Not necessarily new, but definitely a great opportunity! Jen Henson was a teacher in Ohio when she was approached by her principal to tutor an athlete preparing for ACT testing. He had a full ride offer from a college but need the test scores to seal the deal. After hearing about the results Jen was able to help this student achieve, he’s in the NFL today, she started being approached by other coaches.
Back at the beginning of this post, I mentioned how easy online side businesses can be due to how easy and accessible technology is. The truth is, there is really no excuse not to be making some side income from home via an online business. If you want to, you can. These are just six examples; there are dozens of other ideas and online businesses that you could start tomorrow. Why not wake up an hour earlier tomorrow to get the ball rolling?
It’s important to consider all of this before starting. In a way, you’d be working backwards from your end goal (to create a successful business) to before you even start. By doing so, you’re making sure all your bases are covered so you don’t have a surprise like I did with my WordPress plugins. And, perhaps most importantly, by doing this, you’ll soon realize if your business idea is something that truly aligns with what you’re actually trying to do in your life. If it’s not, you at least have the knowledge to make adjustments or try something else.
Have an extra room in the house? Try renting it out on Airbnb.com. According to Smart Asset, you can pay up to 81% of your rent by listing one room in a two-bedroom home. If you're really looking to ring in the cash, renting out a private home or apartment is the way to go. According to Smart Asset's findings, rates for full apartments are significantly higher than those for just rooms, with annual profits ranging from $15,000 to $31,000 for a two-bedroom apartment.
Becoming a real estate agent and earning your real estate license not only means you can work from the comfort of your living room, but you are also your own boss. Earning a license doesn’t mean you have to start as an agent; coordinators are licensed and versed in all legal matters relating to buying and selling. Coordinators work with vendors, agents, and lenders and arrange property showings and deals.
Choose your niche and check for demand: The golden course combination is when you can find an in-demand niche that aligns with your skills and unique experiences. A great way to do this is to use Google Trends and Google’s Keyword Planner to look for average monthly search volume for keywords related to your proposed course content. Are people actively looking for high-quality information about this subject? Of course, if you’re already creating content for a blog, coaching service, or a site like Medium, you can test demand this way for free just like Bryan did.
As far as Poker goes (at least for Texas Hold’em), I’d recommend sitting at a low stakes table (1/2 no-limit is the lowest most places have) and merely being observant/make casual conversation at the table for a while until you feel comfortable. If you’ve never played, just tell the dealer and they’ll be happy to help you out (most players will notice if you haven’t played before anyways so you’re not really at a loss there). Just play “tight” (a small range of strong starting hands) and that’s a pretty good place to start!
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.
Be professional. When you submit a résumé, don’t type it in ALL CAPS and please don’t avoid the caps lock like the plague. Know how to use it without looking incompetent. Write in complete sentences with proper grammar. Of course, there will be exceptions, but even with the exceptions, you must keep it professional. You’re building their view of you.
In 2010, I made one of the biggest mistakes of my entrepreneurial journey. I had paid a developer a large sum of money to develop a couple of WordPress plugins I had ideas for. I had seen others successfully create and sell WordPress plugins, and I wanted in on it. But the problem was that I rushed into it. I made the mistake of chasing the money, and didn’t actually validate the idea, or consider who the plugin was for. The result? Nobody wanted them. I didn’t even sell one. I spent $15,000 to get the plugins developed, and they didn’t go anywhere.
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:
A website helps your business stand out from competitors and gives you far more control than you'd have competing on a large marketplace with other sellers. With your own website, you can define your own store policies, show off your products to their best advantage and take payment in the ways that you and your customers prefer. Your website will also become the central hub for your social media and marketing efforts. In today's world a website is truly essential, but don't worry; it's easy to create a website for your business and optimize it to build and grow your brand.
There's nothing more off-putting than a poorly designed website, and often, it kills credibility. If you know HTML and have a good eye for design, you can launch a service to create attractive, easy-to-use websites for small businesses. Put your skills to good use for business owners who want to take their online presence to the next level. Build a comprehensive portfolio, and then create your own website to show it off and attract a steady stream of clients.
I may as well start with something I know well. When I started out as a freelance writer 20 years ago, things were very different. I wrote mostly for magazines, and I had to rely on snail mail to send out drafts and queries. I’d wait weeks for a response from my editors. Not many people had the patience for it, and few stuck around long enough to ever start earning a real income from it.
For a deeper look into this idea, I recommend checking out the case study in Will It Fly? on Noah Kagan, who is really detailed and transparent about starting his business. He validated a beef jerky subscription company (yum!), which proved to be a unique and inspiring example of determining the costs of items before starting a business. He didn’t pay for anything up front; he was just smart about asking: how much does this cost, and how much money do I need to reach my goal? His goal was to validate his idea by making $1,000 profit in twenty-four hours, and that’s exactly what he was able to do.
Become a freelance writer or editor. If you have a passion for storytelling or a background in writing or editing, it’s possible to find freelance writing or editing work online. To search available job openings, check out sites like UpWork.com and Problogger.net. You can also check traditional job sites such as Indeed.com and enter “telecommute” or “anywhere” in the location field.
Breaking In. Many people find that once they’ve completed their training, getting their first job can be difficult because many companies require a minimum of two years experience. Many newbies start out by volunteering to get some history under their belt. It’s not impossible to land a job fresh out of school, but you’ll need diligence and persistence, and probably a little luck.
An LLC is a state-chartered organization with some of the advantages of a corporation combined with the tax advantage of being a pass-through entity. An LLC offers liability protection and has no ownership restrictions — in fact, an LLC can consist of a single member. It’s less formal than a corporation and requires less paperwork. LLCs can also arrange special allocations in the same way a partnership can. However, stock in the company cannot be sold.
Sure, there are plenty of businesses offering social media consulting services, but you can stand out from the crowd by focusing primarily on networks that are still gathering steam with businesses. Facebook and Twitter are still the top networks, but businesses tend to struggle the most with more visual platforms like Instagram, Pinterest, Tumblr and Snapchat. All of these platforms have huge audiences, but many businesses don't realize how big they really are, how effective they can be and how to make them work for their niche. Snapchat has more than 158 million users per day, according to Business Insider. Instagram has more than 500 million daily active users, according to Statista, and Pinterest has more than 200 million.
Then once you’ve got your domain name and hosting sorted out, it’s time to pick a CMS, or Content Management System, that will let you update pages, build your blog and integrate with all the other services you need. It’s hard to go wrong with WordPress—the CMS powering close to a quarter of the internet. Keep in mind that eventually as you start growing traffic to your blog, you'll be wise to invest in a managed WordPress hosting plan from a company with great service like Kinsta, where all of the settings are custom-tailored and optimized to work particularly well with WordPress-powered websites.
Consider selling in lots. A lot is a collection of similar items that is sold in a group. For example, if you have a collection of books, magazines or similar pieces of jewelry, consider selling them all at once in a lot. You many not make as much money as you would have if you sold each item separately. However, the items will likely sell more quickly in a lot than they would individually.
While this isn’t exactly a long-term solution for making money (since you have to pay it back), it is a reliable way to get some extra cash when you’re in a pinch. It’s also a great way to make money by saving money if you use a personal loan to pay off high-interest debt, such as credit cards. Since getting a loan is one of the easiest ways to make extra money, we felt we had to include it.
Prior to that group, they had an online community for teachers looking for lesson plans. That probably sounds pretty random, but it's crazy the type of communities you can build and rally people around. If it's something that you're passionate about yourself and you want to connect with others that have that same passion, then an online community is something you should definitely consider.