Recording Your Work. If you’ve already written a book, you can leverage an entirely new revenue stream by turning it into an audiobook. It doesn’t have to be your voice on the recording. In fact, unless you have voice acting or radio experience, it’s better to hire a trained voice actor. Reputable platforms like ACX typically have low production costs and innovative royalty-sharing arrangements that maximize rights-holders’ (writers’) income potential. Check Publishers Weekly for a list of platform options.
Flipping a website is a lot like building and monetizing a personal blog. The key difference is that when you flip, you’re working toward the clearly defined short-term goal of selling the site for a tidy profit. You can and should earn money through advertising and affiliate relationships along the way, but you’re not looking to hold the site over the long term.
Amazon Mechanical Turk is a service that lets you make money online through doing paid microtasks. Each task is something simple that requires human interaction like rating search results, checking for the right spelling on search terms, categorizing the tone of an article, or even basic translating. You can do these tasks from anywhere you want and make money online from the world’s largest e-retailer.
Companies will pay you to virtually sit on mock juries to give attorneys and other jury consultants feedback on cases they are currently handling. Think of these as focus groups. The cases are real, but your verdict will do little more than give those involved a prediction of how things might go when it's time to go to court. You can earn fees ranging from $5 to $60. Be sure to read all the disclaimers and details. If this sounds interesting go to eJury.com or OnlineVerdict.com to find a case.
Recording Others’ Work. If you’re a trained voice actor or narrator, or you think you have what it takes to break into the niche, you can use ACX and other outlets to find audiobook recording jobs. You’ll need to audition for each role, but once you land a gig, you’ll earn money two ways: at an agreed per-hour rate for the actual job and a shared royalty arrangement with the rights-holder and others involved in the production. If you’re a union actor (SAG-AFTRA), you’re required to charge a minimum fee (variable, but above $200) per finished hour (roughly two studio hours). On a 10-hour audiobook, that’s a minimum payday of $2,000 before royalties.
Create a Home Office Space. First things first: You need a professional setup that helps, not hinders, your prospecting activities and writing work. If you don’t already have one, set up a home office – anything from a spare bedroom to a corner of your living room – with a comfortable chair, spacious desk, ample lighting, and physical storage space for papers. Buy a reliable laptop with a reputable word processing suite, like Microsoft Word, and video chat capabilities via Skype or a cloud-based phone system. Strongly consider investing in a printer. Upgrade to the fastest consumer Internet package your Internet service provider offers. Purchase a lightweight cloud accounting program such as Quickbooks or sign up for a free version. You’ll need it once you have more than a few clients. Note that many business-related expenses qualify for tax deductions.
Understand how a niche website works. A niche website focuses on very targeted, specific information. The content must be specific, useful and interesting to your target audience. Successful niche websites get anywhere from 1,000 to 10,000 visitors per month. You build content on a particular keyword, and you make passive income with Google Adsense or through affiliate links.
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 upgrade from your starter cheap hosting plan, shared hosting plan or free hosting plan and into something like a managed WordPress hosting setup, where all of the settings are custom-tailored and optimized to work particularly well with WordPress-powered websites.
You don’t have to find a long-term tenant to earn income from your home’s unused square footage. Apps like Airbnb, Vrbo, and HomeAway let you rent out your home to business and leisure travelers on a nightly or weekly basis. Depending on prevailing rents in your local market and your space’s size, amenities, and privacy, you could earn anywhere from $40 or $50 to $500 or more per night.
When it comes to at-home income, selling your unwanted stuff is the definition of low-hanging fruit. Even if you’re intentional in your purchasing habits, you likely have possessions you can do without. Examples include old kids’ clothing and toys, sporting goods you no longer use, out-of-fashion wardrobe accessories, electronics, valuable but nonsentimental keepsakes such as watches and jewelry, old furniture, dusty tools and outdoor equipment, and perhaps even big-ticket items like a motorcycle or second car.
21. Facebook – Facebook swap shops are great for selling things locally. It’s like CraigsList, but a little easier. You simply search for swap shops in your area and ask to join the group. Once you’re in, take a picture of the item, write a quick description with the price and post it. It doesn’t get much easier than that. You can generally expect to get about what you would get at a yard sale, maybe a little more.