Do you run a business with a WordPress website? Or maybe you are just starting out with your business, and know that you need a website to stay relevant in today’s world. Either way, a website is only going to help your business. A website can help by simply being an online billboard, or it can be the whole platform your business is based off (i.e e-commerce). No matter what direction you go in, it is important to know that a website is just half the battle of increasing profits & sales.
Another one of the key ways that your website can contribute directly to your net profit is by saving time for you and your staff. For some businesses, this means putting forms online to gather and process information from customers in an automated fashion. For others it means building out the customer service functionality of their website so that their customers can get the answers and information they want without having to call customer service.
Learn the basics of business from the best with Universal Orlando® Resort Youth Programs Business Learning Series Presented by CNBC’s The Profit. Teachers and students register today for an educational and unique experience for your classrooms at Universal Orlando Resort. The business learning series is comprised of 3 content-rich modules designed around Mr. Lemonis's business principles and written in collaboration with Columbia College.
In Profit First, Michalowicz explains how this age-old accounting formula turns great businesses into cash-eating monsters, trapping you in a day-to-day, check-to-check struggle to survive. He reveals how to flip that "Frankenstein Formula" and take profit first without compromising your business, and why the Profit First Formula of Sales – Profit = Expenses actually forces innovation, supports sustained growth and skyrockets profits. You are about to discover the step-by-step Profit First system that shows you how to radically change the financial health of your business…from your very next deposit.
If you want to clear some space out in your house and have a big stack of books you’ve been holding onto for too long, you can make money selling your books and textbooks online. Stores like Half Priced Books and others will give you cents on the dollar for each of your current books while you can check what your book is worth by simply entering the ISBN number on Book Scouter.
Prior to that group, they had an online community for teachers looking for lesson plans. That probably sounds pretty random, but it's crazy the type of communities you can build and rally people around. If it's something that you're passionate about yourself and you want to connect with others that have that same passion, then an online community is something you should definitely consider.
Using Fiverr is a great way to pick up work. Once you have signed up you can advertise your services. Fiver allows you to create your own gigs, whether you are offering web design, digital marketing, writing, or something else. You can choose how much you want to charge (it can be more than a fiver) and people will then contact you if they are interested in working with you. Fiverr will not only help you get experience if you are just starting off as a freelancer, it will also help you earn some extra cash.
If you want to learn how to apply to Google Adsense and get approved, I have a step by step guide here. Most good looking websites should have no problem getting an Adsense account. This is a personal favorite of mine for it's ease of implementation and relatively passive income for someone just getting started. Here's an example of a Google Adsense ad:
Fiverr. This is a popular website that can be helpful for freelancers with actual skills. Know something about digital animation? You can work for someone who doesn't and pick up some extra cash. But if you just have a brain but few skills, you can offer to do web research for someone, and maybe someone will hire you. Just know that you probably aren't going to get rich doing these jobs. The website's tag line is, "Freelance services for the lean entrepreneur," which tells you right away the pay is – meh. Plus, the website's name comes from the fact that many people work for $5 per task (but, yes, you can ask for more). Still, if you get a lot of gigs, it can add up.
If you have nothing of value to sell from home then retail arbitrage might be a better option for you. Many people partake in arbitrage to earn a little extra money, and for some it has even become their full-time job. Retail arbitrage is the buying of goods at a low price and then selling them on a different platform at a higher price. Sales in shops provide ideal opportunities to pick up products for next to nothing. These can then be sold on eBay or Amazon for higher amounts, making you a nice profit.
Write pitches. If you have located a client for whom you want to write, send pitches, which are topic ideas for articles. Write pitches that not only show your expertise, but also demonstrate your enthusiasm for the topic. First, read the publication to which you are sending pitches to familiarize yourself with what they publish. If applicable, identify a specific section and send our pitch to the appropriate editor. Also, include a brief summary of who you are.
Most websites don’t make money. Although it seems like everybody and his uncle has a website, very few of those sites are making any money for their owner. Most sites are put up without a clear idea of how the site will make money. For some, the idea that it should make money is revolutionary. Hopefully this doesn’t seem revolutionary to you. Most are simply unaware of how many different ways a website can be profitable. Let’s take a look at how your website should be making money for you.
Of course you can find people that will sell you a fully “custom” WordPress website, or even SquareSpace & Wix website for under $2,000 but that is usually where you have to beware. With WordPress there is no way they are doing anything “custom” for under $2,000, most likely they are installing plugins and a theme, and then customizing those settings pages to make it work for you. This is where you typically see 15+ WordPress plugins installed, some of which do next to nothing.
Mechanical Turk: Amazon's Mechanical Turk is a resource for doing human-intelligence tasks, or as the site commonly refers to them, HITs. You get paid a very small fee for any given HIT and you'll need a good deal of volume to make a substantial amount of money. But it is a resource you can use in your spare time to generate a small income online.
If you have goods or services to sell, your blog or website is a great place to do it directly. Whether you design children's apparel, build handmade guitars, take gorgeous photos or offer web consulting services, an intuitive eCommerce platform like Weebly's makes it easy to set up shop, process sales and compete with big online retailers in both aesthetics and technology.
The money is most certainly in the list. If you're at all interested in online marketing, setup email software and create a lead magnet that you can use in your sales funnel. Then, build up that list. It's often said that you can expect to earn about $1 per subscriber per month. If you have a list of 10,000 subscribers, that means you can earn roughly around $10,000 per month. You will need to deliver value and not pitch them on every email, but it is a very achievable goal in a short period.
Robert said he did an average of 4-6 of these gigs per year for a while depending on his schedule and the work involved. The best part is, he charged a flat rate that usually worked out to around $100 per hour. And remember, this was pay he was earning to advise people on the best ways to use social media tools like Facebook and Pinterest to grow their brands.