Pro tip: If you’re planning to start a side hustle or a small business, make sure you have the right tools. Start by setting up an LLC through LegalZoom. This will help separate your business assets from your personal assets. Next, open a business checking account through Novo (you’ll earn a $25 bonus with a new account). Finally, Freshbooks, a cloud-based accounting software, will allow you to invoice clients and track all your expenses.
Other opportunities are easier to get but not nearly as lucrative. Many market research companies have video-watching verticals through which participants can earn points for each view. Swagbucks and InboxDollars are two legitimate options. You can earn points with them, which you can redeem for gift cards and occasionally cash. The hourly rates working out to less than minimum wage in most cases but aren’t bad for a few spare minutes of your time here and there.
Etsy is the most popular online marketplace for handmade goods and crafts. From bracelets to phone cases, rings, furniture, and more, Etsy is perfect for anyone who is creative and wants to sell their handmade creations. As long as you have the space, this can make for one of the best ways to make money online that can be started with a very limited investment. Consider these 5 steps to starting an Etsy store, from Handmadeology.
YouTube Partner Program. The YouTube Partner program empowers YouTube channel operators to monetize certain types of videos. Finding paying advertisers is hard work, and you need a sizable following before you can find companies willing to pay for direct or indirect promotion. Plus, your videos must meet YouTube’s monetization criteria, which ban explicit or copied content. Pay potential is directly proportional to the size of your channel following and, to a lesser extent, audience demographics.
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.
Build a Portfolio. Unless you’re very lucky or a credentialed expert in a sought-after niche, such as law or accounting, your first freelance writing gigs probably won’t come with a byline. But that doesn’t mean you can’t add your early work to your writing portfolio with permission from your clients. The more pieces you produce, the more variety you’ll have to show clients down the line. As your portfolio grows, use a professional website or content marketing platform like Contently to present it publicly.
It’s sometimes hard to comprehend just how much people love t-shirts. And with the right niche, marketing and tools, you can create an online t-shirt business that makes you extra money online while you sleep. (Even Bloomberg and Forbes feature stories from entrepreneurs who’ve done just that.) Services like TeeSpring make it easier than ever to create a t-shirt drop-shipping business where they handle the sales, printing, and shipping, and you’re only responsible for design and marketing. Or you can even buy into well-established franchise businesses like Rhea Lana that sell fashionable, affordable kids clothing and get the backing of a proven organization to fuel your online sales. For more tips, check out this simple guide to launching and marketing an online clothing store by my friends over at Selz.
Raise your hand if you love the idea of earning extra income or ditching office life to learn how to make money at home. Well, you're not alone. According to a 2017 telecommuting report by FlexJobs, the number of U.S. employees who worked from home at least half of the time has grown 115% in twelve years, from 1.8 million employees in 2005 to 3.9 million in 2017.
Teaching and tutoring English as a second language is a great way to make money online, not to mention open some doors for you to travel the world (and document it by starting a travel blog if you’d like). While full ESL (English as a Second Language) accreditation is recommended, as long as you’re a native speaker and have the ability to teach, there are people in countries such as Hong Kong or the UAE who are willing to pay upwards of $25/hr for you to tutor them English via Skype. Check out Indeed, Learn4Good and Remote.co for remote english tutoring jobs or sign up on a specialized site like Preply, VerbalPlanet or Chegg Tutors.
The sharing economy has created new opportunities for regular people to put their excess capital to work. Person-to-person (P2P) lending platforms such as LendingClub and Prosper are reputable outlets for nonaccredited individuals seeking above-average returns on investment – anywhere from 4% to more than 10% annually, after accounting for nonperforming loans and the platforms’ service charges.
Once thredUp receives the bag, they’ll inspect your items before choosing which ones to list. The site says they accept less than 40% of items on average. To increase your chances of getting accepted, make sure your items are clean, name-brand, less than five years old, and are in excellent condition. Depending on the popularity of the items you send, you’ll be paid either after processing or once your items sell.
Advertising and Promotion. You won’t have a huge budget to promote your at-home business, so use cost-effective outreach targeted to your most likely customers, such as fliers in local craft and clothing stores, a basic website (preferably with booking and payment portals), a referral network, and friends and family willing to sing your praises. Also, consider joining the American Sewing Guild for $50 per year. It’s a great way to meet other enthusiasts and get your name out there.
Become a Query Machine. Once you’ve gained confidence on freelance copywriting platforms and built a modest portfolio, look for companies that actively advertise for writers – both traditional publications and companies with obvious content needs, such as PR firms. Do some research on crafting and personalizing query letters, which is an art form in itself. Then, start sending out queries to blogs, magazines, dailies, and other content-hungry organizations that fit your writing style and knowledge base. If you’re looking for byline work, each query should include a clear pitch for a single article or article series. For behind-the-scenes gigs, such as ghostwriting ad copy or press releases, condense and communicate your value proposition. Don’t sweat nonresponses. This is a numbers game, and more queries than not will be ignored.
If you have the space available and don’t mind storing a total stranger’s stuff on your property, it can’t hurt to create a listing and see if there are any takers. According to Neighbor.com, a customer can save over 50% by renting space through the site. Once the word gets out about them, expect to see this become much more mainstream over the next few years.
Another way to utilize your talent and business skills is to run corporate workshops online. Businesses are always looking for unique ways to help educate their workforce, and if you can package your talents into a day or half-day long session, you can sell that to companies all over the world to make money online. Start by building a portfolio and then reaching out on LinkedIn to influencers at relevant companies to see if they would be interested in you teaching their team.
It’s industry standard to charge anywhere from $1,000 to $2,000 per month per client, and you don’t need previous website or marketing experience to get started. As you bring on more clients and build a reputation for delivering outstanding results, your income can scale up quickly. It only takes a handful of clients to start building a full-time income.
The ego is the driver making the decisions. It decides between the devil (the id) and the angel (the super-ego) on either shoulder (yes, all those cartoons you've ever seen are partly true). We have voices in our mind, and it's up to the ego to decide which one to fulfill. Its goal is to satisfy the id in some way while also attending to the super-ego.
As you start regularly putting out content, you’ll hopefully start to build a bit of an audience. But to start seeing real money from YouTube you need to market your videos elsewhere. Share your channel on Twitter and Facebook. Distribute videos anywhere else you can think of. Also, interact with comments and build a community around the videos you’re making so people will share it with their friends.
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.
Create a killer course experience: With your course validated and in the works, you need to figure out how people will take it. Most course creators choose to host their courses (after going down the path of learning how to make a website) on their own blogs. This way, they get all the value of bringing customers back to their site on a regular basis. I host my own courses from a subdomain on my own site so I can easily add more. The course experience is incredibly important as well. And after trying most of the solutions, I highly recommend Teachable—an online platform designed specifically for courses.
Websites like Care.com connect parents with babysitters. The company does all the background checking and other due diligence to put parents' minds at ease. Of course, you can appeal directly to people in your personal network, but if you're looking to generate recurring revenue sign up with a site marketing to parents looking for child care services.
This article was co-authored by Michael R. Lewis. Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas. He has a BBA in Industrial Management from the University of Texas at Austin. This article has been viewed 8,430,932 times.
Get-rich-quick schemes and fad weight-loss diets are naturally popular because they satisfy the id while also attending to the super-ego. The ego's job is complete when it sees something like this. The appeal of "fast'' stems from the innate desire for instant gratification, so beware of what seems too good to be true (they often are) when you're looking to make money quickly. Be wary. Listen to the conversation deep within the confines of your mind and do your best to tame the proverbial beasts.
Manuscript Editor. Looking for a longer-term engagement? The self-publishing boom has created an unprecedented demand for manuscript editors – specialists who help writers organize and sharpen book-length works before publication. Depending on your clients’ budgets, manuscript editing can be lucrative, though it’ll likely take time to build your reputation to the point that you’re working with accomplished writers. Entry-level opportunities abound on reputable freelance platforms and with niche publishing houses.
If you want to help shape digital products in their early stages, joining an online focus group or answering survey questions is a great way to make extra money online. They don’t pay as much as some of the other options we’re highlighting in this list, but you can join groups on sites like Survey Junkie, User Interviews and InboxDollars that pay out through PayPal, check or even Amazon gift cards. You’ll be asked to provide a bit of information about your personal demographics (age, location, etc…), but after that you can get going making money online through completing surveys.
If it’s not clear yet, information and expertise are two of the most consistent and lucrative ways to make extra money online. If you don’t like talking on the phone, you can sign up to get paid to answer professional questions on JustAnswer. There are thousands of questions being asked every month from people looking for help from lawyers, doctors, mechanics, vets, and more. To apply, you’ll need to supply your professional verification, resume, and a form of identification.
While Etsy is fantastic for handmade goods that you’ve already created, if you’ve got killer designs that would look good on phone cases, t-shirts, or even wall hangings, pillows, and duvets, you can sell them on Society6 without paying anything to start. Society6 lets artists upload their designs and create their own shops where they choose what products their designs can be used on. That means one design can be used to make a whole range of awesome products that are printed and shipped on demand whenever someone buys from you. With top creators making thousands every month just from selling their designs.
Protect Yourself With Enforceable Contracts. You don’t have to be a lawyer to draft an enforceable freelance contract. You just need to find a legitimate freelance contract template and modify it for your use. It’s fine to use a client-provided contract as long as you review it thoroughly, ask piercing questions if necessary, and seek an attorney’s advice when in doubt.
Become a dog walker if you live in an area where they are in demand. You can walk dogs for people who own dogs but who are too busy to walk them. However, this can be a demanding job, especially if you end up walking a few dogs at once or if you are walking dogs throughout the day, so ensure that you have the physical stamina for this type of job.
Just be sure to put a lot of care into your product listings. Everything from learning how to write a headline that’ll capture attention, to how effective the description is at convincing potential buyers your product is better than the rest, and even taking care to shoot high quality product photos can have a dramatic impact on your sales. I recommend using photo editing tools like Fotor, which gives you the ability to edit your images, create captivating graphic designs and more.
Drive Traffic. The more traffic your site receives, the more revenue it produces and the more valuable it becomes to prospective buyers. Your traffic-driving strategy will depend on a host of factors, including your budget and target audience. But it’s likely to involve some combination of organic SEO, paid search ads, content partnerships, pay per click (PPC) advertising, and social media marketing.
18. CraigsList – Some things don’t ship very well. Other things may make you feel uncomfortable to sell to someone across the country. Anytime you’re selling a large item or something you just don’t want to ship, Craigslist is a great place to go. It’s simple to list your item (again, take good pictures!). If you don’t like the idea of putting your phone number out there, the interested individual can send you a message to your inbox without even getting your email address.