There's an audience for everything, whether it's making dollhouse furniture or creating organic dog food. With a specialty e-commerce store, you can reach those customers who are seeking your specific products. All you need is a web-hosting service with an integrated shopping cart feature or with e-commerce software, and your business will be operational in no time. You can even work with vendors to ship products to customers on your behalf, which means you don't need to own a lot of inventory. [See Related Story: A Small Business Guide to E-Commerce Shipping]
You know this one already. You include links to products you are promoting as an affiliate, and every time somebody buys the product, you get a commission. With a blog you can integrate advertising with content to make it even more likely you’ll get the sale. For example, you could do a product review — which is useful content — and then include a link to buy the product under an affiliate link.
Overall, the Internet itself is overflowing with one money making opportunity after another. While making money online for most people isn’t their primary source of income, it can net a very solid supplement stream of incoming dollars each month. There are some online entrepreneurs, however, that are managing to mine gold due to all the effort, persistence, and time they’ve invested in order to make that dream come true. Can one of these online money making options work for you?
Research selling prices of items similar to yours. Look up completed sales or current listings of items similar to yours. Find the high- and low-end prices, and price your object around the median price level. If you want your item to sell quickly, price it at the low end. The condition of the item also affects the price. Items in poorer condition should be priced at the lower end. Also, consider how many listings there already are of items similar to yours. If many similar items will be competing with yours, you may have to set the price lower to get the sale.
Next, you need to set up and build your YouTube channel. Your YouTube channel is your homebase for all your content. If you already have a Google account for Gmail or Google Drive, then you can use that to log-in to YouTube and start setting up your channel. Pick a username that works for you and is memorable (if you’re using an existing Google account you’ll have to edit your username in Google+).
If it’s not clear yet, information and expertise are two of the most consistent and lucrative ways to make extra money online. If you don’t like talking on the phone, you can sign up to get paid to answer professional questions on JustAnswer. There are thousands of questions being asked every month from people looking for help from lawyers, doctors, mechanics, vets, and more. To apply, you’ll need to supply your professional verification, resume, and a form of identification.
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.
Mechanical Turk: Amazon's Mechanical Turk is a resource for doing human-intelligence tasks, or as the site commonly refers to them, HITs. You get paid a very small fee for any given HIT and you'll need a good deal of volume to make a substantial amount of money. But it is a resource you can use in your spare time to generate a small income online.
During my high school days, I was a pretty decent golfer (about a 2-3 handicap, for you other golfers out there). I was asked by my local club professional if I would help him teach his junior golf clinics that summer. If you have specialized skill in any sport, there are definitely opportunities out there for teaching others the fundamentals (and getting paid).
The next payment I made for my business was in October 2008 when I had the idea to sell an ebook. To make this happen, I had to spend a little bit of money on a shopping cart service (e-junkie at the time; I later moved to Gumroad, as I describe in my free ebook Ebooks the Smart Way) that allowed me to deliver the ebook to the people who bought it. It was a flat fee of $5 per month. Different companies have different ways of setting up those pricing structures, but whatever the case may be, it doesn’t have to be a huge monthly fee to get going.
Research. You need to know what others are selling before you decide what wares you will offer. Lots of people sell handmade items, but those who work hard to make their items unique in some way are the ones who truly stand out. After you’ve decided on a product, check out the other sellers on Etsy and find what they’re offering, and then figure out how you can do it differently.
Do you love taking pictures and have a general passion for photography? If so, you could make a very nice living for yourself online selling your photos. There are countless people who are willing to pay you good money for your collection of unique images you have to offer. Today more than ever it’s super easy to submit your pics to the masses, which can provide you with a very convenient approach to creating a solid source of additional income. Several stock photo sites like Shutterstock and Fotolia offer enticing incentives for individuals to earn money passively from the photos they randomly shoot in their spare time.
Many people fancy themselves as designers. If you have a unique idea for a new product then it may be time to get it designed. This can be a long process involving prototypes, discussions with factories, package design, and much more. However, the profits once the product is on the market could be substantial. And remember, with Amazon FBA, your products can all be stored and shipped by Amazon, giving you time to think up your next invention. Learn more about Amazon FBA with my How To Start An Amazon FBA Business Guide.
In 2014, Caitlin Pyle made over $43,000 by working as a freelance proofreader…part time. When she wasn’t working, she even had time to go on several fun vacations. After she had a ton of success doing that, she decided she wanted to teach others how to do the same thing, so she started up Proofread Anywhere. Sign up for one of her free workshops to learn more about making money as a proofreader.
More and more companies and startups especially are embracing remote work—where you use online collaboration and communication tools to do your work from wherever you want. And you don’t have to be a 20-something hotshot designer or coder to reap the benefits of working remotely. Many remote positions are for customer support positions or other customer-facing positions that don’t require specialized skill sets.
Styling companies are springing up across the country and need fashion stylists to work with their clients. It’s like playing dress-up, but with a paycheck. Fashion stylists usually get their start working retail or costume design, but a love of fashion is the main requirement. With personal shopping sites like Stitchfix or Nordstrom’s Trunk Club, it’s possible to be a stylist right in your living room.
Now you’ve got many different options to start earning online. If you saw something that really interests you, try it out and learn more about it. If you’re really wanting to make a full-time income online, you need to be dedicated to learning how to do what you want to do. There are tons of free resources out there. You just have to search for them!
You can earn above average rates of return because peer-to-peer lending eliminates the bank function. That means that you participate in nearly the entire interest rate being paid by the borrower, rather than the less than 1% that you will typically earn on certificates of deposit. And you can reduce your risk by investing in slices of hundreds of different loans.
It’s an excellent opportunity to offer technical training courses that teach people how to learn a much-needed skill, or accomplish an important task. It could also prove to be an important testing ground for your educational courses. If you are able to market your course on the site, against direct competition, you may be able to direct marketing to the general public, using a website, videos, or even an affiliate marketing program.
If talking on the phone is not practical for you, you can still work a customer service job from home. Many of the same companies that hire call center agents, also hire chat agents. And in addition to these customer service chat jobs, there are other online chat jobs from home. These include answering questions, doing internet research, moderating in social media and more.
Shopify is another great option if you are wanting to create your own eCommerce store. Shopify is arguably easier to set up than WooCommerce but will give you less control over your storefront and cost you more long term. However, if you have little to no experience of creating websites or using WordPress, or you are working to a very tight time schedule, then Shopify may be the perfect eCommerce platform for you.
Did you ever guess that your obsession with Twitter or Pinterest could become a key employability skill? I know! You first start Pinterest, you think it’ll be a little harmless fun, and then you’ve got hundreds of boards with thousands of pins on DIY projects you’re never going to do and recipes you’re never going to make (sorry, real talk) – but you also understand all the lingo, know who the influencers are, and have an experienced eye for what makes an enticing Pinterest post. Maybe this same story applies, except with Facebook (you know the power of groups and how FB ads work), Twitter (you’re always up on the latest trending hashtags), or Instagram (you follow all the influencers in your niche).
Video is growing like crazy. And more and more people are looking for professional help cutting their raw footage into viral-worthy content. If you have the right software and a bit of skill, you can easily make money online as a video editor. Check out these article of Fstoppers on how to become an online video editor and then look for relevant jobs on Mandy.com, Creative Cow Job Search, or ProductionHub.
It’s possible to set up a website yourself, but unless you’re a designer or Web developer, you can expect a pretty steep learning curve. If you have the budget, consider hiring a professional to help you with some or all of the following: configuring the site to look the way you want and include the features you need; creating and inserting a logo; optimizing the site for search engines; and creating text and images.
We’ve all shopped on Amazon, and we all know that the company’s reach is far and wide. So why not get in on the action yourself? By signing up to be an Amazon Affiliate, you can earn a commission every time someone coming from your niche website purchases products on Amazon. Amazon niche websites are different than a standard affiliate website, in that the site focuses on one single type of product, like hair dryers, treadmills or microphones. Niche websites have a better chance of being found by search engines like Google and Bing, and by ecommerce storepers who know exactly what they are looking for. Although an Amazon niche website still requires some heavy lifting on the front end (buying a domain, setting up hosting, designing the site, link building and so on). Once it is up and running, you can easily duplicate the website and start earning passive income by selling a variety of products.
Manage social media for businesses. If you have a knack for social media, you could potentially get paid to manage various platforms for others. Many businesses are too busy running day-to-day operations to stay on top of their Facebook, Twitter, and Pinterest accounts – and will pay someone with the knowledge and time to do it for them. To find these jobs, ask local businesses and check sites like UpWork.com and Problogger.net.
Many work-at-home companies hire you as an independent contractor as opposed to an employee. That means you are responsible for submitting your own tax payments. Taxes won't be taken out of your check like you are probably used to. It's so important that you keep good records of your income – and expenses. I highly recommend Quickbooks Self-Employed.
Consider your expertise. If you take the time to reflect on your experiences, you will realize that you have more knowledge about which to write than you might think. Begin by listing three assets that define you, such as your profession, a special hobby or a personality trait. Next, list three things that inspire you, such as religion, education or charity. Finally, list three of your dreams, such as getting married, traveling or spending more time with your children. These three lists should give you many ideas of topics about which you can write.
Work your own hours and be your own boss. Start an online business that puts you in control of your destiny. You're only limited by your imagination but your dream online business could include an online travel agency, membership site or even a drop ship business where you could sell gift baskets, baby products and more. As with any business, you need to make sure your online business follows the law with proper business licensing and sales tax collection.
You have likely heard of subscription boxes such as Birchbox and Julep. While almost anyone can start a subscription box service, they can be incredibly labor-intensive and the profit margin usually isn’t so great for those operating on a small scale. Did you know you could start a subscription for your knowledge that’s almost pure profit? With sites like SubHub, you can offer a monthly membership offering anything from meal plans to workout plans to crocheting patterns and beyond. The sky is the limit. You do need to provide new content on a consistent schedule to keep your customers happy. But if there is something your friends are always looking to you for new ideas, you may have an easy little side business on your hands.
Every accomplishment starts with an idea. If you’re interested in starting a business, you probably already have an idea to work from, but it might still be a bit vague in your mind. Validate your idea through market research, and by looking to expand the knowledge you’ll need to apply when running and growing your business — such as by studying the industry and reflecting on the personal experiences of yourself and others when dealing with businesses in the industry in question. This will help you figure out how you’re going to differentiate your business from others.
While many people are in a rush to complete goals they set for themselves at the beginning of the year, I’m looking forward to new and innovative ways to add more money to my bottom line come next year. Lucky for us, there is never a shortage of new money-making apps and ideas coming online. And, working from home is becoming even more accepted and commonplace than it has been in years past.
Survey Junkie is among the most straightforward survey sites out there, which puts them at the top of this list. All you have to do is sign up to be eligible for surveys. Once you complete a survey you earn a certain amount of points that you can exchange for cash paid directly to a PayPal account or you can redeem your points for gift cards. Super simple.
Modern technology has enabled entrepreneurs to do their work from almost anywhere. In fact, many companies operate in a wholly digital environment, lowering overhead costs and offering freedom to entrepreneurs who want to conduct business on the move. Creating an online business is simply a matter of focusing on your strengths and expanding your network. Here are 12 great online business ideas to get you started.
One of the most important internet marketing strategies is to develop every customer's lifetime value. At least 36 percent of people who have purchased from you once will buy from you again if you follow up with them. Closing that first sale is by far the most difficult part--not to mention the most expensive. So use back-end selling and upselling to get them to buy again:
Best of all, unlike a brick-and-mortar business, you don’t need a lot of startup capital. In fact, you can get many internet businesses up and running with no money at all because so many free services facilitate the possibility. For example, you can set up a website or blog for free using WordPress. Or you can leverage a third-party site like Amazon or eBay to sell goods. You use their selling platform in exchange for giving them a cut of your sales.
If you're a crafter, the internet is your showcase — and not only at auction sites like eBay. DeWitt Young of ObviousFront.etsy.com has had success turning her crafts into cash online. She has a booth at Etsy.com's Craft Mall, an amazing place where thousands of artisans and crafters offer their goods for sale. DeWitt turns salvaged parts from old TVs and VCRs into artsy necklaces, earrings, and figures. Colleen Jordan of wearableplanter uses 3D printing to create her necklaces called wearable planters.
Online savings accounts usually come with crazy good interest rates to help you grow your money faster (regular in-person banks can’t offer rates as high). We’re fans of CIT Bank and Discover Bank (among others) because their interest rates are often over 25 times the national average. That means the money in your savings account will grow 25 times faster than the pace it’s most likely growing at now. Really, though, you can’t go wrong with pretty much any online savings account that offers over 1.50% APY 🙂