There are many instances where people start their own business, but really have no idea what duties they’ll face in the near future in order to keep it running. I know that was the case for me. When I first started my business, I can’t say that I even knew it was a business. All I was doing was writing a few articles online. Sure, I had the idea of making money with it in the future, but there were definitely no guarantees!
After about 8 months, I started getting noticed by advertisers everywhere. Emails started flowing in pretty consistently and I was able to sell some ad space within the sidebar of my homepage. In April of last year, I had my first breakout month – I made $500! I was so excited. After all, I was getting paid for something I had fun doing anyway!
Within the next few months, I noticed that my income was rising. Soon I was making $1,000 a month, then $2,000 a month, and then I actually had a few months where I was able to make $3,000 a month! It was absolutely crazy! I knew that my luck couldn’t go on forever, but one can always hope, right?
Well, I was right, my luck began to fade. That $3,000 average soon widdled its way down to about $1,000 a month, which is still quite nice (don’t get me wrong), but now I realize that I can do more online. There’s plenty of money to be made on the world wide web, and I suddenly had plenty of ideas on how to shift some of that income my way.
A few of my blogger friends have had some good luck with online stores, and I’ve seriously been considering the new venture. Sure, I’d have to figure out which product I would focus on, and it’d probably be wise to get some merchant account services for business, but I am still in the very early stages of development. If I would happen to find the right product, I can see myself being quite happy with online sales.
Have you ever considered making money with an online store? If so, what challenges did you face?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.