Have you ever seen the television programs that detail the art of “house flipping?†Generally speaking, people purchase homes for a low cost, fix them up, and then clean up big time when they sell a few months later. While this is not the way that the process always works out, it is the basic gist.
Over the last couple of years, this phenomenon has been brought to the internet. Internet entrepreneurs are buying websites with potential, and then selling them for a large profit after making some changes. Again, this is not a sure thing, but a great way to make some money if you have the proper skills.
While I could go into detail concerning this process, you would be much better off reading Yaro Starak’s post on this at Entrepreneur’s Journey. His post touches on everything from the fun of flipping to what to look for when buying.
If you are searching for a way to make money online, why not look into flipping websites? It takes some time, skills, and money, but just like real estate, the payoff can be huge in the end!
There is no denying the fact that I love blogging. Not only does creating content excite me, but I am having a great time learning the technical side of things as well. For this reason, I am thinking about starting a new blog. But as you probably know, this is not something you can jump into without considering all of your options.
The problem I am struggling with now is whether or not I should choose a topic similar to ChrisBlogging, or if I should venture in an entirely new direction.
A similar topic could be something such as the book writing process, freelance writing jobs, writing for magazines, etc. But on the other side of things, there are hundreds of other topics that I could explore. While not all of them would interest me, I am sure I could find a couple that would fit in quite well with my likes and lifestyle.
There are pros and cons of each option. Choosing a similar topic will allow me to more or less build off of the success of this blog. To go along with this, I have plenty of knowledge when it comes to writing because this is what I do for a living. On the downside, this may not give me much of a change, which could get boring in time.
If I choose a topic that is completely unrelated, the fun factor would be quite high; at least early on. After all, it would give me the chance to break away from writing about freelancing, making money, etc. And with this, I think that it could spice things up quite a bit. Facing off against this is the fact that I need to find a topic that I am passionate about, and of course, one that people are interested in.
I am not 100 percent sure if I should start another blog at this time. Do I have enough hours in the day to write and market a new blog? Probably. But with that being said, I do not want to add so much work that my freelance writing career begins to suffer.
Over the weekend I plan on brainstorming some ideas, and taking a closer look at my day to day schedule. Hopefully by next week I will have a better idea of what I am going to do!
The majority of people who start their own business have a couple of things in mind. First off, they want to branch out on their own so they can quit working long hours for somebody else’s good. And of course, they are interested in making money. With that being said, there is one very important question to answer: are you comfortable with your online income?
As a freelance writer, my income fluctuates each month. But as you can imagine, this is something that every self-employed individual has to deal with. I do not mind a fluctuating income, and in most cases, it helps me to work harder in the future. But all in all, I am positive that I will never become comfortable with the money that I make online.
After my post earlier this month about making $5,000 in July through freelance writing, I received many emails asking me how I did this, if anybody can get started, and if I am happy with this income. While I knew the answers to the first two questions, I stumbled on whether or not this income makes me happy. If you are asking if it pays the bills, the answer is yes. But I know that there is much more money to be had.
I think that internet entrepreneurs are a special breed. Even if you are making tens of thousands of dollars each month, it is safe to say that you will want to increase this income in the near future. There is something about making money online that pushes people to want more and more. Some see this as selfish, but I see it as a great way to motivate. After all, money is the biggest motivator in the world!
Overall, I don’t believe that anybody should ever get comfortable with the money that they are making online. If you do, you will stop working towards reaching future goals. And when this happens, not only do you lose the chance to make more money, but you may also find out that you are earning less. If you are always pushing forward, there is no reason that you should be looking back!
