How To Make Money Online (Backed By Results)
There are many methods to make money online and I have personally tried about six different ways of doing so. My favorite method is to build an actual business. I prefer building my own business so I can travel, make the world better, and help people. Before you get into the making money online mindset, you need to be prepared to commit at least 20 hours per week.
Building an online business
Building an online business is pretty much the only way to make money online. There are other minor ways to make some money, but the odds of success are very low. An online business can consist of making YouTube videos like PewDiePie and getting paid on advertisements. An online business can involve getting company leads online and selling the companies services. You can get on Instagram, build an audience, and sell them supplements. Your online business can even be contacting people on Instagram and getting them to promote and help sell your supplements.
What you need to start
All of these businesses can involve a significant time investment. I have several videos on how you can exactly sell your services online, what to sell online, and things of the nature. Before you get into business online you need to first free up your time to work on the business by quitting your current job or cutting back full-time hours to be part-time at your current job.
You should also maintain a buffer of money if you quit your job in case your new online business fails. If you quit your job and do not have a buffer of say, $5,000-$10,000 and your business fails for almost a year, then you are broke and you will need to go back and get a job. If you have the buffer, then you could have up to a year of being able to live low-cost. You may find yourself sleeping on a couch if you need to keep costs down, but you are going to have enough money to eat and take care of emergencies. The goal here is to free up your time.
Make some sacrifices
When you have more time to spend on your business, you need to focus 100% of that time onto the business only. If you have a part-time job still, you may only be able to spend about 50% of your time on your online business. If you focus 100% of your time on building your business this means you will need to ignore any obligations that are not critical.
For example, if a buddy of yours is getting married in Hawaii and you need to take two weeks off for travel and the wedding, you are going to have to decline the invitation. You will have to miss some weddings and birthdays, but if you have children this does not mean you can skip out on them. Skip out on everything else that is not super important or urgent. If your friend calls and wants to hang out you will need to schedule them in at a time that is convenient for your schedule. If your mother wants to talk to you several times per week, schedule the calls into your schedule. Do not allow people to interrupt you anymore.
Focusing all of your time into your business means focusing only on your business. When it is business time, turn your phone off, do not use Facebook, and your focus is directed only onto one thing. If you do this at least 20 hours each week – 40 hours or 60 hours are best – then you are going to eventually get real results. This can take weeks, months, or even years for some people so prepare to be patient. Generally speaking, the people I work with typically take about three weeks to get their first sale. When I started my business all alone with no help it took much longer. It took me almost two years to not get my first sale, but to become profitable.
For you, I would advise you to get mentorship to learn what to do, to learn which business model to follow, to hustle, get accountability, and to get a group of people around you who are supporting and helping you. However, once you are doing this it needs to become the most important thing in your life. If you cannot commit to having it become the most important thing in your life, it will be very hard for you to succeed. The rewards are awesome and are there, though. Once you have a business that is doing well, you can travel the world and distribute your time how you want to – as long as you still contribute enough time to maintaining the business.
Later on you may only need about 60 hours per week to tend to your business, but at first you need to invest the time. It is totally worth it as you will have more wealth, success, safety, and your family is going to be better off in the long run if you focus on building a business. You are going to have to make sacrifices in terms of time. You are going to have to schedule friends into your schedule where they only get 2.5 hours per day for example, compared to 6 hours randomly where you get drunk. You are going to have to schedule in sleep so you don’t go to bed at 7am because you went to a party.
It is worth it
Scheduling everything is OK because once you are an entrepreneur and your business is going really well, you can do whatever you want, go wherever you want, meet whoever you want, and can buy almost anything you want. To start making your business successful you need to start hustling and start setting priorities.