The key to earning more money is to implement principles the free you from the “dollars for hour” sydrome. This is where you have to work the exact hours for every dollar you make.
That’s the beauty of online business. It frees you from such “curse” and allows you to start earning recurring income from past work you have done. Get your free cheat sheet guide on how to break the “dollars for hour” sydrome and make more money online.
I am assuming that a PhD in political science means that you have done a lot of reading and have researched some real life case studies involving issues in your field. Now it is time to leverage your knowledge.
This step to making your past work pay you is by packaging your knowledge and solutions to problems in your niche (industry) into bit size/dish-able products and services such as books, courses, training/coaching services and consulting. It might sound complicated but in fact, it is very simple.
It is very similar to your teaching job so you won’t be in unexplored waters. The difference is, now you can sell and teach this same know to hundreds and thousand of people automatically online without doing any extra work.
This is a brief break down…
- Look through the major issues in your political science field. What are people (employee, employers/professionals) are seeking answers and solutions to. Which is of these problematic areas are you knowledgeable in. Do you have or know the solutions they want.
- Next step is to decide how you plan to package and present this solutions to them. In school, you do that by lecturing in class but the limitation to that method, is that you can only teach a specific number of students and you are paying according to your hours of lecture.
The internet is a different ball game. Online, you can teach more practical and specific topics to absolutely anyone (professionals, CEO, top and bottom level employee). You can teach thousands of people at the same time. You can choose your own price and all of the will pay you for the same hours of work. You work once, and they keep paying.
So choose – do you plan to put the knowledge and solutions in a book/ebook, teach it as an online course, hold webinars, do online group consulting, or any other method. You decide the one that works best for you.
- Now create the product or service that provides the knowledge or solution to the problem with high demand that you chose above. The good thing is that if you want, you could use these affiliate networks to find already existing products and services that does this and just promote them to your audience online.
- Finally, market the product or service that your created or found above to your already existing and past student, clients and contacts. Then, you create your simple wordpress site to sell the product on or you sell you on a site like amazon is it is a book or Udemy if it is a course.
From here on, all you do is send traffic to your product or service sales page. You work once, but can keep making money from it as more and more people buy it. If you are unsure as it how to set up your lucrative online business, don’t worry, I have show you how to do so here from start to finish.
I believe this answer have helped you.
Success to you.