If you are wondering about how to make money online, you've come to the right place. Over the course of the next few months I will show you step by step how to make money online through passive income.
Many people are confused about how to make money online, some even doubt that it is not possible.
My aim over the next few months will be to teach you how to make money online and set up and run a (nearly) self automated online business, which will ultimately provide a regular monthly source of income. I will show you how by documenting my own business start up step-by-step, with video tutorials, worked examples and case studies. This should provide you with all the knowledge you'll ever need to run your own online passive income muse business!
- How the 4HWW Inspired Muse Design Guide
The initial inspiration came from reading Tim Ferriss’s book The Four Hour Work Week. I realised after reading the book that there was not a wealth of information out there to start up the specific type of online business Tim was referring to; this type of business often referred to as the 'online muse business'
Different in nature to the traditional business setup which you can find a wealth of information on, the online muse business model was an entity in its own right.
In my past I had setup and run numerous online businesses and had gathered a great deal of knowledge along the way which I am keen to share. Now I do not claim to be a master or guru of the internet, neither a predominant figure in the business world. I feel I’m more of your average Joe in many ways, and hope my form of communication in simplistic terms can be understood by many.
- What Is a Muse?
A ‘muse’ is a self-automated (or semi-self automated) online business which primarily involves selling digital or physical products for profit to help increase a persons passive income. An online muse business is generally set up to return small to medium sized profits on a regular basis with little maintenance. A membership website where a user pays a membership fee for access to ‘premium content’ would be an example of a simple muse business.
- Benefits of Starting a Muse Business
By setting up an online muse business you are able to increase your daily earnings anywhere from a few dollars to a few hundred dollars. Many people who have started an online muse business have quit their day job to concentrate on more enjoyable things in their life; whether this is travel, entertainment or spending time with friends and family. When you have more free time available and a regular source of income that doesn’t require you to be at an office for 8 hours of the day, the world is your oyster!
Other than the obvious financial benefits of setting up a muse business, there are other factors that may appeal to you. You get the opportunity to set up a business at your own pace (many people decide to set up an muse whilst still working at their day job), you can dedicate as much time as you like to it, obviously the more time you put into it the more you are likely to get out of it and it can be very enjoyable. Learning the psychology behind marketing, coming up with your own muse ideas, discovering a niche market and offering a service to cater for the demand can be invigorating, if not somewhat addictive.
Becoming your own boss and deciding your own hours of ‘work’ is, often seen as a benefit to most. And saving the best till last; in my personal opinion, I would say that the financially independent lifestyle is the thing that draws me most to operating muse businesses. The ability to earn passive income 24 hours a day is brilliant, knowing that when you wake up from a good sleep, you could be a little richer, have a little extra in your back pocket to spend as you please.
If it is THIS easy to make money why isn’t everyone doing it?
I never said this was going to be an easy process and it most certainly isn’t. However, it’s not as difficult as one might think. Though the work load can be daunting to many, if the processes are broken down into bite size pieces, an hour or two a day or even a week is all that’s needed to set up a profitable online business in less than 6 months.
Many people out there have set up a muse style website or business to make money, and many of these people are making good money from doing so. Any time you see a membership based website you see a muse - somebody making money from a relatively self-automated online business.
Can physical products be sold as well as digital products and services?
Most definitely! There are many ways to make money from selling physical products. In some cases you are able to make money selling products you do not buy or even see, through advanced shipping and payment processing methods like drop-shipping. We will run through these various methods in the guide as they can be quite overwhelming to many who first reads about them.
How do I know your method will work?
The simple answer: Because I am going to do develop a muse and document exactly what steps I take along the way. Only time will tell exactly how successful the MDG method will be. Watch this space…