Multi-vendor marketplaces, like ThemeForest, can be very successful. Chose a niche and create a vendor website for it. Your marketplace could be anything, from a platform for local artists to sell their work on, to an online digital product store. Once set up, invite people in that industry to sell their products on your site. You take a percentage of their profits when items sell.
Now, this isn't about some get-rich-quick method here. If you want to get rich quick, forget about trying to do it on the internet. Sure, Facebook ads are all the craze, but without a serious understanding of the mechanics behind sales funnels and conversion optimizations, which only comes after years and years of in-the-trenches work in the internet marketing field, you're largely wasting your time trying to "get rich quick."
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.
You can also market your ebook on your own website or blog, particularly if the site gets good traffic. Still another method is affiliate marketing. You can offer to pay sites related to your ebook a percentage of the sale price – say, anywhere between 20% and 50% – for them to post an ad or linked article for your book on their site. This could enable you to market your ebook on multiple platforms for greater market exposure.
Coming in at number 2 for the best legit ways to make money online is by selling your own products or services. So many people have skills or they can make something that other people want. For example, my sister is phenomenal at making specialty cakes. Not just regular cakes, but they actually have almost a whole scene on them with different people and houses or whatever you want, she can make it. She could either sell training programs or she can sell cakes themselves. People can request cakes and go on her website and request certain things. Not only can she do this for people and make money at it, but she’s making a living doing something she really likes. It’s turning a hobby into a career.
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.
51 Talk (also known as HAWO) is a well known language education school that’s listed on the New York stock exchange. They describe themselves as “the best and largest professional online English school in China,” and employ more than 12,000 people globally. Most of their teachers are native English speakers from other countries who use their computers to conduct remote… Read More
Whether you're looking to make some fast cash, or you're after long-term, more sustainable income-producing results, there are certainly ways you can make money online today. The truth is that making money online isn't as difficult as most make it out to seem. It does require some discipline. Sure. Without discipline, you'll find it tough to make a buck both online or offline.
Whether you want to become your own boss, start a side hustle, or earn extra money on the side, any of the strategies listed above can help. By finding ways to increase your income, you can free up more cash to pay down debt, save for the future, or invest for retirement. Saving money is only half of the equation. And if you truly want to get ahead, you might want to figure out how to make money – and hopefully, lots of it.
Most people think that you need to have a lot money stocked away before getting started with investing in real estate, but that isn’t true. In fact, you can start with with as little as $500 by using a platform like Fundrise. Fundrise allows investors of all types (beginners and experts alike) to invest directly in a real estate portfolio that’s managed by a team of professionals.
What are dividend stocks? They are just like regular shares of stock, but with one exception: For every share of a dividend stock that you own, you are paid a small portion of the company’s earnings. Basically, you get paid just for owning the stock! If you are looking to get started with dividend investing, check out Ally Invest (which is included on our list of best investment apps).
Add a few plugins. WordPress is king in this area which is why I advocate starting out with them. There are plugins out there for pretty much anything you can think of website related but starting out you may just need WordPress Jetpack. As you blog more and network with other bloggers, then you’ll realize what they use and go through a trial and error period to see what works for you.
Robo-advisors are diversified investment accounts that are automatically managed by a computer algorithm (as opposed to a human money manager). If you want to invest, but don’t have the money, or don’t want to invest with a money manager, robo-advisors are for you! Robo-advisors make investing easier—and cheaper—so they’re perfect for new investors.
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.
If you have an eye for design and some experience of creating websites, then you could offer your services as a freelance web designer. You will need to create your own stylish website and have a few other projects that you can show potential clients to demonstrate your skills. You will also need to initially spend time emailing businesses to promote your services and find work.
Medium is an online community where anyone can post articles and essays and get them in front of their audience of millions of monthly readers. While it can be a great place to build your audience for your own blog or find customers for your consulting business, with Medium’s new Partner Program, you can now make money online whenever someone reads your articles. Register for free and you can choose whether your articles are freely available or only readable by those people paying $5/month for a premium Medium membership. You’ll make money based on the amount of people who read and engage with your posts each month.
Become a proofreader. All kinds of businesses hire professional proofreaders to look over their copy and content for errors before they publish. This side hustle is one that could work for nearly anyone since you can work from home provided you have a computer and an internet connection. You can find online proofreading jobs through websites like Indeed.com and FlexJobs.com
Society6: Selling on Society6 is as easy as uploading a high-res file, then setting your retail price and your profit for each art print type and size. The site will produce, package, and ship the product for you. You can also add a large variety of other products, including phone cases, clothing, home decor, and bed and bath products, which have pre-set royalty payouts.
Get samples. When you first start out as a freelance writer, it can be hard to get work without any published samples. However, it is possible to get quality samples if you are willing to do some writing for free. First, you can publish content on your own blog or website. Also, you can write guest posts for someone else’s blog. Finally, you can write blog posts for free in exchange for a byline.
If you have some money to play with, a creative method of income is through private labeling. The practice of private labelling essentially involves choosing a product you’d like to sell, sourcing a generic version of that product for resale, creating your own brand, and selling your products through Amazon. It may take a significant investment of time to set up, but you can set it up so it’s all automated and hands-off after you first launch. Ship your product to Amazon, Fulfilment by Amazon (FBA) will handle shipping (and returns) to your customer, and you collect the money you make.