Now I know what you must be thinking.
Not another make money online blogging tutorial.
Yes, I understand that millions of websites promise to teach and show you how the 1% make passive income blogging that the very thought makes you roll your eyes and laugh because you’ve heard it before.
Well, here’s how this article will be different.
It’s Not a Tutorial
Welcome to my first “Projects” post, where I show you my plans and ideas to generate passive income online, so you can either be inspired and mimic the things I’ve learned along the way for your own business goals.
Think of it as a case study where I show you the journey of whatever venture I get into from start to finish. You’ll see the success and failures, so we can see what sticks and what doesn’t. Or do it better.
I say “we” because I’m in the same boat as you. I’m here to make a living online and turn that financial freedom dream into reality.
Now I don’t claim to be an expert or guru in making money online, but I know it’s possible just by accomplishing these three things alone: time management, consistency, and patience.
How to Use Your Time Wisely
Time is your most valuable commodity. You can have all the money in the world, but you can always have more money. But it’s not the same with time. Once it’s gone, it’s gone, which is why it’s so valuable.
When it comes to making money online or tackling any business venture, you don’t want to waste time taking action.
Do you have an idea? A vision?
Just go for it!
But have a plan.
I know it’s easier said than done, but you plan to fail when you don’t plan accordingly.
I’m assuming you currently have a 9-5 job but desperately want to leave it for the passive income dream, so you don’t have to trade time for money anymore, be able to spend more time with family, travel the world, or just enjoy life.
When you still work a 9-5 (and you should), time management becomes even more critical; otherwise, your business will fail, and you can forget all of the above goals.
For many of us, we typically work 8-10 hours per day. I know that’s not the same for everyone, but this is the standard work schedule. You can already see the amount of time you spend making money for someone else. It doesn’t make sense, does it?
Whether you’re blogging, doing Amazon FBA, have a YouTube channel, etc., focus on just one venture for now. Use up to three hours per workday and at least eight hours on Saturdays (more is better) to build these ventures until it replaces your current income so that you can leave your job for good.
Because the next step after leaving your job, I want you to replace your 8-10 hour workdays with your online business instead until it becomes passive income.
I’m not going to put a time frame on when this will happen because it varies for everyone, from how motivated you are and the type of business you chose to how much time you devote to your business.
But if you insist on having an idea, two years is a realistic time frame to create a decent, passive income online. It’s not guaranteed, though.
Move on to your next venture only, and I mean only when your previous one makes a steady income or sold it to the highest bidder after some success.
This method keeps you from taking in too much at one time, causing you to give up because you’re overwhelmed. Most fail during this phase. Make sure that isn’t you.
Stay the Course, No Matter What
Consistency is the key to a successful online business because 99% of beginners fail by not seeing it all the way through. They either give up too quickly or quit during a phase in their business just before it finally takes off.
No matter how many times we say that you can’t get rich (let alone make a few dollars) overnight, beginners will still insist they could and get disappointed or give up when they don’t.
As I mentioned before, there are just too many anomalies and factors that go into running an online business that you can’t expect results right away. Instead, focus on realistic outcomes and build your business one day at a time. You’ll eventually see the fruits of your labor and be glad for it in the end.
If you still insist on making money right away, this method will make it possible, but it still won’t make you rich or replace your current income.
Just understand that building a business is just that – and building anything takes time. With that said, let’s segway to my final piece of advice:
Play the Long Game
Have you ever watched the old Looney Tunes episode of Bugs Bunny racing the turtle? Bugs is obviously the faster of the two, but in the end, the turtle won the race through patience and a steady pace.
This is so true when it comes to blogging. Even though I can write well, it’s not one of my strengths. And it’s the same way for many of us. This issue can easily be a deterrent to creating a blog or even to get started. But it is a profitable income stream if you are patient at it.
Of course, content is king and Google, no matter the numerous algorithm changes, will still prioritize content over a beautiful blog or the number of articles you post. So if you create quality content, while applying everything in this article, then you will have a profitable income stream in blogging.
As a blogger, you can see income within six months, two years, or longer. These timelines are not typical, and they’ll test your patience and resolve; but you’ll win the race if you manage your time wisely, stay consistent, and have the patience to see it through.
Share Your Thoughts
I just gave you my top three pieces of advice for building an online business and becoming successful at it. Of course, this is all well and good if you believe in yourself and apply what you learned.
Nothing will happen either if you don’t take action.
One of the reasons why I created this blog is to inspire and motivate you to take action in any online business venture you start. This Projects section of the blog will show just that, and if there’s one thing you can take away from this site or focus on, always check this section. It will help you the most.
Have you encountered any issues with time management, consistency, patience, or all the above? If so, what were your strategies to mitigate and move forward? Leave your comments below.