Many people fancy themselves as designers. If you have a unique idea for a new product then it may be time to get it designed. This can be a long process involving prototypes, discussions with factories, package design, and much more. However, the profits once the product is on the market could be substantial. And remember, with Amazon FBA, your products can all be stored and shipped by Amazon, giving you time to think up your next invention. Learn more about Amazon FBA with my How To Start An Amazon FBA Business Guide.
When it comes to selling your own products and premium content, always remember to go above and beyond expectations of the reader. I’d recommend the freemium model for all your premium content. In a freemium model, you offer a significant chunk of your content for free. But, you just need enough content to entice someone to purchase it. But if it is a digital product like for example a plugin or any other product that requires continued assistance, support and updates, then a subscription model is a better choice.
Charles of My Internet Marketing Partner has been an invaluable resource for us since we began working with him in the fall of 2014. He has helped us get our social media on track (we went from 49 to over 500 followers on Facebook in five months) and shown us how to get the most out of each platform. He has also had many suggestions for other aspects of marketing and communication ...
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.
(A quick Google search shows confusion and disagreement on the difference between native advertising and sponsored content. Some bloggers draw a distinction between the direct promotion in native advertising versus what may be valuable, less promotional information in corporate-sponsored content. Setting aside the head-scratching, it's clear there's more than one way to host paying advertisers and their content on your site.)
Most successful blogs and websites are run by good writers and journalists. This can also include web developers, programmers, search engine optimization, marketing specialists who’ve become good writers. Many highly ranked websites are run by people with years of experience in their chosen field. Sometimes a single post is not big enough to convey all the information you have to offer.
Sites like Zyoin and WiseStep connect employers with prospective employees, many of whom are already employed and not actively job-hunting via networking. The main benefit is knowing who these qualified candidates are. Rewards for referring a candidate who gets hired range from $50 to potentially several thousand dollars. If you know a stream of job-seekers, you can break into the recruiting business without up-front or overhead costs.
Websites with reasonable clout and domain authority often receive requests from small businesses to post reviews of their new products. You can offer sponsored reviews for a fee. We offer sponsored reviews on ColorLib. While it’s okay to publish content as part of a sponsored review, you should never offer your opinion for sale. Sponsored reviews really bring in a good amount of cash for relatively little work.
Now, it’s time to plan out your show. If you’re doing an interview-style show, you’ll now want to start getting some guests involved. You can use your existing social network to reach out to people you already know or are connected with on Twitter or Facebook. You can also head to Medium or Amazon to find authors or experts on topics specific to your niche.
I see it as a smart way to sell advertising, you see instead of putting adverts on your sidebar, you have a directory on your blog where you link to different company’s and websites in your industry and charge a premium for the listing. If you charged a monthly fee, so for example, say you had 1000 people listed in your directory and charged $7 a month, you would earn $7000 a month in continuity.
A fitness site can have numerous revenue streams. Create healthy eating plans and recipes and lock them away as premium content. Promote and sell a fitness training course, eBook, or a series of videos. Or advertise your own personal fitness services on your site. Topfithub is a good example of a fitness site with decent video content alongside product reviews.
TaskRabbit. Are you willing to get your hands dirty? (Nothing shifty … we're talking, like, weeding somebody's garden.) People come to this site to find those willing to do various tasks for them, such as putting together a bookcase or running an errand for them. Do as many tasks as you want, and this could become quite the part-time (or full-time) job.
Fiverr: Israeli-based Fivver was started in 2010 by Shal Wininger and Micha Kaufam. It's a great resource for selling just about any service online. You can offer gigs as low as $5 but also get paid much more for upgrades and add-ons. There are plenty of providers earning 6 figures on Fiverr so it's definitely a worthwhile cause for generating a healthy income. Just ensure that you provide some serious value.
To do that, you have to harbor a few fundamental guiding principles in your mind. Today, if you're at all serious about generating a full-time income (and more) from your online activities, then you need to focus on passive income as opposed to active income. Sure, the active income will help you survive. That's the scarcity mentality at play. But it's the passive income ideas that will help you thrive.
High-ticket consulting or coaching: You could sell your own high-ticket consulting or coaching products from your website. You'll still need a website, merchant account, sales funnel, lead magnet and many other items. But you can easily earn a substantial amount of money from each individual customer, making it well worth the arduous setup required.
In his follow-up to the cult classic The Toilet Paper Entrepreneur and the game-changing book, The Pumpkin Plan, author and entrepreneur Mike Michalowicz details the cash management system that will ensure any business – of any size, in any industry, no matter how much debt it carries or how many years it has been operating— will become permanently profitable.
Drop shipping is another great ‘hands-off’ way to sell products. Firstly you will need to find businesses that sell products in your niche that offer a drop shipping service. Then you will need to create a website promoting and selling the products. When you make a sale, you take the payment on your site and then the manufacturer ships the goods to the buyer. The profit comes from charging a higher rate than the manufacturer, and if you are selling a high number of products this can quickly add up to a healthy revenue.
Dollarizing your results makes it much easier to avoid some pretty common pitfalls online. For example, we all know that in order for a website to be profitable, it needs traffic – a steady stream of people coming to it. The pitfall that most make is to measure the effectiveness of marketing activities based on the impact that those activities have on the number of people visiting the website. The problem is that this is a gross over-simplification. The easiest way to avoid this common pitfall is to dollarize your website’s traffic. This is done by calculating the value (in dollars) of a visitor coming to your website. The formula for this is: amount of sales / # of website visits = visit value in $$$. With this formula it is easy to see whether or not increasing traffic is also increasing sales, or if the increase in traffic is from people who don’t buy.
Don’t be scared to try different things, because the Google search algorithms regularly changing and you can’t say; what goes right with one audience or with one social networking site might not work well with another. The better news is that you can still earn enough from your content as it is demonstrated by many bloggers who publish their monthly income report online. You just have to be open to keep changing and testing your current methods till you get succeeded.
What does that mean for you? It means Nielsen will pay you $50 a year to keep their app on your favorite internet browsing device. The app itself collects statistics on your internet usage anonymously, so you never have to worry about any data being linked to you. And the best part is, the app takes up barely any space and doesn’t slow down your phone or tablet at all!
Become a freelance writer or editor. If you have a passion for storytelling or a background in writing or editing, it’s possible to find freelance writing or editing work online. To search available job openings, check out sites like UpWork.com and Problogger.net. You can also check traditional job sites such as Indeed.com and enter “telecommute” or “anywhere” in the location field.
If you've developed valuable skill sets or picked up certifications within your industry over the years, offering your consulting services to local business owners can be a lucrative way to make money online. Whether you're an expert marketer, business strategist, or manufacturing aficionado, there's likely a local business owner who's willing to pay you to help them solve an issue with their company. Start with this 18-step checklist to becoming a local business consultant from Karyn Greenstreet and then use my guide to crafting an effective cold email to convince them to hire you.
15. Give away premium content for extra $$$ – If you are producing mind-blowing, awesome content that visitors can’t get enough of… you can always try asking them to pay for some of it! (Crazy concept, huh?!) I’m personally fine with paying for premium content. Bear in mind – don’t ask people to pay right away. Instead, stay focused on growing an audience and visitors first.
Set up a roadside stand. Depending on where you live, you could profit handsomely by setting up a roadside stand. If you live near a resort area, for example, you could buy cases of bottled water, put them on ice, and sell them to passers by for twice what you paid. Selling fruit and produce you grow yourself is also a smart idea in highly-traveled areas.