In this post we’re sharing the top 10 ways to make money online that we learned from Lewis Howes. Each of the ten are income ideas anyone can master with little or no start up costs.
If you’re looking for a side hustle, a part-time income stream or a full time career, start with these suggestions. The experience and expertise that you already have may be just the start of something big.
Lewis Howes is an entrepreneurial guru who has captivated audiences all over the world with his enthusiasm and creativity. His thoughts on a multitude of income ideas are valued by entrepreneurs of all types and offer valuable income ideas for retirement.
He’s a happy guy who has reinvented himself many times over.
He’s a former Arena football player and he is currently on the USA Men’s National Team for the Team Handball Olympic sport.
This 10 minute video is excellent and sure to inspire your creative juices.
Watch and be inspired! I’ve recapped each category he addresses in the video with a few ideas to get you started.
Teaching others what you know via online courses or training. There are many platforms online for publishing and selling your courses.
- Fitness training and healthy eating are two examples.
- Are you writer or an artist?
- Are you an accountant? Do you have experience in a segment of the financial industry?
- DIYers often search the internet for help with their projects.
2. OFFER A SERVICE
- Virtual Assistant businesses are exploding, today. There are more than 150 services (affiliate link) you could offer as a VA under these categories just to name a few:
- Administrative support
- Customer service
- Online marketing
- Website maintenance
- Financial services
- Audio/video production and more!
- Freelance Writing is another fine option. Learn more about the 200+ writing niches HERE.
- Blog posts
- Magazine articles
- Technical writing
- Press releases
- Grant writing and many more!
3. CREATE AND/OR SELL PRODUCTS
With platforms like Amazon and Shopify, so many people are earning a living selling products online. Some are digital products while others are physical products.
It’s great because you don’t have to have an actual brick and morter storefront. You can design you own products or sell products produced by others.
- Books including ebooks
- Merchandise – the list of categories of merchandise on Amazon is truly mind-boggling!
4. MEMBERSHIP SITES AND CONTINUITY PROGRAMS
This category is all about gaining access to expertise in a variety of categories.
For example, if you’re a fitness guru, you could create a membership site and for a monthly fee, the members have exclusive access to videos, exercise techniques, diet programs, health tips, etc.
If you are a financial wizard, you could offer debt reduction programs, budget templates, and one-on-one coaching all for a monthly fee.
Whatever your skills are, there’s bound to be a way to monetize that knowledge via a membership site.
5. AFFILIATE MARKETING
This is hugely popular and, if it’s done right, it’s possible to earn a full-time income with this approach. You’re basically offering services or products created or sold by another person or company in return for a cut of the sale.
Affiliate marketing is a way to give your audience special deals and more products and services than you could possibly imagine. You earn when they make a purchase. It’s a win-win situation.
One of the best programs for learning affiliate marketing is Wealthy Affiliate. It’s how I started. I love it. It’s not a get-rich-quick scheme. It takes time and dedication but it’s a wonderful community of like-minded people willing to help you succeed. It’s worth a look, for sure.
6. BUILDING A WEBSITE AND SELLING ADVERTISING
Here’s where you can combine your experience either from a business or position that you’ve held for a period of time or your love of a hobby by creating a website geared toward helping others solve a dilemma of whatever niche you’ve selected.
You can build a loyal following by creating valuable content on your site. You will become an authority in your niche and readers will gladly subscribe to your posts.
There are a multitude of companies offering everything you need and all the guidance necessary to start a website or blog. Once you have it up and running and have collected a number of followers, you can sell advertising space to relevant companies. It’s important to be selective in this and only sell to businesses your audience can relate to.
7. SELLING SPONSORSHIPS OR BRANDED CONTENT
Sponsorships for blogs/websites is a popular way to add content to your site. There are a couple of ways that this works:
- A company writes an article about their product or service. That article is “sponsored” by the company and they pay you to share it with your readers.
- You write an article about the product or service of a company in your niche and the company sponsors the post and pays you for linking to their site or product.
For example, if you have a recipe blog you might share or create a recipe using an ingredient from a food company that sponsors the post.
Here’s an example of a post sponsored by Frigidaire on the blog The Kitchn. You’ll see at the bottom of the page the sponsorship disclosure.
Lewis Howes says that hosting events is “an amazing way to make money online”.
He hosted his own successful event called The Summit of Greatness. He’s got another event scheduled for fall 2018.
This is an example of what you can do if you have a large online community and a successful site so it will take some time to get to that stage but absolutely worth it when it happens.
You’re giving your followers the opportunity to connect on a higher level with each other. If you invite speakers who are authorities in your niche and that your followers follow, you’ve added additional value.
Your connection with your audience is enhanced and you’ll made great money.
9. COACHING AND MASTERMINDS
Mastermind and coaching groups are two ways for participants to share brainstorming, learning and accountability and to offer support for their members.
I belong to several online private Facebook groups where the members share their challenges and solutions to their challenges. They’re support groups and are a valuable way to communicate with others in your circles. It’s win-win for participants.
You can charge a fee for coaching or a fee for joining a mastermind group. This is particularly suited to online businesses that already have a high profile but it can also be a good way to increase your presence in your niche.
10. GET CREATIVE!
Thinking outside the box has been the key to success for so many online businesses. Using a platform like Instagram, you’re able to inspire and gain followers in your niche.
This, in turn, offers an opportunity for earning money by having sponsorships, building email lists and selling products.
I’ve listed 7 additional ideas for making money in this post: Extra Income Opportunities. Some of them are short term solutions to get you started while you settle on a long term goal.
What could you offer or express in your niche that would be unique?
These 10 ways to earn money online are just a drop in the the bucket but they’re tried and true and Lewis Howes knows what he’s talking about so pay attention!
I’d love to know your thoughts on these suggestions for earning an income post-retirement or if you’d just like to explore the possiblities of starting a side hustle.
If you have suggestions or have another idea for earning money online, please let me know that, as well. I’ll add it to this list and give you credit!
Thanks for reading and stay tuned!