For one, you’ll want to have a high level of domain experience within the industry your startup is going to operate. This means a deep understanding of your customers, the issues they face, and an idea of potential solutions they’ll be willing to pay for. This is the minimum you need to get started.
Starting a podcast, like making a YouTube channel or blog, comes down to telling interesting stories and building an engaged audience. I’m probably sounding like a broken record by now, but you need a niche that you’re interested in and there’s already a demand for. Come up with a list of topics you’d like to talk about and then search iTunes charts, Google Trends and other podcast research sites like cast.market to see what’s currently out there and popular.
If you’re serious about making money selling things online, it’s pretty much impossible to not recommend Shopify. The platform gives you everything you need to get your online store up and running in less than a day including a custom domain, beautiful templates (so you don’t need design skills), secure payment options, and they can even take care of marketing and shipping for you. Whether you’re selling your own products, designs, or curating other products for people in your niche, Shopify is the best option for powering your online store.
You might not have even heard of Zappos, an online shoe store. Well, that goes to show how big the internet really is and how big your online business could be. Maybe it might even come to close to the acquisition of Zappos by Amazon for a reported $900,000,000.
Amazon Mechanical Turk is a service that lets you make money online through doing paid microtasks. Each task is something simple that requires human interaction like rating search results, checking for the right spelling on search terms, categorizing the tone of an article, or even basic translating. You can do these tasks from anywhere you want and make money online from the world’s largest e-retailer.
Do you love teaching people something new? Are people always asking you to teach them how to do a specific task? If you answered yes to both of these questions, you should definitely create a course. Sites like Udemy and TutsPlus are always looking for new instructors and class ideas.
Strategy #1: Establish your credibility. When you sell a service, you’re typically selling a relationship with yourself. And this requires spending more time and effort establishing your credibility and developing a rapport with your visitors than is typically required on a site selling a physical product.
A virtual assistant is a great job to have if you want flexibility. You’ll be able to maintain multiple clients at once which mean you can easily fill gaps in your week or work overtime if you need to. A virtual assistant will generally charge £15-20 depending on the specifics of their job role. Expect to be assisting with tasks such as blogger outreach, product listings, research and responding to emails.
Some sites allow you to sell your prized photos, video b-roll, original music or illustrations while giving you the option of licensing resale rights for free. This will give you royalties for each use of your photos, videos or music, resulting in longer-term residual income.
Most services pay anywhere from $15 to $25 per hour of transcribed audio. If you specialize and have training in legal or medical transcription you can make even more. If you’re a beginner transcriptionist you can find jobs at Transcribe Anywhere, TranscribeMe, Quicktate, Rev, Tigerfish, and Crowdsurf.
If you can consistently provide companies with successful social media campaigns and improve their profiles, they will pay. Clorox Bleach had some huge success with one of their recent social media campaigns.
If you’re a longtime reader of Foundr, you’ll be familiar with this simple tool. If you’re not, the business model canvas is basically a worksheet that helps break down the nine essential elements of your business. It’ll allow you to take an objective look at your business idea and consider areas that you might not have thought about before.
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.
Resume writing can be one of the most difficult tasks ever. If it’s not difficult for you, consider a career in resume writing. While you may not have repeat business, you’ll get a lot of great referral traffic.
Not only is Airbnb a great way to make extra money online by renting out your spare bedroom, but you also get the benefit of meeting new people (if that’s your kind of thing). You can even rent out an entirely new apartment just to manage as an Airbnb.
A lead magnet is basically a piece of content that you give away for for free to potential customers, in order to capture their attention and convince them to hand over their contact information. Most people aren’t going to sign up to your mailing list just for the sake of it, so a lead magnet allows you to ask for something in exchange for something your audience finds valuable.
Educational content: People always want to find the quickest way to learn something new. And YouTube searches including the phrase “How to” are growing 70% year over year, making YouTube an incredible place to teach what you know.
Once you hit the 1,000 subscriber/4,000 hour threshold, you can start monetizing your videos by selecting “Monetize with ads” under the Monetization tab of your channel. While it can take a while to build up a decent following for your YouTube channel, it can be a lot of fun to do as well as become a steady source of extra income.
At the forefront of the internet revolution has been ecommerce stores. Nowadays you can get an easy to use, fully functional ecommerce store design for as little as £500; then you just need a domain and hosting. Of course, how much you profit depends on your methods and effectiveness of marketing which might include:
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.
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.
For example, a site that sells a product like gift baskets might include some brief “About Us” information that gives details about who the website owners are, why they started their business and how long they’ve been online.
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If you have an interest or skill in web development, there is a big demand for designers to build winning sites for businesses or organizations. Sites like eLance.com are a good place to start to find clients and build your portfolio.