I got an email today. The person wanted to start an online business, and they asked me to help them learn how to create affiliate sites. That got my thinking….
If I was starting out today, what would I do online?
What would you do? I'd love to hear your thoughts in the comments below…
If I was in a hurry, I would not create affiliate sites. With the changes in Google over the last few years, affiliate sites are no longer a quick solution for a long-term, sustainable business. They take time to build and mature and get one thing wrong, your work could wiped out overnight. Don't get me wrong, as part of a long-term strategy affiliate sites are fine, but they are not a source of instant income like they used to be.
So what would I do?
Well, I would want something that was not dependent on Google, and there are two clear winners for me – Kindle books & Udemy courses.
The great thing is, if you can do one, you can do both.
Books & courses have become a big part of my business over the last few years. Initially I concentrated heavily on Kindle books, and also learned how to make paperbacks with Createspace services. I had heard from a lot of people that paperbacks didn't sell as well as Kindle eBooks, but in my case my paperback sales actually exceed Kindle eBooks. I think it's a major difference between fiction and non-fiction, with the former being mainly an eBook seller.
At the end of last year, I started publishing courses on Udemy to diversify my business. That has really taken off too!
I recently told you about my latest Udemy course which teaches you how you can become a Udemy instructor with minimal investment. I made the first lecture of that course available to everyone, student or not. In the video I shared my earnings so far with you. I recently updated that course to include May 2015 earnings as well (see lecture 2 which is also free to view).
You can watch those lectures here:
OK, so out of Udemy and Kindle, which is the better option for you?
It's difficult to say.
I was earning more after three months with my Udemy courses than I was with Kindle, but both are excellent and if you have something to teach, I'd recommend you do both, just for diversification. One thing to bear in mind though, publishing on Kindle is more of a headache for non-US writers, for taxation reasons. I had to register with the IRS in the US, and they take a percentage of my income (albeit a small one) before I receive my money (and then I have to pay tax here in Spain as well).
So, if you are thinking of starting or expanding an online business. These are the two areas I would recommend you look into.
That link above to my Udemy course is a discount link. There are limited coupons, so if you don’t see a discount when you get there, you are too late.
So that would be my plan. What would be yours?