Whether it’s an important consumer application, a specialist app to solve a particular niche problem, or even a time-wasting game you can play on your phone, you can create a massively successful business if you build software that helps people. (Look at the rise of Slack—the team communication software that went from side project to billion-dollar company in just 2 years.)
“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.
This is a job with much potential, in part because the title description covers many things. “You can fit your offerings to what you know how to do,” says Stephanie Foster, a former medical transcriptionist who runs the website HomeWithTheKids.com. One can own a virtual assistant business or work from home for a company that makes you available to other employers or clients. HomeWithTheKids.com, for example, currently features several such companies.
Sykes Enterprises, Incorporated is a leading provider of multichannel demand generation and customer engagement services for Global 2000 companies and their end customers. SYKES’ differentiated full lifecycle solutions and services — digital marketing, sales expertise, customer service, technical support and more through multichannel delivery platforms — effectively engage customers at every touchpoint of the customer journey. Our complete service offering helps clients acquire, retain and increase the lifetime value of their customer relationships through cost-effective solutions that enhance the customer service experience, promote stronger brand loyalty, and foster high levels of performance and profitability.
This isn’t to scare you off. I simply want you to know that this guide is going to focus solely on ways to make real, sustainable extra income online. Not just a few bucks. I want to share all the mistakes I've made that got me to where I am now so that you don’t have to go through them, and can build a successful online source of income for yourself.
Re-selling web hosting will enable you to make money hosting your own client’s websites. Large hosting companies like HostGator allow you to white label their hosting services. You could start your own hosting business or, if you are a web designer, include hosting into your web design packages. And the best of it is the hosting companies take care of the hosting for you, so all you need to worry about is selling.
Before getting started with any kind of “we’ll pay you some minimal amount to do stuff” service, read reviews. What are people saying about the payments? The opportunities? How long it takes to get paid? Are there any creative methods a person can use to maximize their profits for the work? Is the work something you can actually see yourself doing, or will you likely quit a few minutes after you’ve finished your first project?
While it may be tempting to start blogs and sites that appeal to lots of top categories, this strategy may spread you out too thin and prevent you from ever truly optimizing any of these channels. Start with one niche that you are the most knowledgeable about, establish yourself as an expert and then expand out from there. Only then start working out other areas.
Social media networks like Facebook and Twitter are top ways to build a buzz around your website or business. If you have multiple sites, be sure that each of them has an account that is updated regularly. Social sites aren’t repayable as your only form of advertising, but they can help to build a lot of brand recognition and send eyes to your sites.
Creating space for banner ads on your website is another way to generate a revenue from adverts. However, for this type of advertising, you will need to contact businesses directly and ask them if they would like to advertise on your website. The upside is that you can charge a set amount, or even a recurring monthly fee, to business to promote their services on your site. Using a WordPress plugin like AdSanity is an effective way to manage this type of advertising.
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.