It’s important to understand these methods to make the right choices when creating and selling custom products. Each has its own advantages and drawbacks, which you can read about in Make, Manufacture, Wholesale or Dropship: The Pros and Cons of Each Model.
Where consultants provide a plan of execution for clients, coaches help clients create a plan for themselves. When I started my financial coaching business, I thought I would mostly tell people what to do with their money and then they would do it. But I quickly realized that what my clients needed most was help overcoming limiting money beliefs and staying accountable to their own goals and plans. You can become a coach in any area from Instagram marketing to personal finances and business. Tools like Acuity and Zoom can help you book and meet with clients virtually. .
If you get popular, you can generate passive income from views and ads on YouTube. You can also create your own website around this niche (or, create a microniche), where you can sell books, offer a paid membership, or sell advertising space.
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When selling ad space, remember not to overstuff your website with ads as it will harm your website’s user experience. Instead, use a heatmap software tool to figure out the best ad placement for optimal conversions and support it with engaging content.
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Once again, it’s often best to go to a market where people are willing to spend. Professionals probably spend the most money on courses, so if there’s a way for you to take the things you know from work and package them in a course, you already have your biggest selling point: help your buyers get a raise or promoted. Help them be better at the skill creating their main source of income.
“Podcasting doesn’t have to be complicated,” says International Living. With a microphone, laptop and free recording software, you’ll be up and running. Plus, podcasts don’t need to run every day (once a week is best) and are better when they’re short. There are a number of ways to make money from a podcast. The most obvious is commercial sponsorship, but you can also use it as a platform to advertise your own products or services. NPR has a great guide to launching a podcast here.
Tech-savvy Internet users can try their hands in maintaining other sites. Those who know the ins and outs of WordPress, Joomla, Magento, vBulletin, or other content management systems can earn a lot by working as website administrators and moderators. Your responsibilities will include monitoring user activity, providing support, and making sure everything works as it should.
Blogging platforms such as HostGator provide a simple, affordable way to start your own digital business from home for less than the cost of a cup of coffee each month. (It’s the same we built DollarSprout into a seven-figure brand.)
If you have an Etsy shop and don’t want to leave just yet, you can always run both stores simultaneously. Once you set up your Shopify store, use a free Shopify app like Etsy Integration: Sync and Sell. You can easily sync inventories, manage orders, and make money online using both Shopify and Etsy.
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“Digital products and monetizing your expertise is a great way to make money online,” Brendan explains in a chat with Shopify. “It’s a fantastic stair-step model to build an audience that values knowledge and what they are working on.”
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Etsy is known for its variety of handmade and vintage items, but users have seen success selling everything from handmade knitwear and upcycled jewelry to budget printables and home organization binders. Whatever your talent is, there’s a chance that you can sell your crafts digitally and earn some extra income.