No matter what method you select for generating your online income, there's one very important thing to understand. Today, across this globe, with its 7+ billion inhabitants, there are two recurring things that people are looking for more of. Either people want more time or they want more money. The truth? Time is far more valuable than money. You can't recreate time. Once it's spent, it's gone forever. Not money.
You know those top-down cooking or craft videos you just can’t seem to get away from these days? There are people out there making a living from them. 78% of B2C companies depend on user-generated content, like those videos, for their marketing campaigns. You can sign up as a creator on a site like Darby Smart and potentially work with brands like Nordstrom, Mattel, and BarkBox. Or, use them to build your YouTube following and monetize through ads and views.
Don Crowther is the creator of the world’s best-selling course on building business using social media. This course, called SMARTS (short for Social MARketing Traffic Strategies) generated over $3 million in sales in just 10 days, and taught over 2000 people how to increase their traffic, sales and reputation using social media tools like Facebook, Twitter, YouTube, LinkedIn, HubPages, Squidoo and many more. Don is currently focused on developing his next social media marketing training system, which should be available in 2nd Quarter 2010.
Twitter has been really helpful. There is a guy who messages me on Twitter and I type back, “Snap, snap.” That signals him to send me $500. That generally happens every week. Guys send me money after they read a posting on my website. I don’t even have to do anything. But others are so needy. They send 10 emails a day, wanting to know how I am doing, telling me that they want to smell my feet and send me money. These are grown men! I feel like I am babysitting. I have others camming (at a cost of $10 per minute, before sending additional money) and talking to me in baby talk. I think they’re shit and treat them like shit. So it’s all very honest.
One thing I would mention is that one of my mentors told me recently that jumping from project to project is a terrible thing to do and will ensure that you aren’t able to dominate any one niche and make as much as you can. Focus is definitely needed if you are going to be successful online. Perfect one thing and then move on to the next – That’s what I would say.
Now, let’s get some ideas for your YouTube videos. Are you funny? Are you great with dogs? How about cats? Do you know how to look great? Are you a great teacher? Whatever your talent or lifestyle, there could be something about you that YouTubers would love to watch. Remember, people want to see videos that are weird,funny, sad or crazy! These are the videos that go viral!
I don’t think the reserves should be on the list as a side hustle because as a former active duty sailor and reservist I have been called back to full time active duty, so what you may think of as a side hustle may cause you to have to leave your family, your home and your job, and if you are in the lower ranks you may end up bankrupt because you have to leave a higher paying full time job when Uncle Sam comes calling. This should only be done if you really love the military or need to meet active duty contract obligations.
Build your audience on a course community: If you’re just getting started building an audience for yourself and want to leverage communities already actively looking for content you can choose to host and sell your online course on a site like Skillshare or Udemy. These are easy, cost-effective ways to build an audience and test your niche to see if there’s demand for it.
Re-selling web hosting will enable you to make money hosting your own client’s websites. Large hosting companies like HostGator allow you to white label their hosting services. You could start your own hosting business or, if you are a web designer, include hosting into your web design packages. And the best of it is the hosting companies take care of the hosting for you, so all you need to worry about is selling.
“That blog has a number of income streams. I initially monetized it with AdSense and Amazon affiliate promotions, but after a couple of years added other income streams including using other ad networks, selling ads directly to advertisers, affiliate promotions of other people’s photography eBooks, courses, and software and then creating my own eBooks to sell.
Robo-advisors are diversified investment accounts that are automatically managed by a computer algorithm (as opposed to a human money manager). If you want to invest, but don’t have the money, or don’t want to invest with a money manager, robo-advisors are for you! Robo-advisors make investing easier—and cheaper—so they’re perfect for new investors.
Internet Marketing is bubbling, and while there’s plenty of opportunities still, I’d recommend using the Internet Marketing skills to build a QUALITY business. Instead of just affiliate marketing for hiking food, arrange to have different hiking food products private labeled, dropped shipped to one manufacturer where they are packaged into a ‘days package’ and dropshipped to your customers under your own brand. The four hour work week is about being a ‘deal maker’ and doing the ‘uncomfortable things’ others won’t. People go hiking all the time, once the IM bubble has popped people will still be coming to your company’s website to order a ’10 day supply’ of hiking food for their next trip. Damn, now my brain is on overdrive, paleo hiking food anyone? Still looking out for that myself, getting tired of drying steak in my oven. Being a trend watcher and a deal maker is where the money is.
Then there are those who are just lucky. Back in college, I had a friend who convinced me to get into investing in the stock market. They had put $1,800 into a penny stock and from one day to the next, it increased in value (luckily) from $1,800 to $25,000. When I heard about that, I could not believe my ears. I decided to take $4,800 of my tuition money and invested into stock. I remember the value of my stock fluctuating between $4,200 and $5,400 a few times.
Cryptocurrency or digital currency is the next big thing in currency trading. It’s a digital asset that is used as a method to pay for things, that isn’t run by a government or institution. Bitcoin is the most well known digital currency and was trading at $200 per Bitcoin back in 2013. Now it is worth over $17k and is expected to be worth well over $1m in 2022.
So, making money on the internet isn't just a pipe dream. You can do it. But, there is a path forward. It's not the one of least resistance. But, it does offer a gateway to online wealth. Yes, it's achievable. But, it won't be easy. After over a decade of marketing on the internet, looking back, I can tell you that there are three particular things you need to be doing if you seriously want to make money on the internet.
Infographics are currently an extremely popular type of media. An infographic showing information or data in an interesting and fun way can help engage an audience and generate numerous likes and shares. As infographics take more time to create than just simply uploading an image, busy website owners are prepared to pay for custom infographics. And don’t worry, an infographic can be created using simple design software such a Canva. So extensive graphic design skills are not necessary, just a creative eye.
Etsy: While Etsy's popularity has declined recently, it's still a great resource for selling handmade items online. No need for complex ecommerce sites or merchant accounts or any sort of automation. The company takes a commission of every sale and charges a small listing fee per item. But many still use Etsy as their primary source of income. The best part is that you can also sell digital products on here such as poster designs.
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.