The next step is turning that passion into income. Will you be charging a fee for people to use your service? Or will it be a subscription that they can access online? Either way, you can charge for your expertise. Once you become the expert, people will want to hear what you have to say. And the more advice you give, the more people that will resonate with them, the more they will be willing to pay to get it.
Take you to me, for example, I made this course and get paid every time someone invests their time and money in order to learn from it. I did the hard work once and now get the benefits over the long term. There are plenty of things I would want to learn about and would pay money for and I'm sure some of you could teach. This isn't an ad for you, to me. There are plenty of other platforms for you to choose from, or make your own website. Or maybe it's a blog instead of a class and you have advertisers pay for attracting the attention of potential customers, attention is the new currency and advertisers are willing to pay you for it.
The exercise for this lesson is to take the making money online worksheet and circle which ideas seems the most interesting to you. Next, I invite you to search the terms either on Udemy or YouTube and watch one video free is fine. You're starting to get acquainted with what all the idea entails. And if it still sounds interesting, after a video or two, you may have found a potential opportunity. You will know when you can't get enough of a topic that you've found one you love. Many people have created passive income businesses around their passions, thus turning something they love into something they profit from all the while loving every minute.
Without the sound financial principles like the ones you've learned in this course. There could be frivolously spending that money and not getting ahead. The simple fact is once we start spending more or the same amount as we make, we aren't able to get ahead. We're stuck in the constant loop that keeps us living paycheck to paycheck. I watched over 30 webinars on making money online until I found the one that interested me the most. My choice was affiliate marketing.
Basically, I build relationships with potential customers and introduce them to other businesses and their products. I get a commission for every sale that comes through. I love it because it plays to my strengths. I'm an introvert and would hate doing any overt selling tactics. I think that's key to finding passive income. You want to pick something that you enjoy doing and that speaks to your strengths.
If you're an extrovert and enjoy speaking with people maybe want to do webinars and YouTube videos on your topic of interest Relating to your audiences the biggest factor. Once they trust you and you show that you're someone who knows what they're talking about, consumers are more likely to want to spend money with you on the products that you recommend. This is why so many gurus talk about having an email list. This is your chance to continue the conversation with your audience and introduce them to even more helpful resources. I choose to do things a little differently, where I give away a ton of helpful resources for free on my website, work money hero.com My goal is to help you succeed because I see the incredible opportunity there is at this point in history to generate passive income and want to help as many people as I can.
I did an experiment after getting laid off from my last job and relying solely on my rental income from the rental property that I lived in for nine years. I signed up for the rover rat. If you aren't aware It's the dog walking app. Now I know what you're saying, if you had other income coming in, this wasn't a true experiment. But that's not the point. The point is without the fear of failure, I was able to hack my way to success.
Most people on the app rely on the app to advertise their services. So I knew I had to do something different to stand out. I started advertising on Facebook and printed fairly low cost business cards to hand out to people in my neighborhood. Within a matter of weeks, not months. I was the go to a dog walker for my surrounding area and was getting people to join the app because rover had a promotion for free dog walks. I still got paid my full fee, but new users got a free walk for their dog through the app.
The moral of the story is I'm not the best dog walker, probably far from it. But I love dogs have a passion to help people with their Dogs and knew a few hacks to combine my passion with the people who needed their dogs walked, advertising my services at the right time to the right people worked. And it was something I could do on the side while I wrote my book on how to hack your way to financial freedom, which goes way more in depth on what the actual hacks are for each area of life, way more than I could just list in this class. The more people you resonate with, the more value you provide. And the more value you provide, the more potential money you can make doing what you love to do. It's a win win and has afforded me to live the life of my dreams.
This is my sincere wish for you. Take the calculated leap forward in life. By becoming good with money and learning to invest it in yourself. You make sure you are a force to be reckoned with, and it's going to be scary at first. Every leader has fear if they say they don't, they've just lied to themselves to in order to take that next step. What they're actually using is courage.
It's realizing the fear that's in our biology, embracing it and choosing to act anyway. That is the true test of moving beyond your comfort zone and into the realm of your best life. Because no one ever makes their wildest dreams come true in their zone of certainty.