Featured Posts

Is Tesla Still a Worthy Investment? "Is Tesla still a worthy investment?," asked a friend of mine who read my article which I wrote back in June of last year. A lot has happened since then. Tesla stock has doubled in price and Elon's presence in the media is omnipresent. This guy is one of... Read more

Year 2013: My Favorite Personal Finance Articles It is hard to believe but, indeed, year 2013 is in the box. For stock investors, it was a banner year. Nasdaq finally climbed back to its old highs and other indices performed brilliantly as well. While pundits on the Street may have tried their best to... Read more

That Mutual Fund is Robbing Your Retirement "I don't take risk, so I invest in a mutual fund," said a friend with a smirk. He is not alone. I have known many friends who take pride in handing their hard-earned money to the Wall Street gang. If you are one of the proud mutual fund investors, I am about... Read more

How to Make Money Online Internet has definitely transformed our world. From a street smart's perspective, Internet has ushered a new era of knowledge that was confined in the walls of libraries around the world. It has also made harder for biased journalism to twist facts and control... Read more

How to Invest Money in Any Market [caption id="attachment_4819" align="alignleft" width="640"] photo by: Grant Wickes[/caption] Let's face it, not all investments are made equal. How to invest money is  as much or more important than how to earn and save money. I have known many friends who... Read more

Mr. Money Mustache and Jim Collins: An Interview [caption id="attachment_4746" align="alignleft" width="640"] ....photo by: timmycrockery[/caption] Mr. Money Mustache is the Babe Ruth of the early retirement zealots on the blogosphere. His fiery style with a touch of badassity has inspired thousands around... Read more

Tesla Cars: Why Investing in it May Make You Rich The investor of today does not profit from yesterday's growth. -- Warren Buffett If you are wondering, the title indeed  is dubious. And that's by design. I am not suggesting that buying a Tesla car may make you rich. At the hefty price tag, it can certainly... Read more

Is Apple not Paying its Fair Share of Corporate Taxes? Apple has been in the limelight again, but this time Steve Jobs is not around to vindicate it from tax avoidance allegations: It is accused of not paying its fair share of corporate taxes. Uncle Sam wants sweeter Apple as he is hungry. Common sense is uncommon... Read more

Life's Like a Football Game The biggest diverse, invasive or pervasive culture that human kinds knows is football and I love the fact that at the altar of football human kind can come worship and celebrate. -- Former Newcastle player Andy Harper Football is an amazing game. The thrill... Read more

Don't Die Like an Idiot: Create a Living Trust I confess that the title of this post is bit denigrating, but you will like it once you read this article in New York Times. We avoid thinking about our death and our taxes -- both are inevitable! Roman Blum, a holocaust survivor, left $40,000,000 estate... Read more

How to Build Wealth: A Do it Yourself Guide Investing is intimidating for most of us mere mortal souls. With so many ways to invest -- and so many products to choose from -- it has become a task as difficult as a task for a kid to decide which candy to buy from a candy store. We often ignore the hidden... Read more

The Fetish of Consumerism It is by the goodness of God that in our country we have those three unspeakably precious things: freedom of speech, freedom of conscience, and the prudence never to practice either. -- Mark Twain The assault on saving,  by our media,  is a common phenomenon.... Read more

Get Free Articles!

Proud Member of Yakezie

How to Make Money Online

Category : Personal Development, Personal Finance, Smart Investment Ideas

Internet has definitely transformed our world. From a street smart’s perspective, Internet has ushered a new era of knowledge that was confined in the walls of libraries around the world. It has also made harder for biased journalism to twist facts and control collective intelligence.

Internet has also morphed into a viable platform to make money online. Plethora of articles float around the subject of how to make money online. Countless bloggers teach you to make money online.

My friend Jonathan Fields sent me his book when it went to press several years ago. Career Renegade is a book for you if you aspire to profit from your passion.

How to Profit from Your Passion

You should do what you love and love what you do. That’s the mantra worth living for. Without passion, you succumb to mediocrity easily as no man can ever find happiness from work that lacks his passion.

The key is to find your passion first. What will you do even if you don’t get paid? As a business person, I have seen many who embarked on their entrepreneurial journey simply by choosing what they thought was the most lucrative opportunity around. Most have failed miserably.

Instead, think about what excites you most and start sharing your knowledge on the Internet. Soon, you won’t need a résumé because surprisingly more jobs will be offered to you without having a single resume. That’s the power of creating your own opportunity.

Find the Information Gap

Think about services and products built around your passion to start an online business. Try to find services or products that can improve lives of others. But most importantly, make sure that there is enough demand for the service or product that you want to offer online.

David Riklan launched SelfGrowth.com after he quit his full-time job to pursue his passion for personal development. His blog struggled to make money, so he committed to learn more about the top people in the personal development field.

Soon he realized that there was a need for a catalog of each successful person and  their philosophies. He worked tirelessly to create a comprehensive directory and gave it a name, Self-Improvement: The Top 101 Experts that Help Us Improve Our Lives.

Within the first twenty four hours, four thousands e-books were sold, generating over $100,000 in revenue.

Jonathan has featured many average people who have turned their passion into a successful business.

I know two great friends who have turned their passion into a great living by creating community and offering excellent courses online.

My friend Mary Jaksch has turned her passion for people and for teaching how to become an A-List blogger into a profitable business. Her A-List blogging bootcamp has grown into a six-figure income in a very short time.  She found her passion and she also found that there was a need for aspirant bloggers to have training to turn their passion into profits.

Another friend, Liz Strauss has also turned her passion for conversation into a thriving business online. Her successful-blog.com was launched merely to create a community of like minded people who can join and share their thoughts via comments on Liz’s blog. She used to ask a question and used to open her comment section as free-for-all so that anyone can join the conversation. Instead of using Google Adsense to monetize her blog, she started consulting and then launched SOBCon(Successful and outstanding bloggers conference) which attracted many bloggers to attend an annual conference in Chicago.

 Learn to Share Your Knowledge

This book was written before Chandoo.org was launched. I admire Chandoo for showing the world that you can be in a remote village in India and still manage to create a thriving community of those who love to learn Excel. If you are Excel enthusiast, you will feel passion Chandoo has for learning and sharing Excel, and that’s the hallmark of making a great living by doing what you love.

Build Upon What You Know

In order to create a thriving community online, you have to find your passion and then use that passion to expand your knowledge. You may have to spend countless hours reading and researching about your passion. The fun part is that you won’t be alone in this journey. You will have a community to exchange your ideas and build upon your knowledge a day at a time.

In few short years, you will know more than a majority of people. You will become a knowledge magnet.

Although I have not made much money online, so I don’t know if I am qualified to discuss how to make money online. Nonetheless, I needed to write a review for this excellent book by my friend Jonathan.

Readers:  Have you thought about ways to make money online? Have you found your passion? Have you found information gap that you can leverage to monetize? 

Related Posts Plugin for WordPress, Blogger...