I managed to make spare change selling my cards through these sites. The main reason I could make any money was because I would win cards in tournaments, hence I had a supply source that would result in a good profit margin. Of course this wasn’t sustainable unless I kept placing well in tournaments, nor was it really scalable unless I started buying in cards from other sources.
Those are some great articles i’ve already curious about starting my own online business but don’t really know how to start, or what to sell. I working fulltime in sales right now, But i would prefer to do my own thing so i can have more time to do real estate In the City of New york i know i can make more money like that. I feel a lil i’m stuck don’t really know where to start..
Aloha Yaro, gosh that was an awesome business venture the way you set it up. It’s like walking along with you on you online ventures, as you were developing and progressing with time. I find your post very valuable and leaving great clues of what to expect if we were considering some of the avenues you ventured on. I most enjoyed was your candor of expertise on your success and failures, I rarely hear most experts say much about their downfalls. Glad I came by and thanks for sharing! Keep it going! Mahalo, Lani 🙂
The best thing about eBay – the abundant traffic – is also the worst thing. Barriers to entry are low on eBay, meaning competition is fierce. When competition is fierce, profit margin is slim. Unless you can find some form of competitive advantage through your supply chain, how you create listings, or you have a means to increase volume, you’re not going retire rich thanks to eBay.
One of the most beautiful and exciting qualities about blogging is that you can create a blog that deals with any subject area that you are either knowledgeable or passionate about (and preferably both!). You can write about personal finance, careers, real estate, getting into business, technology, cooking, travel, personal health, or just about any topic you choose.
No matter what you do to make money online, promote it on your social media accounts. You have a base of people who are already interested in you and have a vested interest in your brand – why would you not want to take advantage of that? By promoting yourself and your projects on your social media accounts, you’re greatly increasing the chances of people actually giving you money in exchange for your goods and services. Stop being shy and get out there.
Thanks for the great post. I couldn’t agree the more with you that a lot of times people end up having to spend more time to struggle with their online business rather having quality time with their family and etc. I think you hit the nail when you mentioned that one of your goals is to ensure you adopt an approach and system that allows you to not getting stuck in the trade hour for money kind of thing.
Drive for Uber or Lyft: If you're in a locale where you can find Uber or Lyft (or even one of the many competitors around the world such as China's Didi), you could easily make a respectable income. The hours are flexible and you can work as you see fit, making it perfect even if you currently have full-time employment but are looking to make some money on the side.
Ask for a raise. If you’re unhappy with your compensation at your 9-5 job, asking for a raise is one way to beef up your bank account. Most employers offer an annual review of your work – which could be the perfect time to negotiate a higher salary or ask for better perks. If your employer doesn’t offer such an opportunity, it might be time to initiate a review yourself.
Test websites. Remote usability testing means getting paid to navigate a website for the first time and giving feedback to the website owner. Most tests take approximately 15 minutes, and you can get paid up to $10 for each test. A test involves performing a scenario on the client’s website and recording yourself doing it. For example, you might be asked to go through the process of selecting and purchasing an item on a retailer’s website.
Equally, you can charge businesses to ‘claim’ their listing, a method used by many large directory sites like Google Business and Yelp. This involves companies paying to upgrade their listing and adding information such as their web address, social media links, images, and more. Other revenue streams include charging for ad space, adding affiliate links and even charging for services and products on your directory site.
Some subjects are much better paid than others, so although you may love the idea of writing about travel (badly paid) a better bet would be a niche like finance (much higher rates of pay). Check out the Pro Blogger job board for high paid freelance writing jobs – other places to look might be Textbroker or you can look at the “gigs” section on Craigslist.
Tutors are in high demand whether it’s online or offline. Therefore, if you’ve got a brain and like helping others use theirs, become an e-teacher to earn an extra income in your spare time. The only thing you require is to be proficient in your area of expertise and be willing to give up a few hours each week to help someone else. Sites like Tutor.com and TutorVista are places you can sign up with and build a good reputation over time as a coach. If you’re really good, you can conduct lectures, seminars, or webinars that are transmitted online. University and college students are always willing to pay money to gain access into highly-respected online webinars.
29. Videos – This could be an entire section on it’s own. Many people have made money by creating YouTube videos. Evan of EvanTube is a kid and he has made millions by creating reviews of products that other kids his age would use. It’s not easy to get views into the millions, but once you do, you’ll start seeing some cash come in. Many bloggers have completely turned to videos to get their point across by starting a video blog.
Creating a jobs board website can be another profitable venture. The ‘jobs’ field can be quite saturated, so it is important to find a niche that is still crying out for a jobs board website. Monetize this type of site by charging businesses to list their jobs on your site. Those searching for jobs could also be charged a fee to access the higher paying job adverts.
Become a virtual assistant. Virtual assistants perform a wide range of services for their clients, all of which can be completed online. Depending on the day, they may open and reply to emails, schedule online work or blog posts, write mock-up letters and proposals, or perform data entry. You can look for virtual assistant jobs on sites like UpWork.com and Problogger.net.
Webinars are quite possibly one of the most potent ways you can make an exorbitant amount of money online. Russell Brunson often says that if you do a webinar every single week for a year, you'll be a millionaire at the end of it. You'll need an audience to train and you'll need to know what you're talking about. Of course, this usually requires having a website and some semblance of an online presence.
That isn’t to say that you shouldn’t go after the easy money from things like ads, but you shouldn’t have that be your only way to make money. Ads may make you some extra money, but every click on these ads often earns you only pennies. Additionally, the folks who visit your pages don’t like ads, and if your page is slathered with them people won’t keep visiting your page, and they definitely won’t be clicking on those ads.
In 2017, there were almost 90 million pet dogs in the US. Which has opened up a huge opportunity to make money online as a dog watcher or sitter. Specialized sites like Rover or Care.com connect pet owners with pet walkers, sitters, and boarding houses to help look after their best friends when they’re at work or on a trip. If you’re an animal lover, you can make extra money and get to spend some quality time with a furry friend.
Need more ideas on how to make money online? Another strategy is using webinars to market your product, service, or course. I’ve done webinars to promote my financial planning practice and to drum up interest in my online course for financial advisors. With a webinar, you’re basically offering a lot of tips and advice for free — usually in a live format. At the end though, you pitch your paid product or service with the goal of securing a few deals.