And while it will take time to build up a big-enough audience to attract advertisers and other ways to make extra income from your podcast, the opportunity is there. John Lee Dumas interviews entrepreneurs seven days a week for his podcast Entrepreneur on Fire and now makes more than $200,000 a month from it. In fact, John publishes all his income online and showed that he’s made almost $13 million since launching in 2012.
Etsy is the most popular online marketplace for handmade goods and crafts. From bracelets to phone cases, rings, furniture, and more, Etsy is perfect for anyone who is creative and wants to sell their handmade creations. As long as you have the space, this can make for one of the best ways to make money online that can be started with a very limited investment. Consider these 5 steps to starting an Etsy store, from Handmadeology.
If you’re good with Photoshop and can work quickly you might make some decent cash with this online business. Are you a graphic designer or do you have some artistic talents that you know others are looking for? Why not make extra money for your bottom line by designing logos or other graphics for people’s websites, for their newsletters or for other print applications?
Better yet, you can even upload your own book to one of the world’s largest book sellers: Amazon. With Amazon self-publishing, you set the price, retain the rights to your book, and get access to Amazon’s massive audience. For every sale, you keep 70% with Amazon taking the remainder as a fee. If you want to get started, check out Tara Gentile on CreativeLive as she shows you how to use your existing body of work to write an eBook within the next week. Who knows, you might just write one of the best business books of this year!
That means that if you have extra money just sitting idle, either in a checking account or a low yield savings account, you might be better suited to put those funds into something that can grow faster. Depending on your age and how much risk you are willing to take with your investments, you should be netting around 7% growth per year with a balanced portfolio. Of course, there will be ebbs and flows (and you won’t make money every day), but investing over the long term is one of the best ways to build long-term wealth.
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.
Know What to Charge (and When to Charge More). Setting freelance writing rates is notoriously challenging. The value of your work depends on many factors, including your writing style and quality, your niche, your subject matter strengths and professional credentials, your research skills, your production speed, and your ability to work on deadline. As a rule of thumb, licensed professionals (such as lawyers, CPAs, and physicians) can charge more than nonexperts with above-average writing skills. But don’t assume your earning potential is static. As you gain skill and familiarity within your niche or with individual clients’ needs and your professional visibility improves, you’ll become more valuable to current and future clients.
Now next, you’ll want to pick a WordPress theme from somewhere like Elementor, ThemeForest, Elegant Themes, or OptimizePress that you can use today. This is the barebones design of your site, which you can then customize with your own branding, copy, and images. That being said, you don’t want to cheap out. It costs less than $100 to buy a theme that will make your website look professional (and you can upgrade to a completely custom design once you get the business going). You’ll also need strong marketing tools to grow your website, like HubSpot’s All-in-One Marketing plugin.
However, if you're looking for realistic ways you can start earning money online now, then it really truly does boil down to seven paths you can take towards profit. Some will provide you with immediate results, helping you to address your basic monthly necessities such as rent, utilities and groceries, while others have the potential to transform your life by revolutionizing your finances in the long term.
If you’re passionate about writing and feel strongly about certain subjects, type your way to riches by creating your own blog. Launching your own blog doesn’t require a great deal of technical or computer skills. It is important, however, that you do know what you’re talking about relative to the subject you’re writing on. Over time, you’ll start to develop an audience since people will trust your expertise and knowledge.
What are the best ways to make money right away? While a search online when you're in need of some fast cash will produce millions of results, not all will be legitimate. It's up to you to filter through the so-called noise. These 32 strategies will help put you in the black, even if it's in a very small way. Once you are, resume planning and focusing on the bigger picture.