kentclub
Newbie
- Dec 9, 2017
- 49
- 6
I am writing this post in hopes to find some guidance from this community as I am determined to start 2018 committed to one goal : to earn a living online and quit my job.
Now to start off, let me tell you a little bit about myself.
I'm a mechanical engineer, graduated in 2015 and been working for two years in the R&D department of a big company. I will be 26 next week.
Small detail : my contract has an exclusivity clause, stating that I can't do any professional work outside my company. I'm living abroad with my gf who still is a student, so I am supporting the both of us financially. I also can't stay unemployed for legal reasons, in order to keep my work visa.
Never been a fan of working in a company. I've always been very motivated to do what I do (been often described as "passionate") but at the end of the day, you get your mediocre paycheck and go home. I'm not a very workplace person either - maybe it's because I live in a different country, but I just can't connect with people at work even though they are all good people.
Last year, I read about a guy making a living online - and a good one too. That's when I learned there are other ways. Afterwards I spent everyday reading quora, reddit and blogs about earning money online.
In November 2016, I finally took the step and started an amazon affiliate website. I wrote 14 articles and almost didn't build any backlinks. Right now I have around 30-40 views/day and around 1-2 affiliate link clicks - almost no commissions earned so far.
I've spent the whole year learning about SEO and IM. I will soon have my end of the year bonus and after deducting yearly taxes and spendings, I will have around 1000€ to spend. That's 1000€ that I am prepared to lose on the path to glory, even though it may not seem like much. I can also spend an extra 200€/mo each month.
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I made a breakdown of what I could do to earn money online and hopefully get to that level where I can work from anywhere. Some estimations may be inaccurate.
One last note : I have "shiny object syndrome" and can switch from one idea to another so this time whatever I choose, I need to stick to it and never look back.
So here goes :
Negative sides : limited income - I don't think it will earn more than 1000/mo at most so I need to build other sites, which will also take a long time to rank and bring income
Negative sides : I'll probably get fired if my company finds out, even if I do it on my own time (hence the "safer" positive point)
Negative sides : finding a client that will pay for leads, time to rank a brand new website
I've been in Frank Hattchet's Online Samurais group for a while, seeing people’s success testing products and following Frank’s methods. He himself says that the bare minimum to start is 500$.
I feel like if you stick to it, and keep testing, this is a sure way to create a profitable business.
Negative sides : very time consuming, I could end up spending every penny without making a sale
So what do you think ? Am I lacking any perspective, looking at these choices ? What would you do at my place ?
Now to start off, let me tell you a little bit about myself.
I'm a mechanical engineer, graduated in 2015 and been working for two years in the R&D department of a big company. I will be 26 next week.
Small detail : my contract has an exclusivity clause, stating that I can't do any professional work outside my company. I'm living abroad with my gf who still is a student, so I am supporting the both of us financially. I also can't stay unemployed for legal reasons, in order to keep my work visa.
Never been a fan of working in a company. I've always been very motivated to do what I do (been often described as "passionate") but at the end of the day, you get your mediocre paycheck and go home. I'm not a very workplace person either - maybe it's because I live in a different country, but I just can't connect with people at work even though they are all good people.
Last year, I read about a guy making a living online - and a good one too. That's when I learned there are other ways. Afterwards I spent everyday reading quora, reddit and blogs about earning money online.
In November 2016, I finally took the step and started an amazon affiliate website. I wrote 14 articles and almost didn't build any backlinks. Right now I have around 30-40 views/day and around 1-2 affiliate link clicks - almost no commissions earned so far.
I've spent the whole year learning about SEO and IM. I will soon have my end of the year bonus and after deducting yearly taxes and spendings, I will have around 1000€ to spend. That's 1000€ that I am prepared to lose on the path to glory, even though it may not seem like much. I can also spend an extra 200€/mo each month.
---------------------------------------
I made a breakdown of what I could do to earn money online and hopefully get to that level where I can work from anywhere. Some estimations may be inaccurate.
One last note : I have "shiny object syndrome" and can switch from one idea to another so this time whatever I choose, I need to stick to it and never look back.
So here goes :
- Amazon Affiliate site
- Monthly "best of" kw volume : 800/mo
- Average commission : 15€/sale
- Required investment : around 500-800€ for PBN links - ranking site
- Time to spend : 5-10 hours/week
Negative sides : limited income - I don't think it will earn more than 1000/mo at most so I need to build other sites, which will also take a long time to rank and bring income
- Client SEO
- Number of local SEO agencies in my city : 3
- Required investment : around 100€ for domain, hosting
- Potential income : 800 - 1500€/mo/client
- Time to spend : 20 hours/week
Negative sides : I'll probably get fired if my company finds out, even if I do it on my own time (hence the "safer" positive point)
- Local Lead Gen
- Required investment : around 500 - 800€ (domain,hosting,PBN,articles)
- Potential income : depending on the niche 800 - 1500€/mo
- Time to spend : 10 hours/week
Negative sides : finding a client that will pay for leads, time to rank a brand new website
- Shopify Dropshipping
I've been in Frank Hattchet's Online Samurais group for a while, seeing people’s success testing products and following Frank’s methods. He himself says that the bare minimum to start is 500$.
I feel like if you stick to it, and keep testing, this is a sure way to create a profitable business.
- Required investment : minimum 500€ for testing, around 150€ for frank's shopify course
- Potential income : ??
- Time to spend : 20 hours/week
Negative sides : very time consuming, I could end up spending every penny without making a sale