If you love to travel and find yourself randomly searching for airfare sales or browsing Lonely Planet, why not carve out a niche for yourself as a private travel agent? My friend, Mark Jackson did just that, making extra money online with his travel consulting side business. Start with word of mouth recommendations from friends who know they can count on you for the cheapest flights, and then move on and create a Facebook or LinkedIn group to invite people who want to stay on top of the latest deals. Eventually you could spin this into a full-time consultancy teaching people how to make their dream trip a reality.
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“I have been making money online for more than a decade, and I have been doing it in various shapes and forms. All those years I’ve spent looking, reading and watching for that one thing that will help me hit a home run or publish a hit post. Unfortunately, it does not happen overnight. So, my favorite tip is, that there is no favorite tip. When you look at the clock, you only see the seconds moving. This is where our focus goes. But when you are not looking, the minutes and hours and days are also moving. Same is with making money online. You have to make many small steps so that one day you can turn back and realize you’ve come a long way.
Your money is either in charge of you or you’re in charge of it, there’s no middle ground. Using some type of personal finance software can help alleviate some of that money stress and better allow you to manage your money effectively. Without it, you may just be setting yourself up for constant financial worry. Life is already tough enough and there’s no need to make it more difficult by simply hoping your money issues will all work out in your favor. Hint: they won’t.
Specifically, this subreddit has a great, stickied list of sites and services you can use to make a little extra cash. I recommend reading through it in its entirety and thinking about what makes the most sense from a time/reward standpoint—as well as your personal preferences. You might actually enjoy filling out a ton of surveys, say, over dealing with researching and finding new Mechanical Turk projects to complete.
What It Pays: Though it's completely subjective to the company, you'll likely be paid per post or hourly. Factors that could increase or decrease the pay scale include word count, research, interviewing an expert, and more. Many freelancers are full-time, but if you're looking for a side-hustle to make some weekend money, this is a great option too. According to Pay Scale, the average salary for a freelance writer is about $24/hr.
It’s one of the oldest and most proven ways to make money – buy low, sell high. The buy low part comes from searching garage sales, estate sales, and even thrift stores to find items that are in good condition (“gently used”) but selling well below what they would if they were brand-new. In this way, you might be able to acquire an item for $5, and later sell it for $50.
Getting businesses to advertise on your podcast, either at the beginning or end or both is a great way to create a revenue through podcasts. Most businesses won’t be keen to advertise on your podcast until you can prove a large number of listeners. Therefore, it is unlikely you will be able to start out from the get-go with sponsors. But once you accumulate regular listeners or a high number of downloads from iTunes, you can start to sell advertising space on your podcasts.
There’s an excellent chance that you have one or several musical instruments sitting in storage that haven’t been used in years. Perhaps it’s a leftover from when you were in school, or even from your days playing in a band. Whatever the reason that you have it, it’s probably worth money if you can sell it. Brand-new instruments are ridiculously expensive, so people often look to buy used equipment instead, particularly if they are novices.
You'll also need ecommerce software, fulfillment software, worry about warehousing, customer service and refunds. But that's not all. You'll also need traffic. Think search engine optimization, Facebook ads, and other social media campaigns. It is hard work, especially on your own. You could opt for Amazon's platform, which might be the easier route. But, then again, at the end of the day, this is a serious business, which could produce significant profits. So you're either all in or you're not.
This has become a popular business model for online entrepreneurs over the past several years, and will probably just continue to grow in popularity. The best thing about selling online courses is that once you do the up-front work in creating the course and setting up your marketing strategy, you can get paid over and over again for work you do once.