Because smartphones are everywhere, the demand for new and creative apps is increasing in popularity more than ever before. Between Google’s Android and Apple’s iPhone market, people are using countless apps everyday. And, most of them are selling right and left. Taking the time to develop and sell a smartphone app may be worth your while since it’s a very lucrative way to earn money online. The apps cost almost nothing to actually develop and don’t involve any shipping or storage costs, which works to expand your overall profit margin. Well performing apps can make thousands in ad revenue each month for their creators, making them another great passive income strategy.
My local Craigslist.org is the first place I go to sell something. It’s best for items you think will appeal to everyone (therefore justifying the smaller audience) and large items that can’t be shipped. Craigslist.org is great for taking your yard sale items online for local sales. For example, a friend recently bought two fans from people that live close to him. These one-off type items do very well on Craigslist. Just remember to use common sense and be safe out there.
BigCommerce is a turn-key solution for online entrepreneurs that gives you a number of built-in features, including several marketing options that allow you to find (and woo) your target customers. Also, their product comes with integrated education to help you make the most of your online store. And you’ll get excellent loading speed, payment security, and site functionality.
It can take time to build up your personal freelance business. Yet, there is more demand than ever for freelancers. So, if you want to kick start making money online through freelancing you can join one of the top freelance networks, such as Flexjobs, SolidGigs, Contena, Upwork, Fiverr, or PeoplePerHour. Sign up, build your profile, upload some samples of your work and start making extra money by doing small freelance jobs.
There are actually more deals out there like this than you’d believe, thanks to the fact that sellers list used textbooks for low prices on Amazon all the time, not realizing they could trade that book into Amazon for more money. For example, you might see a Biology 101 textbook that has a used price of $45 and an Amazon trade-in price of $70 – meaning you could buy it and trade it right back in for about a $25 profit.
Have you heard of peer-to-peer lending? It’s a financial system that matches borrowers with investors that are willing to fund their loans. As an investor, you act as the bank and fund projects that have promising potential returns. Using a service like Lending Club takes the guesswork out of determining who is a potentially good fit for your money. They screen potential investments, determine your risk, and assign a percent expected return on your investment.
As internet-based businesses go, affiliate marketing has huge income potential. And as mentioned earlier, once it’s set up properly the income from it can be almost 100% passive. In fact, this is how I quit my job originally. I built lots of little niche sites that eventually were bringing in income of over $10,000 a month! So, I say “Adios!” to my day job and I’ve never looked back.
Working online could actually earn you more if you play your cards well. For example, if you take on two jobs a day, you will earn less than a person who does five jobs a day. Your earnings fully depend on how much expertise you have and how willing you are to work. This means that you get value for your time and effort as opposed to working in an office for a fixed salary at the end of the month.
Textbooks cost hundreds of dollars. It’s not uncommon for engineering and healthcare-related books to come in just below $1,000. But with the high cost of textbooks comes opportunity. Flipping them for profit. By using a service like BookScouter, you can instantly compare book prices across 44 different vendors. You pick the one that offers the best price and voila. Book sold.
But first, a caveat: Meal sharing platforms operate in a legal gray area. The food service industry is heavily regulated, and many jurisdictions make it all but impossible for home cooks to profit from their passions. At a minimum, you need to make sure you comply with all local health department directives and obtain all applicable licenses before you begin inviting diners into your home.
As you start regularly putting out content, you’ll hopefully start to build a bit of an audience. But to start seeing real money from YouTube you need to market your videos elsewhere. Share your channel on Twitter and Facebook. Distribute videos anywhere else you can think of. Also, interact with comments and build a community around the videos you’re making so people will share it with their friends.
Selling clothes you no longer wear is a quick way to make some money. Start with local consignment shops for faster cash, or use sites like ThredUp and Poshmark to find buyers. If you go the online route, be sure to take clear, well-lit photos of your pieces and research similar items to set competitive prices. Get tips on how to sell your clothing.
Rent out a parking spot. If you live in a busy or congested area and have parking to spare, you might be able to rent out your parking space for some quick cash when you’re not using it. Simply advertise your open parking space online including details on the location, whether it’s covered or uncovered, and your desired hourly, weekly, or monthly fee. If you want, you can even use a site like Just Park or download the Spot App to reach more potential customers.
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.
Gig economy jobs have quickly changed the way Americans earn money. They’re not always the highest-paying opportunities, but they do offer a more flexible means of earning than your traditional 9 to 5. As a Postmates courier, you can capitalize on this trend and make money delivering things like groceries, takeout food, or even alcohol depending on the state.
People are changing the way they search and consume content on the internet. No longer is it just text rich articles that people read from finding them on a Google search. Internet users are now getting more engaged with rich media such as videos. Because they are more engaged, Vloggers are able to leverage this to their financial gain. Vloggers can make millions of dollars a year from their audiences.
If you’ve developed valuable skill sets or picked up certifications within your industry over the years, offering your consulting services to local business owners can be a lucrative way to make money online. Whether you’re an expert marketer, business strategist, or manufacturing aficionado, there’s likely a local business owner who’s willing to pay you to help them solve an issue with their company. Start with my guide to launching a freelance (consulting) business and then use my breakdown of crafting an effective cold email to convince local small business owners to hire you.
Become a Query Machine. Once you’ve gained confidence on freelance copywriting platforms and built a modest portfolio, look for companies that actively advertise for writers – both traditional publications and companies with obvious content needs, such as PR firms. Do some research on crafting and personalizing query letters, which is an art form in itself. Then, start sending out queries to blogs, magazines, dailies, and other content-hungry organizations that fit your writing style and knowledge base. If you’re looking for byline work, each query should include a clear pitch for a single article or article series. For behind-the-scenes gigs, such as ghostwriting ad copy or press releases, condense and communicate your value proposition. Don’t sweat nonresponses. This is a numbers game, and more queries than not will be ignored.
Research Costs and Set Fair Starting Prices. Before setting prices for each item, research your local Craigslist website and nearby yard sales to get a sense of how to price them. Remember that many buyers will try to haggle, so set prices a bit higher than your bottom dollar but not so high you’ll scare off first bids. Roughly 10% to 15% higher is a good rule of thumb. Consider bunching low-value items, such as old CDs, into lots of five or 10.
Now you’ve got many different options to start earning online. If you saw something that really interests you, try it out and learn more about it. If you’re really wanting to make a full-time income online, you need to be dedicated to learning how to do what you want to do. There are tons of free resources out there. You just have to search for them!
Defeat that statistic by moving your money to an online savings account that offers something higher than the current inflation rate. Now, an increased interest won’t help you earn quickly, but a $150-$200 cash bonus will. Certain banks are offering new customers exactly that just to make the switch. Discover and Chase banks are but two of the many banks offering such bonuses.
Before I talk about some of the methods for making money online, I wanted to address the role of pain versus pleasure. Every decision that we make in life is weighed on a pain-versus-pleasure scale. We will always do more to avoid pain than we will to gain pleasure, plain and simple. However, this is also what holds us back from succeeding in any endeavor.
Instead, try scratching for free using an Android app called Lucktastic. (It’s called Lucktastic Match for iOS.) Each day, it releases a new assortment of digital scratch-off tickets. Lucktastic says instant wins range from $1 to $10,000. You can also earn tokens that you can exchange for free gift cards to retailers including Amazon, Walmart, Kohl’s, Sephora and more.
Like the idea of getting paid to write? There are hundreds of thousands of immediate-hire job openings available nationwide for writers who specialize in certain topics. Take advantage of niche-specific bloggers, small business owners, and big brands that are willing to shell out serious cash for high-quality freelance writers. They do this because it’s often cheaper to hire high-rate per project writers than it is to employ a staff member full time with benefits.
Next come the nuts and bolts: choosing and buying a Web domain, hosting and designing your site, and planning content. While this is a lot of work to put in before publishing your first post, resist the temptation to cut corners. You’re laying the foundation, hopefully, for a long-term endeavor. Once you’ve created a quality site and built a following, there are plenty of ways to make money from your blog.
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.
Like anything else in this world, you'll either need a lot of time or a lot of money. If you have both, then clearly, you're ahead of the game. But most people have more of the former rather than the latter. But considering that time is finite and we only have a certain amount of it, using your time wisely and managing your time properly is crucial to ensure your success.
One way to stand out from the competition with a drop shipping business is to private label your products. This simply means you put your own label/brand on the products that the manufacturer is creating. That way you're not selling the same product brand and just competing on price; rather you can use your own brand and face less competition. Think about when you're looking at medicine at the pharmacy; the brand names sell for higher prices and people think they are different from the generic brands even though the ingredients are exactly the same. Consider these important factors when looking for a good drop shipping product.
Check with your local bank to see if they're giving away cash bonuses for opening up accounts. Banks run promotions like this all the time, so grab some real cash quickly if you're in need. It won't break the bank (no pun intended) but it will give you a quick $50 or $100 -- maybe even more -- when you really need it. You might need to deposit a minimum amount of cash (usually in the thousands) in order to qualify for these types of accounts (but not always).