Noticeably absent from my list is “blogging”. I enjoy blogging and sharing with readers ways to save money, inspiring success stories and of course geek culture. However, blogging is not the path to quick money online. Despite what many bloggers and peddlers of courses may suggest, blogging is very hard work and it takes a sizable audience to make even a modest return.
The cornerstone of your affiliate business is about setting up a website that's focused on a specific niche. You research low competition keywords for that niche, with the aim of ranking on page one of Google for those keywords. People visiting your site then click on a referral link, and if they make a purchase at the destination store, then you get paid a commission. That's why some people call it “referral marketing”.
When you work in an office, you can ask your boss about the details of your upcoming presentation when you see her in the company kitchen. But if you telecommute, she’s just another email in your inbox. From letting her know if you’re going to miss a deadline or getting clarification on an email, you’ll have to be proactive about communicating all aspects of your job and any questions you might have with her.
If you're running on fumes, financially speaking, but you have some money coming your way soon, consider pawning something of value to borrow fast cash. Of course, to get those items back you'll need to pay back the loan with interest. If you don't pay it back in time, that you'll lose the item. If it's really something that has a lot of intrinsic value to you, don't do it. But if it's something that doesn't, you can certainly consider it depending on your situation.
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.
What It Is: Transcription essentially involves you listening to audio files and typing out what you hear. Easy enough, right? Companies usually hire transcriptionists without much experience, so some job postings might only require you to have a computer and keyboard to get started. Transcription jobs can vary from transcribing a college lecture to a doctor's medical dictation, while most companies allow you to make your own schedule.
Because smartphones are everywhere, the demand for new and creative apps is increasing in popularity more than ever before. Between Google’s Android and Apple’s iPhone market, people are using countless apps everyday. And, most of them are selling right and left. Taking the time to develop and sell a smartphone app may be worth your while since it’s a very lucrative way to earn money online. The apps cost almost nothing to actually develop and don’t involve any shipping or storage costs, which works to expand your overall profit margin. Well performing apps can make thousands in ad revenue each month for their creators, making them another great passive income strategy.
The sad truth is that for all the SEO consultants out there who know exactly what they're talking about, there are hundreds of others who are clueless, money-grabbing sharks. Their sole focus is on getting customers signed up to a 6-month retainer based on promised results. They then kick their heels for the first few months, pocketing cash for doing nothing.
How to Get It:If you shot the video with your phone, open the YouTube app and hit "send." If you're uploading from a computer, visit YouTube, and click the "upload" button in the upper right corner of the screen. You'll see a place to drag your video file. To enroll in the partner program, click on YouTube settings, check the circle next to "Allow Advertisements," then click on "View Additional Features." On the YouTube monetization page, opt in. Generally, you must earn a minimum before you get paid, and YouTube pays monthly—if you don't earn enough in one month, the balance rolls over.
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.
It wasn’t until 2010, two full years after my initial small investments, when I spent a bit more money for one of the best investments you can make in your business: building an email list. The Email Service Provider (ESP) I used at the time was Aweber, which cost me $194 per year to start (that’s only about $16 per month). Once my email list grew though, the costs increased based on the number of subscribers I had: 26,000 subscribers cost me $181 per month. Aside from the costs, which actually are pretty standard, Aweber didn’t have some of the features I wanted, so I moved on.
One of the online world’s hottest professions at the moment, this business is a gold mine for the tech-savvy entrepreneurs. While everyone’s slightly obsessed with getting their sites SEO optimized, not many people can actually wrap their heads around this topic. If you decide to go into this field, you can think about offering link building, content creation, on-page SEO optimization and similar one-off packages.
This concept is similar to the ‘Daily deals’ sites. The difference is that daily-deal sites offer discounts on individual purchases, whereas with group-buying there is a need for several buyers to place an order to the deal. Once the deal goes live, the customers are sent discount vouchers via email. It’s also worth noting that group-buying is usually aimed at a local market. The best-known sites in this sector are Groupon and Wowcher UK.
Facebook continues to expand and grow. Therefore businesses are spending more on Facebook ads. But here’s the problem: a lot of old school businesses don’t know what they’re doing when it comes to Facebook ads. Even newer companies don’t have the time it takes to learn the ins and outs so that they get the most return on their Facebook ads investment.
To avoid any confusion, I want to make it clear first that virtual assistant work is not always non-phone, but it can be. Virtual assistants tend to do a little bit of everything, just depending on their skills/expertise. So if you are good at various non-phone tasks (social media marketing/moderation, writing, graphic design, research etc.), then you may be able to do work for some of the companies below putting those non-phone skills to work.