With an online business, you also are able to work from anywhere you want, whether you decide to work out of your home or head to a café or co-working space. You can choose where to live, and you have the freedom to organize your schedule almost entirely as you wish.
The best part of it all is that you won’t be stuck in a cubicle all day long, or eat lunch at the office cafeteria, or spend hours stuck in rush hour traffic. And most importantly, your salary won’t be limited to what an employer is willing to pay you.
In the early 70s, Richard Russell, a finance writer, wrote the article, The Perfect Business. According to Russell, an ideal business included the following:
• Minimal labor
• Worldwide appeal
• Low overhead costs and capital investments
• Generates passive income
• Gives you more free time
• Is not dependent on location
• Provides you with fulfillment
If this doesn’t sound like a professional paradise to you, then maybe you should stay at your 9 – 5 job. However, if this sounds like a job you’d like to have, then an online business is right up your ally. In the 1970s it was difficult to come up with a business idea that corresponded to those criteria, but today it is entirely possible thanks to the Internet.
There are many ways in which you can make a living online:
• Monetizing a blog
• Offering to consult or coaching
• Creating and selling online courses
• Self-publishing eBooks
• Joining affiliate programs
• Selling physical products through eCommerce
There are unlimited possibilities for you to find your passion and make a successful online business that provides you with passive income and that will fit your lifestyle.
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