How To Make Money From Home | Ways To Make Money


Do You Really Want To Be Self Employed?

There are so many money making blogs out there right now it is ridiculous. Everyone wants to get work from home jobs and everyone will tell you they are making good money. But they are not. Most of them are the “fake it till you make it” type blogs and most will never “make it”.

I would say that less than 1 out of 100 people who try can ever make a full time living on the Internet. It’s damn hard. What happens though, if you are able to somehow beat the odds and nuke your day job? Do you know what it means to be self employed in America? Do you have what it takes?

Being self employed is not easy. If you are truly self employed it means that:

1) You have to pay for your own health insurance. Sometimes it is even hard to find self employed health insurance as the one I am on is no longer offered. If you are lucky enough to find affordable health insurance for self employed, then you will have to send them a check (or have it automatically withdrawn from your checking account) every month to pay for it. You won’t have a paycheck for it to be magically deducted from. Find affordable self empoyed health insurance.

2) You have to pay your own taxes every quarter. This is the big one. If everyone had to get out their checkbook and write a check to the IRS like I do every quarter there would be a lot fewer fiscal liberals in the world. Writing a check to the IRS is one hell of a lot more eye opening than having it deducted from your paycheck. Everyone should have to write a check and then a lot more people would be upset at the government.

3) You have to be able to save enough to pay your taxes every quarter. You had better be able to have some self control because those commission checks you get from ClickBank or wherever are not all yours. Some of it belongs to the government and you better not need their share for the rent. The government doesn’t care about your rent, food, or that XBox you want – they want their share and you better have it for them.

4) You better be able to keep very detailed records. In order to pay your taxes you are going to have to be able to figure out how much you owe. That means you need to keep daily records of everything and be able to prove your income if you ever get audited.

5) You will need to figure out how to do your taxes or find someone trustworthy who does. The more money you make in life the more complicated your taxes become. That is a fact. I do my own taxes but then I am lucky and have spent the time to learn how. Without that, I would have to pay to have it done which is another expense if you are successful in life.

6) You will have to have saved up enough money to get started. It is hard to transition from a regular job to being self employed. That day when you make the switch and realize you are totally on your own is a scary one. There is no more safety net of that regular paycheck coming in. You will need to be darn sure you have enough money to keep you going for 6 months to a year just in case things don’t work out quite like you planned.

7) Depending on what you do, you may be alone all day. There are no water coolers and co workers if you are self employed. If you are a social person, you probably want to have a regular job where you can leave the house everyday and be out in the world amongst people. Sitting in front of a computer is not for everyone.

8- You need to be inwardly driven and a “self starter”. Wow, I hate those two words as they are on almost every job posting you will ever see. But in this case they are valid. Some people need a boss to look over them, give them work, and push them. If you are one of these people, you will never be able to be self employed.

I’m sure there are a lot more than this but these are some of the important ones and you will face most of these challenges right in the beginning. I have been successfully self employed for ten years now but it has not always been easy. Can you do it too? Do you really want to?

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  • 1

    Do You Really Want To Be Self Employed?…

    Everyone wants to make money online an quit their job but do you really know what that means? Have you ever thought about what would happen if you were actually successful. Do you know that you would have to start sending the IRS a check every quarter … on December 16th, 2007
  • 2

    Spot on! The first thing folks need to understand is the fail ratio and “fake it till ya make it” stuff. Not to rain on anyone’s parade but self-employment is tough. Having done it off-line and now on-line I have two perspectives and both very clearly understand the hard work and sacrifice necessary. The only big difference between the two is you and I both will get 100+ emails today about how rich everyone around us is (99 of em are complete and total lies). In off line business, you can simply tell by whether or not the store is still open…LOL. Nice post.


    Blogtommy on December 16th, 2007
  • 3

    Great comments and ideas! Some of them I didn’t know. What are your thoughts of setting up an LLC for tax purposes for all income through blogging efforts?

    Is that a good idea, or should one just go with it as personal income? I am not full time blogging and the income is not large, but just want to be prepared.


    Elliott Cross on December 16th, 2007
  • 4

    You got quite a few good points! It is hard to be self employed and recently I posted an article that is worth reading – Don’t Pick What You Love to Do – It Will Hurt ( where I try to point out that you should have a major that will make you smart enough to start a business and become self employed. As a matter of fact, by blogging you really won’t make so much money – maximum you can get to is up to a hundred grand a year and this is nothing these days! It could take years to have an established blog!

    Vladimir Tess on December 16th, 2007
  • 5

    Unfortunately I don’t know anything about LLC’s. My income and expenses will be listed with all my other income and expenses from my real job (at least this year).

    I wish I could someday make a hundred grand a year blogging but I know that will never happen. A $100,000.00 a year is still a lot to most people including me.

    DayJobNuker on December 16th, 2007
  • 6

    In some cases it comes from not so much the greed but the need to stay home to take care of sick family members. In rural areas it doesn’t take a whole hell of a lot of money to meet or beat your salary.

    I for one can not afford to worry if it works. It has to work, it will work ‘some one give me a hammer – trying to get this damn thing to work’.

    Maybe it comes from my job watching the consumers and staff, both mostly minorities, work against all odds. It’s inspiring to see someone that other gave up on being taught as adults work ethics and how one goes to work.

    Hope this wasn’t too dramatic. I’ve been sick in bed all weekend – goofy on drugs.

    Robert MacEwan on December 16th, 2007
  • 7

    ‘maximum you can get to is up to a hundred grand a year and this is nothing these days!’

    I wish..

    Maybe in American Dollars though 😛

    This article was good. I gave up ‘making money’ and running ads on my blog a long time ago since hardly any blog reading people click on them anyway. Most of them are pretty internet-savvy and one would have to mess up its whole site too get a decent click-rate. That wasn’t really worth it for me. Freelance web-development is pretty good though 🙂

    Bart on December 17th, 2007
  • 8

    Lots of good and very realistic advice. I think that the romantic lure of working for “yourself” can cause some to overlook the harder realities of it. Though there are wonderful perks to self-employment…not to be ignored.

    Another thing that I would mention is that for many who are self-employed, it can be easy to become too immersed in work. It is important not to work too hard…keep some balance in your life.

    Thanks for the great post!

    sonora kango on December 17th, 2007
  • 9

    I mean, yeah, a hundred grand is a lot and I saw some people do it. In fact, people got much more then that. You see, from my point of view you shouldn’t just stop at blogging. Blogging, I believe is a good way to get audience and from there you should start to deviate and try to make money by starting some business, related to topic that you blog about.

    There are lots of people who have started as a blogger and ended up giving classes. Good example is, where he started by giving tips on how to blog and finally ended by hosting classes nationwide!

    Imagine what would happen to SONY if it produced only TVs, lets say; they wouldn’t be as big today as they are. You have to find alternatives to help people and make money.

    One thing: Never give up! I started a Linux blog this summer and I gave up. My new blog ( isn’t going down that easy.

    Vladimir Tess on December 17th, 2007
  • 10

    And don’t forget that:

    1. The ROI is low, and;
    2. The stakes are high!

    Best of luck to us.

    Aurelius Tjin on December 17th, 2007
  • 11

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  • 12

    This is useful, but it’s number 7 that would be a problem for me: I’m very social, but it goes way beyond yakking at the watercooler. For me, socialization provides much of the very structure for my day.

    Hemet Kango on December 18th, 2007
  • 13

    I thought to write an article in previous comment post and so I have! You see, when you say to yourself, “I hate my job! I hate my boss! I hate my …”, you will make your subconscious mind (habit memory) hate the job and the boss. Just think about it – if you always tell yourself that you will lose the game, you will probably lose the game and on contrary, if you keep the spirit alive, saying that you will win, you’ll eventually win! In this case, all you have to do is stop hating your job and start loving it. Read more on I really hope my post will help many of you people who are upset about your jobs.

    Vladimir Tess on December 18th, 2007
  • 14

    This is a great post. Most people never think about any of these things. It’s definitely not easy.

    Still, I aspire to be self-employed some day. My job has me miserable. I’ll find a way to deal with these 8 points 🙂

    Mr. Disgruntled on December 19th, 2007
  • 15

    Good luck Mr. Disgruntled.

    DayJobNuker on December 19th, 2007
  • 16

    Mr. Disgruntled, I’m sure you have seen the quote, “A Quitter Never Wins and a Winner Never Wins”. But I’ve seen an extended version of it, “A Quitter Never Wins and a Winner Never Wins, but the one who never wins and never quits is an idiot” Not to say anything about you, but just make sure that you know when you are in need to move on. I would try to focus more on a small business then a blog (if you are thinking to start a blogging business)- I know quite a few business people who are going to make over $50 grand just off the December because of the holidays in their small business.

    Vladimir Tess on December 19th, 2007
  • 17

    No one should just leave their job and start a business of their own unless they have some saving or a source of income that will keep them going.

    It’s a good practice to start an online business or blog while you are still working. And if the site starts to generate enough money to cover your basic needs (rent, bills, grocery..etc) then you can leave your job and concentrate on maximizing your profit from your website.

    I have been self-employed over 2 years now. It’s great to be self-employed, but as you say it comes with its own risks and disadvantages.

    Ades on December 20th, 2007
  • 18

    That was a very interesting read. Looking at all the facts and comparing them to what I have to go through with my current job…. I’d have to say…. hurmmm….. YES! I’d take my chances but self employment is something I’m really looking into!

    domeinregistratie on January 1st, 2008
  • 19

    If you do the self-employment right, then the rewards are going to exceed the downfalls.

    Vladimir Tess on January 1st, 2008
  • 20


    Just wanted to drop a note to let you know what a great site you have. It is a great resource and a great place to drop by….

    Annie on January 13th, 2008
  • 21

    Everything of value requires taking some risk. However, it definitely makes venturing out on your own safer if your spouse has a steady paycheck coming in.

    Online Trading on February 2nd, 2008
  • 22

    What you say here is crucial that newbies on the Net learn that there is no ‘easy money’. You have to sift through endless lies and empty promises, and the basic to any money making endeavor is marketing.
    Thank you for posting this!

    frootbat31 on February 22nd, 2008
  • 23

    I still think the best arrangement is to have maybe a part time job that can help provide that fixed income a month while trying to work your way online. If the latter becomes successful, then by all means leave the day job. It really takes a long time and hard work before one can even build a self sustaining online income.

    dog blanket on March 24th, 2008
  • 24

    Having a job or being self employed both have the plus and minus points. If you get paid well being self employed and have a few income sources then I believe it far outweighs any negatives. No job is “secure” nowadays.

    Get Camping on April 4th, 2008
  • 25

    Great article, DJN! You mad some tremendous points about being self employed.

    I believe if one is fully committed, they can make a living online. But it does take hard work, and you really do have to weigh all the points noted in the article.
    I think a good idea would be to check out some forums
    of self-employed people and you can then better weigh the adantages/disadvantages.

    Kyrie Bridgewater

    Kyrie Bridgewater on April 8th, 2008
  • 26

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  • 27

    My husband has been self employed for over 20 years, and although I have shared the ups and downs with him, as a civil servant of 35 years standing, I never quite understood how hard self employment was. I took early retirement and now work with my husband. It is only now that I am discovering first hand the amount of drive and determination that is needed to be successful.

    judith on November 16th, 2008
  • 28

    It’s true, a lot of people would love to quite their job and start a business. I know quite a few who constantly talk about wanting to work at home or sell stuff on Ebay, but they fail to realize all the hard work it takes to keep it going. At your day job you have the security of a weekly or bi-weekly paycheck where all yu have to do is show up and not get fired. But when your self employed you can really get stressed out with trying month after month to keep food on the table for your family. Best advise I can give is to not quite your day job till you have a steady stream comming in from your business that exceeds what you were making.

    Charles on February 6th, 2009
  • 29

    Talking about it and dreaming about it is more fun than actually doing it. Those who do try soon find out just how hard it is.

    DayJobNuker on February 6th, 2009