Do We Really Need More Passive Income?

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Originally published at https://thisonlineworld.com on October 21, 2020.

These days, it seems like everyone is obsessed with building a passive income stream.

I mean, who doesn’t love the idea of making money while you sleep?

However, as enticing as this concept is, the reality is that much of the money we all make can be considered active income, or money you earn by giving time and energy to complete some type of service (like your job).

So, how do you decide between developing passive income or active income, and is there even a right answer?

Well, I’d argue there are some pros and cons to each type of income source, as well as some misconceptions surrounding the entire thing. …


A transparent look at my first month of monetization.

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Image courtesy of Noorwood.

Originally published at www.thisonlineworld.com on July 1, 2020.

I’ve really gone down the YouTube rabbit hole since I started my channel a few months ago.

After blogging for 2+ years, it’s been very enjoyable to mix up mediums and to grow This Online World’s presence on a new platform.

Additionally, starting a YouTube channel has also inspired me to start a new case study!

If you missed the first part, you can checkout my post on how to get 1,000 YouTube subscribers to learn how the channel has grown and how you can build your own YouTube presence as a beginner. …


The 8 Actionable Tips I Used to Grow.

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One of my favorite series on This Online World is my Road to A $100/Month Blog series.

While it’s a short series, there’s something deeply satisfying about tracking your milestones and goals and putting all of the information into a collection of posts.

I also think the process of honestly tracking something is useful for others.

In the case of blogging, I hope that my mini-series highlights that while it’s possible to make money by blogging, it also takes a lot of work and dedication.

Since it’s been about 3 months of steady work on my new YouTube channel experiment, I decided I want to start another series as well. …


Forget paid surveys…These side hustles actually pay!

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Courtesy of Katie Harp.

I think there’s certain income milestones that standout when you first start a side hustle or work on developing different sources of income.


What to do when your advertising budget is $0

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Photo by Isaac Smith on Unsplash

It doesn’t matter if you run a blog, an e-commerce store, or have a website for your business; driving traffic to your website is ultimately a critical element of making money online.

Now, I’ve worked in paid advertising for more than three years, and let me tell you, a profitable Google Ads PPC campaign or Facebook campaign is a beautiful thing.

After all, with paid ads, scaling is easier, you can reach your customers instantly, and your decision-making process is much faster since you accumulate meaningful data fairly quickly.

But, obviously, not every business has a budget for paid advertising. Additionally, plenty of free traffic sources often deliver higher quality leads and customers with high levels of purchase intent. …


Breaking down the data from my own blog and channel.

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Image courtesy of Keila Hotzel.

Let me start out by saying that I have been blogging for more than two years, while I only started my YouTube channel two months ago.

I absolutely love blogging, and I think it’s an awesome way to make money online and to learn more about the world of digital publishing and SEO.

But, at the same time, I am having a tonne of fun, making my first YouTube videos. Plus, I think starting a YouTube channel is also an excellent way to learn about video editing, shooting, production, and YouTube SEO (which is important).

So, today I thought I’d write a bit of a blogging vs. vlogging or blogging versus YouTube post (since YouTube is pretty much where everyone vlogs anyway) to share my thoughts on both platforms. …


5 Ideas to Consider for When the Dust Settles.

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Image courtesy of Neonbrand.

Originally published at www.thisonlineworld.com on April 10, 2020.

When it comes to picking a side hustle idea or looking for different sources of income, any amount can make a difference.

It does’t matter if you use passive income apps to make extra beermoney or run a successful business that makes an extra $1,000 per month or more; progress is progress!

However, at the same time, our time is precious. As I discovered recently in my paid survey experiment, some side hustles have a very high opportunity cost which people should take into consideration.

So, today we’re going to break down 5 sources of income you can leverage to increase your monthly income. …


How to create passive income starting with nothing.

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Image courtesy of Micheile Henderson.

Originally published at www.thisonlineworld.com on April 5, 2020.

When it comes to generating passive income, it can be difficult to know where to start.

Additionally, many guides or articles that give tips for creating multiple income streams are not geared towards young adults or students and focus primarily on older demographics who earn full-time incomes.

However, when I was in college, I was always looking for new ways to make money as a student. …


+45 Blog Niche Examples to Get Inspired!

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Image courtesy of Andrew Neel.

Originally published at www.thisonlineworld.com on April 1, 2020.

When it comes to starting a blog, one of the most common questions people undoubtedly ask is how to pick a blog niche or what is the best blog niche out there?

I’ve seen this type of question pop up on forums countless times, and I’ve even gotten a few emails asking for advice over the past 2 years.

Now, I will say there is no cookie-cutter method for choosing a blog niche. …


The Ultimate Guide To Saving More Money With PayPal

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Courtesy of Toa Heftiba.

Originally published at www.thisonlineworld.com on March 15, 2020.

At the end of every year, I like to conduct a financial review for the past 12 months to see how my spending habits, side hustles, and general net worth have developed.

I believe it is important to take a granular look at personal finance matters alongside more general month-to-month tracking for 2 reasons:

  • You can analyze broad changes in financial well-being (positive or negative).
  • Tracking the income you generate from your work or various side hustles is a valuable source of encouragement.

Anyway, after looking back on the past 12 months of side hustling endeavors, I found one shockingly stupid mistake: I spent about $150 in PayPal fees in … There’s just no need for this and I don’t want these fees to get worse each year! …

About

Tom Blake

Blogger at www.thisonlineworld.com. I cover how to make money online, writing, & personal finance. Subscribe on YouTube: https://bit.ly/2wBJAbF

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