Time is moneyThis question might be the most important question you need to ask yourself before you get started with trying to Make Money Online“Do you really want to start a business online?”  Seriously consider this question.  I asked myself this question recently and my answer was an obvious “Yes!”.  But after careful thought and consideration I realized this answer wasn’t good enough!  And if your answer is “Yes!” too, it isn’t good enough either.

It is the starting point and is definitely a requirement for beginning the process of making money online.  But we need to dig deeper into this idea.  Let’s get be below the surface into the inner workings of “Why” we want to get started with business online.

Ask yourself the following questions.

  • Why do I want an Internet Business?
  • How will an Internet Business change my life?
  • How much money do I want to make online?

This is vital to your success online.  Take a moment and answer the above questions.  For me I want to Make Money Online with my internet business for one main reason.  I want freedom.  This is pretty broad so let me explain.

Financial Freedom.   

Like most of America I work a regular 9-5 job and for the most part I live paycheck to paycheck.  At the time I am writing this post I am just 5 days away to starting my new job in technical support.  I been working in this field for about 6 years and probably will 6 years from now unless something changes.  I do not make a fortune, making around $40,000 a year is nothing to brag about and barely enough to live comfortably in CT.  My biggest motivating factor is that I want to be free from any financial strain.  I do not want to worry about trading hours for money anymore.

Freedom to do what I want when I want. 

This sounds pretty selfish, but let me explain.  It is more about me spending my time the way I want to.  To be able to work when I want to, to take days off when I want to.  Putting it simply, I do not want to be tied down to a strict work schedule anymore.  I know this isn’t the way we are told life is when we grow up.  We are told that you have to work till we turn 65 then we can enjoy retirement and do the things we always wanted to.  With the exception of our 3 weeks of vacation per year.  We will only ever truly see the goal of retirement if we have planned correctly, invested properly and to be honest, if we are still alive.  A bit morbid but a high percentage of us won’t make it to retirement.  I hope that’s not the case and we can look back on this and high-five each other saying “We made it!”.  So what about enjoying life now, now that we have our bodies in good shape, and our mind is still sharp.  I do not want to wait till I am old to enjoy life.  I am also not afraid to work and I completely understand that to Make Money Online it takes A LOT of hard work.  I am ready so bring it on!

How will an online business change my life?   

It will accomplish the above two ideas I mentioned.  I will be able to live my life with the freedom I dream about.  No more being tied down to a strict work schedule, making some CEO in a mansion far away richer and richer.  I will be making money online honestly and supporting my family, all the while being able to spend valuable time with them.  There is nothing that bothers me more than the idea of working 60-80 a week and making a lot of money, but have no connection with my loved ones.  Sure we will have all the new gadgets and cars, live in the fancy section of town, but this all materials I won’t take a U-Haul to the grave; I want a deeper relationship with my loved ones.  And I believe the way to do that is to spend time with them.  The biggest change in my life from an online business and making money online will be that I will have a life.  Not working for a living, trading hours for money.

How much money do I want to make online? 

This question is very important because it can drastically effect the business model we choose for making money online.  If we want to simply supplement our current income, perhaps we actually love our current full-time job.  Or for others we want to replace our current income from the online business.  For me I want to completely replace my current income of $40,000 per year and then grow that to support a family of my own.  This will not happen overnight and I am not looking for a get-rich-quick method.  With anything in life that is worth value, it takes time, and hard work.

Now go ahead and ask yourself the above questions, take some time to really find out your motivating factors and your goals with generating an income online.  When you have done that come back and share your thoughts in the comments below.