Active income requires your time and you can only produce as much money as your time allows. For example, a doctor or a lawyer who charge high per-hour or per-consultation fees and make exorbitant amounts of cash are stifled by the amount of time they have in a day. We all have the same 24 hours. Not one person on this earth gets more time than the next. It’s the greatest equalizer in life. When the time you work directly correlates to your income, it’s called active income.
Have you ever noticed that we make most of our really stupid decisions at the end of the day? If you’ve ever done something you regretted after going to the bar, watched YouTube videos instead of reading or actually talking to people, or eaten a late night bowl of ice cream when you’re trying to lose weight... you know how much of a struggle it is to do the right thing after you’ve spent an entire day trying not to screw up.
Like talking to people and helping walk them through problems? You can bring in extra income as a contract customer support superstar for companies all over the world. Due to the 24/7 nature of online businesses, companies are looking for people in different time zones to help deal with issues that their users are having. Better yet, if you have experience in service or retail you’ll be perfectly suited. Check out indeed or the other remote job boards I listed earlier to find opportunities.
Join a startup accelerator: Another great option is to apply to a startup accelerator like Y Combinator, 500 startups, or TechStars, where a group of investors will help coach you, connect you with potential partners, and provide startup cash in return for a small stake in your company. The competition is tough to get into these, so don’t rely on them as your only path forward.
If you have a spare room in your living space and want to generate some side income, consider renting it out. Use Airbnb to put your home to work for you, whether you wish to rent out your entire home or a single room. Think about this…If you’ll be traveling a lot this year, rent out your home to make some money while you’re away that can help pay for all of those adventures. That sounds like a great way to make some extra cash and travel for near free, if you ask me. And don’t worry, there are security protections in place that help make this option less terrifying than most would think.
If you're serious about making money online, start a blog. Blogging is one of the easiest and most sustainable income sources. As long as the blog is setup the right way, in the right niche, with the right content targeted at the right audience, and the offer is complementary to the content, you could make a tremendous amount of passive income from a blog.
I wound up earning 30 grand from him that year. Now I have a guy sending me a mandatory $3,000 per month, but I usually end up with more. I’m on his payroll, and the money gets direct-deposited into my bank account. Last year he paid for a girlfriend and I to fly business-class to Greece. When we landed, his driver picked us up and handed us our island-hopping itinerary. Hotels and meals and everything were all paid for. The last week of the trip, I met a hot young Greek guy and bragged about him online. [The client] was jealous, but being jealous turns him on. Just hearing about me being with the Greek guy is enough of a reward for him.
As usual, another good one from Copyblogger. I feel the most important is the Point 4. Unless people trust you, nothing will move. I have explained in detail the various means of building a community of trusted people for your business to flourish. My take on trust can be read at http://sidsavenue.blogspot.com/2012/03/are-you-aware-of-theory-of-traffic-and.ht ml
I don’t think the reserves should be on the list as a side hustle because as a former active duty sailor and reservist I have been called back to full time active duty, so what you may think of as a side hustle may cause you to have to leave your family, your home and your job, and if you are in the lower ranks you may end up bankrupt because you have to leave a higher paying full time job when Uncle Sam comes calling. This should only be done if you really love the military or need to meet active duty contract obligations.
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
Once you have decided what type of product you are going to sell, you need to decide where to sell them. Selling merchandise on Amazon or eBay aren’t your only options. Creating your own eCommerce store is another way to promote your products and generate sales. Once you have decided what you are going to sell, whether it is white labeled products, your own designs, or other people’s merchandise, you can set up an eCommerce website to display these products.
So be wary. Ensure that you learn from the pros and don't get sucked into every offer that you see. Follow the reputable people online. It's easy to distinguish those that fill you with hype and those that are actually out there for your benefit. Look to add value along the way and you'll succeed. You might find it frustrating at the outset. Everyone does. But massive amounts of income await those that stick it out and see things through.
Thanks for your honesty and quite frankly it makes me want to start a new business right now. I’ve spent way too much money on all these shiny objects and I’m tired of it. I’ve actually tried to follow through with some of these get rich quick resources but end up at a cross roads because I’m not comfortable in doing some of the things they want me to do.
Jeff Johnson is an expert in affiliate marketing and outside the box SEO strategies. His strategies had allowed him to build a six-figure income stream from Amazon’s affiliate program alone. He first made his appearance in John Reese’s Traffic Secrets seminar, introducing many new concepts to the SEO world and now offers training on his Underground Training Lab membership site.
Fiverr: Israeli-based Fivver was started in 2010 by Shal Wininger and Micha Kaufam. It's a great resource for selling just about any service online. You can offer gigs as low as $5 but also get paid much more for upgrades and add-ons. There are plenty of providers earning 6 figures on Fiverr so it's definitely a worthwhile cause for generating a healthy income. Just ensure that you provide some serious value.