Good stuff man. I think it’s quite common to see that a lot of us that are in the world of online business regularly starting with eBay (I know I did hehe). I think, overall, the important thing to learn when you’re first beginning is to get into the process of ‘doing’ and then taking very detailed notes so you can devise a systematic approach to your work.
Start a bed and breakfast. If you live in a popular resort area or own a historic property, a B&B might be the perfect side hustle. Not only can you work at home with this career, but you’ll also score some tax write-offs in the process — although most innkeepers caution that the profession requires a lot of hard work and is more of an attractive lifestyle than a money-making pursuit.
For example, Amazon affiliates can potentially rake in obscene amounts of commission dollars if they work at it. Simply sign up as an affiliate to sell a company’s products using your special referral link, and you can get a commission for each product sold without lifting a finger. Commission ranges from product to product and also goes up in stages according to how many products sales your clicks generate. The top commission tier is 8%. That adds up to some serious amounts of cash each month if you’re promoting products with that high rate of commission ( Home & Garden is one such product area with high commissions).
How about setting up a business that focuses on outsourcing? Most successful service providers on the internet find that they need external help at some point. They might have a blogging client that requires logo design. They might have a guest posting service client that needs web design . Instead of actually providing the services personally, you could outsource and take a profit margin of your choice! Make sure you learn how to outsource first!
This is a great post Yaro. I like the progression you take us through on which things you tried first and eventually evolved into doing now. I know for me #8 and #9 work best for me to achieve passive income online. I started with eBay also and like you said I think it is a great way for beginners to learn SEO, sales copy, customer service, handling transactions etc. This will prep you for selling your own physical or digital products on your own site. Do you think you will hit the mobile space?
Now, if you don’t know people who might want your coaching services, there are a number of online tools and communities that make it incredibly easy to find clients and teach, on just about any topic area you can think of. Community driven platforms like Savvy.is, Clarity.fm, and Coach.me provide you with a network of potential clients to interact with, as well an integrated payment solution.
If it’s not clear yet, information and expertise are two of the most consistent and lucrative ways to make extra money online. If you don’t like talking on the phone, you can sign up to get paid to answer professional questions on JustAnswer. There are thousands of questions being asked every month from people looking for help from lawyers, doctors, mechanics, vets, and more. To apply, you’ll need to supply your professional verification, resume, and a form of identification.
As a fellow Queenslander, I’ve been reading your blog for a few months and have put a lot of your advice into action, my blog has been up for about a month and the traffic is growing by 40+ hits per day (still only small)! I’m thinking about writing a Children’s ebook as my blog is about Nut Allergies but I can’t get my head around how people will buy it when all they will have are pages of A4 paper?? Hope this makes sense, I need help changing my views…..
More and more companies and startups especially are embracing remote work—where you use online collaboration and communication tools to do your work from wherever you want. And you don’t have to be a 20-something hotshot designer or coder to reap the benefits of working remotely. Many remote positions are for customer support positions or other customer-facing positions that don’t require specialized skill sets.
Creating and selling courses on your blog can be a successful way to make money online. The course itself should be relevant to your blog, and based on a topic that will benefit your audience. Although it may take time to create the course in the first instance, once completed, you can then repeatedly make money from the course each time you sell it.
Now, I know what you’re thinking. Most of the software and apps you use on a regular basis are made by massive companies or established development studios. Well, yes. But many successful apps, particularly those in the Apple and Google stores, are created and marketed by individuals and small businesses. In fact, independent developers made $20 billion in the App Store in 2016 alone.
Whether it’s an important consumer application, a specialist app to solve a particular niche problem, or even a time-wasting game you can play on your phone, you can create a massively successful business if you build software that helps people. (Look at the rise of Slack—the team communication software that went from side project to billion-dollar company in just 2 years.)
Hi Yaro, thanks for a really helpful and practical post. I’ve been attempting to earn a living online for a while now, through selling handmade products. Turns out that with the amount of time that goes into it and how little people are prepared to pay, this has not been a profitable venture for me! I’m now trying a different approach by building a content based blog and hopefully soon will start selling information based product. My blog is still just a baby (I only started it a couple of weeks ago), so I know I’ve got a lot of work ahead of me still! I’m not naturally gifted at online entrepreneurial stuff so I have found this blog and your reports to be an invaluable resource. Thank you so much! Now I just need to roll up my sleeves and give it a go!
If you have a knack for organization, you can make money online as a virtual assistant helping people to keep their days in order. A virtual assistant will do everyinthing from bookkeeping to research, database entry, booking travel, and managing email. It can also be an awesome way to rub shoulders with some very important people, build up your professional network, and of course grow another stream of income. You can find great gigs on UpWork, Fiverr, Indeed, and Remote.co.
Working as a freelancer is a great way to make money online from the comfort of your own home. The beauty of freelancing is that you can tailor it to suit your needs. You can freelance for a couple of hours a week in the evenings to help save up for a holiday or some much-needed home improvements. Or carve out a full-time job for yourself, giving you a more satisfying work-life balance and enabling you to do the simpler things in life like taking the kids to school. With so many jobs available online, freelancing is becoming more and more popular.
We all know we should be investing money, but it isn’t always as easy as it sounds. This is especially the case for those with limited dispensable cash or inconsistent income. Acorns (get $5 to invest when you sign up through this link) is an app that will allow you to round up your everyday purchases and invest that spare change. While you may be unable to write a sizeable check for investing each month, you may not notice an extra $.25 tacked onto your morning Starbucks. Stockpile is another micro-investing platform I love. Get $5 to invest free when you sign up here.
CashCrate sends out literally thousands of payments a month to users just like you who spend time completing surveys and offers on CashCrate.com. How do they do it? Well, they do surveys and offers regularly. It really adds up! Your initial goal should be to meet minimum payout, which is $20.00. Making $20.00 in free cash is actually quite easy considering there are hundreds of surveys and offers available, but here are a few tips to get you to your goal faster:
Work as an online interpreter or translator. If you’re fluent in a foreign language, it makes sense to look for work as an online interpreter or translator. Depending on your individual skillset, you could find work translating blog posts or eBooks, transcribing recorded lessons or speeches for clients, or translating through Skype or another online video service. And, thanks to the increased use of foreign languages in the United States, getting started could really pay off. According to the Bureau of Labor Statistics, employment for interpreters and translators is expected to increase 17% nationally through 2026.
Amazon offers a service called Fulfillment by Amazon (FBA), which can be extremely useful for arbitrage sellers, or others selling their own products. If you opt for FBA, Amazon will store, pick, pack and deliver your products. That means you can scale your arbitrage business quickly as you don’t have to store products in your own home or waste time with postage.
This is a great read. I’m always looking for extra cash. I just wanted to share something I’ve been doing recently. I run an office and have noticed that unused toner was piling up in storage. I looked into returning it, but that was no good. I tried out the site called tonerconnect.net and was impressed. They had quick service and the payout was nice.
If you have experience as a personal assistant, secretary, admin assistant, or something in a similar field, then becoming an online PA may be a great role for you. Many professionals want someone to help organize their business and personal affairs. Jobs could include sending emails, managing financial affairs, booking flights and arranging day-to-day activities. If you are interested in this line of work there are many PA agencies that are crying out for reliable assistants.
It’s always great reading your articles, what I like most about your post is the fact that they are very personal as you share your own life experiences making them much more knowledgeable, its good to see how you started and came to where you are today. I loved all the suggestions you’ve given and all have one fact in common, that with hard work and dedication, one can definitely go up the ladder. Thanks for sharing!
Not only will this multiply the money you’re bringing in in a serious way, but it protects you against any sudden changes in the market or in your business. Remember that old saying about putting all your eggs in one basket? A few hours a week committed to just one or two of the following opportunities will put you in a much stronger position to be financially safe and independent.
You already watch plenty of videos online, so why not make a little extra money while you’re doing it? Swagbucks is a site that rewards its users with gift cards for taking surveys, watching certain videos, or conducting web searches with its search engine. You earn points by participating in Swagbucks activities and you can then redeem those points for gift cards or cash back from PayPal. Swagbucks also offers a mobile app that lets you use the service on the go.
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.
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.
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.