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!
As an Instacart personal grocery shopper, you will actually be doing the grocery shopping yourself (so don’t crush anyone’s avocados!). Your compensation depends on several factors, like the average size of your orders and average number of miles driven per trip. You can also get tips in addition to the pay that comes directly from Instacart (most people report an average earnings rate of $15 per hour).
But don't make the mistake of thinking this will be a passive source of income—you're on call whenever you have a guest and you'll always need to keep the place clean for incoming visitors. On top of just renting on Airbnb, consider offering your guests paid add-ons, like Lauren Gheysens', Royal Day Out in London, England—where she gives visitors a local's only tour of the city, complete with bespoke 18th century costumes.
20. Etsy – If you like to create arts and crafts, you can sell them on Etsy.It’s completely free to open an Etsy store. You simply sign up, post pictures of your creations and starting selling. You can choose your payment option, but PayPal is generally the easiest. Etsy makes it easy to sell and keep track of your inventory. There is a small listing fee and they take 3.5% of every sale you make.
Landscape. Look for brush-clearing, mowing, or woodcutting jobs, some of which may land you regular customers. This can save you money at the same time: if you are hired to pick up pine needles, use them to mulch your roses, which will appreciate their acidity and smothering effect on weeds; if you are hired to cut and clear a fallen tree, use it to heat your house that winter.
How does this loophole continue to exist? Compass Point gestures to a key reason: big institutional money is unable to own small REITs in any kind of volume. Large REITs are the only way they can get into the game and these investors need the stocks' liquidity, so big investors have to pay up for large REITs. Second, investors know the large REITs, but are less familiar with smaller ones. Third, large REITs have a lower cost of capital. Their cost of equity is cheaper (due to the higher multiple) and their cost of debt is less because they're more diversified. Because of this cheaper financing, they can acquire properties at lower cap rates than smaller REITs can. But all the big companies drive acquisition prices higher.
If you're looking to address some immediate financial needs, then the app economy is likely right for you. Thanks to the global sharing phenomenon, launched in part by our smartphones and ever-burgeoning global connectivity, you could easily opt for some quick active income by using well-known apps. From ride sharing to deliveries and even quick tasks, there's an app for that today, as the saying goes.
Offer to watch children or pets. If you know anyone who has children or pets, you could easily begin a side gig as a babysitter or pet sitter. To let people know you’re interested, send out a group email describing your services, post an ad on Facebook, or tell friends and acquaintances about your availability in person or over the phone. You can also create a profile on a babysitting referral site like Care.com.
Sell things to pedestrians. Entrepreneurial sorts sell things like cold drinks on hot days or hot nuts in winter. This method can be especially lucrative if you set up a spot near a sporting event, park, etc. You’ll need to have a small amount of money to invest in the product, but then you can sell it at a much higher return and make some quick cash.
When creating a membership site, always offer different plans and pricing tiers to appeal to your different categories of audience. Access to specific types of content is then dependent on the plan selected by a member. Membership fees can be a one-off payment or a repeat subscription. And you can even sell products on your membership site to boost your income.
Use a credit card’s cash advance feature. Some credit cards will allow you to withdraw a certain amount of cash by using it at an ATM. This can help you come up with cash in a hurry. However, the interest rates on cash advances are usually much higher than the credit card’s usual interest rate, meaning that you will eventually have to pay more.
The audiobook industry is booming, yet only 5% of books ever get made into audio format. If you’ve got a background in acting, or if people have said you’ve got a voice made for the radio, you can make extra money recording audio versions of independent and popular books. Sites like ACX connect authors with audiobook performers. So, whether you’re an author looking for more ways to sell your book, or an actor/voice actor looking to make some extra income, you can sell your services online.
Use the law of supply and demand to your advantage. Most of us are familiar with the law of supply and demand--the more there is of something, the cheaper it is; conversely, the rarer the product or service, the more expensive it is. However, other than when we get to a toy store before sunrise to get on line for the latest fad toy that kids can't get enough of, we don't really apply the law of supply and demand to our own lives--particularly our careers. For example, if you're aspiring to do something that many, many other people want to do (so much so that they do it for free, as a hobby) then it will be far more challenging for you to make money doing it. On the other hand, if you do something that most people don't want to do, or if you get very good at doing something most people don't do all that well, then you can make a whole lot more money. In other words, choose a career in pharmacy over photography.
Ebates has long been one of my favorite services and they offer an awesome referral program. This service pays members cash back on their online purchases – and some in-store purchases now. When you refer your friends, you will earn $5 per person when they make their first purchase of $25 or more. They also offer some stellar bonuses if you can refer a number of people. And, they offer a $10 gift card for new members.
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!
Ready to enter the ecommerce fray? Why not sell your own stuff. Of course, along with selling your own stuff on your own website comes a whole slew of both responsibilities and technical configuration and requirements. For starters, you'll need a website and a hosting account. You'll also need a merchant account (sure you can use Stripe or PayPal). Then you'll need to design that site, build a sales funnel, create a lead magnet and do some email marketing.
While some might think that starting a blog is an arduous effort, when you understand the precise steps you need to take, it becomes far easier. It all starts in the decision of choosing a profitable niche and picking the right domain name. From there, you need to build your offers. You can easily sell things like mini-email courses, full-blown trainings, ebooks, and so on.
Once you’ve had children, many parents find themselves caught in the trap of needing to work but wanting to stay home with their kids. Creating your own parenting blog can not only be a way to make some money, but it can also help you connect with other parents and make sense of those crazy sleepless early parenting years (it does get easier don’t worry!)
With apps being constantly developed, competent app developers are in high demand. Again, if you have the experience or skills to create successful apps then this could be something you could end up working on as a full-time freelancer. Check out adverts for developers on Toptal, a higher paying jobs site for experienced freelancers wanting to make money online.
Learn as much as you can about the various types of Internet businesses. Some businesses are more profitable than others. Some have start-up costs and may require ongoing advertising dollars in order for you to sustain some level of profitability. Learning about the various types of Internet businesses can help you decide which one will be the best opportunity for you.
So when I'm looking for REITs, I hunt for experienced management teams with a great track record. These executives should have industry contacts that allow them to source deals that may not be available to larger players. These are the reasons I like Jernigan Capital (NYSE:JCAP) in the storage space. It's run by industry veteran Dean Jernigan, who spent seven years at the helm of CubeSmart and then ventured out on his own with this small REIT, now just a $379 million market cap. A few deals for Jernigan can really move the needle, while its publicly traded peers – all of which are substantially larger – must acquire dozens of assets each year to move the needle on growth. It also doesn't hurt that Jernigan pays a 7% yield. I'll have a piece soon that explains more about this tiny REIT. In the meantime, here's a rundown on storage REITs.
You may decide to create free videos as extra content for your blog, and not sell them at all. If this is the case then you can still make money from these videos by selling advertising space on them (in the same way as discussed for monetizing podcasts). Once you have high volumes of traffic visiting your blog, and watching your videos, you can charge businesses to advertise at the beginning of your videos. Use website’s like Izea to help you connect with companies willing to pay to advertise on your blog.
VIPKID provides an international learning experience to children in China between the ages 4-12. Headquartered in Beijing, the company offers fully immersive one-on-one English language instruction provided online by highly qualified teachers. The curriculum is based on the U.S. Common Core State Standards and uses a flipped-classroom approach to foster creativity and critical thinking skills.