This isn’t to scare you off. I simply want you to know that this guide is going to focus solely on ways to make real, sustainable extra income online. Not just a few bucks. I want to share all the mistakes I've made that got me to where I am now so that you don’t have to go through them, and can build a successful online source of income for yourself.
Have you ever noticed that we make most of our really stupid decisions at the end of the day? If you’ve ever done something you regretted after going to the bar, watched YouTube videos instead of reading or actually talking to people, or eaten a late night bowl of ice cream when you’re trying to lose weight... you know how much of a struggle it is to do the right thing after you’ve spent an entire day trying not to screw up.
Whether it’s an important consumer application, a specialist app to solve a particular niche problem, or even a time-wasting game you can play on your phone, you can create a massively successful business if you build software that helps people. (Look at the rise of Slack—the team communication software that went from side project to billion-dollar company in just 2 years.)
Amazon offers a service called Fulfillment by Amazon (FBA), which can be extremely useful for arbitrage sellers, or others selling their own products. If you opt for FBA, Amazon will store, pick, pack and deliver your products. That means you can scale your arbitrage business quickly as you don’t have to store products in your own home or waste time with postage.
When you visit a website and there’s a product being offered there, it’s more often than not an affiliate product being marketed to you. How affiliate marketing works is Big Brand A approaches a website or the blogger/website owner may go through sites like CJ.com to sell a specific product. That product is then offered on a website for sale with the compensation for doing so varying between brands.
You're already sharing your favorite products and services on social media, why not get paid for it?! Here’s how Share Magnet works. Companies create “magnets” for their goods and services on Share Magnet. Individuals create an account and browse the available magnets and share which ones that interest them. Each magnet has a certain monetary value assigned to it, ranging from .02 cents to $2.00 per share. Once you find something you like, you share it on one of the various social media channels, like Facebook, Twitter or LinkedIn. So what kind of businesses are advertising on Share Magnet? I found sites like Sitter City, Hudson Jeans, Zulily, and Working Mother Magazine. While you’re not going to get rich sharing magnets, it is a fun way to earn some extra pocket cash from home, and it’s free to join!
Another trending gig is connected with the development of social media. Companies will evaluate the size and quality of your social network and can offer you payment against promotion. In most cases what you need to do is just be a loyal follower, liking and commenting on updates and referring their business to your friends. Doesn’t sound hard does it?
If you have a knack for organization, you can make money online as a virtual assistant helping people to keep their days in order. A virtual assistant will do everyinthing from bookkeeping to research, database entry, booking travel, and managing email. It can also be an awesome way to rub shoulders with some very important people, build up your professional network, and of course grow another stream of income. You can find great gigs on UpWork, Fiverr, Indeed, and Remote.co.
Again, if your blog has a large reader base, then businesses may be interested in paying you to review their services or products. Not only will you get a free trial using whatever these businesses are selling, you will also get a fee for writing them a review and posting it to your site. Paid reviews (and other paid and sponsored content) can be big money, so advertise this service on your contact page to generate business.
Satrap is not a financial advisor & MoneyPantry.com is for entertainment & educational purposes only. Material shared on this blog does not constitute financial advice nor is it offered as such. As mentioned in our Disclosure page, MoneyPantry may have a financial relationship with some of the companies mentioned on this site, including Credit Card providers, and as such it may be compensated with a referral/commission fee. All trademarks, registered trademarks and service marks mentioned on this site are the property of their respective owners.
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.
See they tell you these things to hype you up Lure you in and get your money They like to show off things like private jets and fancy cars and Bentley’s and Lamborghinis none of which they actually own They just go to a car dealership or they rent a Lamborghini for the day and granted That would be expensive Yes, but not nearly as expensive as buying one You know they go stand in front of a big fancy house while they’re you know all the neighbors on Vacation or they find one, that’s for sale and they just manage to stand out in front of it and keep the for sale sign over the camera and They pass this off as their life because That they are trying to lure you in Most of these people have never sat in a Bentley let alone bought one That’s okay, right you know as That you have to be aware that you have to be aware that most of the people That are passing them off to this dude It’s themselves off as lures or Just full of shit, and the ones that aren’t 99 times out of a hundred are trying to deceive you in some way like I said before they don’t cover They don’t talk about the cost Per acquisition of the cost of each lead like what it costs to get a lead There are people are there that sometimes have to pay five and six dollars in advertising just to get one lead and You know just to get one email dress on you know one person to subscribe to their email list Might cost them five or six dollars or more I know of people that have paid up to 50 and 60 dollars for one lead I Wouldn’t do that I mean you don’t need to but There are people that will do it depending on what kind of offer they’re selling but You know if you have a conversion rate of thirty percent, and it cost you fifty dollars per lead And you’re selling a five thousand dollar product
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.
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.
Why am I telling you all of this? The answer is pretty simple. I want you to get the understanding that making money online (at least in the initial stages), takes A LOT of STUDY and WORK! That's the unknown secret of Internet Marketing Gurus. Anyone can make a few hundred dollars. To be quite honest, you can make a few hundred dollars in your FIRST MONTH as a Freebie Trader. To be even MORE honest, it's much harder to profit $2,000+ each and every month, which is the reason I built this blog, and so many other people have their blogs on Internet Marketing – To save you the struggles that we had in getting going.