Does this take a lot of work? Yes – and while you might not see it – typically the money is made on lower dollar items. What most people are not telling you is that only the few are rising to the top! What I mean is – you need a HUGE mailing list and a big following to make money here.
If you want to make $50,000 with a $100 product you will need to sell 500 of your item. Doesn’t seem bad right?
Let’s break it down a little more. With a 10% conversion (with is pretty high!) you will need to have to be in front of 10,000, consistently. This is without any advertising costs, team members, anything. Whew. It’s a big undertaking right out of the gate.
SO many women in corporate want to do. I have done this. Let’s think of it this way – a book for you is a great BUSINESS card. Typically a book’s money isn’t made from sales, it is actually the tour, the speaking engagements and everything that comes with it. I hear from corporate women all day long that you are interested in doing this, that you want to write a book about your knowledge and experience – I get it! I was right there with you – but know that isn’t going to be your path to replacing income. It is a great path to getting your name out there so people connect quickly.
Do you love getting out in public and wowing a crowd? There is great money in this if you are good at it! If you like PR, love getting out in the public eye and are REALLY good at it, you can pull in tens of thousands of dollars doing this. Just know you will have to hustle to build your platform and be known in this field.
Selling someone’s products. There is great money in this. You can sell, recommend, and make money through someone else products by various streams of media. Do I recommend it as your only source of income (or even the way you leave corporate)? No – I don’t.
This used to be this big game a few years ago. Is it the same now? Not so much – things have shifted now. It is hard to get into but that does not mean you cannot jump in if you are ready to work and realize you are in for the long haul. Are you a connector? Are you good at sponsorships and know how to work those deals? This might be right for you. Is this the fastest route? Not likely.
Maybe the most fun! (I am bias – Love our Firefighter Wife Line!) Amazon and Shopify are amazing platforms that are easy to work with and just about anyone can set up, create, and start selling within 24 hours. How incredible is that? Does that mean you will make enough money to leave your job in 24 hours? No – but you can begin the process. You need more capital here – this is a longer process and one that should be fueled with passion. You will be surrounded by your product!
My number one recommendation! This can be anything from a Virtual Assistant, Web Designer, Bookkeeper, etc. There are so many options and skills that are needed throughout the world. A client service based business is where you can take your skills from the corporate world and shift them into a marketable offer that allows you to work virtually!