It’s been a busy day today. Lot’s of work in the office and a new project that I’m experimenting about.
I’ve been experimenting on an Internet business these past two days and I feel that my mind is in the brink of an explosion because of so much ideas popping simultaneously in my mind. I had managed to set up a website, done some few tweaks and still has a lot of work to do. This is also the reason why I haven’t checked my portfolio amidst the ongoing market crashes happening around the world. If the correction continues, my plan os I’ll wait for MEG to drop to at least 3.5 pesos per share so that I can average my price down. I’m ready to buy more shares this end of the month and I will buy below 4.00 pesos if the opportunity arises.
How do you increase your cash flow using the Internet?
Well for now, I was thinking of solutions to increase my cash flow and I think an eBook business will get the job done. I was thinking of an auto-pilot business wherein I can earn passive income while I’m doing my day job. If this business succeeds, I can use the earnings to fund my stock investments more. I think the 5,000.00 pesos per month investment is quite low based on my goals. Thinking about it, what I need is another asset that can generate cash flow. And that’s when I thought of starting another website; an eBook website
The website is still new and I just started to build it yesterday. Basically, it’s an eBook site which sells Private Label Rights Content or PLR’s. PLR’s have huge markets for the advanced and aspiring Internet marketers that wants to start an online business with little capital.
If I can make this business work, I can add more funding in my stock investments and reach my goals faster.
You may well agree that by just relying on your day job will never give you the financial freedom we are dreaming off. The thing is, investing is good but increasing your cash flow is better. If I constantly increase my cash flow yearly and implement my 10-20-70 saving strategy, I’ll be well-off in the next 5 years or so. But if I’ll just rely on my day job to fund my investments for 5,000.00 per month, it would take me 12 to 15 years longer considering a volatile market nowadays.
I once read a post from a Facebook group that Mr. Omeng Tawid, the owner of SmartPinoyInvestor website, is encouraging his followers to start a blog because people just love success stories. And what success story do you think people will love? Your story of course! That’s the secret why his website became so popular with Google’s search engine when you type in ‘pinoy investing’, ‘how to invest in Philippine stocks’, etc. He successfully did a good job of using the power of Internet by investing in an income generating asset; his website. Now, He and his website became the niche authority when it comes to pinoy investing and as such he successfully reached guru status. I wonder how much he earns thru affiliate links through his website?
The point is this, if we can increase our cash flow, we can also increase our stock investments. So how do we increase our cash flow? We do it in cyberspace. To increase our cash flow, we invest on assets that generate income. In cyberspace, a blog or a website is an asset that can generate income. And that’s what I’m gonna do; experiment possible income opportunities on the Internet this coming months.
Happy investing!
P.S. Sharing the link to my experimental eBook business. It’s still in its infancy. I plan to put up 8,000 PLR’s on it so just imagine the ton of work that needs to be done excluding the other factors such as web designs and social media pages. I do hope that I would be successful in this venture in the coming days ahead. Let me know your thoughts on this by commenting below.
EDIT: I stopped this project because I decided to move on to other things. But it doesn’t deter me to find ways to earn in the Internet. I’m constantly on the search and highly motivated to be a successful online internet marketer someday.