High-ticket consulting or coaching: You could sell your own high-ticket consulting or coaching products from your website. You'll still need a website, merchant account, sales funnel, lead magnet and many other items. But you can easily earn a substantial amount of money from each individual customer, making it well worth the arduous setup required.
However, like anything else truly worthwhile, apps require a significant investment of your time or money upfront. If you don't have the skills, then you have to hire someone who can assist you in creating a great app. But first you need to come up with an idea that will sell. Do the proper market research and analytics to come up with the right app.
Thanks for the kind words, Duby. Changing IP may work here and there, but most companies will catch up. Besides, I personally don’t think it’s right to do that. After all, the companies who spend money to conduct the surveys are trying to get feedback from people in certain places, so if I live somewhere else outside of their targeted area, my feedback isn’t going to help them. In fact it will dilute the feedback from actual targeted residents.
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.
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.
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.
First off, I’m a blogger so it seems wrong not to mention it, but more importantly, it’s a legitimate way to make money. It’s quite possibly the least straight-forward way on this list, but it’s very doable and it’s also quite possibly the funnest way on this list. I love blogging and I know hundreds of bloggers who feel the same. So let’s talk about making money blogging and what it really means.
Blogging is something that requires patience, persistence and discipline. It may mean writing everyday for over a year before you really start to see any money from it. There are exceptions to the rule, but from my dealings with other bloggers, it seems to be pretty common to spend one or even two years building your blog, your brand and your authority, before making any serious amount of money.
Also known as health information technicians, medical billers are the go-betweens for patients and healthcare providers. And, as you probably guessed, medical billers process and bill for a variety of services given to patients. If you’re thinking, “Not a lot of glamor here,” you’re right. But anyone with a high school diploma or GED can do it, and business is good.
You’ve probably noticed I write a lot about automation because it can increase productivity and profit. Huge online retailers know this, too, and they automate everything they can. But even in this age of artificial intelligence, some things still require a human being. Such things are called human intelligence tasks, or HITs, and you can earn great money completing them online through portals like Amazon’s Mechanical Turk (4).
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.
Nice list. The hardest part about most of these is just deciding to do something small to get started. After that stuff starts happening. I really like the affiliate method and I currently make some bucks with a niche affiliate product. It does require being able to analyze competition and do some SEO though but it’s a great “set and forget” way to make money. The other way I currently make an income online isn’t on your list, although point #3 touches on it. Drop shipping is a brilliant way to make some money online without cash flow and fulfillment issues. Go onto a website like Alibaba or eBay, choose a niche product, build a website using something like WordPress and Woocommerce or Shopify and run some Google or FB ads. Heck, Google will even give you free credit for ads on new accounts. Focus is key though. I found that when I tried too many things at once I didn’t see results.
Often, what happens is that we run into unscrupulous Internet Marketers (IMs) who have less-than altruistic intentions of extracting money from you rather than helping you to make it. However, this isn't something new. People have been falling for networking marketing, pyramid schemes, and affiliate marketing scams since before the start of the net.
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.
Okay. So visual artistry isn’t your thing. You can always try web development instead. If design is the facade of a website, development is the structure. The web developer is the guy who engineers the code that makes websites work. Codecademy (19) offers inexpensive online courses that will give you a solid foundation in web development in as little as a few weeks.
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.
The best part about being a YouTube Partner is that it’s free to join (although there are a few requirements but more on that later) and once you become a Partner and enable ads, you don’t have to do a single thing. Google Adsense will take care of everything for you. All you need to do is create quality videos and promote them so you can get more views.
Are you good with research and data? Are you an expert in any particular facet of business? If so, this could be a windfall for you. Trust me. I do a lot of this myself. I use my experience and expertise as an entrepreneur to offer clients advice on how to launch their own businesses. I do it all virtually, and I usually charge around $200 an hour for the service.
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.
Don't sacrifice morals for a quick buck — At the outset, you'll want to do all sorts of things to make money online, but don't sacrifice your morals for a quick buck. Not only will you put people off, but you'll lose Google's trust. You also shouldn't concern yourself with things like Adsense or other ads on a blog before you have around 100,000 visitors per day. Yes, per day.
I have to say I got curious if there were any other sites that gave free money like that and found this site that is extremely useful! I work a full time job and my boyfriend is convincing me not to work another because I tend to overwork myself. I’ve brought all of this up with him and even he is interested in doing online things to get paid. It is really going to help us out.
Great stuff Sean – as always, packed with tons of valuable information, resources, and proposed next steps. Takes the stress out of where to start and what to do. Also the love wide variety of ways you mention to make some extra coin – everything from SEO work, freelance writing, consulting, and even selling stuff you don’t need/want around the house on CL… awesome! Big-fan of #4 (pre-sell a product). Definitely something I haven’t done yet but will be experimenting with in the next few months. Thanks again man – cheers!
Things to consider, though, are the premiums and coverage. All else being equal, first dollar policies cost the insurance company more, so they will charge a higher premium. When an insurable event occurs, the driver's out of pocket costs are less, but each month or year that driver is paying more in premiums, which offsets that advantage. Also, coverage limits may be lower with the first dollar policy. This is especially likely if the premiums seem comparable with a deductible plan.
This is my number one way, and I been doing this for the last five years. This is something that almost every major university has been doing (taking their classes online) due to the huge success they saw from University of Phoenix, which set the tone for online education. It’s easier now more than ever for companies and entrepreneurs to launch online schools, and my good friend Marie Forleo is a prime example with her mega success, B-School.
So, I started reading and learning about affiliate marketing and blogging. I combined the two and after a 14-15 months of really hard work (sitting in front of computer for 14-6 hours a day and putting things I had learned, into action (building a blog, writing articles, promoting the site, etc), I started making enough money that I started believing in myself and the idea that I too could make a full time income online. From then on, I just kept on going and the income grew and grew. Now, I still work 8-10 a day on my online business, and sometimes even more. You have to constantly work and maintain it. Most people think because its online, its easy. That’s where they get it wrong.
If you have a propensity for writing and you can slay with your prose, consider writing an ebook. While the market has certainly become saturated as of late, books that help teach people about a technical topic still sell extremely well. This is a great source of passive income but does require a large amount of effort at the outset before any money is generated.
26. Services – You can offer a paid service, such as life coaching, blog coaching, goal setting or financial planning. Just be sure to investigate all the legal implications and make sure you’re not claiming to be a professional if you’re not one. With a service like this, you’re basically using your blog to sell yourself. You’ll need to convince people that you’re worth buying and then be able to back up your claims once they purchase your service.