Want to free yourself from your day job? My eguide is full of practical advice: How I Surpassed My Day Job Income in Just 6 Months of Self-Employment.
“Making money online” screams SCAM! Kinda like money growing on trees, right?
Even if you understand that it IS possible to make money online, the phrase is so vague that it leaves you scratching your head about specifics. It’s like when someone says they’re a consultant; my next question is always, “What KIND of consultant?”
One of my big goals with this blog is to be totally transparent, to share not just why but HOW I’m creating my own career, so you can apply the lessons I learn to your own professional and life goals. This is an increasingly popular topic as more workers transition to self-employment and entrepreneurship. And that’s why I’m about to tell you exactly where my money comes from. (Hint: It’s not the Make Money Online Fairy.)
Notice as you’re browsing my income streams that only a small percentage of my income comes DIRECTLY via the Internet. And yet, I still attribute the success of my client work and most of my other writing projects to my online presence. Nearly all of my revenue sources stem from online, even if indirectly.
That’s exactly what I told The Washington Post recently when a reporter interviewed me about how to make a living from blogging. I love the quote she used in the third paragraph, because it’s really the core of what I want you to take away from this post:
Alexis Grant left her job as a U.S. News & World Report writer in August, seeking something “a little more creative.”
She had already started developing a side career mixing in blogging, social media consulting, e-books and freelance editing and wanted to work on it full-time. She got all that, with writing and blogging at the core of her new career.
“I don't think you really make a living as a blogger. You use blogging to help yourself make a living whatever way you can,” said Grant, who lives and works in Rosslyn. Her blog, The Traveling Writer, serves as her gateway for selling e-books and consulting services on social media to small businesses.
I’ve written in detail about what I like to call my income pie in my Solopreneur Secrets newsletter. (I’m thinking about phasing this sucker out, so if you want access to the archives, subscribe now.) But only a small number of readers subscribe to that niche letter. So for the rest of you, here’s where my income comes from:
Income Stream #1: Products
Right now my products account for about a sixth of my income, but my goal is to increase this piece of the pie over the long term.
Ebooks: I’ve got two available on this site — How to Build a Part-Time Social Media Business and How to Take a Career Break to Travel. Plus another in the works, which is tentatively called How to Create a Freakin’ Fabulous Social Media Strategy. With
any luck some serious hard work, that should be out in May.
Digital courses: I run an email-based course about how to use social media to Make Your Own Luck — how to grow your online network so good things come to you. If you want a heads up when I next offer it, you can sign up here for an alert.
Newsletters: My paid letter ($5/month) is the one I mentioned above, Solopreneur Secrets, which offers ideas and inspiration for how to transition to working for yourself. I also offer a free newsletter about creating the life you want to live.
Income Stream #2: Client work
Social media consulting: I help small businesses build communities online through Twitter, Facebook, Pinterest or whatever makes sense for each client. At this very moment, I’m looking for one more client, so if you know of a company or organization that needs help with social media but can’t afford to hire a full-time employee, please pass my name along.
Blog consulting: I manage and edit Brazen Careerist’s blog for young professionals, Brazen Life. This involves brainstorming ideas with contributors, considering pitches, editing content and helping grow blog traffic.
Coaching individuals: I offer one-on-one blog and social media coaching for individuals by request.
Income Stream #3: Miscellaneous writing projects and consulting
Freelance journalism: I’m still a journalist at heart, and I like to put those reporting skills to use every once in a while.
Media consulting: Knowing how to pitch journalists and bloggers is an in-demand skill, so occasionally I work with businesses and individuals, helping them break through the media wall. I especially enjoy helping craft, polish and pitch guest posts.
Affiliate sales: I bring in a small but growing bit of revenue each month by selling other people’s products — but only relevant products I believe my readers will actually want.
So that’s the breakdown. Any surprises? Got questions? I’m happy to answer them.
Could any of these strategies work for you? Have you thought about using your online presence to make money, either directly or indirectly?
Oh, and if you’re interested in more details about how I got to this point, check out:
… and lots of other posts on Following the Dream. (I love that I get to write about this topic enough to have an entire CATEGORY for it!)