Online Business Diversification Part Three
Click Here For Part Two.
People WILL Pay You For Almost Anything…
Service based businesses aren’t necessarily hands free; but the profits can be completely passive.
I really never liked the idea of a service based businesses. I always knew there was potential for huge profits; but I didn’t want the hassle of dealing with clients.
But that’s just me. I’m this ultra Internet guy who’s obsessed with automation. One of the core reasons why I ventured into online marketing was not having to deal with customers. I wanted to build a business where I could leverage technology in a way that people would buy my stuff without me ever communicating with them personally.
That’s why I don’t like services. But without a shadow of doubt; services are the easiest way to start making a living online and an excellent way to diversify your business. If you can do something that individuals or companies want and or need; you can charge them for it! Genius right? (LOL)
…And eventually you can outsource the entire business to the point where you’re only ‘checking in’ once a month.
Here’s a quick list of online marketing services that anyone with half a brain could easily provide:
- Social Media
- Facebook Marketing
- Pinterest Marketing
- Twitter Marketing
- Web Design
- Graphic Design
- WordPress Services
The list goes on, and the service doesn’t have to be Internet Marketing based at all. Checkout some of the services individuals are selling on Fiverr. There’s some really weird shit on there.
There are even services that charge people to send SHIT! Checkout ShitSenders.com, for less than the sum of $35 they will send a gallon or GORILLA shit to the person of your choosing. But let’s be real; who wants to start a shit sending business?
You don’t even need to know anything about the services you’re providing. You just need to hire someone who does or outsource the work entirely. I have a friend who runs a link building service.
For between $500 and $2000 per month; he’ll rank your site at the top of the search engines. He started small, but now runs a high end link building service. The cool part is they are subscription payments. Each client that signs up automatically pays him between $500 and $2000 per month.
As soon as orders come in his team do the work, his manager pays everyone and he’s left with MOST of the profits. Services are limitless and can be built to near total automation. A great way to diversify your online business, but services require a time commitment.
Ebooks, We All Know This One Right?
When I hear ebooks I think of the inception of Internet Marketers.
Ebooks are sort of what started the Internet Marketing craze. Normal people were getting rich selling Ebooks on the Internet. In fact people were making MILLIONS selling Ebooks on damn EBAY!
It was a great time for Internet Marketers, the money was passive and completely hands free…Until of course Ebay made it mandatory to send every Ebook on a blank disk to all customers.
While Ebay is no longer feasible; Amazon is here and has quickly become the powerhouse of digital publishing.
Not too long ago, Amazon released its Direct Publishing Platform for Kindle.
Allowing anyone to rapidly self-publish their own books onto the Kindle marketplace. If you don’t know, Kindles are those little Ebook readers being constantly promoted on TV.
They’re supposed to be the “book killers” with more Amazon Kindle sales than physical last year. Don’t quote me on that statistic; I believe it’s correct. The fact is digital books are becoming a lot more attractive as more and more people buy Kindles, smart phones and tablets.
The Kindle Direct Publishing platform allows you to self-publish your own books on the Amazon Kindle Store. Here’s an excerpt from the KDP website:
It’s free, fast, and easy. Books self-published through KDP can participate in the 70% royalty program and are available for purchase on Kindle devices and Kindle apps for iPad, iPhone, iPod touch, PC, Mac, BlackBerry, and Android-based devices. With KDP, you can self-publish books in many languages – including English, German, French, Spanish, Portuguese, and Italian – and specify pricing in US Dollars, Pounds Sterling, and Euros. You will also find useful information on our active community forum.
So, the KDP platform is really the ultimate way to get started with selling your own ebooks. As the excerpt says; “it’s free, fast, and easy”. Which is absolutely true.
There are two approaches to Kindle publishing. One; creating LOTS of Kindle books by outsourcing their creation and pumping them out by the dozen every month.
Two; carefully writing, outsourcing and managing the creation of an excellent Kindle book. Then doing an actual “book launch” i.e. marketing the book upon launch. Writing press releases, networking, guest blogging and getting some media attention.
You can do all of that; but unless you know your shit and your Kindle ebook is literally “physical bookstore quality”; don’t. It’s much easier to pump out a dozen Kindle books per month and outsource the creation of every one.
You could create books about language learning, fishing, internet marketing, pregnancy and women; the only limit is your imagination.
Kindle profits are passive, but nothing spectacular. The profit adds up over time, that’s for sure!
P.S. Leave me your thoughts, comments and questions below. Also opt-in to the email list on the right for more Internet Marketing tips, tricks and secrets.