I have money but no time - how do I make money

32 replies
Like the title says. Basically, I am working full time and cannot really make calls or check email during business hours. But I don't have many expenses since I am living with parents. Quitting the job isn't really an option. Maybe sometime in the near future.

Rather than invest in stocks and bonds and mutual funds, I would like to actively get involved in my own business. Don't really have much going on now except I am trying to start doing mobile sites, but that hasn't been very successful yet, I will continue that but am still looking at other ideas.

I have money that I can risk, but how do I go about making more, what type of services should I focus on? I know its a broad question, but I'm just looking for ideas.

There was a thread about what to do if you are desperate - my situation is that I am not desperate but am willing to work hard and understand the value of consistent action.
#make #money #time
  • Profile picture of the author Rearden
    What's your work schedule and where do you live.
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  • Profile picture of the author M Elrofai
    If you want to work with your own business, your'e always not gonna have enough time. Take things slow, and when your making enough money to quit, do it.

    Good Luck.
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  • Profile picture of the author MissTerraK
    Originally Posted by stranger11 View Post


    I have money that I can risk, but how do I go about making more, what type of services should I focus on? I know its a broad question, but I'm just looking for ideas.
    In order to answer your question, more information is needed.

    A good starting point would be in what areas your abilities, skills and talents lie in. Can you build websites, do graphic design or write, for example.

    Terra
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  • Profile picture of the author SShip
    How long is your lunch hour? Are you able to make some calls on your cell phone during that time and look at emails?
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  • Profile picture of the author socialentry
    You can't change shifts?
    You can't call on saturday? you can't call in the evenings different timezones?
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  • Profile picture of the author Demetrius
    If you really want to invest your money in some safe place, I would like to recommend you to invest your money in uinvest.com.ua. I have got this site's URL from one of the most successful and renowned blogger Jhon Chow's blog.

    As you do not have much experience in online businesses, this will be the safer option for you.
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  • Profile picture of the author iAmNameLess
    I don't think starting an offline business is right for you if you can't make sacrifices.

    If I were you, and looking to make extra money I would just set up some offers, and use paid traffic to promote those offers. You can have adwords running 24/7 and really not have to do much of anything else.
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    • Profile picture of the author stranger11
      I guess that's an option too. Don't know too much about "setting up offers" or adwords, but am willing to learn. Any suggestions on how to go about this would be appreciated.

      Originally Posted by iAmNameLess View Post

      I don't think starting an offline business is right for you if you can't make sacrifices.

      If I were you, and looking to make extra money I would just set up some offers, and use paid traffic to promote those offers. You can have adwords running 24/7 and really not have to do much of anything else.
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  • Profile picture of the author patriciaC
    I tried to PM you but I can't. If you could PM me that would be great.
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  • Profile picture of the author stranger11
    Thanks for the replies so far. I can build websites, and I am already in touch with people who do mobile sites and seo so I can hire them. I can make calls in my breaks. I can even do it while working, just not for too long.
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  • Profile picture of the author Aaron Doud
    Let me approach this from the idea of any business.

    You can be an owner without being a manager. If you have enough money you can pay people to run your business completely. Or you could partner with someone who needs money. They will provide the labor and you provide the capital.

    Think in terms of businesses where your money and knowledge can be used to make money using employees or partners.
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  • Profile picture of the author ours
    Set up such offers which you have knowledge else hard to manage team/work or hire some professional in that particular segment. Offer can be any product you can act as merchant or you can be an affiliate (so no need to worry about stock etc), you can also offer ebook and sell, you can also sell services and can associate with other reliable companies (generate leads and sell them - keep your commission).
    But first you need to make sure the resource who will work for you must be responsible and reliable else there will be lots of problem in long run.
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  • Profile picture of the author Jason Kanigan
    Since you cannot use your own time, you must either set up passive offers or use someone else's time.

    So you could use PPC and generate sales on niche offers.

    Or you could pay a salesperson, web developer and project manager to sell and make websites for clients, and take a percentage of the profit.

    Think: what can I do or set up so that I don't have to be involved except in an emergency, or for providing strategic direction?

    What can I do for clients in which they can accept a delay in communication, that will give me time to think and respond? Do I need to do this at all?

    IMO setting up a bunch of PPC niche marketing campaigns with the help of some expert IMers is the way to go. Once you set the thing up it runs itself, and you can make adjustments every so often either yourself or via paid "maintenance contract" with your PPC expert.
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  • Profile picture of the author abelamorales
    I would suggest becoming an affiliate of a high commission product and then use PPC ads to market it. This is probably your best bet because you can set this up all at your own time since you would be dealing with adwords instead with an actual client.

    Go to Digital Products Retailer: Affiliate Program & Sell Online - ClickBank to find a high commission product.
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    • Profile picture of the author stranger11
      Good responses so far. So one my options so far are to hire people to do the work, which is what I was thinking of initially. The other option is to do ppc for affiliate products. But I don't know much about ppc, does anyone have any resources that they can point me towards.

      Originally Posted by ours View Post

      Set up such offers which you have knowledge else hard to manage team/work or hire some professional in that particular segment. Offer can be any product you can act as merchant or you can be an affiliate (so no need to worry about stock etc), you can also offer ebook and sell, you can also sell services and can associate with other reliable companies (generate leads and sell them - keep your commission).
      But first you need to make sure the resource who will work for you must be responsible and reliable else there will be lots of problem in long run.
      Originally Posted by Jason Kanigan View Post

      Since you cannot use your own time, you must either set up passive offers or use someone else's time.

      So you could use PPC and generate sales on niche offers.

      Or you could pay a salesperson, web developer and project manager to sell and make websites for clients, and take a percentage of the profit.

      Think: what can I do or set up so that I don't have to be involved except in an emergency, or for providing strategic direction?

      What can I do for clients in which they can accept a delay in communication, that will give me time to think and respond? Do I need to do this at all?

      IMO setting up a bunch of PPC niche marketing campaigns with the help of some expert IMers is the way to go. Once you set the thing up it runs itself, and you can make adjustments every so often either yourself or via paid "maintenance contract" with your PPC expert.
      Originally Posted by abelamorales View Post

      I would suggest becoming an affiliate of a high commission product and then use PPC ads to market it. This is probably your best bet because you can set this up all at your own time since you would be dealing with adwords instead with an actual client.

      Go to Digital Products Retailer: Affiliate Program & Sell Online - ClickBank to find a high commission product.
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  • Profile picture of the author Justin Spencer
    Hello Stranger11,

    I have been in your shoes before. 16 Months ago I was a full time college student, with 2 jobs, a full-time girlfriend, and tons of expenses.

    I was able to quit college, my jobs, and leave my girl-friend, and i'm financially abundant. So i'm in a great position to give you a "one-up".

    Since our situations were similiar.

    Here is what I would do If I were you:

    1) Get crystal clear about what you want.

    Questions to stimulate thought:

    a) How much do you want to make per month?
    b) By what time frame?
    c) What vehicle do you want to drive in to reach your financial result?

    Do you know your options?

    If you're posting here, chances are you want to be a part of the internet germ.

    If that is the case, I recommend one avenue.

    1) Select a Niche that you're naturally curious about.

    If you can't think of one, try integrating curiousity into your personality in general.

    2) Saturate your brain with knowledge about that niche. Become crystal clear on it.

    3) You will then be equip to identify roadblocks other's reach when they are trying to get a certain result in that niche.

    example; (making money, losing weight, reading faster, whatever)

    4) You will then want to offer something of extreme value for free, and build a targeted following. You want to build a relationship - super quality list.

    5) Once you do this, you can sell without selling to your list, over and over again.

    In my opinion this is the best way to build a long-term stable, consistent online business.

    But more importantly you can feel great about it.

    Most people are after the money in regards to mastering IM. When you master the art of helping others achieve transformation results.

    Your wallet grows proportionately.

    Hope that helps mate.

    -Justin
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  • Profile picture of the author PsycFa
    Well the simplest way of making money without investing too much time is brokering or being the middle man

    Go to Alibaba.com, find wholesalers to hot products; go to stores selling these products(99% they are getting it from someone local to sell - thus way more expensive) - broker a deal; and dropship it to them

    simple as that.. use your brain and get some creativity going
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    • Profile picture of the author socialentry
      Originally Posted by PsycFa View Post

      Well the simplest way of making money without investing too much time is brokering or being the middle man

      Go to Alibaba.com, find wholesalers to hot products; go to stores selling these products(99% they are getting it from someone local to sell - thus way more expensive) - broker a deal; and dropship it to them

      simple as that.. use your brain and get some creativity going
      That sounds like a great idea , but
      out of curiosity, how do you do your due dilligence on Alibaba? It is rife with scammers.
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      • Profile picture of the author Irish Intuition
        What do you want to do? Do you want a fulltime offline business
        down the road, or just some extra income?

        The troubles you are likely having with selling mobile sites may
        be a problem in selling anything. How are you trying to sell
        the sites now?
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  • Profile picture of the author Kevin Perry
    I'm kind of in the same situation, but close to the Liberation stage (for any of you that have read 4-Hour Workweek by Tim Ferriss). I work shift work, so I have days off to manage my online biz, but I also employ a personal assistant and other online providers from oDesk.com that handle most of the legwork for $2 to $6 per hour.

    Hope that helps

    Kevin
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  • Profile picture of the author junioreality
    You will have to nail down a specific niche you want to get into. Do you want to offer Google ranking services? Printing services? Do you have people you can outsource this work to? Whichever route you go, hiring a telemarketer or partner to get leads for your service will be your best bet. Or on your free time, you can use automated tools for finding and contacting leads.
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  • Profile picture of the author KateSolomon
    First of all, it is important that you should know what exactly you are interested in doing. If you think starting your own business will be a good way to earn money, then make a proper plan, use the right strategy and then think of investing money in the right business. However, I feel doing business would require a lot of investment of time. My advice would be to take things at a slow pace. At present continue with your work; think about starting your business at a little later stage.
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    • Profile picture of the author DavePalermo
      I have the solution to your problem....

      Quit your job.
      Put the fear of God Almighty into your self then you will have no choice to succeed.

      Or if you have vacation time at your job, take as much as possible in 1 shot to work on what you want to do.

      Just trying to get you thinking..... outside of the box.
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  • Profile picture of the author stranger11
    Thanks for all the replies. It seems like the mobile sites are taking off. It was a good start because they are small projects and can give you a feel of how to organize your time in this situation. I will probably start another thread about how I started off.
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  • Profile picture of the author TeamOneStudio
    Don't give up. There must be hard time especially the new business is starting. To me, budget control is first, then planning, next, stay focus.
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  • Profile picture of the author Damienelsing
    I check out this summary, Its believed that to make money time is important but you haven't time to make money well there is nothing to say ! you have to manage time to make money.
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  • Profile picture of the author Matt121
    As what some of the warriors have said, take it one step at a time. You can prioritize on your specialized skill set and build on that to make more money.
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  • Profile picture of the author Shiga
    I think you should take your time!
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  • Profile picture of the author albertgeorge
    But for making money you should take proper time for care of it.I think all above replies are fulfill your requirement.
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  • Profile picture of the author Dimitris Skiadas
    Good piece of advice every other has given to you so far.It's really up to you.

    What do you want to achieve with your life?

    What are your personal goals?

    If i was in your shoes,(as i did before i quit my job to become a full time Internet Marketer), i would invest some money in a website that already would make some profit and had good potential to make more money.

    Check out Flippa or other places where you could buy a website with good potential.

    I did the same thing 2 years back and never regretted it.I invested 650$ for a site that was making 70-100$ per month. In 5 months time i had already made the 650$ i've spent(one month gave me 250$ in case you want to do the math).

    Wish you the best of luck and success.

    Dimitris
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  • Profile picture of the author Chris Gray
    select a niche which meets your interests. Fix a amount you want to invest in your business.

    Hire experts to do work for you and make money without spending much time.
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