Now, I know what you’re thinking. Most of the software and apps you use on a regular basis are made by massive companies or established development studios. Well, yes. But many successful apps, particularly those in the Apple and Google stores, are created and marketed by individuals and small businesses. In fact, independent developers made $20 billion in the App Store in 2016 alone.
However, if you're looking for realistic ways you can start earning money online now, then it really truly does boil down to seven paths you can take towards profit. Some will provide you with immediate results, helping you to address your basic monthly necessities such as rent, utilities and groceries, while others have the potential to transform your life by revolutionizing your finances in the long term.
Better yet, you can even upload your own book to one of the world’s largest book sellers: Amazon. With Amazon self-publishing, you set the price, retain the rights to your book, and get access to Amazon’s massive audience. For every sale, you keep 70% with Amazon taking the remainder as a fee. If you want to get started, check out Tara Gentile on CreativeLive as she shows you how to use your existing body of work to write an eBook within the next week. Who knows, you might just write one of the best business books of this year!
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Once you have that problem or need nailed, the next step is to validate that idea and make sure you’ve actually got customers who will pay for it. This means building a minimum viable product, getting objective feedback from real customers, incorporating updates, testing the market for demand, and getting pricing feedback to ensure there’s enough of a margin between your costs and what consumers are willing to pay.
great information. i recently used your “Start an Online Store” suggestion, but quick turned it from junk in my garage to small business. i found a way to make some quick doe. i found these, “8 point and 7/16 wrench catv cable star key security tool” listed on eBay for $50.00 each. Found the source (newelectronx) that sells them for $5 to 15 bucks per piece. I sell them on craigslist for a good return. i’ve been making good money every since. i’m not wealthy yet, but income is going smoothly and sell aren’t that bad. profit is at least $35 per sale. if i sell eight pieces per day then i make like $280 which is better than a 8 hour job to me. so online selling works.. try it
Krystal, I understand what you are saying, but I have made money selling pictures online, and I am no pro. I can get great pictures of wildlife, tropical landscapes, and many things that other photographers may not be able to get. Should I not do this, so that other photographers can? I am also trying to pay bills and run a household. It seems that raising prices could eliminate some of your future clients. I occasionally get calls because someone can’t or won’t pay $250-$500 for someone to take pictures of their family on the beach. I also give them the CD of all of their photo’s, which many photographers won’t do.
If you’re a fitness buff and have the right combination of charisma and business sense, working as a part-time online personal trainer can be both physically and financially rewarding. Once you build up a reputation and client base for yourself, it could easily turn into a full-time endeavor for you. Check out a few of the top fitness blogs and observe how they make money online from their content sponsorships, affiliate earnings and product sales.
Sites like Share-A-Sale and Amplifinity provide referral fees. Vendors set the referral fees they're willing to pay and for what services. When the transaction happens, you get paid by the company for introducing a new customer to them. uRefer also allows merchants to set up referral programs for introductions and meetings, in addition to any transactions made.
If you're a crafty sort, you can make money on the side by selling your wares online or at farmers' markets, craft fairs, and other locations. Online, look into sites such as Etsy.com and perhaps eBay.com, where you can maintain a store and sell to a wide range of buyers, with the website taking a cut. There might even be some stores near you that will sell some of your offerings under their roof, also taking a cut. What should you make and sell? Well, the possibilities are myriad -- you might make sweaters, jigsaw puzzles, jewelry, soaps, candles, leather goods, paintings, ceramics, or all kinds of other items.
Every year, hundreds of millions of documents are notarized in the United States: wills, mortgages, citizenship forms, handgun applications. While for decades, this has all been done in person, there is a budding crop of sites that allow notaries to take their services online. If you’re already a notary, you can sell your services online. Or, if you want to get started, check out the National Notary’s checklist for becoming a certified notary.
Hey Mia! That’s so great to hear, can’t wait to see what you come up with. Starting right away with both a blog and podcast might be a bit ambitious if both things are new to you… my advice would be to begin the blog first, because it’s much easier to launch a podcast once you’ve already gotten a little bit of an audience (on your blog). Happy to help out with answering some more questions for you, of course. Just send me an email to [email protected] 🙂
If you’ve got expertise in a certain area, package up your knowledge into an online course and sell it. This has become a very popular business model for online entrepreneurs over the past several years. The two big websites that are used to sell online courses are Udemy and Teachable. Check out this awesome article by Regina on How to Create an Online Course that Sells.
Instead, go with a self-hosted site (like my blog here is)—this means your blog will be hosted on your own server and you'll have full control over it. There are tons of highly reputable, affordable companies you can choose a web hosting plan with to get your website online, like Bluehost, Kinsta, A2 Hosting, Dreamhost or one of these monthly web hosting services.
And while you’re at it, why not help name the business itself? Believe it or not, you can make money by submitting business name ideas. There’s a company called Squadhelp that bridges creative minds all over the world with business owners, to come up with the best name possible. PT Money hasn’t tried the the product ourselves, but apparently there’s a decent chunk of change to be made! Check out Squadhelp.
Even if it’s a mundane task like walking dogs, you could start the next (or only) full-service dog walking and grooming service in your town (where dog owners rave over your business and always refer you to others). You can also hire other dog walkers as you grow, and turn your side hustle into a sustainable enterprise. You just have to do the work, and do it well.
This is one of the simplest strategies to employ -- just answer an ad for a business that's looking for part-time help. It might be for a job waiting tables or working a cash register, but no matter how unglamorous it might be, it will turn some of your time into money. Working just two four-hour shifts a week at, say, $12 per hour will get you nearly $100 per week -- and about $5,000 per year. You might do even better than that, such as if you wait tables at a fancy eatery and collect some hefty tips.
@dasjung Well the creative industry needs to get over it then. Makes them sound like a bunch of cry babies trying to make the world stop revolving. Everything is a scheme to make extra money. Including the work by the most serious, professional web designer. Every type of work has different levels of professionalism, and thank goodness we live in the U.S. where people are free to trade goods and services at the levels they deem appropriate. Free enterprise and liberty are beautiful words. I’m all for standards. I’m a CPA. But I’d never tell someone not to help people with taxes as a little side business. And that’s federal taxes! This is logo design. Logo design!My latest conversation: https://ptmoney.com/taking-time-off-work/
Thank you for the input. I think your probably right….the purse selling would be a huge challenge. Thank you for the suggestions 1 & 2. My husband owns a complete auto care business and we are leaning towards purchasing vehicles from individual sellers to resell. That may be the more certain route to take. We have access to auto technicians and auto equipment etc. I was kinda trying to do something myself, I’ll get back to brain storming!
If you frequently hear about what a nice voice you have, and even if you don't, you might want to look into doing voice-over work. This is a serious career for some people, and you could pursue having it be your career, but that will take considerable effort. Alternatively, at sites such as Fiverr.com, you can offer your services at a reasonable rate per hour, perhaps starting with a low rate until you've gotten some takers.
This is the best way to boost your earnings, as you have the most leverage at the moment that a company wants you but isn’t sure whether it can get you. Use that to your advantage in negotiations. Another benefit of getting a bump up when you switch jobs is that the percentage boost will be baked into all your future raises, elevating your lifetime earnings. Here’s how to negotiate your salary.
Using the money you already have to make more money is usually a pretty smart move. A service like Lending Club is a great way to act as a lender and earn interest on your money. Lending Club is the world’s largest online credit marketplace connecting borrowers and investors. Essentially you act in place of the bank, and lend out money at predetermined interest rates (that are typically higher than your average savings account).
For non-tech people (myself included), web design can cause a lot of stress. And stress means opportunity. If you have a knack for web design or web development, you should definitely be capitalizing on it. And since it’s such a foreign concept for many, it can be a really lucrative side hustle. You can find all sorts of gigs on Upwork. To get you started, check out How to Make $5,000+ a Month Building Websites Part-Time.
While cryptocurrency is still relatively new, it will ultimately become the standard. Bitcoin and Etherium might be the primary cryptocurrency platforms today, but the US Dollar will eventually become the Digital Dollar by leveraging the blockchain. You can take advantage of the current boom in cryptocurrency by trading it through platforms like eToro and Kraken, amongst many others.