And while it will take time to build up a big-enough audience to attract advertisers and other ways to make extra income from your podcast, the opportunity is there. John Lee Dumas interviews entrepreneurs seven days a week for his podcast Entrepreneur on Fire and now makes more than $200,000 a month from it. In fact, John publishes all his income online and showed that he’s made almost $13 million since launching in 2012.
If you have a fondness and talent for taking pictures you can make extra money online by becoming a stock photographer and selling your images to a stock photo company like ShutterStock or iStockPhoto. You’ll get royalties every time someone licenses an image you’ve submitted. To really be successful, build your own photography website to be able to showcase your portfolio and start getting higher-paid private corporate work.
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.
To get started, create a listing by filling out a description, take and upload photos of your space, and set a price. Your listing helps guests get a sense of what your place is like. Then, set the dates the space will be available and draft your house rules. Once your listing is live, guests can book their stay at your home, and you start earning money.
But don’t make the mistake of thinking this will be a passive source of income—you’re on call whenever you have a guest and you’ll always need to keep the place clean for incoming visitors. On top of just renting on Airbnb, consider offering your guests paid add-ons, like Lauren Gheysens’, Royal Day Out in London, England—where she gives visitors a local’s only tour of the city, complete with bespoke 18th century costumes.
But you don’t have to work for a progressive employer to take advantage of the work-from-home trend. Whether your goal is to build a sustainable passive income stream or simply earn a few extra bucks to complement your part- or full-time income, all you need to work from home is a computer, a quiet space, a strong work ethic, and a willingness to follow these straightforward guidelines for working from home more efficiently.
Trade-In (Resale) Marketplaces. There are plenty of other places to sell your stuff online, especially if it’s electronic. Popular and reputable online resale marketplaces include SellCell, Gazelle, and MaxBack. Major retailers such as Best Buy have extensive trade-in programs as well, as do national carriers such as Verizon and AT&T. Decluttr, a hybrid option, cuts out the middleman and claims to deliver better value for unwanted tech items.
Sign up for a reputable affiliate network: Aside from Amazon, there are dozens of top affiliate programs for bloggers and even large reputable affiliate networks, such as Share-A-Sale, Clickbank, and Skimlinks, that specialize in connecting you with merchants who are looking for affiliates to sell their products. They charge relatively low commission fees for the privilege of connecting you with merchants, and the merchants on these sites tend to offer much higher commission percentages or set dollar amount payouts.
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.
Under no circumstances should any information from this blog be used as replacement for professional financial advice. DollarSprout.com is owned by VTX Capital, LLC and neither are licensed by or affiliated with any third-party marks on this website and third parties do not endorse, authorize, or sponsor our content except where clearly disclosed. DollarSprout.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.
One thing I am guilty of is finding one thing I like and sticking to it without ever trying anything new. I’ve caught myself doing this with cash back apps over the past year or so. I used to exclusively use Rakuten because it was easy and usually got me cash back, but now I make a point to do a quick “comparison shop” between cash back tools to make sure I am getting the best deal available.
Gengo. Gengo is a beginner-friendly platform that covers a range of subjects and project types. Pay tends to be on the low side, but payment is frequent and predictable – it comes via PayPal twice per month. Experienced and prolific translators can become Senior Translators, who command higher pay rates and are responsible for evaluating and editing entry-level translators’ work.
EBay. EBay is one of the most popular websites in the world. That means it’s an excellent way to attract lots of eyeballs to your unwanted items, fast. Initially designed as an auction site for DIY sellers, it’s now primarily a venue for fixed-price – and often heavily discounted – sales by professional merchants. As long as you include high-quality photographs and thorough descriptions in your product listings, you can likely break through the noise. EBay’s fee schedule is complex, but as a general rule, expect to lose 10% of your final selling price to the site’s commission.
Find work. When you first start out, you may have to accept work writing about a topic you don’t find all that interesting. You must keep an open mind and be willing to accept work that may not be in your desired field. However, as you continue to write, you not only learn about more topics, but you also build your reputation. With time, you can be choosier about assignments you want to accept.
22. Advertising – This is definitely the most old-school way of earning money with a blog. It’s also starting to become the least common way. You can sell advertising spots directly on your site or you can sign up with a company like Google AdSense or Media.net. Either way, you won’t see a whole lot of money from ads until your views are well into the thousands each day.