No matter which way you do it, it’s passive income—money you earn while you sleep because you put these products up for sale on your website and a customer can buy and download them any time of day or night, automatically. All you have to do is check the sales periodically to see what topics or types of products are selling best so that you can make more of those.
Maybe you're not very good with computers, or don't want to sit behind a desk? Well, here's a side business idea that has more of a physical component to it. If you also like working with others, then becoming an on-call mover will likely fit the bill. When someone's moving, they always need a helping hand (or three). You can provide that service and make some cash with this side business idea. Whether it's helping someone who's moving apartments or linking up with a local mover who needs an extra set of hands, working as a mover can be a pretty good gig.
Writing an eBook and selling it on your blog can be a great money maker. Your eBook should be directly relevant to your blog’s content so you can sell your book to your existing audience. Creating a recipe eBook for a food blog or an eBook full of training plans to complement your fitness site are just a couple of examples that have the potential to sell.
While you may be protected in Australia, there is always the potential that you may still be sued in another country. You can and should include a clause in your Terms & Conditions to say that such cases should be heard in Australia – though this clause won’t always be valid for every country. You may still be required to defend a claim in another country depending on what was sold and where. Unfortunately the risk of having to defend yourself in another country’s court is an unavoidable part of doing business online with people from other countries.
If you’re a good enough writer, and you have the skill to create a piece of long-form writing, then you should definitely look into ebook writing. The ebook market is booming at the moment, which means the demand for new writers and book ideas is high. You can write an ebook yourself and offer it for sale on a website, or you can advertise yourself as a writer of ebooks for people to hire in the creation of the book of their dreams.
If you keep your money hidden in the attic or earning close to nothing in a savings account, you might want to consider putting it to better use through smarter stock investing as your side business idea. Sure, there are plenty dangers to look out for, but most personal finance experts will advise you to start learning about the stock market if you want to grow your wealth, and to avoid jumping too heavily into trends like Bitcoin and other cryptocurrencies without proper understanding.
Fast growth usually ends badly for most businesses. Fast growth may not be manageable without the right people. Build for the future. Target small areas where you can avoid big encounters that are able to take you out of business in just a few minutes. Remember to research those ideas, make sure that the idea is feasible, and try to find a niche product with low competition and high demand, preferable something you are already familiar with. Then start implementing the idea by starting small and continue with slow and stable growth. Long term earnings are always greater than short term earnings.
My tip: Have one main credit card. Have a second one that you use for necessities – such as groceries or gas – that offers rewards for those purchases (a lot of cards do) and set the second one on auto-pay. You should be able to pay off a smaller amount on auto-pay if it is a necessity. If you think you cannot, then you may need to cut down a lot on expenses.
Anyone considering a drop shipping business should seriously consider leveraging Amazon.com to grow their business and learn more about becoming a profitable Amazon seller, because Amazon is an established marketplace that people already trust and has an existing customer base. Eventually you should also considering having your own online store as well.
Build up a following on your Instagram account and you could quickly be making extra money online. Major brands, gear companies, and even startups are willing to shell out $500-$5,000+ per post to get in front of your audience. While it’s getting harder and harder to build a massive Instagram audience, if you already have a solid niche and are posting quality content regularly with a great camera for taking Instagram photos, with a few small tweaks you can make yourself an influencer. Check out this awesome article from Shopify on how to build and grow your Instagram following to get started.
First off, I’m a blogger so it seems wrong not to mention it, but more importantly, it’s a legitimate way to make money. It’s quite possibly the least straight-forward way on this list, but it’s very doable and it’s also quite possibly the funnest way on this list. I love blogging and I know hundreds of bloggers who feel the same. So let’s talk about making money blogging and what it really means.
Mechanical Turk is Amazon's take on micro-jobs. These are small miniscule-jobs that you can do for other people, which they call HITs, or Human Intelligence Tasks. These are super simple tasks that anyone can do. Some examples are listing off some URLs with certain kinds of images for one cent, or recording a few phrases with a microphone for 6 cents.
If you want to help shape products in their early stages, joining an online focus group or answering survey questions is a great way to make extra money online. They don’t pay as much as some of the other options we’ve highlighted, but you can join groups on sites like Survey Junkie, Swagbucks, and IPSOS that pay out through Amazon gift cards, check, or PayPal. You’ll be asked to provide a bit of information about your demographics (age, location, etc…), but after that you can get going making money through surveys.
Find your niche partners, collaborators, and champions: As you’re creating your course, look for notable people who are also creating content in the space. Look att how their businesses operate and incorporate that into your own plan. You can also reach out to any influencers and make them affiliates for your own course. This way, they’ll be incentivized to share your content with their own audiences (which can be a major way to generate your first sales—it helps if you're using one of the best CRMs for small business—and start building your own community!)
Corrisa, thank you for adding your thoughts on Annie’s list. I wholeheartedly agree with your points to consider and would encourage anyone looking to join a network marketing-based business to do their due diligence before signing up. As I have found in my past ventures into home based businesses, the KEY to success is to treat your business as exactly that and not a hobby or trending fad.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which MoneyCrashers.com may receive compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. MoneyCrashers.com does not include all credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, Chase, U.S. Bank, and Barclaycard, among others.
Experience. Whatever area you want to work in as a consultant, you must be able to show clients that you’re qualified to advise them. If there are organizations related to your field, make sure that you’re a member of them. Similarly, if you can take a course and become certified or registered in your field, do it and then add that to your credentials.
Crypto currency trading is the next big thing in finance. The value of crypto has shot up in recent months with Bitcoin reaching over $18k for just one Bitcoin! You too can get a piece of the action by purchasing crypto currency from one of the bitcoin / crypto exchanges and waiting for the value to increase. I would recommend you do your research before you dive in, and don’t forget to only invest what you can afford to lose.
Not only will this multiply the money you’re bringing in in a serious way, but it protects you against any sudden changes in the market or in your business. Remember that old saying about putting all your eggs in one basket? A few hours a week committed to just one or two of the following opportunities will put you in a much stronger position to be financially safe and independent.
Many families with kids, including single-parents, have very limited time resources, creating a demand for part-time child care providers (and a business idea opportunity for you). If you love kids and have some spare time, you can earn plenty of side income by looking after children while their parents are away. Just be sure to identify the particular age group you're comfortable caring for and you’re all set after any necessary certifications. Establishing a home-based daycare center capable of servicing six or more kids is also a lucrative way to really expand upon this business idea if you have the right environment for it.
Double check yourself, before you double wreck yourself. Make sure everything you send to a company, whether a résumé, an email or a portfolio, is good to go. Double check your grammar and wording, and for God’s sake use spell check! This is especially important when it comes to the company’s name. Don’t spell their name wrong and be sure to type it how they type it (e.g. Problogger, not Pro Blogger).
Infographics are currently an extremely popular type of media. An infographic showing information or data in an interesting and fun way can help engage an audience and generate numerous likes and shares. As infographics take more time to create than just simply uploading an image, busy website owners are prepared to pay for custom infographics. And don’t worry, an infographic can be created using simple design software such a Canva. So extensive graphic design skills are not necessary, just a creative eye.
You'll also need ecommerce software, fulfillment software, worry about warehousing, customer service and refunds. But that's not all. You'll also need traffic. Think search engine optimization, Facebook ads, and other social media campaigns. It is hard work, especially on your own. You could opt for Amazon's platform, which might be the easier route. But, then again, at the end of the day, this is a serious business, which could produce significant profits. So you're either all in or you're not.
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, but it will also help you earn some extra cash.
Some businesses may be interested in adding other types of paid content to your website. This could include videos, podcasts, or any other material that would work with your site and help a business market itself. Always make sure that paid content isn’t too promotional. It needs to add value to your audience first and foremost, and not just present as an advert.
Bulk Selling: For all practical purposes, you can sell as many items as you like on Decluttr. If you reach the 500-item-per-order limit, just start a new order. This is a big advantage for folks staring down huge boxes of old DVDs, CDs, and textbooks. And it’s a distinct competitive edge on retail trade-in platforms, which may require users to enter their items one at a time.
Building niche websites will usually require some Search Engine Optimization (SEO) knowledge and this is where you work on building gyour website in a manner that Google sill show it when people search for keywords related to the content on your website. SEO in itself is a very broad topic, but it does take some time to master and can also be subject to regular changes to best practice.
My 10-year-old son brought home a book from our park’s free library box. It was a biology textbook – teachers edition. He said it looked interesting and hey, it was free (having no idea you could sell it). I scanned it in my Amazon seller app and realized it was worth around $150. He was so excited. We listed it for sale for $130 and it sold! Going to tell him, he just made $130!