Have you been searching for ways to make some extra money from home or even replace the income that you earn from your corporate job?
If so, this means you understand and have fully accepted the reality that we’re living in an unstable economic climate.
Government, state, and city workers have now come to the realization that their once-secured jobs are no longer guaranteed.
You may even know some people who have been laid off and or furloughed from various positions in those sectors.
This unstable job market is a sign of the times and is the result of the restructuring of the corporate job infrastructure.
This restructuring includes, but is not limited to outsourcing, automation, and the implementation of the Skeleton Crew workforce.
There’s no shortage of ways to make money working from home.
I could provide you with a list of hundreds of opportunities that would only leave you feeling overwhelmed.
And a confused mind leads to indecisiveness, frustration, and inaction.
Instead of focusing on an endless list of the type of money-making opportunities and simply choosing one just to earn some extra income, I suggest that you take a more intelligent approach that’s not talked about as often.
Don’t get caught up in all the hype being promoted on the Internet, because most of those money-making systems including the software don’t work, plain and simple.
The makers of these Get Rich Quick programs have mastered how to prey on the emotions of those that are desperate to make some extra money and have tried multiple opportunities in hopes of hitting the Internet jackpot.
Unfortunately, what most of these marketers don’t tell you is that you must approach a money-making opportunity with a strategic and focused mindset before you make a single dollar.
Otherwise, you’ll continue to drop what you’re currently working on to chase every business-in-a-box system that shows up in your email.
We call this phenomenon the Shiny Object Syndrome.
You’ll never gain any momentum if you jump from one thing to the next.
Focus is the key because making money is a thinking person’s game, period!
If you’d like to increase your chances of making money from the comforts of your home, continue reading because I’m going to provide you with a simple framework that you can use to build upon, which can finally lead you to success.
Are you ready for this practical approach?
Let’s dive in…
Research Various Business Models
I already mentioned that there’s a laundry list of work-from-home business opportunities that you can choose from.
Before you decide upon the method you’d like to use to earn some extra income, you should ask yourself the following questions…
- Is the business model proven?
- Will I enjoy doing this type of work day in and day out?
- Will I have to work more than 5 to 8 hours per day?
- On average, how soon can I potentially turn a profit?
- On average, how much money have others made?
- How much money do I have to invest initially?
- How much will my monthly operational cost be?
- Why do I want to start a home-based business?
While every one of those questions is significant, knowing your reasons WHY you want to start a home-based business is the most important.
The two biggest reasons why most people start a home-based business are:
1)) Financial Freedom
2)) Time Freedom
If you choose the wrong business model, you could end up owning a job working around the clock with no free time whatsoever.
I don’t know of anyone who wants to work 16-hour days and miss out on spending time with their family and friends, because they understand that we only live so long.
They know that life is about creating great memories with those we love, and an excessive work schedule doesn’t allow time for this to happen.
The best and most affordable way for you to create both financial and time freedom is to choose an online business model.
Because you don’t have to worry about the high overhead costs of running the typical brick-and-mortar business.
Businesses that require a physical location come with several expenses such as the lease, utility bills, employee wages, insurance, and the list goes on.
Not to mention the longer start-up time.
With an online business, depending upon the model, you could be up and running in less than a week for a fraction of the cost of a brick-and-mortar enterprise.
No matter what anyone tells you, there are 8 Proven And Time-Tested Ways To Make Money Online:
WAY #1: Email Marketing
WAY #2: Affiliate Marketing
WAY #3: Publishing Kindle e-Books
WAY #4: E-commerce Stores
WAY #5: Create And Sell Information Products
WAY #6: Create Online Courses
WAY #7: Blogging
WAY #8: Membership Sites
Related Article: 10 Best Ways To Make Money From Home
As I mentioned earlier, there are countless ways to make money, but why waste time and your hard-earned cash trying to figure out what the best business models are?
I’ve just handed them to you on a silver platter.
Choose One Business Model
The lack of focus is another big reason why most people never become successful in their home-based online businesses.
In order to make money working from home, you have to stick with one business until you start generating revenue because it takes time and effort.
Here’s one of my favorite quotes…
“The Only Place Where Success Comes Before Work Is In The Dictionary.”
Even if you’re provided the exact step-by-step blueprint, you have to go through the process, which usually involves making a few mistakes, and making adjustments.
That’s just the way it is, and if the money-making system product creator is honest, they’ll tell you that.
You must choose one business model so that you can gain traction, which produces momentum.
When you jump from one business opportunity to the next, you’re essentially starting over and over again.
If you wanted to develop lean muscle mass, commonsense would tell you that this goal can’t be accomplished by working out once per month, right?
This same principle applies to creating success in your business.
Another downside to starting multiple online business models at the same time is all of the different subscription services you’d have to pay for either on a monthly or yearly basis to run your operations which could add up to hundreds or thousands of dollars.
When you’re spreading yourself so thin by running multiple businesses simultaneously, especially as a solo entrepreneur, you’ll most likely end up making no money at all and eventually burn out.
In that scenario, the only people making a fortune are the companies that you’re paying the subscription fees.
These fees can include website hosting, email autoresponders, social media posting services, opt-in page providers, and several others.
Do yourself a big favor and choose one proven business model to save yourself from wasting time and money.
Model Success To Shortcut The Process
Earlier, I listed the 8 Proven And Time-Tested Ways To Make Money Online, which I highly recommend that you make your selection from.
You simply can’t go wrong with business models that have worked for decades and will continue to make fortunes in the future.
The key to making money with them is to model the systems of those who have already consistently produced a significant amount of wealth and remain in the trenches in order to stay current.
Benefits of investing in a proven money-making system:
- Reduce the trial and error learning curb by 5, 10, 15, or more years
- Shortcut your way to success
- Can ask the system creator questions when you get stuck
- Save thousands of dollars not investing in unnecessary tools
- Gain access to the group associated with the system
- The people in the group can help you remain focused and encouraged
- And much more
If you purchase the right money-making system and follow through, your investment will be well worth it.
Automation and Outsourcing
When you start consistently generating profits from your online business, you should look into automating and outsourcing as many non-revenue-generating tasks as you can.
So that you can free up your time to focus on activities that have the potential to make your business more profitable.
For example; implementing ways to grow your email list, selling more offers to your subscribers, getting more visitors to your website, and other money-making strategies.
Some online business models are more complex than others, but regardless, you want to take the position of being a business builder and not waste time doing admin and maintenance tasks, because they don’t directly make you money.
You should outsource the tasks that you’re not good at, because you want the highest quality work possible, especially with all the competition you’ll have to go up against.
Examples of Tasks You Can Outsource:
- Content creation
- Customer support
- Email list management
- Basic project management
- Graphic design
- Website maintenance
- Product creation
- And many more
If you’re not making money from the things you do in your business, you’re simply doing busy work and could end up easily confusing that for making progress.
Fortunately, when it comes to online business models, automation is easy because there are software tools both downloadable and cloud-based that can handle most of the tedious work for you such as email autoresponders, opt-in page builders, social media posting services, and so on.
Automation tools for online businesses can do the work of several people, which gives you a lot of leverage.
One of the purposes of automation tools is to provide you leverage, which is absolutely necessary if you’re a solo entrepreneur, especially when you’re just starting out.
In the beginning, you’re typically wearing all of the hats in your home-based business because you may not have the income to afford to outsource some of the tasks to others.
Automation tools provide you the solutions in the form of leverage to help you run and grow your online business.
The ultimate goal of automation and outsourcing is to allow you to work on your business and not in it doing the day-to-day tasks.
Learning how to make money working from home can be very difficult to achieve despite what the marketing gurus tell you.
If building a successful business was easy, everyone would be doing it.
Especially in today’s unstable economic climate.
It’s getting to the point where building an online business is becoming more of a necessity rather than an option.
People are losing their jobs left and right.
Others have to frequently switch their professions and get into more student loan debt as a result.
Pensions are all but non-existent in today’s workplace.
You have two choices…
1)) Stay on the road to financial destruction and end up with no money to retire on
2)) Be proactive by starting an online business
The purpose of my article was to provide you with some simple concepts that you should use as filters to help you decide what type of home-based business to start from a perspective that’s not talked about as much.
If you’re interested in starting a successful online business, you must choose a proven money-making system.
Otherwise, you’ll most likely get ripped off by the countless business opportunity scams floating around on the Internet.
If you want to create financial and time freedom, and lasting memories with your loved ones, you must make your decision to build a home-based business today!
Good luck on your journey!