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Next, rate your skills and talents based on how much you enjoy doing each of them: Also write them down without respect to whether you enjoy doing them. Even if you don’t understand how a particular skill or experience could be beneficial, write it down. This should be a fact-based list without emotion attached to it. By creating a list of your skills and talents, as you evaluate different opportunities, you’ll more quickly be able to assess what things you’ll need to hire or acquire to be successful, and if that’s realistic for you at this time.Įverything should be taken into consideration. What are your personal skills and talents?Įveryone has marketable skills. While you’re still putting time and effort into your company, and therefore working for yourself, your point of monetization is something outside the work you do.Ģ.

So you’re definitely still working for yourself, especially in the beginning, but the “thing” you’re selling doesn’t rely on your individual work, generally speaking. You’re writing content for money, and your income is dependent on your ability to write quality content.īy contrast, if you were to choose to try your hand at eCommerce, you’d be developing channels online to sell products, either digital or physical. A great example of this is being a freelance writer. While working for yourself does mean having your own business, the distinction is that you’re relying on your skills, talents, or resources for your monetization. Do you want to work for yourself or own your own business? When you decide to start on online business, you need to ask yourself a number of questions to determine whether this is the right path for you. In this edited excerpt, Larson reviews the six questions you must answer before attempting to start making money online. In Moonlighting on the Internet, internet entrepreneur Shelby Larson presents the most reliable and proven ways you can create an extra paycheck for the short term and establish a continual revenue stream for the long term with your own website.

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These 6 Questions Will Help You Decide How to Make Money Online