howtomakemoneyonlinein2020 Archives

Escape The Rat Race And Live A Radically Free Life!

As you read this article, you might be sitting at your home office desk, working from home due to pandemic Covid-19 social distancing restrictions, thinking and dreaming of living a freer lifestyle, as being seriously financially affected or laid off completely…

Throughout our lives, many of us in the west are told that we’ll be happy if we go to college, get a corporate job, settle down, and work from 9 to 5 for forty years until we retire.

Unfortunately, the reality is that this lifestyle isn’t all that appealing to many people – nearly everyone wants to escape the rat race and change their lives for better, don’t you?!

It’s difficult to pin down the moment you joined the rat race. It just sort of…happened. When you were in college, you probably didn’t have much money. You split the rent for your crappy apartment with roommates, you didn’t have a fancy car, and you sustain yourself on ramen noodles or some other unhealthy fast food option. Whatever money you had left bought you some beer or a dinner out with friends. Yet, most people look back on those days fondly.

*I hope you guys realize, this race isn’t worth winning!*

Then you entered the workforce and started making real money. Suddenly, you needed a nice car to take clients around town and a big house to demonstrate your newfound success. But these things you accumulated didn’t do anything to improve your quality of life. In fact, the more money you make, the more stuff you needed. When you get a promotion, you still can’t get ahead because your burn rate keeps pace with what you make.

The problem with the rat race is that there’s no finish line. There’s nobody waiting at the end to give you a medal and dump a cooler of Gatorade over your head. The wheel just keeps spinning. And the longer you’re caught in this cycle of consumption, the more natural it becomes. You forget that it wasn’t always like that.

How to Get off the Wheel?

The first step toward escaping the rat race is being able to see the rat race. When you’re just trying to keep up, it’s easy to saddle yourself with a hefty mortgage and an expensive car payment and then convince yourself that’s what will make you happy, but it’s important to realize that your stressors are entirely self-inflicted.

The good news is that you got yourself onto the wheel, which means you can get yourself off of it.

With all these current circumstances happening, more and more people are surely realizing how major impact such unpredictable world-wide events can become and how much it can ‘screw us’ helpless, especially when relying on that stable & secure job.

#1. Create An E-commerce Online Store Selling Your Own Products or Services (Shopify)

Shopify is an all-in-one commerce platform to start, run and grow a business. Whether you’re selling online, in retail stores, or on the go, Shopify has got you covered!

If you talk to a rat who has been running the wheel for years, he’ll tell you that he earns 10 times what he used to, but his quality of life has not improved. The more he works, the more he spends, and the faster his income disappears. If you want to escape this vicious cycle, create an e-commerce store and sell your own products or services.

Creating an e-commerce store on Shopify will help you sock some money away to accumulate for the future.

#2. Building Your Own Website To Blog Or Promote Other People’s Product- affiliate marketing (BlueHost)

Affiliate marketing is a popular tactic to drive sales and generate significant online revenue. Extremely beneficial to both brands and affiliate marketers, the new push towards less traditional marketing tactics has paid off.

Affiliate marketing is the process by which an affiliate earns a commission for marketing another person’s or company’s products. The affiliate simply searches for a product they enjoy, then promotes that product and earns a piece of the profit from each sale they make. The sales are tracked via affiliate links from one website to another. You can use Bluehost to build your website.

Bluehost is one of the best web hosting platforms in the world. Bluehost offers a range of solutions to help you get started with your website or e-commerce store; from web hosting, cloud and WordPress hosting to website builder tools. They have a special focus on meeting the digital marketing and training needs of small businesses.

#3. Promoting Amazon Products Through Their Partner Program- writing reviews on products you own or books you read

It’s no secret that Amazon is a pioneer in e-books and expanding opportunities for indie authors. But Amazon also led the way in online affiliate marketing. In 1996, Amazon was a small online book retailer run from Jeff Bezos’ garage. With a limited marketing budget, Amazon decided to tap into readers’ love of books to help spread the word.

Instead of having an initial outlay of money to buy advertising, Amazon paid people a commission when they referred buying customers to Amazon. This commission was paid after the customer bought, eliminating upfront marketing costs. This creates an opportunity to make money. You can write reviews on products you own or books you read and at the end of the end smile to the bank.

#4. Ride-share Driving (Uber) Even Without Owning Eligible Car-(Autzu-rental)

Ride-share driving is an essential part of accelerating your financial journey. You can save money all day long and limit your spending. The reality is that you will cut out so much. Thanks to Autzu, you’re allowed to earn with Uber without owning a vehicle, so the fact that you save significant amount of money on insurance, maintenance and other expenses that come with a vehicle ownership makes huge difference! Real game changer to tell you the truth. Frankly, even though earning potential is surely less than it used to be, there is still money to be made when you have no better option with same flexibility and connections this could potentially provide you with.

Drive-sharing is here and you have nothing to lose to try it out!

The 9-to-5 grind is gospel in the rat race, but it’s not the best way to put money in the bank. Instead of focusing on putting out fires and generating immediate results, consider dedicating your time to activities that build on your quality of life.

You’ve probably heard of Uber or Autzu. They’re technically called transportation network companies but more commonly known as ride-sharing companies. They use online links or smartphone apps to connect passengers with drivers who use their personal vehicles as alternative taxicabs.

Autzu provides you fully insured and well maintained vehicles ready-to-drive on ride-sharing services, at an hourly rate starting at $4/hr. You can start driving without any upfront costs. Autzu’s hourly rental fees are automatically deducted from your Uber earnings and deposited into your bank account weekly.

#5. Drop-shipping- Selling Other Businesses’ Products For a Commission (Printful)

Next on the list of business ideas is to start drop-shipping business. Drop-shipping is a practice of order fulfillment where a manufacturer/distributor ships a product to a consumer on behalf of the retailer.

Drop-shipping can be very attractive because it helps to minimize risk and cost while offering convenience and practicality. To make good profit, only sell products or services that are in vague.

Printful is the easiest order fulfillment system you’ll ever use, free to set up, and with no monthly fees! You sell products on your store, Printful automatically processes and fulfill them when orders come through, and ship them out to your customer. Easy as that!

With Printful, you can sell other businesses’ custom design products online with print-on-demand drop-shipping. Sign up for free, give it a shot and start making money.

Take Away

Once you escape the rat race, you’ll be able to move freely and appreciate the world around you without getting dizzy. Remember: Life is a journey, not the destination, and you don’t want to spend that journey on a treadmill going nowhere…

The idea of making money from anywhere you live seemed like a novel concept just a few years. Working from wherever you want, being your own boss, and having supreme flexibility sounded great. But it just wasn’t realistic for most people.

But things have changed. There are now more options than ever, making the Internet a viable source of income. In fact, 56.7 million Americans freelanced in 2018 — up from 3.7 million in 2014.

In this post, we’re going to take a deep dive into 5 proven strategies that fit people of all different interests levels and skill sets. We’ll discuss the specifics on how each method works, how to get started and provide helpful resources.

Now let’s get right down to it. Here’s how to make money from anywhere you live in no particular order.

#1. Virtual Assistant

This is a wide umbrella that consists of many different tasks. Virtual assistants (VAs) may:

Handle customer support
Process orders
Perform data entry
Work in project management
Perform content research
Proofread blog posts
Format WordPress content

The list goes on.

And there’s a huge demand for VAs. Many business owners have a ton of work but don’t have the time to handle it in-house. So they outsource to VAs for extra help to keep the workflow moving.

You’ll usually need to have some level of experience in the niche you choose. So we recommend starting with something you’re familiar with. For instance, you may be adept at using WordPress and could target gigs that involve content formatting and adding media to WordPress posts.

Once you get a few projects under your belt and start to build relationships, you can move on and expand.

How to Find VA Jobs

There are three sites we suggest checking out initially:

Upwork

Guru

CloudPeeps

You’ll need to sign up, create a profile and list your skills.

#2. Freelance Writer

Freelance writing has never been bigger. Peruse most major job boards, and you’ll inevitably find businesses seeking writers to handle a wide variety of content needs. So there are plenty of opportunities available.

And many people are making freelance writing a permanent, long-term profession. According to a 2017 survey by FreelanceWriting.com, “Over 83 percent of respondents reported they expect to continue to write for at least five years.”

As you might imagine, there’s a big disparity in terms of how much freelance writers earn, which involves several factors like experience, industry, content complexity and the number of hours worked per week.

But there’s certainly money to be made. With $25 free credit, I recommend you to check out Freelancer.com to either use for your own projects or sign up to help others and make money with your own skills. Build a nice portfolio of clients, and you can earn a nice living working completely remotely.

#3. Teach English Online

About 20 percent of the world’s population speaks English. And many more are looking to learn. Countries like China, South Korea and The Philippines in particular are looking to teach their students this language from a young age.

So there’s a good demand for English language instructors online.

There are two main criteria required for this type of work. First, you need to be fluent in English. Second, you’ll usually need to have a bachelor’s degree. Some companies may also require some type of certification such as TESOL, TEFL or CELTA as well.

In terms of earning potential, you’re usually looking at somewhere around $28 USD per hour. Schedules are flexible, but most companies will want you to commit to a set number of hours each week.

I recommend the following companies:

#4. Create an Online Course

This is another way to earn money through teaching — only it involves building your own online course around a topic you’re an expert in.

Here’s how it works.

You sign up with a company like Udemy — they’re one of the best — and check out their course development options. For instance, Udemy has a section called “Become an Instructor.”

From there, you’ll be able to plan your course and create videos and other educational content.

You can build a course around pretty much anything. Everything from business and marketing to photography to personal development — whatever you’re an expert at.

#5. Affiliate Marketing

Affiliate products are a common way authority site owners monetize their content.

This revolves around the practice of affiliate marketing, which Entrepreneur defines as, “A way for a company to sell its products by signing up individuals or companies (“affiliates”) who market the company’s product for a commission.”

As an affiliate, you’re basically referring people to another company’s products, and you make a commission for every product that’s purchased through you. It’s a win-win because you’re making money without having to create an actual product yourself and deal with all of the logistics of order fulfillment, and the company is increasing their sales volume.

Here’s how it works:

Say you have a website that focuses on specialty dieting like the Paleo and Ketogenic diets. You could sell cookbooks on recipes featuring these diets.

You would first sign up for an affiliate program, most common these days is Amazon of course, but there are plenty others to choose from. Once you submit your associate profile and get approved, you can start promoting links to products with your affiliate code to your site. Any time someone buys through your site or however you decide to promote your unique personal link, you receive a percentage of this sale plus everything else that’s purchased while shopping through your referral, sounds good?

Note that you don’t necessarily have to have a website, although if you decide to create your very own online presence, I highly vouch for Bluehost as your home base. You can also promote through your social media, guest blogging or anywhere you can feature an affiliate link. It’s just that having a site is nice because you’ve already got a built-in audience and trust, which tends to make it easier to convert.

Using Your Creativity and Skills to Make Money Online

As you’ve just learned, there are many ways to make money online. Some techniques can potentially provide a full-time income, while others are more of a side hustle. However, they’re all are legitimate and strategies that we can vouch for.

Crushing it with these techniques is all about figuring out what you’re good at and passionate about and aligning it with your personal business goals.

Can you think of any other ways to make money online from anywhere you live? Please let us know using the comment box below.