17. Amazon – Have you heard of FBA? It stands for “Fulfilled by Amazon” and it’s getting pretty popular. Basically, you buy products (in bulk is best) and ship them to Amazon for them to store. When your products sell, Amazon packs them up, ships them out and sends you the money (after taking their cut). There are people making a full-time living from FBA, while others just do it for some extra money.
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Starting a podcast, like making a YouTube channel or blog, comes down to telling interesting stories and building an engaged audience. I’m probably sounding like a broken record by now, but you need a niche that you’re interested in and there’s already a demand for. Come up with a list of topics you’d like to talk about and then search iTunes charts, Google Trends and other podcast research sites like cast.market to see what’s currently out there and popular.
Here’s the most comprehensive list of ways to make money online you’ve ever come across. From blogging and affiliate marketing to paid surveys and freelance, this excellent infographic from Survey Spencer just about covers it all. From our own experience, we can tell you about blogging – it’s not easy to make money in the beginning. But if you stick to your niche and share interesting content regularly for over a year, you can develop a loyal subscriber base. When the traffic starts rolling in, so does the money. Six figure earnings (and beyond) are very much possible. SEO and social media play a crucial role of course.
One common way to do it is to create a niche site – a site generally focused on one type of product or sub-market – and populate the site with relevant articles, with affiliate links embedded. One of my current challenges is to add $20,000 per year to my passive income portfolio by creating niche sites that focus on Amazon products. Here are some good sources for products to sell as an affiliate:
Now, you can enjoy the income potential of being a landlord without the headaches! With a $500 investment, you can open a portfolio at Fundrise. You directly invest in properties located across the United States. Historical annual returns are between 8% and 12% which is similar to investing in the stock market. The main difference is that you don’t have the daily market swings.
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.
A site called User Testing will actually pay you a fee to evaluate websites. It typically pays you $10 for each video that you review – which typically takes about 20 minutes. If the work is there, and you are particularly good at it, you could earn up to $30 per hour. That’s a pretty solid pay rate for a work-at-home job. You wouldn’t have to work a whole lot of hours to generate a decent part-time monthly income.
Video is growing like crazy. And more and more people are looking for professional help cutting their raw footage into viral-worthy content. If you have the right software and a bit of skill, you can easily make money online as a video editor. Check out these article of Fstoppers on how to become an online video editor and then look for relevant jobs on Mandy.com, Creative Cow Job Search, or ProductionHub.
The world becomes a better place when people learn new things, and if you are a good writer, you can put your skills to use and help educate the world. If you love to write, consider being a freelance writer. Freelance writers are always needed for blog entries, magazines, websites, and more. Business owners are often willing to pay a good price for a well-written article they can use, and you will get some fast cash as a result. There are several different ways in which you can embark on a freelance writing career. You can register for an article writing website, look through the writing job boards, or contact a publication on your own and pitch your ideas. The sky is the limit to how much you can earn.