How to Quit Your Job and Make Money Online –
6 Income Streams Revealed!
Here are the list of income streams you can do to earn without working for someone else:
• AFFILIATE MARKETING BUSINESS
When starting Affiliate Marketing Business, that is when going all in with that hustle started. The cool thing about Affiliate Marketing is you can find a product and you can promote it as an affiliate. You do not have to worry about customer service, you do not need to create a product.
All you have to do is get customers to that product so it is great way to build a business while you are still working a nine-to-five job.
Now, Affiliate Marketing typically gets a bad rap and people think it is like a MLM. They think it is a pyramid scheme but, Affiliate Marketing will be around for years and years forever because with
Affiliate Marketing, you are helping businesses get customers to their products whether it is a local business, an online business or a coaching business courses.
Whatever it is, Affiliate Marketers are needed and people will always need affiliates to promote their products. Now, the cool thing is anyone can start affiliate marketing as an income stream, but if you want to be successful, there is a few thing that you need.
You have to find a product that you 100% believe in because there is a lot of affiliates out there that they just promote products just to make money and that is not a great way to build a long-term business.
You should find a product that you 100% believe in and you know that product in and out and that is something that you would promote to your grandma, to your mom and to your parents because this is a product that you know is going to help people and that is going to make a huge difference when you do this not for the money but how you can help the people. The money will come and that is how you will be able to build a six-figure business with Affiliate Marketing.
• BUILDING OUT MY 1-ON-1 COACHING PROGRAM
If you ever get into one-on-one coaching, there is a few things to avoid and kind of how set that up the right way. With one-on-one coaching, the first thing is to charge a high ticket price because you are literally trading your time for money and you surely do not want to sell your time for a low price.
A lot of people might charge very very little but you are pouring your heart into these people when it comes to one-on-one coaching. You are getting people that are actually serious. You do not want people that are tire kickers, someone that wants freebies stuff. You want to be able help people but they have to invest in themselves.
With one-on-one coaching, you have to be careful when you are getting customers. You do not want to just get anybody on because if you get a bad one-on-one coaching client, it will ruin everything.
They are going to be blowing up your phone, they are going to be complaining all the time, they are going to have a victim mindset, and they are going to be blaming you for everything. You do not want that, you want someone that is going to do the work and that is going to actually hopefully get results for that is the main goal with one-on-one coaching.
• BUILDING OUT AN ONLINE COURSE
As you started getting really busy with your one-on-one coaching, you will be started getting way too many applications, way too many people wanting to do the coaching and some people could not afford it. The next thing you can build is your courses.
The cool thing with courses is once they are built out, you can literally have that on autopilot, you can sell with the webinar, a challenge funnel, and you can build a team to close among the calls. It is a great way to get away from the business if you were spending so much time with your one-on-one coaching and if you were only able to help a few people.
With the course, you can literally help infinite amount of people as long as they can afford the program. One thing about courses is, you do not want to build a course and spend a ton of time and effort into building out this course and not being able to sell it.
That is literally the worst that could happen so there is a few things that you should remember. First, see if people are even interested in this program. Another thing you could do is create a beta program or get people in before you actually launch the course. It is a great way to get you people send testimonials, to go through the program, and to give you feedback. Make sure you have everything they need to put this on the market.
• GROUP COACHING
Group coaching is kind of income stream hybrid having a course and having one-on-one coaching program. Group coaching is a great way to scale your business and that is a great way to scale seven figures. It works the same way as one-on-one coaching program but now, you have a group of people where you are coaching.
The awesome thing about group coaching is you can set it up as a mastermind type training where you could help one person but the rest are watching as you help that person.
As more and more asking questions, it actually become very valuable to the rest of the crowd. Another thing you could do with your group coaching is you can give them access to a course. Some sort of course that they kind of walk through and you have your group coaching to fill in the gaps. The accountability part of the process and that is why people want coaching.
• YOUTUBE AD REVENUE
This is literally passive type of income stream because you get paid to make Youtube videos. The way it works is you have to have 4,000 watch hours and 1,000 subscribers to become monetized on Youtube. It takes a little bit to get that point but once you get to that point, you can literally make two to three thousand dollars possibly a month just by simply creating videos
Youtube ad revenue is just a cherry on top, it is a great way to make money and a lot of youtubers focus on just add revenue and that is not the best way to make money unless you are Mr. Beast or Pewdiepie. These guys get millions and millions of views per hour and their ad revenue is insanely high. Most people never get to that point. You have to know how to properly monetize that is why, Youtube ad revenue should not be your main goal.
• INVESTING
With investing, the money coming in from you businesses and you want to grow that money and put it to work that is why you could have multiple investments whether it is stocks or crypto. The second part of investing is investing into yourself. You should always be investing in yourself to learn more as you achieve your goals and that is very important as you continue to grow. All the extra money you are making, you could put that back into your business to grow and invest it.
Freedom and Impact Foundation is a 501c3 nonprofit organization with the EIN: 92-1338699
© Copyrighted Material - All Rights Reserved 2022