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I Work Off The Clock

Make money. Save money. Be happy.

I figured I’d just do a quick little follow-up to that post I did a couple weeks ago, where I decided to build 100 niche sites.  I already have 4 niche sites with 7, 24, 47 and 62 posts on them.  A couple of those are earning some money, but not really that much (average $10 to $30 per month each).

Well, last week I bought 6 more domains and so far have 3 new niche sites up and running, with 4, 4 and 5 posts on them.  Like my 2 older niche sites that are earning some money, 2 of these new ones are product-focused sites and will be monetized with Amazon links.  I really do think that Amazon sites are the way to go, but researching and reviewing products all day long makes me want to die, so I had to do some informational sites too, which I’ll monetize with AdSense.

Okay, I just wanted to share what I’m up to.

So what are you guys up to?

Are you building multiple websites or just focusing on one?

Any new projects or plans in the works?

Have you built your first niche website yet?

Have you added enough content to it to get it earning $20 per month yet?

If so…AWESOME!  What’s next?

If not…what’s holding you back?

Feel free to share in the comment section below…

For two and a half years now, I’ve been chasing the dream of passive income on the Internet. I’ve been earning passive income for long before that, but as far as making money online, that’s only been happening for me since March 2012.

Now, first, there are folks out there who like to nitpick and argue over words. They go on and on about how there is no such thing as passive income. Fine. This blog post isn’t for them, I guess.

The rest of us may now proceed.

I love passive income. The idea of building up a stream of income that continues to pour in around the clock – even when you stop working on it – now that is something to get excited about!

So I cannot speak from experience about every single source of passive income out there, but I can talk about what I’ve experienced, and those are primarily Internet marketing (blogs and niche sites), article writing (like for HubPages and Bubblews), banking and investments (savings accounts, CDs, stocks) and real estate (renting out property for monthly income).

Hands down, I’m going with real estate.

I don’t even have to think about it.

In my case, I owned a couple of warehouses and a farm (which I inherited). They were all paid off, so my expenses were crazy low. Mostly just taxes and insurance, with some occasional maintenance expenses and such. I’ve since had to sell them (I don’t wanna talk about it), but I dream of the day when I can set my family up like that again.

That is the way to go, and if I could do it all over again, I would go with real estate in a heartbeat. In fact, that is really my ultimate goal: to build up my little empire of websites and then cash out and put that money into real estate.

Now, some folks will try to argue that real estate is not so great, and that it costs you a lot in the long run. These guys are almost always talking about real estate with a mortgage loan. That is not what I am talking about though. Loans are a deal-breaker. I’d rather just save up my cash and buy a dumpy little mobile home in Barstow CA to rent out than to take out a 30 year mortgage on a nice house in a better area.

But that is just me.

Another objection is the market ups and downs. That is true, sometimes your property will be valued at less than what you paid for it. But no matter how bad the market sinks, guess what? A house is still a house, and you still have it. If its market value shrinks by 50%, do you lose 50% of your square footage? No. Can you say that about websites or stocks or mutual funds? No. At least with a CD or savings account, you still have your initial principal, but the returns are so low that you won’t really make much with them anyway.

But with property, even when the market is bad, things are still looking good for you. You just keep collecting your rent checks and ride it out til the market comes back up. Then you can sell, if you want to. Or you just keep collecting rent til the cows come home.

That’s my plan.

Cows. ;)

I spend a lot of money at McDonalds.

We’re talking close to $100 a month, all by myself.  Add in my wife and kids, and we easily spend $200 a month on this crap.

But I’m a blogger and Internet marketer, so you know what that means…

I take my laptop to wherever there’s free wifi and free refills, and I blog my brains out.

It works well for me.  My wife works part time on the other side of the island, so I drive her to work and cruise at the McD down the street for a few hours til she’s done.  It’s the same routine when she and my mother in law want to go out to the mall or wherever.

But McD is not the ideal place to get a lot of work done.  It’s noisy — especially right aroun 2pm – 4pm when all three schools across the street get out.  Frickin riot over here.  They even have a sheriff deputy sit in the corner booth during that time til all the teenagers move on to other places.

But still, I come.  And I spend my money.

But that isn’t good enough.

The manager here at the McD by my house has been eyeballing me for awhile, and when I went to get a refill and order a sandwich, she was sure to ask, “Did you buy this just now?”  Yeah lady.  I did.  And it’s my first refill.  And I have a receipt.  And I come here almost every day and help pay your salary.  And I sit quietly (unlike most of your younger customers) and I mind my own business and don’t bother anybody (unlike most of your older customers), and I always smile and say please and thank you (unlike…uh…unlike some of your own frickin employees).

So yeah, I’m a little irritated right now.  In the grand thing of things, it’s no big deal.  I guess I’m just not used to being treated that way.  There are tons of other customers that I see here every day who never get policed like that.  Fricking irritating.

But I know…policy…30 minutes…refills…yadda yadda…

I’m about to start camping out at Starbucks pretty soon here, but it’ll just be a matter of time until they start with the same routine, I suppose.

God, I really can’t wait til we move and I can get my own office.  Then I can have as many refills as I want, and I can plug in my laptop whenever I need to.

But how will I survive without all those free napkins?

Ah…sacrifices…

A couple days ago I was talking with my 13-year-old about my websites and trying to encourage him to work on his blog a little more.  I started him a blog when we were homeschooling him last year, and he has 35 posts (and 5 drafts in progress).  But he hasn’t worked on it since before summer.

So I showed him an item on Amazon that I had just sold through one of my niche sites the night before.  My commission for this item was over $12.  So I made $12 while I was sleeping!  Not bad, right?

Well, he perked up, so I asked him if he wanted to do some work on his own blog and see if we could get it making some money (it’s currently not monetized).  He was interested in making money, but he didn’t want to work on his website.  Well, that’s okay.  I’m not gonna push it right now.

So my wife walked by at this point and asked what we were talking about.  So I told her about how this little niche website I built and haven’t touched in over a year easily makes me money every month.  Last month it made about $10.  The month before, $20.  And for this month it already made $12, and it was barely the 2nd of the month.

So my wife stares off into space for a couple seconds and mumbles…

“What if you had 100 websites like that?”

God, I love this girl.  ;)

Race To 100 Niche Sites

So now I have a new quest!  I’m going to make it my goal to have 100 niche websites up and running with at least 5 posts each by the end of next year (2015).  Right now we’ve got our plate filled up pretty good with trying to sell our house here in Hawaii and move to California.

Not only that, but the money just isn’t available at the moment.

So our plate is full, and our wallet is empty!

But we figured out a plan to make it happen, though.  I currently have 8 websites, but one is expiring in a few weeks.  I’m totally done with it and will not be wasting any more money on it.  So that leaves me with 7 active websites.  Once we sell our house and get settled in over in Cali, then I’ll be purchasing 13 new domains, and those will all be built up into little niche sites, some monetized with AdSense and some with Amazon links.  I’ll also set aside $500 to build out more sites.  That won’t get me all the way to 100, but it will get me about halfway, and then I can use the income they generate to keep the project going all the way to 100.

So that’ll give me 20 websites by the end of this year.  Then I’ll build more every month through 2015 until I have 100 in total.  Then I’ll add some content here and there and let them age a little bit.  By the time they are a year old and it’s time to renew, I’ll keep the ones that seem to show some potential, and I’ll dump the losers and build some more.  The point isn’t to build 100 niche sites and keep them all forever.  That might be dumb, because some will be winners and some will be total losers.  But eventually — maybe within 2-3 years — I will have 100 or more niche websites, each earning me $10-$20 or more per month.

I can live with that.

Thanks, Babe.

Mwa.

We all know that motivation is an important ingredient in success. When you are highly motivated, you can climb over just about any obstacle that gets in your way on your path to success. High levels of motivation have propelled men and women to achieve great things throughout history, accomplishments that were once believed to be impossible.

It almost seems self-evident that you need a lot of motivation if you want to be successful at anything in life.

But is that really true?

2 Examples To Consider…

Take for instance, the goal of losing weight…

Do you need motivation to lose weight? If you don’t feel motivated, does that mean you cannot lose weight? Does your body know the difference?

Suppose you want to lose weight, but you feel completely unmotivated. What if you got on a treadmill and walked for an hour? You could spend that entire hour thinking about how unmotivated you feel and how you’re just not in the mood to lose weight. But what would happen? Would your body still end up burning off 400-500 calories anyways?

I think it would, whether you felt motivated or not.

You might also want to make money, yet you don’t have a shred of motivation to do so. But if you have a job – even a job you hate – you will still make money if you just show up and do what you’re supposed to do. You can hate every minute of it and have zero motivation, but you’ll still get that paycheck every couple weeks.

Motivation Isn’t Everything

Because of these two examples above, I think that motivation is not absolutely critical to success. I can look at lots of people who hate their jobs and have no motivation to succeed there, but they drag themselves to work every day and earn their pay, and they are way more successful than me when it comes to making money, even though I’m actually passionate about it.

The Power Of Action

Actions matter.

Motivation doesn’t move mountains, but actions do.

In the same way, it’s possible to move forward towards our goals even when we don’t feel any motivation to do so. If we simply do the things that successful people do, we will receive the rewards that successful people receive.

That is really pretty amazing, when you stop to think about it. I’m actually starting to feel a little more motivated just thinking about how high motivation isn’t the Holy Grail of success.

This means that we may be putting the cart before the horse and beating ourselves up for not feeling motivated.

What Comes First – Motivation Or Action?

So then, maybe we don’t really need to build up our motivation first in order to have success? It helps, of course, to feel passionate and excited about working towards our goals. It’s energizing, and being a highly motivated person can take us farther than we imagine.

But we don’t technically need it. If it’s there, great, but if it’s not, then that’s okay too.

You can literally succeed without feeling it.

And the cool thing is that motivation can also follow action and result from it. You don’t need to build your motivation first, you can leapfrog right over that hurdle and go straight to work doing whatever it is you need to do to succeed. Just taking positive actions – in spite of feeling unmotivated – can in itself be motivating!

Man, I’m getting pumped right now… :)

So what about you?

Are you stuck in a rut, waiting for inspiration to strike before you get busy? Could you short-circuit that process and just get moving, and if so, do you think that motivation and success would follow?