Why does it matter?
The large and profitable online education market gives you the chance to turn your knowledge into a digital product and sell it online.
Monetizing your expertise and packaging it has become more accessible! The best thing, though?
Starting a side business on the internet allows you to get started with little risk. It’s simple to get started because there are so many free platforms available.
One of the simplest methods to make $10,000+ a month online is to sell your skills online. You can start it from home as a side business while keeping your regular job.
An online course has the added benefit of being scalable. That implies that once you’ve built it, you’re not required to appear. This indicates that you are no longer exchanging time for cash.
Where do I begin?
Starting is the best approach to learning what works. With low-cost tools and access to your market via the internet, social media, and your smartphone, it has never been simpler to do that.
Here are 4 other strategies for earning $10,000 or more a month online.
Amazon FBA (Fulfillment By Amazon)
Finding things and selling them through Amazon is simple. The best thing about this side business is that Amazon handles all the labor-intensive tasks.
an app to find products and handle all the delivery to customers. You can even get customer support through it.
2. Freelance work
Design is one of the finest fields to start a side business in, according to Canva research. App developers took second place, while the next best category was for knowledge and skills in digital design.
The following are the top freelancers’ monthly sales:
- $33,833 a month or $406,000+ (Design) for an illustration
- Editing and proofreading services cost $341,000+ (for writing) or $28,416 per month.
- $309,000+ (Design) or $25,750 per month for animation
- $280,000+ (Design) or $23,333 per month for a video editor
3. Coaching Online
Growth Market Reports estimates that the global market for online coaching was worth around USD 1938.41 million in 2021 and would likely reach about USD 4567.44 million by 2030, growing at a CAGR of 13.4% from 2022 to 2030.
The market’s expansion is driven by rising demand for online coaching platforms and virtual training services.
In the news, Lynda, an online learning platform that was sold to LinkedIn in 2015 for $1.5 billion before being acquired by Microsoft the following year for $26.2 billion, is now known as LinkedIn Learning.
Lynda Weinman was a motion graphics and digital media instructor at the Art Center College of Design in California back in 1995. In order to provide her pupils with free online materials, she launched an online side business (yes, they were around back then).
She came to the realization that giving the same lecture on the same subject every day was not the best use of her time.
She understood that if you record a lecture and upload it to the internet, it may be viewed forever and just needs to be delivered once.
Without an education or online course platform, it can be hard to make a course from scratch, design it, and host it.
These are the top three platforms where you can design a course, host it, and even build optimized marketing funnels to advertise it using best practices and pre-made templates.
#1 One of the best online sites is Kajabi. It allows you to do a lot more than just host and distribute online memberships or courses.
One in three of Kajabi’s clients, who include both seasoned business owners and novice side hustlers, now make over $100,000 annually thanks to the platform.
The pricing reflects the fact that it is much more than just a course builder. Kajabi enables you to:
- Create attractive course websites.
- Establish a blog
- Create sales channels
- Launch your email marketing campaign and setup
Teachable is a freemium platform, making it an excellent option for those just starting out who have never taken a course before.
The standard features of each plan are:
Using their simple drag-and-drop interface, you can easily create a course or coaching service.
host unlimited drop builder
Enroll as many students as you like in your online school.
Integrate with Google Analytics, Zapier, ConvertKit, MailChimp, and other services
You can sign up for the freemium service, and the annual payment for the paid version is $29 after that.
A custom domain is not included in the free version. But it offers the following characteristics (which are limited but a good place to start).
10% of sales are transaction fees.
- admin users
- Digital downloads for coaching
- Numerous students
- Website and builder integration #3 Thinkific
- With more than 32,000 bloggers, programmers, and marketers using their platform to build and host their courses, Thinkific is an industry leader.
It has a big market presence, with more than 50,000 course creators, more than 100 million courses taken, and $650 million in sales made by its users.
You can add a variety of media content formats using the platform, such as:
Surveys, Text, PDF, and Videos
Online coaching may be a very successful side business when done correctly. It has the potential to grow into a multimillion-dollar company if you can figure out how to scale it.
Amy Porterfield is among the top online tutoring business owners. She has established a multi-seven-figure online business and coaches in the field of “online marketing.”
How do you scale online coaching? Incorporate your knowledge into a product.
Here are some facts to motivate you:
- ebooks account for 30–34% of total sales.
- Every year, 300 million independently published books are sold.
- self-published novels bring about $1.25 billion each year.
- Each year, Amazon pays self-published authors $250 million in royalties.
Finishing it off
If you’re having trouble deciding on an internet side business, start with an idea that lies at the intersection of what you are good at, what you love doing, and what the world will pay you for.
Nothing happens unless you first make it, share it, and then see if it works. There are no guarantees.