I have just recently taken an interest in IM and started reading here. There is a ton of info and I would love to know where to start. I know there are tons of ways to make money online and I want to do the research instead of just seizing on the first thing. I hope that by providing some info, I might be able to get some direction on what might be a good place to start, for me.
What I DO have:
1) Patience. I have a stable full time job, making ~$75k, so I am no in need of immediate money.
2) Capital. I have about $50k in non retirement stock. Naturally, I am not looking to throw it away. I do not want to buy a get rich quick scheme but I have money to invest in necessities. The more things take off, the more I would be willing to invest.
4) Realistic expectations (I think, tell me if I am wrong here). I am bored at my job and I want to travel. I would love to make $40k a year over the web and travel around some countries where you can live well on $40k. Of course, I might get hooked and decide I want to make a lot more than that but my success standard is $40k a year, working no more than 30 hrs a week. That said, I get the impression that making any money is the hard part and, once you start, it's not that much harder to make $100k than it is to make $40k. But you can tell me! That's just my impression.
5) Ability to research. I like learning new things. I often take interest in new subjects and research them on the web, just for fun. That's why I think this might be a good business for me.
6) A level head. I am 40. I invest in stocks, I eeked out a living playing poker, I know there are ups and downs and variance. I look at long term income and I understand that there can be a lot of ups and downs in this business. I don't get overly emotional about negative events in the short run.
7) Freedom. Sort of. I don't have any family or a wife. I do have a house and a job, neither of which I am all that attached to, both of which are "OK", for now.
What I do NOT have:
- Any real knowledge of IM. Every thread that I read today has acronyms I had to look up lol. SEO, JV, etc. I still don't really know the way this works, except in the most general aspect.
- Tons of time. As long as I have my current job, I can't spend all day working on this. I can do 16 hrs on the weekends and probably 6 during the week. If I get to the point where I don't need my current job, I have no problem working 50 hrs a week to get things going with the aim of reducing hours as I go along.
- A product.
- A specific passion. There are things I am interested in, such as bodybuilding and nutrition, but I am not an authority. I haven't written articles and I haven't had a life long, overriding passion or anything.
- A sales or marketing background.
- Experience writing articles. I write posts on forums and I am literate and educated but I am not a professional writer. I like writing but I don't know if I have any particular talent at it. As you can probably tell from this post, I probably write too long lol.
- A large network of people, either business or friends. I have gotten too comfortable at a job, starting off as a programmer and working my way into IT project management. I realized that I don't have a passion for it, recently.
Thanks, in advance, for any advice!