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Making my own money from home.

Discussion in 'My Journey Discussions' started by toddy00, Nov 15, 2012.

  1. toddy00

    toddy00 Newbie

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    Making my own money.

    Hello all. This is the beginning of my journal. I'm going to investigate my potential at making money from my computer chair. I'm leaving the methods broad at the moment as I want to experiment and try out different strategies to see what works, but I hope to employ some of the excellent techniques I've already read on this forum despite being new to it. Hopefully this thread will eventually become a log of techniques and information that will be useful to others who are intrigued by the idea of making money from their bedroom desk but are intimidated / overwhelmed by the whole concept... I know I have been.

    This journal will add a consistency and regularity to my various attempts to earn money, I hope by updating in a structured and clear way that the rest of my work habits will follow a similar disciplined pattern, as I know you have to persevere to make this work! I apologise for the long text in this first post but I want to outline my motivation and mindset for wanting to start this campaign in the first place. I will use it an an anchor point so if I ever feel unproductive or am losing sight on my ambitions I can reread this and centre myself because I know this is what I really want.

    Why have I chosen to try and make money online?

    During the summer I qualified with my masters degree in architecture. This was the culmination of 6 years of hard work, study and a lot of student debt. Over 4 months have passed since graduation and with the current economy in the UK (where I live) I have had no luck in obtaining employment in the architecture field. I've tried really hard to make it work but I need to accept that this is something I will have to forget about for now, I need to make money to survive. So I want to make a really committed effort to create an online revenue before I concede to working a low paying job in a restaurant or retail. Of course there is nothing wrong with these honest jobs but I know I would be much happier if I could work from home, making my own hours, being my own boss making decisions. It's just the kind of person that I am, and I need to listen to that.

    If I can succeed in this endeavour I feel like I will have some control over my future and my ability to live a comfortable life without working a job I hate. This is my ultimate goal and just thinking about it makes me happy and full of enthusiasm. Ok enough talking from me for now! I will be making daily posts about my strategies and progress. Keep in mind that this is the very beginning of my adventure, so my progress will probably appear slow and unimpressive for some time until I pick up more knowledge and momentum, but you have to start somewhere!


    Best of luck to all of you!
     
  2. Andon

    Andon Newbie

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    Good luck! Subscribed!
     
  3. FJX

    FJX Jr. VIP Jr. VIP Premium Member

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    Goodluck. Happy to see people taking action. :)
     
  4. reeze15

    reeze15 Registered Member

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    hi mate, hope you get a full strength to learn and master in IM. cheers!
     
  5. littleg2008

    littleg2008 Senior Member

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    with that mindset you wont succeed.

    You first need to walk before you can run.

    By that i mean the most important thing you need to realise and learn fast (something that took me 3 years to discover and understand)

    Its worthless trying to do multiple methods at same time from scratch.

    you end up with none of them working.

    Far better to concentrate for a few months on 1 method that YOU believe in and have a personal interest in.

    Once you succeed once, it gets a whole lot easier

    Best of luck mate
     
    • Thanks Thanks x 2
  6. toddy00

    toddy00 Newbie

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    Day 1
    Today's profit: £0.00
    Total profit: £0.00



    Today has been focused on developing an online presence in an attempt to gain some freelance work. My history of design education has left me pretty handy with various creative tools like Photoshop CS5 and Illustrator. I'm also proficient in architectural design, 3d modeling and rendering. If I can put my best quality work examples out there and routinely check for people who might be interested I might get lucky and snag my first freelance project, I understand that getting the first few jobs will probably be the most difficult because I have no reviews or credability really.. I just have to make the portfolio examples as strong as possible.


    What I accomplished today:


    Created a designer profile on peopleperhour - a freelance website.

    Offering my services as a graphic designer for logos, business cards etc.
    Also offering my services as an article writer on this website. However I wonder if advertising as 'designer' AND 'writer' will hurt my image. I think it may be better to advertise only one of these as my area of expertise in case potential employers think I am a 'jack of all trades' but master of none. At the same time I don't want to be missing out on potential work as I really enjoy writing...


    Created a fiver profile and posted a few different fiver gigs.


    These focus on graphic design and bespoke comic creations. (One of my side hobbies is a web comic blog.) I'm going to try and get as creative and interesting with my fiver gigs as possible to see if I can entice people to buy. I like the fiver gigs because I can set up several different ideas and just leave them be for now, I'll be notified if someone is interested in purchasing one but for now I do not have to do anything more to the gigs I have posted. In the future I will explore ways to get the gigs better promoted and optimised.


    I will check for work opportunities on peopleperhour as part of a daily routine, sending proposals for relevant work etc.


    I'll devote the rest of my concentration outside of try to gather freelance design work to trying one single and clear BHW strategy. I'm resisting the urge to try and juggle different strategies at once. As user littleg helpfully points out in the comment above my best chance of success is to focus on one BHW technique, master it with full understanding and monetise it. I think it's great advice and I intend to follow it. Will update tomorrow more on the BHW strategy.
     
  7. MafiaBoss

    MafiaBoss Elite Member

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    You Will Succeed my friend :)
     
  8. toddy00

    toddy00 Newbie

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    Day 2
    Today's profit: £0.00
    Total profit: £0.00


    What I accomplished today:


    Submitted proposals for freelance work projects on peopleperhour.
    Received my first fivver gig comission (for a comic design for a book, but will not update profits until the payment goes through.)
    Created 2 new fiverr gigs.


    I've been thinking a lot about which BHW strategy I want to focus entirely on. I have seen people having great success with promoting click bank products through various sites and video reviews. I've also been intrigued by the concept of making niche websites and working on promoting them to a strong search engine rank - it could be a good way to learn a lot of things by doing these processes on a single website?


    I am considering maybe going down this option of pouring lots of research and attention into a niche - of course there is no guarantee of success on my first attempt so I'm wondering if buying a domain and hosting for a website is a monetary investment I want to make right now, I think I can still explore the niche idea and work on the SEO to promote it without having to buy my own domain, I'm thinking though blogspot or maybe squidoo lenses, at this point I think learning the techniques is the most important thing whilst reducing the operating costs on things like domain purchase and hosting.. at least for now until I gain more confidence that I will see a £ return from such an investment.
     
  9. Bestbuyfoam

    Bestbuyfoam Jr. VIP Jr. VIP Premium Member

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    Subscribed!!! I am going to keep an eye on your thread I love these journey threads...Good luck and keep us updated...
     
  10. toddy00

    toddy00 Newbie

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    Day 3
    Today's Profit: £0.00
    Total Profit: £0.00

    What I accomplished today:

    Bought a domain and hosting for my personal website:


    This is going to be used as a landing page with samples of my freelance work (architecture and graphic design.) I feel like a simple yet professional website showing some work samples is a really strong asset to have when I try to promote myself both online and in the real world too. I don't have huge experience with website design but I think I can follow a good guide I have seen and code a fairly simple html site and style it with CSS.. I can make a template for the site in photoshop that I'll be pretty happy with. Although the website is not yet designed I went ahead and bought the hosting (from godaddy.com) to motivate to get the website up and running quickly!

    Thought long and hard about my first IM strategy:

    First thing I want to say is niche research can be demoralising if you don't have the right mental approach to it! I've had countless initial ideas already that have already been explored and monetised by other people. At first I was a little sad that so many of my ideas had already been investigated by others, but then I realised it's actually a good thing. It's making me work harder and dive deeper into my research to produce a stronger niche subject. Hopefully having to continually work harder to find potential valuable niches in will sharpen my researching skills to a fine point. Nobody said this was easy work! I need to think long and hard about this - I need to develop the mindset of a successful IMer.

    I'm still exploring several potential niches at this point. One can sit and brainstorm all day about potential ideas, the reality is that if you do this you will just waste your time by following up leads that have long since been discovered and saturated, especially if you are new to this like I am. I think once my brain learns a successful pathway to identifying a profitable niche it may get easier to identify new ones after that.

    So what do you do to find a niche? BHW is a goldmine for this kind of research, one brilliant thread I found was posted 4 years ago and some of the tools may be outdated but I found the overall information to be invaluable. For my own clarity in this journey I'm outlining what my own work process and understanding will be for niche identification based on what I have learned from this great website:

    1) People search an area of interest - This is usually a physical product or a third party service of some kind.

    2) The unique content on my web page is what will rank it and attract people who are interested. I see this as crucial to the process. I have to offer something that isn't already being offered in this niche. I have to have unique knowledge or insight into this niche. But is this always possible? I will be laborious in my researching of course but unless I'm giving first hand reviews or speaking from personal experience the amount of NEW information I can give the web page is limited.

    3) I think the value I can provide then lies in how well I present the information that is already out there somewhere in the world on to a single page. People do not want to open 20 tabs of different information to exhaustively read about the niche, they don't want to have to go searching for obscure magazine articles that give them the information they want. If I can present the best of this information as polished, gleaming, well written pieces of brilliance and wisdom then I honestly believe I am adding VALUE to the world wide web. I don't want to be recycling garbage content and hoping for a few fluke visitors stumbling across it. I want the quality and thoroughness to be there.

    If I combine my desire to produce value and quality with the savvy to promote and expose the information I am providing to the right people then I start to get really excited about the possibilities there...

    OK I type way too much on these things sorry, but I am a visual guy. I like to physically type out and see the thoughts I have in my brain. It just makes the ambition clearer to me. I spoke earlier about the wild goose chase of brainstorming blindly hoping to hit a good niche by luck, and how futile this effort will be - because you are relying on luck. I need to do things to get the odds in my favour..

    To put it basically I need to develop an appreciation for existing trends. The more I understand of the world culturally, socially and economically the closer I can apply my brain to examine this information to identify trends. An easy way to get a head start on identifying trends is to see where people are currently spending money online. My first thoughts were Ebay and Amazon, global power houses in selling over the net. Their info on their current best sellers was easy to find and fairly predictable really. The same goes for a preliminary study into what are the most successful niche websites in 2012, you get a general brush stroke of what has been selling - what the trend is and where the money is going. It's crude but at least it's a start, basic as it may be I'm learning from the wider trends. I have a lot more to say about this but I realise I am creating an absolute mountain of text. I will find a way to consolidate my ideas in future before posting like this again!
     
  11. digitalsublime

    digitalsublime Regular Member

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    Welcome to the World of IM

    There are lots of possibilities..

    All the best mate!
     
  12. masush300

    masush300 Jr. VIP Jr. VIP Premium Member

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    wow this is good jorney
    interestin :D
    GUd luck

    LOl ur words are too long to read
    how much time u spent to write it :p
     
  13. Michael Knight

    Michael Knight Newbie

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    wish you the very best! I am also in a very similar situation. I'm going to subscribe
     
  14. toddy00

    toddy00 Newbie

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    Day 4
    Today's profit: £2.52
    Total profit: £2.52

    What I accomplished today:


    Received the commission payment from fiver $4 payment = £2.52

    Discovered a similar site called tenbux so I will be uploading the same gigs I have on fiver to this new site tomorrow.

    Downloaded a free trial on market samurai which I will try to use to help my key word searching.

    Registered on clickbank to have a look at further trends - to see what is being promoted and successfully sold by other people.

    So the strategy I'm beginning to develop in my head is to spend a lot of my time identifying a keyword niche that I believe to have a lot of potential. I've mentioned in earlier posts that I intend on being extensive in my research and preparation for each niche I study.. With this in mind I'm wondering if it makes sense to explore the different ways to monetise a single niche while I'm so focused on it?

    For example say I hypothetically choose to look at a niche in sushi knifes.

    I make a squidoo lens studying the history of the utensils used in sushi up to modern day kitchen preparation. I use this lens to use the amazon affiliate for sushi products.

    I make a google blog comparing reviews of some of the best existing knife products to attract ad sense related sushi promotions.

    I make a youtube video promoting a clickbank product that is a book guide to sushi preperation.

    I'm not sure if this is a good idea or not...

    Pros: I think using a spread of different methods to promote one subject helps diversify where the revenue can trickle down from.

    Cons: I have to promote and optimise every single one of these sites and videos separately.. Which takes a lot of time and effort. It may be better to keep all the information on one site and just give it a real depth of information so I am only promoting and ranking one thing. However I potentially miss out on making more money from the niche doing this.

    Will think more about this I guess.

    Ps. Thank you all for your support at the beginning of my journey. I love the community atmosphere BHW has, thanks guys!
     
  15. toddy00

    toddy00 Newbie

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    Day 5
    Today's profit: £0.00
    Total profit: £2.52

    What I accomplished today:

    Received my first commission on peopleperhour freelance website. I'm really pleased about this and hopefully after I receive a positive review from the client it will help my reputation on the site and lead to a few more commissions for me! Have been working on this freelance project today and been caught up doing all manner of personal tasks so not a lot of progress on the IM front today!
     
  16. toddy00

    toddy00 Newbie

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    Days 6 and 7

    Todays profit

    People per hour: £12.75 + £25.50 = £38.25
    Fiverr: £2.52
    Total profit: £43.29

    What I accomplished over these 2 days:

    Obtained and completed jobs on peopleperhour
    Completed another gig - comic book graphics
    Secured another fiverr gig.

    Thee bulk of the earnings today are from 2 jobs I got on peopleperhour website (minus the 15% commission they take, ouch!) The first job was a graphic design job for a flyer and the second job was 3D modelling a product design. I'm getting more success than I thought I would from this site so my progress on the the BHW strategy has been slow, but I really want to find the time to work on this as I would love a passive stream of income along with having my current method of seeking out and hunting work on freelance sites..
     
  17. toddy00

    toddy00 Newbie

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    Day 8

    Today's profit:£0.00
    Total profit: £43.29

    What I accomplished today:

    Obtained some on going through the month work on the freelance site, I wont see any profit from this until payment at the end of a 30 day period though.
    Finished a fiverr gig for a client (still awaiting confirmation and payment though.)
    Did some keyword research with market samurai while I still have the free trial - it's a pretty neat program!
     
  18. Uppa839

    Uppa839 Junior Member

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    Hmm you are taking an extraordinary long time with your keyword research. Personally I am not a fan of MS (tried it didn't really like it) so just to help you out these are some of the best keyword tutorials on BHW:

    http://www.blackhatworld.com/blackh...-absolute-newbies-guide-keyword-research.html
    http://www.blackhatworld.com/blackh...ethod-step-step-keyword-research-newbies.html
    http://www.blackhatworld.com/blackh...earch-find-what-ranks-post-panda-penguin.html

    Hopefully these give you a better idea as to what you want to look for. Make no mistake Keyword research is essential in SEO but you can fall into the trap of focusing too much on the keyword research and end up not doing anything with them.