Today, I’m busting out the blueprints.
Here’s a shocking reality:
The messages flying around your head are worth money.
Yup. You heard me. It’s true.
You can actually get paid for your thoughts and I’m gonna break it down.
Just for you.
🥇 First Things First
Why the heck would anyone just give us money? I mean, really. Why?
Maybe, it's because you presented some sort of value to them (that’s pretty much how it works). So, here’s what we know. We must provide value for people to pay us.
For digital writers like ourselves, that could be:
- Affiliate marketing
The list goes on.
But what if we wanted to keep it simple? What if we just wanted to make $1,000 a month? I’ll show you what that looks like.
I bet it’s simpler than you think.
🗣 Affiliate Marketing
Here’s a sick strategy for you audience cultivators out there.
If you've built (or are building) a following, affiliate marketing might go beast mode for you. Here’s the deal. You can sell people's products and make money in commission.
It’s a win-win for everyone.
Let’s say you’re selling someone's $1,000 cohort-based course. You’ll earn a 50% commission for every sale. That means you only need to convince 2 people to join.
That’s almost nothing if you have a large audience. Run a few of these at once? You can easily scale to $1,000 monthly.
An audience makes affiliate marketing an obvious option.
For a newsletter, the monetization process is simple.
Here it is: Pay me a monthly fee and I send you a certain amount of emails.
For simplicity’s sake, let’s say you put out a weekly newsletter for $10 a month. That’s pretty standard these days. It’s perfect.
To hit $1,000 a month, you need 100 members. ($10 x 100 = $1,000).
That’s not too difficult. But what can you send that’s worth $10? It depends.
You gotta find a niche with a need.
For example, maybe you want to target doctors working in high-stress environments. Here's what I would do: Send out a weekly newsletter called "Stress Relief Saturday". Has a nice ring to it.
Every week, you send an empty template so they can fill it out and wind down for the weekend.
It's just an idea (you’d be surprised what people will pay for these days).
You’re not selling a newsletter for doctors. You’re selling a “stress-free weekend.”
See what I did there? I sold the result. The experience.
Go try for yourself…
Do have lots of knowledge on a specific topic?
There might be a group of people that align with you. That's what's called a niche. I'm sure you've heard the word. I'll let you in on a little fun fact.
I just did this (and if you're here, you probably knew that as well).
When I first started publishing online, I chose Medium.com. I actually managed to earn a quick pretty penny, so I wrote an eBook teaching others.
You can check it out on my website if you want (shameless plug time).
How to make money on Medium.com!
Here’s the gist:
If you know a lot about a little, teach someone who's behind you in the process! Just a couple of steps, nothing crazy. That's all you need.
In terms of monetization, take my eBook for example. It costs $20 (and will give you the opportunity to earn a whole lot more than that, but I'll do you a favor and shut up now).
How many do I need to sell for $1,000 a month?
When you really break it down, it is so much simpler...
Software as a service.
That’s what it stands for. As a creator, this might be the ultimate option when it comes to monetizing your ideas. A few of my favorite examples?
Tweet Hunter. Hypefury. Typeshare.
3 different SaaS products, 1 common mission. They all try to make it easier for creators and internet entrepreneurs to make and schedule content. Brilliant.
Here’s the sickest part about SaaS products:
They run 24/7 after you build them.
Of course, it’s a lot of work up front, but quite lucrative in the long run. Let’s go ahead and dissect this epic stream of monthly recurring revenue (MRR).
Say you build a SaaS product and it costs $50 per month. Nice job!
All you need to do is convince 20 people to hit $1,000 a month.
Starting to sound a bit easier, right? 20 people. If you have 1,000 followers on social media, you don’t think you could convince 20 of them to try it out?
When you change your perspective it can show you what’s truly possible.
SaaS is a great option to earn $1,000 a month. Or more (a lot more)!
🎁 In Summary
How to make $1,000 a month writing, and monetizing your creativity:
- Newsletter: $10 a month x 100 people = $1,000/mo.
- SaaS: $50 a month x 20 people = $1,000/mo.
- eBook: $25 per copy x 40 people = $1,000/mo.
- Affiliate marketing: $1,000 sale x 50% commission x 2 people = $1,000/mo.
I could go on and on about these methods to earn.
The important part is that you take action and give it a shot.
Pick one, stick with it, and WIN.