*THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE READ MY DISCLOSURE
“How much money can you make from home” is the very first question a person ask themselves before they start their online money making journey. Truth be told; no one can actually tell you how much you can earn online. However to be fair, it is easily possible to earn more than a decent income online, and by decent I mean quit your day job decent!
The most common misconception regarding work at home jobs or telecommuting jobs is that they are a source of an extra income; a side job. You would find thousands of articles online where people are suggesting numerous ways to earn some easy extra bucks. However this is not true. The reality is if you put your heart and mind to it, sky is the limit when it comes to earning online. So at the end its you who defines what kind of income source you are earning through the internet, a temporary or permanent one.
Make Money from Home- Factors that influence your income
There are many factors that really play a vital role on how much money you can make from home:
The drive to keep on going. This is going to be tough, trust me. You write a good article, share it with a hope that you will start getting traffic but the sad truth is you will not get a lot of traffic. this normally puts of many newbie’s, they keep checking their stats and get disappointed and eventually their morale goes down the drain.
If you actually want to make money online you need to be determined and patient, and have to work your ass off. It’s like any other job you do. You can’t expect to earn passive income by not lifting a finger.
So be focused, be determined with your goals and have a winners mindset, this will take you a long way.
Your Business Model
How will you make money? This is the key to your success. If you want to make money online, there are many different ways, i.e. digital marketing, virtual assistant, affiliate marketing, freelancing, Online retail store, etc. Some models give a better and higher return as compared to others but you need to be crystal clear about this so you can implement it effectively in your business.
Invest in Yourself
The truth is if you want to make money you have to spend some money as well. Invest in online courses, webinars, and eBooks and tools that will help you prosper in the online business world. Yes it’s a low investment as compared to any other business, and I you are beginner you would actually be looking for free solutions to most of your problems.
However I would seriously recommend you to treat your online venture with a lot of seriousness. Dedicate the right amount of time and resources as required by any other business, treat it well and one day it will pay you off.
Diversify your income streams
Never put your eggs in one basket. Any kind of business you do, you should never be dependent on one income source. I would recommend to have at least 4-5 income streams. This way you will mitigate your risk of loss and increase your income.
Online Entrepreneurs with High Incomes
Following is a list of ambitious successful online entrepreneurs who are making crazy money online with blogging, freelancing, mentoring etc.
One of my biggest inspirations is Melyssa, back in 2013 she was teaching english in Tokyo and now she is making a MILLION DOLLARS per year through her online courses, webinars, affiliate marketing, eBooks and much more. She teaches aspiring entrepreneurs A-Z about starting and growing a business.
Michelle is the mastermind behind this amazing blog. She started her blog in 2011, and has achieved numerous awards from the online community. Her average monthly income is $50,000 only from affiliates. She writes about personal finance, freelancing, avenues to generate extra income and lifestyle in her blog.
Have a look at her income report and get inspired She also teaches an online course (Making Sense of Affiliate Marketing) on how to use affiliate marketing like her to make money online. I recently took her course and I must say Michelle has a lot of knowledge and an excellent way to communicate that knowledge on to her readers.
Then we have Harsh Agarwal from Shoutmeloud. He started his blog in 2008 and has made quite a name for himself. He has more than a million subscribers is earning a handsome amount of money from his blog. Here is a looking into his income reports. Shoutmeloud talks about different tips & tricks on how to make money online, generate traffic, start a blog/website, SEO (Search Engine Optimization) tips and anything you want to know about in the blogosphere.
Carly owns this website, which talks all about mommy tips, personal finance, blogging tips and lifestyle. She started her blog in 2016 and is making an average of $5000 a month and we see her taking this income to a lot more. She has also written a book on Pinterest strategies which has gone really viral. Her book covers every essential topic related to increasing website traffic with Pinterest and how she uses manual pinning method to do that.
Suzi is the mom behind Blog by Number, who talks about blogging opportunity for other stay at home moms to make money online. She also started the blog a year ago and is now making +$11000 per month. Her blog covers everything and anything you need to know about blogging. How to start a blog, make money online, how to be productive, she has even introduced an eBook for aspiring mom bloggers.
The genius behind this amazing website is Pat Flynn. He teaches about various strategies for running an online business, make money online & earning passive income. Pat started this journey is 2008, his goal was very simple to help people make money online. He makes a whopping $100000 a month through podcasts, webinars, products and his blog.
Pat calls himself the crash test dummy for online business. He shares his valuable insights with his followers so that they can learn from him and get success.
To be honest I can share hundreds of examples of people making a great deal of money online and achieving astounding success. However the key to their success lies in their effort and hard work. Keep your mind focused, be patient, learn and share. These are my tips for me and for you to be successful.
I have mostly shared the income reports for bloggers making money through affiliate marketing, Google ad sense & online products (eBooks, Courses). This doesn’t mean you need to be a blogger to make money online. There are many other ways you can make extra income online.
Have a look at:
The reason I wrote this post was to encourage all the people who have been procrastinating for years, thinking whether should they start their own blog or not, will it be a success, will they ever make money online or not. Honestly I cannot guarantee any of this, no one can, even if someone gives you the entire guidelines they followed, they can’t promise you anything. It all comes down to you, your passion, determination and hard work.Wishing you luck for your future endeavors and I hope you can find your financial independence soon.