Depending on what hosting service you decide to go with, the initial cost can potentially be as low as $5 a month. On average though, purchasing a single domain name and setting up a basic wordpress site shouldn’t cost you more than $10, leaving you with just enough to invest into your site’s design.
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.
Whether it’s an important consumer application, a specialist app to solve a particular niche problem, or even a time-wasting game you can play on your phone, you can create a massively successful business if you build software that helps people. (Look at the rise of Slack—the team communication software that went from side project to billion-dollar company in just 2 years.)
If you want to clear some space out in your house and have a big stack of books you’ve been holding onto for too long, you can make money selling your books and textbooks online. Stores like Half Priced Books and others will give you cents on the dollar for each of your current books while you can check what your book is worth by simply entering the ISBN number on Book Scouter.
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!
Though recycling has been popular for years, practical-use items made from recyclable items and materials are quickly becoming more desirable. From clothes and bags to water bottles and wallets, these unique items are high-quality goods that let people show off the positive difference they’re making for the environment. Alchemy Goods was originally born not out of ingenuity, but of necessity.
I’d also recommend getting a second set of eyes to go through your writing as well, just to make sure that there aren’t any grammatical errors or spelling mistakes. You can simply ask a friend to do this for you, or if you don’t mind spending a little bit more then you can find a professional copy editor to do it for you.
Here’s the secret sauce: If you can launch your book and get a few hundred sales in the first week, Amazon will take over and start promoting it for you. This way you can make some real money from it. It’s actually easier than it sounds, but we’ll get to that in a minute.
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.
It gives you a place to deliver your content, allows your community members to interact with each other, allows you to limit access to qualified members, and also allows you to moderate and control the group.
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.
Once you’ve launched your blog (or niche website), the next step is figuring out which products and companies you can partner with as an affiliate to help facilitate sales of a related, helpful product for your audience of future readers.
Of course, there’s a higher price per product and your margins are lower, but you’re able to start your online store with little more than a Shopify theme and some hosted images of your products. When a customer makes a purchase, you in turn buy the product from your supplier who then ships it directly to your customer.
The best way would be mention the idea to your friends and share on social media that you’re looking for a developer/partner, if you can find a friend of a friend or someone you can meet face to face with and give them your pitch then that already increases your odds of finding someone interested in an equal partnership.
Courses and other knowledge products like e-books, are what’s called passive income. That simply means that once the upfront time and effort is put in, with just a bit of regular upkeep and marketing you’ll be able to continue to sell and make money from them for months and years.
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.
Ask yourself, “Is the product in a growth market?” If your market has already passed its peak (i.e. the VCR market) and is on the down slope, you probably don’t want to get involved. Instead, you want to get into an industry that’s on the upswing – that’s where you’ll have the most profit and growth potential.
Your favorite artist, musician, or entrepreneur often needs help maintaining their fan pages on Twitter and Facebook. If you have a bit of a background in social media you can make money online looking after these pages by looking for jobs on Fiverr.
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.
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.
Now, it’s time to start creating and uploading content. Make sure you’re using a high-enough quality camera (most smartphones will work but I’d suggest at least having a tripod so your footage isn’t shaky), but don’t worry about being perfect at first. The beauty of YouTube is that you can continue to test out different content and styles as you find what works for you. Instead, stick to a regular schedule to build up your subscriber base.
So you must walk a fine line, making sure that you keep confidential client information confidential, while (1) proving that you’ve satisfied the needs of other clients like them with great results and (2) demonstrating your ability to customize your service to meet their personal, unique needs.
Another way to utilize your talent and business skills is to run corporate workshops online. Businesses are always looking for unique ways to help educate their workforce, and if you can package your talents into a day or half-day long session, you can sell that to companies all over the world to make money online. Start by building a portfolio and then reaching out on LinkedIn to influencers at relevant companies to see if they would be interested in you teaching their team.
But he managed to sell a necklace for $200, and with that $200, Branson finally had the money to call potential advertisers for his fledgling magazine. The rest, as they say, is history. That $200 would eventually grow into the Virgin Group, now a multibillion-dollar brand, operating in industries ranging from aerospace to communications.
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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.
Once you have that problem or need nailed, the next step is to validate that idea and make sure you’ve actually got customers who will pay for it. This means building a minimum viable product, getting objective feedback from real customers, incorporating updates, testing the market for demand, and getting pricing feedback to ensure there’s enough of a margin between your costs and what consumers are willing to pay.
If editing and advising college students on how to write compelling 500 word essays on topics such as “You were just invited to speak at the White House. Write your speech,” seems like something you would want to do, you can make good money online.
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.
“I have true agency over my work, because I know what I stand for and I have tools to fix the things that I encounter in my life,” Kanyi Maqubela told Fast Company about the course he took as a Student at Stanford.