Once you have that problem or need nailed, the next step is to validate that idea and make sure you’ve actually got customers who will pay for it. This means building a minimum viable product, getting objective feedback from real customers, incorporating updates, testing the market for demand, and getting pricing feedback to ensure there’s enough of a margin between your costs and what consumers are willing to pay.
Eric, this list is HUGE, thank you very much! There are clearly so many ways to make money online. It’s all about choosing the method that works for you. To make some decent money — even just a dollar — one has to look at the internet in unusual ways. One cannot think of the Web as a place for entertainment, a source to use when you’re bored or some temporary time killer.
If you offer freelance services or have a physical services business, then creating a blog is a must. On your blog, you can write about the services you offer and how they will benefit your clients. Importantly you can add a ‘Services’ page, outlining the services you provide, what they include, and any other important information potential clients may need. This is an effective way to promote your services, generate leads, and increase your revenue.
There’s always a learning curve to any of the different ways to make money online. So even with the legitimate training courses out there, don’t expect to be a master or pro right away. It’s going to take a little bit of experience and learning what works, or what doesn’t work, before you can expect to earn a high amount of income from your online marketing methods.
Alibaba is a Chinese eCommerce store that matches Chinese suppliers with buyers all over the world. Prices are extremely cheap, providing the possibility of large profits. However, with the potential profits comes more risk. As you are dealing with suppliers in China, if the quality of the product that arrives isn’t up to standard there is little that you can do about it.
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.
In the past few years, craft marketplaces have popped up all over the Internet and offer a place where you can sell your handy work to those who appreciate handmade items. Etsy is the most popular marketplace out there. You can create your own web store on this site and list your handmade crafts, vintage items, and craft supplies. There are plenty of other sites on the web that cater to arts and crafts of all types. You can earn some extra money while enjoying your favorite hobbies.
×