19. eBay – Of course you can’t read an article about making money online that doesn’t mention eBay. You can start an eBay store and get serious about it or you can just sell some stuff to declutter your home. Either way, I’ve made my fair share from selling on eBay and it’s still a popular way to earn money. If you decide to start an actual eBay store, you’ll want to find a drop-ship business like Doba that will store and ship items straight to your customers so you don’t have to deal with an inventory.
Consider selling in lots. A lot is a collection of similar items that is sold in a group. For example, if you have a collection of books, magazines or similar pieces of jewelry, consider selling them all at once in a lot. You many not make as much money as you would have if you sold each item separately. However, the items will likely sell more quickly in a lot than they would individually.
I recently stumbled on the Trim app and I have to say, this one is a game changer. It’s a simple app that acts as your own personal financial manager. Once you link your bank to the app, Trim analyzes your spending, finds subscriptions you need to cancel, negotiates your Comcast bill, finds you better car insurance, and more. And of course, the app is free! My bet is that it will only take a few days for Trim to put an extra $100 in your pocket. So easy!
Then Compass Point hits you with the upshot: "Multiple expansion combined with earnings growth leads to alpha." In other words, the way to outperformance (alpha) is to buy small caps and wait for them to grow so that the market rewards the same assets with a higher multiple. Find a growing small REIT with a solid management team and let them run their game plan. That's the secret.
When I say coaching and consulting, this could literally be on anything in the world. You know, you could be a personal trainer that does this online. You could be a nutritionist, or you could be a business consultant. You could help people outsource their businesses. You could be a web design consultant. You could even be a marriage counselor… Literally you can consult on anything people need coaching on.
To read my posts about how to make extra income and how to make money online, such as through blogging, click here. Below are my monthly extra income reports. I recommend checking out my online course for bloggers, Making Sense of Affiliate Marketing. I earn around $50,000 a month through affiliate marketing and I share my exact strategy and tips in this very informative online course. If you’re a blogger, then you NEED this course.
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.
Choose your business. Once you have learned about the various types of Internet businesses, you will need to narrow down your choices. Pursue a business that you have passion about. If you choose a business that you have no real interest in and are simply "trying it out," you are likely to move on to the next big idea that comes along when you experience difficulty or get bored with your first choice.
Join a startup accelerator: Another great option is to apply to a startup accelerator like Y Combinator, 500 startups, or TechStars, where a group of investors will help coach you, connect you with potential partners, and provide startup cash in return for a small stake in your company. The competition is tough to get into these, so don’t rely on them as your only path forward.
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.
I got this book today and read it all the way through. It turns out that it just didn't have the information I was looking for. As soon as I read something like, "How to be financially free in five years using none of your own cash or credit" - I immediately shut down. The book reads like those "house flipping" infomercials on television. I was looking for solid information on how to buy a small apartment building conventionally, things to watch out for, how to calculate operating expenses, etc. This book suggests that you buy real estate using OPM (other people's money) and run the property with a management firm.
Get paid to search the Web. Sites like Swagbucks.com and Zoombucks.com will pay you to use their online interface to search the web. To qualify, you need to be willing to download their search bar and use it for everyday Internet use. The only caveat that comes with this “gig” is that you might be paid in gift cards instead of cash. If you can parlay those gift cards into items you need to buy anyway – like groceries or gas – searching online can be a lucrative way to spend your free time.
White labeling products involve purchasing pre-made products from a supplier and then adding your own labeling and branding. Products could range from candles to gym equipment or even tea, but all will come without labels, allowing you to create your own new range of merchandise. Most suppliers will advertise the fact they offer white labeled goods on their websites, so pick your niche and then find the right supplier and product for you. Once labeled, products can be sold via sites like eBay and Amazon, or from your own eCommerce store (discussed in a moment).
Amazon will have you work on micro-projects that require some sort of human interaction. Tasks can include translating a paragraph into English (or another language), rating the search results for certain keywords, or reworking an article. The tasks are simple, and you will be paid a small amount to complete each. But if you do enough tasks quickly, you can make a respectable amount of money.
Online poker is fun. You get to play games for money! I even know a few people that make a lot of money playing online poker. But obviously, I had to list it because it’s interesting to think about. Obviously, there are a few drawbacks to making an income from online gambling. It’s highly addictive, whether you’re good or not. And if you’re not good, you can lose everything very quickly.
There's so much great stuff to do in New York City. The only problem is you have to wait in line for so much of it. Enter the world of professional line standers, starting with Same Ole Line Dudes, which got its start after its founder, Robert Samuel, was hired (and made $325) to stand in line for an iPhone 5 a couple of years ago. Now he and his fellow line standers charge $25 per hour.
Webinars are quite possibly one of the most potent ways you can make an exorbitant amount of money online. Russell Brunson often says that if you do a webinar every single week for a year, you'll be a millionaire at the end of it. You'll need an audience to train and you'll need to know what you're talking about. Of course, this usually requires having a website and some semblance of an online presence.
You'll also need ecommerce software, fulfillment software, worry about warehousing, customer service, refunds and so on. But that's not all. You'll also need traffic. Think search engine optimization, Facebook ads, and other social media campaigns. Sound like a lot of work? Sure, it is. Especially if you do it all 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.
As I’ve thought more deeply about how to answer this question over the years, I’ve come to a realization that the problem is not the answer, but the question itself. For those who’ve asked it, I don’t think it’s always coming from a place of “quick money.” If we reframe the question, I think there’s room to empower and actually help those who’ve asked it—to give them a foundational understanding of what it really means to generate an income online.
However, anytime in life, when someone is paying every month, they are going to expect something great in return. If you decided to create a membership site that was based around fitness training course, why would they pay again next month if they got the training they wanted out of it in the first month? That amount of upkeep is one of the big cons to making money online with membership sites.
Sponsored posts work much in the same way as paid guest posts, but they are posted by big businesses instead of individual bloggers. Therefore, the scope for fees is much higher, as businesses have larger marketing budgets than humble bloggers. Having sponsored posts by large companies will also help promote your site as reputable and as a leader in its field.
Last but not least, you can also earn money online by building an online community, although the monetization strategies you can pursue will vary a lot depending on your goals. You can build a community with a blog, for example. You can also build an online forum and charge people for membership. You could even build up a Facebook group and use your influence there to sell and promote products.