Additionally, I would recommend building a freelancing website as a side business (making websites for others), especially at the beginning while you are just starting to develop your passive income portfolio. This is a good way to consistently make some fast cash too (just two gigs per month will make you an extra $1000). Some freelancing advice on how I used to do it can be found here: http://mikeomarphotography.com/freelancing-advice/
Note: This is a very simplistic method of doing competition analysis (there is much more that can be analyzed). So why are we doing it this way instead of in a more in-depth method? Mainly because we are doing a “blanket” approach, where we will put out lots of websites with lots of posts, and then let our traffic results guide the rest of the action plan (through what Google Adsense and Google Analytics tells us about our traffic).
This blogging-to-subscription process helps us to understand the importance of having a blog. The very definition of a blog makes this clear: A blog is a simple and easy-to-use platform that connects with and shares timely and relevant information with customers. Essentially, this explains how a blog can potentially become your direct communication channel with your audience through consistency and patience.
No doubt John is a good copywriter and salesman, the guy has managed to get so many people into his courses and that has to be down to what he writes and says. I was looking forward to hearing some of his wisdom but unfortunately John once again does not teach in this module. Instead we get a video of an onstage presentation from Ronnie Sandlin who is a student of John’s and apparently much better at copywriting. Ronnie provides some great tips on copywriting in short easy to digest videos and it looks like they were recorded at a paid seminar.
Blogging is something that requires patience, persistence and discipline. It may mean writing everyday for over a year before you really start to see any money from it. There are exceptions to the rule, but from my dealings with other bloggers, it seems to be pretty common to spend one or even two years building your blog, your brand and your authority, before making any serious amount of money.
Better yet, you can even upload your own book to one of the world’s largest book sellers: Amazon. With Amazon self-publishing, you set the price, retain the rights to your book, and get access to Amazon’s massive audience. For every sale, you keep 70% with Amazon taking the remainder as a fee. If you want to get started, check out Leslie Samuel's great guide to selling eBooks online or follow Tara Gentile on CreativeLive as she shows you how to use your existing body of work to write an eBook within the next week. Who knows, you might just write one of the best business books of this year!
You'll also need ecommerce software, fulfillment software, worry about warehousing, customer service and refunds. But that's not all. You'll also need traffic. Think search engine optimization, Facebook ads, and other social media campaigns. It is hard work, especially on your own. You could opt for Amazon's platform, which might be the easier route. But, then again, at the end of the day, this is a serious business, which could produce significant profits. So you're either all in or you're not.
While some might think that starting a blog is an arduous effort, when you understand the precise steps you need to take, it becomes far easier. It all starts in the decision of choosing a profitable niche and picking the right domain name. From there, you need to build your offers. You can easily sell things like mini-email courses, trainings and ebooks.
If you don’t know what to make your first website about, a fun first project could be building a website for your new side business: freelancing websites for others. After all, once you’re done with the first four lessons, you’ll be qualified to build fairly basic, but professional looking websites. Then you can start charging people $500 per website to make yourself some extra money! When I first learned how to make a website with WordPress, I used to post my services on Craigslist daily, and I would get at least two to three gigs per month. You can simply make your website YourName.com or YourNameWebsiteCreationServices.com. If you decide to go this route, here is some freelancing advice to help you get started. :)
Upwork: This website offers a great marketplace for selling just about any professional service. You don't need a merchant account, website of your own or anything else for that matter. All you need to do is be able to provide a high-quality service at a reasonable price. But be informed, you will have to compete with many others that are constantly bidding on open jobs.
Running and charging for webinars can be a great way to build a following in your niche, demonstrate that you are an expert in your field, and make a profit. Hosting a webinar can be hard work. They need to first be promoted, provide original and valuable information, and include interactive elements so your audience can ask questions and engage with your topic. However, once you have built up a large blog following, each webinar can be extremely profitable.
The point of today’s exercise is simply for you to get your feet wet and to get a website online that you can play and experiment with. Don’t worry too much about what this first website is going to be about; just get something online. After you complete this first project and feel comfortable with the process of putting together a professional looking website, then you can start developing your passive income website portfolio.
Creating and selling courses on your blog can be a successful way to make money online. The course itself should be relevant to your blog, and based on a topic that will benefit your audience. Although it may take time to create the course in the first instance, once completed, you can then repeatedly make money from the course each time you sell it.
Want a more reasonable example? How about ME! I began my very first affiliate marketing website, Drive-Safely.net, in January of 2011. By November of 2011, I quit my full time job as an OTR truck driver to focus on my online business full-time. Here we are in the middle of 2015 and I’m having my best year ever. Not only was I able to make money online fast, but it has been sustainable.
The most critical thing is that he makes unrealistic claims. He claims that beginners can earn their first commission within 2 hours after joining if they follow their training closely. He even claims that you can start earning anywhere between $100 to $1,000 in the first week. As experienced marketers, we know that these are impossible. There’s a pretty steep learning curve in the IM industry and it takes months of consistent efforts for beginners to start getting the grasp of it and start making money.
Once you have decided what type of product you are going to sell, you need to decide where to sell them. Selling merchandise on Amazon or eBay aren’t your only options. Creating your own eCommerce store is another way to promote your products and generate sales. Once you have decided what you are going to sell, whether it is white labeled products, your own designs, or other people’s merchandise, you can set up an eCommerce website to display these products.
There are quite literally hundreds of clever ways to make money online. From taking online surveys, to renting or selling your old clothes, flipping your iPhone to someone in a different country, and even buying low-cost products locally, just to resell them for a higher price on Amazon. There’s truly no shortage of unique ways to make money online.
Using a food delivery service can’t necessarily earn you money, but it can help you save you money if you constantly find yourself throwing out half the food you buy. Food delivery services send a box of food every week with new, sometimes unique vegetables, meat, fruit, and so on. If you don’t have time to shop and want simple meal-prep that leads to a good meal, a food subscription service may be perfect for you.
More and more companies and startups especially are embracing remote work—where you use online collaboration and communication tools to do your work from wherever you want. And you don’t have to be a 20-something hotshot designer or coder to reap the benefits of working remotely. Many remote positions are for customer support positions or other customer-facing positions that don’t require specialized skill sets.
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.