Now, that doesn't mean you have to completely avoid side hustle businesses where you're providing a high-value service. If you're in a monthly struggle where you're reliant on that paycheck just to survive, extricating yourself from that situation first and foremost would be the most important goal to achieve. In my conversation with Benny, my goal was to really understand the mindset and the principles at play that would allow a person to fully automate their income.
Literally, to make money while you sleep. My biggest concern and question was, could anyone do this or was this only something that only "gurus" could achieve. Her first webinar called Social Monkey Business was literally filmed from coffee shops and while staying at a friend's house. So how does a person go from one extreme to the other? How do you get rich or make money fast without spending years entrenched in online marketing? That's not to say that anyone can do this.
Not just anyone can earn seven figures online. There's a mindset at play here. For most, even a few extra hundred dollars per month would make a significant difference.
Related: How to Become a Millionaire by Age Speaking about passive or automated income without first addressing mindset or principles won't do the subject justice. The truth is that most people have a mental block.
They think that certain things aren't possible or attainable when in fact they are once you shift your mindset. Oliver Talamayan focuses very much on mindset shifts and principles. Like Benny, Talamayan is focused on the underlying nature of your thoughts and how they propel you in one direction or another.
Harbor positive thoughts and you'll reap positive results. But, allow those negative thoughts to fester and you'll quickly find yourself in a steep and steady decline. How do you ultimately make the shift from a negative mindset to a positive one? How do you go from scarcity thinking to a purely abundant mindset? Talamayan teaches that most of us are programmed to believe that success is arduous, painful and takes years. We're taught that growing up by parents, schools and society so it becomes part of our belief system, when in fact that's not the case.
Oftentimes, when you can shift your mindset, success is much closer than you think.
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Too often, we don't spend time on those. We don't focus on the things that are going to make us money right now. We do busy work and waste precious time that we can't afford to waste. Related: 25 Common Characteristics of Successful Entrepreneurs. While there are likely hundreds of ways you can make money while you sleep, there are eight core strategies that will get you where you want to be.
Webinars are a great way to make money while you sleep. Not live ones of course. But, automated webinars. Automated webinars run day and night. To create one, you need something to offer. Webinars are great for high-ticket digital product sales. They also work well for selling things like coaching and consulting services. But, to fully automate your income, it's best to sell a digital product. How much can you sell items for on a webinar? Jason Fladlien says that this depends on how "warmed up" the audience is.
Find a niche market and write a great ebook. The sweetspot here is 60 to 80 pages long of gold-nugget-filled content. While you could easily sell this on a platform like Amazon's Kindle , you'll fare better by selling it through your own channels like on a blog or as an offer after a lead magnet.
Ultimately, you'll make more money that way.
However, if you're not a seasoned online marketer, going the Kindle route is a far simpler approach to selling your ebook. The threshold is low and you won't have to do all the marketing of the book on your own. Amazon will simply pay you out monthly for the sales. Ecommerce is exploding. It's not just Amazon that's taking the entire pie here. People are snatching up product offers all over the place.
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The best part? Most of this is being done as a drop-shipping arrangement. That means that as the store owner you never actually have to touch the products. It's warehoused, labeled and shipped in your name. You incur none of the overhead. You simply push the order through when it arrives, pay the fee and it's shipped. Drop-shipping, when automated the right way, gives you the freedoms that you wouldn't normally experience while running a physical product store or having a brick-and-mortar location. Or, find another drop-shipping company willing to handle the work.
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Online courses are a great way to earn income, day or night, and require little to no maintenance once they're launched aside from updating content that might get stale or become no longer relevant. Offering them a discount for multiple articles will help you accomplish this. After you have a few clients on monthly retainers, you can really start earning money from freelance writing. Plus you can use those posts to pitch other websites and get more gigs. Despite the fact that there is more opportunity online than in print, print publications still tend to pay more.
Try contacting your local newspapers and magazine editors to see if you can get paid writing jobs there. We were featured in our local newspaper The Vancouver Sun on a couple of occasions and not only was the pay good, but it was really cool to see our names in print! The best ebooks help people to solve a problem. Try to help people to get from point A to point B and write step-by-step so that they can follow your recommendations towards a desired result. Creating ebooks is a great way to provide your readers with a resource, while earning some extra money.
Here you can sign-up for a free account and use the free online software to choose an ebook template to start designing your book. Use sites like Pixabay to find high-quality, royalty free images for free and begin putting together your masterpiece one page at a time. Tell potential customers a few pain points, then explain to them how your book will help them to solve their problem s. Once your book is live, you can promote it on social media, on your blog and using Facebook ads.
Some of the top independent ebook sellers in the world have earned millions of dollars from their Amazon bookstores, not bad for online work.
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You might not make millions, but if you can create 10 great ebook resources and market them properly, you could earn enough to pay for travel. People always ask us how we managed to save money for travel and how we earn money to stay on the road. When we tell them that we earn more from travel blogging than we ever did on the oil fields or in law firms in Canada , they are often blown away.
These online jobs are some of the best ones to get your foot in the door of location independence. I hope you found this article useful.
- How to Make Money Online as a Freelancer.
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If you or someone you know is hoping to quit the , escape the office and work from a laptop while travelling the world, please share this post! Disclaimer: Some links in this article are affiliate links, which means that if you purchase through them, we receive a small commission. This will never cost you extra and in many cases you receive a special discount. We appreciate your support! Nick is the co-founder, editor and author of Goats On The Road.
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He contributes to numerous other media sites regularly and shares his knowledge of travel, online entrepreneurship and blogging with the world whenever he can. The ebook and course cover everything from designing your blog to growing an audience and earning big money from advertisers.
This is a fantastic post, Nick! There has never been a better opportunity for earning a living online than there is now. With the world at our desktop or laptop! In one month I get to say goodbye to my tedious J. Your post is incredibly timely. I hope it helps motivate others to get out there and DO IT. Thanks for your excellent post! Where in the world will you be working from? Thanks so much for reading and commenting. All the best to you. Assisting Ecommerce merchants with their online stores.
Nice sharing and totally informative for those who want to earn online. I have heard a lot about watching ads and complete survey, and I want to know that do they really pay? I read that lots of fraud sites are there which offer such service and takes money to signup and then they are not paying to users. Can you please share trustable sites if you have some?
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