Saving Money is Making Money. You may have heard the saying “You can’t “outwork a bad diet”; finances are similar. Before launching your side hustle, it makes sense to sit down and look for opportunities to reduce unnecessary expenses. Now, I’m not suggesting you give up the items you and your family value and enjoy, rather lets just trim the fat a bit.
Event planning is a bit like wedding planning, just on steroids. The scope of this idea is so large that it includes everything from cheesy stag and hen do parties to sophisticated product launches. Again, the entry barriers are rather low, but a flush work portfolio and a few glowing testimonials are something you need to consider to get a good head start in this field.
If you're at all interested in starting your own online business, there's no time like the present. We live in a golden age of wealth. As much as the media tries to glorify the perils of our society, we actually live in a time that's ripe with opportunity and the potential for monumental business growth at a scale never before experienced. Thanks to the internet and smartphones, the amount of commerce being conducted online has experienced explosive growth.
Affiliate marketing. You know this one already. You include links to products you are promoting as an affiliate, and every time somebody buys the product, you get a commission. With a blog you can integrate advertising with content to make it even more likely you’ll get the sale. For example, you could do a product review — which is useful content — and then include a link to buy the product under an affiliate link.
Reduce monthly debt payments: Not all of us are in such a dire situation that we can just have our debt forgiven. However, you can cut your payments by up to 80% by refinancing. Most credit cards have interest rates above 25% and Even Financial’s listed loans are as low as 5%. It wont change the amount of your debt, but it can reduce your monthly payment significantly.
Naturally, the next one on the list is coaching people how to deliver great speeches. Public speaking is the number one fear on most people’s list – some fear it more than death! This skill can prove to be handy in many areas – from pitching to investors, to delivering key messages at global conferences. If you’re a natural on stage, help entrepreneurs rediscover their in-born ability to communicate by selling effective presentation templates and online coaching classes.
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.
Sites like Patreon allow interested patrons to donate either a monthly fee (in exchange for content produced by the artist/entrepreneur) or a fee per creation. To learn more about how you can make this model work for you, read our guide on How to Use Patreon to Start a Business, and check out our favorite Patreon profiles, which should give you some good ideas. If you’re looking to start a side business online, this one might be right up your alley!
Basically, you pick a profitable niche for your online business, and then you find an affiliate partner who has products available in that niche. Some of the most popular affiliate sites are Clickbank.com, Amazon.com, and CJ Affiliate by Conversant (formerly Commission Junction). Between them, they offer just about any digital information product (like ebooks, audio files, video files) or physical product you can think of.
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Skillshare: Want to teach people things but don’t want to make them publically for free? Skillshare is a platform that allows people to create online courses to help others and if people use your course, Skillshare will pay you. Want to learn from other creators? There isn’t a better place on the internet. Skillshare comes built-in with an audience interested in learning online.
To work in customer service, it is important that you have a noise-free environment so that you can listen to customers and respond in the appropriate way. One basic requirement for this type of position is a landline phone – not VOIPs (voice over Internet phone service) or cell phones. Some companies listed will hire you as an independent contractor, so you will be responsible for your own taxes. Businesses that provide home-based customer support opportunities include Arise and LiveOps.
If you are the creative/artistic type, this may be an attractive option for you. With sites such as Etsy or Not on the Highstreet, selling of hand-made products has become considerably easier and more accessible, even for absolute beginners. Other marketplaces worth considering are Artfire, DaWanda or Yokaboo. Another option is to create a page on a social media platform and drive sales using various channels, e.g., a Facebook group;
One of the easiest ways to make a few bucks online is affiliate marketing. An affiliate is essentially someone who receives a commission for selling products for other companies, whether it’s on their own site or through another channel like eBay. The best part is that you don’t have to develop any products yourself, just sell other people’s products.
In short, consulting usually means providing others with expert advice. Therefore, to succeed as a consultant, you often need to have a degree or some other type of professional certification from a professional body in the field of your choice. To offer your services, you can use some of the freelancer websites mentioned in the ‘Writing’ section or set up your own. Below we list the most common types of consulting services.
Writing effective and grammatically correct resumes and cover letters is a struggle for many professionals. These type of writing services includes an analysis where clients are given guidance to determine their objectives, and define the skill set needed to achieve them. After that, the next step is selecting an appropriate format and choosing vocabulary which will appeal to a potential employer, without making the applicant sound arrogant and “too good to be true”. A good resume or cover letter needs to highlight an individual’s skills, be relevant to the position applied for and have a positive tone.
Acorns rounds up your everyday credit and debit transactions and automatically invests the spare change for you. It's only $1 a month and free for college students with an .edu address for up to four years from the date of registration. You'll barely notice the micro-investments of spare change, plus the Found Money feature invests money in your account when you shop with Acorns partners such as Macy's, Nordstrom, and Walmart.
Now, here's an online business model that has unfortunately become the butt of far too many jokes. This is because a certain segment of society (that’s you, hipster!) went around loudly telling anyone willing to listen that they were full-time bloggers. The net result of all this misplaced enthusiasm is that if you tell any of your friends or family you're going to start a blogging business, they'll wrinkle their collective noses at you, while coughing politely.
While this is not technically “at home,” you can still earn great money without ever getting on the phone using your personal car, bike, or scooter to deliver food, give people rides, and even picking up groceries. The great thing about these companies is that it's also very flexible work. No one is telling you when to start and stop. You just do as much work as you can, when you can.