With any business, there are ways you can get started putting a lot of money down upfront. There are also ways to start an online business that don’t cost much. With the affiliate marketing business model, the startup costs are low, but you will be relying on organic traffic. Some affiliate marketers rely too heavily on paid traffic, which will quickly eat into your profits. Put work into your search engine optimization (SEO). It will pay off in the long run.
Ether – This is actually a pretty cool concept. Essentially, you’re selling your advice via telephone (almost like a phone version of Just Answer). They give you a free Ether phone number (which forwards to an actual phone), you set your hourly (or by-the-minute) rate, and you can schedule times that you’re available for calls. You can also sell digital content via Ether.
I actually don’t make much money doing this at the moment. I just started a couple of months ago and I only have 400 photos uploaded. But, if you build up a portfolio and upload photos consistently, you can make a good $500 a month a couple years down the road doing nothing each month. I only make $10 a month on Shuttershock right now, but I’m hoping by the time I leave Thailand I’ll have enough photos uploaded to be earning a decent amount. There’s tons of stock photo websites you can upload to, but Shutterstock is my favorite because they help you come up with the keywords to tag your photos with which is the most exhausting part of the process for me.
Before I talk about some of the methods for making money online, I wanted to address the role of pain versus pleasure. Every decision that we make in life is weighed on a pain-versus-pleasure scale. We will always do more to avoid pain than we will to gain pleasure, plain and simple. However, this is also what holds us back from succeeding in any endeavor.
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.
Surveys aren’t the best way to make money fast. But there’s a certain appeal to clicking a few buttons and earning money when you’d otherwise be doing nothing. Here’s our recommendation: Sign up for these legitimate survey sites all at once. Chances are, you’ll qualify for at least one or two surveys on each site a month, and the rewards will add up.
Coming in at #6 is Multi-Level Marketing, also called MLM. This is one of the better known ways to make money online because it is promoted to death. This is a great option for those who want to grow and develop a sales team. Basically, the way MLM works, is you promote one product, but then you also build a team of people under you. A lot of people don’t like MLM, myself included, because it sort of mimics a pyramid scheme. If you’re not at the top of that pyramid, you’re not going to make a lot of money. But if you do get to the top of the pyramid, you will earn an income based on sales that everyone below you is making. This can really give you a good passive income stream.
If you want to clear some space out in your house and have a big stack of books you’ve been holding onto for too long, you can make money selling your books and textbooks online. Stores like Half Priced Books and others will give you cents on the dollar for each of your current books while you can check what your book is worth by simply entering the ISBN number on Book Scouter.
Creating space for banner ads on your website is another way to generate a revenue from adverts. However, for this type of advertising, you will need to contact businesses directly and ask them if they would like to advertise on your website. The upside is that you can charge a set amount, or even a recurring monthly fee, to business to promote their services on your site. Using a WordPress plugin like AdSanity is an effective way to manage this type of advertising.
Thanks for the list Eric. Many of these I have tested out and a few I still work on with regularity. There are many more places to join and get paid to write if one wants to become a full time freelance writer. A few places are Bright Hub($15 for an article), Textbroker(varies from .01 a word to .04), and The Content Authority(roughly same as textbroker). These are probably the easiest to get started with.
Just as a personal example, I own a website called DogFoodInsider.com. Most of the articles on that site have been written using freelancers I found on Elance.com. So, I would post a job on Elance saying that I need reviews of dog food. A bunch of freelance writers would come back with how much they charge, their experience, why they are an expert with dog food and writing dog food reviews, and then I can go ahead and choose from the list who I will hire. So, Elance.com is great, anybody can join, and in fact, any of the above services are open to any freelance writers.
This is one of the classic online work opportunities and well-suited to picking up in your downtime. All you need to do basic transcription is the ability to listen and type what you hear – correctly – at a respectable typing speed. On average, it’s best if your typing speed is around 65 WPM and that you can maintain accuracy of at least 95%, though you’ll find that most transcription opportunities urge you to maintain 99% accuracy. Many transcription companies pay per audio hour transcribed, so it’s in your best interests to be as quick and accurate as possible to maximize your earnings. You can often make more by having the background to specialize in medical or legal transcription.