Recording Your Work. If you’ve already written a book, you can leverage an entirely new revenue stream by turning it into an audiobook. It doesn’t have to be your voice on the recording. In fact, unless you have voice acting or radio experience, it’s better to hire a trained voice actor. Reputable platforms like ACX typically have low production costs and innovative royalty-sharing arrangements that maximize rights-holders’ (writers’) income potential. Check Publishers Weekly for a list of platform options.
One thing I am guilty of is finding one thing I like and sticking to it without ever trying anything new. I’ve caught myself doing this with cash back apps over the past year or so. I used to exclusively use Rakuten because it was easy and usually got me cash back, but now I make a point to do a quick “comparison shop” between cash back tools to make sure I am getting the best deal available.
Need more ideas on how to make money online? Another strategy is using webinars to market your product, service, or course. I’ve done webinars to promote my financial planning practice and to drum up interest in my online course for financial advisors. With a webinar, you’re basically offering a lot of tips and advice for free — usually in a live format. At the end though, you pitch your paid product or service with the goal of securing a few deals.