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.
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.
How about setting up a business that focuses on outsourcing? Most successful service providers on the internet find that they need external help at some point. They might have a blogging client that requires logo design. They might have a guest posting service client that needs web design . Instead of actually providing the services personally, you could outsource and take a profit margin of your choice! Make sure you learn how to outsource first!
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.
Annie Pilon is a Senior Staff Writer for Small Business Trends, covering entrepreneur profiles, interviews, feature stories, community news and in-depth, expert-based guides. When she’s not writing she can be found on her personal blog Wattlebird, and exploring all that her home state of Michigan has to offer.
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?
Taking a successful business model from someone else and building on it is no crime. In fact, it is how most leaders build businesses. It doesn’t always take a “stroke of genius” to get to the top. But when those once-in-a-lifetime ideas strike, your window to act may be small. I don’t accept the idea that all of the good ideas have been taken. These five unique businesses are proof that you can find prosperity, even in a market that may not have even existed when you first had your idea.
Strategy #7: Encourage referrals and repeat customers. Always, always, always follow up with existing clients! Are they happy with the job you did for them? Is there anything else you can do for them? Do they know anyone else who might benefit from your service?
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.
Being a new teacher can be nerve wracking. Which is why so many people are looking to buy your old teaching plans to help them feel more comfortable in front of their first class. If you’re a teacher, you can make money online through a site like Teachers Pay Teachers, which lets you buy and sell your original teaching materials.
With tens of thousands of new drones being purchased, and subsequently crashed or damaged, there is an opportunity to start an online drone blog, advice, and repair business. Here’s the clever part: use a 3D printer to print good quality spare parts cheaply and use those for repairs and spares. Customers with damaged parts can order them online, have them printed, and delivered. Alternatively, they can post the damaged drone to you to your workshop, have it repaired, and sent back.
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.
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.
SEO (Search Engine Optimization) refers to getting a website to rank higher for certain “search terms” in search engines like Google. When a website ranks higher, it gets more relevant traffic and in turn, can make more revenue.
Ever see a Google result and say “How the heck did that get there?” While Google and other search engines use powerful algorithms to determine what pages to show for search results, there are real people making money online by making sure the machines are doing their job correctly.
If you love to travel and find yourself randomly searching for airfare sales or browsing Lonely Planet, why not carve out a niche for yourself as a private travel agent? My friend, Mark Jackson did just that, making extra money online with his travel consulting side business. Start with word of mouth recommendations from friends who know they can count on you for the cheapest flights, and then move on and create a Facebook or LinkedIn group to invite people who want to stay on top of the latest deals. Eventually you could spin this into a full-time consultancy teaching people how to make their dream trip a reality.
If you have a knack for organization, you can make money online as a virtual assistant helping people to keep their days in order. A virtual assistant will do everyinthing from bookkeeping to research, database entry, booking travel, and managing email. It can also be an awesome way to rub shoulders with some very important people, build up your professional network, and of course grow another stream of income. You can find great gigs on UpWork, Fiverr, Indeed, and Remote.co.
Do you love video? The bar for entry is much lower than it used to be. Now, you can create high quality videos from your smartphone. Upload those videos on a site like YouTube, and monetize it with advertisements. If you get popular enough, you can also benefit from company sponsorships.
If you don’t mind doing other people’s chores, then TaskRabbit is a great option for making money online. Earn extra income by walking your neighbor’s dog or mowing Mr. Smith’s lawn. It might seem like not the most lucrative option, but the top taskers reportedly earn as much as $7000 a month, making this a full-time way to make money online for some.
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.
Every day, there is a huge fluctuation in FX markets. If you have a combination of technical and fundamental analytical skills and some cash flow, you can become an online currency trader. Places like www.forexfactory.com are great for learning the basics. Remember, this is leveraged cash, so if you make the right decisions, you have a chance to profit big! At the same time, the risks can be high if you don’t have a money management strategy in place.
Rather than making money through subscriptions, YouTube channels are based on a traditional advertising system. Meaning the more viewers you get, the more you make. Once you’re approved for the YouTube Partner Program and can start including ads on your videos, with every 1,000 views, you will make approximately $2-$4. Which might not seem like a lot, but if you have 100 videos with 5,000 views a month each, that would be $1,000–$2,000 already. Just imagine if your videos start hitting millions of views!
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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.
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.
Building a YouTube channel is a lot like starting a blog or website, except that you’re working in video—not writing. The first step is to choose what kind of videos you’re going to create. Most successful YouTube channels fall under one of two categories:
Walk around your neighborhood or town and I’m sure you’ll see tons of great local businesses with terrible design. However, with increasingly easy-to-use tools like Adobe Illustrator, Stencil, and Visme, just about anyone with a creative mindset and a good amount of motivation can start making money online by being a graphic designer for local companies.
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’m really interested in the wave of productized consulting that seems to be swelling up recently. To put it in layman’s terms, an individual (usually a freelancer or consultant) who has a very specific skillset packages their services up in a way that makes it appear like a product. Some people are hesitant to work with individual freelancers, but if you look and sound like a company, they are much more at ease.
As long as there is still the written word, there will always be editors. Freelance editing and proofreading not only pays a decent hourly wage, it also gives you the chance to read about potentially interesting topics too. What’s more, pursuing freelance writing & editing as a business idea can afford you a lifestyle that lets you travel the world as a digital nomad. You can find lots of job postings from companies and individuals in need of writing, proofreading, and editing services on Upwork, which makes this a high-demand opportunity to make money online.
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.
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.
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Selling on eBay successfully is not easy. You need to be able to able to target a niche where the profit margins are high and competition is low. If you pick the right product (particularly unbranded products) you have a chance to import items and make huge profit margins. SaleHoo is awesome for finding suppliers.
Pitch to VCs/Angels/other investors: If you need some serious cash to grow your startup, you’ll want to put together a pitch deck and reach out to investors who might want to give you the money you need in return for a stake in your company.
And even if you’re not a big fan of reading print books, let’s not forget that we’re in the midst of the information age, when all the information you could possibly want is at your fingertips. There are tons of information out there that you can access for free that’ll teach you everything you need to know about starting a business.
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).
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.
How many postings are there for jobs similar to what you do? If there’s a decent amount and it looks like there’s steady demand, put those skills down on a shortlist and start researching the companies and industries that are hiring.
Drop shipping is fairly similar to running an affiliate store. You act as the mediator without ever touching the product. The difference between a drop shipper and affiliate is that the sale with drop shipping websites is not completely managed. You might have to set up systems to automatically make a purchase with your drop shipping company, in order for it to be sent directly to the end consumer.
The last step is deciding how you’ll market and monetize your podcast. The larger of an audience you have, the more chances you have for monetizing it. Create a basic website for your show and start sharing episodes to your network. When you’re ready to monetize there are a few options you can choose from:
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.
Like talking to people and helping walk them through problems? You can bring in extra income as a contract customer support superstar for companies all over the world. Due to the 24/7 nature of online businesses, companies are looking for people in different time zones to help deal with issues that their users are having. Better yet, if you have experience in service or retail you’ll be perfectly suited. Check out indeed or the other remote job boards I listed earlier to find opportunities.
You probably have a pretty strong idea of what makes a good website. Is the design clean and easy to navigate? Does the content make sense? Luckily, there are plenty of people out there who want to hear your thoughts. And they’ll even pay you decent money for it (most sites pay ~$10 per 20 minutes, or ~$30 per hour!)
Why not turn your hobby into an online business? You can monetize most hobbies multiple ways. You can create a blog about your hobby where you sell advertising. You could also write a book, create an online course, or provide training online. You could set up an ecommerce site where you sell your products. If you are ready to get started, check out our guide to start a small business.
If you’re a crazy-good writer, you can (and should) charge crazy-good prices. Proof is the pudding, though, right? Where has your work been published? If you haven’t been published, your “perceived value” will be less.
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.
Many college consultants—some people say education consultants—are also CPAs. You could offer college consulting, and, you guessed it, tax preparation (number 16), and you’ll be hiring on staff in no time.
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.