Are you an expert? If yes, you might gain profit from your expertise as a side hustle apart from your everyday work. How? You may sell products or teach other people about your area of expertise.
Other ways are by answering other people’s questions concerning your work in online chat rooms. Or you may choose to develop great ways to perform certain services in a particular field. Or you can package what you know into an information product.
This can take the form of audio programs, magazines, traditional books, videos or DVDs, tele-coaching programs, newsletters, ebooks, seminars and conferences, and many others.
Take advantage of the fact that business owners and consumers need to learn about solutions to problems they may have in a useful and convenient format.
Below are some advantages of doing the above as a money-making business.
You might enjoy reading: Can You Still Make Money With Blogs? The Answer Is Yes, And Here Is Why.
Here’s Make Money Even If You Are Not An Expert
Nowadays, with the internet, you do not have to be an “expert” to make money online while doing what you love.
Here are the best ways to make money, even if you are not an expert.
1- You can Leverage Your Knowledge
Creating a product can go a long way to provide a business solution over and over again instead of you performing the service yourself each time.
Fortunately, everything you need to create a product is already within you. You already possess the secrets, information, and techniques and thus do not need experts to create it or newfound distribution methods.
2- Your Products Can Double As Marketing Materials
People who buy your products are more likely to hire you to perform services for them than other customers.
When your products are published, it shows the customer the complexity of your services and your expertise in performing them, making you the obvious choice should the buyer need additional help with his hobby or business.
3- You Can Work at Home
As long as you figure out a way to create a product and distribute it, you do not need to be in a specific location for people to buy it.
You can comfortably work from home and have your business running.
4- You May Not Likely Need Employees
Sometimes you may need help with some work, but this will not require full-time employees in most cases.
From time to time, you could contact people to help with customers’ questions, maintain a customer database, or shipping of products.
However, you can still run a lucrative business with little or no staff at all and have little operating overhead.
5- You Can Start with Little Money
In most cases, as an expert, starting a business does not need a lot of furniture, equipment, or computers. Sometimes it doesn’t even require special licenses, education, or degrees.
All you may need at the beginning is to identify your target audience, create a product that fits their need and offer it persuasively.
Once the business is up and running, plan on working hard on it, and the payoff can be huge.
Below we will delve deeper into ways you can make a living from the knowledge that you have:
6- Provide Coaching/Consultation
When we talk about coaching, it does not necessarily have to be in your exact area of expertise. For instance, you may be an author who writes about happiness. This does not mean you have to coach people on how to be happy.
However, you may teach other authors how to write, launch and sell books. Or, if you have a successful home business, you may coach other people who may want to learn to do the same.
You may already have questions that people ask you. Use them to curate information that may be helpful to them and begin to provide coaching services.
7- Write Articles
Blogging is an excellent way of drawing traffic to your website and product, but it will not likely give you much revenue. However, writing articles for high-end websites and magazines can be a good source of income. Some pay a flat fee while others pay by page view.
In the same breath, you can also market, sell and deliver digital content. Platforms like Kajabi allow individuals to deliver information products online and even create a website to grow their audience.
8- Create Courses
Creating online courses is a lucrative source of passive income. You can then host the courses on your website or another like Udemy.
You may strike licensing deals if your content appeals to private companies or big organizations. This means that you can earn money in your sleep for many years.
Other useful platforms like Skype and Google Hangouts can be of great help if you are looking into investing in marketing yourself. These platforms can save you travel time, help grow a wider customer base and make money off skills that you have that others may find of value.
9- Give Talks
Professional speakers earn money by motivating and teaching audiences. You can achieve this by offering full-day workshops or 1-hour keynotes.
Although this industry is hard to venture into, you can earn a living once you are an expert.
10- Write a Book
Whether to do a self-published book or do traditional publishing largely depends on your topic. If your niche is small, you may decide to self-publish, and if your book appeals to the masses, then a traditionally published book might be considered to help you best reach your audience.
This can help you earn an advance, and you might also earn royalties. Your publisher takes care of editing, design, and printing fees. Professional publicists and a sales team will work to sell your book.
Another alternative that can bring in profit is re-purposing existing content, adding a bit more information, and wisely marketing it. You can then sell ebooks or whitepapers on your site or through other channels like iBooks.
11- Create a Live Event
You can aim to host your event at luxury resorts to a big conference at a hotel. You may decide to collaborate with other speakers or have the event feature your content only. The key is to be simple and remain objective.
You can also take advantage of online platforms to create live video events. You can provide webinars and live classes that teach your audience how to do something. You can sell a webinar or class while teaching with a little marketing effort.
12- Produce a Tutorial
If you are dealing with large groups of people, another lucrative opportunity is to turn webinars into recorded, downloadable tutorials that people can purchase one on one. You could also do video training like a course.
These include DIY projects, home repairs, or any other field. You can also create a YouTube channel and focus on a single niche to build a strong, loyal audience.
You can then create tutorials, stream video games, teach skills or even create prank videos or anything else your audience may be interested in.
You can make huge bucks on YouTube by creating content people want. Ensure you have witty headlines to entice people to watch your videos and use keywords in the video description to optimize your search.
13- Develop a Mastermind Group
Most professionals want a place to network and ask questions. You can take advantage of this need by bringing people together for a fee.
You can charge a monthly or annual membership fee for people to join the mastermind group. You might offer exclusive content, regular webinars, and regular opportunities for members to connect.
14- Be the Human Intelligence Computers Can’t Replace
Take advantage of platforms such as MTurks, designed to help academics, professionals, IT experts, and companies accomplish tasks that need human intelligence.
At first, the pay may be little, but after some time, it can quickly accumulate to a decent side income.
15- Affiliate Marketing
This is one way to make money without worrying about reporting statistics and numbers or getting paid depending on how many views you have. This involves being paid for any sale that you bring your way to companies.
What you require for this is to have a working website where you can post links that direct people to various sites to access products or services.
You are paid a commission each time someone uses your link to purchase a product or subscribe to a service. You can also do honest reviews on products, persuade people to buy them using your link, and get a certain commission.
How to Get Started
If you are thinking about having multiple sources of income, it is good to start by testing your ideas. First, put your content into the world and see which ones spark interest.
An effective and simple way is through social media. People will show their appreciation for your content by liking, sharing, or commenting.
To gauge interest, you can also start vlogging, blogging, or a podcast. Once you have established an audience longing for your content, begin creating it, and you will earn money from your knowledge.