073R | How to Make Money Online

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7 ways to make money online, plus a review of Monday's interview with Jamila Souffrant from Journey To Launch
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073R How to Make Money Online

ChooseFI Favorite: top rewards card for beginners

Chase Sapphire Preferred Card​

Looking for the best credit card to start earning travel rewards points? The Chase Sapphire Preferred is our pick. With a 50,000 point signup bonus (after spending $4,000 in the first 3 months), the $95 annual fee waived the first year, and ultra-flexible points (transfers to 13 airlines & hotels!), this is our top choice!

ChooseFI Favorite: top rewards card for beginners

Chase Sapphire Preferred Card​

Looking for the best credit card to start earning travel rewards points? The Chase Sapphire Preferred is our pick. With a 50,000 point signup bonus (after spending $4,000 in the first 3 months), the $95 annual fee waived the first year, and ultra-flexible points (transfers to 13 airlines & hotels!), this is our top choice!

A quick review of Monday’s interview with Jamila Souffrant, followed by a dive into seven ways to make money online.

What you will learn from this episode:

  • Brad is excited to have sold his house for more than asking price, after he and his family moved to a larger house, which is better for his family.
  • Is it better to rent v buy, taking into consideration taxes, closing costs, etc.?
  • Brad is headed to Nebraska to attend the Berkshire Hathaway Annual Meeting.
  • What does it mean to fail forward, as Jamilla talked about it Monday’s episode?
  • If you’re not failing, you might not be challenging yourself.
  • What considerations can help you develop and grow out of a failure?
  • How did Brad and Jonathan fail forward so far in their life?
  • Following up from episode 69R about starting a blog, how can you monetize your presence online?
  • Seven ways to make money online + a bonus:
    • Membership sites: charging a fee for access to part or all of the content on a website. Site owners have to find a way to provide value to customers.
    • Digital courses: create a course that lives online for customers to pay to access.
    • Create a product or service: marketing your preexisting business online or developing a service or product to be marketed on your site.
    • Advertising: use Google ads (or other advertisers) to put a banner on your site, from which you will receive a very small payment. Advertising is simple, but most lucrative when you have a high traffic website.
    • Sponsorship: an outside business or person will contribute money, to sponsor your site, product or services.
    • Listener/Reader Supported: consumers donate to the site if they’re finding value in the site’s content.
    • Affiliate Marketing: you refer products to consumers, and if consumers click on links or choose to purchase a product, your site earns a commission.
    • BONUS – grow your brand and watch what opens up to you.
  • Combine and overlap these methods to best interact with and monetize your site.
  • What is drop shipping and how did Brad use it to sell fire wood holders?
  • How can you find businesses and products to work as an affiliate?
  • The key to a successful online business: the purpose.
  • Why does ChooseFI opt for affiliate marketing?
  • Voicemail from Fritz at The Retirement Manifesto.

 

Resources mentioned (there's a bunch of them):

Membership Sites

Paid Courses Mentioned in the show (for which we are an affiliate)

Advertising

Listener/Reader Supported

Books

Grit

Grit: The Power of Passion and Perseverance Price: Grit: The Power of Passion and Perseverance Full Disclosure: We earn a commission if you click this link and make a purchase, at no additional cost to you.

Thinking Bets

Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts Price: $17.68 Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts Full Disclosure: We earn a commission if you click this link and make a purchase, at no additional cost to you.

 

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Thank you for being a part of the ChooseFI community!  ? If you want to support us, here are some easy ways:

1) Leave an iTunes review: http://www.choosefi.com/itunes

2) Use our page to sign up for travel credit cards

Note: We may receive a commission if you are approved for cards on this page

3) Most importantly, find your friends, coworkers, and family members who may be open to this message and tell them about the podcast! (Episode 21 is a great starting place)

As Jonathan would say, “The FIRE is spreading my friends!”

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8 thoughts on “073R | How to Make Money Online

  1. So upset I’m not still in Omaha now. Moved away from there 3 years ago. I love the BRK meetings and have attended for many years. But since we moved away we haven’t been able to make it back. Would have loved to meet up with everybody there, sounds like it is an even better meeting than any past year just because of the FI get together as well. Now that I’ve learned about travel rewards, I will try to make it work out to get there next year. Hopefully the FI meetings will continue as well. Thanks for all the great information about online income opportunities.

  2. Hi,
    I love your podcast and listen to it literally all of the time. I’d gently suggest giving credit to John Maxwell, whose book “Failing Forward” is responsible for the phrase. I loved the podcast with Jamilla, and I think she’d be the first to say she didn’t coin that phrase. Maybe you could add the book as an Amazon affiliate link (to go with the theme!).

  3. Listening to this podcast and Jonathan talks about a digital course company that can help you market your course. Is the website you to me? I can’t locate it so maybe I’m hearing it incorrectly. Can you help me figure this out?

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