Good post -
I started out about a year ago thinking I could make money w/ domaining-- prior to that I had no knowledge of how to make money online, but I've always wanted to work for myself. That didn't work, and I wasted about 1k on stupid domains I had no idea what to do with, but it started me thinking about other ways to make money online...(wish I had thought of this back in the 90s when I was in HS..).
I then started to get into drop shipping, and after spending many hours building up sites only to have the drop shipping company tank or end up being shady as hell, started looking for other ways to make money online.
Then I came across WF and the way I viewed things changed completely. Adsense? Affiliate? these were new concepts to me and I spent the better part of a month reading every post and asking stupid questions on here before I started to understand what was going on.
I ended up realizing that my marketing degree, which I thought was not going to help me at all - really came in handy with these concepts.
I also realized after a month or so that I needed to stop reading here so much and actually do something. So I started w/ arb, since it was easy. I still make $30-50 a day w/ that, but I also realized something else- that I needed to focus on what my strengths are more, and keep to a minimum the time I spend on everything else.
I am an idea guy, and I am pretty good at design (not the actual graphic design, but I have a good feel of the way things should look) - so I sucked it up and took a small loan (prosper.com is great for this) out to hire a programming team to actually do one of my ideas. I knew I never will be as good of a programmer as many of you on here- and even if I were to spend my limited amount of time learning how to program PHP, ruby,etc it would just limit the amount of time (by years) that I would be spending and developing what my real strengths are.
I now have two sites in the works, on which I spend about 3-4 hours a day on. I would love to spend more, but there aren't more than one or two hours left in my day after I get home from work- and that includes gym and food time... not much wiggle room. I can't do much other than critique the programmers work anyway, which then takes time until they can work on my changes. I can't do anything on these when I'm at my job.
I still spend a little time on my arb and other little sites, which is more fun for me than anything else - and keeps me occupied in any spare time I have.
I also feel that you have to follow what feels 'right' to you. Designing landing pages for multiple ppc aff programs doesn't do it for me... what i enjoy most is taking a large concept from paper, and seeing it unfold as you manage the project. My sites are based around providing free services to users, and putting a social networking spin on them (while promoting aff programs and having targeted adsense places on hotspots within the pages). My business plans are long, they take a while to put together, and longer to develope - but I love the entire process and if I didn't have a full time job would probably never sleep!
What motivates me is my absolute hatred for my full time job - I literally hate waking up in the morning and going to work. I tried starting my own company when I graduated college, and after getting a taste of what it is like to work for yourself instead of being stuck in a cubicle doing menial work all day.. well I just can't imagine myself counting down the hours until the weekend year after year until I retire or am dead, you know?
How nice it would be to not live paycheck to paycheck!
Anyway, I'm certainly no success yet - but I thought it would be good to get what I've been doing out there. It hasn't been easy, its been a learning process - and you can't be afraid of making mistakes or spending money to learn. Hopefully things will start to work out for me - but there is no better motivator that coming into the office each day and knowing how much better I could do if I didn't have to be stuffed into a small cube all day doing menial tasks so that a large company can run.
I have this hanging on my desk at home...it reminds me of my job everytime I look at it... and then I get back to my 'real' work!
Worth
damn I just wrote a shitload...thats what happens when I'm sitting here w/ nothing to do. 5pm cannot come fast enough!