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.
Find a profitable niche: We’ve talked about this a lot. But, where are you most comfortable. What niche do your skills, values, and interests intersect? Do you have 10 years of experience as a technical writer? Do you have long-standing PR relationships that’ll be invaluable in helping startups launch a successful crowdfunding campaign? Determine what makes your value unique, and lean heavily on showcasing that strength to your potential clients.
Type ideas into your browser’s address bar to see if that particular domain name is “taken”. Then check using a Google search to see what comes up using that name – you don’t want to be associated with an unsavoury crowd, like gambling or porn sites. Next check the domain name has not already been registered. You can do this at the major domain registrars like NetRegistry. Search the ASIC database to see that the traditional company name is also available. Lastly, check the name is available on social media platforms like Facebook, Twitter, YouTube, etc. using an online tool like NameChk.
If clients need to visit you, is your home business easy to find? How will you cater for clients with disabilities? If you live in a busy street, you may have to provide off-street parking at your home - contact your local council for more information. If you don't have the space to meet with clients, you could use coffee shops, libraries or even rented meeting rooms.
What’s the catch? None, really. Cash back apps act as affiliates for many online merchants, which means that whenever you make a purchase through one of the apps, they get a small commission — but then, they give you a portion of that commission as “cash back”. For example, if I buy a pair of Nike shoes through the Ebates app (or website) and spend $75, Ebates may get a $10 commission but then they’ll pass $7 back to me. It’s basically a way to get sale prices on stuff that isn’t on sale!
Take beautiful photos. If you've got an eye and passion for photography, sell your photos to sites like Shutterstock — a place where amateur photographers can sell their photos. You'll earn a commission that ranges anywhere from 25 cents to $75 or more for every image downloaded. There are other similar sites like iStockphoto and Shutterfly, so be sure to do your research and pick one that works best for you.
The German Economist Schumpeter once said that there are “no original ideas”, only new combinations of old ones. Curation of curiosity-fueling content is an intriguing and little-known business model. One of the best success stories out there is Brainpickings – a platform that describes itself as “an inventory of cross-disciplinary interestingness, spanning art, science, design, history, philosophy, and more”. The subscription-based model and successful utilization of affiliate links have turned the blog into a self-sustaining business.
One of the cool things about Google AdSense is that it's so easy to get set up. If you have a blog or website, you can sign up for a free Google AdSense Account. From there, Google will give you a unique code that you will paste onto your website. Google takes it from there, tracking your page views, traffic, and earnings on your behalf. There is no upkeep or maintenance to get this thing going, which makes it a no-brainer if you have a website already.
Thanks to sites such as Etsy and eBay, it is now very easy to start online money making by selling jewellery. For people who are crafty, this is a great option, but it is also a valid choice for people who want to act as a middle man selling other people’s jewellery. Another great option, and a way to avoid the fees of selling your jewelery on other sites, is to simply start a Facebook page to start selling your items. Read some more of our tips and how to get started now.