If cooking is one of your personal passions, there are dozens of opportunities to turn it into a decent business venture. You can start by setting up a catering website, experimenting with pop-up food stalls and local food markets, or joining platforms like MenuNextDoor that encourage cooking enthusiasts to squeeze some money out of their passion. And if you’re not camera-shy, you can teach people how to cook special meals by selling online classes.
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.
Social media is an integral part of any business but it’s time-consuming and ever-changing – so really quite difficult to keep up with and, more importantly, capitalise on. Many business owners are willing to outsource this time-intensive task, so it’s a great opportunity for social media fanatics. Bundle together a few interesting offers, such as “Startup social media kit” or “Small Business Social Media Starter Kit” that encompass everything from social media graphics to analytics reports and the seamless experience will bring you more clients than you expect.
Do you spend more time packing and unpacking your luggage than most of the people you know? Then you might be onto something! Travelling is one of the greatest passions of this age – the crazier and more nomadic, the better! If you have a knack for organising memorable, authentic trips and enjoy the process of creating exciting day-to-day plans, why not do it for money? Become a travel consultant to help adventure-seekers plan their unforgettable holidays from A to Z and enjoy every second of your working day.
In fact, I wrote a book, Will It Fly?, that is uniquely designed to help people figure out if a business idea is worth pursuing. I’d recommend you read that as a guide during the discovery phase. Thousands of folks have already used Will It Fly? as a tool to help them validate and test their own business ideas before spending money they don’t need to spend. You can pick up a copy at SmartPassiveIncome.com/will-it-fly.
Become an affiliate marketer. There are many companies and webmasters who use affiliate programs to boost their online sales, and most of these affiliate programs are free to join. When you sign up for an affiliate program, an affiliate link with a unique affiliate ID will be assigned to you. The affiliate link is used for marketing the products of your merchant. When a visitor buys an item through your affiliate link, you earn affiliate commission.
And while you’ve probably heard of selling sperm or eggs, don’t get your hopes up: Yes, the young and the healthy can sometimes earn good money as sperm or egg donors, but such opportunities require extensive screenings and long-term commitments. Donating blood (sans plasma), meanwhile, is a great and altruistic thing to do, but you generally won’t get money for it.
If you’re a website or blog owner, you can sell a portion of your page space to advertisers and earn money passively each time the ads are clicked on by your target audience or visitors to your website. While the actual placing of the ads is completely free, the earning capacity of cost-per-click (CPC) advertising is based on the level of traffic to your site and the cost per click and click-through rate, or CTR. The most popular way to earn money today through advertising clicks is through Google AdSense or similar advertisers. Other ways of effective online advertising include RSS feeds and direct banners.
Work at home transferring data from one source to another. Most of these companies do not require past experience, although with few exceptions the pay may not be enough to consider it a stable income. Before you begin applying to any of the companies below (many of which sadly are almost never hiring), you might want to read the post I wrote about data entry jobs from home. It explains what your expectations should be prior to pursuing a career in this industry.