For years, I have been making big bucks online. I will admit that my first year was spent struggling to only walk away with $500, but after that, everything went smoothly.
The secret to my success was not in finding a magic formula that some guru was selling in a late night infomercial, or in a Clickbank package. As a matter of fact, my secret is actually no secret at all. The trick to making money online is to sell a service to consumers where there is a supply and demand.
The Fast-Track to Big Gains
From my blog, I have many ways of monetization. All of them make money. The best method is always the services section because that is where my consulting is offered. When I consult, I start at $200 to teach others how to make money blogging or other online methods.
$200 may seem like a lot to you if you are not making money online, but that is nothing compared to the $10,000 flat fee consultations I do for corporations that want to learn how to control and dominate their brand. Again, $10,000 is nothing compared to the $1,000 – $10,000 per month with 6-month to 1-year contracts that I may charge with my Leads2LocalSearch.com business.
Services will always dominate the online world as the top money-maker. That doesn’t mean you can’t make a killing with affiliate marketing, CPA, or Adsense. It just means that those things can take awhile to build any sort of income from, while selling services can be an instant money-making venture. I can literally setup a new website, start promoting it, and get my first client in a single day if I wanted to.
The Trick is in The Doing
Like any other monetization method out there, the trick to making it happen is to do it. Thinking about doing it will not earn you any money. Plan it out and jump on in head first. I have a consultation right now where I provided a service idea, and it is coming to life. The problem is that the blogger wants to take his time to develop a product behind it, which can take 3 months or more (his estimate).
If you have the ability to offer a service, or consult on something, then do it. Don’t think too much about it or you might talk yourself out of the idea.
The only thing you need to do to offer a service is have a website; fingers to write about it; and some time to promote it.
If You Only Knew Sooner
There was a time when I relied only on word-of-mouth referrals to get business. The problem was that I had a new company and only some referrals trickled in. This resulted in me losing my house, and nearly everything else. If I only knew about certain outlets that later turned out to be cash-cows, I would have avoided going broke.
If you are not making money right now, then you need to hurry. Don’t take your time and hope things happen for you. Get as much information as possible right now, and learn what does not work and what does from others who have done it before you. It is unfortunate that most people do not do this until they realize they are failing at something. As a matter of fact, some of you are reading this article right now because you searched for something you were failing at. Was it making money perhaps?
Knowledge is power. Get as much of it as you can now so that you don’t end up wasting all of your time doing things that never work.
It’s The Same as Before
Consulting is a lot like what you have already been doing. When you started your blog, you had to choose a niche and become an expert in order to come up with content on a regular basis. This means that you already have most of the battle taken care of. The only thing you have to do now is offer a consulting service. How hard can that be?
By offering consulting as a service, you aren’t reinventing the wheel. You are only charging for information in a custom fashion, that you previously offered in general on your blog and in articles that you have written.
To start, you need to decide on what exactly you will be offering, and for what price. Simply do some quick research on what others in your industry are doing, and how much they are charging. Once you have that data, you can easily add a new page to your blog. You can even setup a dedicated website just for the consulting service.
Promoting your service is the same as promoting your blog. Guest blogging, blog hopping, article marketing, link building, and forum participation are still your best bet. The good thing is that 4 out of 5 of those techniques will bring in immediate targeted traffic. The last one, link building, will provide the long-term help you need to dominate the search engines for your industry specific keywords and keyphrases.
What are you waiting for?
If you are thinking about starting a consulting practice, what preliminary work have you done so far to make that dream come true? If you are already consulting, how has it been for you so far? Let us know below by sharing your experience, or asking questions.