If you want to make money online as a content creator, then it’s vital that you know about the four legs of the financial chair.

The first leg of the financial chair — we’re all familiar with that — is us working for money.

The second leg of the financial chair — we’ve been told about that — is to take part of the money that we earn, set it aside, and earn compound interest with it.

The Most Important Leg — Selling Your Own Product

➤ The third leg of the financial chair is probably the most important.

This is having something to sell online yourself — your own information product.

When we have the third leg of the financial chair in place, we have us working for us, we have a little bit of our money working for us, and we have our content working for us.

The Magic Fourth Leg — Leveraging Your Audience

But the fourth leg of the financial chair is a big magic one. This is when our audience is also working for us.

If you have an information product that has a referral program that pays people for promoting your program, then you’re in a position to:

➤ 1.) work for yourself,

➤ 2.) your money is working for you,

➤ 3.) your content is working for you, and

➤ 4.) your audience is working for you.

Where to Start as a New Content Creator

If you’re just starting out as a content creator, then maybe all you have is time to put in.

So, what should you work on first?

I’d recommend that you work on the third leg of your financial chair and get your information product in place with a referral program so that other people can work for you.

Then, spend all of your time making content and put a little bit of your extra money aside so that it works for you while you’re doing something else.