The best answer to the question “how to make money at home” is:
But back up a sec.
That keyword phrase above, “how make money at home”, is being entered by around 44,000 people every month into Google.
Same with the similar phrase, “how make money from home”.
And in answering that question, there’s surprisingly little competition. Only 5 pages in fact of genuine competition. Maybe because it’s flagrantly ungrammatical. But so what? This is the internet, dude.
How do I know all this? Because I do affiliate marketing from home, and make money from it.
And the reason I can do this and do it well, is because of a community called Wealthy Affiliate.
How make money from home
See that subtitle? I did it again. Keywords are cash in affiliate marketing.
Anyways, I’m going to talk about income. Cold hard cash.
Income can come in various forms.
- Active vs passive
- Secure vs insecure
- Scaleable vs unscaleable
- Recurrent vs one-off
- Tax deferred vs taxed at source
Jobs just don’t do income well
It probably won’t surprise you to know that your job, if you have one, falls on the wrong side of all of these divisions.
Job income is active, ie you have to work for it. Versus, say, share dividends, which continue to pay you regardless of whether you’re picking your nose or curing cancer.
Job income is insecure, you can be fired in a second, and that income stream is gone. A share of stock, on the other hand, is yours and cannot be taken away on a whim by anyone – that would be illegal, in fact.
Job income is unscaleable. There’s only one of you and only so many hours in a day, so only one salary you can earn. Investing in the stock market is scaleable because you can always buy more shares.
Job income is one-off in that you get paid once for that hour, or that month, and that’s it. Compared to a company share which can continue to pay you dividends over years and decades.
Job income is taxed at source, so it’s gone before you even see it. Income from small business operations is taxed at the end of the year, and you get to use numerous tactics to reduce it, like say, depreciation, or writing off losses. And you don’t get taxed at all below a certain threshold.
But, I hear you say, “I need an income in order to invest in the stock market or get finance to buy a business.” That’s right.
We really need some way of making cashflow, don’t we?
A way of creating an income stream which is passive, secure, scaleable, recurrent and tax-deferred.
The way of the future – affiliate marketing
I’m going to suggest affiliate marketing. What some people might call “blogging”, but with a business focus.
You can do it from home. You can do it whilst writing about what you love.
And it’ll make money for you even while you sleep or go snorkeling.
But where to start?
You’ll need support for something like this. Something which may be very new to you.
No doubt there’s plenty of snake oil in this arena. But out of the fog, there emerges a truly wonderful site which will help you to achieve a fully realised income stream with your own websites.
The right kind of income – a review of Wealthy Affiliate
Wealthy Affiliate is a bunch of different things. It’s a “university” for making money online. It’s a business network. It’s a website hosting platform. It’s a community of bloggers and internet marketers helping each other out for mutual gain.
It’s also free to join, and you actually get a lot of features for free. You get 2 free websites, for instance. A powerful keyword tool. And a whole video education course, also free. You could probably go on, armed with just those things, and make money online.
However, remember what I said in my last post?
Assets, baby. We want to acquire assets.
The premier asset in this day and age is a website. It’s virtual real estate. A cyberspace shopfront.
WA will show you how to choose the right domain name in the right niche, and where to buy it, and it’ll host it for you too.
But there’s really so much more. In my opinion, WA itself is one of the best assets I’ve ever seen.
I’ve learned so much in such a short space of time, I can’t begin to tell you.
It’s so supportive, so well set up. You’re basically taken by the hand and walked through the whole process, from inception to a full beast of an online money-churning asset.
When you pay to become a premium member, you get so much more stuff that it’s almost impossible not to succeed. And you get a network, and maybe even new friends. And a fully paid-up trip to Vegas, which happens annually for those who meet certain targets.
Well, okay, so you can see that I like it.
What’s the catch
Now, you wouldn’t be human if you weren’t asking right now, what’s the catch?
Well, the catch is you have to do some work. Some keyword research, some writing, some promotion on social media, and the like. Persistently, and consistently.
No such thing as a free lunch!
But, as we’ve seen above, when you do this you’ll be creating a very different kind of revenue stream.
A revenue stream that’s:
- passive – Once written, each blog post will go on earning money for you without you lifting a finger.
- secure – you’ll own your own domain, so long as you keep up the annual payment ($13.99 per year usually)
- scaleable – you can always write more posts, acquire more websites and join more affiliate programs
- recurrent – each banner or affiliate link can be clicked an unlimited number of time. Plus in some affiliate programs you get paid recurrently for revenue from that individual customer – so that’s recurrent recurrent income!
- tax deferred – you won’t even have to think about tax until you reach the 60k or whatever the threshold is in your country at that time.
And this is a full time income I’m talking about. Not just a bit of spare change on the side.
Some beermat calculations
I mean, it’s easy enough to do the sums.
Say you’ve got one website and you do 3 posts per week. Assuming 5 clicks of traffic per day per post, in one week you’ll get 15 visitors per day, or 450 per month.
In one month it’ll be 12 posts, 5 clicks makes 60, which makes 1,800 per month.
In six months it’ll be 3 x 26 = 78 posts. 5 clicks per post makes 390 per day, or 11,700 visitors per month.
Then in one year it’s 156 posts, 780 clicks per day or 23,400 visitors per month.
And these are conservative numbers. If 4% of those buy something that’s 936 sales each and every month.
Depending on what you’re promoting, well you can do your own sums. You get the idea, that the potential is colossal.
But you need education and support if you’re going to do something like this. That’s why, in order to be a wealthy affiliate, you need to join Wealthy Affiliate.
There’s no upsells, by the way. And no obligations. They don’t take any bank details up front. It’s not like one of those egregious dating websites. These guys are super legit.
Many of you will be thinking, I need to make money from home. Or wondering, can I make money from home. And the answer is yes, you can make money from home today. Or at least take the first step, and start earning within a week.
It’s a nice feeling as well, when you know how to make money from home online. Or how to make money from home on a low income part time, or in your spare time when you’re looking after children.
Just like everyone “has a book in them”, so everyone “has a blog in them.” You don’t even have to know how to “write”. If you can write an email to a friend, you can write a blog post. If anything, you’ll do it better than a professional writer, because it’ll be more authentic, more honest and unvarnished.
Make money from home fast – get Wealthy Affiliate in your home, fast.
That’s about all I have to say on that.
I’d love to hear any comments you may have, please leave them below, and happy income-creating!