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	<title>Web Business Labs</title>
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	<link>https://webbusinesslabs.com</link>
	<description>Online Products, Services, Sales and Marketing</description>
	<lastBuildDate>Mon, 23 Oct 2023 19:55:31 +0000</lastBuildDate>
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		<title>Starting The Digital Revenue Journey</title>
		<link>https://webbusinesslabs.com/starting-the-digital-revenue-journey/</link>
		
		<dc:creator><![CDATA[4bh1nav]]></dc:creator>
		<pubDate>Mon, 23 Oct 2023 19:55:31 +0000</pubDate>
				<category><![CDATA[Online Business]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[Getting Started]]></category>
		<category><![CDATA[Idea To Income]]></category>
		<category><![CDATA[Second Income]]></category>
		<category><![CDATA[Side Hustle]]></category>
		<guid isPermaLink="false">https://webbusinesslabs.com/?p=1396</guid>

					<description><![CDATA[There is an absolute ton of information out there about earning money online, creating digital revenue, starting a side hustle, and topping up your current income with online and more&#8230;]]></description>
										<content:encoded><![CDATA[<p>There is an absolute ton of information out there about earning money online, creating digital revenue, starting a side hustle, and topping up your current income with online and more passive products or services.</p>
<p>There are a hell of a lot of scams out there but there are a few absolute gems too.</p>
<p>As someone who works full-time and does some occasional freelance work, I have never really given myself a chance to start exploring these options, but it has been on my mind for a very long time.</p>
<p>But even I &#8211; with nearly 15 years of working in the digital and online space &#8211; can look at everything and feel entirely overwhelmed.</p>
<p>But what does sometimes help me is to write and log what I&#8217;m doing. It helps me gather my thoughts, lay out a plan, have some accountability and stops me from getting paralysed by overwhelm.</p>
<p>So that&#8217;s what we&#8217;re doing here.</p>
<h2>What Digital Revenue Options Are There?</h2>
<p>Part of the reason I have struggled to get started is the sheer number of options out there, and wanting to learn all of them and do all of them at the same time. I feel like I can eventually get to the stage of being able to test or play around with all of them &#8211; and share my experiences &#8211; but not simultaneously.</p>
<p>But what are the digital revenue/side hustle/second income/choose your own descriptor models we&#8217;re looking at?</p>
<p>Well&#8230;</p>
<ol>
<li><strong>Print on demand</strong> &#8211; where you design products or goods, list them on your website or another shopping platform (like Etsy), and when a customer buys from you, you have a fulfilment supplier that prints and ships the goods directly to the customer</li>
<li><strong>Dropshipping</strong> &#8211; similar to the above, but it doesn&#8217;t involve goods that require any printing. In this case, they&#8217;re already made and ready to go</li>
<li><strong>KDP</strong> &#8211; Kindle Direct Publishing. Put very simply, this is where you upload book templates to Amazon, and when someone purchases, Amazon takes care of the printing and shipping and you earn a commission.</li>
<li><strong>Printable and digital products</strong> &#8211; things like digital planners, invitations, clip art, and online templates</li>
<li><strong>Affiliate marketing</strong> &#8211; Basically you recommend products and when someone purchases through your link, you get a commission</li>
<li><strong>Courses and membership sites</strong> &#8211; Have an area of expertise that you package your knowledge into a course on? This would be an option for how to sell it.</li>
<li><strong>Virtual or online services</strong> &#8211; Basically time for money for a service you provide. I do this as part of my freelance website management work.</li>
<li><strong>Info products/digital downloads</strong> &#8211; Similar to courses, except info products tend to be lower priced and one-off purchases (usually), but you can use the term interchangeably.</li>
<li><strong>SaaS</strong> &#8211; software as a service. If you know how to build or at least white-label an app or software, you can sell that software and charge your own customers directly.</li>
<li><strong>Coaching or consulting</strong> &#8211; Someone pays you for your knowledge. Pretty much what online personal trainers do.</li>
<li><strong>Paid newsletter</strong> &#8211; Exactly what it says in the title. People pay a subscription, typically monthly or yearly, for a newsletter from you. This will typically be delivered by email, but I have seen some businesses do a physical printed one.</li>
<li><strong>e-Commerce</strong> &#8211; Basically running an online store and physically shipping goods to customers (usually)</li>
<li><strong>Advertising</strong> &#8211; If you run a high-traffic blog, YouTube channel, podcast, or social media account, this will mean getting paid by other businesses to advertise their products or services. Arguably, this is what most &#8220;influencers&#8221; tend to do.</li>
</ol>
<h2>So What Will I Be Trying?</h2>
<p>At some point, I will be trying all of the above. 100%. I am less keen on courses because it is a lot of work to put in to not even know if it will sell well. So maybe not that one. But the others, definitely yes.</p>
<p>But unsurprisingly I don&#8217;t have the bandwidth to do all of them at the same time.</p>
<p>So I am starting with one. Ok, maybe two or three. But definitely not all.</p>
<p>I am definitely starting with KDP and I will look at digital products and print-on-demand alongside it.</p>
<p>The benefit of all of them is that:</p>
<ul>
<li>They are scalable without me needing to trade time.</li>
<li>They have a low start-up cost &#8211; almost nothing.</li>
<li>They are relatively simple for where I&#8217;m at with my technical skill level.</li>
</ul>
<p>So that is what I will be starting with and I&#8217;ll share updated and tips as we go.</p>
<p>But the most important thing is to start, and that is what I am doing now.</p>
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