Living More, Working Less with an Online Business

Living More, Working Less with an Online Business

live1Would you love to be relaxing at the beach or out playing golf today? How about hanging out with family and friends? Oh yes…while you are out enjoying these activities. you know that your online business is bringing you income. Perhaps it sounds like a great fantasy; however, it is a reality for many online entrepreneurs who enjoy this very lifestyle.

I am not saying that online entrepreneurs get to hang out at the beach or play golf all the time. Building an online business takes a lot of work initially…a whole lot of work. And do not forget to factor in the necessary learning curve depending on your skill set. Technology constantly changes and you must keep up with those changes.

At the end of the day, however, when you work from your home making passive income online…well that just beats trading hours for dollars!

Of course, there are many ways to leverage your time. I just happen to prefer running an online business because I can take my expertise and knowledge and start making money online in a short amount of time and with very low overhead and expenses! And when one is selling information products, the work is done once and you get paid over and over again. To me it is the greatest business in the world!

If you read my home page, you know that I am a big proponent and believer in multiple streams of income. That way, if one stream dries up, it is important to have other streams of income flowing in.

If you love your job and simply want to earn some extra money online, that is awesome. If you hate your job, you can start an online business on a part time basis and work on it whenever you have spare time. When you grow the business large enough to where the online income exceeds your paycheck, you can then quit your job. Or you may be a Glam-mother looking for additional income because you are concerned about the quality of life you will have upon retirement. 

Whatever your goals in life are, an online business can give you more time, money and freedom to do the things that you enjoy doing!

In the last few years, I have created multiple streams of online income and continue to build. My current in income streams are:

  1. Individual and group coaching
  2. Recurring Monthly Income. I have two sources of recurring monthly income from network marketing companies.
  3. Affiliate Income. I earn affiliate income by simply recommending products and services that are related to my topics and that I believe in!

With millions of people affected by the economic downturn, many are looking to start an online business as their "Plan B"–their way of providing for today and the future.

So set your goals and then work hard to achieve them. This what I have always done.

Beware of the 3 Biggest Obstacles to Your Online Success:

  1. Giving up too soon. You must be committed to this process. Many people put up a website, try a couple of things that do not work out and then they quit. Success takes time; however, if you build a strong foundation (such as making sure there is a demand for your product BEFORE you create it), you will prevent a lot of wasted time, energy and money!
  2. Chasing Shiny Objects. We have all suffered from the bright shiny object syndrome. We sign up for a program and then, before we finish and implement it, we are on to the next guru or making-money-online program. Yes, there are a lot of great programs out there, but there are also a lot of programs that are scams–promising you big money in a short period of time. Whatever program you sign up for, stick with it! I have a news flash for you: There is no silver bullet or magic button!
  3. YOU. That's right. You will be your biggest obstacle to your success because you will experience self-doubt, fear and uncertainty and then you will stop showing up. You do know what the secret to success is, don't you? 50 percent is simply showing up, 40 percent is having a system and 10 percent is a dog fight! That means just show up every day for your dreams. Then create a system to achieve those dreams! As Donald Trump says, "Every day is a dog fight". You have to want your dreams so much that you are willing to fight for them. Are you ready to fight?

If you want a faster start with a world class marketing, business and life training system from people who walk their talk and get results with what they teach, CLICK HERE, to watch an informative video.

 

R1

About Online Biz Boomer Babe

Rachel Lavern is a Certified Business Coach and founder of My Booming Online Business--a blog for middle-age, global, uptown women. She is on a mission to transform entrepreneurs' finances by teaching the action set, mindset and skill set needed to get launched + make money.

Comments

  1. Rachel thanks for your informative and insight article full of reminders that anyone could use not just those into affiliate /other marketing

    • You are welcome Liz.  There are so many lines of business one can run online.

  2. Thank you for this article. I was initially attracted to it because of it's title – I believe everyone should work less. Honestly. I also used to agree with having many streams of income. I've recently decided to end my business, blog for fun and get a job. This is for one simple reason – the many streams of income was stretching me TOO THIN. I was becoming overwhelmed. I think it's a great idea but it's VERY IMPORTANT to get really good at one thing at a time. Otherwise, you risk getting very disorganized. At least that's what happened to me. 

    I don't regret this decision. I'm looking forward to building a blog and website and developing programs a bit without the emmense pressure I had. In the end I guess I'm building an online business instead. I'm interested in what else you have to say – I'll be following your future posts. Thank you.

    • You raise a valid point Srar.  I strongly believe that it is important to develop only one line of business at a time and get that on autopilot before moving on to the next.  Good luck on your blog.

    • I've been a determined online entrepreneur for well over a decade.  Yes it IS a ton of work with massive learning curves, not for everyone but worth it for those who do stick it out long-term.  It certainly is overwhelming at times and that dreaded 'shiny object syndrome' is a pesky little monster.  I've had to detour a few times but learned from mistakes.  For some of us, it simply gets into the blood and its that passion and persistance that matters.

      • Carolan, That pesky little monster still tempts me…immensely.  But I have finally learned (through many mistakes) to have tunnel vision.  Thanks a bunch for sharing.

  3. Corinne Rodrigues :

    I can vouch for this, Rachel. I've been plugging away at my blogs and suddenly the returns are coming in. Good luck to you with you plans and projects!

  4. I was just thinking about this very topic earlier this morning, when I learned that today is National Wear Your Pajamas to Work Day and wrote a blog post about entrepreneurial freedom and being able to work whenever, wherever, and wearing whatever you like. You make some great points here about not giving up; the book Think & Grow Rich taught us that success is a trickster that likes to test us to see if we're really ready for the fortunes (in time, money, or whatever else) we seek. It's only through hard work and sheer perseverance that people are able to get the results they seek. Great post! Thanks for sharing. 🙂

    Tammi

    • Think and Grow Rich is one of my favorite books Tammi.  I think that it was Bob Proctor who told me that the universere waits to see if we are serious before it gets behind us in support our intention.

  5. Evelyn Kalinosky :

    Love your 3 biggest obstacles, Rachel – so, so true! When I first opened my online business in 2009 I was guilty of shiny object syndrome. There was so much to learn about how to market online – and I didn't know what I didn't know – and found myself buying products, programs and services trying to get the answer. Now, 4 years later, I am sooo over that! I am building my business to be a foundation that can support my on many levels. I, too, am a coach, but know that there are only so many 1-1 clients you can have before you max out in time and income. So multiple streams of income is definitely where my mindset is. Thanks for a very informative post!

    • Thanks so much for sharing your thoughts Evelyn!  I have weaned my coaching practice of 1-on-1 clients for the first part (for the exact reason you mentioned).  Still have three (two of which have been with me for a while); however, I have not been signing new ones on.  All the best!