Would you like to make money from something you’d do for free?
Do you have a craft that “speaks to you” and that you love sharing with others? Look at your job or business and ask yourself, Are there others who want to know more details about what I do?
Of course there is!
I like to make money and there’s nothing wrong from benefiting from the free enterprise system.
If you have a least a thousand hours of knowledge in particular area, you have enough knowledge to categorize yourself as an expert and therefore tapping into some hidden profits.
Most people who want to profit from their knowledge just jump in and try to make something out of that knowledge and skip any relevant research.
Before you start seeking to profit from your knowledge, I would still do some research on it with surveys just to check how bad the market wants your information before you’re actually start deciding before to committing.
At the very least, do some research on your target market. Do a search and find out if there are least a 50,000 hits on a major keyword search engine when looking into that particular niche keywords. If you have 50,000 or more seekers per month I’d say it’s a good volume of keyword hits.
Here are five questions to ask yourself in going further:
* Have you identified the skills you have that other people are willing to pay for? You want to find your audience. Identify that niche market and zero in.
* What type of business are you running? Will this be local or national level?
* How are you going to deliver this information? How are you going to reach them? Are you going to use social media marketing? Public speak? Joint venture partners.
* How are you going to market to these people.
* How much are you going to charge for your fees? I would say a good fee to start out is 1000.00 a day for consulting fees.
I run a personal training business and my business is to help clients for the most part lose fat and get fit.
In order to do that I need to know about exercise, nutrition and motivation. Any quality personal trainer must have certain skill sets and knowledge. If you’re a personal trainer, you can expand your profit and get handsomely paid by seeking work from local corporations by teaching them how to manage and run effective wellness programs for their employees.
For example, I may only get paid 50 to 150 per hour training clients but a corporation might pay $10,000 for a couple of days of my time. The reason why is that big companies have much deeper pockets then individuals who are paying for their own training. A company benefits from a training program on a grand scale, for example reduce active absenteeism, increase productivity, increase company morale etc.
As you can see, you can definitely have a sideline business that’s powerful enough to support or supplement your dreams and goals. It’s really not that hard if your heart and passion is behind your idea.