17 Ways You Can Make Money Online Right Now
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With Kindle Direct Publishing (KDP), you can get up to 70% of every e-book price. Vikrant Shaurya managed to earn $5k in a month from self-publishing. On the other hand, collaboration with a publisher will bring you only 10-50% of the royalties.
You will need to show proof of your ability to translate. If you have a language degree or experience translating text, make sure to show samples of your portfolio. Most companies will require a translation test. Keep in mind that you need to be fluent in the languages you’re applying to be a translator for. So you can’t use translation tools.
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History and math aren’t the only courses people pay for. Make no mistake about it: You can indeed create and charge for courses on arts and crafts, playing the clarinet, woodworking, improving your golf swing, and just about anything else.
Have you heard of drop-shipping? It’s a method of retail where the seller doesn’t actually have a physical inventory. Instead, when a customer makes an order, you purchase the item from a third party, and they ship it directly to the customer. “This means you’ll never have to fork over a single dime to store your products or maintain your inventory,” advises International Living. “And you’ll never have to buy products in bulk, hoping to sell enough to recoup your investment.” This method can be done with online selling platforms like eBay or Amazon. You can find out more about drop-shipping in this helpful article from Shopify.
If you know your way around programs like Photoshop or Adobe Illustrator, there’s a good chance you have the skills necessary to create or edit images for websites, advertising campaigns, or social media posts. Many businesses need these services but don’t have the budget to hire a dedicated graphic designer.
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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.
If you have a specific skill or have found success in a specific area, there’s a chance you can monetize it by creating an online course. To make a significant amount of money, it’s a lot easier if you have an established audience that you’ve built trust with. One way to grow your fanbase is to offer e-books or mini-courses free of charge to add value.
Do they allow you to invest in company stocks? If so, sign up for it. At least with a company stock program, you have some influence in the company’s success as an employee. If your company has an RRSP matching program, you can also sign up for that if your goal is to save up for retirement or a down payment on your first home.
When it comes to creating media for the public, Harry explains how “doing something complicated doesn’t guarantee success. It’s more about having a solid idea and then being able to communicate it easily.”
While many influencers originate from Instagram, you can take advantage of other platforms like YouTube and Twitter to build a following and create different types of content. Smosh and Babish Culinary Universe are two examples of popular influencers that made their careers on YouTube.
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It’s important to understand these methods to make the right choices when creating and selling custom products. Each has its own advantages and drawbacks, which you can read about in Make, Manufacture, Wholesale or Dropship: The Pros and Cons of Each Model.
A better approach is to focus on a recognizable pain point layered on top of an industry or niche. Even then, pitches like “Marketing Content for Tech Companies” are a little crowded—you might see even better results if you sell a more precise outcome or to a subset of a certain industry, like improving the sales pipeline for enterprise software companies.