To do that, you have to harbor a few fundamental guiding principles in your mind. Today, if you're at all serious about generating a full-time income (and more) from your online activities, then you need to focus on passive income as opposed to active income. Sure, the active income will help you survive. That's the scarcity mentality at play. But it's the passive income ideas that will help you thrive.
25. Products – You can create your own product, such as an ebook or computer software. You would then use your blog as a promotion tool to get people to buy your product. As long as you create a legitimate product with a whole lot of value, you should be able to get some buyers, but like everything else with a blog, you’ll need the traffic to get the sells.
These endeavors aren’t without traps and challenges, though, so before we take a look at some legitimate ways to make money from your home, let’s review a few things that you should avoid. Unfortunately, if you want to earn an honest living from home, you’re also a common target of scammers, especially in these economically tough times. But if you keep these simple rules in mind, you won’t become a victim of one of the many work from home scams.
The answer to that question is really up to you, depending on your business model, and your timeline. I started off not having to spend much money, something I remember well because I had just been laid off from my job and didn’t have a lot of money to spend. With GreenExamAcadamy.com and SmartPassiveIncome.com, I didn’t spend more than $1,000 a month for the first two years of those businesses. It wasn’t until those businesses started growing significantly that I started to spend more money, and then I had the revenue to support additional costs.
But, as I said, development costs money. For the Smart Podcast Player, it’s a plugin so it requires constant validation, testing, upgrades, and a solid customer support system in place, all of which costs money. If you have a plan to do something similar for your online business, you’ll need to think about this before you even get started so your processes are covered. Read about the lessons we learned in building the player and how we validated it before launch.
(The best part is not wearing a suit and tie.) Sales agents make cold calls to businesses or customers, explaining a product or service, and leading the client through purchasing. Nearly every industry has a need for sales agents, so it takes some digging to find your work from home niche. Try adding the search keyword “telecommute” or “work from home” to your sales searches.
– Project Payday is one of those sites that has testimonials of people who have earned thousands of dollars by getting paid to get trial offers. I’m not saying you’ll earn thousands, but it is legit and you can earn some extra cash. They assume that by paying you to do a free trial, you’ll either like the product and purchase it, or forget to cancel the trial and get charged for it. If you can keep track and cancel before you get charged (if you don’t want the product), then this is a great site for making some money.
This has become a popular business model for online entrepreneurs over the past several years, and will probably just continue to grow in popularity. The best thing about selling online courses is that once you do the up-front work in creating the course and setting up your marketing strategy, you can get paid over and over again for work you do once.