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Revenue Model – How Evan Makes Money


00:00:07hi I’m Evan Carmichael and in today’s

00:00:10video I wanted to answer a question for

00:00:12one of my readers Mary really like this

00:00:14one so Mary writes in hi I’m Anne I

00:00:16enjoy your articles great information

00:00:18and inspiration however I don’t

00:00:20understand how you actually earn your

00:00:22income I never bought anything from you

00:00:25and you don’t seem to be selling

00:00:26anything in your posts what do you

00:00:28actually do for a living I would

00:00:30appreciate a reply with guards Mary so

00:00:33thanks for the question Mary I have a

00:00:34hard enough time explaining to friends

00:00:36and people I meet what I do too so I’ll

00:00:38do my best here of this video how I

00:00:40started was I really like helping

00:00:43entrepreneurs that’s why I said on my

00:00:44website I started by profiling famous

00:00:47entrepreneurs and lessons that you can

00:00:48learn from them because that’s what I

00:00:50found inspiration I find it really

00:00:52helpful for me and I wanted to share

00:00:54that with other entrepreneurs I started

00:00:56doing these videos because people had a

00:00:57lot of questions and I thought other

00:00:59people could benefit from having some

00:01:01video content as well where I answered

00:01:02it so it all started around me wanting

00:01:05to help entrepreneurs that was really my

00:01:07passion and I really believe if you

00:01:09follow what you’re really passionate

00:01:10about it then you add a ton of value and

00:01:12you’re really helpful then success will

00:01:14follow you so for me how I make money

00:01:17with my site now is mostly advertising

00:01:20that sponsorship so if you click on any

00:01:22of the articles that I have on the side

00:01:24you’ll probably see an ad somewhere on

00:01:26the site also we tend to partner up with

00:01:29organizations who are trying to reach

00:01:31the entrepreneur community and they

00:01:33might sponsor a section of the website

00:01:35but I try not to be too blatant about

00:01:38that and it’s not overwhelming and I

00:01:40don’t

00:01:40you have promos and a newsletter most

00:01:43places on the website I experimented a

00:01:46lot with different business models I

00:01:47looked at the affiliate marketing model

00:01:49for a while or that’s basically what

00:01:51you’re selling somebody else’s product

00:01:53and it has a hard time getting the value

00:01:57out of that and putting my name behind

00:01:59it you know I could maybe make a lot of

00:02:01money I could pitch somebody’s probably

00:02:03say hey this is the greatest thing ever

00:02:04you know Mary I think you should buy

00:02:05this product as it’s fantastic but if I

00:02:08haven’t used it and I haven’t found

00:02:10benefit in it then I don’t want you

00:02:12buying some info product and maybe I

00:02:14make a good Commission off of it but

00:02:16then you find out that it’s a junky

00:02:18product and say oh let up as a douche

00:02:20bag for recommending it and then you’re

00:02:22never going to come back and visit my

00:02:23website and that’s not the relationship

00:02:26that I want to build so I want to try to

00:02:28promote things that I actually use and

00:02:31enjoy find value in so I didn’t have a

00:02:34lot of success with the affiliate

00:02:35marketing model I did create my own

00:02:39business planning product so I had a

00:02:41hard time finding good business plan

00:02:43products so I started my own so this is

00:02:45one product that we do sell but mostly

00:02:48my rep you comes from advertising

00:02:49sponsorship and it all started from me

00:02:52not not trying to go out and make a lot

00:02:55of money doing advertising sponsorship

00:02:56but trying to help entrepreneurs and

00:02:58answer their questions and help them

00:03:00grow their business and follow my

00:03:02passions that’s what I really enjoy so I

00:03:04hope that helps answer the question if

00:03:06you enjoyed the video please give it a

00:03:08thumbs up and also love to hear your

00:03:10thoughts and feedback if you want to

00:03:12leave a comment below the video and stay

00:03:14tuned for the next episode

00:03:25you