Books To Help You Make Money Online
If you are looking for some good books to help you make money online then you have come to the right place. Everyone keeps hearing about how so many people are making money online, but most people don’t know how to do it.
The truth is that it is like anything else. Many people will come up with ‘great ideas’ but only so many of them will play out. If you want to try and make a lot of money online then your odds are pretty low.
There is A LOT of competition these days, and unless you can come up with some niche that no one has thought of yet it is going to be hard to be a big earner. That doesn’t mean it is impossible, but it is best to keep your expectations in check.
Ten years ago there were still many niches that no one was involved in yet. Some people got in early, planted their flag, and have made good money ever since. Fast forward ten years later and there just aren’t that many left.
In our opinion the best thing you can do is have a well balanced attack when trying to make money online these days. There are many many options out there, and you never know which one will be the best for you.
How Should YOU Make Money Online?
Of course there are many variables at play here, particularly how financially secure you are at the moment and how big of a risk are you willing to take. Lets say you are fully secure at the moment and can handle taking on a risky venture that may not play out.
You have a couple years of life expenses saved up, are fed up with your 9 to 5, and want to take a real shot. Well then you can go ahead and try to start up some sort of online business knowing even if it fails you aren’t going to starve.
Many people looking to make money online are not that lucky. They are also fed up with their 9 to 5 but are in no position to do work now to wait on passive income later.
If you are in that position you need to find the right balance of getting passive income while doing other freelance work to earn money right now. Things like writing and clickwork can help you pay the bills, and work on your passive income projects on the side.
Why is passive income so great? Because once you have done the work you really are done. That is why it is called passive income, you are now getting paid for work you previously did.
Lets say you bust ass for 3 months and put up a killer website. You find a good niche and the site brings in $300 a month for you. Now $300 a month may not sound like all that much for 3 months of hard work but take a closer look at the math.
That is $3,600 a year and lets just take a 5 year window: you made $18,000 in those 3 months sitting at home working for yourself. OK, the asset will depreciate a bit over the years if you do absolutely nothing to keep up with it, so you can either put a couple of hours a month in on upkeep, or just accept $250 a month in year 3 and $150 a month in year 5.
Either way you are getting a pretty damn good hourly rate for working online from home and being self employed. This is the type of thing that all digital nomads want to achieve.
Sure, many are going to be hoping for even better payouts, we would all love to be rich. But remember, keep your expectations in check.
Tim Ferris 4 Hour Work Week
The ‘bible’ for passive income has to be ‘4 Hour Work Week‘ by Tim Ferris. This book will motivate you to come up with a great idea and execute it, hopefully it works out for you as well as it did for him.
He goes into great detail on how you can set up passive income streams that will have you set up for the foreseeable future. It is aimed at people who want to have freedom and travel, sounds like many digital nomads we know.
Rich Dad Poor Dad
The premise of this book is pretty simple, 2 guys can make the same amount of money and have much different bank accounts. Sure, this is supposed to be a post about ways to make money, but what good is it if you don’t know what to do with it once you get it?
If finances are something you want to improve on or you just want to get more out of the money you make then this is another must read.
Rich Dad’s Cashflow Quadrant
His first book was such a huge success he came back for more. He gives great tips on how to earn money the smart way so that it can go farther for you.
There is a reason so many sites like this one are suggesting his books: they work.
World Wide Rave
You want to earn passive income? Well you are going to need customers right? This great book tells you how to ‘go viral’ and get more eyes on your site or product.
Sure, simple SEO techniques can work just fine, but creating a buzz can work just as well if not better. Remember no publicity is bad publicity.
Here is another good book (actually it contains 2 books) with lots of ideas for businesses you could start up and how to go about it. Has lots of tips on internet marketing and how to get your product out there to the public.
The Freelancer’s Bible
One of the best ways to make money online that you don’t have to wait for is as a freelance writer. Depending how good you are at writing you might get paid as much as $50 for a post as long as the one we are writing right now.
However, that rate of pay is only going to go to the best writers, and there is a lot of competition in this market right now. The Freelancer’s Bible will help you figure out how to get started as a freelancer and see if it will be right for you.
When you first start out you are going to be fighting over low paying jobs to build up a reputation. Many people dabble in it, don’t like the process of finding work and just quit. The Freelancer’s Bible will tell you how to avoid that common trap.
This is the first book that is based on working for other people. Your goal should be to set up some sort of business or site that gets passive income. Working for someone else means they are getting a lot of the profits.
However as we mentioned before, not everyone is in position to put all their time into something that will only start to pay off down the road.
How To Make Money As A Clickworker
Clickwork is pretty much the easiest way to make money online. It also is one of the more low paying options, but the thing is anyone can do it. Not everyone can write well enough to be paid for it.
As a clickworker you log onto the site and do whatever work is up that day. Some days you might find yourself making $20 an hour all day, but they are few and far between.
Long term clickwork averages out to about $8 an hour. Not enough to get you rich, but enough to let you make money as a digital nomad.
For someone who doesn’t have a big bankroll built up and needs to earn some money while they wait for that passive income to come in clickwork is great. When there is good clickwork to do then you do it and make your rent.
When the clickwork sites are slow focus on the passive income.
45 Ways of Finding Products To Sell Online By Dropshipping
Here is another great passive income stream that many digital nomads are turning to. This book will help you find ways to get your own dropshipping business set up so that you can sit back and wait for the payoff.
What Online Work Is Best For You?
You know yourself better than anyone. If you aren’t a writer then don’t plan your future around freelance writing. If you have never run a business before then buy a few of these books and see if it is something you can handle.
The best part about making money online and being your own boss is the freedom, however some people can’t handle that. If you are the type that won’t work unless you are forced to do so then the whole digital nomad dream may not be for you.
But if you want to take the time to study up on it then you really can make money online. It may just be $8 an hour being a clickworker, or you may set up a kick ass dropshipping business that allows you to really work that 4 hour work week.
Some people like to branch out into a few different things so as not to put all their eggs in one basket. Others want to focus only on one and perfect it.
Do what will work best for you and give it a shot. If none of these books to help you make money online work out for you that 9 to 5 will still be waiting. Have some fun being a digital nomad for awhile and hope it works out, just know you will have to work for it.
Hopefully these books to help you make money online will allow you to find some new ways to earn. Remember though, if you can’t budget your money properly you will always struggle financially. Here is a great budgeting book for travelers.