What would you do with some extra income? Retire sooner? Take an extra holiday? Buy a new set of golf clubs? Give more money to your favorite charity?
As I write this I have been self-employed for 17 years. I have had some good years, and some tough years, but in general I prefer 'being my own boss', as it gives me a feeling of flexibility and control, and I get paid according to my effort. It can be much harder to make a living as a self-employed person than as an employee, but if you are willing to be disciplined, and 'get rich slowly', there are a few approaches that can work very well for a person who wants some extra income.
The three best bets, for my money, are:
The Internet is unquestionably the most powerful communication tool the world has ever known. It is also a very powerful marketing tool, if you know how to use it.
In the early days of the net (and still too often today), techie people got all excited and made all kinds of claims about the power of web sites to reach people, sell stuff and get rich. 'If you build it, they will come in droves' was the idea.
Of course it was wrong. 99.9% of all websites get little or no traffic, are never found on search engines, and bring in NO money for their owners.
HOWEVER, there are ways to make money with a website. Sometimes LOTS of money, if you know the simple principles.
Principle #1: People come to the internet for Content. They do not come looking for you. Ergo... give them what they come for. Build a high-content, theme-based website, with LOTS of information about whatever it is you are excited about (product, service, hobby...).
Principle #2: Your theme-based topical content ranks high at the Search Engines, attracting free, targeted TRAFFIC... interested, open-to-you visitors.
Principle #3: Develop trust and confidence ("PRE-sell") by OVER-delivering relevant, original, high-value information to these motivated pre-customers.
Principle #4: Then, and only then… it cannot happen if you fail to first execute Content-Traffic-Pre-sell... MONETIZE your warm, willing-to-buy visitors in various ways. Sell hard goods, e-goods, your personal or professional services... or all three. Or become a "pure infopreneur" and earn substantial income without selling at all, through Google Ads, affiliate fees, finder's fees and other techniques. Then diversify into multiple streams of revenue to maximize income, growth and stability.
There is no magic formula for getting rich quick on the internet, but if you take your time, use the right tools, and build a properly-designed site, you could have a nice steady passive income well into your retirement years, and have some fun while you are at it.
As I mentioned, I have been a big fan of the internet almost since it started becoming available to us regular folks back in the 1980s. I have looked at many website packages over the years, and studied what it takes to create a successful site.
The best package, hands down, is
This package (which is the one I use for this website) does SO much more than just give a space on the net. You can read about it by clicking on the link above, or get a quick 2 1/2 minute look at it here:
If you want just a bit more information, here is another 2 1/2 minute look at how an SBI site could help you build extra income (passively, so you make money while you sleep!):
Here are just a few of the features that come in the Site Build It! package:
Since I built midlife-men.com a couple of years ago, my traffic has steadily increased without me having to do any of the tedious things a webmaster normally has to do such as registering and continually updating my site with the various search engines, and doing continual research to find the best keywords (the Site Manager does that for me with just the click of a button).
There are more features I haven't even mentioned, but you get the idea... you can get a fast step-by-step demo of how SBI! works by going to the Quick Tour Slide Show here: http://quicktour.sitesell.com/ Not sure what kind of hobby, or product, or business you would want to build on the web? Here is a list of hundreds of successful SBIers... http://results.sitesell.com/ with every kind of website you can imagine.
And for an in-depth look at how some people have created their sites, and what they are doing with them, there are some case studies here: http://case-studies.sitesell.com/ And here is one more thing. If you want to hear Site Build Its 'inventor', Dr. Ken Evoy, you can listen to this radio interview that callers from all over the world tuned in to: http://seminars.sitesell.com/ And one last thing... if you want to compare SBI!s' feature set with Yahoo! Web Hosting Pro, Verisign Web Business Expert and Microsoft bCentral Professional, you'll see the difference is striking... http://compare.sitesell.com/
Alright... enough about Site Build It! As I said, the internet is one of the most powerful tools we common folk can use to build some extra income, and Site Build It! is the package to use. Site Build It!
Now, here are few other goodies to help you think about what you might want to sell on the net.
Ken Evoy has created a series of Masters Courses for building a business on the net. Don't let the fact that they are free fool you. These courses are phenomenal resources! If you want to make money as an affiliate, I particularly recommend the Affiliate Masters Course , scroll down and read about the various courses, and download the Masters Course (or Courses... you can download them all if you like). Then, and this is where you succeed or fail... READ THE COURSES AND TAKE ACTION! Just downloading them doesn't do it :-)
Now, one more thing...One of the very best ways to make money with a high-content website is to create an e-book. Don't know where to start? Start with the
FREE Infoproduct Masters Course.
Here's what Dr. Ken Evoy, who created the masters course, says: "What's the most important part of Web marketing? Just about every marketing guru agrees... it's having your own proprietary product. And here's the good news... That product lies somewhere within you... but you're "too close to see it."
"This course shows you how to brainstorm, create, produce, and sell your very own infoproduct online... .... all in a mere 10 days. Follow this course and you will be selling an infoproduct online in just 10 days. Really."
Click here and send a blank e-mail to receive The InfoProduct Masters course... It's an intensive 5-Day e-mail course on creating, producing and online-selling your very own infoproduct.
Special Note: Be sure to put 'MASTERS' (without the quote marks) in the subject line. They get a lot of spam, and if the subject line does not have MASTERS in it (in capitals) their spam filter will eliminate it.
Ok. I think that gives you enough about building a web business to know how to get started. Now let's look at the second way to build extra income...
Also known as Multi-Level Marketing, or MLM.
According to Michael Gerber, in his book
The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It, there are two 'turn key business models' available today, where the new business owner simply learns the systems, and takes over: Franchises, and Network Marketing.
Franchises cost a great deal of money (typically a million dollars and up), but network marketing doesn't, so I will concentrate here on network marketing.
Network Marketing is simply one of many marketing models. Retail is another, direct marketing through catalogues or 'junk mail' is another, travelling sales reps is another, and so forth.
The advantage of network marketing for the average person is:
If you are diligent and business-like, you can make a LOT of money.
That being said, the usual approach to marketing used by the MLM industry DOESN'T WORK.
BUT, the conventional marketing tools and techniques used by every other industry work just fine in network marketing!
All you need to know is how to use them.
Here is a place to start. Ann Seig has made a LOT of money in network marketing, and has helped literally thousands of other people do the same. Even if they know nothing about marketing, or the internet.
Go here to get started. You'll be glad you did. The Seven Great Lies of Network Marketing
One of the best ways to build a successful network marketing business is to build a high-content theme-based website focusing on the product(s) you are selling. You can read more about the concept here: http://networkmarketing.sitesell.com/ .
(I use Sitesell for my www.midlife-men.com site. As I mentioned before, it is BY FAR the best web business package I have ever seen.)