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.
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.
There’s plenty of work and clients to be found. If you know where to look. To start, you need to know if there is enough demand for your skill to make it worth the effort to go out looking for work. Start by searching freelancer job boards on UpWork, Freelancer, Guru or one of the dozens of other skill-specific freelance job boards.
Pitch, cold email, and sign your first clients: Now it’s time to go after clients. Mention them in your content. Reach out to them over email or LinkedIn. Tailor your pitch to show what kind of value you bring to the table. (You can even read my personal cold email templates).
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.
The website Fiverr promotes members’ talent in multiple disciplines and connects them to people looking to pay for those skills. For example, if you’re a digital photo editing guru, you might find freelance projects you can complete for compensation.
One last quick thing to note before we dive in: I’m going to be talking a lot about your niche for every way of making money online that we cover here. If you’re unfamiliar with this term, all it means is your unique topic, angle, market, audience, or voice that will make people stand up and notice your business.
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.
Build your list by creating a lead magnet. ($10) An eBook is as low-cost as you get when it comes to lead magnets. You can easily find someone to create a great-looking design for you for $10 or less. Total cost so far: $107
My favorite online business idea is a service that solves a problem, gives back to the environment, and can financially assist any charity across the U.S. I started My Kid’s Threads, an online consignment service that features amazing high-end designer children’s clothing for purchase or consignment, after working 15 years in eCommerce for Fortune 500 companies. Busy families love the convenience of shopping online, saving money, and giving back to charities or earning some cash for their kids’ outgrown clothing.
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.
We personally use Infusionsoft at Foundr, because we have a subscriber list of over 300,000 people. For someone just starting out, however, there are several tools out there that you can use to get your email marketing into shape and even create automated email campaigns.
Affilorama is a great resource for anyone looking at starting their journey in affiliate marketing. The email marketer’s best friend is their email list; you have to have an email list! I use Aweber to collect subscribers.
Set up a website for your business. ($30 – $60) Go to a hosting service, purchase a domain, find a nice website theme or find a designer. Setting up your first landing page is quick, easy, and most importantly, cheap. Total cost so far: $77
More and more companies and startups especially are embracing remote work—where you use online collaboration and communication tools to do your work from wherever you want. And you don’t have to be a 20-something hotshot designer or coder to reap the benefits of working remotely. Many remote positions are for customer support positions or other customer-facing positions that don’t require specialized skill sets.
Teaching and tutoring English as a second language is a great way to make money online, not to mention open some doors for you to travel the world if you’d like. While full ESL (English as a Second Language) accreditation is recommended, as long as you’re a native speaker and have the ability to teach, there are people in countries such as Hong Kong or the UAE who are willing to pay upwards of $25/hr for you to tutor them English via Skype. Check out Indeed, Learn4Good and Remote.co for remote english tutoring jobs or sign up on a specialized site like VerbalPlanet or Chegg Tutors.
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.
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.
In 2017, there were almost 90 million pet dogs in the US. Which has opened up a huge opportunity to make money online as a dog watcher or sitter. Specialized sites like Rover or Care.com connect pet owners with pet walkers, sitters, and boarding houses to help look after their best friends when they’re at work or on a trip. If you’re an animal lover, you can make extra money and get to spend some quality time with a furry friend.
Also, stay in your lane. Proclaiming you’re an expert at everything will make people trust you less. Find your niche (health, finance, small business, marketing, etc) and become a 1%-er writer in that space.
If you’re looking to build a true online business, or start a side business idea that has the potential to truly change your life (and you’re not afraid of investing months & years of work into the business), this where you should start.
Shipping restrictions, zoning laws, and trademark considerations. These can all make or break your business. With this list, you can avoid the ecommerce landmines that derail your business before it gets off the ground.
With $200 and his wits, Branson started an empire. That got me thinking—with all the technology within entrepreneurs’ grasps, what’s the minimum you’d need these days, realistically, to start an online business?
Online sites like Etsy and ArtFire are platforms that make it extremely easy for crafters who can produce a steady supply of quality handmade items, like crocheted blankets or unique painted glassware. Startup costs are extremely low if you purchase your materials in bulk from a craft supplier, and if you can turn around orders quickly, you’ll be making a profit in no time at all. It’s even possible to turn your store into a full-time gig.
If you’re willing to take on some risk and have the heart of a true hustler, you can make extra money online doing commission-only sales for startups and other businesses. While you won’t be getting a regular salary, with the right sales strategies and skills as an inside sales rep, you can make decent money for each sale you bring in. And because you’ll most likely be working with startups, if you can negotiate a little equity you could profit big time if you’re pitching a solid product and the startup succeeds.
Of course, that’s a simplified version of everything it takes to build your startup. Luckily, there is now more support, education, and access to funding for budding startups than ever before. And a great place to start is with this list of 101 best free and cheap online business courses for entrepreneurs I put together.