Work From Home Online

Work From Home Online

Posted on 23. Apr, 2009 by Michelle in Work From Home Online

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Well where have I been you might ask? I’ve been busy! What have I been busy doing? Well I work from home online and have started carving a nice amount of income from site flipping. Site flipping is one of several methods of online income I use and I hope you are working on several methods too!

This post has been sparked by two things, one from reflecting on my online money making journey over the past three years and the other from when I recently worked on bedding down some serious plans for my next online projects. One thing I recalled is this; I first got really excited about online money making when I had an idea about scaling up one method in a huge way that could make me a lot of money! Luckily I realised early on that putting all my eggs in one basket was a mighty risky investment no matter how golden those eggs appeared to be.

You’ve heard of high paying AdSense clicks right? Well that’s what my entire plan was, to build high paying AdSense sites numbering in the hundreds! Is it doable? Absolutely! Is it profitable? Yes! Is it risky? You bet it is! And here’s why.

What if one day I woke up and received a note from Google telling me my AdSense account had been banned? My entire business would have crumbled to pieces. Forget about why and about defending my right to an account. If you’ve never heard of ‘AdSense bombing’ then Google it, you’ll quickly realise how you could get banned through no fault of your own. Further investigation will lead you to many innocent people with banned accounts and no matter how hard they fought to prove their innocence, many never get their accounts reinstated. I do have eggs in the AdSense basket but certainly not all of them!

Another example is putting all your eggs in the organic search basket. Let’s say you believe that all you need to do is rank high in the SERPs (search engine results pages) and you’ll have targeted traffic galore. So you work your tail off, analyse the competition no end, and slowly but surely claw your way to the front page of Google search for your targeted key phrases. Your traffic stats stabilize as does the income that traffic brings you and you see yourself quitting your day job any month now.

You wake up one morning and discover your site has fallen off the radar. Google have lost the plot! Your business has been relegated to page 100 and your competitors are still rooted to their positions! You see the dollars in your bank account turning backwards and wish to withdraw your resignation you shoved in your bosses face just the day before. Does this happen? Yes! Can you recover from it? Of course. How long would it take to recover? Who knows.

There are plenty of other online business models that can be pulled out from under your feet from factors that are out of your circle of influence whether that be economic trends, market trends or a simple thing as a slight tweak to the Google algorthym. If you work from home online or want to, then you need to be sure you spread your risk. I know some of you will be rolling your eyes thinking that you can’t get even one method to make you any money let alone several but you will and when you do, don’t sit back and rely only on that one method. Once you’ve mastered one be sure to start working on another. Some methods are more risky than others but if you’re aware of them then you can make plans to counteract that risk with more stable business models such as your very own list of subscribers.

Have you got all your eggs in one basket?

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12 Responses to “Work From Home Online”

  1. Simply StephenNo Gravatar (15 comments)

    23. Apr, 2009

    Michelle,

    What an insightful article. Good advice for anyone to follow. Like any investment program it is important to stretch your arms and put your money and time into a few things. Specializing is great but…what if the well dries up or bottom falls out. Thank you for putting it so eloquently.

    One key benefit of multiple streams of income is knowledge and experience. Each time the learning curve is reduced. It becomes easier to monetize.

    MichelleNo Gravatar (232 comments) Reply:
    April 25th, 2009 at 12:17 am

    Thanks Stephen, glad you liked the article. You’ve hit the nail on the head in terms of things becoming easier to monetize as the learning curve is reduced. Thanks for visiting!:)

  2. Amy BassNo Gravatar (1 comments)

    23. Apr, 2009

    This is why it is important to not only be in different markets, niches and types of information online. (Blogs, eBooks, Membership Sites…)

    It is important to have different traffic sources: Organic, Video, Article Marketing, etc… as well.

    MichelleNo Gravatar (232 comments) Reply:
    April 25th, 2009 at 12:15 am

    Thanks for visiting Amy.:) Membership sites are an awesome way to make money online and one you’ve truly mastered, thanks for the inspiration by the way!:)

  3. ForestNo Gravatar (21 comments)

    23. Apr, 2009

    Great article Michelle,

    As you know I site flip, am trying to build up adsense and now am approaching PPC.

    I’m hoping to build a good following on my new Blogging Tips Blog too… so hopefully when all these elements work out my eggs will be spread far and wide….

    …On another note I have not really been flipping this year and I would like to have a chat with you about the state of the market and what is working well, before I jump back in.

    MichelleNo Gravatar (232 comments) Reply:
    April 25th, 2009 at 12:10 am

    Sounds like you’re getting a few income streams underway Forest, I like it!

    I’m more than happy to chat with you about site flipping and I’ll be sure to cover off some points on it in future posts too.

  4. Mark at MeAndMyDrumNo Gravatar (3 comments)

    23. Apr, 2009

    I know someone who had their Google Adsense account banned. He had most of his business (maybe all) based on Google bringing him income. He got it fixed, but it was a little scary for him at the time.

    I’ve been slowly creating new “baskets”, but I wouldn’t say I’m totally protected yet.

    MichelleNo Gravatar (232 comments) Reply:
    April 25th, 2009 at 12:05 am

    Thanks for your comment Mark. Scary indeed for your friend, glad he got his account back, he’s very lucky.

    Slowly creating new avenues of income is a good thing, it’s no use spreading yourself so thin that none of the businesses ever get any real momentum. Each income stream should be optimised to a reasonable point and then move on to the next. Come back to your most profitable models later to build them out into your major businesses.

  5. RicNo Gravatar (5 comments)

    24. Jun, 2009

    Michelle, on the issue of adsense, have you tried or have an opinion on ad alternatives? Such as bidviser, adbrite or others? I too have that concern about google as we get deeper into this area.

    Regards.

  6. MichelleNo Gravatar (232 comments)

    25. Jun, 2009

    Hi Ric, no I haven’t tried the alternatives you’ve mentioned but I believe they’re very popular and imagine they would deliver to some degree.

    I don’t have time to do a case study on this at the moment but it would be really interesting to see how the various offers stack up against each other income wise. :)

  7. Ruri @ Free online article directoryNo Gravatar (5 comments)

    25. Nov, 2009

    Well, I already get all experiences you mention above. Up and down on online business is normal. Sometimes we get hacker attack, sometimes we got banned from adsense for unknown reason.

    However, We should keep trying hard. From my experience, using tools to faster our business success is a must. Doing all online marketing manually is waste of time.

    MichelleNo Gravatar (232 comments) Reply:
    November 29th, 2009 at 4:30 am

    Thanks for your comments Ruri. I don’t agree that doing all online marketing manually is a waste of time for everybody. Some people aren’t in a financial position to put money into things before they see any income results. I do advise though that as soon as possible, investing in tools, outsourcing etc will help speed up results.