For sure! I think that’s something Jeff and I have learned rather quickly is to definitely not put all your eggs in one basket. We had 1-2 affiliates that we promoted for the longest time that were by and large our main sources of income. We realized that if we lost even 1 of those affiliates we would be in for a huge world of hurt when it came to our monthly intake.
Research selling prices of items similar to yours. Look up completed sales or current listings of items similar to yours. Find the high- and low-end prices, and price your object around the median price level. If you want your item to sell quickly, price it at the low end. The condition of the item also affects the price. Items in poorer condition should be priced at the lower end. Also, consider how many listings there already are of items similar to yours. If many similar items will be competing with yours, you may have to set the price lower to get the sale.
So, where are we supposed to turn to make money the legitimate way online? This isn't just about generating passive income; this is also about finding ways and means to create an active income through the conveniences afforded to us by the internet that will not only help us with our debt obligations, but also empower us to save, invest and get really rich in the future.
Websites such as Upwork, Fiverr and Freelancer offer opportunities to do a variety of freelance jobs, such as writing, programming, design, marketing, data entry and being a virtual assistant. Fluent in a second language? Check sites such as Gengo or One Hour Translation, or drum up business through a site of your own. No matter what kind of freelancing you do, keep track of the going rate for the kind of work you provide so you know if you’re charging too much or too little. Learn how to get started on Upwork.
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.
However, like anything else truly worthwhile, apps require a significant investment of your time or money upfront. If you don't have the skills, then you have to hire someone who can assist you in creating a great app. But first you need to come up with an idea that will sell. Do the proper market research and analytics to come up with the right app.
The audiobook industry is booming, yet only 5% of books ever get made into audio format. If you’ve got a background in acting, or if people have said you’ve got a voice made for the radio, you can make extra money recording audio versions of independent and popular books. Sites like ACX connect authors with audiobook performers. So, whether you’re an author looking for more ways to sell your book, or an actor/voice actor looking to make some extra income, you can sell your services online.
Pinecone is one of the best survey panels out there for earning fast cash, and they pay quickly — usually by the next day — for the surveys you complete. The surveys don't come every week, but it's a nice little bonus when they do because of how fast they pay. Right now Pinecone is open, but there is no guarantee you'll get in just depending on what demographic they need right now.
Now, don’t just write one book and expect to earn a full-time income from that. What you want to do is write a series of books and start to gain a following. Whether you’re writing fiction or non-fiction, really try to keep everything within’ the same niche and within’ the same industry. Once you do that, you can start getting a following of people who are highly targeted and every time you come out with a new book, they’ll be ready to download it immediately. That can take some time, but gaining a following is the best way to grow a legitimate long-term and sustainable business.
Sign up for a reputable affiliate network: Aside from Amazon, there are dozens of large reputable affiliate networks, such as Share-A-Sale, Clickbank, and Skimlinks, that specialize in connecting you with merchants who are looking for affiliates to sell their products. They charge relatively low commission fees for the privilege of connecting you with merchants, and the merchants on these sites tend to offer much higher commission percentages or set dollar amount payouts.
Make money on YouTube. People who love the spotlight and have other online hustles should consider creating their own YouTube channel. If you’re interested — and interesting — you can use the platform to market affiliate products, sell products you create yourself, or receive ad revenue for your informal tutorials or entertaining videos. Once you get the ball rolling, YouTube offers a partner program that can help you monetize your business further.
You can do a blog on any topic, provided you have public interested in it. You can make money with a blog showing ads through adware I like Google or selling affiliate products, or even their own small reports and e-books. Please note that win money with blogs requires much work and time. It has to be patient and be willing (a) to put a lot of time and effort
If you’ve got experience and expertise in a specific area of business, there are hundreds if not thousands of business owners who would love to jump on a phone call and pick your brain. This can be an easy way to make extra money online and to hone your skills to use in your consulting or freelance business. Sites like Clarity.fm let you create a profile where entrepreneurs and business owners can pre-pay to book a phone call with you for a set amount of time. Whether you’re an expert in raising money for startups, building apps, or running a restaurant, you can make extra money selling a few minutes of your time to people in need.
These are great for monetizing your blog/website, or using in conjunction with PPC/PPV ads. In general, CPA offers allow you to be paid for someone completing an action. For example, there may be an offer that requires someone to input their e-mail address or zip code. Upon that submission, you’re paid an amount, usually ranging between $1-10. There are more lucrative offers that pay $20+, like filling out a short form for a free credit report. It may require some creativity to use CPA offers to monetize your website or PPC ad campaign, but there are people who make a living doing this online.
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.