Still, much of the world is engaged in active-income work. They work so that they can earn. When they don’t work, they don’t earn. Yet, there’s almost zero chance that you’ll get rich or make any significant amount of money when you’re solely reliant on active income. Now, don’t get me wrong. It’s possible. People do it by slowly saving and investing over the course of 30 or 40 years, but we’re not talking about that here.
Rich Schefren is an internet marketer, business strategist and coach from the US. He is the Founder and CEO of Strategic Profits, which provides online training for entrepreneurs and small businesses. Schefren is known in the internet marketing community as the “guru’s guru”, and has both coached and joint ventured with many other successful entrepreneurs. His strategy was to turn the store into a fashionable clothing boutique. Using his knowledge and passion for techno music he rebranded the store and recruited people who shared his vision for what the relaunched store offered; techno clothing and related merchandise at discount prices.
No matter what size your business is, online marketing is kind of a big deal. In fact, the Content Marketing Institute has reported 93% of B2B marketers are currently using content marketing. While that’s welcome news for online marketers, it’s still a relatively new field that isn’t fully understood by all marketers. In fact, in 2013, only half of marketers were confident in their digital ability. And in 2014, only 35% of marketers were using and tracking their content marketing efforts.
The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferris – This book literally changed my life. For better or worse I can never go back to how I used to live. I'd be wealthier if I never read this book but I certainly wouldn't be happier. This book goes into quite a bit of detail about how to run a successful online business. Don't let the title fool you, to become successful you will work a whole lot more than 4 hours per week.
Another strategy to make money online is to become a social marketing manager. Being present on social media is key for any business that wants to attract new customers, promote their products and grow their following. However, constantly posting, liking and commenting on the numerous social media channels is extremely time consuming. More and more businesses are recruiting social media managers to run and organize all their social media. And to save money, social media employees are often employed as online freelancers.
Do you constantly come up with witty one-liners? Do you dream of the days of Mad Men-style advertising? If you’ve got some branding chops or just come up with imaginative copy, there are lots of opportunities to make money online through company naming and slogan contests. If you think you have a knack for names check out namingforce.com and squadhelp.com. If you dream of coming up with witty copy, try coming up with company slogans on Slogan Slingers and Get a Slogan.
Once you have your market, decide on your sub-market. For example, if you're in the wealth market, your sub-market could be passive income. It could be flipping real estate contracts. And so on. Your sub-market is going to define your voice. What will you speak about? What will you preach? If it's health, your sub-market might be personal development or weight loss or something else.
Once you are all set up, Live Ops has an excellent online training program that teaches you how to handle calls from customers. You will be taking calls for many different companies. When you start working, your phone will ring and a script will pop up on your screen. You simply read the script word for word and input customer information as you go along. If customers have questions, there is a section on your screen with FAQ’s and you are also logged into a virtual chat room should you need to ask for support from a supervisor.
To do that, you have to harbor a few fundamental guiding principles in your mind. Today, if you're at all serious about generating a full-time income (and more) from your online activities, then you need to focus on passive income as opposed to active income. Sure, the active income will help you survive. That's the scarcity mentality at play. But it's the passive income ideas that will help you thrive.
Okay. I know. This isn’t an easy one to implement. Creating a successful smartphone app today, in a field littered with apps, is monumentally difficult. But it’s not just the app creation that’s hard itself, it’s the marketing of that app. With so many apps vying for peoples attention, and so much money to be made by the sheer volume of the industry, it’s no wonder why competition is tremendous.
Do you have a voice that Simon Cowell would pay a compliment to? Are you a talented graphic designer that can take any concept and bring it to life? Are you an artist who can give Michelangelo a run for his money? If so, sites like Task Rabbit and Thumbtack are great platforms to sell your skills. These aren’t only limited to those with creative skills; you can sell editing services, research services, typesetting, and the list goes on.
Do you have a DSL-R and like to capture photos? or if you are good with photo taking, a simple mobile camera can also do the job. Sometimes the most usual or unusual photos taken , road signs, mountains, walls or any interesting thing you like. If you have a large collection of high quality photo’s lying around, why don’t you sell them and make money online?
I know you just have jumped in the online industry and starting out your own career can take time and you also understand that you need little experience before starting doing things on your own. So why don’t you become a virtual assistant for someone? You can earn money as well experience by doing it, so it can be a WIN-WIN too. VA’s can make up to $50 per hour for tasks depending upon there knowledge, education and skills.
Was it just that I was unlucky? No, it wasn't. It was that I was looking for a Get Rich Quick scheme at the time. I had been convinced that there was a trick to making money on the internet, and that some of these people knew the trick. If only I could get into what they are doing, I would never have to worry about finances again. I mean, just think about it – If he made $25,000 out of $1,800, can you imagine how much money I could make out of $4,800? I can, and the answer was $136.
Next, you need to set up and build your YouTube channel. Your YouTube channel is your homebase for all your content. If you already have a Google account for Gmail or Google Drive, then you can use that to log-in to YouTube and start setting up your channel. Pick a username that works for you and is memorable (if you’re using an existing Google account you’ll have to edit your username in Google+).
So many people dream of writing a book, but never go through with it. Yet no matter what, I’m sure you have experience and value you could give through writing a book. By packaging your skills and knowledge into a downloadable eBook that helps people learn a skill, advance their careers, or start a businesses, you can change someone’s life and even make good money online.
“Great list! I especially like the tutoring stuff. I’m good at Math that’s why I tutored once for my godparent’s 8th grader. I had fun with the her and her mum cooks the most delicious brownies. I don’t think I can donate a plasma or be a human guinea pig. But maybe you should add herb and vegetable planting. This job doesn’t require too many technicalities and is so far the easiest thing to do. There’s a method called square foot gardening for those who don’t have big spaces. It’s so simple to do and gardening in small boxes requires small maintenance. There is plenty of information on the web about how to do so. Once you get growing you can even sell your fresh produce to your neighbours at a cheaper price, and earn some fast money in the process . P.S. I also would want to partake in an online survey. Some people recommended Cash Crate but I’m also curious about what happened to you?
I actually just wrote my own blog post about this very idea. People think SEO is free, and while it’s true that you don’t have to invest in any software if you don’t want to (there are plenty of free tools available), you have to remember how many hours it takes to create a successful SEO campaign. Just optimizing your site can take several weeks. Link building could easily be 15-20 hours a month, a few hours a week is devoted to just straight writing (never mind promoting your content). You have to manage all your social profiles, build relationships with other bloggers and so forth. There are a lot of tasks that take up a lot of time each day and time = money!
While most of us are aware that social media is a great resource for online marketers, Sarah makes the argument for marketers to use Twitter. On a post from her blog, Sarah notes that Twitter is easier to learn than Facebook and LinkedIn and it can grow followers faster than other social networks. She also shared a study from Forbes that found that “Twitter is the strongest social media channel for generating business-to-business (B2B) leads, outperforming Facebook and LinkedIn 9-to-1 with 82 percent of social media leads coming from Twitter.”
I might not be telling you what you want to hear, but it is the truth. I've had MANY people contact me asking me what they can do to make a bunch of money now. I do have a simple answer to that. You can make a bunch of money now by winning the lottery. Otherwise, you will have to do what all other Money-making gurus have done – Use proven strategies and WORK to build a system that will pay off in the long run.
Ready to enter the ecommerce fray? Why not sell your own stuff. Of course, along with selling your own stuff on your own website comes a whole slew of both responsibilities and technical configuration and requirements. For starters, you'll need a website and a hosting account. You'll also need a merchant account (sure you can use Stripe or PayPal). Then you'll need to design that site, build a sales funnel, create a lead magnet and do some email marketing.
Before we go any further, let’s talk about the difference between active income and passive income. This distinction will be paramount to your ability to produce serious capital on the web. So what is passive income? Passive income, if you don’t already know, is income that’s earned automatically. It doesn’t require much maintenance once that income stream has been created. However, it does require an enormous amount of effort at the outset to establish that stream of income.
So we have to ask, why are these women really using the site? The money's important — and they do make quite a bit. It's hard to pin down average figures because people work different hours on the site, but one user has said she made up to $55,000 in a year. NaughtyJo even tells me someone bought her a new phone after she broke her last one. And men are paying these sums for friendship at least as much as they are titillation: perhaps more so.
Running and charging for webinars can be a great way to build a following in your niche, demonstrate that you are an expert in your field, and make a profit. Hosting a webinar can be hard work. They need to first be promoted, provide original and valuable information, and include interactive elements so your audience can ask questions and engage with your topic. However, once you have built up a large blog following, each webinar can be extremely profitable.
In his bid to find a source of income, he looked through the finance section in the yellow pages and found a man called Mike. He met this man based on the fact that he had the biggest ad in that section and asked to work with him for free; in return, Mike would teach and mentor him on the secrets of business and finance. Surprisingly, Mike agreed and this was one of many steps he took to the good life he wanted.
Similar to a YouTube vlogger, if you have a large following on Instagram then you could become an Instagram Influencer. You will be paid to promote products in your photos, from wearing certain clothes to action shots of you using particular merchandise. As your Instagram following grows, you may start out simply receiving freebies in return for a picture of you with the item in shot. However, for those with followings running into millions, you can expect large payments to display products in your pictures. Use sites like Hype Factory to help connect you with companies prepared to pay for your influence.
Rent out your car when you’re not using it at GetAround.com. Here’s how the program works, simply list your car for free and manage rentals via the GetAround.com website. You set your own rates, hours, and who you want to rent to. Rental earnings are paid on the 15th of the following month, and GetAround.com takes a 40% commission on rentals to cover insurance and customer support.