Sell your courses on platforms. A lot of new entrepreneurs try to sell courses on their own websites but fail to get the traffic to it. Having your own website is a great opportunity to build your personal brand as an influencer. However, if you’re starting out for the first time, your best bet for monetizing your online course is to add it to a marketplace. If you’re an experienced marketer with a sizable audience, you might choose to host it on your own website. And do it successfully.
Rent out a parking spot. If you live in a busy or congested area and have parking to spare, you might be able to rent out your parking space for some quick cash when you’re not using it. Simply advertise your open parking space online including details on the location, whether it’s covered or uncovered, and your desired hourly, weekly, or monthly fee. If you want, you can even use a site like Just Park or download the Spot App to reach more potential customers.
If you love to travel and find yourself randomly searching for airfare sales or browsing Lonely Planet, why not carve out a niche for yourself as a private travel agent? My friend, Mark Jackson did just that, making extra money online with his travel consulting side business. Start with word of mouth recommendations from friends who know they can count on you for the cheapest flights, and then move on and create a Facebook or LinkedIn group to invite people who want to stay on top of the latest deals. Eventually you could spin this into a full-time consultancy teaching people how to make their dream trip a reality.
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Jen Smith has seen both happen. The 29-year-old Florida-based seller discovered passive income when she and her husband were trying to pay off $78,000 in debt. They both got side gigs to make extra money, and she says she quickly learned “how much I hate working really low-paying hourly jobs.” Along with her print-on-demand income streams, she self-publishes personal finance books, sells advertisements for her blog, and rents out a room on Airbnb.
Here’s a good example of how lead sales can work in real life: My second website, Life Insurance by Jeff, brings in a ton of traffic from people who are searching the web to find answers to life insurance questions. While I used to have the website set up so I could sell these people life insurance myself, it was a lot of work to process all the different requests and clients. As a result, I started selling the leads I gathered instead.