W*F Is WiFi Money?
78: We thought it would never came to this..
We thought we did our job describing what the WiFi money is with our Q&A. But after having a few million views on the Instagram clip which resulted in over 200 DMs - 80% of them being the same question. Based on that, we have decided to write a full article that will serve as a reference when we get a similar question to "What is WiFi money?".
Readers who have been reading us for a long time already know what WiFi money is all about. It’s just a fancy name at the end of the day - nothing else. For the new readers, there might be certain confusion behind it. Reflecting back… We are not sure why we never covered an article such as this one earlier. We never thought there was a need for it since we have been in this space for ages and heard the term over the years. Guess we were wrong.
What Is WiFi Money?
First, we live in a society where our fridges are connected to WiFi. This should already be a clear sign of where this is going. WiFi money is nothing else than an income you are making over your WiFi. Money made over the internet - is the best explanation we could give you. It is worth mentioning that we are not talking about 9-5 remote roles - which could be considered WiFi money. When we are talking about WiFi money, we are strictly talking about lean side operations, side gigs, or side hustles. However, you want to call it. The idea is that you want side income separated from your W2 income. Can’t get much simpler than that.
Examples of WiFi Money
The next question we get in combination with the one above is what are the examples of WiFi money? Remember we are not including any 9-5 on the list. There are more examples of WiFi money. However, this should be enough for the new readers. Enough to start new guys aiming in the right direction. All types of income making on the list below can be done over the WiFi, and we have seen it work over the years.
DR - Direct response
Short form content
The Importance Of WiFi Money?
Now that we are done with the boring part and have futureproofed ourselves from the “What is the WiFi money?” questions. Let’s get to the real reasons why you want to start building your WiFi money operations as soon as possible. There are numerous other reasons why you need to build a business on the side.
Impossible to understand for readers who have never dealt in a professional environment or have yet to see the first results of their efforts. One of your early goals when it comes to the building is all about chasing that "aha moment" - we have been mentioning this for months at this point. Once you experience your first "aha moment" realize it’s possible. Nothing will be the same after that. Most do experience it after their first WiFi dollar hits their bank account. Others need more time. This is often the grey period when the noise does the job and most never build anything in the end - topic for another time. To keep it simple. One of your early goals should be to chase that moment. Building until you realize you have managed to build something meaningful. Something that others are willing to pay for. After that mindset shift it’s impossible not to feel more confident.
Understanding The Business Model And Industry
Another point in favor of building WiFi money is understanding the business model you are operating in. Smart ones will stick to the business model they are already operating in - transferring their 9-5 skills. Those who are not that fortunate or are just getting into an internship will have to pick and build their skill set from there. There is nothing wrong with that. Once you have done enough hours of WiFi money, you will realize that you could scrap your current project and get a new one running in a significantly faster timeframe. That happens when you start understanding your business model and the industry you are operating in. Realizing it’s all quite similar in the end.
We are bundling the business model and industry together - even if they are not the same. The reason we are doing so is that we have a fully drafted business model article that we are planning to publish soon. Understanding the industry will allow you to perform more efficiently and understand what is going on in the backend - giving you insights into customer needs Another positive that doesn’t get enough credit is that even if you quit your WiFi money idea or fail to build one. You will never lose the knowledge gained. Giving you an angle on how you should think and position yourself regarding business models or industries.
Becoming A Better Employee
Having a cash flow from side operations makes you a better employee in the long run. Counterintuitive. At the same time, a mix of confidence and an abundance mindset that develops from an additional income on the side does wonders. Over time, we don’t realize how bad of the employees we become. Not in the productive or value sense. But for ourselves. An employer’s favorite is a hard worker who doesn’t know how to fight for himself. Subconsciously, you will become a harder nut to crack - which is not a bad thing at all.
Without a doubt, the biggest difference you will notice is how your work colleagues will start to treat you differently. Humans calibrate based on respect for each other and the perceived value of others - you quickly learn this if you are operating in a sales environment. Keep in mind that you will not be able to raise your status if you are not a high performer. Not necessarily a top performer but, one that is above average - WSP covered it in reading material that changed everything.
It’s quite simple: above average performer + abundance mindset + confidence. It is hard to replace employees who will easily move through the ranks and get promotions - making themselves look valuable. Exactly what most get wrong regarding office politics and playing games. The change itself will take time. Not selling any dreams. Plus, having a safety net that your employer offers while you are building your WiFi money is important and will make it easier for you to sleep at night. The whole point comes to doing the opposite of what is logical. The less you care about it and as a result, you end up presenting yourself to others in a different light - the more success you will have. Another important read when it comes to playing office politics and understanding the same is Corporate Machiavelli.
Want to play geographical arbitrage? With remote income, it’s possible - WiFi money being the answer. Imagine that you never have to visit the office again and you can work from any location in the world. Hard to beat. Smart readers are already living a lifestyle that is better and cheaper in the end - using it to their advantage. The whole idea comes to making income in a stronger currency and spending it in a weaker currency - covered earlier in the teen’s guide to income maxing. Not all readers will be interested in geographical arbitrage. But the majority of the young readers will - another point in favor of why you should be building on the side as soon as possible.
Money is the final piece of the puzzle. If we put everything aside or don’t give you any other reason than money. It’s still worth it to build a WiFi money business. Money is not the most important thing in the world - at the same time, you can’t do much without it. This means you will either start building side operations (making more money) or you will keep complaining about how inflation did its thing in the last few years complaining like all others around you that everything is expensive... Avoid.
Could you imagine quitting your 9-5 to be your boss? It’s never been easier to do so. If nothing else on the list managed to convince you - money will neither. Our advice regarding building WiFi operations and keeping your money safe? Make sure your security is on point - you don’t want to put your business in danger because of the wrong link you clicked on 3 years ago.
Benefits of building WiFi money:
Deeper understanding of business models and industries
Becoming a better employee
To wrap up pick a skill and business model relevant to you. Start building. Ship out fast. Fail. Learn from your mistakes. Start again. Succeed. It’s that simple. Right now the costs of starting the business are minimal - use it to your advantage. Don’t worry about what others are doing, and learn to ignore the noise. Understand that no one is coming to save you and that having a passive income completely independent of your location is key. For those who still don’t realize the importance of what we covered here - you can’t save someone who doesn’t want to be saved. A village by the sea is possible for all of those who want to put in the real work. Trust us on this.
As promised in the Q&A article - those who subscribed by choosing the annual or founders option before December 31st received one month for free. Thank you.