Earning money online does not have to be mysterious or complicated. If you can just start by offering a service or coaching/consulting and use those interactions to start building digital products (later on), you can actually get to $5k per month in income in a relatively short period of time.
$5k/mo Online Business Income Fast Track $60k per year
Service Based Business
Coaching/Consulting
Digital Products
1. Service Based Business - Trading hours for currency.
Examples: Web Design, Graphic Design, Email Marketing, Virtual Assistant, Video Production, Accountant, Bookkeeping, Social Media Specialist, etc.
The Math:
$5,000/mo ➗ $50/hr = 100 hours/mo (25 hrs/wk = 5 hrs/day 5 days/wk)
$5,000/mo ➗ $75/hr = 67 hours/mo (17 hrs/wk = 3.5 hrs/day 5 days/wk)
2. Coaching/Consulting - Trading hours for currency.
Examples: Financial Coaching, Life Coaching, Health And Wellness Coaching, Sales Coaching, Business Coaching, Executive Coaching, Team Coaching, Technical Consulting.
The Math:
$5,000/mo ➗ $150/hr = 33 hours/mo (8 hrs/wk = 1.6 hrs/day 5 days/wk) $5,000/mo ➗ $250/hr = 20 hours/mo (5hrs/wk = 1 hr/day 5 days/wk)
3. Digital Products - Completely scalable. Far less time trading.
Examples: Online Courses, Downloadable PDF Guides, Apps, Stock Photography, Graphics, NFTs
The Math: (Assuming you're selling a course every other day.)
$5,000/mo ➗ 30 days = @$167/day
$97 Course x 6 days/wk = $582/wk $147 Course x 5 days/wk = $735/wk
$582 (4) + 735 (4) = $5268/mo
My Online Business Journey
Started with financial coaching.
Added blogging (learned graphic design, web design, email mktg).
Added Web/Graphic/Email/Video Contracting.
Built digital products (printables, courses, memberships)
6 Steps To Starting An Online Business
Hard, didactic teaching. No fluff. You'll have EVERYTHING you need to know to get started. AND you'll be able to see if this is something you want to do.
Whenever you're ready, there are 2 ways I can help you:
1. If you're wanting forward momentum in your business, I'd recommend starting with an affordable course:
➡️ START. An Online Business - Course: Productize your knowledge with my niche validation, content, marketing, audience attraction and traffic growth system. Everything you need to start, grow and scale a profitable solopreneur business.
➡️ Inner Circle 6-Week Group Coaching Experience (Waitlist): Group coaching cohort where I take you from business idea validation to product creation to traffic generation. My complete system for creating: 1 verified market, 1 way to generate leads, 1 way to convert leads and 1 product to sell. Program opens about 4 times per year and you can get on the waitlist, here.
2. Register for my next free in-depth workshop on how to start, grow and scale an online business from a side-hustle to six-figures and beyond: Register here.
Take this FREE 60-second quiz and find out what type of online business is the best fit for your personality and goals.
Discover the six simple steps to start and grow an online business that help you monetize the things you already know, so you can begin to work less and live more.
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