Once you have that problem or need nailed, the next step is to validate that idea and make sure you’ve actually got customers who will pay for it. This means building a minimum viable product, getting objective feedback from real customers, incorporating updates, testing the market for demand, and getting pricing feedback to ensure there’s enough of a margin between your costs and what consumers are willing to pay.
Creating your own food blog, will not only be fun but done well it should also be profitable. Link your site to affiliate cooking products, sell your food photos, create and sell your own physical cookbook, or launch a cooking app. Equally, you could turn your cooking blog into a membership site. You would then share all your content, including recipes, how to videos, food photographs, and much more, with only your paid up members.
A niche affiliate site often presents like an eCommerce store. To get started with an affiliate site, choose your niche then display products with pictures, descriptions, and prices, just as you would on an online store. However, when visitors click the ‘buy’ button, they will be taken directly to Amazon, to make the purchase. You then make an affiliate fee for sending the traffic to Amazon but have none of the packaging hassle, or initial financial output creating or buying the products.
Consider your expertise. If you take the time to reflect on your experiences, you will realize that you have more knowledge about which to write than you might think. Begin by listing three assets that define you, such as your profession, a special hobby or a personality trait. Next, list three things that inspire you, such as religion, education or charity. Finally, list three of your dreams, such as getting married, traveling or spending more time with your children. These three lists should give you many ideas of topics about which you can write.
It’s interesting to note that technology dominates the upper slopes of the Forbes list. Founders and chief executives of US tech firms account for six of the 20 richest people in the world. Silicon Valley produced 23 new billionaires last year, while the youngest billionaire on the list was Evan Spiegel (24), co-founder of messaging app Snapchat, with a worth of $1.5bn.
These two passive earning structures helped me get started. By 6 months, I had 200 videos on my monetized Youtube Channel, sales coming in through Clickbank, and earnings of around $100 a week. No it dosen’t sound a lot of money, but don’t forget it has cost me absolutely nothing to start up… a big fat ZERO! This system earns night and day, even when I am on holiday at the villa in Menorca. Its an easy system and it works.
28. Subscription – If you think of something valuable (newsletter, online magazine, etc.) that you can consistently offer on a certain basis (weekly, monthly, etc.), you may want to offer a subscription service. This could be a fee charged each time your product is sent out or on a monthly basis. Either way, this has to be something that your customers can only get by subscribing to your website.
Monetize a hobby. While some hobbies actually cost money, others can be transformed into a profitable business venture. Ultimately, it depends on what your hobby is and how talented you are. You could turn your love of photography, for example, into a part-time gig taking family portraits and wedding photos or selling prints on Etsy or at arts fairs.
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.
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 you’re passionate about user experience, User Testing pays reviewers $10 to give other entrepreneurs feedback on their websites and apps. That’s one fast way to make money online. You’ll be given a set of questions that you need to answer as you browse through their website. Through a video, you’ll communicate your ideas and feedback to the entrepreneur while navigating their website or app. Your video is only 20 minutes in length so if you do 3 videos per hour you’ll make $30. It can be pretty competitive so you have to act fast when a new website or app is added to be reviewed. Those who want to earn money online by reviewing software can use a tool called Software Judge.
Mention what you bring to the table. When I first applied to write for Oberlo, I mentioned how I worked in ecommerce for four years as an entrepreneur and in a 9 to 5 role at an ecommerce company. My experience on a content team was also brought up. And my 9 years experience in marketing. I had also already been working on my Oberlo dropshipping store as I had been using Shopify for a year at that point. Having a writing sample in a niche isn’t enough. You also need to have the experience to write about that niche. Mention every little detail of what you’ve done prior to writing. Niche experience is important.
If you live in an area where Uber or Lyft operate, why not become a driver? If you're looking to make some short-term cash, you can definitely rake it in by working for one of these popular car-hire apps. As long as your vehicle fits within the specifications of their program, and you have a clean license, you could do this on the side, especially if you're in a crunch for cash.
If you don’t want to get paid Fiverr prices, you can turn to platforms like Craigslist to find side gigs. Under their jobs section, you can search for contract or telecommute opportunities. The great thing about the telecommute opportunities on Craigslist is that you can apply for them for any city in the world. For example, if you see a telecommute opportunity in the San Francisco area, you can apply to it. Craigslist has a variety of side gigs from writing, business, design, accounting and more. So if your talents don’t match up with anything else on this list of money making ideas, you might want to try a side gig from Craigslist, and start making money online. Apply to multiple opportunities to land a few small side gigs.