Find a profitable niche: We’ve talked about this a lot. But, where are you most comfortable. What niche do your skills, values, and interests intersect? Do you have 10 years of experience as a technical writer? Do you have long-standing PR relationships that’ll be invaluable in helping startups launch a successful crowdfunding campaign? Determine what makes your value unique, and lean heavily on showcasing that strength to your potential clients.
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I paid the man, and drove off. I took it home, gave it a good scrub down, installed new carpet remnants that I acquired on craigslist's 'free' section. Then I painted the interior with some liquid truck bed liner paint that I purchased at the auto parts shop for $17. I took pictures with my phone, then wrote an ad with a headline that made every potential buyer click on it in curiosity, and of course, re-listed it on craigslist.
Sell hair, plasma, or other body parts/fluids. Long, healthy, untreated hair can be sold for a variety of purposes (including high-end wig- and extension-making) and earn you anywhere from several hundred to several thousand dollars depending on color, health, and length. Plasma can be “donated” (for compensation) provided that you are old, healthy, and heavy enough to qualify. Sperm can be donated, but you usually have to know (and be able to document) a fair amount of information about your parents as well as your medical history to be eligible. But be wary; for example, donating eggs is often touted as a fast, high-profit medical procedure, but the process is actually requires that the participant undergo hormonal and medical treatment, receive regular checkups and ultrasounds, and abstain from sex and intoxicants, all of which take weeks or even months before the eggs are even eligible for removal. The removal process itself is invasive and lasts about 30 minutes. Consider your options very carefully before taking on anything like this.
A typical book author barely makes more than minimum wage. You receive an advance and 10% royalties on net profit from each book. If your book retails at $25 per copy, you would need to sell at least 4,000 copies to break even on a $5,000 advance. Mack Collier, author of Think Like a Rock Star, estimates that he earned $15.63/hour for writing his book, working 25 hours per week over a period of 9 months.
I suspect there’s a lot of selection bias in those numbers, ie who are you/Bloomberg asking (or who is willing to divulge what they make)? For example, Google/Facebook. Yes, some engineers at those companies are most certainly making 6-figure salaries, but the majority of those companies are not engineers and are definitely not making anywhere near that. As far as the millions in stock, that’s a total pipe dream. Sure, a few of the lucky (and super talented) engineers that got in on the ground floor may have a hefty amount of options, but the vast majority likely have much more modest amounts. Don’t get me wrong, they are both great companies to work for (I have had the opportunity to work for both at one time or another), but they’re not the millionaire-makers everyone paints them to be. :)
Raise start-up money. Create a detailed proposal for potential investors. This should include basic information on your product or service. It should also include ideas for expansion and development. Talk to as many people as you can about your business both in-person and using online networking tools. Attend trade shows and fairs, don't skip such though.
I think that people are getting more cautious about talking about their income and what their assets are. The mood of the country is just a lot different than it was back the late 1990’s during the tech boom. There are people making good money who have great savings that don’t want to share this information. A large part of that, I think, is the reality that there are many people – MANY people – who have really suffered with recent economic issues in this country. There are many areas of the country that have seen many residents just crushed by things.
Webinars are quite possibly one of the most potent ways you can make an exorbitant amount of money online. Russell Brunson often says that if you do a webinar every single week for a year, you'll be a millionaire at the end of it. You'll need an audience to train and you'll need to know what you're talking about. Of course, this usually requires having a website and some semblance of an online presence.
Research individual companies in your desired niche: If possible, it’s always better to become an affiliate directly with a company (if they have an internal affiliate program), as no one else will be dipping into your commission rate. This is the preferred route for most of the prominent affiliate marketers, including Pat Flynn. Unfortunately, it’s also the most work, as you’ll have to do the research yourself to see who offers programs (they’re usually listed in the website footer).
Multi-vendor marketplaces, like ThemeForest, can be very successful. Chose a niche and create a vendor website for it. Your marketplace could be anything, from a platform for local artists to sell their work on, to an online digital product store. Once set up, invite people in that industry to sell their products on your site. You take a percentage of their profits when items sell.
You think you’re the only one with a handicap? You think working at Sam’s club 40 hours a week is some sort of hardship?? you should be grateful that you’re one of the lucky few. Yes, lucky. There is millions of us that work hard, have smart business ideas ( and weren’t born with a silver spoon in our mouth – you can take a wild guess to who I’m referring to.) I don’t think it’s wise to put down fellow Americans that go through hardships. I don’t believe you’ll be successful in business too much longer with that attitude. there are certain people, dare I say like you that think that you work hard, got lucky and made a lot of money and think that if someone isn’t doing exactly what you did, they must be lazy and not want to work. I can ponder a guess to who you voted for in the last election but I don’t want to add insult to injury. I hope you change your ways and can start to have some sort of empathy and understanding.
While some might think that starting a blog is an arduous effort, when you understand the precise steps you need to take, it becomes far easier. It all starts in the decision of choosing a profitable niche and picking the right domain name. From there, you need to build your offers. You can easily sell things like mini-email courses, full-blown trainings, ebooks, and so on.
If you're not self-employed and work for a company, find out if they have a retirement plan. If you're lucky, employers will sometimes match contributions you make into a retirement fund. Retirement plans also often have the benefit of being tax-deferred. The longer you get to keep your money (and make interest on it) the better. It's never too early to start planning for retirement.
I surprisingly get a lot of people asking to detail their car. I never intend to make a business of it, but I love doing it to my cars and people ask me to do it to theirs. All it takes is a cheap orbital buffer (mines a used craftsman) and a shop vac. I normally get easily $100 for a basic wash/wax/vac, or $200 to remove scratches and polish then wax the car.
It’s one of the oldest and most proven ways to make money – buy low, sell high. The buy low part comes from searching garage sales, estate sales, and even thrift stores to find items that are in good condition (“gently used”) but selling well below what they would if they were brand-new. In this way, you might be able to acquire an item for $5, and later sell it for $50.
Consider selling in lots. A lot is a collection of similar items that is sold in a group. For example, if you have a collection of books, magazines or similar pieces of jewelry, consider selling them all at once in a lot. You many not make as much money as you would have if you sold each item separately. However, the items will likely sell more quickly in a lot than they would individually.
Holly told me she started writing content in 2011. At the time, she still worked a full-time job but created content online part-time to supplement her income. Over time, she was able to double and triple her rates until she could quit her full-time job to write. These days, she makes bank as a freelance writer and teaches others to do the same via her online course, Earn More Writing.