Every month brings new adventures. This month, I returned to work—I was asked to come back to the job from which I was laid off. This upset the routine that I was developing, which was probably a good thing. When I look back at my month of unemployment, I realize that I blew it. I could have done so much more with my time and made great progress in many areas, but instead, so many other things flooded in to fill my time void. It wasn’t a total loss; I started working on implementing the Getting Things Done system (which also got slightly derailed when I returned to work), and I got more focused on making replacement money—extra income that will eventually allow me to quit my job.
Where I Am Now
The most important decision I made during the past month was to dedicate myself to one thing: generating extra, work-from-home income. In the short-term, it makes more sense to totally devote myself to one thing (whatever it is) that has the greatest chance of making extra money. Then, once I have some stable and consistent money coming in from this one thing, I’ll begin to focus on other projects that I’ve already started. Since I have very limited time during the weeks, I’d rather chip away at one thing and get somewhere with it than to spread myself too thin and getting nowhere fast by attacking many projects.
Among all the Internet-based business pursuits available, affiliate marketing seems to hold the most promise and potential for generating income fast. We’ve already reported that we have made some money over the past month from our early attempts at pay-per-click (PPC) campaigns. But how much I’ve paid out versus how much I’ve made doesn’t compare at this point. I’ve only made about $20 and paid out about $70. I chalk this up to the education costs (something I’ll probably write more about in the future) of learning a new skill. But I’m very much a rookie at this PPC stuff so I’m not going to sweat it. I am, however, going to take advantage of free (and some paid) resources to get up to speed as fast as I can.
Over the next month, I’m going to be focused exclusively on affiliate marketing so I can create a steady flow of passive income. However, I know it’s not as simple as hoping and wishing; I also know that this is not a get-rich-quick scheme. Some people have great success and there is the potential to make a lot of money fast. If that happens, great! But I just want to start making more than I’m paying out. That’s my first priority and where my focus will be for the next month. I’ll keep you posted.