This post will be fun for me because it's a subject that I really enjoy. If you're like me, then you would like to work money at home with no money down. There's so many diffrent possibilities, but of course we are keeping with the theme and trying to find a way to make money online fast. So the work should not take a lot of time applying and waiting and going through a screening process and so on. I don't want to rule most standard freelancing completely out, but I'll just say signup to elance.com if you want to freelance, and that part is pretty self explainatory.
However, I want to accomplish the task of satisfying everyone's demands in this post, so I will be focusing on several things. While being free to work in the comfort of your own home without putting any money at risk is nice, there are the types of people that work for earned income, and those who work for passive income.
If you are looking for eaned income, it is a job. If you work for passive income, you are establishing more freedom. Working for freedom from the requirements of work is certainly not going to be as easy and the results aren't going to be as quick. This is why I will reccomend doing both. Before you quit your day job if you have one, you will want to work in your freetime at home. After awhile, you can figure out if it's for you.
Here is the general outline:
Step 1: Run a "test" of working on your own.
So lets say you normally work 8 hours a day. If you want to work at home an replace your income, to run a test you will simply work maybe 2 hours a day at home, as you continue your 8 hour days at work. If you want to work from home with no money down, you will need to make at least 1/4th of your work income in the 2 hours a day you're spending of freetime. If you can maintain this for a month, you'vre taking on some risk by quitting, but at least you've proven that it can be done.
Step 2: Work on your own
Now is when you actually will use the resources that will be mentioned to work on your own, you will have 8 extra hours a day plus travel time, plus lunches, breaks, and other time that you may be able to save by working at home. So wake up right away, and treat it like a job. Get used to the full work week for a full month.
Step 3: Build Passive Income
Now that you have proven you can do a month, it's time to start using resources to build passive income. Now to start with, you are going to just have to set aside a couple extra hours a day in working toward passive income in addition to you working your normal schedule. So use the resources, and start producing passive income.
Step 4: Replace Earned Income
As you continue to work on passive income, eventually, the passive income will pay monthly, allowing you to spend less time on earned income, and more time on passive income. Residual profits will allow you to not be forced to spend quite as much time earning income. Here's an example. Say you make $2500 a month. Now after working on passive income, you are earning $500 per month. While you may want to spend a little more time on earned income to be safe, $500 a month or 1/5th of your earned income is made passively, meaning that ias long as that $500 comes in, you can get 1/5th less earned income, and still maintain the same overall monthly income. So 1/5th of 8 is 1.6, so you can subtract 1.6 hours of your normal 8 hour schedule and spend that time building MORE passive income.The idea is to work less and less until your earned income is replaced entirely by passive income.
Step 5: Build Your Lifestyle
This is the fun part, if you're doing what you're supposed to, you'll be making enough money where you dont have to work again, or at least, not nearly as much. However, now's where you get to choose your lifestyle that you want. If you'd like to make more per month, you can spend all your time working towards passive income, until you're satisfied.
Step 6: Outsource And Automate
This is the step that will make other people have the ability to work towards their goals. If you were making $2500 a month, and you're using that money for expenses, and now you've built up an income of $3500 a month, now is where you can use the extra $1000 a month, and spend it on speeding up the process. So maybe you buy $5 articles and you buy 200 articles. From posting them and doing the work you need to in order to build the passive income perhaps you'll make $1 per month each.
So you spend $1000, and you make $200 a month, in 5 months your earnings will have paid for your costs, and your earnings will continue. Repeat this the following month and now you have $1200 to spend and you cna buy more articles, or pay for keyword research, or linkbuilding for your other articles. Now you can build more and more per month. Pretty soon if you outsource everything well enough, you can get people working for you on a system, paying them automatically, having someone watch over it all for you, and so on, that not only will you be able to affrod the lifestyle you want, but that lifestyle will continue to grow beyond your wildest dreams automatically.
So the work from home, no money down lifestyle is possible and it can be an abundently rich one as well.
Now that we have the outline, what are the general programs?
Here are a few things I will review:
1. Suite 101
2. Day Tipper
3. Brighthub (science only)
4. Shvoong
5. Textbroker (paid per article)
6. Helium (hybrid paid per article and paid per 1000 visitors)
7. Today.com (paid based on 1000 visitors)
8. Suite 101 (shares revenue but it's a "contract" type thing and you submit resume and samples and is much more like a job)
9. About.com (tough to get in)
10. Payperpost (you get paid based on what others are looking for, slightly complicated, I'll explain later.)
11. Hubpages (Article directory with revenue sharing. You receive 60% revenue from Google Adsense, Amazon, Ebay, etc)
12. Infobarrel (just like hub pages only you get 75% revenue with Google Adsense and Chikita)
13. Howhub (50% revenue sharing 100% if you refer 10 people which is much harder than it looks)
14. Xomba (50% rev, but 10% of referals)
15. Flixya (100% add, looks worth it)
16. Squidoo (revenue sharing plus easy sharing revenue with charity)
17. Triond (50% rev)
18. Constant Content (get paid big for articles)
19. Examiner (paypal passive income but not great)
okay, I guess there's only 18 because suite101 is there twice.
We will continue this in part 2, but yes, you can work from home even if you have no money to put down and make money online fast while doing so.
Update: If you want to learn work from home no money down tips, continue reading the next post.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment