Tweet

Yes, You Really can Replace your Income Online (and then some)

Guest post by: Craig Whalen

Article Overview: There absolutely are legitimate ways to make real, life-altering money online. The problem with the internet, though, is sifting through all the hype and junk offers trying to find out what’s real and what’s just hype.

Yes, You Really can Replace your Income Online (and then some)

There absolutely are legitimate ways to make real, life-altering money online. The problem with the internet, though, is sifting through all the hype and junk offers trying to find out what's real and what's just hype. I'd spent many years and many thousands of dollars doing just that...sifting through all of the junk; blowing money on one ‘get rich quick' deal after another...only to finally come back to reality and realize that online business is like any other business. It takes an investment of time and money and a real commitment to be successful.

Once I settled on that basic truth and started to get serious about making a living online, it became easier to recognize which offers were legitimate and which were just flashing lights and empty promises.

Now that I have a successful internet business, as I introduce my opportunity to new people, one of the more frequently asked questions I get is ‘why does it cost so much?' And, I guess, from the perspective of the average person looking for a way to make money online that's a reasonable question.

Most ‘opportunity seekers' are looking for a get rich quick deal and may not be interested in starting a real business that can earn them real money. They've not yet learned that basic truth that hit me in the face so many years ago: online business is like any other business. It takes an investment of time and money and a real commitment to be successful.

There is NO GET RICH QUICK

The first thing that the ‘opportunity seeker' must learn is that there is no get rich quick. There is no way to earn tons of money online with little or no effort. Unfortunately there are way too many unscrupulous people online selling that very lie.

With that truth solid in your mind, let's take a look at the costs of embarking on a career path or starting your own traditional franchise business.

Starting Down the Road to Your Career

Millions of bright-eyed young students enter college every year, ready to spend a small fortune and devote at least four years of their lives to a college education.

These days, the average college tuition runs about $30,000 per year for a private 4-year university. That's $120,000 per student for a 4-year degree...not to mention books, housing and utilities, food, and so on.

That's a huge commitment of money, time, and effort. And what's the goal? The hope of landing a job in your chosen field, working behind a desk for a boss that doesn't appreciate you and a salary that is laughable considering the price tag of your four-year degree.

The current average salary for a college graduate in the United States is about $46,000 per year. For an investment of four years and tuition and fees in excess of $120,000, I'd expect a better return! And imagine if you had to get student loans to cover your tuition. It could take you decades to repay those loans and you'll end up paying tens of thousands of dollars extra in interest!

That certainly doesn't sound like a fair return on investment to me. And in addition, you've spent all that money and years of your life just to join the ranks of the corporate worker, forced to live your life by someone else's schedule.

Owning Your Own Franchise is the Answer...Right?

Be your own boss. Earn the money you deserve and keep your own hours with your own franchise business...in Fantasyland!

The average startup costs for a franchise can range from $250,000 to $500,000. For this example we'll look at a relatively simple, low cost franchise: A Sub Shop.

A simple sub shop can't be that expensive to open. Then you'll just hire a few teenagers to run the place and retire on a beach and watch the profits roll in! Okay, let's get started by measuring the costs to open this little goldmine...

First, you have to pay the Franchise Fee to the Franchisor: $25,000. Then you're going to need to rent a building and pay security deposits: $10,000. You'll need to renovate the rental space to meet the Franchisor specs: $100,000. Now you need furnishings, fixtures, equipment, insurance, inventory, employees, indoor and outdoor signs, and so on and so on. When all is said and done, your simple little sub shop is going to cost you about $300,000...and that's just to get the doors open for business!

And once you are open for business, you're looking at opening early to prep for the day, working your shop all day long, and then staying late to clean up. You'll end up working longer hours than you did when you had a regular job!

Your Own Internet Marketing Business

As we've seen from the examples above, starting your career or your own business isn't free. That simple truth also applies to starting an internet business. But compared to the costs of college tuition or starting a franchise, the average costs to start an internet business are practically zero.

You're going to need a good reliable computer, access to the internet, be willing to learn and apply new skills, and have the drive and determination to do what it takes to succeed. These assets, combined with the proper online education, can propel anyone with a serious desire to become a successful internet entrepreneur.

Related Articles
  Residual Income Business Opportunities-Leveraging the Internet
  How Can I Make Money Online?
  How Do You Find Legitimate Online Home Based Income Opportunities
  Ways To Earn Extra Income Online From Home
  The Secret of Earning Online Income As A Beginner
  Do You Want to Earn Money Now Online?
  Online Business Ideas You Can Use TODAY!
  Is it Really Worthwhile to Have Legitimate Online Businesses?
  Home Based Business--Online Investment Opportunity for Everyone
  Home Based Business – Unlimited Potential Income for Everyone
  Searching For Ways To Make Online Income From Home
  Profitable Online Business Ideas To Make Online Income
  Residual Income Opportunities – How To Build Residual Income Online?
  Facts About Earning Online Income
  Ideas To Make A Home Based Income Online
  Online Home Business Affiliate Opportunities To Earn Extra Income Online
  Starting an Online Business: This Might Be the Solution You Have Been Looking for
  Do You Want To Make Online Income?
  What are the 3 biggest challenges faced by supply chain/purchasing professionals today? (Survey Result 1)
  Building a Residual Income

Article Tags: income online, internet business, make money online, money online, online business, work at home, work from home
Referred by: http://jaykubassek.com



Related Forum Posts
Re: What are your success criteria? - [quote="DwayneGarrett":1igrdgib]Out of curiousity, what has to be present for you to know that your business is a success? The top three things for me are: 1. Maintaining a 6 figure income year in and year out. 2. Creating and promoting my own products. 3. Income not solely dependent upon my personal effort. How about yours?[/quote:1igrdgib] I would have to say mine were: 1. Monthly Residual Income that exceeds all expenses by 110% 2. Free time to create and promote my own products (relies on #1) 3. 5% of all revenues generated by my team going to feed starving kids Now that is "feel good work".
Internet Users Hbk http://www.internetscamsanonymous.com - Current site for sale of our handbook as a Clickbank product Welcome any and all feedback: Sale page Content Handbook Content Pricing Too Big Considering braking it to 2 volumes: Avoiding Scams Online and Doing Business Online and maybe ad 3rd volume related internet technology Kind of like selling preventive medicine!! Thank you in advance for your interest and comments
Re: What is your Business? - We are running a Online Marketing Firm and we have some good clients to which we are offering a complete Digital Marketing strategy like Search, Mobile Marketing, Branding and Design. I think in Online Marketing company online presence can be a wining factor for the success of the company.
Re: Review My: e-product sales letter - Hi Evan, It looks great! I'd but it beneath the first Paypal button and let the PS do the work beneath the bottom Paypal button. A couple of points on the wording: 1. The headline "This-better-work..." seems to start out as if the customer is speaking and end up as if you are speaking. Do you see what I mean? 2. Replace "it" with "them" (ebook and bonuses). Cheers! David H
What are your success criteria? - Out of curiousity, what has to be present for you to know that your business is a success? The top three things for me are: 1. Maintaining a 6 figure income year in and year out. 2. Creating and promoting my own products. 3. Income not solely dependent upon my personal effort. How about yours?


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

How To Improve Your CTA (Call To Action)

The OLD Way of Advertising, May Not be so OLD

The State of the Sustainable Furniture Industry

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.