1. Digital products: instructional products aimed at providing systems and information toward the desire to transform lives (health, dating/relationships, financial, self-help, family/parenting, etc...) Eventually you want to produce your own products (reports, ebooks, books, courses, coaching, software, etc...) but you can start by marketing as an affiliate
The more requests I get, the more in-demand I am. As a result, I become more valuable and am in a position to charge higher coaching rates for my time. My rates for coaching have grown substantially when I first started, as now my time is more valuable. My time can now better be spent growing my passive income streams and building systems that make me thousands of dollars per month every month.
Just talking about Wealthy Affiliate in particular, they charge a monthly fee because you get help every day you are a member. Building a business is a continual process. Their fee is $49/month. You’ll also need a domain for $15/year. You have the option of paying for a keyword tool for $19/month. There are no other required fees or upsells. No expensive mentorships!
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.
Making money consulting or as an online coach may be one of the first ways you consider to create income from your blog or it may take a while to build up to it. It’s one of the higher-paying online income sources but takes time to build the credibility and experience to be successful. Whichever path you decide to take, don’t count out the value of your experience and don’t neglect this great way to make money online.
Once you get an audience, companies will reach out wanting to work with you (or you can reach out to them) in the form of a sponsorship. Another, more indirect revenue stream, is you can create products, like online courses, to sell to your audience, which for me, has been far more lucrative than any income I’ve made from paid ads or sponsorships.”
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).
But, like everything else, systems are everything. You would tell your client that he or she needs a strong base first before getting into the fancy stuff, right? Well, your as online personal trainer, you run your business the same way. Build it right from the beginning, even on a very small scale, and the freedom you desire is closer than you may think.
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.
4. Immense choices - As mentioned before, there would be immense open doors at your doorstep. You can do whatever you need. You don't have to be an Ace in a particular field however you can be a Specialist in a specific field which you jump at the chance to do the most. In case you're great in keeping in touch with, you could make a digital book and offer it on the web, or begin a blog on a particular specialty or in the event that you are great in coding, you can outline site layouts and offer it online simply like consultants do.
First off, I’m a blogger so it seems wrong not to mention it, but more importantly, it’s a legitimate way to make money. It’s quite possibly the least straight-forward way on this list, but it’s very doable and it’s also quite possibly the funnest way on this list. I love blogging and I know hundreds of bloggers who feel the same. So let’s talk about making money blogging and what it really means.
How many email newsletters are you bombarded with every single day? There’s a reason for that. Marketing to an actively interested group of email subscribers is one of the best ways to make money online. There have even been million-dollar businesses built from simple email newsletters like TheSkimm, or Mister Spoils. Each newsletter targets a specific type of user with interesting, daily content, while also partnering with relevant companies and affiliates to bring in extra money. If this seems daunting, it’s not. Tools like MailChimp, ConvertKit and AWeber make it easier than ever to get started with email marketing. And another great option to consider (with the largest free plan available) is SendPulse, with their ability to send up to 15,000 emails per month to 2,500 subscribers, and then affordable plans starting at under $10/month as you grow from there.
If you’ve got a way with words and expertise in a niche, there are plenty of sites that will pay for articles and content you write. Think of the sites you read regularly. What can you contribute to them that would be interesting? Research your niche and then look for ways to pitch articles. Many sites will simply have a submission or contact link in the footer. To get started, check out my full guide to becoming a freelance writer on the side and then submit your articles to places like Listverse, TopTenz, A List Apart, International Living, FundsforWriters, and Textbroker.
–>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.
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.)
I began with the few things identified here but in the time since have added my own 48 Days content through traditional books, ebooks. online courses, membership sites, and a Mastermind. Knowing I had a core message to share (Release dreams into purposeful, and profitable work…in 48 days) has allowed me to add multiple ways for people to experience that message. And I’m confident you can do the same.