Product Development can be too cost prohibitive for many budding Digital Entrepreneurs who intend to Start Home Business. Likewise, acquiring an inventory of products also carries a risk of losing money should the product not sell. While you might be able to return them to your supplier, it will likely be at a loss. Another problem with carrying your own inventory is the need to ship them to your customers. This is labor and time intensive, which may require putting an employee on your payroll. The dynamics of Affiliate Marketing eliminate the Product Development and inventory concerns.
If you've developed valuable skill sets or picked up certifications within your industry over the years, offering your consulting services to local business owners can be a lucrative way to make money online. Whether you're an expert marketer, business strategist, or manufacturing aficionado, there's likely a local business owner who's willing to pay you to help them solve an issue with their company. Start with this 18-step checklist to becoming a local business consultant from Karyn Greenstreet and then use my guide to crafting an effective cold email to convince them to hire you.
One of the easiest and fastest ways to start making money online is by writing articles through freelance writing sites. The concept is simple: Websites and brands need new site content all the time and they are willing to pay outside writers to get the work done. To make this process easier, sites like textbroker allow anyone to join their site and sign up as a writer or a client. Writers can log in, write articles and get paid for their time, while clients can continually add new projects. Hundreds of dollars are earned daily from writers on this site alone!
Everyone wants to be a YouTube celebrity and video star, but did you know thousands of YouTube users are getting paid for the viewers that see their videos online? Yes, it's true and some are even millionaires from it! YouTube is powered by Google, which serves billions of ad impressions on the video site every day. To reward users for creating amazing video content and growing their audience, the YouTube Partners Program was created. Best of all, you don't need millions of viewers to get started, you just simply need to product quality content that YouTube users find value in and benefit from.
Now, I know what you’re thinking. Most of the software and apps you use on a regular basis are made by massive companies or established development studios. Well, yes. But many successful apps, particularly those in the Apple and Google stores, are created and marketed by individuals and small businesses. In fact, independent developers made $20 billion in the App Store in 2016 alone.
Once you’ve had children, many parents find themselves caught in the trap of needing to work but wanting to stay home with their kids. Creating your own parenting blog can not only be a way to make some money, it can also help you connect with other parents and make sense of those crazy sleepless early parenting years (it does get easier don’t worry!)
One of the cool things about Google AdSense is that it's so easy to get set up. If you have a blog or website, you can sign up for a free Google AdSense Account. From there, Google will give you a unique code that you will paste onto your website. Google takes it from there, tracking your page views, traffic, and earnings on your behalf. There is no upkeep or maintenance to get this thing going, which makes it a no-brainer if you have a website already.