Little Amounts Add Up to Bigger Profits Online

byLDSewell

3.1K followers

Updated 3 years ago

Many years ago I wrote and published my first book on Amazon and I started making money online. Once written and uploaded there was little else I needed to do really, and yet I began to get paid.

However the amounts were small - just a few dollars here and there, yet every dollar was and is much appreciated. Believe it or not that original book, now many years old and in need of an update - still sells and still makes me a few dollars on an ongoing basis.

Somehow, almost by accident, I learned to make money online all those years ago.

The fact that I had no idea what I was doing at the time did not deter me from doing it anyway.

For example, when I first published the first book it was way overpriced because I did not know how to figure out what price to put it at. I also did nothing to market it, and somehow people managed to find it and place orders.

Just a few... again nothing impressive for most people.

But it taught me that there was real potential for an average working guy like me to at least have the chance to make some money online.

Specialized Information Products (SIP's)

In my daily job, I was already teaching classes, conducting meetings, and coaching and mentoring people face to face.

The problem was multifold.

To begin with, much of what I was doing was as an employee and that meant my income was capped and there were parameters I had to operate within to meet the requirements of my employer.

I was also running my own recruiting and consulting company in the evening and on weekends for which I had control over my own work - yet the challenge for me was time and energy.

The money was good.

Through my business I was making multiple thousands of dollars each and every month - more than most full time jobs paid - and in addition to that I did have a full time salaried job as a Safety Director with good benefits, which also paid me tens of thousands of dollars more per year.

While I was making a lot of money, I was killing myself to do it.

Typically I was working seven days a week and routinely fifteen or more hours per day - and even though I loved my work it was all-consuming and unsustainable at that pace.

The more passive income that came in over time, the more and more my eyes began to slowly open to the possibilities specialized information products offered.

Online Courses, Publications, and Training

I had customers and clients who were willing to hire me to help them solve problems they were having and give the key information that could save them tens of thousands of dollars and years of trial and error in trucking.

Whether as a consultant or an instructor - regardless of titles - the core product was and is information.

But I needed a classroom or meeting room to be able to try to scale that by doing workshops and seminars with multiple people instead of just meeting with one or two at a time.

That sent me researching and looking at all kinds of options - all of which were costly in two ways.

The first was money... and the second was time. Time to travel there and back and time to conduct the event.

The money problem could be overcome by collecting fees upfront - and if enough attendees signed up it was possible to even get a training room for free if enough people were also booking rooms there.

Yet locations were often already booked and not available when I needed them - and there was still the time issue.

Searching for solutions led me to stumble across Udemy one day.

Business Online Solves the Time Problem

Just like when I published my first book - once again I did not know what I was doing when I launched my very first online course.

But once again I just did it anyway.

In the process, I studied hundreds of other instructors and looked at their numbers, their landing pages, how their courses were structured, and everything else I could find.

What I soon realized was that many online instructors only launched one course, and then never another.

I went back and looked at book authors again on Amazon - and found the same thing!

A light bulb went off inside my head.

It also called my attention back to the two main industries that I know very well and love - real estate and trucking.

In both industries, profits come from volume and systems more than anything else.

What I mean is that a single rental property (as an investor or as a property manager collecting a management fee) may be very little per unit. Yet when the numbers multiply - so do the profits. What individually is almost insignificant becomes substantial with more units.

The same is true with trucking. On a per load basis, the profit is slim - but as that is multiplied through more trucks (trucking fleet operations) the total profits can be insanely high.

Just as made up examples to illustrate the point, imagine a property management company that averages just $50.00 per month gross profit per rental unit managed. Doesn't sound like much does it?

Now consider that they have more than 1000 rental units under contract and are adding more on a regular basis over time. See how fast that adds up. ($50,000 per month)

Trucking operates on razor-thin profit margins - often just 5% or so of the revenue generated. In other words - of every $100 they generate the gross profit is just about $5.

While the specifics can and do vary depending on how efficient and owner operator or fleet is, and can be far more than that too - for the purposes of our example let's say the gross profit per load is (keep in mind this is after driver wages) is about $35 per load per day.

Again -doesn't sound very impressive, does it?

Now imagine a carrier (trucking company) that has 1000 drivers? ($35,000 per day!)

How about a larger company with 5000 or more? ($175,000 per DAY!)

Online Income Production Opportunities to Build Your Own Business Empire

The money can be very good in real estate and in trucking - but... the risks and the capital upfront to even try, along with all the regulations and business administration headaches make both industries far more risky and complicated than some would like you to believe.

On the other hand - what if there was a way that you could enjoy those same principles of compounding income without all the risks?

You can!

Online Entrepreneurship is your answer.

There are MANY different ways to make money online (and many more scams and guru garbage false promises too ; ) so carefully choose the income production opportunities that are real, and that makes the most sense for you right now.

Begin building multiple small streams of income of your own, and remember - that as they multiply they become rivers of income over time.

But just like any other real business - it takes real work, and it takes time and effort over time. That is the truth without all the hype and without all the B.S. that is far too common online.

Wealthy Affiliate provides all the foundational training you need to begin building and then continue building your own online business - or multiple businesses.

Your vision and your goals are up to you my friend, and no one else.

Once you can see the possibilities and how they can all add up, then you will know that the rest it is then just a matter of time and effort. If you are willing to do the work, you can build your own business empire of your own design.

Whether modest or grand - you can make money online - and it will allow you to generate streams of income for you and for your family.

My hope is that you can see what is possible and that you will find in that the inspiration to stay motivated and keep working to build your own business, and I very much look forward to reading and hearing your updates as you Build Your Own Business Empire too!

Until next time, take care, be safe and always remember;

Choose Your Own Course, Build a Better Life

Best regards,

L.D. Sewell