Okay, so passive income is where it’s at. Clearly, it will allow you to scale things out and make far more money. But it doesn’t happen quickly. However, most people don’t have the upfront investments to get things off the ground when it comes to areas such as real estate, dividends from stocks or ATM and vending machines. For that reason, they need to turn to digital avenues for income generation.
If you are not convinced yet then let me tell you that Freelancing is an emerging money-making trend. It could be a job if you take it as a part-time job, and once you’re up for a challenge, you might accept it as a full-time living. According to an estimate, there are 53 million Americans are freelancers and it will likely to grow as it is 34% of the overall workforce, which is expected to reach 50% by 2020.
If you have previous experience as a computer programmer, or have skills in this field, then there is plenty of work you can pick up as a freelancer. If lack of confidence is holding you back, then Free Code Camp is an excellent way to get your foot in the coding door. This organization provides free courses where you will build real-life apps and programs, giving you experience and plenty to add to your CV.
Neil Patel is the co-founder of Crazy Egg and Hello Bar. He helps companies like Amazon, NBC, GM, HP and Viacom grow their revenue. The Wall Street Journal calls him a top influencer on the web, Forbes says he is one of the top 10 online marketers, and Entrepreneur Magazine says he created one of the 100 most brilliant companies in the world. He was recognized as a top 100 entrepreneur under the age of 30 by President Obama and one of the top 100 entrepreneurs under the age of 35 by the United Nations. Neil has also been awarded Congressional Recognition from the United States House of Representatives.
First and foremost, when it comes to marketing anything online, it's important to understand how money is made and earned. In my phone call with Sharpe, he identified several items that were well worth mentioning. Once you understand where the money comes from and how the industry works, you can then better understand how best to position yourself and your offer so that you can reap the benefits of the making-money-while-you-sleep industry.
My next self-funded business hit $160,000 in revenue in its first year alone. After that first taste of self-made success, I’ve gone on to sign consulting contracts worth tens of thousands of dollars with startups like LinkedIn and Google, launch profitable online courses, and build a following of hundreds of thousands for this blog and my podcast series.
Creating a jobs board website can be another profitable venture. The ‘jobs’ field can be quite saturated, so it is important to find a niche that is still crying out for a jobs board website. Monetize this type of site by charging businesses to list their jobs on your site. Those searching for jobs could also be charged a fee to access the higher paying job adverts.
Jay Abraham As Founder and CEO of Abraham Group, Inc. (Los Angeles, California), Jay has spent his entire career solving problems and fixing businesses. He has significantly increased the bottom lines of over 10,000 clients in more than 400 industries, and over 7,200 sub industries, worldwide. Jay has dealt with virtually every type of business. He has studied, and solved, almost every type of business question, challenge and opportunity.Jay has an uncanny ability to increase business income, wealth and success. He uncovers hidden assets, overlooked opportunities and undervalued possibilities. This skill set has captured the attention and respect of CEOs, best-selling authors, entrepreneurs and marketing experts. Jay’s clients range from business royalty to small business owners. But they all have one thing in common – virtually all of them have profited greatly from Jay’s expertise. Many clients acknowledge that Jay’s efforts and ideas have lead to millions of dollars of profit increase.
Like talking to people and helping walk them through problems? You can bring in extra income as a contract customer support superstar for companies all over the world. Due to the 24/7 nature of online businesses, companies are looking for people in different time zones to help deal with issues that their users are having. Better yet, if you have experience in service or retail you’ll be perfectly suited. Check out indeed or the other remote job boards I listed earlier to find opportunities.
There are some guys who get off on being put in chastity (via a tricked-out plastic tube called “the CB-3000”) and combine that with financial domination. It needs to be wrapped up into a package that they relate to. This one guy, he had just turned 18, he had never paid anybody online before, and he wanted me to put him in chastity. He asked if I would hold the key -- actually both keys -- for his CB-3000. I charged an initial fee of $500 for that. I required him to post pictures of himself on a Tumblr account -- to prove that he didn’t get broken out of it. I sent him selfies that showed the key dangling around my neck. I think he paid me with his parents’ money and ate ramen noodles every day. But I don’t know for sure. It’s not my problem. I was supposed to hold the key for a month and ended up making a grand for doing that. After 45 days, I finally mailed one of the keys back. He was crying and whining for the key, but he was still sending me money. After getting the key, he emailed to say that he had the best release ever. Then I made him pay me a tax for coming. He sent another $100.
If you have a great voice, you can make decent money by doing Voice Over at Fiverr.com. You can record Voice Overs in English with American, British, Australian, Canadian or New Zealand accent. Or record it in German, Russian, Spanish, Arabic, French, Italian and in many, many languages. Sign up with Fiverr.com. Once you get the order, you can turn around and quickly record at the nearest studio or simply record it on your own computer if it’s clear.
Jeff Walker is an American internet marketer and creator of the Product Launch Formula series of information products. His “formula” has garnered him much praise and many fans in the internet marketing community. He claims that his biggest launch to date made US$3.73 million and since its inception, clients and students have made over US$200 million with their own product launches. He credits this success to the wide applicability of doing product launches in many different markets and niches, such as board games, edible and medicinal plants, wooden doll carving and massage therapy.
In the beginning, it was rough for Sharpe. No one out there should think that it's going to be easy whatsoever. His journey took years and years to go from an absolute beginner, to a fluid and seasoned professional, able to clearly visualize and achieve his dreams, conveying his vast knowledge expertly to those hungry-minded individuals out there looking to learn how to generate a respectable income online.
With apps being constantly developed, competent app developers are in high demand. Again, if you have the experience or skills to create successful apps then this could be something you could end up working on as a full-time freelancer. Check out adverts for developers on Toptal, a higher paying jobs site for experienced freelancers wanting to make money online.
Signing up with Google AdSense will enable you to make money from advertising on your blog. Google AdSense will place relevant ads around your site, and if your site visitors click on these ads, you will earn a fee. Although each click only amounts to small change, if your blog has high levels of traffic, this will quickly amount to a reasonable sum.
These are the people who have an actual product or service and are looking for an online sales force (the affiliates/publishers). They are higher in the hierarchy than a normal affiliate or a network, because they are receiving free marketing and sales promotion without paying anyone a salary. Affiliates are generally only 1 avenue of their marketing efforts, and likely spend great deals of money on other forms of online advertising.
I get spoiled by my fin-dom submissives and can be so lazy sometimes. But why not? These guys make it easy to not work very hard. One of them randomly sends me $500 or $600 and I never actually hear from him. That’s his thing. He doesn’t even need direct contact from me. I blog or tweet about receiving his money, and the recognition excites him. I post, “Next time, pig, send me more.” That turns him on. In fact, the more I brag and the more I show off money, the more excited people get. It just keeps working in my favor.
I'm glad you asked. Although it takes a lot of work to get stuff going online, if you do things in the right way, you can set yourself up for success in a way that you can eventually reduce the amount of time you spend working, and leverage what you already did to make A LOT of money while doing minimal work on your own. The more known I become in the Internet marketing niche, the more successful people I get to meet. I know people now who can work between 5 minutes and 2 hours daily and make anywhere between $10,000 and $70,000 in one month. However, it took some work and careful planning to reach to where they are now.
On a related note, during my research I came across this great post over at Budget Blonde called The Truth About Side Hustling, which I thought was fantastic. I especially loved point #4 – you’re the only one who can force yourself to get started. For a long time, I thought there just weren’t any side hustles I could succeed at, and this past month I’ve realized that is definitely not true. Even more, researching this list led me to a new one scheme that I’m cooking up right now – so hopefully I’ll have some updates on that in a few weeks too.