I know, I know, when you read a title like this your guard goes up, it seems scammy. Hear me out though, lets take a realistic look.
Over the last three years, I’ve come to see that it’s possible to make money online doing something that you’re passionate about. I started with an ebook that completely flopped at first, it sold five copies in the first six months.
Now, the income from the books was good and our family used the money to pay off a bunch of debt. That brought us back to square one, we needed to figure out a way to make consistent income.
The first few dollars
There are many angles I could take with talking about making money online and I’m sure if you continue to read this blog, we’ll take many angles. What I want to talk about is a smart strategy for the best way to make those first few dollars and build upon that.
If this isn’t for you, I understand
I think you’ve seen in the last couple of weeks, I’ve been shifting direction of this blog and website. After thinking things through, I realized I was far too general.
I’ve been thinking about who I really want to help. I really want to help those with families, who have a day job but dream of freedom.
Their dream is something online, something where they’re not tied down, they want to be location independent. They want to make their online dreams a reality without putting their family in a tight spot. If you don’t fall into this group, I still think this content will be relevant to you but if it’s not, no hard feelings.
The first lesson
If you want to make money online, the first thing you have to figure out is what’s your passion? Who are you talking to and what can you create that will actually bring value to who you’re talking to?
If I would have learned this lesson three years ago, man life would be good right now. The more specific you get, the better.
A great example of this is my friend Ngina, she wrote about marriage but has recently decided to get more specific and help people in the “early stages of marriage.” I’m watching her journey with excitement because I know great things are coming.
Since getting more specific, she can search for where newlyweds are online and see how she can add value.
She can get specific information on some of the issues newlyweds face and create products and services that help newlyweds get through those issues.
If she is creating those very specific things that solve specific problems, why wouldn’t newlyweds buy them?
There are over 200 million blogs and a lot of them are the same, getting clear about who you want to help is what will separate you from everyone else.
Are you clear about who you’re talking to?
Don’t miss on going training on how to create your freedom based, location independent online business (plus you’ll get a couple of cool gifts):
Focus on one area at a time
I have a lot of passions. I love to write, speak, coach, create products and host events, it can be very easy to try to do all of these things at the same time.
More than that, my mind says to spend a little bit of time each day, working on all of these areas and for two years I did.
I set a specific schedule for sending out speaking proposals, for creating products and for getting new coaching clients. I did see some success but not as much success as I’m seeing now.
I had a great conversation with a friend of mine, who is an amazing business coach. He evaluated my business and gave me some perspective-changing advice.
What we determined was my coaching was generating the most income, so if I wanted to double my business, focus on the coaching.
Once I doubled my coaching income, move onto the next most profitable area and so on. By using this approach we went from making roughly $2,900 a month with our business to now making $5,900 a month.
I don’t share numbers to brag, I only hope to help and motivate. Once the coaching income grew, I started to focus on speaking. I was able to raise my speaking fee from $1,000 an event to $4,000 an event plus my expenses paid.
The speaking was incredible this year. I spoke in Israel, Atlanta, Kentucky, Washington D.C., Milwaukee, Arkansas, Kenya, London and Paris. It really was a good year Now I’m moving onto the next area of focus.
Resist the temptation
I know you want to write, speak, create things and a bunch of other stuff. My advice and what has worked, is focusing on one area at a time, getting real specific (notice a theme).
My goal for you is to make money, so pick the area you feel most comfortable to handle and get to it. Once you make a few bucks, build upon that, set specific income goals that you strive to hit.
Once you hit your goals, move onto the next area. The cool thing is before you know it, you’ll have a real business that can give you that freedom you’re craving.
So….. Where are you going to start or pivot?
I hope this has been helpful, if you have any specific questions, please email me at firstname.lastname@example.org. I would also be willing to get on the phone and talk it through if you’ve got a few minutes.
What is one area you could focus on right now that would generate a couple of bucks?