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98: The Best and Worst Ways to Monetize Your Online Business
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What are your options when it comes to making money in your online business? Heather breaks down five popular monetization methods and gets real about what works (and what doesn’t!). From the unpredictability of ad revenue and sponsorships to the limitations of one-on-one services, she shares the hard-earned lessons she’s learned on her journey. Most importantly, she reveals the #1 monetization method that offers sustainable, scalable income while allowing you to do meaningful work you love.
You’ll also get a sneak peek at Heather’s upcoming free event, the Digital Products That Sell Summit, happening in early June. If you’ve been dreaming of launching a course, workshop, or membership but aren’t sure where to start, this episode will give you the clarity and confidence to move forward!
Key Takeaways:
- (02:50) Why ads are often more effort than they’re worth
- (08:10) The pros and cons of brand deals
- (12:45) How affiliate marketing works; why it shouldn’t be your main strategy
- (17:45) Why 1:1 offers are great for starting out but not ideal for long-term growth
- (19:50) Heather’s top pick for sustainable income
- (24:30) Digital Products That Sell Summit
Episodes mentioned:
#28: Lessons Learned from a Failed Business
Don’t forget to grab the FREE Teacher Biz Starter Guide!
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