Next come the nuts and bolts: choosing and buying a Web domain, hosting and designing your site, and planning content. While this is a lot of work to put in before publishing your first post, resist the temptation to cut corners. You’re laying the foundation, hopefully, for a long-term endeavor. Once you’ve created a quality site and built a following, there are plenty of ways to make money from your blog.
I’m sharing everything I’ve learned over the past decade, pulling from my own experience in learning how to start a blog that now earns a consistent $30,000/mo or more (on the side of my day job)—from online sources like affiliates, courses, freelancing, sponsorships, drop-shipping and other ways to make money online that we’re exploring in this guide.
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.
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.
Video is growing like crazy. And more and more people are looking for professional help cutting their raw footage into viral-worthy content. If you have the right software and a bit of skill, you can easily make money online as a video editor. Check out these article of Fstoppers on how to become an online video editor and then look for relevant jobs on Mandy.com, Creative Cow Job Search, or ProductionHub.
Know What to Charge (and When to Charge More). Setting freelance writing rates is notoriously challenging. The value of your work depends on many factors, including your writing style and quality, your niche, your subject matter strengths and professional credentials, your research skills, your production speed, and your ability to work on deadline. As a rule of thumb, licensed professionals (such as lawyers, CPAs, and physicians) can charge more than nonexperts with above-average writing skills. But don’t assume your earning potential is static. As you gain skill and familiarity within your niche or with individual clients’ needs and your professional visibility improves, you’ll become more valuable to current and future clients.
Bootstrap: This means you’ll be self-funding your business. While not everyone will have the funds to pay for everything they need to start a startup, bootstrapping means that you retain 100% control over your company. You’ll be using the financial tools you have at your disposal—whether that’s financing your business growth with credit cards, personal loans, traditional business loans or a home equity line of credit. The payoff if you can bootstrap your company to an exit or IPO though, is that you might not ever have to work another day in your life.
Remote call center opportunities are more varied than remote technical support gigs. Many call center companies serve as outside sales contractors for companies without internal sales teams of their own. As an at-home operator, you work as an independent contractor charged with selling on the client’s behalf. If you’re personable, persuasive, and believe in what you’re selling, there’s real money to be made in this niche. However, since independent sales agents are usually commission-based, you may struggle to earn a respectable keep if you’re not a born salesperson.
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.
A blog highlights your technical ability and showcases your ability to write blog posts. Your blog can be about different topics than those you write about for your clients. In fact, it should be on a topic that interests you. Visitors will see that you can not only write, but you can also build an online community. A good blog has the potential to earn you many referrals for more clients.
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.
Find an audience for your passion or hobby and you’re all set to make money online doing something you love via a niche website. That of course, is easier said than done. Creating a profitable niche website takes time and is not intended for the faint of heart. But, if you can hurdle the steep challenges and positively answer a few key questions on whether the website business idea you’re thinking about is profitable, then you can begin building it and eventually monetize through advertising, affiliates, or other relevant digital products.
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.
The first follows the startup path we outlined above: You have a disruptive idea for an app or piece of software, you validate the idea with real customers, and then raise money to hire developers or a development studio to build, launch, and scale your software. If you’ve done everything right, your software will be accepted to the Apple and Google Stores and you’ll make money every time someone downloads it or pays for a premium feature.
Real estate can be a profitable investment opportunity, but many people don’t know how or where to start. It’s also common for aspiring real estate investors to be scared away because of the upfront capital requirements. While it’s true that you do need some money to invest in real estate, technology has made it easier for investors to get up and running with just a few hundred dollars.
I have yet to find a survey site worth the time. They ask you tons of information about yourself then send you surveys where you have to answer the exact same questions over and over again. Then, after spending 10 to 20 minutes answering questions, you are told you don’t qualify. I want a survey site that takes the information I have already provided and only sends me surveys I am qualified for. Most times I feel they have gotten the answer they wanted and then say I don’t qualify just so they don’t have to pay!!!
– Project Payday is one of those sites that has testimonials of people who have earned thousands of dollars by getting paid to get trial offers. I’m not saying you’ll earn thousands, but it is legit and you can earn some extra cash. They assume that by paying you to do a free trial, you’ll either like the product and purchase it, or forget to cancel the trial and get charged for it. If you can keep track and cancel before you get charged (if you don’t want the product), then this is a great site for making some money.