Take a look at what problems you’re facing right now in your life, whether it’s something that annoys you a little bit, or something that can potentially uproot your entire day. See if you can find a solution to that problem, if you’re experiencing this issue, you can be pretty sure there are others out there who are going through the same thing.
There’s an audience for everything, whether it’s making dollhouse furniture or creating organic dog food. With a specialty e-commerce store, you can reach those customers who are seeking your specific products. All you need is a web-hosting service with an integrated shopping cart feature or with e-commerce software, and your business will be operational in no time. You can even work with vendors to ship products to customers on your behalf, which means you don’t need to own a lot of inventory. [See Related Story: A Small Business Guide to E-Commerce Shipping]
Bluehost even has a nifty domain name availability checker you can use right here to quickly find out whether or not your desired website URL is available (and if it’s not, they’ll give you suggestions on the next best idea):
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.
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.
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.
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.
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
When was the last time you went to a new restaurant without looking it up online beforehand? Or bought a product that didn’t have at least a few 5-star reviews? It seems like more and more our world is run on reviews. And you can make money online by writing them. Get started by creating accounts on sites like Vindale research, Software Judge, FameBit, CrowdTap, Influence Central, and Modern Mom. However, before you run off and start writing, be sure to check the small print on each of these sites. Writing reviews isn’t a huge source of guaranteed income and you want to make sure that it’s worth your time before you get going.
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.
Similar to selling your freelance services, you can also start selling your knowledge and advice in an area you specialize in as a coach or consultant. If you can bill yourself as an expert, there are tons of people out there willing to pay for your time.
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.
2. Take advantage of sites like eLance.com. Depending on the type of service you offer, professional services marketplaces like eLance.com , FreeLance.com and Daylo.com may be a great source of clients and leads. Post your qualifications and bid on posted jobs, using your website to help close the deal once you’ve entered into a one-on-one discussion with a potential client.
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.
Has anyone ever told you you have a voice for radio? Are you great at creating original characters with just your voice? There are tons of people looking to pay for quality voice overs for their corporate videos, animation series, or educational videos. Check out Fiverr and UpWork or create a profile on a specialized site like Voices.com or The Voice Realm to get started making money online doing voice overs.
Every day, couples in love get engaged. And every day, couples who have fallen out of love separate or break an engagement. When the latter happened to Josh Opperman, his fiancee was kind enough to return the engagement ring, and he didn’t know what to do with it. Since the wholesale markup on engagement rings is insanely high, he would have taken a huge loss in returning it. So instead, he started his business, I Do Now I Don’t, an online marketplace for unwanted engagement rings. Customers can buy rings at prices far cheaper than you’d find at a traditional store, and you can sell at rates that are better than you’d get if you tried to return the ring. Business started booming, and now you can buy and sell other jewelry items there too.
Boat sharing creates a unique, private boating experience for everything from sunset cruises and snorkeling excursions to fishing charters or parties at the sandbar. You can own the experience, not the boat!
Instead, go with a self-hosted site (like my blog here is)—this means your blog will be hosted on your own server and you’ll have full control over it. There are tons of highly reputable, affordable companies you can choose to host your website, like Bluehost, Kinsta, or A2 Hosting.
Strategy #4: Make it easy for leads to contact you. Here’s another obvious one. But I bring it up because I’m continually shocked by how difficult some sites make it for visitors to contact them. If you’re selling a service over the web, then you’re generating leads–your goal is to compel visitors to contact you.
If you design a wildly popular app (which is harder than it sounds), you might be pleasantly surprised with the income they generate. Offering one or more apps at the iTunes or Android app store gives your creations wide exposure to prospects. And income can be generated by charging for the app, displaying in-app ads, or charging for in-app features and upgrades.
Consequently, they’re looking for Facebook ad specialists to step in and do it for them. Luckily, this is something you can learn fairly quickly. Once you do, you can reach out to businesses and offer to help create profitable Facebook ads.
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.
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.
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.)
The second part of the equation is consistency, as you can’t build a strong social media following without consistency. While you can post onto your preferred social media platform manually, it can end up becoming a real chore.
Consider building a Shopify store. Shopify is a system built for ecommerce. With some basic web knowledge, you can set up a good-looking store very quickly, with a low-cost investment and with no coding needed. Shopify has a 30-day free trial too, so you can get started without spending a dime.
If you are not familiar with some of the prices that domains have been sold for, then the all time list here is worth looking out. Checkout hotels.com, which went for $9,500,000! One of the highest domain sales back in 2012 was silver.com which sold for $875,000.
To keep things simple, though, I’d recommend creating an ebook. You really can’t go wrong with the trusty ebook, as it’s a fantastic way to provide your audience with quality content, introduce them to your brand, and establish yourself as an expert in your space.
E-mail has made following up with your existing clients extremely easy and cost-effective, so there’s no excuse for not taking advantage of this source of easy extra income. Don’t be afraid to remind previous customers that you’re there.
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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.
If you need to brush up on your sales skills, check out online courses like Sales Training and Prospecting on Udemy, The Guide to Pitching and Selling Clients on CreativeLive. And once you’re ready, head over to Angel List and see if there any open sales position opportunities align with your interests.
Strategy #2: Be specific about exactly what you’re offering. We’ve already talked a bit about this, but this is such a common mistake I see website owners making–whether they’re selling a service or a product–that I think it warrants further explanation.
Once you’ve gathered a list, put together a template outreach email (as you’ll be doing this over and over) that’s short and clear with expectations. Tell your potential interviewee who you are, what your podcast is about, and what you’re asking of them. Do a few test interviews with friends and family to make sure everything is being recorded at the quality you want and then book your first episode.
Another great way to make money is to find things in your area that are free or cheap, and then sell them online. Many people hunt through local thrift stores for rare collectibles, vintage styles or cheap-as-dirt books or media to mark up and resell online.
I talk a lot about how to start a blog on this website, and for good reason. In 2018, it’s easier to start a blog than ever before, and your blog can also be a big potential source of income (if you know how to monetize it).
You know you have the right product, who your customer is, and how to set up your business. It’s time to get the physical product. We’ll walk you through different ways to source your product and how to avoid common pitfalls.