Start by taking other courses you’re interested in: Not only is this important competitor and opportunity analysis, but it also gives you an idea of how a course could or should look and feel. What’s the pacing like? Is it via email, video, in-person chats? Once you understand how you want your course to look, it’s time to decide what it should include. Those same courses are a great starting place. How can you make your course better or more interesting? Do you have experience others don’t?
To test these websites, you’ll be asked to visit the site in question and record your reactions and thoughts as you go through it. To get started making extra money online by testing websites, sign up for some of the most popular services like UserTesting.com, Userlytics, TryMyUI, Userfeel, TestingTime (for people outside the U.S), or Side Income Jobs.
The big boys and the big girls move stock prices on Wall Street. Mutual fund companies, large hedge funds and registered investment advisors with hundreds of millions, even billions to invest, seem to have the advantage. Yet an individual investor can still make money. Follow the CAN SLIM system, invented by IBD chairman and founder Bill O'Neil, of selecting, buying and selling stocks, to a T.
The trend runs right down the line: the smaller the company, the lower the multiple. Public Storage has long been the top dog in this sub-sector, but smaller rivals are not all that much cheaper. Storage tends to be a hot sector in the REIT world, and so it's not so surprising that these valuations are relatively high, but they're staggered by market cap nonetheless, bearing out Compass Point's conclusion.
With membership sites, there needs to be that hook, that thing that keeps them. I’ll give you some examples of people that do this well. Besides DSL, I’m part of a few other online communities, like the Dynamite Circle from a lifestyle entrepreneurship podcast called Tropical MBA. What members get when they pay the $70 monthly fee is access to the ‘Circle’. This is a valuable forum where we can all connect with other listeners.
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.
WeReward: This iPhone and Android app allows you to complete small tasks (ex. taking a photo of yourself with your favorite beverage or eating at a new establishment) for points that translate to cash. Though the per-task reward is small, there are millions of participating businesses and the points can add up quickly. The location-based rewards are best if you already have an active lifestyle and won’t have to force yourself to starting eating/drinking out all the time.
Provide excellent customer service. Answer any questions buyers post as quickly as possible. Be professional and courteous. Positive communication builds your reputation with buyers and gets you return business. Also, package your product well and ship it out quickly. Allowing an item to become damaged or taking too long to ship can negatively affect your reputation among buyers. Wrap all items, especially fragile ones, in appropriate packaging. Commit to shipping items as soon as you receive payment.
This has become a popular business model for online entrepreneurs over the past several years, and will probably just continue to grow in popularity. The best thing about selling online courses is that once you do the up-front work in creating the course and setting up your marketing strategy, you can get paid over and over again for work you do once.