One of the most common questions aspiring online entrepreneurs often ask is, how much money can I make with an online business?
That question is really difficult to answer because it depends on the business model you've chosen, products and services you're selling, money you have to invest in training and advertising, and your resourcefulness and effort.
I've seen lots of people jump from business opportunity to business opportunity, because they know deep down that they've surrendered to their mediocre job and life. BUT, they haven't made a firm decision to change and don't have the patience to realize that it takes time and THERE IS NO EASY BUTTON!
Click the video below to hear what my mentor and co-founder of the SFM, Stuart Ross has to say about it.
Click here to receive the video series Stuart mentions, that will show you how to earn money from the comfort of your laptop.
Stuart actually replaced his 9 to 5 income as an online affiliate marketer within his first six months of working online, so he knows what he's talking about. He's a very young multimillionaire, who made his fortune online and teaches others to do the same.
Stuart answers the question, how much money can I make with an online business, by saying that's like asking how long is a piece of string. He says that many people struggle to make money online while others make millions.
He's scaled several businesses to the multi-million level in only 8 years and that's an indication of what can be done.
1) He says that online businesses offer tremendous income potential because of scale. Products can be sold all over the world, not just in your local community. Stuart focuses on selling products and services that can be marketed globally. If you can take advantage of a global audience, why wouldn't you?
2) The second reason online businesses offer so much income potential is because they're up and running 24/7/365. Online businesses make money on Christmas Day, when no one else is working and while we sleep. He says that knowing his businesses are never closed is an amazing feeling. It allows him to fine-tune his profitable income streams and then repeat it.
3) The third reason online businesses offer so much income potential is because of info products. Stuart firmly believes in selling access to information. There's no production, import, export, storing, packaging or shipping. He recommends people start out selling, audio, ebooks, videos, trainings and tutorials, but they also teach people to import physical products and resell them online.
But, he really feels strongly about the income potential from selling info products because people can buy them and then instantly access what they've purchased and it doesn't cost anything to reproduce it, like a physical product would. That means much larger profit margins!
When the three benefits just discussed are combined into your business model, your income can be significant because the model can easily be scaled up.
Stuart says that if you asked him when he was 26 years old, when he got started online, if he ever thought he'd make multiple millions online he would not have thought it was possible. At the time his mindset was that you had to trade time for money and he found that's just not true in the online world.
He says that if you're prepared to work hard and focus on selling a product or service that you really enjoy, then the sky is the limit!
Most people who start online businesses are employees who are unsatisfied in their jobs and to live unsatisfied during the day and then come home to build an online business that sells something you're not passionate about is just adding more mediocre feelings to your life. Find something that fills you with enthusiasm and market that! Your chances of being successful are then much higher.
Matt T. Nathanson
Freedom Through Digital Education
Our core value is this - we want to help anyone who has the courage to step out of the status quo (your financial security in the hands of an employer) and drive into creating life on their own terms. All you'll need is a working computer, a decent internet connection and the commitment to learn the skills that will set you free. We help each other and if you're hoping to find a community of people who can answer the question, how much money can I make with an online business, you've found it!
Most of our community members were working to build someone else's business and someone else's dreams, but decided that life is too short. We all had "a-ha" moments and decided to recreate our lives by starting online businesses in our spare time. Join us and protect your income!
Meet Stuart Ross, SFM Co-Founder and Your Guide
"Welcome! I started my journey into the digital and entrepreneurial world with nothing more than perseverance, a laptop and a dream.
To date, I’ve created a multi-million dollar lifestyle business in the education and technology industry that I absolutely LOVE. My driving passion is sharing the know-how and mindset that lets others feel the same way.
The reason they call me The Freedom Entrepreneur is because I refused to accept the constraints of traditional employment. Having successfully found a better route, I’m committed to showing others how to live life on their own terms too."
Stuart and his team have helped thousands of people who want to be self-employed from the comfort of their computers, but don't know how. The SFM's Digital Business System and community are one of the fastest ways to get you from where you are, to where you want to be.
Four Principles To Create Your Best Life
PRINCIPLE #1 KNOW YOUR VISION
Stuart talks about vision moments. My 'vision' moment happened while on vacation with my kids. I realized that we'd made very few memories as a family, because of health issues that have prevented me from doing much travel, and because my career has me working weekends.
My girls screamed with delight, as they touched snow for the very first time and like a light switch, I instantly realized that no job was worth missing my kids' childhood and making quality memories together. That's the vision that keeps me motivated. I'm putting the effort in now, so I have free time and extra money to make memories with my wife and kids for many years to come.
PRINCIPLE #2 INVEST IN YOURSELF
"Every day I make sure that in some capacity, I'm investing in myself. Unlike school, as a self-learner, you get to choose the areas you're enthusiastic about and you get to choose the people that you're learning from."
The most important investment I've ever made has been in me and my education, not a 401k. The SFM will show you how to use the internet as a tool to support yourself from any location. The return on your investment is the ability to earn income, no matter what the economy is doing. Unlike traditional education, you'll have passion for what you're learning!
PRINCIPLE #3 DO THE WORK
Find someone who has what you want and do what they did! I live by this principle in every aspect of my life. Find someone who’s willing to teach, who's been there and done what you'e looking to do, and follow their lead.
My top goal is lifestyle freedom and knowing that the internet makes that possible, I tried to build several online businesses early on, without a guide, and failed. Then I found the SFM. Their experience and coaching allowed me to avoid expensive mistakes and succeed the second time around. They've made me into a successful online entrepreneur!
PRINCIPLE #4 KNOW YOUR VALUES
If you don't know your values, then it's time to uncover and illuminate them. Then, everything else you do will be aligned with your values.
One of my main values is family. I decided to make a change and learn the skills necessary to be self-employed online, so that I'm always available to make memories with my wife and kids.
God, integrity, loyalty, having fun, and passion are a few other values I hold dear. What values drive your daily actions?