You see, coaching and consulting requires time. It's not a “passive income stream” by any measure and doing it means you're still stuck in the paradigm of trading your time for money. As long as you're trading your time for money, you'll never be able to scale up your income or have freedom. That's why I'm huge on creating AUTOMATED SYSTEMS that make you predictable, repeatable passive income while you're sleeping, day-after-day, month-after-month.
Whether it’s an important consumer application, a specialist app to solve a particular niche problem, or even a time-wasting game you can play on your phone, you can create a massively successful business if you build software that helps people. (Look at the rise of Slack—the team communication software that went from side project to billion-dollar company in just 2 years.)
–>In the beginning, group programs can fail. What if you create a snazzy new program that you are all excited about, you pour time and resources into it, and only a handful of people sign up? Then you are stuck delivering a program to too few people for too little cash. It can feel soul destroying, especially when you are first starting out and you don’t have a cash safety net. So many new coaches immediately want to build and deliver a great group program, but they forget to take into account how much goes into building, selling, and marketing these programs to make them worthwhile to run. So while I LOVE them, don’t think that they are easy or fast – to do right, they take both time and effort.
There are better business models out there but Clickbank can be an ok way to learn. The downside is most people who start on there get their ad accounts blocked as they don’t understand the terms of service and can’t advertise from them in the future. The web is becoming more transparent and people are wiser to what an affiliate ad is. The people who click them tend to be an older demographic 50+. If you are going to promote something, make a decision to only promote good products.
–>They require a LONG lead time. If you want to sell a retreat and have a hope of filling it, you’ll need to start selling it months in advance and allow for at least two big sales pushes, one at the beginning of your sales cycle, and one near the end. You’ve seen October conferences that start selling tickets in March, right? This is why. And those months of selling can be exhausting. Some people can commit early, but some can’t till the last minute, you’ll have to account for both. While you are doing that, it takes energy from the rest of your business.
Direct linking: This means you’ll send people directly to the vendor’s sales page. This used to work well and still does in some rare cases but most of the time, it’s not recommended to go down that route. You need to “warm up” your visitor first before sending them to the offer page. Unfortunately, because this is the lazy man’s route, a lot of people choose it.
–>Sometimes it can be easier to sell someone else’s stuff instead of your own. Sales is a skill, so a way to sharpen your skill set in the beginning can be to try and market and sell for someone else. It feels less personal and scary because you don’t have to sell you, and affiliate or partners will often have tips and tricks to help you learn how to sell their stuff.
2. Physical products/E-Commerce: I call this marketing "stuff" - everything from supplements to electronics, from entertainment packages to credit cards...obviously a VERY wide spectrum here. Typically you start with a niche category (kitchen supplies, health supplements, yoga products, etc...) and then specialize in sub-niche within those categories...again ideally you work toward either manufacturing your own goods or at least sourcing from overseas versus simply being an affiliate - but starting as an affiliate is a good way to test a given market
One example was the absurdity of the 1-hour session. An effective workout is almost never exactly finished in one hour’s time. Some protocols call for 45 minutes, some an hour and a half. Yet in order to avoid a scheduling nightmare, I was forced to be with each client for exactly an hour. This meant that some sessions would end with a 5-minute stretch to fill the time, whereas for others I would have to rush through the breaks to get the entire workout in.
Every year, hundreds of millions of documents are notarized in the United States: wills, mortgages, citizenship forms, handgun applications. While for decades, this has all been done in person, there is a budding crop of sites that allow notaries to take their services online. If you’re already a notary, you can sell your services online. Or, if you want to get started, check out the National Notary’s checklist for becoming a certified notary.
I see the great potential and endless possibilities in making money on line. I also saw the numerous youtube blogs stating how they can help you make thousands of dollars a day. However, the ones I read were a bunch of fluff. I really want to do the CB business but not sure how comfortable I feel about blogging but willing to try it. Do you have a course or a one-on-one you can help me get started.
That’s not to say that a group setting only benefits the coach. When you have a group of learners, their ability to support and interact with each other can be very valuable. Sharing experiences, working with partners, doing group exercises, and otherwise varying the interaction patterns between clients makes for a much more interesting, dynamic, and fun session. Even formal education has taken on an approach that emphasizes peer-to-peer interaction.
Online business is how I’ve made a living since 2003 and what has helped me retire early. I make over $40,000 a month through my blog. You can create your own blog here with my easy 15-minute step-by-step tutorial. You can start a blog for as little as $2.95 a month (less than a cup of coffee!). Create a blog and leverage it into affiliate sales or product endorsement deals. Consider topics like:
I believe coaching and consulting can be an excellent way to make money online, but only if you have the system set up right. It has to be worth your time and I only would recommend it as a secondary source of income. I continue to offer coaching and consulting on my website simply because there's a big enough demand and market for it. I also enjoy it immensely too.
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Thanks! I have a few products mixed into my blog posts, and will be adding more. I have found CB to be a mixed bag so far – but need more time to see how it pans out. Also wondering about setting up more sites to follow the funnel you set up. I was pleased to hear you mention having 3 follow ups in the responder sequence. Someone else had suggested 10! I figured by 4 or 5 you lost them anyway.
–>I cannot state this enough: Retreats are often the LEAST PROFITABLE part of your business. The reason? They require the most up-front costs. From renting a conference room (or house), providing food or other extras, to your own travel and expenses, things add up quickly. It’s very easy to lose money on retreats, or not make any money at all once you tally up everything you’ve spent. Given that they take a lot of time and plan and deliver – this is less than ideal :).
At the age of 21, I decided to start my own dating coaching business called Lifestyle Transformations. I had two friends that were my partners in it and we ran this company for 4-5 years in Vancouver. We started by offering 1-on-1 coaching and then eventually hosted our own seminars and workshops. Our business model was to offer free seminars in our city, have up to 20-30 people attend, offer massive value to them for free, and then up-sell them on one of our 3-day bootcamps.
First, there are several sites out there that act as a platform to connect people who want to buy this content with those who write it. Writers Domain, Crowd Content, Writer Access, and Constant Content are all professional sites with great reputations. Some require you to write a test article before being accepted, while others allow you to write from day one.
25. Products – You can create your own product, such as an ebook or computer software. You would then use your blog as a promotion tool to get people to buy your product. As long as you create a legitimate product with a whole lot of value, you should be able to get some buyers, but like everything else with a blog, you’ll need the traffic to get the sells.
My 10-year-old son brought home a book from our park’s free library box. It was a biology textbook – teachers edition. He said it looked interesting and hey, it was free (having no idea you could sell it). I scanned it in my Amazon seller app and realized it was worth around $150. He was so excited. We listed it for sale for $130 and it sold! Going to tell him, he just made $130!
There are a lot of ways to do this, but I’m most experienced with re-skinning apps. Last year I was able to make over $15,000 working just 1 hour per week. If you have 4–5 hours daily to work on this, you could definitely make big money! The general idea of re-skinning apps is buying/creating a template, changing the graphics of the template, and then selling the app. The best part is that you don’t even need to know how to code!
Imagine there was a done for you system that would let you earn $1,000 commissions, so you only needed 10 sales to achieve your 10k/mo goal. Imagine there was a system that would give you the coaching and help you need to so you won’t have to Google or research for answers, imagine there was a system that would give you done for you funnels and the training you need to earn those massive commissions online…
It’s not the sort of online money making opportunity that’s covered in glory, but everyone needs a set of eyes to make sure the numbers add up at the end of the year. Every business and most individuals need someone to help prepare tax returns, especially time or resource-strapped small business owners. The Income Tax School provides an array of training programs that'll certify you with tax prep in as little as 10 weeks, and once tax season rolls around you'll be able to charge an average of $229 per return as a freelance tax preparer with this side business idea, reports CNBC.
I got a question about the funnel. You were talking about the first page to be a blog page. I interpreted it as having you own blog(website), that should compete with other expert website. I was wondering if the first step of your funnel can be the opt-in page. The blogs that refers to the opt-in page are guestblogposts on expert websites, so multiple ways of traffic and seo. So you are only building an opt-in page, thank you page, landing pages etc on your website, but no blog to become an expert. Is that something you can do? Or is that not Google friendly or most expert websites are against?
I think Clickbank is going to be around for a while. Digital information products, membership sites, PDF guides and other information that can be bought and sold on the internet is only going to grow. I give CB a hard time because I work in the internet marketing industry so I see horribly hyped and misleading products all the time, but there were a few goodies I found in my research for this article. I'm not recommending you promote these, but I just thought that they looked like high-value products for the right niche audience.
I've learned so much with this course! KC Tan is an excellent instructor. He covers all the bases. Also, his facebook group and email list have both been a great value for me. I've made money using this method, and I'm hoping to start making even more by learning list building details in another of his courses that I just started. So glad I came across his courses.
That is what I've learned to be the RIGHT WAY to getting clients and customers. Most coaches or consultants think, “Hey I want to be a coach or a consultant” and they spend hours each day trying to find people and convince them to hire them. What a horrible business model! Instead, you want them coming to YOU and for YOU to be the selector of who you want to work with.
You’ll also need time for review, feedback, instructions, and progress checks. There’s a lot to do besides actually teaching the session’s content! For example, it’s often a good idea to have clients share their “wins” and their struggles each session, to commiserate on their progress and stimulate ideas for improvement. You should also go over what was learned in the last session, and see how clients applied it. These things contextualize the content, and create continuity and accountability over the whole course of the “package.”
An online personal trainer is an occupation that allows you to help more clients reach their health and fitness goals while dramatically increasing your income. In this article, you’ll the discover how you can maximize your time, effort, and skills as a fitness professional, and set up an online personal trainer business using these 7 proven steps.
It’s why our customers, who are just normal people, have made upwards of six figures in just a month while launching their courses. It’s why the best content marketers (like Seth Godin, Marie Forleo, Noah Kagan) are selling courses. It’s why there was $2.51 billion invested in educational-technology companies during the first half of 2015 (according to InsideHigherEd).
Not everyone is able to do this, being an affiliate is similar to being a marketer. There are people who can do meanwhile others cannot, Clickbank is not a means of making money, but more of a base to make money, acts as intermediary between vendors, affiliates and customers. You will work for yourself, find customers who would purchase the products you advertise but do nothing for Clickbank.
As long as there is still the written word, there will always be editors. Freelance editing and proofreading not only pays a decent hourly wage, it also gives you the chance to read about potentially interesting topics too. What's more, pursuing freelance writing & editing as a business idea can afford you a lifestyle that lets you travel the world as a digital nomad. You can find lots of job postings from companies and individuals in need of writing, proofreading, and editing services on Upwork, which makes this a high-demand opportunity to make money online.
I remember reading this book, Talent is Overrated, that was debunking the idea of innate genius. There’s one moment in the book that talks about Mozart, someone who is widely considered to have been a young music prodigy. But his dad was a music teacher. That was a huge part of his backstory. He wasn’t born a genius — his dad taught him (we would say coached him).
I am absolutely new to the whole online marketing thing. I visited CB in 2012, then, it appeared overwhelming so I put it on the back burner. A week ago I revisited CB and ran two campaigns without a website nor blog . I went to Fiverr and had traffic directed to my CB ad. At this point, I’m just waiting to see if anything converts. I jumped in without knowing too much of what I was doing… I needed to take some type of action.
22. Advertising – This is definitely the most old-school way of earning money with a blog. It’s also starting to become the least common way. You can sell advertising spots directly on your site or you can sign up with a company like Google AdSense or Media.net. Either way, you won’t see a whole lot of money from ads until your views are well into the thousands each day.