A corporation is a state-chartered organization, owned by shareholders who can appoint or elect a board of directors to manage the business. Incorporating protects the business owner from liability, so if the business was financially backed by a bank and the business failed, the bank cannot seek to collect from the owners’ personal assets. The same protection applies if the business is sued.
Online sites like Etsy and ArtFire are platforms that make it extremely easy for crafters who can produce a steady supply of quality handmade items, like crocheted blankets or unique painted glassware. Startup costs are extremely low if you purchase your materials in bulk from a craft supplier, and if you can turn around orders quickly, you'll be making a profit in no time at all. It's even possible to turn your store into a full-time gig.
Now, you can enjoy the income potential of being a landlord without the headaches! With a $500 investment, you can open a portfolio at Fundrise. You directly invest in properties located across the United States. Historical annual returns are between 8% and 12% which is similar to investing in the stock market. The main difference is that you don’t have the daily market swings.
Write and publish an eBook. You don’t need a traditional publisher and financial backing to publish your own book anymore. In fact, Amazon.com makes it possible for you to publish your own eBook and sell it independently – with no financial investment on your part. And with Kindle eBook publishing, your book will appear on Kindle stores worldwide within 24-48 hours. Just be prepared to market it yourself on social media, your blog, or elsewhere if you expect to generate sales.
For new entrepreneurs, deciding to start an online business is an exciting journey, but it’s also new terrain that can be intimidating and difficult to navigate. Maybe you’ve tried starting your own business before, or maybe you're planning your very first one. Regardless, every new business will present its own unique opportunities and challenges.
You can't find a better place to write online than About.com. People who write for About.com are experts in the topic they write about and just about every subject you can imagine is covered here. Whether you love container gardening or you're a hardcore Android programmer, About.com is full of information that makes the site and its writers an authority readers trust.
(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.
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.
One simple way to make money from home is to help others complete tasks as a virtual assistant. If you're highly organized and can properly manage your time, then becoming a virtual assistant presents a low-friction entry point into the digital services industry. You can easily perform these functions as a remote worker no matter where you live or are from.
Profit from you photos. If you’re skilled with a camera, you can turn your photos into cash by selling them to stock image sites, such as Shutterstock.com. If the photos you submit are accepted, they can be downloaded by Shutterstock’s subscribers and you can earn anywhere from 25 cents to $120 per image download. Other sites that accept photos from contributors include iStock, Dreamstime and Sqeeqee.
Trading options might seem risky if you have very little capital to spare. But it's also a great way to enter into a market that would otherwise cost you an arm and a leg if you were to buy the stocks at full price. With options, you can participate in the movement of a stock without having to put up all the money to actually buy that stock. For example, if Amazon costs $1000 a share, buying a 1,000 shares will cost $1 million. But, 10 call options at $10 each (with each option representing 100 shares of stock) costs $10,000.
The music industry might not be as strong as it was in the 80s, but there are still plenty of ways to make money online as a musician. Sites like SoundBetter let you sell your services as a songwriter, producer, or session musician to thousands of customers a month. While Musicbed, Music Vine, Marmoset, and SongFreedom are perfect for licensing your music to TV shows, movies, and web series.
For a long time, the term “freelancer” referred to someone who didn’t have a day job, and charged high prices for their expertise in their skill. These days, a large portion of the worldwide work force is making extra cash by freelancing from home. If you are skilled at copywriting, online marketing, web design, or coding, you are in a prime position to find hundreds of online freelancing jobs. Websites like Fiverr, Upwork (previously ODesk) and Elance help freelancers connect with businesses all over the world. Freelance jobs can range from one-time paid gigs, to repeat, consistent work on a weekly or monthly basis. The best part? As a freelancer, you get to choose if you want to work an extra five hours per week, or an extra 20 hours. You can seek out and apply for as many or as few projects as you like.
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.
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.
Pretty self-explanatory. You can start making money playing with dogs today using Rover. Rover lets you set your prices so you can charge fair rates for your services. In addition to walking, you can also offer doggy daycare, house sitting, and boarding through Rover. If you’d rather start your own thing, check out The Balance’s How to Start a Dog Walking Business.
Personal finance software can go a long way in helping you to take control of your money and meeting your financial goals. It’s important to note, however, that some focus more on budgeting and expense tracking while others prioritize investing portfolios and income taxes. Explore several different programs and read reviews to find the one that’s right for you.
If you are working for a global company, like Google, the business probably has already established an infrastructure for interoffice communication, which makes it easy for remote workers. Plus, staying at home means the office -- which might go to extreme lengths to lure talented tech workers -- can save on free lunches, snacks and perks. It’s a win-win for both employers and workers.
While customer service positions are some of the most readily available to those looking to work from home, they aren’t a good fit for many. The good news is there are some customer service positions that allow you to assist customers by way of email or chat. You should also consider alternate industries like transcription, search evaluation and writing. Learn more about those opportunities and others at:
Keep in mind though, you don’t need a website to do sponsored content since you can also get paid if you have a lot of social media followers. My wife has a pretty big Instagram following, and she gets all kinds of sponsorships. Not only does she get paid in cash, but we get a lot of free stuff, too. We’ve received free rugs, free lights, and free carpet cleaners. She only promotes things she loves though, so this strategy works really well for her.