I have been creating online courses for years. Some of my proudest moments have been when a student has followed my course and been able to make money online without any previous experience.
I have always seen online learning as a way of life rather than as a business, and have loved watching students come back time and time again to learn from me. In early 2018, I was inspired to create a course that teaches students how to create an automated online income in just about any niche imaginable. Within weeks of launching the course, enrollment was bursting at the seams and the demand for the course was higher than I could possibly deliver on. Since then, enrollment has steadily increased and, as of today, over 120,000 students have enrolled in the course and been guided through the steps to create an automated income stream.
Why Create an Automated Income?
For most of us, the idea of an automated income stream is more appealing than actually creating one. Waking up one day to discover that you have a steady stream of income coming in without having to do any work seems like a dream. For those of us who want to create the lifestyle that Kayak Life is promoting, however, the dream quickly turns into a nightmare as we realize that we are, in fact, expected to work hard to keep up with the demands of the system.
When you create an automated income stream, you are essentially creating a business that you can run from anywhere in the world that has a connection to the internet. When you sign up for an automation account with a company like Clickbank, for example, you will discover that you can take advantage of a special tool that allows you to set up an automated transaction each month that will deliver money directly to your account. You can choose to have the money deposited in your bank account, kept in an account tied to your Amazon Payments account, or have the funds deposited into a separate savings account. You can even choose to have the income adjusted automatically each month based on the previous month’s income.
How to Create an Automated Income In 2022
If you decide that you want to continue creating an automated income stream in the future, the very first thing you should do is save up some money. No, I am not talking about saving up money to buy equipment or develop a niche in a particular field. I am talking about saving money in case something happens to you in the future and you have to stop working.
This is a scary proposition for most of us who have spent our entire lives focused on earning more money to fund our future. The idea of not being able to earn an income that we need to live is terrifying. That is why I wanted to create the course in the first place. I want to help students avoid this terror.
If you can, create a small emergency fund and put some money aside for healthcare costs. In 2022, you will be 46 years old. Healthcare costs more than it has ever cost in history and many of us will need to tap into our savings to pay for healthcare costs. Hopefully, you will be able to keep your job and continue to earn an income but, in case you lose your job, you will have some money saved to pull you through.
How to Create an Automated Income In 2018
If you are reading this, I assume that you are either wondering how to create an automated income stream or have one and need advice on what to do next. I have been where you are and I have seen first-hand how much money an automated income can make a student. Enrolling in my Udemy course is the perfect solution for those wanting to create an automated income stream.
My Udemy course, like any other course I create, is a comprehensive course that will guide you through setting up a professional-looking automated income stream from the ground up. The difference is that my course will walk you through actually doing it. You will not be left wondering what to do. You will have all the information you need to know and can put these steps into practice immediately. This is a massive time-saver.
The Requirements To Create An Automated Income
There are a few things you need to consider before you can create an automated income stream. First of all, you need a PayPal account as soon as you sign up for anything remotely related to online marketing or selling. Second, you need to have a website or some sort of online presence that you can use to promote your products. Lastly, you need to have a way to get paid. You do not need a PayPal account for this (although it is certainly easier to get paid through PayPal). You can get paid through a number of different platforms including Stripe, which many large companies use for online payments.
Choosing A Niche
Once you have a PayPal account, you can start making money online by choosing a niche. Remember, you can create a successful automated income stream in just about any niche with the right guidance. The key is to pick a niche that is already popular and can be monetized. The two that I suggest are affiliate marketing and dropshipping. Let’s look at each one individually.
Why Affiliate Marketing?
If you have a specific skill (or know someone who does) that you can parlay into getting paid to promote products, affiliate marketing is where you want to be. You will find many successful affiliate marketers who work from home in their pajamas, wearing no makeup and grabbing a quick bite to eat while promoting products they love, using software like ClixGalore or FlexJobs to find affiliate marketing opportunities.
There is a lot of money to be made in affiliate marketing as long as you are pitching high-quality products that people want and can readily afford. Choosing affiliate marketing as your niche means that you will be able to build a thriving business quickly, easily, and with minimal effort. You will not have to worry about finding a product to promote or earning a profit because the money will come to you automatically. The key to fast and easy affiliate marketing is to pick a popular product that is tied to an affiliate program. For example, if you pick an Amazon product (Amazon Associates is the affiliate program that helps power the Amazon Website) and the affiliate program for that product happens to be Clickbank, you will be able to build a profitable Amazon marketing site quickly and with very little effort. The best part is that you will not have to go through the grueling, long process of finding products to promote. You will simply have to associate yourself with a brand and wait for people to come to you.
If you are looking for a way to make money online without having to spend a lot of time promoting products, dropshipping is where you want to be. Simply put, when you dropship, you essentially allow vendors to sell their products on your behalf. If you host a website or social media accounts for vendors, you are considered the merchant and you will need to pick a product that you think will be popular based on your research or passion.
When a vendor sells a product on your behalf, you are entitled to a portion of the price for that product. You get paid even if someone does not buy the product, which can happen often with dropshipping. The upside is that you do not have to promote a product to make money. You simply have to get people to come to your website or social media accounts. Once they do, you can get paid.
Choosing a niche for the sake of choosing a niche is not something to be proud of. Look at any successful entrepreneur or business owner and you will discover that they focus on one thing and one thing only; growing their business. When you choose a niche, the very first thing you should do is choose a profitable niche. If possible, choose a niche that is growing and has the potential to become even more profitable. Once you have chosen a niche, you can move on to deciding what products you will promote within that niche.