If you are particularly knowledgeable on a certain subject, or if you are a good creative writer, you can write an ebook in a fairly short amount of time. Many websites are dedicated to selling ebooks, but by far the biggest marketplace is Online Shopping for Electronics, Apparel, Computers, Books, DVDs & more, which brings in millions of people a day looking for a new ebook. Your work will need to be formatted a special way and the content will need to be approved before it is published, but there are authors who routinely make five figures (and more) just from putting out Amazon ebooks.
Equally, you can charge businesses to ‘claim’ their listing, a method used by many large directory sites like Google Business and Yelp. This involves companies paying to upgrade their listing and adding information such as their web address, social media links, images, and more. Other revenue streams include charging for ad space, adding affiliate links and even charging for services and products on your directory site.
If you have an eBay account, a arbitrage business can be good way to make money by selling items at a higher price than they cost elsewhere on the internet. Once a product is sold, you use the money you get from your buyer to purchase the item from another site at a lower price, setting the shipping address as theirs. There may not be many opportunities to do this as there were in the past, but those who keep a good eye on their chosen niche can still make a profit.
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.
Because experimenting with print on demand requires so little investment and involves almost no risk, nearly anyone can do it. As more people catch on, it’s increasingly difficult to be successful. You can see this firsthand at Merch Momentum and numerous other passive income forums, which are being flooded with anxious posts from sellers wondering why they’re not getting sales.
While some might think that starting a blog is an arduous effort, when you understand the precise steps you need to take, it becomes far easier. It all starts in the decision of choosing a profitable niche and picking the right domain name. From there, you need to build your offers. You can easily sell things like mini-email courses, full-blown trainings, ebooks, and so on.
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.