- You are interested in making money online
and who can blame you?
It is a fantastic way to make a living.
I love being an online marketing person
and making my living from the internet.
So today I thought I would share with you six ways
that I can think of that are really approachable ways
for you to make money online.
Perhaps even make a living all online.
Now three of these are active
where you go out and you get clients and you actually work
for individuals and get paid for your services
and three ideas are more passive income
which is much more along the lines of the way
that we make money here at Dottotech
and I'll share all six ideas with you today on Dottotech.
(light electric guitar music)
Steve Dotto here, how the heck you doing this fine day
and I'm looking forward to today's topic
because I love talking about making money online.
It gives people a real sense of control over their lives.
If they can do it, create a side hustle
where they make some money online
or if they indeed make their entire living online,
it again, creates a sense of liberation
and control over your life and it's really exciting not
to be bound by a artificial ceiling of exactly
how much money you can or can't make.
If you're building your own business online,
well, the world's your oyster.
You can determine through your skills
and through your effort,
exactly how much money you end up earning online
and I love those, I love those stories,
I love that opportunity.
So let's start by breaking it down into the two sections
that we're going to talk about today.
I'm gonna talk about active income opportunities
which is a lot more finding clients
and providing online services for individuals and for that,
I'm gonna refer you to the time code
which is above me somewhere here now.
So if you're not interested in passive income,
but you want to learn about the active income opportunities,
then click on, or move the video forward to that time code
and I'll talk about those opportunities
because we're gonna start by talking about passive income
which I get really excited about, it's how I make my living.
Passive income is where you've created something
that generates revenue for you
even when you're not actively engaged and involved.
Selling product through an online store,
affiliate marketing, those sorts
of things are passive income opportunities
that allow you to earn revenue and there are three ways
that I think are the easiest
as far as passive income, or not the easiest.
There are three basic ways that I'm quite experienced with
in creating passive income that I'm gonna share with you.
The first is affiliate marketing,
the second is being a content creator
and the third is online course and actually,
if you're interested in diving deeper
into these passive income opportunities,
I have an online course called Independent Income
which teaches you about affiliate marketing,
content creation and online course creation
as far as creating digital products
as a revenue opportunity.
It's a great introduction to all of these opportunities,
but for an even later introduction,
let me start by telling you about Amazon affiliates
which is I think the easiest way to get started
in the entire affiliate world.
Now typically speaking, Amazon affiliates
is not gonna be your main income.
It's gonna be what we would call a side hustle
where you can make money on the side by creating content
that helps people make decisions and really,
the basis of almost all affiliate income
is helping people make the right decisions.
If you gain a trusted voice where you advise people
on how to do something and you gain some expertise
and a reputation in an area,
then you can leverage that expertise
into revenue opportunities
by helping people make good decisions.
So from the point of Amazon affiliates,
if you do reviews of products and help people make decisions
on what products they wanna purchase from Amazon
and they use your affiliate link to purchase that product,
you're paid a commission.
Now one of the bonuses of the Amazon program is regardless
of what people buy at Amazon within a predefined period,
I think it's 24 hours of clicking on your link,
you get compensated for anything else they buy on Amazon
during that time period.
So it can be quite,
there can be a nice little bonus revenue coming in
from Amazon with one big caveat here.
The percentages of revenue that
from our affiliate relationship with Amazon are microscopic.
It's not a lot of money.
It's very difficult to earn enough money
off Amazon affiliates in order to make a living,
but it is a nice side hustle
and it introduces you very effectively
to the entire concept of affiliate marketing.
So that's where I like to start is with Amazon affiliates.
Now there are way better affiliate opportunities
in vertical markets.
If you develop an expertise teaching people
about different software tools or productivity tools
as we do or almost any online tools,
there are typically speaking, affiliate programs related
to those tools which are far more lucrative
and if you follow us here on Dottotech,
you'll recognize our affiliate relationships
with companies like Thinkific that creates online courses
and Bonjoro which does video marketing and conversions.
We've got affiliate relationships with a variety of products
where we teach our marketplace how to use these products
and what they will do for them and if they choose
to buy them, then using our affiliate link,
we are compensated in return
and that can be quite lucrative,
but as far as I'm concerned, the most effective
and the most profitable method of online passive income
is developing a digital product of your own.
Developing your own online course.
If you have expertise in an area, you can teach people
how to do that thing and you create a good,
valuable online course, that can generate the most revenue
because you can apply a real strategy to it.
One of the nice things
about developing your own online course as opposed
to being an affiliate marketer
for other people's digital products is your success
is dependent on the quality of your content,
not on the quality of somebody else's service or product
and that is again, a very liberating a place to be.
So developing your own online course,
although it's a much longer sale cycle,
it takes a lot longer to get your feet under you
as far as revenue goes,
that to me is kind of the holy grail of passive income.
Now the cool thing is you can start this all
as a side hustle.
You could say over a course of 18 months or two years,
start with doing a little bit of Amazon affiliate marketing,
getting your feet under you as far as creating content,
do some more vertical affiliate relationships
as you go along, as you build your community,
as you build your voice
and the whole time you're doing that,
start to develop your own online course
which ultimately after you've built expertise
and a reputation online, you can then sell to your community
and at that point there, there's a very good chance
that you could transition from it being a side hustle,
a part-time gig into your full-time revenue gig
and that is a well-worn path.
A lot of people have followed that success
into the world of online marketing.
So let me repeat one more time
just in case you're really interested in I've intrigued you
and you want to dive much more deeply into this,
there'll be a link below
to our course on Independent Income.
On how you can build your own income stream
through passive opportunities
such as affiliate marketing and online courses.
So the link will be below, have a look at that.
Now, let's talk about the other side of the coin
which is more active.
That is becoming a virtual assistant or using your skills
and charging for your time and services
and there's a little bit more of a ceiling on revenue
that you can earn on these doing this,
but even having said that,
if you have some real good expertise
in a very valuable area,
you can generate a very healthy income as well.
So for the most part when we think
about doing virtual services,
we think about becoming a virtual assistant.
So yeah being a VA, helping somebody,
working with them doing organization and social marketing
and a variety of different aspects there.
Now, the best place to start.
Well, actually I don't know what the best place to start is.
I know there's a lot of places you can start.
One thing I will caution you on is there are a variety
of different agencies out there now
that are representing virtual assistants
and some of them do a very good job
of creating a relationship between potential clients
and the virtual assistants
and they set really good expectations
on either side of that equation,
but they're also going to be taking a commission for it
and your reputation is going to be tied to the agency
that you work with.
There's also a few online services that are far more,
that are just kind of posting boards such as Upwork
or Indeed where you can go to you look for opportunities
for performing virtual services.
I think for most people though, the best place
to start is just looking in their own social network
of people that they have experience with and reaching out
to them and asking if they know of anybody
that's looking for people to help them
in your area of expertise.
Now, that one of the cool opportunities here though
is you can develop additional skills
that make you much more valuable
to whoever it is you happen to be working for.
You can start out
by doing very simple social media posts et cetera
or doing or managing some accounting services
or proofreading documents for somebody,
something along that line,
but then if you develop an expertise in Facebook
or Google Ads or email marketing,
you can then leverage that experience in order
to increase your revenue opportunities
with the individual clients that you're working with.
So virtual assistants is a great way
to kind of step into the game.
Similarly, but on an even easier level you,
if you have good English skills or good writing skills,
you can quickly become a proofreader
or a simple copywriter or a transcriptionist.
A company like we work with called Rev.com,
that's online transcriptions where they,
where you listen to or watch videos
and do verbatim transcriptions.
Those are opportunities that have definite ceilings
for revenue because they're only gonna pay you
X number of dollars per word or per minute of content
that you create, but if you've got an hour or two
in the evening and you want to make a little mad money
and you want a little bit of a side hustle,
these are great reliable opportunities
that can consistently generate income for you
that you might enjoy and the bonus of doing something
like Rev.com is you might be interested in the topics
that you're doing transcriptions for.
So looking around online for these opportunities
depending on your skill set.
If you have a really good mastery of the English language,
being a proofreader, there's lots of online services
that you can sign up on that aspect
and we will have some links
in the description below for that.
Or if you're just a good typist, then something like Rev.com
which will allow you to do the transcriptions
would be a great opportunity.
The final thing I wanna talk to about is
if you have some serious writing chops.
If you're a good writer, oh my gosh the world is your oyster
as far as finding online work.
It's the biggest challenge for most content creators
is finding good copywriters.
Finding people to write good quality blog posts
or good content or especially good advertising copy.
Oh my goodness it is such a challenge finding something
that can write in your voice
and understands the topics that you're dealing with.
Now, you're probably tempted to go to a site like Upwork
where you can upload a resume
and hopefully that will marry people who are looking
for writers to the writers,
but speaking from personal experience,
a site like Upwork is a difficult place
to hire a writer because there's just so much work
that goes into finding the right person.
It's like a relationship, it's like dating.
It's far more difficult in practicality
than it seems to be on the surface.
So there are some good brokerage services that marry people
who need good writing to excellent writers.
The one that I'm really kind of intrigued by
is one called Writers Access.
Now one of the reasons that I like this site so much
is they charge me if I want to hire writers
and membership fee just to gain access to the writers
that they have behind their pay wall.
Now, that might offend some people and say
why in the world am I gonna pay you
before I even get a writer working on my project?
Because writers access has put together
a terrific interview format that allows you
to create realistic expectations of the work
that you need done and then marry you to writers
who can deliver on that.
It's all about expectations being met with Writers Access
and anybody who's ever hired a writer knows
that the biggest challenge is meeting the expectations
that you put in place, is having realistic expectations
and having them met.
If you do have your expectations met,
your money spent on hiring an outside writer is well spent.
Writers Access make sure that you find the right writers
that can write in your voice with the technical skills
that you need in order to deliver to your expectations.
I like that, it's a great opportunity for content creators,
but especially, it's a great opportunity for good writers
to find the clients that they need
in order to make a good living.
So there you've got six different ideas
around making money online
and there are some million more, there's no doubt.
I would love to see your comments of ideas that you have,
things that you would think can make money online
or that you're passionate about making money online.
I think a lot of us look for that side hustle,
look for a little bit of extra money on the side
and a lot to allow us to A,
have some additional flexibility, a little more security
and find a little more value in our time, in our downtime,
but those of us that want to transition
from that being a side hustle to a full-time gig,
it's a very exciting time to be in the online space.
The opportunities are virtually endless
for making money online
and we've just shared six simple ones with you
to get your mind started in the right direction.
I hope you found today's video to be useful.
Please, comments below.
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and a little thumbs up would be appreciated as well.
Till next time, I'm Steve Dotto.
Have fun storming the castle.