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Just Make Money Online

Making Money Online: What Keeps You From Doing it Full Time?

by Alfa Mercado on April 16th, 2008

CantWhile checking out the making money online as an occupation poll results, and found out that majority of JMMO’s readers are not doing it full-time yet, it got me thinking what stops one from fully jumping into the make money online wagon.

There are lots of factors to consider before anyone can decide to drop his current day job and get into making money online full-time:

- Viability of the online business or online job. What job or business you’re going to work on will greatly affect your decision. Does this online business interest you enough? How saturated is the market? Is your skill set enough to grow in this line of business? These are just a few of the important considerations if you are to gauge whether you can survive the online jungle.

- Financial status. If you don’t have an emergency fund, let alone seed money, it will be harder for you to follow your heart and start that web startup.

- Dependents. If you have, say five kids, some in high school, some in College, and you are the breadwinner, it will make you think twice whether you’re going to be all out in pursuing an online venture, especially if you’re not so sure if it’s viable enough.

- Tools. Same with financial status, an example is if you’d like to be a full-time transcriptionist but you don’t have the funds to pay for a foot pedal and a decent headset, it may not be high time for you to join the online force just yet.

- Scams. If you can’t distinguish the rotten apples from the good ones when it comes to online business opportunities, again, better learn more about the bad signals first.

I’m sure I haven’t even covered half of the reasons why one may not choose to get into making money online full-time. As for me it wasn’t a hard decision because aside from falling in love at first sight with making money online (how’s that possible? another story), I have no dependents and I was able to stock on theories that made getting it on first-hand not that too difficult.

Now how about you dear JMMO readers, since according to the poll, many of you are trying it as a hobby or as a part-time gig, what’s stopping you from going all out?

image credits to David R. Munson

POSTED IN: Ideas on Making Money Online, Online Education

11 opinions for Making Money Online: What Keeps You From Doing it Full Time?

  • Killer Pickle
    Apr 17, 2008 at 9:58 am

    Help me with this now. I have no dependents, I have an decent income with plenty of time on my hands, I am a good web designer and I own a couple of sites. I have been blogging on myspace for almost 3 years. Now you would think someone like me would be the perfect canidate for making money online. I have done so much research and developed so many different ideas and have saved so much money that it’ time to start. However, I started a blog to just test the waters. I have posted only 16 posts on this new blog about web design and marketing and so far I haven’t made a cent. Now I know I won’t be making money overnight but how long does it take? What (if anything) am I doing wrong. You have a blog that talks about making money online, well teach me. What should I do?

  • joseph
    Apr 18, 2008 at 12:49 pm

    I think the major problem people have as far as starting their own business is time. I would say 90% of the people who are looking to make money online don’t really have a lot of money or time. They have a full time job and often times their free time they just can’t afford to put into an online endeavor that is not certain. This is why I recommend to start making money with affiliate marketing, there is no need to put a lot of time into it and once you start making a decent amount of money, enough to quit your daytime job you can then focus on other methods simply because you’ll have more time.

  • Alfa Mercado
    Apr 18, 2008 at 9:01 pm

    @ Killer Pickle

    JMMO indeed has lots of suggestions on how you can make money online, it’s what it’s for.

    I’ve been following lots of web workers, including web designers, and I’ve found out that aside from web designing project, many of them are earning decent income online through sharing their knowledge - blogging is one way to do this and creating infoproducts such as reports, tutorials, podcasts, and videos can be good sources of online income as well.

    How long will it take before you make a decent income depends on various factors:

    - quality of service/content
    - marketing
    - monetization, etc.

    With blogging, you can blog everyday for 3 years and still not a earn a cent if no one knows about your site and/or monetization method does not suit your site’s audience.

    I’m not an expert in making money online as a web designer but I’m thinking that re-assessing that mix of factors I’ve mentioned might help.

  • Killer Pickle
    Apr 19, 2008 at 1:35 am

    @ Alfa Mercado

    I know that I am being hard on myself and being a web designer is tough especially freelance work. I feel like why should I build sites for other people to make money when I can build a site for myself and make my own money. If you could take a look at my site to maybe evaluate it and tell me what you think I can or what I have done good. That would be a great help and I would really appreciate it!

  • Nicole
    Apr 20, 2008 at 12:17 am

    Interesting article. I can answer it succinctly. I have an email group that I want to transition to a web-based community and I have no idea how to make it happen. I think that what I am trying to do is either the wrong thing to do or I don’t have the knowledge how to make it happen. I don’t build websites, or blog. I tried blogging and it didn’t resonate for me. I am also a writer so the format of blogging just was an uncomfortable fit for me. I don’t have the knowledge to build/create websites and honestly, don’t want to learn that either. But when I realized that my “hobby” of creating, moderating, maintaining email lists was how I spent a good portion of my free time a lightbulb went off. I just don’t know how to monetize that commodity. Until I figure it out… I won’t be quitting that day job.

  • abdsupra
    Apr 20, 2008 at 1:50 am

    yyyyyyyyyyyyyyyyyyyyyyyyyi

  • Not John
    Apr 21, 2008 at 7:05 am

    We are often our own limit when it comes to making more money. The current job is a crutch and yet we still need to pay the bills.

  • Aiden
    Apr 21, 2008 at 3:26 pm

    I must say a few things. First of all, I have come across a million and one blogs about making money online (okay, okay, maybe not quite that many) and most of them are either full of crap, or full of affiliate and referral links and nothing useful to anyone who is really looking to make money online. Your blog, however has some real information and makes the reader feel like you are here for more then just trying to make money. Thanks.

    As for why more people don’t work online, you are certainly right about it being for a number of reasons. Fear is one of them. Additionally a huge number of people who are looking to work online full time want something easy. They watch a commercial on TV where the woman or man has the great new expensive car in front of the huge new house and says, “I make $30,000 a month working part time when I want to, you can do it working in your PJ’s just like I do! Online!” And the site they go to wants them to pay $147.97 to find out how to do just that…

    Another group is lost as to how to begin. When they face challenges and hard times they would rather give up then press through. But no matter how you look at it, working online should be thought of as a business and will take time, effort, work, and patience.

    Time is certainly an issue for those that can’t quit their jobs. As is good quality resources for those that need info before they begin…

    So, there are many things that stand in people’s way. I am one who is working online full time. However, I don’t quite make a full time income online. It is growing each month and I am sure it will get up there, but it is only extra money or perhaps part time money right now. (We live off of my husbands income from working 66+hours a week). The goal is for my income to grow large enough to replace his and then both of us will work from home (that’s about $4K a month, plus the need for a nice savings just in case).

    Well, that ended up a lot longer then I planned. Thanks though! ~Aiden

  • Shai Coggins
    Apr 22, 2008 at 1:06 pm

    First off, @Alfa - Great post. Definitely hit a nerve with some folks. :-)

    @Killer Pickle - While I’m sure Alfa (& myself) would love to be able to help, evaluating someone else’s blog/site really takes a lot of time. And while I cannot speak for Alfa, I must say (being the owner of this blog) that I am unable to do this an individual basis. I wish I could do it, but there’s just not enough time in the day to do a proper review/critique of people’s sites. I can’t even do it, even if someone paid me. So, I’m not just saying that to try & squeeze out business from you or anyone else. ;-) However, if you wish, I can post your request as a “Community Workshop” kind of thing in this blog. I can ask you a couple of questions, post your comment and a link to your site - and ask JMMO readers to give their 2 cents in. This way, you can get opinions from folks who’d be happy to send you some critique. Of course, since it’s an open critique, all sorts of things can happen - and all sorts of information from different people may come through. But, if you’re game, then we can try this out…

    Joseph: Time is definitely an issue for most folks. But, time can be relative. Assessing what’s available to you can make a big difference in exploring various avenues of making money online.

    Nicole: If you have a community of people supporting what you’re doing, then you do have a market. That can be monetised in different ways, depending on what works on the particular group you have. But yeah - advertising, pro level subscriptions, affiliates, are just some basic ideas. Good luck with it - & let us know how it works out for you.

    Not John: Definitely good points. Making a jump is hard. But, it’s doable to a point, depending on the kind of support & circumstance you’re in.

    Aiden: That is probably one of the nicest things one has said about this blog. Thank you! I’m glad you think that way. And also - like you, I used to work full time online, but not making quite full time income. Eventually, I got here. Yes, different people will have different results. But, you seem to be working towards the right direction. And, it IS great to have that kind of support on your side. Good luck & looking forward to hearing your success stories.

  • Robert
    Apr 25, 2008 at 3:38 pm

    I truly believe that most people fail when they try to “work from home” because they fail to treat their business like…well…a business.

    Working for myself, I easily worked 90+ hour weeks for the first year-and-a-half. And I was barely scraping by.

    But I persisted, failed, succeeded some, failed more, and on and on and on.

    I’m not patting myself on the back, but I am saying that if it wasn’t for my lack of drive then I would have never made it. People have to have the right mindset to work for themselves. If they don’t, they can just forget it and save themselves a lot of time and money.

    I’m not saying that to be mean, it’s just what I’ve witnessed many more times than not.

  • People Who Say Making Money Online is Easy - Liars?
    May 4, 2008 at 8:04 am

    […] why not too many are making money online full time? You got it. It’s not easy. But why are there lots of people who say that people can make […]

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