Day 2 of my 30 Day Productivity Challenge.
Today the daily challenge or task is selecting a business model. A model that will generate income.
I have to decide which are both lucrative and which best suit my needs, what I am good at.
Here are several great ways to get started.
- Information products
- Authorship (Kindle and paperback)
- Affiliate marketing
- Physical products (Amazon)
- Local business marketing
- Niche sites/Membership sites
- Providing your services to others
Ok, this is a bit easier than trying to find myself in Google. I know what I am already doing, and what I don’t want to do… that leaves me a handful of choices that I really want to do, have done, and I am good at.
Physical Products – Nope. Don’t yet want to handle or touch physical products. I might consider if someone else drop ships. But not yet.
Local Business Marketing – Already doing this. Too much like another job. I already work 40+ hours a week based directly on time. I am truly looking for residual income. So nope.
Authorship (Kindle and Paperback) – I know that self publishing is all the rage. And I know that I need and do want to publish a book. But I don’t want to try to do it as a monetary income stream. I want to publish and sell books to build my brand, not to directly increase my bank account because of the number of books I sell. I could be wrong, and when I do publish I will enjoy the sells of Kindle and physical books. But I don’t want to focus on this just yet.
Providing My Services to Others – Just like local business marketing, I am already doing this. I currently charge $35 to $75 an hour to do work like building websites, malware removal, setting up squeeze pages and sales funnels, connecting Aweber autoresponder to squeeze pages and optin pages, etc… But I get only paid if I clock in and track and log my hours and send an invoice, for which I use Freshbooks by the way.
Coaching/Consulting/Mentoring – This can be big money. Selling your time for dollars, but at pretty good rates. And you can leverage your time by doing group coaching. Maybe someday, but for now, I have to build up credibility. And that means…
Information products/Affiliate marketing/Niche sites/Membership sites – My strengths, the things I can do quickly and easily, is build things. I know and love WordPress. I can connect the back end. I can create digital products. I can build niche websites in little obscure niches (such as plant niches) that get an amazing amount of traffic. This I can do. This I have done. This I have actually made money through the sell of digital info products, or Adsense, or affiliate marketing. So looking at all these possible models, I will focus on these three things.
Follow me through this process. It will be fun!