The majority of us are brought up in a culture where we are taught to follow a predetermined path. Go to school, go to college, get a high paying job. They tell you that a high paying job will give you a happy life. What they don’t tell you is about the long hours to be spent in that cubicle or office room where blowing your own brains off seems to be the only plausible solution to every problem.
High school and college graduates face incredible pressure regarding their choices for the future. Every career path they are eligible for appears alluring to them. Many screw up their choices and regret them as they approach their 40s. The once treasured decent monthly paycheck and car and house insurances diminish in value. They regret that they didn’t do things they wanted to while they were young. They regret letting other people’s opinions affect their decisions. And then some actually blow their brains off.
But there is something different about this generation and the previous one. This miraculous thing called “The Internet” has created multi-millionaires, even billionaires. You might’ve heard of a few of these Internet millionaire people. How do they make this kind of money?
Working on remote projects online can help you make decent money. I’m not saying that you will certainly become a dot-com millionaire. But here’s the catch – you work four times fewer hours than people earning the same amount in full-time corporate jobs.
In his book The 4-Hour-Workweek, Tim Ferris has named these people “The New Rich”, who govern projects only on the internet, giving them much time and liberty to work from anywhere in the world. They work only when they feel like working. You could be in Guatemala or Buenos Aires, generate a handsome income by working less than ten hours a week and you’d be making money even when you’re asleep. How cool is that?
You might be skeptical of this whole idea of The New Rich. Let me make it clearer and convince you that The New Rich lifestyle is the stuff of your dreams.
Consider your favourite restaurant. Is it popular? How much traffic does it entertain? The thing about conventional business like restaurants and grocery stores is that they’re dependent on local foot traffic. The more people walk into your shop, the richer you become.
Twenty years ago, only 5% of the people in the world had access to the internet and perhaps didn’t even trust it enough to buy stuff or carry out monetary transactions through it. Starting a restaurant seemed a more calculated, reasonable start-up idea. Now, over 50% of the population uses the internet i.e. approximately 3.5 billion people. Starting an online business and investing time and money on advertising will tap you into millions of online traffic from around the world. Since your online presence is similar to a shop but highly accessible as compared to an actual shop, you can imagine yourself attending to a million people at the same time. You would have more customers than a large mall.
If you type something on Google and click on any of the links on the search results, you will be redirected to an attractive looking website. Almost every one of the creators of those sites is generating money with people visiting their site.
Make your website accessible to more people, they click a couple of links and you get paid.
To join The New Rich, you have to keep certain things in mind.
Finding a profitable niche is crucial to any kind of business, conventional or online. Once the niche is selected, start reaching out to people. Email marketing and social media are a good start. Advertising on Facebook and Instagram will generate you a ton of traffic, surely worth your investment. These are the cheapest modes of advertisement.
Another invaluable aspect is to devise techniques to monetize your website. You can include ads from big companies and other websites or affiliate links that sell products or services online. Be sure to include these, or the tons of traffic you receive will be no different than money down the drain. One can learn after much experience in the field that there are several ways of monetizing a website.
Sure, circling the globe and working remotely sounds awesome but being a digital nomad is a process which requires tremendous effort and big chunks of your time. Making passive income is a gradual process and it can be tough in the beginning to attract potential clients to get your online venture up and running. Once you start bagging the bucks, consistent performance will earn you enough for the rest of your life.
These are the basics of living a fuller life while still making enough money to afford a lifestyle you aspire to have. Travel the world, make money, follow your dreams. You are free as a fish in the ocean.
The New Rich have turned the Internet into a shortcut to financial freedom in this ever-changing world, infested with devices, reigned by the supersource of information. Exploit the advantages the Internet poses, while information is free and easily accessible.
Are you ready to join The New Rich?