How to Start an Online Business
426: In a World of Wage Slavery, Build the Exit
Morning all.
Crypto and markets are chopping, and besides sitting on our hands, doubling down, or panic selling, much of what is going on is out of our control in markets. This is a good and a bad thing.
Bad in that nobody can truly predict what happens next.
Good in that it frees up some time and focus for more productive endeavors.
I talk quite a bit about “side hustles” and “going out” on your own to start a business.
Most of you know by now I consider this table stakes in the world we now live in. High inflation, stagnant corporate salaries, soaring costs, and a cost of living that seems to climb with no end in sight.
On top of that there is the creeping state of the labor and job market. Try as they might, it is getting harder and harder for the powers that be to conceal the reality of work, employment, and job availability.
So today I wanted to offer specifics for all of those interested in starting something that can supplement and eventually, hopefully replace a job or conventional career.
Today we are walking through a comprehensive guide on starting a business. My speciality to date has been an online business, brand, or product so we will focus there but it is also worth mentioning these will be the types of services/ventures that define the future.
The beauty of those options is all you really need is a laptop, phone or wifi connection.
You don’t need family money, a trust fund, a factory, or a massive swath of land to get rich.
You need to simply begin.
Today is a comprehensive post covering:
How my business started - lessons I learned
An easy outline of apps, services, etc. to use
Business ideas/products you could start up today
The action points to begin making additional money online TODAY
The good news is — anyone with internet connection can do this. The bad news is, most won’t (generally the same people AGAINST paying for premium services).
Most will lack: a.) the consistency b.) the grit or worst of all c.) the initial move to start
Most will overthink, delay, or refuse to invest in themselves.
But if you’re still reading, you’re probably not most people.
All it takes is focus and commitment.
Making money online changed my life.
It allowed me more time with my wife and kids, allowed me to pursue new ventures in my professional life, and gave me a degree of economic freedom I didn’t have solely getting paid in corporate.
In the next 10 years I am a strong believer that those who are able to mark their territory online and create digital income streams are going to comprise the new elite. Stocks are one thing, crypto is one thing, having a job is one thing, but being able to make money online from anywhere in the world with a degree of freedom most people only dream about is true sovereignty.
The best time to start is now.
Ask yourself this.
Do you want to barely squeak by in the coming years constantly playing catch up or do you want to put in the work now to pay your future self?
That question was easy for me to answer which is why I started all of this when I did. I wanted true sovereignty and freedom, not asking my boss if I could go watch my son play soccer or constantly worrying that I’d be included in the next round of job cuts while I was on a family vacation, unable to enjoy my time away.
Let’s start with some of the instrumental lessons from my own personal online business journey and then we will get into selecting a product to sell, how to position it, and what the easiest methods are for getting set up quickly to start printing.
“Most people will never be free. Not because they aren’t smart. But because they never realized the prison was open. They had the key in their pocket the entire time: internet access, a bank account, and the courage to sell something real. The barrier isn’t capital, it’s conviction.
And if you’re reading this, you already know that.”
— Arbitrage Andy