Join a startup accelerator: Another great option is to apply to a startup accelerator like Y Combinator, 500 startups, or TechStars, where a group of investors will help coach you, connect you with potential partners, and provide startup cash in return for a small stake in your company. The competition is tough to get into these, so don’t rely on them as your only path forward.
My favorite online business idea is from a current client who is looking to create an online marketplace for new and/or gently used consignment items. It stems from the concept created by folks such as Thredup that allow consumers to gain some monetary return when they are done with their clothing that in many cases were quite expensive when first purchased.
You’ll notice my bio at the end of the article, as well as details on the homepage. I make a full time income from blogging for digital marketing agencies. I get leads thanks to my simple landing page.
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).
1. Network with other local businesses. If you want local traffic, start making personal connections with other local business owners–preferably those with sites of their own. Look for ways to position your service and your site as a resource to their customers, and then request a link on their site or get permission to leave your business cards (printed with your URL, of course) in their lobby or next to their cash register. Even consider rewarding local business owners for sending traffic and leads your way by offering them a special gift, a discount off your service or even a portion of the profits.
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.
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.
It’s a good question. Because while almost all the selling and traffic generation techniques I teach work equally well for both product- and service-based business models, there are a few unique challenges faced by those selling services that warrant special discussion.
Decide what your goal is: Do you want a bit of extra income or are you looking to go full-time freelance? It takes time to ramp up a freelance business, so it’s important to know your goals from the outset.
From on-page tactics like copywriting headlines and meta-tags, to off-page tactics like building authoritative backlinks and generating social shares, everyone wants their site to be in the number one spot on Google. Lucky for you, they’ll pay you to help them get there.
There are tons of sites online that will either buy your old smartphone outright or let you list your phone for the thousands of people out there not willing to shell out $1000+ for a shiny new iPhone. Check out Orchard, Gazelle, Swappa, or Glyde to make extra money online by selling your smartphone or other electronics.
And don’t be afraid to ask for referrals. If you’ve done a good job for someone, they’ll likely be more than happy to refer their friends and business associates to you. But if you don’t ask, they’ll rarely think to do it. Don’t leave this to chance.
The most important thing you need before you do anything else is a problem. What do people need that they don’t have? What solution is currently out there that you can do better? This alone is the basis of every great startup.
If you’ve visited Amazon, you have seen products sold by third-parties with the comment “ships from Amazon.” These are sellers who send their products to Amazon fulfillment facilities, then Amazon lists the item and ships it when a buyer is found.
When you’re selling a service, however, you are the product. So establishing your credibility–essentially establishing your value–is critical to closing the sale. You need to not only establish the benefits of the service you’re offering but also establish the value of you providing this service.
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.
Although it is only in the early stages Code Academy is going to be one of those online training centres that really stands out from the crowd. More than one investor has seen the potential that is has with the Academy getting over $12.5m in investment within the first 12 months, including investments from Richard Branson and Yuri Milner.
It’s not the sort of online money making opportunity that’s covered in glory, but everyone needs a set of eyes to make sure the numbers add up at the end of the year. Every business and most individuals need someone to help prepare tax returns, especially time or resource-strapped small business owners. The Income Tax School provides an array of training programs that’ll certify you with tax prep in as little as 10 weeks, and once tax season rolls around you’ll be able to charge an average of $229 per return as a freelance tax preparer with this side business idea, reports CNBC.
CoverWallet’s platform lets you see average pricing, notifies you when you need to renew a policy or certificate, and lets you see all key policy info online – meaning no delays when you’re trying to close a new job.
I’m really interested in the wave of productized consulting that seems to be swelling up recently. To put it in layman’s terms, an individual (usually a freelancer or consultant) who has a very specific skillset packages their services up in a way that makes it appear like a product. Some people are hesitant to work with individual freelancers, but if you look and sound like a company, they are much more at ease.
You’ll also want to make your YouTube channel more easily found by adding relevant keywords under the “Advanced” section and picking your targeted country (where you think most of your viewers are). If you have a personal blog or site, add it as an “associated website.”
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’re a skilled worker in a specific niche, like marketing, design, or software development, there are specialty marketplaces that cater just to you. These are amazing places to make money online as you know that the people visiting them are looking specifically for the skills you have. Check out places like 99Designs or Dribbble for designers, Cloudpeeps for marketing and SEO professionals, and TopTal, Crew, or Gigster for high-level software developers. Once you’ve built up your development skills, you can begin building a brand for yourself as a higher-value consultant and start charging brands for larger projects like implementing an entire WordPress security overhaul or migrating a website from http to https.
Or you can instead focus on growing your own social media accounts. And if you garner enough influence within your network, you can build a business as an influencer that works with brands to promote products and services on your account.
Sites like SocialSpark offer bloggers cash for authoring and posting original copy about products or services to their sites. Just make sure to pay attention to FCC disclosure requirements when you’re getting paid to promote.
Taking a successful business model from someone else and building on it is no crime. In fact, it is how most leaders build businesses. It doesn’t always take a “stroke of genius” to get to the top. But when those once-in-a-lifetime ideas strike, your window to act may be small. I don’t accept the idea that all of the good ideas have been taken. These five unique businesses are proof that you can find prosperity, even in a market that may not have even existed when you first had your idea.
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.