I’ve spent the past couple of years writing this blog, with the first post coming nearly two years to the day prior to this one. In these two years, I’ve set online earnings goals. The first year, I came up short of my $5,000 goal. I set a goal of $450 per month in 2014. That was a total of $5,400 for the year. I came very close to meeting this goal during the year.
I started out the month of December with $4,777.11 in online earnings for the year. This is money that I’ve won while sitting in my recliner, while I’ve been in a foreign country doing short-term mission work, and while I’ve been sitting in a hotel room on vacation. This is over and above my regular paid work. I continued earning money in December. I earned through a few income streams. Here is the money I earned in pajamas during December:
This brought my total earnings for December up to $536.89, which was over my monthly earning goal by just over $86. When I combine this money with the more than $4700 I’d earned through November, my final earnings for 2014 were exactly $5,314. This was just $86 less than my goal for the entire year, which was not terribly shabby, if you ask me. If I am able to keep this up for the next 15 to 20 years, it will definitely add to my retirement funds.
I am not planning to keep a diary of my online earnings after this point, but I think that I’ve at least partially been able to show that, yes, it is quite possible to make some money on the Internet without leaving home. While few people would be able to live on what I’ve made as a main income, this money definitely provides a nice supplement to my main job. I will continue to post other ideas for making money in the future.
Last January, I posted that it was important to set goals in any venture. The world of online earning is no different. My post on setting online earning goals was not my most popular post, but I was able to share my goal with the world (or at least those who wanted to know what my goals were). My goal for last year was to earn $5,000 online for 2013. I fell a bit short at just over $4,300, as noted in my final monthly earning report for 2013.
This year, I decided to be a bit more ambitious. Some people might wonder why I would not scale back after failing to meet my ultimate goal. I would argue that it is important to attempt to exceed previous goals. Therefore, I decided that a good number for this year would be $450 per month. Should I be able to keep up that pace over the course of the year, I would earn $5400 for 2014. That’s almost enough to max out a Roth IRA for the year for those who have their finances in order.
I’ll detail how I did this in another post later this month, but it appears that I exceeded $500 in earnings in January. If I could keep this amount up, I would be able to post more than $6,000 in online earnings for the year, and this would greatly exceed my goal. I’m still convinced that the way to achieve great things in any venture is to set achievable goals that can incrementally go higher and higher. That’s the reason for my higher goal this year. If I don’t make it, I can at least say that I went down swinging.
What are your online earning goals for 2014? Failing to set one will probably mean that you won’t make as much as you might hope. It’s a good idea to break the annual goal into monthly, or even weekly goals. My yearly goal of $5,400 will be just over $100 per week. Good luck as you try to build your wealth through online earning this year.
Tomorrow is January 1. This is the day that many people decide to start New Years’ resolutions. Most of these are pretty good ideas that include losing weight, quitting smoking, or some other health or relationship-related resolution.
Losing weight is not the only type of resolution that people should think about, though. Last year, I decided to take the plunge and go for a blog on a paid platform after a couple of years on a free site (I still have a couple of blogs up on free sites). My resolution was to really try and earn some money from the site. Earnmoneyinpajamas.com, the site that you are now reading was the site that I decided to set up.
I was able to post on a weekly basis for the first few months before a move and a new full-time job after three years as a full-time grad student. I was hoping to earn a few bucks a month from my efforts to help my with my monthly bills and living expenses. While this site did not make me rich by any stretch of the imagination, I was able to earn a few hundred bucks with it over the course of the year. One post brought in a large percentage of the traffic and the income, so much of the income was actually the best kind–passive income.
One of my first ever posts discussed how it is important to have goals. The online earning game (or, more like online earning job) requires planning. I set a goal of earning $5,000 through various online efforts during 2013. With just a day left in the year, I’m looking like I’ll be just over $500 short of the goal. While this is a bit disappointing, I can’t say that it’s devastating.
My efforts paid off in around over $80 per week on average. There were some weeks where I earned in the hundreds. There were some where I earned about $20. Regardless, I earned every week, and my total earnings added up to over $4,000 for the year. That’s the equivalent of working about 12 hours per week at the local WalMart at minimum wage with a fraction of the headache. It’s also $4,000 more than I would have made had I not started to look into making money online a few years ago.
My New Years’ Resolution for this year will be to update this blog with more information on earning money online. I hope to learn about more ways to earn money while sitting at home in my pajamas to help myself, as well as my readers. I also hope to raise the goal for online earnings above my previous goal. My hope is to gain a bit more in passive income each year to the point where I can save up some serious money.
Do you have any New Years’ resolutions related to earning money via differing means?
In November, I was able to inch my earnings up over what I had earned in October. Through October, I had earned $4,049.91 through my online efforts. I have done quite well over the course of the year, in my estimation, and if I can make this much next year in addition to my new full-time job, I should be in pretty good shape. My hope is that some of the efforts I’ve made will start producing a more and more passive income.
Without further ado, here are my online earnings for November:
Freelance Writing: $106.50
CashCrate: $24.12 You can sign up for CashCrate via the link and start earning money today.
My total earnings for the month of November were up to $130.62. This brings my total for the year up to $4,156.41. I am around $850 short of my goal of $5,000 in online earnings that I started with at the beginning of the year, but I’m OK with this. Had I not started with this goal at all, it is likely that I might be well short of even this achievement. My goal is to continue earning money online in 2014 to help my monthly cash flow. Every little bit counts and helps.
A common refrain that people will hear is that those who fail to plan, plan to fail. There is a great deal of wisdom in this statement. Many people want lots of stuff, a great job, or money to sock away in retirement. The vast majority fail to get to where they want to be. Why? In a large number of cases, the reason why people do not achieve their goals is because they forget to set goals. Those who want to earn money in pajamas while working online are no different. Here are some tips toward setting online earning goals.
1. Learn about earning money online
The first and probably most important online earning goal that many people forget when actually trying to earn money online is that of learning about the process. Robert Kiyosaki, in his best-selling book Rich Dad, Poor Dad, encourages people to work to learn, not to earn. Knowing how to go about earning money is a very important component of earning money. Read extensively. I did this to avoid some of the more common scams. The online earning opportunities that I share on this site, though they are definitely not be get-rich-quick schemes, are methods that I have used myself with varying degrees of success. I always check a number of mediums before trying a new money-making method. This way, I avoid losing money and can concentrate on making additional income online.
2. Start making money online
Reading and learning about making money online will not get anyone anywhere important. Knowledge is useless unless is is put into practice. I would suggest starting one method in your spare time to start earning a few extra bucks. Of course, those who are unemployed or underemployed may have more spare time to start working on making more money. You can sign up for CashCrate, Swagbucks, or any of the other great sites that allow people to make money without spending a dime. You might also want to sign up to get a cash bonus from a bank that wants to earn your business. Once you start earning a bit of money and see the amount of time involved, you can then start to set tangible goals.
3. Set online earning goals that are attainable
Anyone can set a goal of making $1 million in a year. 99.9999 percent of these people will quickly become frustrated when they make a mere $10 in their first day of online work. They will get even more frustrated when they make less than this amount. There are people who make $1 million online, buy they no doubt started small in most instances. It is important when setting online earning goals that you set goals that are attainable. A good goal for this year might be to make $100 per month to supplement your bills, to take a vacation, or to save in a retirement account. You might even choose to set a very modest goal of a dollar a day. Few people truly understand the power of a dollar. Most people will be able to achieve these amount with a bit of work. As you then learn more, you can start to make more in less time. This relatively easy online earning goal can keep you from getting discouraged and giving up on earning money online.
4. Re-assess goals annually
It is still relatively early in the year, so it is still possible to set concrete goals that will help your and/or your family’s budget. If you have a short-term online earning goal of $100 per month, you should check how you did at the end of the year. Perhaps you achieved more than you thought that you would. Perhaps you earned less. Successes should encourage us to attempt to achieve more. At this point, it might be good to set a long-term goal for the next five years. This does not mean that annual online earnings goals become less important. These are the stepping stones on the road map that will get to the ultimate destination.
I personally set a goal of making $5,000 in my part-time online endeavors back in 2013. I didn’t reach it. What did I do, I set it higher for the next year. What are some online earning goals that you have set for yourself?