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.
Nick Reese has done an incredible job of building websites, developing outstanding searchable content and selling other people’s products on his sites. He gets a commission on every sale or lead he sends to the company. So he never had to create his own product in order to build his business (he has since branched out into other areas that you can check out on his new site). Pat Flynn also does an amazing job at this, and he actually shows how much he generates on a monthly basis from his affiliates here.
Ever since the idea of online auctions came into existence, the online selling market has been on the rise. Many are interested, but don’t know how to get started. There are still all kinds of ways to make money by selling online, whether you’re selling what you already have or buying and selling like a store. Before we get started, here are a few general tips when selling anything online:
18. CraigsList – Some things don’t ship very well. Other things may make you feel uncomfortable to sell to someone across the country. Anytime you’re selling a large item or something you just don’t want to ship, Craigslist is a great place to go. It’s simple to list your item (again, take good pictures!). If you don’t like the idea of putting your phone number out there, the interested individual can send you a message to your inbox without even getting your email address.
First dollar insurance plans have higher premiums because the insurer is bearing a greater risk for the insured item. For example, with a first dollar health insurance plan, the insurance company will charge the customer higher premiums since the insurer begins payment with the first covered service the patient receives. First dollar coverage tends to be less prevalent in the home and car insurance industry because of the higher premiums.
The biggest advice I can give is to pick a small niche, set up a site and start experimenting. Make mistakes and learn from them. That’s the only way you are going to succeed. Of course, have realistic expectations. It took me more than 1-2 years to start making decent money. But the beauty of it is that once you make that first dollar, you know it works and at that point it just becomes a matter of scaling it up, working harder and smarter to scale up your business.
Mechanical Turk: Amazon's Mechanical Turk is a resource for doing human-intelligence tasks, or as the site commonly refers to them, HITs. You get paid a very small fee for any given HIT and you'll need a good deal of volume to make a substantial amount of money. But it is a resource you can use in your spare time to generate a small income online.
People are turning to audio and visuals when it comes to technical subjects. However, you should consider doing an ebook first and turning it into an audiobook through a resource like Audible's ACX platform. You can hire a producer either through a royalty share program, so you don't have to shell out upfront cash, or you can do a pay-per-hour hire as well.
But has anybody ever heard of anything like that from Amazon. I can show you proof of everything. I have their emails, I have pictures of the locked codes, I saved everything because I am planning to take them to court, probably a class action, and I am planning to file several complaints on them starting with BBB, and perhaps even contacting the authorities on them. Please if anyone has any advice I would appreciate it
21. Facebook – Facebook swap shops are great for selling things locally. It’s like CraigsList, but a little easier. You simply search for swap shops in your area and ask to join the group. Once you’re in, take a picture of the item, write a quick description with the price and post it. It doesn’t get much easier than that. You can generally expect to get about what you would get at a yard sale, maybe a little more.
Are you a professional in a field that can help answer questions for people looking for your expertise? Websites like JustAnswer and LivePerson match you up with people looking for answers to technical or professional questions. You can make money online by simply answering these questions and providing the right information to people based on their individualistic circumstances.
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!
Earning by comments will require you to have your own Blogs and Websites. You will then share these dedicated domains (Owned by You) in the comment window. If an option to add your URL or website is not available, then you do not include links. You contact the site support first and get permission to share your URL. Oh, and NEVER share affiliate links in comments.
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.
Really good article with some great tips. Affiliate marketing has the potential to earn lots of money and I'm hoping I can make it happen. I have tried the matched betting and it DEFINITELY works. The one thing I would say is that you need to check that any bets have been accepted by the bookmaker. I have had on occasion bets which look like they have been accepted but don't register in my account. Always go into your account and check outstanding bets or your bet history.
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.
Great ideas Sean! Right now I’m thinking on making e-commerce websites for small businesses. As good as it sounds, i however do not want to rush in getting clients. I thought it would be better to make an e-commerce website for my mum who makes tasty Indonesian snacks to start out with. The keyword has average 4,000 monthly searches, low competition and high demand. I will take things from there only after my mum’s e-commerce business picks up.
For example, let’s say you signed up to become an Amazon Associate so you can make money as an affiliate of Amazon. You then create a gardening video showing people how to plant a small tree. Find the exact shovel you are using in the video, on Amazon, get your affiliate link and put it in the description of your video so people who are interested can buy the same shovel on Amazon. For every person that buys the shovel, you earn a commission.
In most cases, when it’s too good to be true…then it normally is. A good way to check would be to first analyse the site and ensure it is in fact indexed in Google. There is no such thing as “Instant Riches”. I agree with Satrap, if you want to make a lot of money online then you’re going to sacrifice the needed time. Making money online is an art, not a contest.
Be professional. When you submit a résumé, don’t type it in ALL CAPS and please don’t avoid the caps lock like the plague. Know how to use it without looking incompetent. Write in complete sentences with proper grammar. Of course, there will be exceptions, but even with the exceptions, you must keep it professional. You’re building their view of you.