In today’s day and age, there are more than a few ways to make a steady income stream online. You can start a blog; you can write and sell articles to various platforms; you can become a digital nomad and travel the world; and, if you’ve got a large enough following on social media, you can even earn revenue from your followers’ actions (i.e. ‘social marketing’).
But, if you want to truly become a full-time maker of online income, what you need is a strategy that can help you gain the courage to confidently dive in and charge ahead.
Thankfully, I’ve got you covered. Here’s the formula that will help you make the most of your talents and turn your side-hustles into a full-time income-producing venture:
Earn What You Need To Live On (Affordability)
One of the main obstacles to becoming a full-time blogger, for example, is the ongoing financial struggle that is often cited as the primary reason for blogging in the first place:
- Most bloggers begin their journey online with the aim of eventually monetizing their content;
- Having a family requires you to have a stable source of income; and
- The increasing workload that is associated with being a digital nomad can prove difficult to manage financially.
If you are serious about making money online as a full-time venture, then it’s worth considering whether or not you can actually afford to do so. Now, to be clear, I’m not advising you to completely quit your job and rely solely on income from digital pursuits. What I am encouraging you to do, however, is to find a way to make a full-time income that you can afford. And to do that, you need to look no further than the sources that you already have access to.
Monetization
The first and most obvious option is to simply try and make money from your blog. If you’ve been putting off monetizing your blog because you think it’s not worthwhile, then you’re likely to be pleasantly surprised by the results that you see when you start converting your content into ads and affiliate sales.
There are a variety of ways that you can make money from a blog aside from showing ads. You can use a free blogging platform like WordPress to set up a blog and then monetize the content that you post. Or, if you prefer, you can use a premium blogging platform like Ghost to do the same. Additionally, you can get paid to take part in online surveys, participate in paid blogging tours, and more.
The Downsides
While there are plenty of ways to make money online, it’s important to remember that it’s also a crowded space with a lot of competition. Just because your method of monetizing content proves successful, it doesn’t mean that you’ll be able to replicate the same results if you choose to go down a different path.
Additionally, if you’ve been daunted by the idea of monetizing content, then the idea of building a profitable blog can seem like a daunting task. The truth is, it takes time to make money from a blog. You’ll have to put in the work to build up your audience and then figure out how to monetize your content. If you’re looking for a quick way to make money, then content mills like HubSpot offer a lucrative ‘one-stop shop’ for bloggers who want to take advantage of their content.
Scared To Monetise?
If you’re still worried about whether or not you can afford to make a full-time income from blogging, then perhaps the best option available to you is to consider finding part-time work. If you’re able to, then this is the route that I’d recommend.
The biggest obstacle that I see to those who want to make the leap to a full-time blogging career is fear. Many people are scared that if they don’t make money straight away then what’s the point of continuing? Well, the point of continuing is to consistently grow your audience and then to monetize your content when you’re ready.
If you’re looking to make money online as a full-time venture, then the first step is to overcome your fear. What’s the worst that could happen? You could fail? Well, at least you tried. Did you ever think that maybe, just maybe, you could actually pull off making a success of your blog? That you could actually make a living off your passion for writing?