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There are a lot of people who are confused when you say, let’s make money online. There are a lot of ways I’ve made money online over the years. I continue to make money online that way.
I’m going to name a few online moneymaking methods that you have probably heard about
- Affiliate Marketing
- Providing a service
- Selling something
- Creating an app
These are the majority of ways people make money online. I’m going to discuss some of the things I did to make money online. I’m going to peel back the curtain and show you just how hard it is.
The primary way I make money is on YouTube. I make a little coin on YouTube. It’s not a lot. It’s not even enough to live on. Making YouTube money is very, very challenging. You’re going to put out content and invest in equipment long before you get income back. You’re going to work a minimum of three to four months before you see a return, and the return is not going to be that big. More than likely, you are going to work a year or two before you really start to see some YouTube money.
Number 2 is blogging. I have HustlersKungFu.com right now and put some stories up. But I don’t blog the way I used to blog. Blogging is about creating content and creating enough traffic so somebody wants to put ads on your site.
Affiliate marketing is where you market someone else’s stuff. You market someone’s widget or whatever and you get a piece of the action. That’s affiliate marketing.
Self-publishing is when you put up a book on Amazon or iTunes and other sites. You have several ways you can make money self-publishing. I self-published my first book. That’s how I got started. It was a lot of hard work. It doesn’t give you immediate gratification.
Self-publishing is challenging. It’s really hard to make money. You can make money, but it’s hard.
Let’s talk about Facebook. It’s kind of like YouTube with some important differences. You can get on Facebook and you can make money. You develop a following and you put yourself out there. People can pay you for ads. People can place ads in your content. There’s a lot of ways you can make money with the Facebook business model.
Next you have Instagram. The “Gram” is very interesting. This is how you make money with Instagram. You can develop a following, sell ads or do promoted posts. You can also do that with YouTube and Facebook. A promoted post is when someone like me, a media buyer says look, “I’ll give you $50 for this post.” Again, you have to build a following which is going to take three months, four months, five months or longer. That’s how that works.
Next on our list is providing a service. That’s something else that I do, I provide consulting services. You can use the internet for lead generation. That’s what I do.
You can also sell something. There are so many platforms that you can sell something on. There’s eBay, Amazon, YouTube, Instagram, Facebook, and Gumroad. There are so many platforms you can sell on to make money online.
The next way to make money is to create an app. This is very challenging if you don’t know how to code. There is a lot of money in apps if you know what you’re doing.
Finally, you can make money online with podcasting. Those are the ten ways you can make money online. These are proven moneymakers. There are other ways, but these are the typical vehicles.
Let’s just review YouTube. YouTube is great, but it’s an exercise in delayed gratification. I’ve gone through three different renditions of YouTube. Right now, YouTube is loving me. I don’t know if you’ve noticed a lot of stuff has increased. I’m driving it a little differently than other YouTubers.
Many people want to make money without showing their face and getting their hands dirty. They just want to make money. It is getting harder and harder for you not to show your face if you want to build a brand.
Everybody is nosy. They want to see who you are and what you’re doing. They want to see how you are making money.
In affiliate marketing, you don’t have to show your face. There are so many ways to make money with affiliate marketing. Personally, I have no affiliate marketing right now. I’ve done affiliate marketing, but I like creating my own stuff.
Facebook is full of opportunities. Facebook just spent a billion dollars on content. But, here’s the thing. You had to be in the content ecosystem to get some of that billion. You had to already have a following before you could get part of that money.
The lesson from that is to get started doing something. Do not wait. Get started doing something. Because if you’re sitting there waiting for that magical majestic moment, it is never going to happen.
There is a lot of money in self-publishing. It’s not just Amazon or iTunes. It’s your own self-publishing. My online courses are an example of self-publishing. I am creating my own courses.
There is something someone needs on the internet. Someone needs it and wants it and they will pay you for it. I provide high-end consulting. That’s the service I sell on the internet.
I’ll tell you about that. I don’t really want to talk to anyone for $1000 an hour. I enjoy the long-term consulting packages. They sell for $40K, $50K or more. At a minimum, I’m going to keep that client for three months. That’s $150K a year. For those clients, I’m on the phone with them every day. I’m working weekends. That’s part of how this thing goes.
Selling something online is an obvious path. Once again, I sell my courses. I use YouTube. Out of the ten ways to make money, I do four. There is some overlap.
If you want to make money online, you need to speak the language of making money online. You have to start with something. You need to have something to bring to the table, to take online. You have to be dedicated to make anything work.
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