In response to Yaro's A Day In The Life Of An Internet Entrepreneur 2009 Edition I decided to write about my experience as an Upcoming Internet Entrepreneur with a Day Job. I always dream to have similar online income to Yaro's, John Chow, Grizzly and others, however I guess you could say I am in between, up and coming.


Little things about me
I don't have many readers on my blog (partly I never intended my blog to be public), so here is a quick introduction about myself and my situation. I am currently 31 years old and live in Sydney Australia, however I grew up in Brisbane. I have a bachelor of IT major in Computer Science from QUT (Queensland University of Technology)..

I am currently engaged to a wonderful girl. I have been fortunate she supports me in many ways that allows me to concentrate on my online business when I am not at work.

I currently work full time as a Manager of a Financial company in Sydney. My goal in life is Financial freedom and to have my own online business. Financial freedom through investing in property, which I been fortunate to done quite well in it at the moment.

History
I started making money online in May 2005 about 50$ a month which was exciting at the time. The idea of having website stem the idea of Passive Income through property. I saw that having a website is like a property that makes money whether you are there or not really is my motivation.

A website is very similar to a property, people are willing to pay you rent to have the privilege to live in it and advertisers pay me rent to advertise on my web site. Which is fantastic value. Every month I receive a cheque from them and every month Google sends me one. Beautiful

However through combination of lack of motivation and forward vision, the site only grew to 100$ a month in the last 2 years.

However over time it never really took off. May 2009 about 4 years later this is when my one site began to take off, like I making 500$ a month now but honestly I should be making more if wasn't so lazy.

Here is a typical day of Upcoming Internet Entrepreneur with a Day Job

Morning
I tend to wake up around 830-845 have a shower and rush out the door to be in at work around 900am - 915am. Sometimes I fit in a little breakfast but generally a coffee will spruce me up, I don't get 8 hours sleep usually 4-5 max if I am lucky.

As soon as I get into work I check my Google Adsense which has become a ritual. Also now I am check Ebay and other affiliate programs.

Officially my workday begins after that. I would read all my 100s of emails and begin to work through all the questions and management issues.

Lunch
I will take lunch around at 1pm and now make an effort to not sit at my desk and eat my lunch. I take an  hour have a bit a social chit chat with the staff. Around 2pm my days continue with the usual. Do the same tasks until 6pm go home time.

I will then head to the gym and workout for about an hour and then go home to have dinner.

Evening
By now half the evening has already gone, I would spend the next 5 hours or so working on my online my business.

• Create new pages
• Moderate the website
• Read and Procrastinate about how other people making money (This is the biggest time waster)
• Goal setting - What I need to get done each day

Each of my sites I run, are full on websites not just a blog. The site is fully interactive and is setup to allow readers to contribute and be part of the community. I see each of my new sites not just a website with information but a website that can truely provide real value to my readers and not just to make me money. Some of my sites don't even make me money but eventually they will as I will grow them through time.

Conclusion
My hours are long and in honestly this it is tough. I actually quite drained from working 1 job that pays fairly well and the other that is unknown. But the brilliant bit about the second one, I don't always have to work on the website to make money. I do zero promotions, nearly 95% organic traffic which is amazing.

There is no short cut in making alot of money whether it is online or offline. Hardwork and lots of work.

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After years of searching and reading other blogs, websites and reading every ebook available I finally found the "Secret of Making Money Online".

After applying the "Secret" my world changed, my income just multiplied and now I am well on my way of making my riches online.

With the "Secret of Making Money Online" in hand, I started to build websites.

I then proceeded to apply for Google Adsense and other revenue programs to generate income from.

For each of the sites I wrote quality article and content using SEO friendly terms, headings and titles. New articles was updated on a added regularly.

I promoted these websites using different techniques from Adwords, organic traffic through SEO and linking to places which complimented my sites.

I also setup Google Analytics to track keywords, traffic and revenues. With this information in hand I was able to analyze everything. This was valuable information.

It was hard at first, but over time the money just started to roll in, literally every morning I would wake to see massive balance in each of my revenue reports.

If you are still reading this then you probably dying to find out what my "Secret of Making Money Online". If you read the post again, the secret is "I started". Thats right, you can read all you want but if you never start you will never succeed. You have to stop procrastinating and begin experimenting with every technique out there and see if it works for you.

If you first don't succeed try again, try again until it works. You can buy all the Make Money online ebook online, they can't make you rich unless you trial their techniques. In honestly I have never bought an ebook. All the techniques is freely available online. Once I found a technique that worked, I rinse and repeated the technique.

The Secret of Making Money online is "Starting". Stop reading and starting building.

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Have you ever wondered the costs of actually owning a property? Here the major costs that I incurr on my properties.

1. Finance - This include any interests and fees that is incurred with a financial institution to finance the purchase.
   
2. Council Rates
   
3. Body Corporate (Strata Properties)
4. Management Fees - I currently have property managers looking after and handling any issues relating to the management of the property. Generally they can cost between 7-8% of the total rental.
5. Repairs - Generally there will be small repairs that is required to be upkeep and maintain the property each year.
6. Inspection Fees

As my properties are investments all the above costs and expenses are tax deductible, which helps soften the blow of owning an investment property.

All the above annual expenses should always be part of your budget and plans when you purchase a property. You may be able to afford this today but can you afford it next year or next month. So careful planning is necessary.

However as you pay off debt, and combination of capital growth and rental return, property is well worth the investment.

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After reading the "4 Hour Work Week" by Timothy Ferris, guess what? I've been sent to India to "volunteer" to lead in our fact finding/ information transfer outsourcing project. Well it has been a week since I have been back from India and I am glad to be back home.

India is definitely an eye opening experience, personally I wouldn't go their to work but in terms of outsourcing it is amazing.

Having over 800-1000 resources at your disposal at any time. Having developers of all facets of the development cycle which are highly skilled and most of all "cheap".

Personally I think outsourcing is the way to go. From a business point of view it makes sense, we can cut cost by 60-70% by what we could get locally. We can add resources when required without costing us a fortune. But most of all it can free up our local staff from doing menial tasks and into more productive tasks.

As you know I have been working (NOT) on 100 Website experiments for over 7 months and haven't even started on my second website which absolutely slack of me. I have the ideas but not enough of my time is dedicated to it.

So I am currently exploring perhaps an opportunity to outsource some of my tasks. However I am tossing between doing it myself until I have built enough websites that can sustain an outsourcing partner or should I bite the bullet?

What to do...what a dilemma? Anyone have had similar experiences, love to hear from you?

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In about 2 weeks time I will be starting a new job. This job was kind of surprise but a good surprise. I wasn't looking for a new job but one day just before Christmas they gave me a call, had a quick chat and two days later contracts were signed.

However many people gave me advise to not take the job for a variety reasons and lots of negativity. They place alot of doubt on my mind. But in the end I realise you have to follow your heart cause I saw the potential that they did not.

I saw the potential to build my career and ultimately to learn new skills. Jim Rohn said in one of his seminars to invest in yourself and you will become more wealthy. That is exactly what I am doing, by taking this job I am investing in my self.

As mention in my previous post How many vehicles do you have? my job is one of my primary money vehicles. So it makes sense to invest into my job.

Investing in yourself is as important as investing your money. Learn and Grow.

Ps. I am off to Nice France for work.

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What does financial freedom mean to you? For me personally I would loosely defined it as been able to spend money freely without having to worry about tomorrow. Why I ask this question is because many people dream of financial freedom or talk about it but never know when they get there. How can your dreams come true when you don't even know what it is.

Originally I thought financial freedom for me was enough to survive. I was concentrating all of my efforts to making 30K a year passively. Then I started thinking and realise that the dream I was aiming for was infact a false dream. It was a dream to survive, so it meant I couldn't buy cool things, travel the world, buy cars or spend it on my girlfriend or even start family. Who was gonna feed kids?

Perhaps that was my dream back in 2003 but not to realise this sooner have cost me precious time.

I recommend you to start thinking what does financial freedom mean to you? Everyones dream is different, but make sure you evaluate from time to time that you are on the same page with yourself. Otherwise, you never get to where you going. And worse of all time is wasted. I hate time wasters.

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I first started writing into my Financial Freedom Diary when I was 25. This diary basically provided a summary of my financial state at different times of my life. It is nothing flash, it just a 80 page exercise book. But it has been one of the most important things I ever done in my life. I have exactly 10 entries in it. The first entry was dated 21st July 2003.

I would write into this diary to show any major changes in my finances. This would include every time I got a raise, change jobs or bought something big. It is amazing to see my personal journey from what it was 4 years go. I have watched myself from been unemployed to having nothing to living the life of my dreams.

How many of you know how much you are worth? How much money you can afford to invest? How much debt you are in? How much have you saved in the last 12months? All these facts and figures has helped me in putting my dreams of financial freedom into motion. Without my diary I do not think I be where I am today. Still a long way to go but at least I can see I am heading in the right direction.

I truely recommend people to write or have a diary just to remind, reflect and learn from your financial journeys.

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Welcome to Money Making Experiments.

Follow my journey and experiments on making money. See the beginning, the end, the success and the failures of each of my money making experiments.

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