If you still need to hold down a full time job while at the same time trying to build up your online portfolio you should be looking to build income from projects that take little time and maintenance. It's all very well for someone to write a book telling you to create a site then submit 5 articles a day for a month (This was really the recommendation in a report I read this week!) but it's not realistic. Yes you could outsource the work but you'd soon have spent $750-$1000 before you'd made a cent. This is now money that you have to recuperate before you are in profit.
I have lost count of the times we've had new members sign up who have spent hundreds of dollars on e-books and programs but have put none of it into practice because of lack of time. Or even worse have put it into practice but haven't had the necessary knowledge to take it any further and make a profit.
In one case a member had spent over $1500 and hadn't made any money back. What they failed to realize that no matter what the program or type of site you will still need to promote it.
I saw a thread in a forum this week where the guy was just starting out and had a plan to spend this week building 30 sites. I tried to explain to him that he would do much better by building 1 or 2 and concentrating on those but he was adamant that by building 30 he would find a few that would be successful. Unless he finds a magic bottle with a genie it's not going to happen.
You need to look for something that's quick to set up, requires very little maintenance and is easy to promote. Once these initial sites are making you money then you can re-invest some of the profit into outsourcing and take on much bigger projects. It's also preferable to make mistakes on small projects.
When I started out I created a series of Adsense sites, they were quick to build, I added some unique content to them on a semi regular basis and did a small bit of promotion work. This income soon built up until it was at a level where I could afford to undertake bigger projects and know that I would still have an income at the end of the month.
If you are starting out or have yet to be successful take advantage of the free resources around you. Earlier in the year I combined 2 free resources with 2 monetization methods on a domain that cost me $8. This site takes less than 10 minutes a week to update. So far it's earned me in excess of $300. This isn't a huge amount but it's a regular income that could help you to move on to bigger things plus it costs me nothing and it only takes 10 minutes a week. All I used was Wordpress and Google alerts and Adsense and a Data Feed.
Use as many free resources as you can find. The less money you spend creating your sites the quicker you'll be in profit.
At The Income Academy we are passionate about using low cost low maintenance methods of creating a solid online income. You can find out more by vising The Income Academy by clicking on the link below
