You could also opt to use existing websites for making money. These include both active income and passive income methods. For example, you could sell some used items or invest in creating some digital designs that then can be sold on merchandise. Again, devote a sizable portion of your time to passive income so that you can slowly build up earnings that will arrive on autopilot without any extra added effort.
Travel blogging is a hard industry to break into. However, the rewards can be worth it, and let’s face it, who doesn’t want to be paid for traveling around the world! There are numerous ways to monetize a travel blog, but affiliate marketing should predominantly be your focus. On your blog, promote hotels, tours, equipment hire services, flights, and anything else travel related. Then take a cut of the proceeds as your audience books their holidays based on your recommendations.
Becoming a paid speaker does not mean taking classes or giving seminars, often local businesses or even the Chamber of Commerce look for speakers who can inform and motivate a group of people. If you have extensive experience in a certain field, you might want to think about reaching out to local businesses, or making yourself available as a speaker on job-hunting websites.
Having so many options will help any passive income newbie maximize sales, but it’s Merch by Amazon that nets sellers the big bucks. It’s prestigious not only because it’s affiliated with a trillion-dollar company but also because it attracts so much traffic. According to Statista, Amazon.com got 2.6 billion visits worldwide in July 2018 alone. And because it’s so lofty, it takes a lot of elbow grease to become successful on Amazon.
Money can be earned and spent, saved and pilfered, invested and wasted. Not time. That's why time is far more valuable than money. The point? When you lack the luxury of time, making money online (or offline) can seem like an impossible task. How are you supposed to do that when you're working at a life-sucking nine-to-five job? While the stability of full-time employment might allow most to sleep well at night, it doesn't empower your creative juices to search for new income-producing strategies.
Creating a video series and selling it as a digital download on your blog, much like an eBook, can be another great seller. A video course, teaching viewers a specific skill or how to achieve a particular activity, may well resonate with your audience. If you are going to go down this route then your videos need to be as professional as possible so you should consider investing in some video and lighting equipment, as well as editing software.
If you’ve hung around my blog for any length of time, you’ve probably seen me mention the Elite Blog Academy, the flagship program from my blogging mentor, Ruth Soukup. Ruth started a blog back in 2010. She says she started it to hold herself accountable when she was trying to get her spending under control, but ultimately the blog turned into much more than an accountability measure. She ended up developing a wildly successful planner, writing a book, becoming a speaker, and ultimately, becoming one of the premier blogging experts out there.
You can also make money fast by investing in stocks. If you aren’t an expert in stock picking you might want to skip this money making idea. While it can have one of the highest fast rewards, it can also result in money loss if you’re inexperienced. If you currently hold a 9 to 5 job, look into your company’s financial programs. Do they allow you to invest in company stocks? If so, sign up for it. At least with a company stock program you have some influence in the company’s success as an employee. If your company has an RRSP matching program, you can also sign up for that if your goal is to save up for retirement or a down payment on your first home.
While Etsy is fantastic for handmade goods that you’ve already created, if you’ve got killer designs that would look good on phone cases, t-shirts, or even wall hangings, pillows, and duvets, you can sell them on Society6 without paying anything to start. Society6 lets artists upload their designs and create their own shops where they choose what products their designs can be used on. That means one design can be used to make a whole range of awesome products that are printed and shipped on demand whenever someone buys from you. With top creators making thousands every month just from selling their designs.
As long as there is still the written word, there will always be editors. Freelance editing and proofreading not only pays a decent hourly wage, it also gives you the chance to read about potentially interesting topics too. What's more, pursuing freelance writing & editing as a business idea can afford you a lifestyle that lets you travel the world as a digital nomad. You can find lots of job postings from companies and individuals in need of writing, proofreading, and editing services on Upwork, which makes this a high-demand opportunity to make money online.
Also called print on demand, this method of passive income works differently than, say, renting out real estate or playing the stock market. The overhead is extremely low—sellers don’t have to worry about storing any inventory or making physical items. Companies like Teespring, Redbubble, and Merch by Amazon have sprung up this decade to fuel the passive income industry. Their sole function is to handle the logistics of printing and shipping while paying out design royalties to people like Zubia, whose bestsellers have said things like “Awesome Since 1978” and “Born in Chicago.”
My next self-funded business hit $160,000 in revenue in its first year alone. After that first taste of self-made success, I’ve gone on to sign consulting contracts worth tens of thousands of dollars with startups like LinkedIn and Google, launch profitable online courses, and build a following of hundreds of thousands for this blog and my podcast series.
Today, if you're at all serious about succeeding in any endeavor, whether online or offline, you have to deliver enormous amounts of value. Yes, you have to do the most amount of work for the least initial return. This is especially true online. Why? Because it takes time to build authority and create an audience, two primary ingredients necessary to succeed in the wonderful world of commerce on the web.
Selling images to stock photo companies can be a great way to make a side-income without the need for a substantial upfront investment. The camera on most of today’s smartphones are of a high enough quality that it is difficult to tell the difference between a picture taken with a phone and one taken with a DSLR camera. If you can capture unique images or pictures that a stock photo agency might find useful, it’s possible to get paid fairly well for what might only take a few minutes of your time.
VIPKID provides an international learning experience to children in China between the ages 4-12. Headquartered in Beijing, the company offers fully immersive one-on-one English language instruction provided online by highly qualified teachers. The curriculum is based on the U.S. Common Core State Standards and uses a flipped-classroom approach to foster creativity and critical thinking skills.