And while freelancing might not be as scalable as some of the other ideas we’ve spoken about, it’s not uncommon for solopreneurs to build healthy six-figure freelance businesses for themselves. (In fact, I’ve interviewed tons of them on my podcast!)
For the former, do a smoke test by building a simple landing page advertising your product and what it’s all about. You don’t need a ton of bells and whistles; all you need to know is whether or not people will actually pay money for it.
Selling on eBay successfully is not easy. You need to be able to able to target a niche where the profit margins are high and competition is low. If you pick the right product (particularly unbranded products) you have a chance to import items and make huge profit margins. SaleHoo is awesome for finding suppliers.
Once you’ve established yourself in any of the numerous freelance verticals online, spending your time focusing just on doing inside sales (booking freelance contracts with high-value clients) and then subcontracting your work out to other freelancers can be a great way to make money online.
Please note that some of the links below are affiliate links and at no additional cost to you, I will earn a commission. Know that I only recommend products, tools and learning resources I’ve personally used and believe are genuinely helpful, not because of the small commissions I make if you decide to purchase them. Most of all, I would never advocate for buying something that you can’t afford or that you’re not yet ready to implement.
There’s a ton of great services out there that you can use once your brand is more established and you can afford to access features like built-in analytics, managing multiple channels, and link trackers.
Trust me, tons of parents will pay you to edit admissions essays and offer constructive feedback for their children. Look for open positions at top editing companies like Scribendi, Top Admit, or Essay Edge or post your services online on Craigslist and other marketplaces.
Scent Trunk creates a custom perfume for you based on your preferences. How it works: for free, we’ll ship you 6 scents to test out. Once you provide feedback on those (what you love, like, and hate), we’ll send you a perfume based on your exact tastes. People love the opportunity to customize the perfect perfume for them.
Are you a web designer? You can make serious money designing websites for individuals. If the thought of having a one-on-one client is too limiting, you can also create website templates and sell them on sites like ThemeForest or CreativeMarket. You can also sell them on your own site.
There’s nothing more off-putting than a poorly designed website, and often, it kills credibility. If you know HTML and have a good eye for design, you can launch a service to create attractive, easy-to-use websites for small businesses. Put your skills to good use for business owners who want to take their online presence to the next level. Build a comprehensive portfolio, and then create your own website to show it off and attract a steady stream of clients.
You’ve heard of antique dealers and even car dealers, but what about dealing in domains? Domains are internet real estate and like real estate they could be considered as an investment. Don’t just buy any domains, spread your risk with a portfolio and make sure you hold out for the highest price possible.
After about a year of testing materials and prototypes and materials, we developed Chicken Armor. Since its inception, we’ve sold many tens of thousands of saddles to all 50 states and to countries in 4 continents.
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!
Whether you’re selling your own new products or reselling other goods, you still have to consider how much stock you’re going to carry, how you’re going to fund upfront purchasing costs, and where you’re going to store your inventory. Remember, even if you avoid paying rent on a storefront, you still need to store your inventory somewhere.
The $15-$20 is to cover the ticket price, but the majority of these events are usually free. Keep an eye out on the speakers and guest lists and see if there’s anyone you’d like to connect with. Being in the same room with them will make it that much easier to develop a rapport and establish a relationship.
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None of the above matters if you don’t have an ecommerce store that sells your product, provides an intuitive shopping experience, and makes customers want to return. We’ll show you how to go from zero to beautiful online store in a matter of minutes using powerful ecommerce software (spoiler alert – we have a recommendation).
So many people dream of writing a book, but never go through with it. Yet no matter what, I’m sure you have experience and value you could give through writing a book. By packaging your skills and knowledge into a downloadable eBook that helps people learn a skill, advance their careers, or start a businesses, you can change someone’s life and even make good money online.
Build your audience on a course community: If you’re just getting started building an audience for yourself and want to leverage communities already actively looking for content you can choose to host and sell your online course on a site like Skillshare or Udemy. These are easy, cost-effective ways to build an audience and test your niche to see if there’s demand for it.
The second (and cheaper) path assumes that you have the design and dev chops yourself to build your dream software. Naturally, it’ll take more time to get your product off the ground, but being able to bootstrap the development of your software lets you retain more ownership in your business and be more in control of your path.
Frameri is a company that invented the first line of interchangeable, swappable frames and lens systems for glasses. With Frameri, you can swap your lenses into multiple different frames to rock lots of looks.
Instead, if you can find a solid product that’s already being manufactured at a reasonable price from a marketplace like AliExpress, LightInTheBox, or DinoDirect and market it to your audience, you’ll have the start of a money-making eCommerce machine.
Challenge #3: You must prove your ability to deliver measurable results, while emphasizing flexibility. People will want to see proof that you’ve delivered great results for other clients, but they’ll also want to know that you’re flexible enough to meet their own unique needs.
To be a great graphic designer, you don’t need to be great at drawing, you don’t need a college degree, and you don’t need to buy a fancy expensive computer. But you do need to be a visual thinker, you do need to specialize in something, and you definitely need a portfolio.
Shopify and Squarespace each offer a 14-day free trial of their services, which is more than enough time for you to get a basic version of your store up and running as a test. Other sites like Big Cartel allow you to use their service for free if you have fewer than five product listings.
The reason this is a great online business idea is because, while hundreds of thousands of people start their search for business insurance online, the majority still deal with a brick-and-mortar agent to buy and manage their policy. This takes a lot of time and can be a hassle (in both managing the physical paperwork as well as working around an agent’s schedule).
Find a profitable market. Brainstorm some ideas, do keyword research, and try to get as specific as possible. For example, there is probably a lot of competition for selling surfboards. But if you narrow it down to surfboard racks, you may have a better chance of standing out in the market.
You know those top-down cooking or craft videos you just can’t seem to get away from these days? There are people out there making a living from them. 78% of B2C companies depend on user-generated content, like those videos, for their marketing campaigns. You can sign up as a creator on a site like Darby Smart and potentially work with brands like Nordstrom, Mattel, and BarkBox. Or, use them to build your YouTube following and monetize through ads and views.
Many small businesses don’t have room in their budget for a full-time IT employee, so when their systems go on the fritz, they’ll usually call a computer-savvy friend or family member. If you have experience working on computers and networks, you can eliminate their need to call in a favor and offer immediate remote technical assistance.
You see people make money online and you’d like to do it, too. It can’t be hard, right? Well, not if you have a great online business idea. Here are the best online business ideas from a variety of entrepreneurs, plus a few of our own tips.
Now, if you don’t know people who might want your coaching services, there are a number of online tools and communities that make it incredibly easy to find clients and teach, on just about any topic area you can think of. Community driven platforms like Savvy.is, Clarity.fm, and Coach.me provide you with a network of potential clients to interact with, as well an integrated payment solution.
Podcasts are super hot right now, and for good reason. With how busy our lives are getting, more and more people are looking for passive ways to take in content. Which makes them both a great opportunity to build an audience and to make money online.
Next, you need to include a list of your credentials. However, don’t just give point after point of accomplishments; be sure to state exactly how each of your credentials is going to translate into a benefit for your clients. Don’t make the critical mistake of assuming that visitors to your site can make this leap on their own. Clearly spell out the benefits you offer in your sales copy. For example, if you’re a real estate agent with certification in housing inspection, you shouldn’t just tell your visitors “I’m a certified housing inspector.” Instead you should say, “Not only can I find the best home in the best location for you and your family, but as a certified housing inspector, I can give you an accurate assessment of the home’s structural soundness and let you know about any potential problems to make sure you avoid getting stuck with costly repairs in the years to come!” Doesn’t that sound better than “I’m a certified housing inspector”? Make the benefit obvious!
Facebook continues to expand and grow. Therefore businesses are spending more on Facebook ads. But here’s the problem: a lot of old school businesses don’t know what they’re doing when it comes to Facebook ads. Even newer companies don’t have the time it takes to learn the ins and outs so that they get the most return on their Facebook ads investment.
Some people have made big dollars by owning desired domains and selling them to hungry buyers. For a minimum investment of buying domain names you feel will be popular (typically $10 to $20), you might make a big profit selling it down the line.
Shopify is a great example of the freemium model. By offering some applications for free, they get exposure for their whole business. Since the company was founded in 2004, they have acquired 30,000 customers, including Pixar and the Foo Fighters. Their revolutionary “build-a-business” competitions in the past have produced over $70,000,000 in revenue for over 14,000 entrants.
A great online business for people who want to work from home, earn a great income, and need a flexible schedule is a Homeowner Referral Network (HRN) business. HRNs pre-screen and refer painters, plumbers, carpenters, electricians, and more to local homeowners. The HRN owner earns a commission for any work secured. Homeowners can go online and request a contractor and they are custom matched with a contractor from my network.
Another great way to make money is to find things in your area that are free or cheap, and then sell them online. Many people hunt through local thrift stores for rare collectibles, vintage styles or cheap-as-dirt books or media to mark up and resell online.
If you can couple video production with the ability to be creative, you can make videos go viral. If you can do that, your £500 video is going to be worth £5,000 or even £50,000 to a client. Checkout the results from the Old Spice video campaign!
Research individual companies in your desired niche: If possible, it’s always better to become an affiliate directly with a company (if they have an internal affiliate program), as no one else will be dipping into your commission rate. This is the preferred route for most of the prominent affiliate marketers, including Pat Flynn. Unfortunately, it’s also the most work, as you’ll have to do the research yourself to see who offers programs (they’re usually listed in the website footer).
The content on MoneyCrashers.com is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. We may have financial relationships with some of the companies mentioned on this website. Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors.
Copywriting is the art and science of strategically delivering words (whether written or spoken) that get people to take some form of action. It can range from anything to sales pages, to email marketing, to even quality blog content.
“I always tell podcasters to use as many streams as possible. Don’t just sell ads on your show. Don’t just sell T-shirts. Don’t just do crowdfunding. Do all of it. Combine it and find the right mix, and together it adds up to something that’s stronger and more dependable.”
eGobie handles one of life’s more important, albeit time-consuming daily errands. The company specializes in mobile car wash/detailing services and mobile oil change service. With the use of a smartphone app, customers can order these services with a few clicks of a button. Customers can register for a free account, log in, tell eGobie what service they would like to receive, when to receive it, and where to receive it.
Phase 4: Launch the course to his email list. The success of your course comes down to getting it in front of the right people. And your own audience, no matter how small, is usually the best place to start. That said, you need to have a clear idea of your launch plan before you put it live.
Bridging the gap between online and offline shopping and getting people over the uncertainties of online shopping is key in converting customers. In order to do this, online retailers must create a flawless shopping experience that caters to the needs of their customers. Four Mine is an online jeweler specializing in diamond engagement rings and wedding bands. What’s unique about us? We offer a free try-before-you-buy replica ring service. Our high quality diamond simulant and metal alloy rings look and feel as close to the real ring as possible. Consumers can try their favorite three styles at home, with no obligation to purchase.
Do you constantly come up with witty one-liners? Do you dream of the days of Mad Men-style advertising? If you’ve got some branding chops or just come up with imaginative copy, there are lots of opportunities to make money online through company naming and slogan contests. If you think you have a knack for names check out namingforce.com and squadhelp.com. If you dream of coming up with witty copy, try coming up with company slogans on Slogan Slingers and Get a Slogan.
Identify target customers: Write down exactly who you want as your client and then start researching those companies and making your list. You’ll want your portfolio and cold emails to align with the companies you’re reaching out to
A lead magnet can be anything from a YouTube video, to a cheatsheet, a webinar, or even an ebook. As long as it’s filled with information that your audience wants, you can promote your lead magnet anywhere in order to get more signups to your list.
Amazon is one of the most popular affiliate programs in the world, and it’s getting more popular by the day, but it really shouldn’t be considering the commissions are so low! It’s not just Amazon that you can affiliate with; there are 1,000 affiliate programs to choose from. Although Amazon can be lucrative, there are some much better options out there, allowing affiliates to earn up to 75% commission in some cases! Work in your own time
If you’ve developed valuable skill sets or picked up certifications within your industry over the years, offering your consulting services to local business owners can be a lucrative way to make money online. Whether you’re an expert marketer, business strategist, or manufacturing aficionado, there’s likely a local business owner who’s willing to pay you to help them solve an issue with their company. Start with this 18-step checklist to becoming a local business consultant from Karyn Greenstreet and then use my guide to crafting an effective cold email to convince them to hire you.
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. If you can bootstrap your company to an exit or IPO, you’ll most likely never have to work another day in your life.
If you’ve got experience and expertise in a specific area of business, there are hundreds if not thousands of business owners who would love to jump on a phone call and pick your brain. This can be an easy way to make extra money online and to hone your skills to use in your consulting or freelance business. Sites like Clarity.fm let you create a profile where entrepreneurs and business owners can pre-pay to book a phone call with you for a set amount of time. Whether you’re an expert in raising money for startups, building apps, or running a restaurant, you can make extra money selling a few minutes of your time to people in need.
Set strategic prices: The $37.50/hr you earn at your day job doesn’t even come close to the hourly rate you’d need to charge, in order to create the same net annual income, once you’re self-employed. This infographic on calculating your freelance hourly rate can help you decide what to charge.
With Amazon, you can self-publish a book fairly easily, and really make money from it. There are some simple and inexpensive guides like this one to help you write your book AND have it generate consistent income.