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Dropshipping is a B2C business model where a third-party company handles the inventory management and shipping process for you. It presents a way to make money without the hassle of dealing with inventory and shipping. .
The best example of affiliate marketing is Wirecutter, owned by The New York Times. The content is extremely well done and reader-centric, with meticulous testing and fully transparent reviews of the pros and cons of various products. Wirecutter, in other words, passes the first litmus test of a successful affiliate site: whether or not the content truly helps a visitor make a purchase decision, even if the affiliate links weren’t included.
If you have gift cards lying around that you don’t want, you can sell them on Raise. When you enter your gift card, Raise will give you a suggested selling rate. You can change this to set the price at whatever you believe is fair. It’s free to list your gift card on Raise, but once it sells, the site will keep 15% of the selling price and you’ll receive the remaining 85%. For example, if you list a gift card with a $50 balance for sale at $45, Raise will keep $6.75 and you’ll receive $38.25.
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If you enjoy taking pictures or have images on your camera roll that you’re not using, you can make money by selling them online. You only need a smartphone camera to get started. Some apps will pay you for your selfies while other sites, like Shutterstock and Adobe Stock, pay for stock photography they can sell to business owners. Learn more about how to get paid for your pictures.
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The other lesson freelancers pick up, sometimes through scar tissue, is the need to niche down when they’re getting started. Why would a company specifically hire you over the thousands of people offering very similar services? You aren’t making a manager's job any easier by offering catch-all services, either. So be wary of the false appeal of solving for every customer. That’d be like a mechanic trying to expand her customer base by calling her shop “General Fix-It Emporium.”
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When people think of investing, they imagine the usual: stocks, bonds, real estate, etc. But you can also invest in physical items, such as fine art. Up until now, it wasn’t possible for most ordinary people to buy famous and original works of art from artists like Picasso, Monet, or Rembrandt.
For example, a web designer will need to study user experience and user interface and the basics of HTML and CSS. Meanwhile, a logo designer should master the sense of color, typography, and design tools like Adobe Illustrator and CorelDRAW.
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A friend of mine recently fulfilled a decades-long dream of owning chickens. According to his calculations, his 20 chickens should provide 15 or so eggs per day. When I asked what he planned to do with all the extras, he said, “Hadn’t thought of that. I guess I’ll sell them.” His new hobby became an unexpected side hustle. If you love to garden or grow your own produce, consider selling the excess to friends and family or on sites like Facebook Marketplace.
An increasingly popular home business idea is offering freelance services to clients online. Freelance writing, graphic design, data entry, digital marketing—almost every role an online business would hire for is viable as a freelance service. I myself have worked with writers, illustrators, and designers for years at Shopify, most of whom make their full-time living freelancing, not just doing it in their spare time.
Streamers with over a million followers can get millions of dollars per year. For example, a Canadian streamer Shroud earned between $150,000-$200,000/month with 9.2 million followers on Twitch. This number excludes brand deals and sponsorships that a streamer might make outside the platform.
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