And while it will take time to build up a big-enough audience to attract advertisers and other ways to make extra income from your podcast, the opportunity is there. John Lee Dumas interviews entrepreneurs seven days a week for his podcast Entrepreneur on Fire and now makes more than $200,000 a month from it. In fact, John publishes all his income online and showed that he’s made almost $13 million since launching in 2012.
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Two questions: 1). Can I make any money off the “starter kit”? Yes or no, please. I’ve seen others ask this question and the (non)answers are always the same. No one has ever come right out and said ‘Yes. You can absolutely make money once you get your website set up and start getting traffic!’ Or ‘No. The free stuff just gets you set up. You have to join and pay us 49 bucks faithfully every month before you can get any clickable links from us. Most answer this question by providing you with a link to sign up. In other words. I can dance around you and dazzle you with bullshit forever, but I will not give you an answer until you spent weeks—May, months—tooling around trying to figure it all out, just to realize that no, you don’t earn a single dime until you ante up, because hey, ya gotta spend money to make money, right?? And, besides, why would I train you to be my competitor, hand you the Keys To The Kingdom, give you a piece of MY pie, for nothing? That’s just not a good business model. For me, anyway.’
Better yet, you can even upload your own book to one of the world’s largest book sellers: Amazon. With Amazon self-publishing, you set the price, retain the rights to your book, and get access to Amazon’s massive audience. For every sale, you keep 70% with Amazon taking the remainder as a fee. If you want to get started, check out Leslie Samuel's great guide to selling eBooks online or follow Tara Gentile on CreativeLive as she shows you how to use your existing body of work to write an eBook within the next week. Who knows, you might just write one of the best business books of this year!
This is the bait-and-switch that Wealthy Affiliate pulls on new members. It is called WEALTHY Affiliate, wealthy being a synonym of RICH. So, everyone who signs up is indeed hoping to be shown how to make a lot of money, then they get told: sorry, don’t expect to get rich any time soon. It’s kind of like signing up to Weight Watchers and then being told, “It’s going to take you ages to lose weight. You’ll probably stay overweight for a long time. But since you’re here, why don’t you pass the time by chatting to the other overweight people.”