Relying 100% On Online Income
- 9 Comments... What do you have to say?
All of my income comes from the internet. To some people this could be a good thing, or a bad thing. It all depends on how you look at it. Before we go into talking about the pros and cons of online income you need to decide when it is a good time to rely 100% on online income. This was an easy decision for me. I was working at the mall and when I started making more money off the internet I decided to quit my job and do the internet full time. Because if I was making more money than my day job only doing the internet thing part time I would make even more doing it full time. You have to decide when it is a good time for you to call it quits. It all depends on your expenses and if you are making that plus more each month from the internet.
The Cons
The next thing that sucks is if your traffic is low you make less money no matter how many hours you put in that month. So if I work my ass of this month and traffic on my sites are low I will make less than I did last month. At an ordinary job if I work more hours I get paid more…well usually unless you’re on salary.
Just like the net payouts advertising companies have a set amount of money you need to earn each month in order to receive a payment. It is usually $25-$50, but some are $100. I really do not have to deal with this problem, but if you are not making much you won’t get paid until the next month’s earnings have been calculated. Your earnings from the previous months are added on.
Finally the last downside to relying 100% on online income is that you are your own boss. Why is this is a bad thing? Well most of us are used to being told what to do. We go to work and there are things we are told to do. When working for yourself it is hard not to become lazy and it is even harder to keep on task. I have had this problem many times. Then when I get my Google money in and see how low it is I get motivated and get back on task!
The Pros
I would say one of the best things about working for yourself and getting all your income online is that you don’t have to put up with a shitty boss. I’ve have some very crappy boss’s over the years and I’m glad I don’t have to answer to anyone except for myself. But as I said above being your own boss can be a bad thing too.
What’s great about most of the online advertising companies is you can see how much you are making. Unless you are on salary you really don’t know how much you are getting paid at the end of each month at a regular job. You may have some idea, but you are never sure. Each month I know how much I’m getting in.
With making money online the limits are endless. Working at a normal job you are on salary or get paid per hour so there is a limit, I mean there are only so many hours in a day. Some people have made more than I make in a year in just 1 month! This does not mean if you work more you will get paid more though!
You can work from anywhere there is an internet connection. I love this! I don’t have to worry about missing work because I can logon to my sites as long as I have an internet connection. So going away on vacations is not a problem as long as where we are going has an internet connection.
You are always making money. If you are running websites they are always making money for you. You can be sleeping and your sites are making money, well as long as they have ads on them!
So those are some pointers about relying 100% on online income. Believe me I enjoy working for myself and not having to deal with a boss. Hope this article was helpful.
- Posted in: Ramblings, The Net
- Subscribe to RSS
Thanks Bob for that awesome testimonial. It’s great to see into and learn from the personal experience of others.
Our post-modern culture is proving to be unfriendly to traditonal jobs: ie; the factory, the large company where you work for 35 years and retire well. It’s becoming increasingly clear that the creative entrepeneurs are the ones who find the most stability in today’s world.
I’m a public school teacher but I make a little money online. I haven’t made anywhere near enough to quit teaching, but then again I wouldn’t want to quit my career, I love it.
To young start-ups out there, I would say to get your education while you experiment with the online stuff. It’s not impossible to make it online without a degree or good career waiting in the wings, but it’s a good idea to have it to fall back on. You may even find that the intenet money serves you better as a side income. This is just my personal experience, take it for what it is and nothing more.
Great reading for someone starting up , did you have any things you did then you would never do today with the experience you have now ?
I think another con for 100% internet based income is the fluctuation, your traffic might suddenly drop, you are banned from search engine, ad network etc and ultimately the site crashes or the internet goes through recession.
Sure normal businesses go bust everyday, but its much easier to find another job. Additionally with online sites, you usually invest great amount time and effort if your sites crash most of the work and potential is yet to be turned into profit, whereas with companies that go bust you are usually payed for the time you worked.
This is where some seriously good savings and money management would come in. I would expect that any one who quits would have enough money to survive for at least 6 months (preferably more) should their internet income suddenly stop due to a change. This would then give 6+ months of time to either look for work, or build traffic back up.
Living right on the edge is bad.
yeah that is a good point. Enough money to pull you through in case something happens
You forgot a con… benefits!! Working for the man gives you some awesome benefits that would cost hundreds of dollars a month. Full Health, Dental, Eye, Life Insurance, 401ks, and other perks. You don’t get all that working just online.
wow not sure how I forgot about that. Yeah its a pain in the ass paying for health care and such
Thank god for living in Sweden , even if I had my own business I would just pay the taxes and everything is still cheap for me , dental, health etc.
The benefits you talk about really prooves to be a crap system in my eyes. Here everything is eligble to get all these things without having a gppd insurance or job.
You are a lucky person being able to ‘live’ off the money you make online. One of my main goals is to not have to work (ever in my life) and make most of my income from online businesses. Hopefully by the time summer is over and school starts off I’ll be generating enough income to sustain my daily living expenses.
How long did it take you to realize that you could make more money on the internet than working a real life job? Also how long did it take you to get to this point?