Skip to content

February 20, 2012


10 Reasons Why You Should Make Money Online

by Josh Lam

1. Treat It As A Supplementary Income
You can always Make Money Online as a hobby at first, supplementing your real, offline job. Even if you become redundant, you’ve got yourself an income, albeit a small one at first.

2. No Initial Investment
You could start off with a free Blogger blog – it doesn’t cost you anything to start one up, except for a bit of time. Remember, time=money. The more time you spend creating your blog, the more (likely) you’ll make more money online. It’s a balance of being a couch potato on your computer all day (like ShoeMoney was) and earning thousands, or having a life and still making some money online.

3. No/Extremely Low Overheads
My overheads are exactly $7.65 per month, which is basically just the hosting and domain cost. Now compare that to starting your own McDonald’s franchise or shop, what are your overheads there? I would estimate that to be in the range of $10,000 and upwards. Now imagine what happens when you lose all your money and need to declare bankruptcy? Even if you decide to quit blogging after a while, the loss wouldn’t have of amounted to a large sum.

4. Exponential Income
My overheads have roughly stayed the same over the past few years, although my profits have risen in an exponential manner.

5. High Profit Margins
Because of your low overheads, you tend to make up to 98% of your money coming it. Your overheads are that small.

6. Show Off To Your Friends
Not many people can proudly say that Made Money Online (successfully with a profit) to their friends.  This is one of my favorite quotes:

Entrepreneurship is living a few years of your life like most people won’t, so that you spend the rest of your life like most people can’t.

It may cost you a lot of your time in the beginning (something that the majority of people are not willing to invest in), but the end rewards are huge and satisfying.

7. Only Basic Knowledge is required
Making Money Online as an investment is relatively easy to do – anyone with a bit of a technical knowledge and a bit of business know-how can easily be profitable. In fact a lot of information can be available freely online, free of charge. A simple Google search will do the job. The one basic rule that I’ve always stuck to is to never let your overheads be higher than your profits. It’s simple but it works.

8. On Autopilot
Once you’ve got your “system” running, whether its a blog, site or app, the income will keep rolling in, even after a few months of not working on it. To be honest, this blog post is the first in a year – partly due to my laziness and the amount of money still rolling in without writing anything.

9. Low Cash-Out Amount
Many companies require you to reach a certain threshold before they make a payment to you. In the online (especially the advertising and affiliate industry), these rates are normally really low, at around $50 or less. This makes it easier for just about anyone to hop on the boat and join the party. Even though your first income may be small, don’t give up. It will be double or triple that in a matter of months.

10. Easier To Evade Tax 🙂
You are legally responsible to declare your income to your relevant tax authority. Yes, obviously it’s easier to evade taxes online than offline. It is obvious that you can select a country other than the United States, making the (usually US-based advertising companies) ineligible to “reduce” your income with tax. You may start to feel guilty however, when you’re filling out your W-8BEN IRS form, instead of the W-9 :).

But as someone living in Hong Kong, I am not charged any Profits Tax. It is clearly stated by my Inland Revenue Department:

No tax is levied on profits arising abroad, even if they are remitted to Hong Kong.

Read your local laws first!


What’s next? Where do I start? Head over to my Make Money Online page.

Start NOW!
You may never Make Money Online within your first week, month or even year. I was paid my first check after 7(!) months of blogging, earning nothing during these 7 months. Now, I make over 10 times that amount every month.

P.S. NEVER EVER buy an eBook online. They’re all scams. Everything they tell you in them can be found online, free of charge.

33 Comments Post a comment
  1. Oct 5 2014

    Fabulous, wnat a websitte iit is! This website provides useful facts
    to us, keep it up.
    bankruptcy´s last blog post post ..bankruptcy

  2. It’s an awesome post designed for all the online users; they will take benefit from it I am sure.
    Marylouise Q. Ernspiker´s last blog post post ..Marylouise Q. Ernspiker

  3. It’s impressive that you are getting ideas from this piece of writing
    as well as from our discussion made here.
    online marketing internet´s last blog post post marketing internet

  4. Sep 21 2014

    It’s such as you study my thoughts! Material understand considerably close to this, just like you composed this e-book inside or something like that. I do believe that you can do with many s. c. to push what it’s all about household a little, nevertheless aside from that, that would be ideal blog site. An excellent read through. Let me certainly be back again.

  5. Sep 21 2014

    This design is incredible! You certainly know how to keep a reader
    entertained. Between your wit and your videos, I was
    almost moved to start my own blog (well, almost…HaHa!) Wonderful job.

    I really enjoyed what you had to say, and more than that, how you presented it.
    Too cool!
    ทำ seo´s last blog post post ..ทำ seo

  6. I feel that is on the list of a great deal information in my situation. And i am pleased studying your current report. However want to opinion about some basic concerns, The internet site style is fantastic, this posts is due to fact great : Deborah. Very good process, best wishes

  7. Sep 21 2014

    What i don’t realize is in reality how you are no longer actually a
    lot more smartly-preferred than you may be right now. You are very intelligent.
    You realize therefore considerably in relation to this topic, made
    me personally imagine it from numerous numerous angles.

    Its like men and women aren’t involved except it’s one thing to accomplish with Woman gaga!
    Your own stuffs nice. At all times handle it up!
    SW Florida Web Design´s last blog post post ..SW Florida Web Design

  8. Sep 19 2014

    Thanks in support of sharing such a fastidious thought,
    piece of writing is nice, thats why i have read it fully
    42 Inch Led Tv´s last blog post post ..42 Inch Led Tv

  9. Sep 17 2014

    I am commenting to make you understand what a exceptional experience my friend’s princess went through reading through your web site. She noticed lots of pieces, not to mention what it is like to have an excellent teaching nature to have other folks without problems completely grasp selected advanced subject areas. You actually did more than my expected results. Thank you for offering those interesting, safe, edifying and as well as unique guidance on that topic to Lizeth.

  10. That may be extremely attention-grabbing, You might be a incredibly expert writer. I’ve become a member of your own feed as well as crunch for in quest more of your respective amazing post. In addition, I have got discussed your internet site within my internet sites

  11. Jul 23 2014

    I know this web site offers quality depending articles and additional
    stuff, is there any other web site which provides such stuff in quality?
    blog writers for hire´s last blog post post writers for hire

  12. Are You Struggling To Make Wealth Online? Uncover how you can buildup your sales, traffic and beat your competition by installing 11 authoritative and underused WordPress plugins. Warning: Do NOT utilize WordPress without these fundamental plugins.

  13. I guess the pictures orlando taxi companies are out. Once we have it in place, we are on the way.
    TrafficYes there is a lot less bumpy.´s last blog post post ..

  14. Jun 27 2014

    I must tell you that it’s hard to find your posts
    in google, i found this one on 15 spot, you should build some quality backlinks in order to rank your site,
    i know how to help you, just search in google – k2 seo tips and tricks
    Emogene Macduffee´s last blog post post ..Emogene Macduffee

  15. May 23 2014

    Hi, just wanted to tell you, I enjoyed this blog post.
    It was practical. Keep on posting!
    galvanic spa´s last blog post post ..galvanic spa

  16. May 23 2014

    Does your website have a contact page? I’m having a tough time locating it but, I’d
    like to shoot you an e-mail. I’ve got some recommendations for your
    blog you might be interested in hearing. Either way,
    great website and I look forward to seeing it develop over time.
    invasion´s last blog post post ..invasion

  17. Euhh êtes vous sûr de ce que vous affirmez ??
    tunisienne forniqueuse´s last blog post post ..tunisienne forniqueuse

  18. May 16 2014

    Howdy! I’m at work surfing around your blog from my new
    iphone 3gs! Just wanted to say I love reading
    through your blog and look forward to all your posts!
    Keep up the fantastic work!
    Merry´s last blog post post ..Merry

  19. Hello! I could have sworn I’ve been to your blog before but after browsing
    through some of the posts I realized it’s new to
    me. Nonetheless, I’m certainly happy I stumbled upon
    it and I’ll be book-marking it and checking back frequently!
    film indonesia jaman di mana janjimu dulu lyrics´s last blog post post indonesia jaman di mana janjimu dulu lyrics

  20. Oh my goodness! Impressive article dude! Thank you so much,
    However I am encountering issues with your RSS.
    I don’t know why I cannot join it. Is there anybody having identical RSS issues?
    Anyone that knows the answer can you kindly respond? Thanx!!
    ลดความอ้วน´s last blog post post ..ลดความอ้วน

  21. Apr 18 2014

    Hey there! I’m at work browsing your blog from my new iphone 3gs!
    Just wanted to say I love reading through your blog and look forward to
    all your posts! Carry on the outstanding work!
    history stories video´s last blog post post ..history stories video

  22. Apr 15 2014

    Good day! Would you mind if I share your blog with my twitter group?
    There’s a lot of people that I think would really appreciate
    your content. Please let me know. Thanks
    Gilbert´s last blog post post ..Gilbert

  23. Apr 15 2014

    chanel bag prices
    Wow, this article is good, my sister is analyzing these kinds of
    things, thus I am going to convey her.
    chanel for sale´s last blog post post for sale

  24. Mar 27 2014

    Great post. I was checking constantly this blog and I am impressed!

    Very useful information particularly the last
    part 🙂 I care for such info much. I was seeking this certain information for a
    very long time. Thank you and best of luck.
    Alyson Quilindrino´s last blog post post ..Alyson Quilindrino

  25. Mar 14 2014

    I’m truly enjoying the design and layout of your site.

    It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often.
    Did you hire out a designer to create your theme?
    Exceptional work!
    posicionamiento web´s last blog post post ..posicionamiento web

  26. Jan 30 2014

    Hello, this weekend is good designed for me, as this time i am
    reading this great educational post here at my house.
    Airport City Hack´s last blog post post ..Airport City Hack

  27. Jan 8 2014

    A good way to deal with your own financial difficulties is to use the recommended business to assist you. You might need a company utilizing financial debt professionals that will actually pay attention to your current trouble as opposed to just sell you the things you don’t want.

  28. Dec 14 2013

    Your style is unique in comparison to other folks I have read stuff from.
    I appreciate you for posting when you’ve got the opportunity, Guess I’ll
    just book mark this site.
    free alaa blog´s last blog post post alaa blog

  29. Hi there everybody, here every one is sharing such experience,
    thus it’s fastidious to read this blog, and I used to visit
    this blog daily.
    clean leather watch strap´s last blog post post ..clean leather watch strap

  30. I don’t even know how I ended up here, but I thought this post
    was great. I don’t know who you are but certainly you are
    going to a famous blogger if you are not already 😉
    Seroquel Online Canadian Pharmacy´s last blog post post ..Seroquel Online Canadian Pharmacy

  31. Nov 17 2013

    Everything is very open with a clear clarification of the challenges.
    It was definitely informative. Your site is extremely helpful.

    Thank you for sharing!
    more´s last blog post post ..more

  32. Nov 15 2013

    Good day! Do you know if they make any plugins to assist with Search Engine Optimization?
    I’m trying to get my blog to rank for some targeted keywords
    but I’m not seeing very good gains. If you know of any please share.

    Appreciate it!
    get more info´s last blog post post ..get more info


Leave a comment

Note: HTML is allowed. Your email address will never be published.

Subscribe to comments

Connect with Facebook


CommentLuv badge