This is an outstanding article and it’s certainly generous of Yaro to share this type of first hand experience. I believe the key to any successful online business is to ultimately keep your overhead expenses extremely low. Fortunately, there are plenty of ways to accomplish that with an online business like doing your own marketing, only paying for B2B services if absolutely necessary, etc. For example, most businesses, even if they are purely internet based, often benefit from having a fax number and using an email fax service compared with traditional fax is definitely an easy way to save money. Even though most people consider faxes to be a thing of the past, most would be surprised how often faxes are still used and using an online fax service that delivers faxes straight to your email is a great way to save time.
We all know we should be investing money, but it isn’t always as easy as it sounds. This is especially the case for those with limited dispensable cash or inconsistent income. Acorns (get $5 to invest when you sign up through this link) is an app that will allow you to round up your everyday purchases and invest that spare change. While you may be unable to write a sizeable check for investing each month, you may not notice an extra $.25 tacked onto your morning Starbucks. Stockpile is another micro-investing platform I love. Get $5 to invest free when you sign up here.
Last but not least, you can also earn money online by building an online community, although the monetization strategies you can pursue will vary a lot depending on your goals. You can build a community with a blog, for example. You can also build an online forum and charge people for membership. You could even build up a Facebook group and use your influence there to sell and promote products.
Choose your niche and check for demand: The golden course combination is when you can find an in-demand niche that aligns with your skills and unique experiences. A great way to do this is to use Google Trends and Google’s Keyword Planner to look for average monthly search volume for keywords related to your proposed course content. Are people actively looking for high-quality information about this subject? Of course, if you’re already creating content for a blog, coaching service, or a site like Medium, you can test demand this way for free just like Bryan did.
Like with affiliate marketing, your potential to succeed selling information products rests on your ability to identify market needs, tap into audiences looking for this information and then give them what they want. There are plenty of subtleties and things to learn about, but thankfully there is plenty of guidance out there too. Digging into the archives of this blog you are reading now and downloading my free reports – The Blog Profits Blueprint and Membership Site Masterplan are fantastic starting points if you want more help.
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What makes this list unique is it’s based entirely on the methods I have personally used, so I can reveal to you what I did and what my results were. Bear in mind these methods represent ten years of working online, so I do not do all of them presently. At one point in my career however they were an income stream, and are still viable options for you.
People who start to blog always thing of making money which tends them toward failure. In my opinion bloggers should choose the topic which interests them. They don’t think about making money. It’s about knowledge, try to learn more and don’t think about money stuff. There are many top blog topics to make money online but you can get success only with the topic you like to write on. Try to choose your topic for the blog. Making money is very easy, don’t think about it much.
Offering specific online SEO services is also another online freelancer role that businesses are crying out for. If you know how to improve a website’s SEO by doing keyword research, creating content that can rank in search engines, adding metadata/schema to posts and pages, and building backlinks to a domain, to name a few tasks, then this could be a great line of work for you.
Another way to utilize your talent and business skills is to run corporate workshops online. Businesses are always looking for unique ways to help educate their workforce, and if you can package your talents into a day or half-day long session, you can sell that to companies all over the world to make money online. Start by building a portfolio and then reaching out on LinkedIn to influencers at relevant companies to see if they would be interested in you teaching their team.
Do you have a big ticket item or two that you only use part-time? We are living in an age of “peer sharing” which has opened a door to earning income from renting everything from RVs (Outdoorsy) to sailboats (see Sailo). This works for smaller items, too. KitSplit lets you lend out professional cameras. If you have a desirable item that costs more than the average person can afford, someone out there may be willing to pay to borrow it.
If you really wanted to make the list even more exhaustive, you could also discuss the various biological money-making methods (e.g., sperm donation, egg donation, etc.) and/or go into the more technical (e.g., hosting websites on one’s own server, building computers for others, etc.). Also, you could potentially explore those well-known money-making ventures, such as trading on the stock market, which are seemingly difficult to enter into by their apparent complexity by listing various online instructional tools which assist novices looking to get involved in them (e.g., Investopedia’s online simulator to prepare for buying/selling stocks). Sometimes those methods of making money which appear to be the most difficult are, in fact, relatively simple once you understand the underlying conceptual framework – many people just don’t realize this.
For a brief period on my blog I invited people to submit their product, service or website for a paid review. This means they pay a fee (for my site it was $250) and I would write an article about whatever they submitted. I would not accept just anything for review, I had to see an angle that made for relevant content for my audience. Nor was a paid review a promise that I would write positively about the subject – I would highlight both good and bad points.
Using a food delivery service can’t necessarily earn you money, but it can help you save you money if you constantly find yourself throwing out half the food you buy. Food delivery services send a box of food every week with new, sometimes unique vegetables, meat, fruit, and so on. If you don’t have time to shop and want simple meal-prep that leads to a good meal, a food subscription service may be perfect for you.