Many say that it’s no longer possible to get rich on the internet. These doomsayers are nothing more than misinformed, pessimistic individuals that don’t really know what they’re doing. Making a living on the internet, and getting rich, are two totally different things. Before you can find out if it’s possible for you to make money on the web, you need to define what “rich” means to you.
What’s Your Definition of Rich?
Do you want to make $1,000 more per month? What about $1,000 per week, $1,000 per day, or even $1,000 per hour? There are people who have used the internet to make a lot more money than that. In order to plot your own path to that type of success, you need to understand what your next step should be.
How much do you earn right now? If you’re an average person you’re earning about $45,000 per year before taxes. So, for you, getting rich on the internet could mean one of two things:
- Making $45,000 per year and spending less time working
- Making more than $60,000 per year
Of course, you can only choose one of these based on your overall goals. If you make more than the average American, then of course, your numbers would look very different. Remember, everything matters only when taken from your point of reference.
What Do You Hope to Accomplish with Your Life?
This is the second part in the process of figuring out whether or not you can make a living on the web. Do you want to bring home more money so you can buy nice things for your family, save up for a down payment towards a house, or to eliminate your debt? Then you should focus on using your web business to generate additional income.
Don’t abandon your regular job at first – instead, find an opportunity that you can work at part time, in the evenings. Just remember to keep your friends and family in mind, as they are what are most important, and running a side business can eat up all of your free time.
Maybe you want to have more free time to spend with your loved ones, or to pursue hobbies. If so, then you should aim to match your current salary with your web business, but reduce the number of hours you work each week. It still makes sense to start your business on the side, at least until you figure out how everything works.
What Can You Expect to Earn?
What you can expect to earn with your online business really depends on what you decide to do. Some people start their own websites and monetize them with ads. Other people sell affiliate products. Still, others offer their services as a freelancer. There’s really no limit to what you can do with a web business.
You definitely want to get familiar with topics like SEO, social media marketing, internet marketing, online commercial intent, blogging, and keyword research. All of these will prove helpful, if not absolutely crucial, in starting your own online business.
The amount of money you have saved for this venture will also determine what you can do. If you’re not sure how to start your online business, but you want to quickly establish a passive stream of income you should hire a guru. Rates for internet marketing gurus start at about $50 per hour, and can be as expensive as $10,000 per session.
Working with a guru, though, will help you develop the blueprint that will put you on the fast track to making serious money on the internet. These are experts that have done it before, and have helped several other clients do the same thing.
The best guru’s are always expensive, but expensive gurus aren’t always the best. Thoroughly research any guru before you jump on board with their program. If you can’t find anything impressive, then this guru might not be worth your time.
If you find anything negative you might want to look elsewhere. You won’t get rich on the internet if you’re throwing away $2,500 on a guru that doesn’t know what he’s doing.