Money can be earned and spent, saved and pilfered, invested and wasted. Not time. That's why time is far more valuable than money. The point? When you lack the luxury of time, making money online (or offline) can seem like an impossible task. How are you supposed to do that when you're working at a life-sucking nine-to-five job? While the stability of full-time employment might allow most to sleep well at night, it doesn't empower your creative juices to search for new income-producing strategies.
Ebates has long been one of my favorite services and they offer an awesome referral program. This service pays members cash back on their online purchases – and some in-store purchases now. When you refer your friends, you will earn $5 per person when they make their first purchase of $25 or more. They also offer some stellar bonuses if you can refer a number of people. And, they offer a $10 gift card for new members.
It wasn’t until 2010, two full years after my initial small investments, when I spent a bit more money for one of the best investments you can make in your business: building an email list. The Email Service Provider (ESP) I used at the time was Aweber, which cost me $194 per year to start (that’s only about $16 per month). Once my email list grew though, the costs increased based on the number of subscribers I had: 26,000 subscribers cost me $181 per month. Aside from the costs, which actually are pretty standard, Aweber didn’t have some of the features I wanted, so I moved on.
Rather than making money through subscriptions, YouTube channels are based on a traditional advertising system. Meaning the more viewers you get, the more you make. Once you’re approved for the YouTube Partner Program and can start including ads on your videos, with every 1,000 views, you will make approximately $2-$4. Which might not seem like a lot, but if you have 100 videos with 5,000 views a month each, that would be $1,000–$2,000 already. Just imagine if your videos start hitting millions of views!
Has anyone ever told you you have a voice for radio? Are you great at creating original characters with just your voice? There are tons of people looking to pay for quality voice overs for their corporate videos, animation series, or educational videos. Check out Fiverr and UpWork or create a profile on a specialized site like Voices.com or The Voice Realm to get started making money online doing voice overs.
Anyone who has ever googled “work from home” or “make money from home” knows that the web is overflowing with sites proclaiming you can make thousands from the comfort of your living room, most of the time requiring you to first buy a book, CD, or DVD to learn how. Since there is so much of this garbage out there, it can be frustrating looking for legitimate ways to work from home. Below are some reasonable ideas to consider.
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.
ebay is a popular resource for selling various used and unwanted items. However, there are specific sites for selling certain used items such as books, jewelry, wedding dresses, and electronics where you may have greater success. Also, to maximize earnings, it's important to take a great photo of the item and write a compelling, honest description.
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 can work as a virtual assistant through dedicated websites, such as Upwork or Zirtual. All kinds of skills are needed, and compensation can vary anywhere between $10 per hour to $100 or more. Obviously, the higher pay will be to people who have more technical skills, such as web building skills and marketing. But you can find work doing administrative tasks at the lower end of the pay scale.
Tools & Resources: I’ve written a pretty comprehensive guide on the best web design software that covers both free and premium software packages. If you’re serious about becoming a web designer, then I recommend purchasing the full Adobe Creative Cloud Suite. At $49.99 per month, this is probably a bargain considering what you can achieve with this set of tools.
You can also use an all-inclusive ecommerce web service. Sites such as Shopify and Volusion offer competitive packages, with free templates, custom packages, credit card processing, and more. Ecommerce web services makes it easy to sell your products on the web, without a lot of overhead. There are no custom interfaces or templates to work with; you simply create an online store within the framework of the service.
But that tends to complicate things. Making some extra side hustle cash doesn't actually have to be that complicated. As someone who's been immersed in the field of online income generation for nearly two decades now, I can tell you that it takes some work. However, there are several clear paths forward. At the end of the day, it all boils down to what your goals are and just how much you're looking to automate your income.
These pay-per-click ads appear on your blog. Every time somebody clicks on an ad (which is supposed to be about a subject related to your niche), you make a few cents. Small amounts each time, but it adds up. This is extremely hands-off. You just need to get a code from Google, place it on your website - and the ads will automatically appear on your blog. Google will only show ads that are relevant to your blog so it's a good experience for your visitors and maximizes the amount of clicks you get, meaning more income.
Once you have a little bit of money, you need to start investing it. The goal, of course, is to turn your investments into a passive income stream that will pay you for the rest of your life. It doesn't take much to get started. You can get started investing with as little as $1 with these free investing apps. Then, add another $100 each month and you'll grow your nest egg into something powerful.
How many times have you told your friends about a great service or product you love? Could you have been compensated for that referral? Many companies today have refer-a-friend programs that will pay you in cash or store credit for bringing them new customers. Look in your online profile for these opportunities. The website will often provide you with a link you can share on social media or in an email. If it’s a product or service you are asked about a lot, it may even be worth your time to get cards printed up with your link for handing out.
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.
Create a writer website or blog. A website not only demonstrates your technical ability, but it also creates an online hub that allows clients to connect to you. Keep the design of your website clean and uncluttered. Include examples of your work that demonstrate the kind of writing you do. Make the samples easy to find and to read, and make it easy for visitors to figure out how to contact you. .
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.
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.
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.
A partnership is almost the same as a sole proprietorship except for the ownership of the business is divided among multiple participants. Partners share profits and losses, and the same liabilities a sole proprietorship is subject to, although split between the owners. Partnerships can also set up special allocations, which redistribute profits and losses between members in a proportion that doesn’t necessarily match their percentage interests in the business.
Starting a podcast, like making a YouTube channel or blog, comes down to telling interesting stories and building an engaged audience. I’m probably sounding like a broken record by now, but you need a niche that you’re interested in and there’s already a demand for. Come up with a list of topics you’d like to talk about and then search iTunes charts, Google Trends and other podcast research sites like cast.market to see what’s currently out there and popular.
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.
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.
Need more ideas on how to make money online? Another strategy is using webinars to market your product, service, or course. I’ve done webinars to promote my financial planning practice and to drum up interest in my online course for financial advisors. With a webinar, you’re basically offering a lot of tips and advice for free — usually in a live format. At the end though, you pitch your paid product or service with the goal of securing a few deals.