All of my income comes from the internet. To some people this could be a good thing, or a bad thing. It all depends on how you look at it. Before we go into talking about the pros and cons of online income you need to decide when it is a good time to rely 100% on online income. This was an easy decision for me. I was working at the mall and when I started making more money off the internet I decided to quit my job and do the internet full time. Because if I was making more money than my day job only doing the internet thing part time I would make even more doing it full time. You have to decide when it is a good time for you to call it quits. It all depends on your expenses and if you are making that plus more each month from the internet.
The Cons
I would say the worst thing about relying 100% on online income is the pay times. Most 3rd party advertising companies have a 30 day net payment period, which means what you earn in May you won’t get until the end of June. But a lot of companies have 60 day net’s which really suck. You don’t get what you earn for 60 days! After you start earning it is not that bad, but if you had a normal job you get your paycheck once a month or every 2 weeks.
The next thing that sucks is if your traffic is low you make less money no matter how many hours you put in that month. So if I work my ass of this month and traffic on my sites are low I will make less than I did last month. At an ordinary job if I work more hours I get paid more…well usually unless you’re on salary.
Just like the net payouts advertising companies have a set amount of money you need to earn each month in order to receive a payment. It is usually $25-$50, but some are $100. I really do not have to deal with this problem, but if you are not making much you won’t get paid until the next month’s earnings have been calculated. Your earnings from the previous months are added on.
Finally the last downside to relying 100% on online income is that you are your own boss. Why is this is a bad thing? Well most of us are used to being told what to do. We go to work and there are things we are told to do. When working for yourself it is hard not to become lazy and it is even harder to keep on task. I have had this problem many times. Then when I get my Google money in and see how low it is I get motivated and get back on task!
The Pros
I would say one of the best things about working for yourself and getting all your income online is that you don’t have to put up with a shitty boss. I’ve have some very crappy boss’s over the years and I’m glad I don’t have to answer to anyone except for myself. But as I said above being your own boss can be a bad thing too.
What’s great about most of the online advertising companies is you can see how much you are making. Unless you are on salary you really don’t know how much you are getting paid at the end of each month at a regular job. You may have some idea, but you are never sure. Each month I know how much I’m getting in.
With making money online the limits are endless. Working at a normal job you are on salary or get paid per hour so there is a limit, I mean there are only so many hours in a day. Some people have made more than I make in a year in just 1 month! This does not mean if you work more you will get paid more though!
You can work from anywhere there is an internet connection. I love this! I don’t have to worry about missing work because I can logon to my sites as long as I have an internet connection. So going away on vacations is not a problem as long as where we are going has an internet connection.
You are always making money. If you are running websites they are always making money for you. You can be sleeping and your sites are making money, well as long as they have ads on them!
So those are some pointers about relying 100% on online income. Believe me I enjoy working for myself and not having to deal with a boss. Hope this article was helpful.