My next self-funded business hit $160,000 in revenue in its first year alone. After that first taste of self-made success, I’ve gone on to sign consulting contracts worth tens of thousands of dollars with startups like LinkedIn and Google, launch profitable online courses, and build a following of hundreds of thousands for this blog and my podcast series.
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.
Is your closet bursting with clothes you’re simply not wearing anymore? Rather than take them to a local thrift or consignment store, you can make money online by renting to selling your clothes. Check out sites like Tradesy, SnapGoods.com, Loanables.com, and RentNotBuy.com.
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.
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.
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.
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.
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.
The key thing to remember is that at this point you’re not trying to build a fantastic, well-developed website just yet. All you’re trying to do is create an MVP website that you can start directing your customers and potential audience to.
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.
As you grow your podcast, you can offer paid sponsorships and sell your own products and services. Through the podcast, you’ll be able to earn the trust of your listeners, which makes them that much more likely to buy what you have to offer.
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.
Blogging is not capital intensive, but there is a high potential for return. The best bloggers make 6 figures monthly. Even if you are just blogging as a hobby, it will teach you the basics that you need to know for an online business, such as web design, content creation, SEO, and advertising. These skills are essential for any other type of online business.
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.
They will ship any item from the U.S. to anywhere in the world – in the most personal, transparent, and fast way possible. There are many items, such as tech gadgets or fashion brands, that are only available in the U.S. I have used this service myself many times to get items shipped to Italy – such as the newest Jawbone UP3 fitness tracker. They are always very responsive and great!
Learning how to earn money online as an affiliate isn’t easy. But there are lots of people worldwide that are making over $1,000,000 a year doing it. Most will not be a successful unless they have some formal help and training. Affiliate stores are web stores where people purchase items on a site, but through a third party.
There are freelance sites, such as the popular oDesk, that often have jobs for virtual assistants. Just as with physical assistant positions, you will get paid for helping executives with a wide variety of tasks.
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.
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.
Do you have an expertise that you’d like to help people with? Then Skype coaching may be a potential option for you. Basically, you hop on Skype and provide assistance to your coaching clients. This can come in the form of daily, weekly, or monthly calls.
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.
I tried it and received an unusual, metal, spider-like object. It winds up and moves along the floor or tabletop. I looked it up and found that it usually retails for about $28. While I wouldn’t necessarily have bought it in the first place, for $10 I got a pretty good deal.
Are you interested in home decor? Do you love re-imagining home spaces? Consider a career as an online interior decor. You can create mood boards, set up design strategies, and make furniture and fabric recommendations all online.
No matter how much free information there is out there in the world, nothing really beats learning directly from the experts themselves. But in order to do that, you’re going to need to be able to get in touch with them first.
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.
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.
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.
Ask yourself, “Is the product expensive?” There are costs associated with manufacturing, distribution, reselling, etc. If your product isn’t expensive (at least $50 or more), there may be no profit left by the time you sell the product.
When you sell a service, you are the product, whether you’re a real estate agent, doctor, lawyer, bed & breakfast owner, auto-mechanic, caterer, hair stylist, fitness trainer, accountant, investment advisor, childcare provider, housekeeper, dog walker, landscaper, whatever.
There are quite literally hundreds of clever ways to make money online. From taking online surveys, to renting or selling your old clothes, flipping your iPhone to someone in a different country, and even buying low-cost products locally, just to resell them for a higher price on Amazon. There’s truly no shortage of unique ways to make money online.
I planned to pin this to a Pinterest board by the time I was done reading it, but Pinterest rejects it simply because there is no image to be found on this page that can be used. Which gave me one more idea that you should add to this list…a business plan to seek out good articles with plenty of content out there that need photos! LoL not trying to be a smart ass, but since getting more and more into Pinterest, I can definitely see opportunity in taking content that already exists and retrofitting it for multiple platforms for continued exposure. Could be as simple as blog writers handing their article over to a company for review, in order to decide what types of media can be plugged into it that compliment the article and the point. To me, it almost seems as easy as a service offering to translate articles from one language to another by someone who is fluent in both. If I wrote blogs, I’d consider almost having a checklist of all types of media and platforms that I’d try and hit every single one of them with each story or post written.
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.