With that said, I find Ebay is better for supplemental income instead of a full-time income. But you CAN grow a full-time business on Ebay if you choose to. I simply prefer other ways to make money online. I don’t like to rely on Ebay or any single company to grow my business, so I tend to use Ebay for things that I find to be fun like garage sales. It’s not something I like to earn a full-time income from, but others do choose to grow an entire business centered around Ebay. If it’s really something you enjoy, you could do the same.
Flipping and selling websites, or website brokerage, works better based on experience. While one of the biggest benefits to flipping websites is the high ceiling for profit, you need to know what you’re doing. Making money from flipping websites requires a specific skill set and set of traits to be successful. There are a ton of talented people that are doing very, very well with this online business model.
The revenue sharing aspect of do-follow sites like InfoBarrel really is awesome when you think about it. When I find a long-tail keyword that I like, but that I don’t think has quite enough traffic or high enough CPC to make it worth doing a whole niche website, I can still utilize it by writing up a quick 500-word article, and I can add a simple signature pointing toward my main blog.
Creating a jobs board website can be another profitable venture. The ‘jobs’ field can be quite saturated, so it is important to find a niche that is still crying out for a jobs board website. Monetize this type of site by charging businesses to list their jobs on your site. Those searching for jobs could also be charged a fee to access the higher paying job adverts.
The money is most certainly in the list. If you're at all interested in online marketing, setup email software and create a lead magnet that you can use in your sales funnel. Then, build up that list. It's often said that you can expect to earn about $1 per subscriber per month. If you have a list of 10,000 subscribers, that means you can earn roughly around $10,000 per month. You will need to deliver value and not pitch them on every email, but it is a very achievable goal in a short period.
Lending Club (U.S. Residents Only) – I’ve been talking about this site ever since I started this blog, so there’s no reason to stop now. Lending Club is an important part of my passive income strategy. I discuss it in all of my income reports, so you can read those for more detail. As I’ve said several times, I believe this is my only true source of passive income.
If you have graphic design skills then you could make money online by creating and selling your own design elements, like templates, fonts, graphics, and other assets. This is a great way to earn extra money and build up a portfolio of work, which could lead to you picking up freelance graphic design jobs. Websites like Envato Elements pay you a fee per element sold, which can become quite profitable if your work is popular.
When I have a keyword that I can develop into a niche site, though, I can do an article that points users through to the site. I’m getting great, targeted backlinks with strong anchor text and contextual meaning, and I’m even grabbing some revenue from the backlink site itself. It’s win-win. I can even create a ton of backlinks to the revenue-sharing site, which benefits me twice as much as backlinking directly to my niche site.
You could also opt to use existing websites for making money. These include both active income and passive income methods. For example, you could sell some used items or invest in creating some digital designs that then can be sold on merchandise. Again, devote a sizable portion of your time to passive income so that you can slowly build up earnings that will arrive on autopilot without any extra added effort.
Open an Etsy store. If you have a creative talent or skill – whether it’s creating art, sewing clothes, or making keepsakes – you can open an online store on Etsy.com and sell your wares for some quick cash. With your own Etsy store, you’re left in charge of pricing and, ultimately, how much you make. See our detailed primer, “How to Make Money on Etsy.”
Now, once you earn a reputation, you can start charging more and even earn a higher income. The goal here is to focus on a specific niche and become an expert in that niche. After that you can really thrive. When you first start and you have no experience, you’ll have to price yourself a bit lower. But once you become an expert in a specific niche, you can easily start charging more and increase your rates.
Outstanding list post Eric, I too love list posts. Actually had to open up my Evernote and copy this stuff down. I’d like to share a couple of really outstanding resources for online business professionals: fizzleshow.com (These 3 guys are brilliant, they provide an online community and outstanding learning for new business owners) and Empire Flippers – (Both those guys are funny, smart and helpful, which is always important in a great resource!). Thanks and looking forward to more valuable stuff!
Now you’ve got many different options to start earning online. If you saw something that really interests you, try it out and learn more about it. If you’re really wanting to make a full-time income online, you need to be dedicated to learning how to do what you want to do. There are tons of free resources out there. You just have to search for them!
eBay is the most popular global auction site around and is a great place to sell items you no longer want. If you are looking to earn some extra cash, start out by looking around your house for things you no longer want; list them on eBay and watch as customers bid on them. You can also purchase clearance sale items and thrift store finds and make a couple dollars profit by listing them as well. The key to selling on eBay is to do your research and find out what the hot items are.