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.
Starting a new business online requires much less risk than investing your dollars into a brick-and-mortar storefront or downtown office. Because your business is based online, you can reach more potential customers, work from virtually anywhere and make money online without large overheads. With some basic website and communication skills along with a little maintenance know-how, almost anyone can launch a business online and get it up and running in only days. Think you’re ready to become the next big entrepreneur online?
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.
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If your business idea requires a shopping cart service, I’d recommend SamCart as a great, inexpensive option. It’s also super user-friendly. If you just want to offer an ebook, they give you the ability to do that. They handle all the credit card processing, payments, and delivery. It’s pretty sweet. [Full Disclosure: As an affiliate, I receive compensation if you purchase through this link.]
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How to Get It: Sylvan Learning (Tutoring.SylvanLearning.com), Tutor.com, TutorVista.com and Tutorzilla (Tutorzilla.com) all offer a good cross section of the kinds of remote-based tutoring jobs out there, and they all have great reputations with students and teachers. Since you will be working with children, you can expect a background check before you are hired.
We need to get this out of the way first, and besides, maybe you haven’t thought of this because you’re in complete panic mode. Check the sofa cushions, your pants pockets, old coats in the closet, and your car, where spare change may have fallen between the seats. If you haven’t ransacked your home lately and cleaned yourself out, there’s got to be some money lying around.
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.
On this type of platform, consumers are not exposed to individual products but rather to offers each of which consists of multiple items sold by different independent sellers. The offers could be compared to a shop window where items are arranged in a creative, visually attractive way to maximise their appeal to customers. It’s no surprise that this innovative way of selling is popular with sellers of fashion and beauty products. Social shopping marketplaces provide tools to connect buyers with sellers, encourage feedback and at the same time function as an e-commerce facilitator for sellers and a shopping search engine for buyers. Popular sites in this category include Storenvy, Polyvore or Shopcade.
Use a credit card’s cash advance feature. Some credit cards will allow you to withdraw a certain amount of cash by using it at an ATM. This can help you come up with cash in a hurry. However, the interest rates on cash advances are usually much higher than the credit card’s usual interest rate, meaning that you will eventually have to pay more.
What will also help your earning potential is to specialize in one style of writing, and maybe even one particular subject. You see, writing on the same subject for hundreds of hours each year makes you an expert on it. To paraphrase Cal Newport, “…you'll build up a lot of career capital through deliberate practice.” It’s how you become so good that clients can’t ignore you.
For example, Amazon affiliates can potentially rake in obscene amounts of commission dollars if they work at it. Simply sign up as an affiliate to sell a company’s products using your special referral link, and you can get a commission for each product sold without lifting a finger. Commission ranges from product to product and also goes up in stages according to how many products sales your clicks generate. The top commission tier is 8%. That adds up to some serious amounts of cash each month if you’re promoting products with that high rate of commission ( Home & Garden is one such product area with high commissions).
Derek Halpern has built a really strong personal brand. He’s the founder of a software and business training company called Social Triggers and makes a LOT of money teaching people how to sell what they know best. And what he knows best is how to sell. If you’ve got some serious expertise, start making money out of it by selling online courses or simply teaching online.
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Look, I know it’s not always realistic to pull these off; I personally wouldn’t bother trying. But if you’ve got a ton of stuff lying around — not outright junk, but stuff you don’t need, like the aforementioned DVDs and kid’s clothes — it’s worth a try. Advertise on Craigslist and put up signs in your neighborhood, then come Saturday haul a table out to your driveway (assuming you have a driveway), load it up with stuff for sale, and take whatever you can get.
Modern technology has enabled entrepreneurs to do their work from almost anywhere. In fact, many companies operate in a wholly digital environment, lowering overhead costs and offering freedom to entrepreneurs who want to conduct business on the move. Creating an online business is simply a matter of focusing on your strengths and expanding your network. Here are 12 great online business ideas to get you started.
Consider day labor. You can post an ad online or on a bulletin board offering to do odd jobs. In addition, there are employment agencies that specialize in temporary work. An alternative way to find day labor is to go where other day laborers meet, if you know of any, and wait for employers (building contractors, landscapers, home owners and small business owners). Common odd jobs people need day laborers for include:
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.
Some of the companies on this list are those you’ll recognize. Dell, still one of the largest PC vendors in the world, regularly hires project managers, business analysts and systems engineers for remote work. Salesforce, which came in at #3 on Forbes’ list of the world’s most innovative companies this year, hires telecommuting account executives, product designers and even upper management positions like regional vice presidents. Xerox, Adobe, SAP and American Express also make the list with their own distinct sets of work from home and remote work agreements.