How long does it really take to make money from home?

Many people have no idea where to start when it comes to figuring out which business opportunity to try.

Let’s face it, it’s not like there are only a handful of money-making schemes competing for your valuable time. There are thousands, maybe tens of thousands, of individual courses, seminars, e-books, resell rights, software packages, schematics…

What should you think? Which of these is correct for you? Before you even consider the relative merits of the various opportunities, you need to ask yourself a few key questions.

First let’s think about the most fundamental and limited resource you have: TIME.

How long does it really take to make money from home?

Time is so important because there is little we can do to get more. While it is possible to take advantage of money, learn new skills or have the right mindset, the hours we have free to pursue a particular company are non-negotiable.

Yes, once you’ve found a solid business model, there are ways to leverage your time so you can be more productive, but when we get started, every minute will count.

How many hours do you have per week to commit to your lucrative ventures?

What are the minimum time requirements for a business or income generating company? Of course, the more time you spend on many of these opportunities, the more your potential income will multiply. But what I want to make clear today is the minimum time you would need to make it worth your while. Now I guess most people would like to earn an extra couple of hundred pounds a month at the very least. So I’m using that as my reference point.

Here’s a quick overview of what I think are the average minimum times you’d need to spend on any given opportunity.

Retail (online): 10 – 20 hours per week
Affiliate Marketing (online): 10 hrs
Ezines/blogs: 5 – 10 hours
eBay: 5 – 40hrs+
Financial negotiation: 5 – 15 hours
Betting (online): 5 – 15hrs

Right, let’s dig a little deeper and work backwards: Let’s say you have 40 hours + free time per week. You do not have a full-time job and are prepared to work full-time. What are your options?

The good news is that you can do almost anything!

Any traditional brick and mortar business (retail or service based) will require at least 40 hours per week and likely much more while setting up. The same goes for franchises. I know it may sound obvious, but there is no point in even considering a traditional business model unless you are prepared to work at least 8 hours a day.

Another of my favorite ways to spend time is to act as a broker (essentially matching buyers and sellers); Once again, I’ve covered them in depth and include brokering parking spaces, sales leads, room rentals, and even setting up JV deals between listing and product owners.

But I guess as you read my article, you hope that you can earn a good income without having all the pressures and hassles of starting a full-fledged company, so how can you run a business with high income potential in a fraction of the time?

Go online of course!

Look, I don’t need to bore you with the benefits of running a purely online business. We both know that the Internet gives you the opportunity to make sales 24 hours a day, without ever having to meet a single customer. You don’t have to travel. And you don’t have the hassle of taking care of the facilities or managing the staff.

Still, if you are developing your own products, whether electronic or physical, and your own website, the setup time will be significant. Fortunately, these days there are plenty of ways to get all the technical stuff set up without having to learn complex code or pay thousands of dollars for some techie to help you get started. There are plenty of ready-to-use packages that can build websites, transmit email, accept payments, and everything in between.

And then you have to consider marketing. You can’t just cover up a website and hope people find it. If you already have a database of past clients, then you have a head start. My recommendation would be to make sure you get as many existing names into some sort of regular email as soon as possible.

Even if you don’t have an existing database, it’s essential to create a weekly email newsletter for potential customers. This will give you regular contact with your prospects and allow you to alert them to important news and current offers.

Since you will no doubt need to find other ways to generate new leads online, consider the time it will take to list your website on Google; this could be up to 6 months and even then there is no guarantee that you will be able to get a high listing. Alternatively, you can pay for Google Adwords, but I guarantee you won’t get it right the first time (or even the second or third!) and there will be a period of trial and error before you hit your ad targeting the best keywords. key and make sure those visitors become paying customers.

A potentially lower risk and lower cost route to market would be through joint ventures with complementary list owners. Yes, this might speed things up, but you still need to consider the initial period of identifying potential JV partners, writing to them, waiting for a response, and agreeing on terms. However, I know many very successful online business owners who make a lot of money just by working with JV partners.

What if you don’t have time to develop your own products?

Well, you can get the rights to other people’s products. There are many opportunities that offer non-exclusive resale rights. But be warned: you most likely don’t have any marketing material, so you’ll either have to create it yourself or pay someone else to do it. Also, keep in mind that there could be hundreds or even thousands of people with the same products.

My advice: don’t compete in the most popular areas like the business opportunity. Instead, find a small but proven niche market.

Another alternative to creating products is the public domain: the public domain describes works that are not copyrighted or may never have been eligible for copyright. It’s an area where many marketers are actually making money. It describes books, music, movies, art, and other creative works—things you can copy and start selling right away.

Becoming an online affiliate is a highly publicized way to make money: the product, marketing material, payment, and fulfillment of the product is done by someone else, allowing you to focus on finding a market. Sounds easy (and many affiliate marketers would like you to think so), but marketing, whether offline or online, is serious business and you should expect to spend at least a couple of hours a day on your marketing efforts. affiliate.

You have to be realistic with your time. So let’s say you only have an hour or so a day, maybe in the afternoon or in the morning. What options are open to you?

1. FINANCIAL TRADE: We all know that day trading offers high potential rewards for those who can trade volatility. I’m not recommending it for everyone, but I know plenty of people who can regularly take 10-20 times their bet in the same number of minutes. On the other hand, of course, if you’re wrong, you could be losing your bet. My recommendation would be to do a lot of research first. There are countless tipsters, courses, and trading software packages out there. Make sure you go with the most reputable ones. Also, be sure to follow a strict money and risk management strategy that protects your trading bank… otherwise your trading career will be brutally cut short!

If you want to trade the financial markets intraday (open and close your positions in one session), then you’ll want to be around when the activity is busiest. For Forex and major indices, that’s at most 7am to 11am and then in the evening from noon to 3pm. There are also plenty of opportunities at night when US markets close and Asian markets reopen.

2. SPORTS BETTING: If betting is your thing, then betting exchanges like betair.com offer you an online platform to place bets (both backing and betting) in advance. As with any market, prices can change and you will find that the best returns will come from being able to follow the markets live (whether horse or football). It’s even possible to create no-loss bets by trading what’s known as an in-run, where you’re backing and placing horses or football teams during the race or match.

SCAM ALERT! As less ethical business opportunity publishers understand the desire to make money in our spare time, you will come across many attractive-sounding companies that promise high returns with minimal time and effort, including pay-to-browse, online surreys, and all kinds of envelope stuffing schemes. . I have yet to see a single one that actually works, so I would advise against getting involved. The same goes for any form of pseudo-pyramid scheme, such as cash giveaways, eGold, or HYIPS (High Yield Investing Programs).

3. EBAY AND AMAZON: My advice, if you’re really short on time, is to consider an opportunity that allows you to drop in and out depending on how much time you have without compromising continuity. I know it may not be that familiar, but you can’t beat eBay and Amazon for a proven marketplace. As I have said many times, you can start with unwanted items in your own home. This will give you a way to get familiar with the sites at no cost before you branch out and start to identify. Also consider online arbitrage where you can buy from one online source and then sell elsewhere online for a higher price and you keep the difference.

Finally, I can’t remember which law it is (Sod’s or Murphy’s), but it states that the time you think a task should take is only a fraction of what it will actually take. So no matter what anyone tells you, I would at least double it!

The good news is that every minute spent is valuable, whether you actually make money or not. With every effort you make toward your goal, you are adding experience (positive and negative) that you can build on at a later date. Discover great home-based business opportunities