Anyone interested in making money online should be pursuing passive income, while also working on active income. There are loads of ways to generate an income passively on the internet, many of which start at the foundation of having a blog, generating substantial traffic and building an audience and a list. Is it easy? Nope. Is it worth it? It sure is. But that doesn't mean you need to start a blog to make money online today.
I didn’t collect an email list when I built GreenExamAcademy.com or when I started SmartPassiveIncome.com in 2008. That was a huge mistake. It does cost money to build an email list, but it’s worth every penny. I recommend using ConvertKit for this. They have really good pricing, and you pay more as you grow. By far, it’s the best service out there. On SPI TV Ep. 28, I did a full ConvertKit demo you can check out if you’re interested! [Full Disclosure: I’m a compensated advisor and an affiliate for ConvertKit.]
This is similar in concept to micro-tasks, except that it is oriented toward specific services, such as cleaning services, pest inspection, handyman services, house cleaning, lawn & garden services or any of the skilled trades. It might actually be more accurate to say that it is a platform where skilled service providers can offer their services to site visitors, similar to Angie’s List.
If my piece of content is so unique and valuable around hiking backpack recommendations, that other reputable outdoor websites are willing to link to it and build the page’s authority, then I’d have a very real opportunity to rank high in organic search for these search terms (meaning, my page will come up first when someone searches for hiking backpacks).
Again, if your blog has a large reader base, then businesses may be interested in paying you to review their services or products. Not only will you get a free trial using whatever these businesses are selling, but you will also get a fee for writing them a review and posting it to your site. Paid reviews (and other paid and sponsored content) can be big money, so advertise this service on your contact page to generate business.
If you have a good idea for an app, and the skills to create it, then producing your own premium app can be profitable. However, with so many free apps available, it may be hard to convince people to pay. If you want to go down the premium app route, consider having a basic free version to encourage people to download the app in the first place. You can then provide the option of upgrading to a premium plan once users realize how useful the app is.
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.
Speaking of teaching, even if you don’t have a teaching degree or current certificate, you may be able to make money teaching English online. This is a great side gig for those working a full-time job. The scheduling is flexible and you can work in the early morning, evenings and on weekends. And the pay is pretty good, too! Some ESL tutors are paid up to $21 per 40-minute class. A few companies to consider:
If you have previous experience as a computer programmer or have skills in this field, then there is plenty of work you can pick up as a freelancer. If lack of confidence is holding you back, then Free Code Camp is an excellent way to get your foot in the coding door. This organization provides free courses where you will build real-life apps and programs, giving you experience and plenty to add to your CV.
For sure! I think that’s something Jeff and I have learned rather quickly is to definitely not put all your eggs in one basket. We had 1-2 affiliates that we promoted for the longest time that were by and large our main sources of income. We realized that if we lost even 1 of those affiliates we would be in for a huge world of hurt when it came to our monthly intake.
Offer to watch children or pets. If you know anyone who has children or pets, you could easily begin a side gig as a babysitter or pet sitter. To let people know you’re interested, send out a group email describing your services, post an ad on Facebook, or tell friends and acquaintances about your availability in person or over the phone. You can also create a profile on a babysitting referral site like Care.com.
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.
As far as the work itself, there’s a good chance you’ll need a virtual private network (VPN) to safely connect to your company’s system, as well as some measure of organizational skills (tip: you can use organizational tools, like Trello) to make sure you’re on top of current projects. The payoff for full-time computer programmers is lucrative, and the average annual salary is over $60,000 according to Payscale.com.
If you have an eye for design and some experience of creating websites, then you could offer your services as a freelance web designer. You will need to create your own stylish website and have a few other projects that you can show potential clients to demonstrate your skills. You will also need to initially spend time emailing businesses to promote your services and find work.
Tutors are in high demand whether it’s online or offline. Therefore, if you’ve got a brain and like helping others use theirs, become an e-teacher to earn an extra income in your spare time. The only thing you require is to be proficient in your area of expertise and be willing to give up a few hours each week to help someone else. Sites like Tutor.com and TutorVista are places you can sign up with and build a good reputation over time as a coach. If you’re really good, you can conduct lectures, seminars, or webinars that are transmitted online. University and college students are always willing to pay money to gain access into highly-respected online webinars.
Bulk Selling: For all practical purposes, you can sell as many items as you like on Decluttr. If you reach the 500-item-per-order limit, just start a new order. This is a big advantage for folks staring down huge boxes of old DVDs, CDs, and textbooks. And it’s a distinct competitive edge on retail trade-in platforms, which may require users to enter their items one at a time.
Ask for a raise. If you’re unhappy with your compensation at your 9-5 job, asking for a raise is one way to beef up your bank account. Most employers offer an annual review of your work – which could be the perfect time to negotiate a higher salary or ask for better perks. If your employer doesn’t offer such an opportunity, it might be time to initiate a review yourself.
Once you have that problem or need nailed, the next step is to validate that idea and make sure you’ve actually got customers who will pay for it. This means building a minimum viable product, getting objective feedback from real customers, incorporating updates, testing the market for demand, and getting pricing feedback to ensure there’s enough of a margin between your costs and what consumers are willing to pay.
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Service. Another key aspect of successful B&Bs is the level of service that the hosts provide. You’re not just offering room and board, but an experience. If they need help planning a day seeing the sites, offer to sit down with them and help them plan their itinerary. If a businessperson needs copies for a presentation, offer to go and make them. Remember, your job as host will be to make your guests’ stays as comfortable and pleasurable as possible. If you succeed, they’ll remember you the next time they travel through your town.
(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.
Blogging is something that requires patience, persistence and discipline. It may mean writing everyday for over a year before you really start to see any money from it. There are exceptions to the rule, but from my dealings with other bloggers, it seems to be pretty common to spend one or even two years building your blog, your brand and your authority, before making any serious amount of money.
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.
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.
Nathan Barry on bootstrapping ConvertKit: I’m a huge proponent of ConvertKit (and now an affiliate and compensated advisor). It’s user friendly, powerful, and an all-around great product. But one cherry on top is its origin story, in which Nathan Barry took it upon himself to create ConvertKit without any venture funding or any upfront capital. It’s fascinating and awesome!
VIPKID provides an international learning experience to children in China between the ages 4-12. Headquartered in Beijing, the company offers fully immersive one-on-one English language instruction provided online by highly qualified teachers. The curriculum is based on the U.S. Common Core State Standards and uses a flipped-classroom approach to foster creativity and critical thinking skills.