We get asked this question all the time! How much money can you actually make when you are working from home? The reason so many people want to ask us this question is because you often see jobs posted online for around $2 an hour. The reason that people are paying so low for these jobs is generally that they need help but have no budget and the people who do these jobs are generally those living in developing countries. This is not what we do.
What can you expect to make online?
We start by breaking this down into different categories because of course, not everyone is going to make the same amount of money. There are a lot of factors that go into how much money you can charge and in turn how much you are going to make.
We call you beginners because you might just be starting out in the Virtual Industry. Everyone has to start somewhere. When you are starting out you might find yourself doing a wide variety of tasks. That’s OK. This is the best way for you to figure out what you are good at and what you want to do long term. This is also the best way to build your portfolio.
These are basic admin tasks and you are going to find that a good rate to charge for these things is around $7-15 an hour.
Intermediate is when you may have been working in the Industry for 1-5 years. You know what you are good at and you have a well-built portfolio really showing clients what you can do. Make sure that you have an awesome resume and professional social media accounts. Around this time you can start charging people $15-25 an hour.
We call the next section mastery because this is when you really niche down and start doing what you are really good at! During this time you are going to be making anywhere from $30-60 an hour. The more mastery you are, however, the more you are going to make. This is for people who have educated themselves further in what they want to do. They have done the coding boot camp, gotten the teaching certificate or anything like that to really make themselves an expert.
Once you are an expert you can start charging $100-200 an hour and be outsourcing most of your work to an amazing team that you have built up to help you get to this point.
What can you do now to start generating an income online?
PASSIVE INCOME! If you haven’t heard this term before, then let me explain it to you. Passive income means you are making money by doing nothing. They say it’s making money in your sleep. However, it takes time and often money to set up, but if you do it right, it can be all automated.
The other thing that I recommend that you do is NEVER say no to work. The reason being, you should ALWAYS outsource. Instead of saying no to anything (unless it’s out of your field) you should say yes and then outsource to someone else. Build up a team around you so that you can have time off, work less and earn more!