Starting a podcast, like making a YouTube channel or blog, comes down to telling interesting stories and building an engaged audience. I’m probably sounding like a broken record by now, but you need a niche that you’re interested in and there’s already a demand for. Come up with a list of topics you’d like to talk about and then search iTunes charts, Google Trends and other podcast research sites like cast.market to see what’s currently out there and popular.
No matter what method you choose to make money online, understand that you might be able to make some money fast, but for the sizable returns, you'll need significant sweat equity. However, a year from now, you'll be happy you started today. Remember, time is far more valuable than money. Focus on creating passive income streams that will free up your time so that you can quit the rat race and focus on the things that matter.
Hi Tom! This is exactly what I have been looking for. I jumped into affiliate marketing about a year ago and have been dragging my feet because I have not been convinced it was as great as all the posts I’ve been reading. You are clear, easy to understand, inspiring and no BS. THANK YOU! I’m ready to move forward now, and I’ll definitely be watching for more great information from you! BTW – I love that you pay it forward!
I will give you a very simple example. Let’s say you build up an audience of 50,000 readers and out of that 50k you have about 1% that trust you (1% of people that trust you online is actually very huge), so that equates to 500 readers. Out of that 500 readers you will have about 10% that will buy your eBook and other affiliate products, so 50 people total. So, if you are selling your eBook for $10, you will make $500. Of course it doesn’t stop there, those people that buy the eBook and like it will most likely recommend it, and you will have a snowball effect where more people keep buying your book and other affiliate products. This is just a rough example that shows you some realistic numbers. Do not ever think that if you build up a huge number of readers that they will all trust you and buy the products that you promote; if it was that easy everyone would be a millionaire by now.
28. Subscription – If you think of something valuable (newsletter, online magazine, etc.) that you can consistently offer on a certain basis (weekly, monthly, etc.), you may want to offer a subscription service. This could be a fee charged each time your product is sent out or on a monthly basis. Either way, this has to be something that your customers can only get by subscribing to your website.
Sign up for a reputable affiliate network: Aside from Amazon, there are dozens of large reputable affiliate networks, such as Share-A-Sale, Clickbank, and Skimlinks, that specialize in connecting you with merchants who are looking for affiliates to sell their products. They charge relatively low commission fees for the privilege of connecting you with merchants, and the merchants on these sites tend to offer much higher commission percentages or set dollar amount payouts.
Now, it’s time to plan out your show. If you’re doing an interview-style show, you’ll now want to start getting some guests involved. You can use your existing social network to reach out to people you already know or are connected with on Twitter or Facebook. You can also head to Medium or Amazon to find authors or experts on topics specific to your niche.
If you’ve got experience and expertise in a specific area of business, there are hundreds if not thousands of business owners who would love to jump on a phone call and pick your brain. This can be an easy way to make extra money online and to hone your skills to use in your consulting or freelance business. Sites like Clarity.fm let you create a profile where entrepreneurs and business owners can pre-pay to book a phone call with you for a set amount of time. Whether you’re an expert in raising money for startups, building apps, or running a restaurant, you can make extra money selling a few minutes of your time to people in need.
Thank you so much for you article. I’ve read your article and am working on reading some of the mentioned articles within yours. I am not currently a stay at home mom, I work Mon-Fri 8-5 for our counties MHMRA. My job is crazy stressful and I have been wanting something different for a while. I have 2 boys 8 and 14 and both are active in Scouts and Swimming so having the flexibility to get them to all of their activates was already complicated. But in March of this year I also took on the role of caregiver for my elderly mother who has had some serious health issues and now lives with my family. So not only am I still struggling to keep up with my kids schedules and work full time I now have to get my mom back and forth to her many doctor appointments with some of her doctors being more than 30 miles from where we live.
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.
The only costs associated with a good website are your domain (about $10/year through NameCheap), hosting (SiteGround, even A2 if you want really cheap…about $5/month or less), and a WordPress theme (there are some good free ones but most of the big guys use StudioPress which is a $100 one-time cost). WordPress.org is free and can be installed in your hosting account.
Transcription is one of my part time jobs. I can do it conveniently from home and many of the clients are trainers or speakers. Having money and needing transcription services doesn’t imply you have a secretary. At my full time job the closest we have to a secretary is the CEO’s assistant. She books flights, plans travel, schedules meetings, transports his children, and helps with home renovations. She doesn’t have the time to sit and transcribe work when the CEO can send it to a company or freelance agent for a few dollars.