If you still need to hold down a full time job while at the same time trying to build up your online portfolio you should be looking to build income from projects that take little time and maintenance. It’s all very well for someone to write a book telling you to create a site then submit 5 articles a day for a month (This was really the recommendation in a report I read this week!) but it’s not realistic. Yes you could outsource the work but you’d soon have spent $750-$1000 before you’d made a cent. This is now money that you have to recuperate before you are in profit.
We’ve had a lot of people join the income academy who have spent hundreds of dollars on e-books and programs only to find that they don’t have the basic knowledge of how to make the programs earn them money or they just don’t have the time to put them into operation
In one case a member had spent over $1500 and hadn’t made any money back. What they failed to realize that no matter what the program or type of site you will still need to promote it.
In one of the forums i visit recently one of the members was telling everyone how he planned to start off by building 30 sites then leaving them for a few weeks and then seeing which ones were making money. He failed to grasp the fact that having bought 30 domains he would need to make over $300 before he broke even. Despite my best efforts he maintained that he had more chance of making money with 30 sites as he did by concentrating on one or 2 sites. He completely failed to take into account that he would need to promote all 30 sites and that would take 30 times more work that on 1 sites.
You should be looking for sites that you can set up quickly and that will take up as little time as possible with maintenance. This leaves you with more time for the all important site promotion. Any profits you make can then be put towards outsourcing other projects.
Before I moved onto my current projects I chose to build a number of Adsense sites. These took up very little time once they were built and I was able to promote them and update them on a regular basis. As soon as I was getting a good Income from them I was able to move on to other projects. I knew that whatever happened I had the income from the Adsense sites to fall back on.
If you are starting out or have yet to be successful take advantage of the free resources around you. Earlier in the year I combined 2 free resources with 2 monetization methods on a domain that cost me $8. This site takes less than 10 minutes a week to update. So far it’s earned me in excess of $300. This isn’t a huge amount but it’s a regular income that could help you to move on to bigger things plus it costs me nothing and it only takes 10 minutes a week. All I used was Wordpress and Google alerts and Adsense and a Data Feed.
It makes sense to use as many free resources as possible. Every cent you save means that you will be in profit much sooner.
This is just one very simple method of creating low maintenance income there are many more available to you. You don’t need to spend money to get started. If you would like more information on similar methods which won’t cost you a fortune then please visit The Income Academy You’ll find details below.
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