To cash in online you need to be a game-changer. When Mark Zuckerberg launched Facebook, there was nothing like it. He is now worth $17.5 billion according to recent Forbes valuations. Drew Houston saw money to be made in online storage, and co-founded Dropbox, the web-based tool that hit $240 million in revenue in 2011. Eric Lefkofsky spotted the potential in Groupon and gave $1 million to CEO and founder Andrew Mason. This year, Lefkofsky made the Forbes Billionaires list with a net worth of $2.9 billion. There are still fortunes to be made online, and we have found a few ways to do so.
Research other listings in your city on AirBnB and see what the going rate is for a place like yours. You could also just rent out a private room as well or even a bed in a shared room. In fact, that's how AirBnB got its start. However, you might find it hard in the beginning without reviews, but as long as you take really good care of your guests and provide a lot of value, the reviews will eventually come rolling in.
How much will you make? I think my best month with Google AdSense was almost $5,000 over the last ten years. That amazing month blew my mind since it was actually near the beginning of my blogging journey. When you go from making zero to $5,000 in a month, that will rock your world. For me, it also got me even more excited because I knew there were other ways to monetize.