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.
23. Affiliates – There are many affiliate networks, such as FlexOffers and CJ Affiliate that allow you to promote other people’s products and services. You simply put a link or a banner on your page and then you get a percentage if someone clicks through and buys the product/service. You’ll want to select products that are specifically within your blog’s category.This is an effective way to earn money once you have the traffic coming to your blog.
The German Economist Schumpeter once said that there are “no original ideas”, only new combinations of old ones. Curation of curiosity-fueling content is an intriguing and little-known business model. One of the best success stories out there is Brainpickings – a platform that describes itself as “an inventory of cross-disciplinary interestingness, spanning art, science, design, history, philosophy, and more”. The subscription-based model and successful utilisation of affiliate links have turned the blog into a self-sustaining business.
How to Get It: You can apply directly through the companies, such as Stella & Dot, a jewelry company that had over $100 million in sales in 2010. A few other good ones include Avon (household and personal care), The Cocoa Exchange (chocolates and more), and Alice's Table (flowers). You can also visit the Direct Selling Association website—all the companies listed there agree to abide by a code of ethics, so they only offer legitimate opportunities. Typically reps make a small investment to get started (this is a legitimate and standard practice), and sometimes pay a fee for the merchandise being sold. After that you can work as much or as little as you want, and see profit based on how much you sell.
Nathan Barry on bootstrapping ConvertKit: I’m a huge proponent of ConvertKit (and now an affiliate and compensated advisor). It’s user friendly, powerful, and an all-around great product. But one cherry on top is its origin story, in which Nathan Barry took it upon himself to create ConvertKit without any venture funding or any upfront capital. It’s fascinating and awesome!
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!
Donating plasma can actually work out better than selling your blood. It takes longer to donate plasma because they will put your red blood cells back in your system. The upside is that you can donate plasma as much as twice a week and you can make anywhere from $40-$60 per donation. You can make that $100 in less than a week if you can stomach the needle.
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.
You’re already broke, and your car just conked out. Or maybe you’re cash-strapped until next week’s payday, but you’re short on rent, can’t make the minimum payment due on your credit card bill, or simply forgot you need to chip in for a birthday gift. When you’ve run out of money, there’s an endless number of reasons why you might need cash – quick.
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If you have an idea worth pursuing, crowdfunding can be a helpful way to find the money you need to get your idea off and running. For example, you can run a Kickstarter campaign. On SPI 223, I covered this with John Lee Dumas who launched a super successful campaign. Besides John, I know a lot of companies who have started on Kickstarter. I’ve been a backer of dozens of different projects, and a lot of those projects were just ideas when the campaign started. There are ways to get paid for your ideas up front. Using Kickstarter, you can validate those ideas and start to build community at the same time, which is a great way to get a boost at the beginning stages of your online business, especially if what you’re creating takes some money to get started.
Transcription work from home jobs involve listening to audio files and typing out what you hear. While some types of transcription (such as medical) require training, it is possible to break into general transcription with little to no past experience. Before you start digging through the companies below, you may want to read this post about what general transcription involves and this post about the equipment transcribers use.