While we all have some extra time, it often doesn't feel like it, does it? We're usually so busy and enthralled in whatever it is that we're doing that we forget to spend the time on navigating the murky online waters of money making. That's understandable. But it also doesn't take too much effort to make some extra dough on the side. We're not talking about millions upon millions here (well maybe for some). We're mostly talking about doing small, bite-sized projects to generate some fast cash.
Since time is the most precious commodity on this earth, invest the time at the front-end so that you can reap the benefits on the back-end. This means putting in a bit of sweat equity and not getting paid today. Rather, you'll get paid somewhere down the road. And you'll continue getting paid whether you keep building that passive income stream or you stop. It's obvious that this is the preferred route, but clearly the road less traveled.
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Skill. If you’re going to sew for other people, your skills need to be far above average. If you’re a beginner or an average seamstress, wait until you improve their skills before attempting to earn money in this type of business. If people are going to trust their wedding dresses or their favorite sports jacket to you, you must be able to handle them with care and the utmost skill.
Writing copy for websites is another great freelancing option for those who have a way with words. Copywriting can involve writing the text for websites, press releases, promotional offline materials including leaflets and brochures, and any other professional text for businesses. While writing blog posts is well paid it won’t make you as much money as writing copy for sales pages. However, clients can be more fussy, as they want the highest quality writing for the forefront of their website or advertising campaigns. Many freelance writers offer both copywriting and blog writing amongst their services. This can be a good way to juggle regular but lower paid clients (blogging) with the higher paid but ad-hoc project based copy work.
Freelance writing is such a great industry to get involved in if you want to work remotely. There’s plenty of work available and it’s typically one of the most flexible gigs in terms of scheduling. (You can often do the work whenever and wherever you choose.) Even better, it’s pretty easy to get started with a degree or previous writing experience. Read more at Freelance Writing Jobs for Beginners
Run virtual errands. If you have a computer with Internet connection and are good at searching the Web and communicating with others, you can become a virtual personal assistant with Fancy Hands. The service hires assistants, who set their own hours, to help its users tackle tasks such as making calls to service providers, scheduling appointments, and finding the best prices for services and products. You get paid per task, starting at between $3 and $7.
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.
A thing that needs to be ironed out for your online business is your billing service. While there are businesses that may bill their clients directly after a contract has been agreed upon and signed and these bills are paid for through checks that are deposited into the service provider's bank account, there are some clients who require a certain online billing system for them to pay for the services they have contracted. You may need to register with a billing system like PayPal for your online business to make billing and payment easier and less of a hassle to you and your clients.
Work remotely for a call center. Because many call center jobs are location independent, finding work in this field is an easy way to earn some money from home. Dozens of sites list job openings for call-center representatives, including Freelancer.com and SimplyHired.com. Meanwhile, you should check local job listings for openings and opportunities as well.
Basically, you pick a profitable niche for your online business, and then you find an affiliate partner who has products available in that niche. Some of the most popular affiliate sites are Clickbank.com, Amazon.com, and CJ Affiliate by Conversant (formerly Commission Junction). Between them, they offer just about any digital information product (like ebooks, audio files, video files) or physical product you can think of.
The most important distinction when it comes to doing business online versus in person is online business law. These laws regard the distribution of your customer’s personal information, as well as other privacy and intellectual property regulations. The SBA gives a thorough rundown of the specifics of online business law, so make sure to brush up on them before you start your online business.
Coding – whether for developing apps or designing websites – is another big business online! It’s a pretty egalitarian business as well, since you can teach yourself to code in many languages and you can code from wherever you are. At its most basic, all you need is a computer (or laptop or tablet), an Internet connection for connecting with project files or far-flung colleagues, and a text editor. (The software involved can get more complicated than that, as you go along.) There are more small businesses wanting customized websites and startups trying to create that next great app every day, and coders can make a living along the way.
Last but not least, you can also earn money online by building an online community, although the monetization strategies you can pursue will vary a lot depending on your goals. You can build a community with a blog, for example. You can also build an online forum and charge people for membership. You could even build up a Facebook group and use your influence there to sell and promote products.
Yet another Amazon service providing the possibility to make money online is the Audiobook Creation Exchange. You can create a standalone audiobook, or create an audio version of your eBook as complementary media. And you can narrate your audiobook yourself, or Amazon can put you in contact with a professional to help. Once sold, you can then earn up to 40% royalties per audiobook.
If you’ve ever thought that buying and flipping real estate seemed fun and lucrative, you’ll love the concept of buying and selling domain names. Just like buying low and selling high with actual homes, domain name flipping has big margins that can put a lot of cash in your pocket. The most expensive domain name ever sold is insurance.com, it sold for $35.6M back in 2010. To buy a domain, you need little more than a credit card. You can purchase domains on familiar domain purchase sites like GoDaddy.com, or on domain auction sites like NameJet or Sedo. Selling domains require a little bit of creative thinking, since you need to find the right buyer (much like selling physical real estate). Successful sellers will tell you that creating a portfolio of dozens (or even hundreds) of domains increases your chances at making sales and profits. There are hundreds of auction sites and forums dedicated to buying and selling domain names, so you can easily find tips and tricks from people who have sold domains for tens of thousands of dollars. That said, not every domain is a diamond in the rough, so patience is the name of the game.
Using a food delivery service can’t necessarily earn you money, but it can help you save you money if you constantly find yourself throwing out half the food you buy. Food delivery services send a box of food every week with new, sometimes unique vegetables, meat, fruit, and so on. If you don’t have time to shop and want simple meal-prep that leads to a good meal, a food subscription service may be perfect for you.