3 Different Stages of a Successful Online Business

Making money online is easy.

Google ‘Making Money Online’ and you will find millions of search results that make this claim.

They talk about side hustles and creating a lifestyle business. Both of these are great options.

However, there is a third option that is rarely mentioned because it doesn't fit into the 'quick and easy' category of making money online.

It's the pinnacle of making money online, and that's creating a Global Small Business.

If you just want to make some extra cash, stage 1 is for you.
If you want a more flexible lifestyle where cash isn’t the main driver, aim for stage 2.
If you want to build a team, create a micro-niche, make some serious cash, and have lifestyle flexibility, stage 3 is where you need to be.

You might start a side hustle to supplement your income, pay off debt, boost your savings or use the money to invest.

You might decide that making some extra cash in exchange for a few hours of work is enough.

A lot of online side hustles turn into lifestyle businesses when they generate enough money to cover your living expenses.

At this stage, you might decide to quit your full-time job, become a lifestyle entrepreneur and have the freedom to do what you want when you want.

At some stage, you may decide to scale your side hustle or lifestyle business into a Global Small Business (GSB).

Daniel Priestley coined the term ‘Global Small Business’ in his book, Entrepreneur Revolution.

With a GSB, you can live in different locations, generate millions in revenue with a small team and earn a seven-figure salary with comparative ease.