If you’ve got years of experience in a hobby or educational field, then you’ll have information and knowledge that other people want or need. While you might have just been living life and slowly building up your knowledge for your own enjoyment, at some point or another, you might learn that you’ve become something of an expert in your chosen field. And while you might not have gotten into the topic as a way to make money, it could be an option. Knowledge is power, and power is money, amirite?!
So in this blog, we’re going to take a look at some options for getting the word out and building a “handsome” side-income.
Look for topics you are confident in or relates to your industry. It could be about blockchain technology for beginners if you are in the finance or investment field. Or you can share your thoughts on the future of social media and why it is changing the face of marketing as we know it. Whatever ignites your passion, share it with others and see how much of a boost it gives your profile.
Start a Blog
If you’ve got a natural talent for words, then why not look at starting a blog all about your chosen topic? Of course, this medium will lend itself to some topics more than others. For example, if you’re trying to teach people guitar online, then the written word will be of limited use. However, if you’re simply a fountain of knowledge on one subject, then a blog can be a great way to dive into all the different aspects of the subject. You don’t have to think about monetizing your blog straight away; the money will flow your way once you’ve established your expertise and built a following.
Create a Course
If you’re looking for an excellent way to build a passive income, then putting together a course could be ideal. You’ll need to do a lot of work in the beginning, but after that, you’ll find that you can simply modify the course as it’s needed. There are plenty of excellent platforms for hosting your course. It’ll be best to pick one that’s highly customizable; this kajabi review mentions the many features the platform has for creating a customized experience, for instance. Once it’s out there, you’ll just need to work on building subscribers, and from there, you can watch the money roll on.
Create a Podcast
One of the exciting things about the 21st century is that there are just so many mediums to choose from. There was a time when it seemed like podcasts were on their way out, but they’ve come back in a big way in recent years. If you know a lot about a topic and have a pleasant speaking style, then a podcast could be a good option! You can get started with minimal equipment, and it’s easy enough to edit your recordings.
Videos
If not podcasts, then what about videos? If you’ve got a smartphone, then you have a high-quality camera in your pocket. Video will be responsible for around 80% of internet traffic in the coming years, which is another way of saying that people love watching videos. Remember that people treat YouTube as a search engine, so SEO’ing your videos is super important!
Giving Talks
So far, the majority of the options we’ve mentioned have involved sharing your knowledge online in one way or another, but it’s also true that there are “real world” options, too. For instance, you could give talks/speaking engagements. This is a blossoming field that took a bit of a hit during the coronavirus pandemic, but it’ll come back soon enough. Of course, this will only work if you’re a confident public speaker!
Become an “Influencer”
Finally, we have to address becoming an influencer. First, it’s important to remember that if you’re on social media with the sole purpose of becoming an influencer, you’re going to fail. Building an influence is something that can’t be faked and even though it’s a viable career, it’s not something that you can “force”. If you become a trusted voice in the community, then the opportunities will flow your way. But remember, influencers can get a bad wrap, don’t be one of those people who add to that reputation.
Conclusion
While it’s just fine to keep your knowledge all to yourself or to simply enjoy your passion as a hobby, there’s also plenty of scope when it comes to building a side income from your expertise. It can take time to get to that level, of course, but if you’re able to plug away, then at some point, you’ll find that people are happy to pay you for all the information you have. And the exciting thing is that you can never be too sure where it’s going to lead!