When it comes to making money online the old adage that “time is money” does apply – but not in the traditional sense.
The Internet is anything but traditional. This phenomenal medium has forever changed the way the world communicates and does business.
It offers regular people the opportunity to make more money than they ever thought possible while spending less time doing it.
Most people in the work force are paid to perform tasks within an established time frame. An hourly worker will get paid a set hourly rate to do their job. A salary worker will get paid a set weekly or monthly rate. The longer it takes them to do their job the more it costs the employer. Their time costs money.
The employer in this instance is leveraging the time and effort of the workers so that he can make more money and do other things with his time.
The Internet offers you the chance to also apply leverage – but in a much better way. You can work less, and make more money, by leveraging the “always on” automated reach of the Internet – without having to pay employees.
There are approximately 1.6 BILLION people using the Internet in the world. And even that staggering figure is expected to increase as the Internet is made more accessible to more people. This represents a huge opportunity.
Yet many people do not realize this very real profit potential, are not “business” minded, are “afraid” of technology, or are just plain lazy.
There is no doubt that other people from around the world do see the opportunity and have the same idea that you do about making money online. They want to make a lot of money but not spend a lot of time doing it. You have a family and things you want to do and so do they. So there will be competition.
But the “pie” is plenty big enough. Even if you take a very small piece you could make a lot of money on the Internet.
And the knowledge you need is right at your fingertips.
Follow these few tips to get started and remember to focus on making more while spending less time doing it:
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Learn what is needed. This may seem like common sense but it is amazing how many people believe that there is a magic switch that will flood money into their bank account with no knowledge or work. Do your research. Decide what YOU want to do to make money online and then learn how to do it. The Internet has tons of available information. Just be practical and learn one lesson at a time.
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Work Smart. You have to understand that money doesn’t make itself. It requires some sort of effort on your part. You may not have to work 60 hours a week or even 20 hours a week, but making money online does require work. Focus on opportunities that offer recurring income. That way you can do the work one time and keep getting paid. Keep doing that and you will make more and more money while working less.
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Manage your time wisely. Develop a schedule for the things that need to be done for your business. Much online work involves promoting your business. Find marketing methods that work for you, while you are doing other things, and fine tune them for maximum efficiency. If you want to work on creating links to your website for about four hours one day, so that you can have a picnic with your family, then do it. Remember, those links will be working for you as you go on your picnic.
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Keep the Balance. One mistake that many people make is that they think they have to devote all of their time to their business. They are afraid that if they don’t, then making money online will become impossible for them. They think in the old way about “time is money”, so they spend all day, every day, working on their business. Take a break. Have some fun. You need balance in your life or it will affect your ability to concentrate on your business. And worse, you will miss out on one of the main reasons you chose to make money online – spending more time with your family.
There is a lot of money to be made on the Internet. You can make it a part time venture or a career. It is totally up to you to decide.
But making money online is the “new way” to make money and one that doesn’t cause you to work your life away. You will still be able to save for retirement, go on vacation, and pay for your child’s college education. But you will be able to do it from the comfort of your own home – or from anywhere in the world – and save time doing it!