What are the Benefits of Making Money Online?

Is it really hard to make money online part time? It certainly is not going to be really easy, but is anything worthwhile really easy?

Here’s a list of things that are very easy to do vs something that requires more effort:

• Ordering a takeaway pizza vs cooking a tasty healthy meal
• Watching football on the TV vs working out
• Reading a novel vs writing a book
• Playing computer games vs creating a computer game
• Browsing Facebook vs making real connections with people that are “crushing it” on Facebook

I’m going to let you decide which ones are worthwhile and which ones suck time away from us.

 

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Make money while you sleep

Without a doubt, the biggest benefit of making money online is that we can spend time today to pay us over and over again in the future. Jobs require us to trade our time for money. If we have a long-term sickness or do not turn up to work, we cannot make money.

The internet has changed this old fashioned way of thinking about work. We can work in the day and get paid whilst we sleep at night.

Most people get paid based on the number of hours they work each day. Making money online allows you to get paid by the second for 365 days of the year. 

Unlimited potential

Therefore, there is unlimited potential to how much money you can earn online. There are no pay scales and no promotions on the internet. There are just billions of people online with unlimited amounts of money to spend (if you understand the financial system today with quantitative easing [printing money] you will know how true this is).

Small upfront costs compared to most businesses

Making money online should be treated just like starting a business. Most businesses require you to put up a lot of cash to get started, such as renting office space, hiring staff, purchasing goods and stock etc.

Getting started with your online business can be completely free. There are some things that you will need to put in place if you are serious such as website hosting, a domain name (your website URL- e.g. maketimeonline.com) or an autoresponder (a website that collects email addresses and automatically sends emails out for you). However, the costs of these are very minimal compared to most businesses.

No staff required

You literally do not need to rely on hiring, paying and managing staff. This is quite often what businesses will rely on to make them work effectively. You may have a super idea, a great product and vision, but you will always be relying on staff to carry your vision out for you in the majority of businesses (as you can’t be everywhere all the time).

Getting started online requires only one person. YOURSELF. You literally get all of the benefits of the work that you put in and you don’t need to worry about training, providing benefits or managing staff. 

Start Part Time

You can start part-time by putting in an hour a day or a few hours a week. You don’t have to quit your job to start an online business. You can work on it at any time as you don’t need to wait for opening hours and you can write on a word document if you haven’t got an internet connection.

Easy to scale

This is a huge benefit of an online business! There are systems and things that you can do online to make your business go from reaching a handful of people to reaching hundreds of thousands, without changing what you do. Over 3 billion people all over the world currently use the internet.

Autoresponders can send an email to 2 people or 2 million people. There is nothing you need to change to do this, you still just write one email and the autoresponder does the rest for you.

Even though you do not need to hire staff, you can still outsource the work that you do. For example, I am currently writing all of my own content, responding to all comments and advertising my own work all by myself. However, using websites such as Fiverr and Peopleperhour these tasks can be easily outsourced to professionals on an hourly paid bases. 

The above screenshot is the outline of my post, which I do before writing anything. This could be sent to a virtual assistant to expand and write the content for me. You can pay people to reply to comments that you receive and you can pay for adverts to promote your website and “drive traffic” (bring visitors) to your website.

This is when you know you have created a business and not only created another job. There is a big difference and being aware of this difference is what separates the most successful business people to someone that tried and gave up (I bet you’ve heard that 7 out of 10 businesses fail within the first 10 years before… this is a big reason why)

 

But I Don’t Have a Passion

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I have written a post all about how to choose a profitable online niche. The most important part to remember here is that if you don’t have a really strong passion for ONE thing in life, just choose one that works for you.

You do have to be interested in it as you will have to spend time thinking about it and learning more about it. However, an interest is enough to get started.

It will actually work more like this…

Find a profitable interest… make money online… it becomes a passion.

Don’t worry if it’s not a passion right now, get started and it’s almost guaranteed to become one.

You don’t have to reinvent the wheel. Choose something that you can see working online and maybe choose a sub-niche that you can start writing about.

You don’t have to be an expert right now. Let the internet follow your journey and if you stay consistent with it, you will become an expert.

 

Summary

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To sum up, it’s important to remember that making money through affiliate marketing is still a business. It’s not going to be super easy, but as long as you have a reason why you are doing it, then it will be easier to keep going when it becomes hard.

You will never “find the time” to do anything, you have to make time. Set a time each day where you know you will be able to work on your online business. Maybe you can get up an hour earlier, or maybe when you get home from work. It doesn’t matter when as long as you can be productive during this time.

Look at the benefits again for creating an online business. Making money when you sleep, the small upfront costs and the unlimited potential outweigh any negatives of an online business for me.

Remember, that if you are not sure what your niche should be, choose one and start. You can always change or retweak what you are doing to work better for you in the future.

Keep changing for the better,

Mike

 

If you would like to see how I started my online business and what training I am currently using to grow it click here.