–->It’s a place for you to send clients you might not want to work with. If you are private coaching you may run across people who aren’t a good fit for your coaching services or personality, so having a referral partner on hand to send them to is a wonderful win. They get a great coach, you don’t work with someone who isn’t a fit, the other coach gets a new client and you get paid for your trouble. Everyone wins!
–>It takes awhile to produce tons of income off of these products. Unless you are an amazing marketer (in which case, BRAVO!), it’ll take a while for you to build up an interest list or buyers group to purchase these products. And if they are at a low cost, say $30-$50, you’ll need to sell plenty of them to pay your mortgage. So, it’ll be a bit before you recoup your investment of time, and this will probably not be your prime source of income in the beginning.
I will say that while coaching and consulting isn't passive by any means, it is one of the most rewarding and fulfilling things that I do. While creating passive income streams is fun and the best use of your time, sometimes you lose that human connection and relationship with people. I've found it to be very pleasurable and rewarding to work with someone on a personal level and help them achieve their goals. You don't get that same level of joy and fulfillment through a video blog or a course, as you're sometimes disconnected from people.
Rather than making money through subscriptions, YouTube channels are based on a traditional advertising system. Meaning the more viewers you get, the more you make. Once you’re approved for the YouTube Partner Program and can start including ads on your videos, with every 1,000 views, you will make approximately $2-$4. Which might not seem like a lot, but if you have 100 videos with 5,000 views a month each, that would be $1,000–$2,000 already. Just imagine if your videos start hitting millions of views!
18. CraigsList – Some things don’t ship very well. Other things may make you feel uncomfortable to sell to someone across the country. Anytime you’re selling a large item or something you just don’t want to ship, Craigslist is a great place to go. It’s simple to list your item (again, take good pictures!). If you don’t like the idea of putting your phone number out there, the interested individual can send you a message to your inbox without even getting your email address.
Video is growing like crazy. And more and more people are looking for professional help cutting their raw footage into viral-worthy content. If you have the right software and a bit of skill, you can easily make money online as a video editor. Check out these article of Fstoppers on how to become an online video editor and then look for relevant jobs on Mandy.com, Creative Cow Job Search, or ProductionHub.