Viewing Making Money Category
17
Jul
2008

One of the biggest questions each entrepreneur will ask himself/herself in their entire life is... When do I quit my full time job... it's a question I've been struggling for a long time.

Some people will argue, quit as soon as you can so you can lead a happy life sooner, and I agree yet I'm a cautious person... I belie in balance and getting to your goals slowly but surely. One of the biggest things that kept pushing me to quit was thinking that I was building a business on the side working 2-3 hours a day and weekends and I was making some decent money and how much faster I could expand if I focused on it 40 hours a week.


26
Jul
2007

So a few months back I signed up for Kontera publisher account. Installation went smoothly and I've been making a few bucks everyday. But then over the next few weeks I've started getting a few complaints from my users, their complaint was that the site looked too spammy. And I agree.

This is the invisible line of running a website putting advertising on it. Its' the line that has never been clearly defined and it moves everyday, how much advertising is too much. So one of my first actions was to take down Kontera, it was just a few bucks a day so it wouldn't affect my master plan too much... yet the weeks after, I kept seeing the message don't put all your eggs in one basket... and I've preached it in the past as well.

The Solution

Pretty simple actually, I've took some time to analyize the Kontera and how it works, and came up with the conclusion that it works really for new users... as soon as people hover or click the links they realize that they just clicked on an ad, which is not bad but for returning users this just becomes one big eye sore on the website with having these double underlined links all over the content they're trying to read.


30
Apr
2007
I find myself often asking this question... when will I quit my fulltime job and work for myself... And by working for myself I don't mean find projects to work on for other people (at least not entirely). The problem is we spend the most amount of our time working for someone else. It's a vicious cycle that I hope when broken will reap major benefits.

I've been working for seven years right out of school and only for the past year I've really started looking at how to make money online, by using your own projects.


24
Apr
2007
People are always out on the lookout for how to make money…from my experience you need to start in your daily life. I’ve never been an advocate of buying expensive lunches or that cup of coffee for $5. Brilliant business plan BTW. I’m also not cheap, I spend money when I feel I’m getting a good value on something or celebrating a particular occasion, I think it’s smart living.

One of the biggest achievements I’ve accomplished to date was buying my first condo. I was 24 and after losing quite a bit of money on the stock market I finally decided to put my money into good use and buy my first home. The first step was getting an agent, they make sure you get out there and actually start looking J. I found a great condo that was on the market for 1 day.. a penthouse suite with an amazing unobstructed view of the lake. It’s small but the price was right. I purchased the condo for 189,000, that was over three years ago.

The condo market here in Toronto has been red hot, which is great but I wasn’t looking at flipping, I’m in it for the long run. See there is a few ways to look at a mortgage payment and I look at it this way… I used to spend $700 on rent plus utilities, when I got my new place it was going to cost me $1400 with maintenance. The way I see it is, I’m paying myself about $300 a month that’s the principal amount. So my cost goes down to $1100. Now I also got a bunch of great amenities and the luxury of living in a penthouse suite, not bad. So there is a little bit of a difference but not much, easily I adjusted to the new hike in my living expenses. See the brilliant thing about this is, just a few months ago I got an estimate on the value of my property and it’s valued at around 250,000. That’s about a 33% jump in my equity in just over 3 years, divide that into 3 years invested and each year I’ve made a potential additional income of $20,000. Now that’s what I call a sweet deal.


12
Apr
2007
I'm not sure how many of you listen to Coast To Coast AM but I try to catch as much of the show as I can. I was more of a fan back when Art Bell was the fulltime host. Anyway browsing some of the guest sites on the coasttocoastam.com site I noticed that a 99% of the people on that show had no clue on how to build a site. All the designs were from the 90s with no SEO or any other proper formatting behind them, the only thing they had was domain age. So I started thinking... I could do a lot better then that.

This is when aboutmyplanet.com was launched. It was originally supposed to be a website that talks about alternative energy, UFOs and other weird stuff. I got three other friends interested who also listened to the show, however after the initial interest they never ended up contributing much to the website. Again the word DEDICATION just jumps out at me.


12
Apr
2007
Over the past year I've been very intrigued by the top 1% of the people online who can actually make a living from some type of a business online. I say 1% because they're very hard to find and when you do find them not all of them are keen on sharing much about their success. There are a few like John Chow - Making Money Online who go into great detail on how they make their money. It's not easy but for a dedicated person it's a dream waiting to come true.

I'm going to start putting more effort into my personal blog here and try to reveal as much as I can about different techniques and theories that are available for making money online. I've been trying to break into the market over the past year and I think I'm on the right track. Every so often you hear of someone like Shoemoney who got booted to stardom very quickly and it's great to see but very rare. I hope that with a lot of hard work I'll be able to get to a level where I can be my own boss and dedicate most of my time to my online projects.


   

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