My next self-funded business hit $160,000 in revenue in its first year alone. After that first taste of self-made success, I’ve gone on to sign consulting contracts worth tens of thousands of dollars with startups like LinkedIn and Google, launch profitable online courses, and build a following of hundreds of thousands for this blog and my podcast series.
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).
If you've developed valuable skill sets or picked up certifications within your industry over the years, offering your consulting services to local business owners can be a lucrative way to make money online. Whether you're an expert marketer, business strategist, or manufacturing aficionado, there's likely a local business owner who's willing to pay you to help them solve an issue with their company. Start with this 18-step checklist to becoming a local business consultant from Karyn Greenstreet and then use my guide to crafting an effective cold email to convince them to hire you.
29. Videos – This could be an entire section on it’s own. Many people have made money by creating YouTube videos. Evan of EvanTube is a kid and he has made millions by creating reviews of products that other kids his age would use. It’s not easy to get views into the millions, but once you do, you’ll start seeing some cash come in. Many bloggers have completely turned to videos to get their point across by starting a video blog.
With so many possibilities to make money online these days and T-shirt business on Amazon (Merch by Amazon) is one of the best possibilities. With the Merch by Amazon print on demand service, you sell only the t-shirts your customers want to buy. You never have to worry about inventory or out-of-pocket costs. To get started, simply set-up your Merch by Amazon account, upload the artwork for your t-shirt, and push submit - Amazon takes care of the rest.
The audiobook industry is booming, yet only 5% of books ever get made into audio format. If you’ve got a background in acting, or if people have said you’ve got a voice made for the radio, you can make extra money recording audio versions of independent and popular books. Sites like ACX connect authors with audiobook performers. So, whether you’re an author looking for more ways to sell your book, or an actor/voice actor looking to make some extra income, you can sell your services online.
Can you refer me to some quality names of people who have an online presence who are well known at producing results in the make money online field? I don't know who these people are so I would have a difficult time finding these influencers in a particular niche to follow. Anything that would get me started would be appreciated in regards to influencers I can follow. Thanks
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.
It’s fantastic when you can codify your expertise as a coach and create passive income that fuels your business and life, all at once. Who doesn’t love waking up to sales, or helping people while you sleep? (True story: It is indeed awesome). Writing a book or creating a low-cost do-it-yourself program can scratch that itch, which is why I’ve created 3 DIY programs in my coaching arsenal. So let’s take a closer look…
#3. Coaches who have their own audience and who are strong writers often build training plans. I don’t love the term “info product,” but that’s essentially what these are. If you can convert your advice into actionable steps (like a Couch to 5K training plan), then you can put a price on that and sell it. We look for plans that are already selling well and then try to boost them through a cross-promotion.
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.
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.
This is all you need to get started. In my early years i didnt know how to do much online except Yahoo Search Marketing (extinct now, but used to be Overture and "GoTo". I joined WarriorForum out of the reluctance of people telling Einstein here (myself) how to run my own business. Now my pride is diminished, and i learn things all the time here every week. Even from newbies.
Affiliate commissions – I wanted to attend conferences to help me learn and grow. Many of those conferences offered an affiliate fee. One of the first I attended was Mark Victor Hansen’s MegaBook University. The price was $995 and I got a 30% affiliate fee. I promoted it to my little group of friends, told them I’d buy them dinner, and had 12 people join me there. I paid full price for myself, half price for my son and had flights and hotel expenses = $2500 and bought dinner for those 12 folks for another $300. So I invested $2800. But a week after I got home I got my affiliate check (33% of the 12 attendees = $3582) Deduct my total expenses and I got to attend the conference for free and netted a $782 profit. I’ve done that more times than I can possibly remember with conferences, courses and programs. We now conduct our Coaching with Excellence conferences and have affiliates who do the same as I did.