My goal is to earn a consistent income from the Internet. I've read true stories of people making hundreds of dollars while they sleep, that's why I quit my previous job and tried to make money from Internet marketing.
Well, it's been 21 months since I quit my job and I'm still not making a consistent income from my online moneymaking activities. I've earned a few affiliate commission checks and Google Adsense payouts, but I usually get them every 3-4 months, so my monthly income is quite low. So my monthly income from IM is less than $100 and I'm not satisfied with this.
So I will write an inventory of my skills, assets, problems, etc. hoping that some of my fellow Warriors can give me some advice on how I can improve my current situation.
My Present Status
I'm single, currently living together with my family (Mom and siblings) on a rented house which my sister pays for. I don't contribute to the rent nor to the electricity, Internet and water bills because I don't have enough money (although I contribute a small amount every time I get a paycheck). I often buy groceries or food for the family.
I have a desktop computer which I acquired over a year ago, and my sister helped me in paying for the monthly installments. Good thing the unit is already paid for so I no longer have to pay for it or ask for help from my sister.
I work in my bedroom with an electric fan. It can get really really hot during the afternoon, so sometimes I work without a shirt on. LOL. It doesn't discourage me though but sometimes I wish I can work more comfortably, and I'm also worried that my computer might easily break down due to the heat of the environment. I'm planning to have an air conditioner unit installed but I have to save money for it.
My goal is to earn a consistent income from my online activities without sacrificing my good health. I'm working 6-12 hours per day and I want to reduce that to maybe 3-5 hours per day.
After that, I want to save money to buy a house or build one, so that I can live on my own and be independent.
If I'm successful and become rich, I want to tour around the world.
What I Currently Have
I have 3 websites where I'm earning income from Adsense (all in all they make more or less $1 per day). I have another 4 websites being planned and already with domain names.
I have a hosting account from Hostgator wherein I pay $10 per month.
I have several ebooks and video courses which I bought and downloaded over the course of a year and a half. A few of them were given free by their creators who took pity on me. Unfortunately, I wasn't able to read or watch them all because of all the distractions such as my freelance writing and web design jobs.
I am pretty good at writing and I've been getting jobs on Odesk. However, the pay is quite low. I want to write for my own self rather than getting paid a few bucks for my hard work.
I'm also quite good in making websites having made a few sites for clients. I'm fond of computer stuff so I quickly learn how to install scripts, troubleshoot, etc.
I am terrible in managing my time. I sometimes write plans for the day but I tend not to follow them and instead work on other things. I bought a planner but had few entries because I don't know how to manage my time properly.
I easily get distracted by lots of stuff such as browsing forums, reading blogs, Facebook, playing games, etc. I have done a better job at controlling them lately, but I still get tempted. Oftentimes my friends call or text me to go to the malls, eat out, watch movies, etc.
What I Think I Need To Do
1. I need to take a few days off from the computer. Go to a faraway place if needed. I need to clear my head and think about my future.
2. I need to get rid of educational materials (ebooks, videos, etc.) that I don't need and keep only those I think will be useful to me.
3. Set a few days to study. Read books and watch videos. Take notes.
4. Compile my personal plan of action which will be my guide and reference.
5. Create a daily schedule that I have to follow strictly and without fail.
6. Make it a habit to wake up early and sleep early. I'm a night owl and I often sleep at 2 in the morning. I need to change this bad habit.
7. Impose self-discipline and self-control. I don't know how, though (need your advice on this).
I have on my table several printed ebooks on various IM methods such as Adsense, Amazon, product creation, etc. Is it okay if I read them all, or just concentrate on one method? I don't know if it's okay if I read them all and work on 2 or 3 methods at a time. Or maybe I should read only one method and work on it until I succeed?
I'm leaning more towards creating niche sites with Adsense and Amazon. I love creating websites so I don't think it will be a big problem if I create websites for Adsense and also for Amazon. Let me know what you think.
I would love to hear your suggestions, questions, advices, etc. Thank you in advance!