC, Huffington Post, along with numerous other publications.
Now, it’s time to plan out your show. If you’re doing an interview-style show, you’ll now want to start getting some guests involved. You can use your existing social network to reach out to people you already know or are connected with on Twitter or Facebook. You can also head to Medium or Amazon to find authors or experts on topics specific to your niche.