The most important factor to me is passive income and to have the ability to spend my time as I wish without being a 8-5 slave (sorry, there’s no such thing as 9-5 most real jobs are 8-5). Anything that makes me a lot of money is enough to make me feel passionate; whether it be sand or smut. As long as it makes $ that is all that matters to me; I am not going to pretend to be a deep person and like my work needs to have purpose…
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What makes this list unique is it’s based entirely on the methods I have personally used, so I can reveal to you what I did and what my results were. Bear in mind these methods represent ten years of working online, so I do not do all of them presently. At one point in my career however they were an income stream, and are still viable options for you.
People are turning to audio and visuals when it comes to technical subjects. However, you should consider doing an ebook first and turning it into an audiobook through a resource like Audible's ACX platform. You can hire a producer either through a royalty share program, so you don't have to shell out upfront cash, or you can do a pay-per-hour hire as well.
Once you have that problem or need nailed, the next step is to validate that idea and make sure you’ve actually got customers who will pay for it. This means building a minimum viable product, getting objective feedback from real customers, incorporating updates, testing the market for demand, and getting pricing feedback to ensure there’s enough of a margin between your costs and what consumers are willing to pay.
Another way to utilize your talent and business skills is to run corporate workshops online. Businesses are always looking for unique ways to help educate their workforce, and if you can package your talents into a day or half-day long session, you can sell that to companies all over the world to make money online. Start by building a portfolio and then reaching out on LinkedIn to influencers at relevant companies to see if they would be interested in you teaching their team.
If you have a background in a specific field, you may find there is a demand for writing industry papers in your area of expertise. For example, there are often adverts for doctors, lawyers, nutritionists, and business experts from particular niches, to write white papers on different subject areas. These are well paid jobs that you will need to stake your reputation on, but that can often be worked on from the comfort of your own home.
Create a killer course experience: With your course validated and in the works, you need to figure out how people will take it. Most course creators choose to host their courses from their own websites. This way, they get all the value of bringing customers back to their site on a regular basis. I host my own courses from a subdomain on my own site so I can easily add more. The course experience is incredibly important as well. And after trying most of the solutions, I highly recommend Teachable—an online platform designed specifically for courses.
Alexis Dawes created a product called “Desperate Buyers Only”. I interview her for an upcoming case study on Inspiring Innovators, where she mentions that she is able to make up to $97 from ebooks as small as 12 pages. The key? Finding people who are incredibly desperate for the information you provide and then doing good research to find a real solution to their problems. The result? Happy customers whose problem is solved, and money for you — a win-win situation! Caveat: It may be tough to find a real desperate buyer niche (Alexis reveals some in her case study). Here are some hints: When were you last in a situation where information would have either saved you a lot of money or a lot of pain? Has someone else close to you been in a situation where they could have used information to avert pain? Think legal, medical, and financial niches.
Hey Yarro its been a long time since I have been to your blog. Lots of great info as usual and it was interesting, I was watching Rich Schefrens 7 Steps To Unstoppable income and some of the things I heard in that are repeated above. Of course Rich brought you up as one of his clients. Thanks for the great info and I will be back. There is lots of info to catch up on.
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This is an interesting way of earning money as your opinion counts, literally! You get to give your opinion on music tracks and count your money twice a week, every Tuesday and Friday via Paypal. I've personally cashed out several times on Thursday and my funds were in my account the next day. A track is sent to you on a daily basis and you give feedback as to whether it is a hit or a miss. You also get to increase your earnings by referring friends to Slice the Pie, yes, the pie is too big for you to enjoy alone. Through their reviews, you get to earn bonuses. Click here to get started!
I myself was a pretty big Magic: The Gathering fanatic from 18 – 21 years of age. Though I didn’t setup any website about it, I did cojoin a site related to Dungeons and Dragons content and provided GM tools written in excel for download. At the time I never had much interest in branching out and starting my own sites for profit and 10 years later I started up my blogs. Had I only started ten years earlier I would be in a vastly different place than I am now, but as they say hindsight is 20/20
You can set up a website, gradually build up the content (articles, videos, podcasts, etc.), then eventually monetize the site through advertising, affiliate marketing, or even the direct sale of specific products or services. Even better, you can generally find whatever services and technical assistance you need online and free of charge. Later on, when your site develops a reliable cash flow, you can begin working with paid providers who can take your blog to the next level.