Outside of starting your own business, investing in the stock market has been one of the most consistent ways to create wealth over the past 100 years. In fact, since its inception in 1957, the S&P 500 has consistently returned 8% per year on average. A far higher return than savings accounts, CDs, money markets, or any number of other vehicles for saving and investing your money.
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.
Nice writing style Ben. I’m finding out very quickly that to make any money writing, you have to read, read, and then read some more, no matter how smart you feel you are on a subject, before writing your first sentence. I have always been a fan of multiple income streams and am thrilled by the ideas of proofreading, editing, blogging, freelancing and transcribing. Having spent one of my careers doing just that for a large corporation, it’s a perfect fit, but now I can get credit for my work, thanks again for a great article.
Become a freelance writer or editor. If you have a passion for storytelling or a background in writing or editing, it’s possible to find freelance writing or editing work online. To search available job openings, check out sites like UpWork.com and Problogger.net. You can also check traditional job sites such as Indeed.com and enter “telecommute” or “anywhere” in the location field.
It occurred to me that you’re probably interested in growing your blog. I might be able to help. I’ve done video editing (http://www.fakesamplesite.com) and PowerPoint design (http://www.anotherfakesite.com). Imagine doing a great video on using virtual assistants, then distributing it through your newsletter. I could do one for you in about 2 days if you’re interested.
Recording Others’ Work. If you’re a trained voice actor or narrator, or you think you have what it takes to break into the niche, you can use ACX and other outlets to find audiobook recording jobs. You’ll need to audition for each role, but once you land a gig, you’ll earn money two ways: at an agreed per-hour rate for the actual job and a shared royalty arrangement with the rights-holder and others involved in the production. If you’re a union actor (SAG-AFTRA), you’re required to charge a minimum fee (variable, but above $200) per finished hour (roughly two studio hours). On a 10-hour audiobook, that’s a minimum payday of $2,000 before royalties.
Raise your hand if you love the idea of earning extra income or ditching office life to learn how to make money at home. Well, you're not alone. According to a 2017 telecommuting report by FlexJobs, the number of U.S. employees who worked from home at least half of the time has grown 115% in twelve years, from 1.8 million employees in 2005 to 3.9 million in 2017.
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!
Build up a following on your Instagram account and you could quickly be making extra money online. Major brands, gear companies, and even startups are willing to shell out $500-$5,000+ per post to get in front of your audience. While it’s getting harder and harder to build a massive Instagram audience, if you already have a solid niche and are posting quality content regularly with a great camera for taking Instagram photos, with a few small tweaks you can make yourself an influencer. Check out this awesome article from Shopify on how to build and grow your Instagram following to get started.
Note: There are dozens of other survey sites out there. These just happen to be the more well-known ones that have a reputation for paying out in a timely manner and having reasonable standards for cashing out. As always, be careful with your personal information. We recommend using an entirely separate email address for survey sites so they don’t clutter your inbox.
Pricing and Deals. As with any professional pursuit, you need to know how much your teaching skills are worth and price them accordingly. Unfortunately, at-home teaching is a competitive business, so you’re likely to find someone who charges less for similar work. Ways to get around this include multi-course discounts, package deals, and complimentary products or information for early sign-ups.
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.
Last but not least, you can also earn money online by building an online community, although the monetization strategies you can pursue will vary a lot depending on your goals. You can build a community with a blog, for example. You can also build an online forum and charge people for membership. You could even build up a Facebook group and use your influence there to sell and promote products.
Accommodate Multiple Forms of Payment. Many deal-seekers carry cash, but you want to accommodate every potential buyer. So in the days leading up to the event, consider purchasing a point-of-sale system that can accept credit cards. Square is a popular and relatively cost-effective option. It doesn’t cost anything upfront and bundles credit card processing fees into one relatively low fee: 2.6% plus $0.10 per transaction, for a net of $97.30 for every $100 charged. It’s a small price to pay to capture the ever-growing cashless consumer demographic. On the day before the sale, visit the bank and grab $100 in small bills and coin rolls to ensure you’ll have enough change for buyers who do prefer cash.
Amazon Mechanical Turk is a service that lets you make money online through doing paid microtasks. Each task is something simple that requires human interaction like rating search results, checking for the right spelling on search terms, categorizing the tone of an article, or even basic translating. You can do these tasks from anywhere you want and make money online from the world’s largest e-retailer.
Most people do not claim all of the allowances they are allowed to take, which is why they end up getting a large refund check each spring. Do you regularly get a large refund? Then it may be time for you to file a new W-4 with your human resources department. Your new W-4 should reflect the proper number of withholding allowances you are eligible to take.
People often have very unique reasons for wanting to start a blog and make money from home. Some blogs, like this one (DollarSprout), are meant to be informative resources for readers. Other bloggers may opt to share personal sides of their lives. For instance, many people will start a blog to document their fitness journey and inspire others along the way.
Instead, try scratching for free using an app called Lucktastic (Lucktastic is called Lucktastic Match on 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.
Keep in mind though, you don’t need a website to do sponsored content since you can also get paid if you have a lot of social media followers. My wife has a pretty big Instagram following, and she gets all kinds of sponsorships. Not only does she get paid in cash, but we get a lot of free stuff, too. We’ve received free rugs, free lights, and free carpet cleaners. She only promotes things she loves though, so this strategy works really well for her.
If you have experience with marketing, SEO, or a knack for getting people excited about the products and services you use on a regular basis, think about refining your skills and putting them to work making money online as a small business marketing consultant in your region—especially if you can become a local SEO expert and can help local clients rank higher in their search results.
I have started with affiliate marketing and focusing on becoming an authority website. All I realized in this process is the difficulty in becoming an authority website. It is not so easy but never impossible. So, I am putting hard work with smart work and trying as much as possible to boost the authority of my website. Hope, affiliate income starts rolling out soon.
You could try advertising more, for example, by putting up signs around the neighborhood, posting about it on social media, or having people you know spread the word. You could also try doing it in a different neighborhood that might have friendlier people, or do it in a time and place where there's likely to be a lot of people walking around the area (e.g., near a church before the end of a mass).