I will publish my income regarding my online businesses each month to be as transparent as possible with you. So there will be at least one article each month, hehe.
Why will I share my income? I will talk about how I make money online on this blog in the near feature and publishing my income will help me to prove that these methods do work. Continue reading
I have to admit, it was not planned to do an income report as one of the first posts on this blog. I am planning to publish a monthly income report at the beginning of each month and a yearly summary post in January.
Maybe you ask why. Here is my answer: I want to be honest with you and as I want to show you how to make money online you should be able to see the results. I think it’s even a proof showing that the methods I will show do work.
I took action and got started with Internet Business. I initiated research in May 2011 and, more important, used that knowledge to build up my online empire (just kidding), which I achieved by buying some training courses and eBooks.
There are many product out there in the internet and there seems to be on little thing missing – all the time. If you get this information there is a next piece missing and so on. Remember: most of these products are made by marketers and they want and know how to sell.
It is possible to earn money on the internet, I now know. Not all of my websites is currently making money but some are not set up yet. I do not earn enough to make a living of it – but it is a good start. Please remember: you will not get rich overnight.
I started 11 projects so far. Four of them are completed and 7 are processed right now and in different stages. I will explain later on what kind of projects I am running to make money.
The 4 running projects summed up to make me a total of $261.26. Project #8 is worth mentioning, Amazon sales did pretty well. #1 added $19.40 to the result which is not too bad. #2 and #4 just got started and do not rank yet on Google, so there is no money to be made right now.
As we will see each project need a homepage. You have to pay for your Domain name and the hosting of the site itself. That’s it – there are no more costs right at the beginning.
$5.90 for .DE respectively $7.58€ for the first year plus $3.78 fee for an escrow service which will be needed if you live outside of Germany. I mention this only for a complete overview of my domains – I am quite sure that you will never start foreign project if you do not speak the language. Please consider that the English speaking market is one of the biggest worldwide.
Often there is a domain included with hosting and you can save these expenses if you want to. I prefer to split hosting and my domains if there maybe any trouble in the future, this allows me to switch the host for example. So there are costs of $2.37 each month or $28.44 for a whole year.
That’s all what you must have to start your own business on the internet. Yes, though…
There are many paid tools and pieces of software out there which make everything easy as there may be free alternatives. You also need some Hardware. Sounds silly, but without computer, monitor etc. you are not able to build your business. If you are up to create your own audio or video podcast, there is even more equipment and software on the table. I will talk in a later posts about the tools I use, but for the moment I assume that you own a computer already, otherwise you would not read this.
I wish you a good start for this week and a successful 2012.
So this is my second version of this article. I was up to publish this page on August last year but I wanted to learn more and gain experience on internet marketing.
Make Money Online – there are so many websites all over the internet promising wealth nearly without any work or effort.
What’s behind, how do you make money on the internet? Is it possible to earn a passive income?
By now my answer to all of those questions is: yes. I want to show how it is working, how I do earn money and document my projects for you, so you can get as much as possible out of my mistakes and my successes.
I was researching the web in May 2011 when I stumbled upon a German website with a very interesting post. It was a summary of English speaking blogs publishing their income generated by those blog. Some of them made up to five figures income. Not too bad.
I was astonished. This was a real income. I started my research on internet marketing, making money online in general. Obvious there were many reliable sources of information but also many dubious offers. Online income seems to be associated with doing nothing and earning a lot. But it is not that easy, that’s for sure. If that was true wouldn’t we all be rich by now?
Earning money online myself now I have to say: yes it is possible. But you must know that there is work to be done and you need to invest an amount of time.
I took as much of my free-time as possible over the last couple of months to research internet marketing. I read many websites and blogs, browsed through forum, bought some eBooks and attended online seminars.
Usually there is a no question asked money back guaranty for 30 or 60 days after online payments. As I was able to return bad product I was only paying for stuff worth the money.
I had never problems returning a product to the marketer – I must admit that I expected something else regarding these guaranties. But my experience tells me that most of the people (all for me, but you never know) are serious – nice surprise.
I want to mention that the information you learn on eBooks or courses can also be found legally on the web for free in many cases. But they may scattered to the four winds – being anywhere on the web. You can save much of your valuable time with information product and the information is in most cases well sorted and packed.
Luckily I created my job for myself eleven years ago, straight after school and military duty, together with a good friend of mine, so I am able to work in my own company 9to5 with 10 amiable colleagues.
As I made a business out of my hobby, I was looking around for something new to do in my spare time outside my 9to5. The topic of internet marketing fascinated me. Maybe all the gurus with their blank and shiny marketing assisted. So I tried it out and really had fun designing websites, doing marketing and creating content.
You do not have to be on a special place to do internet marketing nor are you bound to any specific deadlines. That’s why creating your home bases business is ideal to earn an extra side income in addition to your 40 hour work week.
I made my first experience to earn money online in the year 2003, when we bought a running website. It was a paid home page, where users are paid to watch and visit links. At the beginning the revenue of this site was good. But after a short period of time the earnings decreased and the project started to become unprofitable.
We sold that website within a year. On this time we had no experience and not enough time to manage such a huge project. Our Mistake was to focus on the money. That was the worst we could do. We did not care enough about the people using our service, just wanted to earn some money. That is definitely not the way to go for an internet project. Lesson learned.
Ok – just kidding. Nobody will be a millionaire over night without work. Any internet business involves hard work and cannot be built without personal commitment. I am sure it is possible to earn a decent amount of money with a single product launch – but these are not made on a single day. There is all the work to be done to create the product and afterwards you have to push the marketing.
On extrasideincome.com I will show you how you can earn money online, staying at your 9to5. I do not promise that everything works to same for you as it did for me. Your success will be caused by your personal efforts and engagement. Earning money on the web is scalable. There are methods which are capable to earn you a passive income. But at the beginner there is always work to be done.
Please feel free to leave a comment with questions or suggestions. Love or hate, any comment are appreciated. So I wish you all the best for the year 2012.
Oh – one last thing: you may (ok, you did of course) have noticed that English is not my native language. So please feel free to point to anything where I messed things up. Thank You.
Today I want to share my goals for 2012 with you. I know I did not publish my initial post yet, where I introduce this project but I wanted to go live with my goals within the first week of the new year.
I want to achieve the following goals by the end of the year 2012
I will share details how I will (try to) make money on the internet later. In a nutshell it is a mixture of content and marketing websites.
I do not want to pay for this experiment for the rest of my life so I aim to break even within this year.
I did not target selling or buying domains yet but I am interested in this and want to learn more about within this year to approve if I am able to make any money out of it.
To learn more about Google and out of private interests i want to get Google Adwords Qualified which includes passing the exam by the end of the year.
I want to take the possibility to attend on at least one live event to meet people doing similar businesses. I did not pick an Event yet – maybe you got any recommendations for European Events? Please leave a comment below.
Until now it never worked out. So i want one of my projects listed at DMOZ by the end of the year.
I will be launching a podcast this year. I did not choose the project I am going for, but that something for second half of the year.
I am Member of the Internet Business Mastery Academy and want to finish and implement all Modules on at least one site by the end of the year. I will talk more about that later.
I want to share thought and business ideas with other like minded people through a virtual mastermind group. We are about to start one in January, so hopefully this goals will be the first to achieve.
I am looking for a local mastermind meetup related to business, internet marketing, seo, affiliate marketing. I will start one if I cannot find anything in my area. Already looked up meetup.com but it seems this one is better for the US or English speaking meetings.
So if you live in northern Germany, willing to participate in a local mastermind meetings than leave a comment or contact me via email. Thanks for that.
You will get to know what this site is all about and I am up to publish my first income report for the last months.
That’s it – my first and also the next step for extrasideincome.com. I am thinking of releasing this site for 7 month now so it’s now time to take action.
Today it is not all about the content or style of this page. It is about taking action, moving on to the next step – to start something new. Don’t you know that queasy feeling if you are up to take a new challenge? Most people do not shoulder to overcome the obstacles on their way. They are confronted with something new, unknown, and maybe a little bit scary – and desist from their dream or whatever. They then seek for new answers, more knowledge more of everything to get started… later.
And, of course, what you do has to be perfect. It’s all about these bright shiny objects, isn’t it? You can work hours, days, weeks, months or maybe years to tweak things up, even with small details. So did I. On 31th of July 2011 I wrote my first article for extrasideincome.com. And guess what, that’s all.
So, message received. It’s not about reaching your goal in one giant step. You and extrasideincome.com will need many steps to go where you are headed to.
I am starting today with this tiny message. I will publish, even there is nothing around ready to go. I did not pick a logo yet, nor a color set, did not install a proper theme yet, nor installed any plugins, did not set up a newsletter service, Facebook site, YouTube Channel nor Twitter Account and did not start my Podcast or even got an Google+ Account. That was much – these open issues appear a little overwhelming if stacked together. Seems like a giant endless big step.
Also the slogan: make money designing your home based business tonight – just a construct of researched keywords regarding this topic – not perfect that’s true. But I am able to think the next few weeks on that one. But nothing is protected from changing, so let’s get started with this one.