#1: Freelance Writing
If you have writing skills and creative talent, it’s also possible to get paid to create online content. I don’t do this as much as I used to, but I am very aware of how viable this income stream is.
One blogger I know, Holly Johnson, actually makes over $200,000 per year creating content for other websites.
And actually, that’s on top of the six figures she earns with her blog, Club Thrifty.
Holly told me she started writing content in 2011. At the time, she still worked a full-time job but created content online part-time to supplement her income.
Over time, she was able to double and triple her rates until she could quit her full-time job to write. These days, she makes bank as a freelance writer and teaches others to do the same via her online course, Earn More Writing.
According to Johnson, the key to making it as a freelance writer is figuring out a niche, networking with people who might hire you, and delivering high quality content 100 percent of the time.
While there are a ton of writing job boards to help you get started, she says it’s fairly easy to find starter writing jobs on websites like Upwork.com.
I’ve done webinars to promote my financial planning practice and to drum up interest in my online course for financial advisors.
With a webinar, you’re basically offering a lot of tips and advice for free — usually in a live format. At the end though, you pitch your paid product or service with the goal of securing a few deals.
Professional speaker Grant Baldwin uses webinars to market his courses on public speaking, including Get Booked and Paid to Speak.
While Baldwin offers plenty of free tips during his webinar, he offers his course at the end for people who want to pay to learn more. And, a lot of times, his sales pitch works.
No matter what you’re selling, it’s not that hard to set up a webinar and attract people to sign up with a lead magnet or Facebook ads. Heck, you can probably find a free webinar on how to create your first webinar if you look hard enough.
Websites like Create Space will let you upload and take your book to print without getting a formal publisher involved, and you can even get your book on Amazon.com so people can buy it there.
A blogger I know named Joseph Hogue has a successful blog (My Work from Home Money) and a thriving book publishing business. Hogue has written several books he has published online to create an ongoing source of passive income.
He says he averages about 685 books sold per month to bring in an average of $1,857 in revenue. Not bad, huh?
If you think you could write a book people would want to buy, this is a smart strategy to consider since the start-up costs can be minimal and you probably already have a computer and word processing software anyway.
Here’s a good example of how lead sales can work in real life: My second website, Life Insurance by Jeff, brings in a ton of traffic from people who are searching the web to find answers to life insurance questions.
While I used to have the website set up so I could sell these people life insurance myself, it was a lot of work to process all the different requests and clients. As a result, I started selling the leads I gathered instead.
Basically, lead buyers are willing to pay for the personal information I gather from people who visit my website. This is a win-win for everyone since I get paid for the leads and my website visitors are connected with someone who can help them.
Keep in mind though, you can sell leads in many different industries —not just life insurance. Really, you just need to figure out a niche, build a website and traffic, and see how much you can get for the leads you collect.
If you have any skill you can teach
others, it’s also possible to set up an online course you can market
online.
You can find online courses that teach anything from cooking to marketing or even freelance writing.
Heck, I even offer my own course for financial advisors who want to take their businesses online— The Online Advisor Growth Formula.
Last year, Joseph Michael of Easy Course Creation. Michael offers several different courses, including courses on a writing software called “Scrivener.” Over the years, Michael has earned six figures or more annually selling courses that help people achieve the kind of success he has earned.
Most people set up their online course through a platform like Teachable.com. With Teachable, you can upload your course materials and use the platform to manage customers and accept payments.
I still remember getting my first sponsor on the podcast and finding out they were willing to pay $8,000 for me to include a short clip at the beginning of each podcast for 90 days.
That was insanely exciting to me at the time since I wasn’t sure I would be able to monetize my podcast that much at first.
However, there are tons of people making a lot more than me on their podcasts. Take the Entrepreneur On Fire Podcast hosted by John Lee Dumas. According to the show’s most recent income report, this podcast brought in a net income of over $400,000 in March 2018. Now, that’s crazy.
The key to getting ahead with podcasting is finding your niche, growing an audience, and then finding ways to monetize and connect with sponsors. This isn’t the easiest way to make money online since there are a lot of logistics that go into writing, recording, and editing a podcast, but it is still worth considering.
If you have writing skills and creative talent, it’s also possible to get paid to create online content. I don’t do this as much as I used to, but I am very aware of how viable this income stream is.
One blogger I know, Holly Johnson, actually makes over $200,000 per year creating content for other websites.
And actually, that’s on top of the six figures she earns with her blog, Club Thrifty.
Holly told me she started writing content in 2011. At the time, she still worked a full-time job but created content online part-time to supplement her income.
Over time, she was able to double and triple her rates until she could quit her full-time job to write. These days, she makes bank as a freelance writer and teaches others to do the same via her online course, Earn More Writing.
According to Johnson, the key to making it as a freelance writer is figuring out a niche, networking with people who might hire you, and delivering high quality content 100 percent of the time.
While there are a ton of writing job boards to help you get started, she says it’s fairly easy to find starter writing jobs on websites like Upwork.com.
#2: Webinars
Need more ideas on how to make money online? Another strategy is using webinars to market your product, service, or course.I’ve done webinars to promote my financial planning practice and to drum up interest in my online course for financial advisors.
With a webinar, you’re basically offering a lot of tips and advice for free — usually in a live format. At the end though, you pitch your paid product or service with the goal of securing a few deals.
Professional speaker Grant Baldwin uses webinars to market his courses on public speaking, including Get Booked and Paid to Speak.
While Baldwin offers plenty of free tips during his webinar, he offers his course at the end for people who want to pay to learn more. And, a lot of times, his sales pitch works.
No matter what you’re selling, it’s not that hard to set up a webinar and attract people to sign up with a lead magnet or Facebook ads. Heck, you can probably find a free webinar on how to create your first webinar if you look hard enough.
#3: Book Sales
While the publishing industry used to be heavy in print, you can complete the entire process of writing, publishing, and marketing a book online these days.Websites like Create Space will let you upload and take your book to print without getting a formal publisher involved, and you can even get your book on Amazon.com so people can buy it there.
A blogger I know named Joseph Hogue has a successful blog (My Work from Home Money) and a thriving book publishing business. Hogue has written several books he has published online to create an ongoing source of passive income.
He says he averages about 685 books sold per month to bring in an average of $1,857 in revenue. Not bad, huh?
If you think you could write a book people would want to buy, this is a smart strategy to consider since the start-up costs can be minimal and you probably already have a computer and word processing software anyway.
#4: Lead Sales
Another way to make money online is by collecting leads. The main steps you need to complete to make lead sales work include setting up a website, getting traffic to that website, and making sure you’re collecting leads that someone will actually pay for.Here’s a good example of how lead sales can work in real life: My second website, Life Insurance by Jeff, brings in a ton of traffic from people who are searching the web to find answers to life insurance questions.
While I used to have the website set up so I could sell these people life insurance myself, it was a lot of work to process all the different requests and clients. As a result, I started selling the leads I gathered instead.
Basically, lead buyers are willing to pay for the personal information I gather from people who visit my website. This is a win-win for everyone since I get paid for the leads and my website visitors are connected with someone who can help them.
Keep in mind though, you can sell leads in many different industries —not just life insurance. Really, you just need to figure out a niche, build a website and traffic, and see how much you can get for the leads you collect.
#5: Online Courses
You can find online courses that teach anything from cooking to marketing or even freelance writing.
Heck, I even offer my own course for financial advisors who want to take their businesses online— The Online Advisor Growth Formula.
Last year, Joseph Michael of Easy Course Creation. Michael offers several different courses, including courses on a writing software called “Scrivener.” Over the years, Michael has earned six figures or more annually selling courses that help people achieve the kind of success he has earned.
Most people set up their online course through a platform like Teachable.com. With Teachable, you can upload your course materials and use the platform to manage customers and accept payments.
#6: Podcasting
Another way to make money online is by hosting an online podcast. I have the Good Financial Cents podcast to go along with my blog, and I use that platform to find new sponsors and advertisers all the time.I still remember getting my first sponsor on the podcast and finding out they were willing to pay $8,000 for me to include a short clip at the beginning of each podcast for 90 days.
That was insanely exciting to me at the time since I wasn’t sure I would be able to monetize my podcast that much at first.
However, there are tons of people making a lot more than me on their podcasts. Take the Entrepreneur On Fire Podcast hosted by John Lee Dumas. According to the show’s most recent income report, this podcast brought in a net income of over $400,000 in March 2018. Now, that’s crazy.
The key to getting ahead with podcasting is finding your niche, growing an audience, and then finding ways to monetize and connect with sponsors. This isn’t the easiest way to make money online since there are a lot of logistics that go into writing, recording, and editing a podcast, but it is still worth considering.
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