Simple Guide To Make Money Online
206: Get additional income flowing ASAP
Hope you all had a good weekend.
At Arb Letter I talk a lot about generating alternative forms of income.
But for many people they likely read that and think “okay great Andy, but how do you actually do this”
Which is a fair point.
I wanted to out together a follow up guide to our original E Commerce guide we did last year because all the questions we get from people looking to figure out ways to boost their income alongside their day jobs or W2 roles.
If you’re slowing easing back into another boring week in corporate america, patiently waiting for your next paycheck at the end of the month — this post is for you. If you’ve thought about starting an online business but couldn’t quite get your ducks in a row — this is for you.
I can say without a shred it a doubt that the online businesses and income streams I have built and created over the last several years have been one of the most rewarding and fulfilling endeavors I have ever set out on - both in terms of the monetary benefits but also the flexibility and security it gives me in my daily life.
In the current macro economic environment it’s also one of the best ways to hedge yourself against, job loss, lowered bonuses or revenues, and any complications that arise in your personal financial life.
Todays guide is going to be a comprehensive overview of actionable tips to get you started in generating online revenue and money. Simple, no frills techniques and methods I have used historically to make money online focused on e commerce, selling, and ad revenue.
Anybody can do it — which is the nice part. You just have to make sure that you understand the value of making money outside your job, career, or everyday work.
By the end of today post you’ll have a simple guide to generating money online and getting started. Getting started is the most important piece, lots of people I know talk endlessly about ideas they have but never take the step to getting their projects or ideas monetized or moving forward despite the easiest onboarding and infrastructure opportunities we’ve ever had.
We’ll cover two of the hardest parts of running an online business today - distribution and sourcing product and then we’ll get into the art of actually making money on the internet.
I’ve generated multiple six figure income streams online throughout the course of my “ecomm” career so hopefully I’ll be able to share some helpful tips and tricks for getting off the ground quickly, my mistakes as well should help folks avoid the common pitfalls.
Making money online changed my life entirely — it gave me more time back with my family, provided a thick security blanket to financial risks, and generated more money for me to invest, save, and spend on the things I want without dipping into living costs or base salary.
The difference between SOME online income and NONE is stark. Without it, not only are you at risk of going broke or bankrupt if you lose your job — but you’re also constantly going to be stressed about having enough cash flow.
Today’s Guide is Broken into the Following Sections
The Reason Online Income is so Important
How to get started today (yes literally today)
Logistics and distribution strategy
How to generate momentum and profit
Top ways to ensure you’re able to scale and profit over longer term
I will also list out the specific resources I use to source product, host my website/stores/landing pages, and manufacturer products.
In today’s day and age there really I no excuse to not have some sort of business going online — even if you are a “career” man.
Vendors and hosts have never been more available, affordable manufacturing and product solutions have scaled dramatically, and more importantly — everybody is CONSTANTLY on their phones.
Short form video, tik tok, and new social media apps have commanded unending amounts of human focus and attention online.
The hard part is mostly done, that is, corralling all of the cats you want to sell your products or services to. What’s required to see a material result is simply consistency and trial and error.
The Reason Online Income is so Important
But as we have covered it’s more important than ever before to have the ability to make money online. In today’s high inflation and uncertain economy, side hustles give you added security and free up cash for you to invest or save. There are many benefits to making money online — improved confidence, business skills, experience with technology, ability to make money from ANYWHERE, and of course the additional income.
What would you do with an additional $1,000 to $10,000 a month?
We’ve covered the dynamic of the W2 hamster wheel here before and the reality is even if you’re making up to 150K in a high cost part of the country or world (SF,NY,London, etc) you’re going to be running basically flat.
Our online friend Bowtied Broke covered part of this dynamic last week when he shared his 401k balance after maxing it out for years and climbing the corporate ladder to the highest rungs — which got close to $550,000 after 20 years.
Even that, wasn’t enough to guarantee retirement or financial freedom in his older years. Accounting for inflation and rising costs it’s really not going to cut it.
This should be a wake up call for everyone banking on corporate stability or base salary bumps to make it!
It’s not going to be enough. Let’s get into the fastest ways to start making money online this week.