How to make money from thin air
There are people out there in the world right now that will pay a lot of money to know the things that you already know. It is possible to make £100,000/year being the professional and go-to person for making the perfect pancake. It is possible to take your knowledge about childcare and being seen as an expert on the subject.Package your knowledge and share it with the world, both for free and for a price. Build an online presence and monetise your knowledge.There are 4 kinds of products you need to have online that can help you create money from thin air:Free. Create free videos, blogs, podcasts, etc, that you can share online which will help to build your reputation and help people be introduced to you. Through repeated exposure they are more willing to trust you and buy from you.Cheap products, which are high volume but low value. These could be things like books, small information products, etc. These are the things that you sell to help establish a level of trust, generate sales and to then introduce people to your next, more expensive, products. It is perhaps best if this is delivered automatically to your customers, as you don't want to physically fulfil these orders.Expensive products. These are low in volume (sold once a week) but they are high value, as they have a big profit margin and helps your customers big time. These could be things like speaking engagements, consulting, etc. There is money to be made in information, but there is even more money to be made in implementation- where you can charge people to learn your secrets, but you can make even more money by doing it for them. You can make money telling people how to make the perfect pancake, but you can make even more money by doing it for them.Subscription. This is where they pay you a monthly subscription for something, perhaps it is access to your, the ability to ring you at any time or such. This provides a healthy balance sheet for your business and a predictable budget.You don't need money to make money, you just need to package your knowledge and share it with the world.Learn more about this topic in one of my books: https://authorcentral.amazon.com/gp/home
Published on June 26, 2017 01:43
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