ENGINEERS START HERE

WHAT IS PASSIVE SIDE INCOME?

Passive Income refers to money that is made by your business, a business that continues to earn money even when you're not actively spending time working on it.

A Passive Side Income refers to a passive income that can be created while you are still working full-time, and can eventually replace your main source of income.  Dreamy right?!

HOW CAN I MAKE SIDE INCOME ONLINE?

The are countless opportunities for you can make passive side incomes.  The Engineering Hustle will focus on the 6 most common methods that online entrepreneurs use.

E-LEARNING

The popularity of online self-paced, as well as guided learning, has exploded in recent years in an industry estimated to be worth over $150 billion globally.

E-learning products could include things such Ebooks, Online courses, Webinars and podcasts.

You can teach virtually anything online, from handyman skills through to sleeping (not kidding).

AD REVENUE/SPONSORSHIP

For websites and blogs that receive large amounts of viewers, online advertising becomes a viable option.  

Google Adsense and other advertising platforms allow you to monetise your traffic easily.  These platforms control the adverts that are shown to your web visitors.

With sponsorships, you can negotiate advertising deals directly with individual companies, and control what's shown to your visitors.

DROPSHIPPING

Dropshipping occurs when you sell a product to a customer, without actually holding any physical stock.

When a customer purchases the product on your website, you would automatically buy that product from a wholesaler and they would ship that product directly to your customer.

AFFILIATE SALES

Affiliate sales occur when your website refers a person to your partner's online product and if that person buys the product, then your partner pays you a commission.  

Partners could include any online business from your local magic shop to Amazon.

RECURRING MEMBERSHIPS

Recurring membership websites are the holy grail of passive income for online entrepreneurs.  

Customers pay you a recurring fee to have access to your website, which would provide resources, educational materials, a community or a combination of all three.

E-COMMERCE SALES

You've probably heard of people making small fortunes selling on Ebay, Amazon, and Etsy.  You can buy and sell digital and physical products online.

These platforms make it easy for you to find customers if you have a product that people want.


DON'T THINK THIS IS EASY

Let's be 100% clear.

Passive side incomes are NOT "Get Rich Quick" schemes or silver bullets for your problems.

You are creating a real business that can make REAL money, but it's not an overnight thing.  

Anyone who tells you otherwise is just trying to scam you.

I want to help you create an ethical online business that will help you achieve whatever goals you need.

If you're prepared to be committed to working hard and pushing through the difficult bits upfront, then you'll be able to reap the rewards later. 


DO YOU NEED A WEBSITE? ABSOLUTELY!

As an online entrepreneur, it is essential that you have a website that you can use to tell your story, build your brand and sell your products.

There are plenty of free platforms to build a website like Blogger, Tumblr, and Wordpress.com but I don't recommend that you use them. 

Building your business on some else's platform means you don't have any ultimate control.

​In an extreme case, if they closed tomorrow, so would your business.

I recommend that you use Wordpress (not Wordpress.com).  I know it can get a little confusing, so let me explain.

Wordpress is the software that can be downloaded from Wordpress.org which allows you to run your own website.  You can install this software on your own web server and have full control.

Wordpress.com however, is a web business that has Wordpress installed on their servers and they allow you to access the software.  You have limited control on what you can do at Wordpress.com.

The 4 key elements you'll need for your online business will be:

  • Registered domain name (e.g. theengineeringhustle.com)
  • Web server to host your website
  • Wordpress software installed on your web server to run your website
  • Email service provider to manage your mailing list

1. DOMAIN NAME

Getting the right domain name for your business is important.  

Check that the domain name is available.  Try to get a .COM domain if at all possible.

You can check for available domains using Godaddy.com

Your domain name will need to be registered with a domain name registrar such as Godaddy

Godaddy is the worlds largest domain name registrar with over 14 million customers.


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2. WEB HOSTING

A web host is a company that owns and maintains the web servers that you use.

A web server is a computer that connects to the internet and where you will store all the software, files, and data for your website.

It's important that you use a reliable web host as you'll be relying on them to keep you online.

I've always Glowhost and trust them with my livelihood.

Glowhost's 24/7 support and average ticket response time average of less than 20 minutes is unmatched anywhere.


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3. WORDPRESS + THEMES

Wordpress is free.  Your web host will usually have an option for you to install it.

You will need to choose a Wordpress theme for your website.  Several free ones that come with Wordpress and of course you can purchase premium themes that will give you many more options and visual tools to customize your website however you wish.

I use Thrive Themes and Divi Themes for my own websites.  

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4. EMAIL SERVICE PROVIDER

When creating an online business, it is ESSENTIAL that you start building your mailing as soon as possible.

In order to collect email addresses from your website, sent automatic emails to subscribers and manage more complicated email communications, you're going to need an email service provider. 

Convertkit makes building your mailing list easy.  It was built to be setup easily and run by one-man companies, without the headaches of larger complex systems.


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TBC


WHAT NEXT?

As a risk averse engineer, I know how scary it is to try something different.  Something that we were never taught about in school or university.

But what if there are formulas and blueprints that successful entrepreneurs have tried, tested and honed?

I'm not talking witchcraft or trying to sell you snake oil here.

Take some time, read the blog articles and listen to the podcast interviews.

Learn a bit and and jump in when you're ready.  Just make sure you start.

Don't procrastinate for too long though.  You've done enough of that already.

I also email exclusive content each month to help you stay focused and moving forward.  

It takes focus and hard work to build a business and it's important that you're rewarded for your commitment to stick with it.

You can get immediate access by clicking below.  It's completely FREE.

Thank you... seriously.

After years of being on the internet, the best lessons that I've learnt have been from entrepreneurs who have taken the time and made the effort to give real value without expecting anything in return.

I want to pay that forward.  I want to hear about what you're struggling with and I want to know how I can help you get started on your own online business.

By helping each other, we can all grow together. 

​I want to thank you for being here and for making the effort.

Let's engineer your side income.​