I finally have an ecommerce store up and running! It doesn’t have many products yet, but I will be adding a bunch in the near future. I have already made a lot of mistakes and way overpaid for the site, but the lessons I have learned already are invaluable for the future. I hope to start other stores with higher margins and scalability in better niche markets as well.
I may end up deciding ecommerce isn’t for me and stick to real estate as my flagship to freedom. I am definitely interested in some sort of online business, though, due to the low risk/high reward ratio. I am quite proficient in wordpress and getting more familiar with the ins and outs of website creation/management, which is definitely a plus in this business, although you can technically outsource everything! We already have an idea for our next site and the wife might even lend a hand in it! I’ll definitely be posting the results of this endeavor in future posts. Oh yeah, and the amazon affiliate store I bought off Flippa has made like $5 in a couple months. lol Not good, but it was mostly an experiment too and I’ve learned a lot there too. Looking forward to what the future holds! 🙂
PS The site is http://www.glowstickjunkie.com, check it out! 🙂
Image: Michal Marcol / FreeDigitalPhotos.net
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What are you doing right now to fund your freedom? While some of you may be maxing out your 401k or IRA, a lot of people I know personally seem to not worry too much about the future. While traditional methods like I just mentioned are better than nothing, I would highly recommend that people take measures to fund their freedom now to get out of the rat race!
It is surprising to me how many people are willing to sacrifice an amazing future, just to get by in the present. Does watching American Idol truly make you happy? Why are you willing to blow your money on stupid shit you don’t need, while being a slave to the system and the 9 to 5? Do you want to be able to take as many vacations as you want, do the things you want, and truly be free? Why are you sacrificing an amazing life by giving in to “instant gratification” having an entitlement mindset, and thinking you deserve the good things in life now, but are not willing to put in the hard work?
Most people prostitute themselves Monday-Friday only for the freedom of a weekend. How many times do we hear TGIF? Or how Mondays suck so much? If you want to be free from the system, you have to start doing the hard work, now, to live the good life!
If I told you I made 50k a year would you consider me rich? What if I told you I don’t have to work at all? Does that put a new spin on things? I am currently trying to hit my goal of 50k a year through my real estate endeavors and now my ecommerce and online businesses. These endeavors will fund my freedom. I am also willing to sacrifice things like shopping, driving a nice car, and other things most people feel they “need” in order to achieve my personal freedom from “the man” and the system. Time is our most valuable resource.
TAN: You must start looking into the methods that will help you achieve your personal freedom. The key here is that you must learn something new and be able to apply the knowledge. You cannot expect to sit back and win the lottery. Learn a useful skill and offer your services, learn how to start a website and make money online, learn how to save money – all of these things will help you to fund your freedom. Basically, if you’re sitting around doing nothing in your free time, you are wasting precious time that could be used to create for yourself a better future and an amazing life. You must be able to create value in some way, then the money will take care of itself. Invest in yourself now; I guarantee it will pay off in terms of a better life! 🙂
Since I have the next couple months free, I figured I would try and diversify my income streams by making money online. I recently acquired a couple sites, one is an amazon affiliate store that I think will be a flop. It is mostly just an experiment. Another is an actual online store that has dropshippers or I could buy the products wholesale and ship them out myself and increase my margins. I will definitely post more on the topic of online businesses and whatnot. It’s kinda funny how my blog is taking a similar path to Kenric’s on livelearninvest.com. He started in real estate like me and moved on to ecommerce. We’ll see how it goes!
TAN: If I were someone looking to make more money, I would start learning at least basic HTML, SEO, and perhaps getting familiar with wordpress or other platforms. You must start acquiring the knowledge now to make a better future for yourself. If you don’t change your actions, your life won’t change for the better. Unless you get extremely lucky like win the lottery or something, but I wouldn’t bet on that happening! My experiences with learning html for random websites when I was a teenager and through college combined with posting on my blog here as well as other research has all culminated up to this point, which is why I believe I will succeed in this area.