Lifestyle design is a concept that has been made popular by lifestyle guru and entrepreneur Tim Ferriss. Tim Ferriss is the author of the best-selling book 'The Four Hour Workweek' which is pretty much about what you would expect from the title: it's a book that explains the merits of working less and the mistake of working insane hours just because you're expected to, and that then shares some of the tips you can use to make more money even though you complete less work.
Tim Ferriss' book is aimed at people from all walks of life and should appeal to anyone, but undoubtedly the best way to achieve the goals outlined in the book is to work for yourself online and to do this by running a website. Here's how to succeed in lifestyle design by creating a website…
Passive Income
If you really want to be able to work for just four hours a week and still make an impressively large salary, then you will want to set up a form of 'passive income'. Passive income is income that generates itself while you sleep, and it's income that only requires a small amount of management on your part in order to keep going.
If you want to earn money passively then you need to essentially create a business model that can take care of itself. How do you do that? By creating a website that converts traffic into sales and then finding a way to bring yourself that targeted traffic.
The most common way that webmasters generate income from a website that they hope to earn passive income from is by adding AdSense to the pages. AdSense is a form of advertising that pays you every time it gets clicked on – but unfortunately it doesn't generate enough cash on its own to really change your life or pay the rent.
More effective then is to sell a product: either one of your own, or an affiliate product that you will keep a percentage of the profit from.
The best option here is probably to create an eBook that offers readers a clear and obvious benefit, to create a page on your website that will make that book sound amazing, and then to pay a small amount for advertising to bring visitors to that page where they can make a purchase.
There are other methods too of course – from selling an app to creating a social network – but getting yourself a dedicated server is a good place to start.
What to Do Next
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| Source: Pixabay |
So now you have passive income, you can set up your lifestyle to be precisely what you want it to be. That means working from abroad, it means working on projects that are more interesting to you, and it means spending more time with your loved ones. Life doesn't have to be a constant slog in an office – try creating a website and generating some automated income and you can live like a millionaire and enjoy the freedom that very few people do.
Today’s contributor, Bob Whitaker, is a freelance blogger, currently working for NetDepot, well-known providers of managed server services. When Bob is not working, he prefers to spend time with his family.
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