Take the approach, first of all, of creating
something sustainable and reasonably
fulfilling the belief I think you're
going to have a lot more success if you
choose a way to work online that's
actually enjoyable and fulfilling on
some level I mean you might not be
Mother Teresa
but something that's actually aligned
with your personality type and that
you're actually going to get enjoyment
of it and we all of us said I want to go
through three of the most common ways to
work online and then let that have the
freedom to live where you want to set
your own schedule all that kind of good
stuff
so approach number one is to have a
product based business or some kind of
website or technology this would be like
having an app or having a product or
multiple products that you have made in
China or wherever else and you sell or
having like you know a website where you
sell whatever on it something like that
so I'm going to be commerce business now
with the e-commerce side of things
there's pros and cons and with these I'm
going to group them all together of
course there's a bit of variation but
I'm going to get their apps products and
e-commerce here the upside is that if
the business does work you have the
potential to scale where you can keep
growing quite quickly so we upside in
terms of how much money you can make is
high but I'm not including the risk
there I'm just saying the potential
upside you know of the higher end
businesses like for instance and the
dawn or Facebook they did pretty well
for themselves right there's also the
thing that you can't outsource and
automate more of the work so this is the
big dreams of where our work we promised
right outsource automate eliminate don't
do any work live on the beach right but
we all know it doesn't necessarily go
that way and the people who do succeed
in these kind of businesses are usually
very passionate about the topic and this
brings me to the cons of the side of
business is a lot of people are drawn to
these sorts of businesses by courses or
gurus promising like make money selling
on Amazon or make money doing this and
there's definitely success stories there
is I would not call these people like
stands or anything like that there's
definitely people who do succeed but I
think you need to be the kind of person
who likes that sort of business so for
example for me I've actually worked
impact
good marketing and I love like designing
products and marketing and coming on the
strategy so creating my own product
which I haven't done but it would
actually make a lot of sense based on my
skills that I'm going to enjoy whereas
if you're someone who doesn't like you
know that you don't have any marketing
skills you don't necessarily like
logistics or our product design does it
make sense to go into a product business
probably not so I wanted to con you with
this is I think it can end up taking
quite a long time to succeed if you do
and there is a higher risk reward factor
there so if you're in a situation where
you currently have a job let's say or
you just graduated University and you're
thinking okay I want to work for myself
I want more freedom for myself my family
think about how much time you have and
how much you want to risk that and some
of the other options I'll cover here are
going to be more likely I almost go as
close to say guaranteed to succeed
I wouldn't say guaranteed but I get
closer to it in that if you if you take
the approach you're going to have that
income and freedom where is the product
app or e-commerce business you can
definitely knock it out of the park to
do amazing but you've got to remember
you're running a serious business and
most businesses fail so you you really
have to calculate like do I have the
time do I have ten years you kind of try
fail try fail or am I looking for
something that's going to give me more
freedom in the immediate present so the
next up is a road job or a remote job
robee results only work environment
these are the kind of workplaces where
they don't really care if you show up or
if you even live in the same city it's
all about the results in getting the
work done so there are plenty of jobs
that will allow your work online but
this is going to be by far the shortest
section of the three options of cover
because these jobs pose a lot of
limitations so on the upside that you
have a job that allows you to work
online that's great and some people are
able to take those jobs not only to you
know work for company in another country
or across their own country but actually
have the freedom to slowly travel with
it which is pretty cool
on the other side there's a lot of
downsides and they they factored into
the same things of having a typical job
here in Prague last year there was this
group that came through and ninety
percent of them had remote jobs they
talked about being like
nomads entrepreneur but they all just
had jobs with tummies back in the US and
they had shitty schedules excuse my
french where at night they would have to
be working because companies in the US
were working then and they had to
balance their time zones with six to
nine hours ahead year I can only imagine
by time that group got to Asia how it
was for them so there's some serious
hindrances to this compared to a normal
job in some ways it has a lot of upsides
but I would argue that some of the stuff
you get in a normal job like the
community going into an office going up
for lunch with people it's actually kind
of beneficial it's not a bad thing it's
something that actually adds a if
solopreneur freelancer I missed that
side of things and so if you have a job
where you do have limited freedom still
you have fixed responsibilities you have
to attend certain meetings and you
missed the you know often you don't get
benefits you don't have guaranteed pay
unless they're not actually employee
jobs or a contract and you don't get
that social interaction or office I
don't know I think there's a lot of
downside there so it might be a way to
get going but to me of the three options
I'm talking about the remote job is by
far the least appealing but I might have
client biases too right
and the third option for working on
lying and having that freedom to travel
or set your own schedule and if you're a
subscriber to my channel you know this
is my favorite you know what was coming
up it is freelancing coaching or
consulting and there's many reasons why
I love this as your first place to start
out if not is your final destination
when it comes to working online first
thing is that you can start earning
money almost immediately
I'll link to an article where I talk
about I tell you exactly how I did it
when I started to three months
copywriter I had clients a couple
clients within 72 hours starting out and
that's a great way to get going or and
rather than having to invest money and
go the opposite way and then potentially
spend you know six months to a year
before you get a return on investment
same thing happened when I launched my
coaching practice
I started with pipelining strip out the
gate which is yeah a great way to to
start out another thing I love about
taking the freelancing approach if you
develop a lot of fundamental skills that
are going to help you succeed in any
area business if you watch this channel
you already know that there are a lot of
things that hold that
preneur beyond the specific how tubes
right mindset are self-management
abilities in terms of being productive
managing our moves how to deal with
clients how to plan take both all this
stuff applies regardless whether you're
a freelancer or you're running Amazon
right it's the same trace seeing skills
and personality assets that you develop
the cool thing about freelancing is you
can build those asset well getting some
relatively stable income from the work
and then if you do choose to transition
and start like at ecommerce business or
product based business you already have
those self-management skills which I
think are one of if not the most
important part about succeeding when you
work for yourself
the last Pro I will mention although I
could probably go on for days here is I
think freelancing if you do it right if
you learn how to manage your clients and
set expectations and watch some of my
other video is on like through dancing
and if dealing with clients if you're
curious but if you do it right you have
such a high level of freedom because you
have minimal if almost non-existent
expenses you have no boss to answer to
and you can do the work on your own
schedule you can work nights or mornings
you can work from the other side of the
world I mean I was dealing with clients
in Vancouver on eight ten thousand
dollar projects while living in Italy on
the other side of the world is really
crummy Internet even so I didn't even
have like a stable home online or
evening and it still worked out causing
busy stress to times if I'm honest but
still worked out some of the concise and
negative side with freelancing you do
have to and I guess this applies why
should all three but you have to manage
your social life and kind of look out
for your happiness because if you are
traveling you know you're doing the
digital Nomad thing and you're working
for yourself as a freelancer you can get
easy to disconnect from people rather
than if you
a traditional job at an office or
something like that and so learning to
make evening plans with friends things
like that it manage your social life to
help stay balanced I think is a really
important thing to do another negative
side to freelancing coaching or
consulting is that you are trading your
time for money now this is one of the
things that we'll talk a bit more aptly
later the video on this because I do
think people there's their distorted
perspectives about this but you are
ultimately having to creative time so
even if you're up to $200 an hour you're
still having to work at Howard for that
money you don't have the potential to
necessarily like earn money while you
sleep that sort of stuff now there are a
few more negatives I will mention that I
think other people would bring up but I
don't into the negatives because I
haven't experienced them and if you
actually know how to run your business
you won't either one is not getting paid
by clients or yeah basically not getting
paid it's been brought up to me there's
people online talking probably not
getting paid for half their work or all
the something missing payments I've
never missed a payment from a client if
you are one of my clients I have this
one and I forgot let me know but to all
my recollection I've never not been paid
if you run your business right you set
up your proposals right you don't have
to worry about that it's not going to be
a big issue the other thing I'll belong
to know about clients is some
freelancers get a lot of stress because
they have for lack of a better term
asshole clients that take up the time
they push them for more work without
paying the more they're unnecessarily
abusive but they really don't respect
them and that's obviously a negative
working for someone you don't like uses
your time doesn't pay you on time all
that is a serious negative not that's
like having a boss but maybe even worse
thing is again if you run your business
right it doesn't become an issue like
you can work with clients who enjoy
labor or cool people who will pay you a
friend for the work and you're not going
to have those issues as well but I
didn't want to mention those because
that you are through researching
different ways to work for yourself
you may read about this negative in my
opinion if you make sure
not really going to be an issue so I
want to wrap up this video with a really
important final thought if you're
watching this you're thinking about you
know how do you work for yourself in
your reason's are your own right but if
you're purely externally driven that you
just hate your job and you just say I
want to work for myself I gotta get out
of this you're going to struggle and
that motivation don't think should be or
can be your only motivation I think
you've got to combine it with finding
work that resonates with you and you can
be good at and on paper there might be
one approach or the other that makes
more sense where you're like well that
way sounds really good when the do tube
guy talks about it but this is what I
really like to do do this one you're
going to have more success following you
follow in your heart whatever but really
you will if you're doing work you enjoy
that's aligned with your natural
personality traits you're going to have
more success and that's just for the
better right it's going to make you more
motivated make you more focus and it's
just going to get you better results
that way as well so when you're first
starting out it's not unusual to be
driven more by the external side I mean
when I was 22 I was driven by like one
make money want to impress girl want to
whatever right and that's fine that's I
get normal but we would pay attention as
you go along and look out for the hint
that what you love doing what you enjoy
where maybe you're nothing that passions
that skills are the things you do well
and that you seem to be able to deliver
a lot of value for people and and
although those as much as you can you
follow your instinct and go down this
path as you've enjoyed this video and
you want to go down the rabbit hole more
about freeline see consulting and
coaching I really encourage you to check
out another one of my videos on how to
work for yourself where I go to all the
details of accounting figure out what
you should do what service to offer how
do you get clients and all those sorts
of things so it's a great jump start for
you know working for yourself in one of
these capacities so I'll link to that
video as well and check that one out
thank you for watching if you've enjoyed
it do subscribe here and catch
the videos where I will try my very best
to give you some of those skills I've
talked about in terms of you know
getting paid well getting the right
clients all those sorts of things as
well thank you for watching catch
another video soon