Yeah I know how this looks. Click bait title from one of those make money online gurus, trying to make you buy one of their courses. But I made you click right? So it works!
Rest assured. I’m not going to sell you anything. I’m just going to show you how I make money to fund my travels. This is just a short summary and I’m planning on doing some in depth guides on each one of these hustles. Let me know in the comments which one you want to learn more about.
Not a millionaire, don’t have a team
First off I would like to mention that I make money online solely for the purpose of sustaining my lifestyle. Which is travelling indefinitely and living comfortably doing it. There’s no intention of growing “a business”, building a team or making a million dollars.
Now that doesn’t mean I leave money on the table.
When I see an opportunity to make some extra money I’ll take it. But my rule is to never let it limit the freedom I’ve created for myself. I like to keep life simple and stress free.
So here are my 3 income streams…
1. Information products
This is by far my biggest source of income. Information products can come in all sorts of formats, but the most common are:
- Video courses
An information product provides the buyer with a solution for the problem they’re trying to solve. Yes people are willing to pay for this.
Some of the best markets for information products are:
- Health and weight loss
- Mental health
- Sports and hobbies
- Relationships and dating
In short you would create an ebook or video course that solves a certain problem. Create a sales page where you sell your information product. Set up a payment and delivery method. And start marketing it like a madman.
2. Affiliate Marketing
Basically this means promoting other people’s offers in exchange for a commission. There are a lot of affiliate networks out there that you can join to find these offers. Some offers just require a signup (lead generation) and others will need a completed sale in order for you to get paid.
Here are some ways to promote affiliate offers:
- Start a blog to generate Google search traffic
- Create YouTube videos or promote on social media
- Buy traffic from traffic networks (this is advanced stuff, but by far the most scalable and profitable)
Just like with the information products evergreen markets will always convert. But the competition is fierce, so it can pay off to “niche down”.
Read my epic guide: How to make money blogging
Now this income stream is different because it’s not a steady one. I’m making money trading, but it’s far from consistent. To be able to trade profitably you need a strategy and stick to it. This also means staying out of the market when there are no trading opportunities. And when I don’t trade I don’t make money.
I buy and sell currencies on the Forex market and recently I also started trading crypto assets like Bitcoin. I make these trades based on news events and technical analysis.
No such thing as passive income
It’s important to understand that these methods of making money online do not provide passive income (if that even exists). They require hard work. Of course after you set up a profitable affiliate campaign or create an information product that takes off, your work becomes easier. But it still needs maintenance and constant improving!
What would you like to learn more about?
This is just a short overview of my income streams and I’m thinking about doing some in depth guide on one of these methods.
So my question is: Which online hustle would you like to learn more about?
Let me know in the comments and don’t forget to share.