Job well done, Satrap. The first thing I look for in a site like this are signs that the author is being paid to hype the companies. It’s very tough to find good information that isn’t stricken with bias. There were a couple of times during the article where I actually got excited thinking, ‘Hey, I could do that. I’d actually LOVE to do that.” That being said, I can’t help noticing that you refer to all of it as “extra” or “supplemental”income. Are you saying that with all of these options, sticking to one’s regular “day job” is required? In your experience, if someone really commits to doing this, is it possible to earn a decent living? Cubicles suck.
If you’re just starting out in the online business world, you may find it much easier to build a business around a service rather than a product. It is much more straightforward to start, has fewer regulations, and is more sustainable overall. Even if your ultimate goal is to build a product-based business, you should start with a service and build towards that goal.
28. Subscription – If you think of something valuable (newsletter, online magazine, etc.) that you can consistently offer on a certain basis (weekly, monthly, etc.), you may want to offer a subscription service. This could be a fee charged each time your product is sent out or on a monthly basis. Either way, this has to be something that your customers can only get by subscribing to your website.
You could also opt to use existing websites for making money. These include both active income and passive income methods. For example, you could sell some used items or invest in creating some digital designs that then can be sold on merchandise. Again, devote a sizable portion of your time to passive income so that you can slowly build up earnings that will arrive on autopilot without any extra added effort.
Providing a service may be the easiest way to start because you don’t need any investment to get this going. My podcast editor Ian Robinson is helping podcast creators edit their shows to increase production value. There are many different ways to provide a service and it’s just about realizing where your talent lies and what solution you can provide for others.
SwagBucks PayPal gift card redemption is definitely not instant. Their website says it can take up to 10 business days. I have cashed in several PayPal gift cards with them and it could take anywhere from 24 hours to the full 10 days to receive them. About 5 business days seems to be most common. Don’t get me wrong…I love earning with SwagBucks. But Paypal payment is definitely not instant.
When you lack the luxury of time, making money on or offline can seem like an impossible task. How are you supposed to do that when you're working at a life-sucking nine-to-five job? While the stability of full-time employment might allow most to sleep well at night, it doesn't empower your creative juices to search for new income-producing strategies.
Your online business should be something that not only makes you money but also brings you happiness as well. If you are not in the least interested in what you’re working on, you may lose steam and end up abandoning your site early on. Return to the lists you made before and remind yourself of what you really like, so that you can make sure to go the distance with your site.
If you're interested in online marketing, setup email software and create a lead magnet that you can use in your sales funnel. Then, build up that list. It's often said that you can expect to earn about $1 per subscriber per month. If you have a list of 10,000 subscribers, that means you can earn roughly around $10,000 per month. You will need to deliver value and not pitch them on every email, but it is a very achievable goal in a short period.
Assume that a driver damages their car when driving into the garage. They take the car to a body shop and the damage is estimated at $3,000. Typically, in this situation, the person may opt to pay to fix the damage themselves, or if they can't afford the upfront cost they may file an auto insurance claim. Filing a claim usually involves paying a deductible, such as $250, $500, or $1,000 depending on the insurance policy. Lower deductibles typically have higher insurance premiums.
What makes making money as an online English teacher particularly interesting and easy with sites like VIPKID is the fact that you don’t have to spend any time or money trying to find paying clients. VIPKID is a huge platform with hundreds of thousands of paying students. The site takes care of everything for you. Bringing you students, scheduling classes, pay, etc. All you have to do is set up your own schedule (yes, you get to decide when you want to work!) and teach during those hours.
No matter what method you choose to make money online, understand that you might be able to make some money fast, but for the sizable returns, you'll need significant sweat equity. However, a year from now, you'll be happy you started today. Remember, time is far more valuable than money. Focus on creating passive income streams that will free up your time so that you can quit the rat race and focus on the things that matter.
Now, unfortunately, there are a lot of scams when it comes to GPT sites. So it’s best to stick with well known, trusted sites that have been around for a while. You don’t want to complete offers for a month then when it’s time to cash out your earning find out that the site no longer exist. Trust me, I have seen a lot of “here today, gone tomorrow” rewards sites.
Research other listings in your city on AirBnB and see what the going rate is for a place like yours. You could also just rent out a private room as well or even a bed in a shared room. In fact, that's how AirBnB got its start. However, you might find it hard in the beginning without reviews, but as long as you take really good care of your guests and provide a lot of value, the reviews will eventually come rolling in.
19. eBay – Of course you can’t read an article about making money online that doesn’t mention eBay. You can start an eBay store and get serious about it or you can just sell some stuff to declutter your home. Either way, I’ve made my fair share from selling on eBay and it’s still a popular way to earn money. If you decide to start an actual eBay store, you’ll want to find a drop-ship business like Doba that will store and ship items straight to your customers so you don’t have to deal with an inventory.