Are You Ready To Make Money From Home?

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How to become an Entrepreneur

Are You Ready To Make Money From Home?

 

Making Money Online From Home – Fantasy or Reality?

You are probably one of the millions of people that have long dreamed about and are ready to make money from home. It probably has seemed like an unattainable goal in the past; but no more. Anyone with a laptop, tablet or smartphone can do any number of activities online that can earn them side income, and in some cases, match or surpass their existing job income. This is no pipe dream. People are doing this daily. They are firing the Boss. They are punching out for the last time. They are kissing the long daily commute goodbye. They are working from a different room in the house each day, or the garage, or porch, or park or coffee shop or…anywhere where there is a stable WiFi connection, but even that is not required if you use your smartphone as a Hotspot!

These days you just need to type a few keywords into Dr. Google, like “how to make money online” or “how to make money from home” for example, and you will be amazed at just how many “offers” are listed.

The first steps in learning how to make money from home is to do your homework! There are many opportunities you may be offered, but you will need to be armed with the knowledge to weed out the con artists from the legitimate prospects. The only way you can do this is to read, read, and read some more. Visit many websites, read reviews and use your common sense. Anything that seems too good to be true is probably just that. You can save yourself a lot of time and money by researching how to make money from home extensively. This will only take your time and may save you hundreds of dollars down the road.
wheretobegin

Where To Begin

You have decided you are going to give attempting to make money from home a try. Now you must decide where your talents and strengths lie. If you truly want to become successful and make money from home, your best bet is to use the skills and abilities you already possess. You can make money from home by writing a blog and generating revenue, you can set up an online store where you can sell specialty items or a wide range of goods. You can create a website that offers your services if you have an area of expertise; the possibilities are endless when you decide you want to try to begin a career from home.

Avoid The Pitfalls

Lots of people say they want to make money from home, but many are not willing to work for it. It is not enough to want to make money; you have to be willing to invest not only your hard-earned cash but your time as well. Those who think they can make money from home using some type of marketing scam or pyramid are in for a rude awakening. The only thing they will be making is space in their wallet where their money used to be.

Once you have settled on a plan for a home career, learn all you can and be ready to spend hours getting yourself set up and on the road to success. You can’t expect to make the big bucks if you are only willing to devote a few hours a week at best. The people who are making the real money from their homes are the ones willing to work hard and learn from theirs and other’s mistakes. They are not afraid to take a risk and devote their energies to a program has been proven to be a successful venture that can be run from the security of their home.

But Take Off Those Rose Coloured Glasses

Although it might not be what you want to hear, every successful Entrepreneur has a few traits in common, such as:

  • They believe in themselves 110%
  • They invest money into their personal development by buying/attending courses by experts in that field, and/or getting mentored
  • They are willing to take a risks and invest in business opportunities where they could use someone else’s hard work and system, and just expand/improve upon it

One skill you have to learn fast is time management. Another is working smarter, not harder. You have to learn and live the 80:20 rule. By that, I mean focusing the bulk of your time and energy on the 20% of activities or customers for example, that make you 80% of the profit. I’ve used a product that focuses on teaching you the 80:20 rule, should you be interested. Click here to be redirected to that product page.

Look For Ways To Use Someone Else’s Proven System

One of the best ways to ensure that you create a way of making money online from home that is successful over the long-term, is to do what many people have done that have made money from home and that is, they have invested in a “Franchise Like” business opportunity. What is “franchise like” I hear you ask? We all know what a Franchise is, right? McDonald’s is probably one of the best-known proponents of the Franchise Business System/Model. What is it exactly? It’s a complete “How To” system/guide that effectively means that anyone who qualifies can be trained to operate a McDonald’s – profitably. That’s a big boast, right? It’s true. In this case, the “System” is everything. All powerful. To be followed religiously.

Well, just as there are Franchise businesses that you can’t run from home, that require more investment than the average person coming from Employment can afford, there are also what I like to call “Turnkey Business Systems” out there that have systematized a way of doing business, pretty much to the same degree as a Franchise would, except they don’t have all the formal Franchise Agreements in place, and the person who wants to use the system is not bound by restrictive conditions.

turnkeybusinesssystem
I wrote a blog about one such product, funnily enough, called Turnkey Business System. If you’d like to read my review, click here.

Conclusion

In 2018, there’s nothing stopping anyone researching, selecting, establishing, operating and eventually even selling a business, if they are ready to make money from home. Traditional businesses that operate in the physical realm are less likely to lead to long-term success, with the trend favoring digital products as the basis of making money online from home.

All businesses require some amount of capital to start, and a home-based business is no exception. Whilst the owner and major stakeholder (you!) might be prepared not to draw a wage at the start (which I don’t recommend), you will need to set aside some capital to pay for structure, stock etc., and also some capital to pay for advertising and marketing. Businesses need customers, and although there are ways to attract them without spending money on advertising. You should have a budget for this in reserve, in case you can’t or don’t want to take the time to learn how to establish a website and optimize it to attract customers.

If you have already made a successful transition from employment to owning your own home-based business, I’d like to hear about your challenges, highs, and lows.

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Cheers! Jim

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6 Comments

Jim

April 29, 2018 at 1:37 pm

Hi Gary,
I’ve had one of those weeks where I was busy for all the right reasons but my blogging activities suffered as a result. And I consider myself not to be spreading myself too thin…:)
I really appreciate your comments, which are spot on. Not many people starting out in this space these days have the patience, focus, and commitment to make a plan and then work that plan until those green shoots start appearing. The old adage about “failing to plan means you’re planning to fail” comes to mind.
And in this instant gratification world that we live in, I tire of students or subscribers asking me how they can start promoting after say 4 steps of a 21 step course, simply because they don’t think they need to know it all to make money.
I’d love to hear more about what it is you are promoting at the moment, and what your favorite channel, either online or offline is, to attract traffic/leads.
Cheers! Jim

Jim

April 24, 2018 at 10:49 am

Hi Mona,

Wow! Right back at you…for writing such informative comments! Thank you for taking the time, it makes all the effort of writing that blog seem worthwhile..:)

“As for work-from-home online business, I almost fell into the trap twice so I decided this was not for me. It was stressful and a waste of time.” Can you give me an example of what actual activities you were doing? The more views and actual experiences I read about, the more effective will be my follow up Blog on this topic.

I agree that the way to go these days is to “future proof” yourself, just like organizations prepare for changed market conditions. Knowing your strengths and playing to them, building your own brand, building a following (via Linked-in and Social Media) and increasing your value proposition by increasing your domain skills, are all part of such a strategy.

For example, it’s not good enough these days to call yourself an Online/Direct Marketing Coach/Mentor, regardless of your experience. You need to be seen to have “certified knowledge” from an credible institution. I am currently taking two courses from edX.  Introduction to Marketing: Tools to Set Enterprises Apart. and Digital Branding and Engagement.

Mona, in closing, I have to say one thing. If you have all the talent and experience that I believe you have, I feel it would be somewhat of a waste of your talent if you focused only on activities that resulted in you trading your time for money, but if you are going to be the owner of a company that provides services to people who you already have figured out have a need/pain point, and can get others to help you serve those people, you will surely meet with great success.

All the best! Jim

Mona

April 23, 2018 at 5:14 pm

Hi Jim. First of all, it’s a very well written article, superb. Making money online and from home and leaving your day job and becoming your own boss is becoming the trend recently even with the younger generation. I think we will be seeing more entrepreneurs in the coming future than before. As for work-from-home online business, I almost fell into the trap twice so I decided this was not for me. It was stressful and a waste of time. I still want to be my own boss, no working for others and no partnering. Having specific skills is an asset. While building your online business, you can offer your skills on platforms like LinkedIn Profinder or other well known platforms. It can help build client base as well. I totally agree with the 80/20 rule. It takes practice to set priorities and make the right decisions though. I also strongly agree to the personal development. I’m doing that myself as I decided to study for the Lean Six Sigma Black Belt certification. After that, I think I will invest on digital learning. Minimal knowledge of the internet is not enough these days I think. All businesses are going digital. No technical knowledge means struggling. Thanks for the great article.

Gary

April 23, 2018 at 11:17 am

When I started out in affiliate marketing 14 years ago, the advice was to create lots of sites, all creating a small amount of income. There was no mention of branding yourself. Nowadays, it’s the complete opposite. Brand yourself and build one, or just a handful of sites. It makes sense. No one has the time to properly update and maintain several quality, high-authority, websites all on their own.

And today, there are so many ways to make money online. The key is to pick one you like, focus on it and master it before moving on to something else. If you hop from course to course and from one money making idea to another, you’ll never be successful.

Jim

April 19, 2018 at 11:45 am

Hi Aaron,

I’m really glad to hear that you got value out of that post. And i really appreciate people expressing their honest views and adding the own personal experiences.

To advertise, or not to advertise. That is the question!  Granted, Prince Hamlet’s deliberation “to be, or not to be” in Shakespeare’s “Hamlet” was a much weightier decision, one that related to life and death. However, in the world of Affiliate Marketing, there is no weightier decision to be made than the one about your path to customer acquisition. It’s not a single path. It’s two. Paid Traffic. Free Traffic. The paths diverge at the start, yet way in the distance they meet again and cross over.  But there’s a fatal floor. There is no such thing as Free Traffic. All Traffic comes at a cost. Either you pay cash or you pay with you time. And your time has a value. In most cases, the average Affiliate Marketer with very basic IT/SEO/SOCIAL MEDIA skills would actually spend more trying to acquire customers if they costed out their time, as they would be paying for clicks as an example.

However, I don’t even think it’s as clear cut as that. I think you need both. Paid traffic on it’s own will get you sales, but it won’t buy customer loyalty. Only building your brand and providing value will do that.  Organic Traffic just takes too long to bear fruit. You’ve go to pay the bills.

A year and half after attending my first ever live training event in the Online Marketing space, I finally feel like my organic Traffic Plan (or more accurately stated Sylvia, my wife and SEO Guru’s Traffic Plan) is bearing fruit, and it’s almost time to turbo charge/upsize/supersize my customer acquisition process by adding paid traffic to the mix.

I’d love to hear about experiences you’ve had with things like Solo Ads or other paid sources that you’ve tried, or your best free traffic strategy and the results/returns you managed to achieve.

“Live as if you were to die tomorrow. Learn as if you were to live forever” – Mahatma Gandhi.

Yours always. Jim

Aaron

April 19, 2018 at 7:24 am

Hey Jim, I really enjoyed reading your post about working from home. I think in 2018 there is literally everything possible. Plus I think building your personal brand is super important form everything. one thing I don’t agree with you that you will need money for advertisement unless you know what you are doing. because that way you can really spend a fortune without any ROI, but that is just my opinion. 🙂 still super cool and informative post 🙂 keep it up 🙂

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