Sell information for money
If you want to escape the West – which in my opinion you should, for numerous reasons – there are many great options.
I’ve covered plenty of eligible countries here on this site, such as Paraguay, the Philippines and the UAE.
All of them have advantages and disadvantages, and no country is perfect.
There are plenty of differences regarding their requirements in terms of getting a visa, permanent residence, and so on.
What all of them have in common is the fact that you need to have at least one source of location independent, international income.
This encompasses that you are not tied to any specific location in order to earn money
You can live anywhere you want and be absolutely fine (depending on how much money you make).
I’ve already covered several options of earning an international income, such as freelancing and affiliate marketing, and now I want to briefly explain how to make money selling information.
If you can sell information for money, you can do this from wherever you want, whenever you want, giving you a great amount of flexibility and mobility – something every man and woman with a clear view of what’s coming in the next few decades should aim for.
This is not an in-depth article, more of an introduction into the topic, and as time goes by I’ll include links to articles that go into much more detail on several aspects of this matter.
How to sell information for money
Selling information for money comes down to getting other people (or companies) to pay you for your knowledge.
This can be in written form, it can be communicated verbally, demonstrated, or explained through video.
The matter of how to make money selling information basically boils down to creating a product which contains the information you want to sell, and then market and sell it to your audience.
It’s as easy as that – in theory, at least.
Examples of directly selling information for money are writing an eBook and publishing it on Amazon or creating a course and putting it up on Udemy.
Another option is to indirectly make money through your information.
For example, you can create a blog or YouTube channel and make money through affiliate marketing and advertisements.
You’re technically not selling your information, but you are making money by providing it.
How to make money selling information: Step by step guide
Step 1: Create a plan
If you want to sell information for money, you have to start by finding a thorough answer to the following questions:
- What is your niche, who are you going to sell to?
Who do you want to sell your information to?
“Anyone” is a bad answer.
You need to be very specific, and target a very narrow segment of an audience.
It’s important here to never go broad, but always go deep.
What I mean by this is that you should always find a niche.
Do not try to sell information on fitness to “men”, because there are a thousand and one sources of information about this topic already.
Instead, you should go deeper, and aim your information at a specific target audience, a very narrow niche, and customize the information about the needs of this audience.
For example, it could be something like “how to lose weight as an older man who just got divorced“.
Your total audience size is much smaller, but as you are providing information aimed directly (and only) at the people in that audience, your conversion rate will be much higher, and you can even charge more money.
- What are you going to sell?
What kind of information do you have that other people would pay money for to attain?
Everyone has something they can teach others, it’s just a matter of figuring out what your valuable information is.
What you should keep in mind that it’s usually not a good idea to start from what you think a specific audience needs, and then try to force this information on them.
Instead, you should look at your target audience, and figure out which problem this niche has.
For example, if you want to sell to “older men who just got divorced“, you have to find out what this target audience is struggling with.
Can you provide a solution to this problem?
Congratulations, you’ve found a valuable piece of information that you can sell to this niche audience.
- How are you going to sell it?
Once you know what you’re going to sell and to whom, think about how you’re going to deliver this information.
The first option is to write a book (preferably an eBook), and sell it via online stores such as Amazon.
You’d have to be able to write pretty well (or hire a ghost writer), and engross yourself in how to market it well.
You can also make a course, which is typically a series of videos accompanied by written text, where you explain the topic, the problem, and how to solve it.
Perhaps you’re not into selling directly, but you still want to earn money by providing information to a niche audience?
A blog, social media or YouTube channel could be an option for you.
Step 2: Create your source of information
Once you know exactly what you’re going to sell, to whom, and where you’ll do it, the next logical step is to create your product.
If you like writing and are pretty good at it, making an eBook should be easy – depending on which niche you’ve chosen and how much of an expert you really are.
Creating a course could be trickier, because you’ll need to have a decent camera, microphone, be reasonably presentable (unless you just do voice-overs), and edit your videos.
Step 3: Market the shit out of it
You could have the greatest product in the world, you could have the solution to a problem thousands of people within a niche desperately struggle with, but none of that matters one bit if nobody knows about it.
Apart from choosing a narrow niche, marketing is probably the most important aspect of selling information.
Once you have your product, you need to spend time (and perhaps money) to market the shit out of it.
Marketing is a huge topic, and I cannot even scratch the surface here.
If you have supplementing media, such as a YouTube channel, a blog, social media, and so on, you’ve already got an audience which you can sell your product to.
Use those to get reviews for your book or course, you can offer a free copy if they give you a good review.
Why would you sell information for money?
The primary reason to sell information for money is that it gives you a source of international, location independent income.
No matter where you are, you can keep making money.
In addition, the profit margin of selling information is massive.
If you sell physical products, you can perhaps sell them for 5, 10 times the cost, but if you create information and sell it, your margin is nearly unlimited.
Your initial investment in time and money (through marketing or purchasing equipment) is often negligible compared to the constant stream of income that it can give you.
The sale of information can be scaled really well.
If you have a book about this or that, you can just have it translated and start marketing it in other countries.
And finally: selling information for money is not hard. Anyone can do it.
Even if you don’t have writing or video editing skills, you can hire someone to do this for you.
In summation, selling information for money is an excellent source of international income.
Personally, I sell information directly through eBooks, and indirectly through blogs. The latter works really well for me, because I combine it with affiliate marketing and other methods of earning money.