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A lot of people want to make money, and they want to make money fast.
Unfortunately, we live in a crock-pot world.
If you’re trying to make money online, the fastest way is to do direct service.
Sites like Fiverr.com — post your service that you’re willing to do, and then you might get a client. You complete that client, and then you get money. That’s the fastest way.
There are other sites out there like Upwork that also do the same thing.
That’s typically the fastest way you can get money online.
How do you make a passive income?
In this scenario, when you’re looking to money as quickly as possible but with passive income. The next best thing is probably an ebook.
All you got to do is have Microsoft word. You start writing your book. You publish your book on Amazon, and you might get a few sales and hits.
The problem with this is, it’s a hit-or-miss approach.
Whereas, if you would do a direct to service, you do the job, and you’re going to be paid. It’s guaranteed.
Here, with passive income, if I create this book and have this book, it’s not guaranteed that it’s going to sell.
That’s the issue and the problem with doing anything like an ebook.
Now, a little bit slower but more money. Something more of a higher-priced product.
What would that be?
This would be something like a video course.
Why is this one more money?
Naturally, an ebook is maybe $10 at most. A video course, you’re looking at maybe $49 plus, some are $997.
The price of the product is much more. This is slower to make.
Because you need video equipment, you need to edit the video. You need to host the video somewhere. You need to do the checkouts.
The thing with Amazon — if you publish your book, they handle the checkout. They host the book.
You do the editing yourself in Microsoft Word. You can use Grammarly.
You don’t need a ton of equipment.
So, it’s a little bit slower if you’re doing a video course, but you can make a bit more money.
The fastest way, of course, is direct to service.
If you want a passive income, you write an ebook.
If you want something even more money, slower, but you get a little more money per transaction, you can do a video course.
There’s a lot of in-between areas here as well.
This is why coaching is so prominent in the space of Education because it’s direct to service, but the payout’s not small. It’s way higher for your time.
It’s almost like and in between a video course, but it’s direct to service.
We have a range of different things in my portfolio.
I mix and match a lot of these things myself.
What is it that’s making you money?
Of course, for a lot of people, it’s going to be like video courses, books — these things. I have those things as well, but I also have service-based items in my company.
My employees, or people who work for me, call them my team — we do ebook covers and https://5starauthor.com/. We have other business items as well.
We have a team that works on websites for local companies, as well as https://localdrip.com/.
We do podcast artwork — https://podcastcolor.com/.
We do many other services.
When I’m looking at my portfolio, I’m like okay well I’ve got some things digital products. Some are super passive. Some are service. Some are affiliate sites as well.
All are generating revenue for the entire business.
Don’t just look at it with a fixed lens. Go wider. See the bigger picture.