You can earn above average rates of return because peer-to-peer lending eliminates the bank function. That means that you participate in nearly the entire interest rate being paid by the borrower, rather than the less than 1% that you will typically earn on certificates of deposit. And you can reduce your risk by investing in slices of hundreds of different loans.
Is there a product or service that you are particularly enthusiastic about? If you are, you may be able to develop a website that is built around selling it. You don’t have to be the actual provider of the product or service either. There are many businesses that offer these products and will allow you to sell them on an affiliate basis. For example, you may be able to sell a product on your website for a commission of 20% or 30% of the sale price.
Bulk Selling: For all practical purposes, you can sell as many items as you like on Decluttr. If you reach the 500-item-per-order limit, just start a new order. This is a big advantage for folks staring down huge boxes of old DVDs, CDs, and textbooks. And it’s a distinct competitive edge on retail trade-in platforms, which may require users to enter their items one at a time.
Whether you have a website or are still dreaming up ideas for a blog, you can also look into affiliate marketing. With affiliate marketing, you partner with brands and businesses within the content of your website. If you mention a product or service, you link to that produce or service using a unique affiliate code you received when you signed up for that particular affiliate program. From there, you’ll make money any time someone buys a product or service through your link.
I, like many other people, have had niche sites hit by Google before because of aggressive link building. By minimizing offsite SEO, you are lowering the risk your site will get hit while increasing ROI with easy keywords that your competition is not targeting; a win-win situation. A caveat to what I mentioned above is to do the process manually. Sure, there are tools to help aid in your keyword research phase, but nothing will ever beat human intuition. This is why I spend so much time digging up keywords, because other people are not. If you devote the time, results will come.
Find a niche in which you’d be willing to put in the work to speak at a conference. If you’re just trying to jump into a niche to make money and leave, your site will suffer and will likely under perform its potential. If you find a niche that you’d be willing to put in the work to become well known enough to speak at a conference on, you’ll not only build a “niche site”, but you’ll build an authority site – which has much longer longevity.
Writing copy for websites is another great freelancing option for those who have a way with words. Copywriting can involve writing the text for websites, press releases, promotional offline materials including leaflets and brochures, and any other professional text for businesses. Writing copy can be better paid than blog writing. However, clients can be more fussy, as they want the highest quality writing for the forefront of their website or advertising campaigns. Many freelance writers offer both copywriting and blog writing amongst their services. This can be a good way to juggle regular but lower paid clients (blogging) with the higher paid but ad-hoc project based copy work.
These endeavors aren’t without traps and challenges, though, so before we take a look at some legitimate ways to make money from your home, let’s review a few things that you should avoid. Unfortunately, if you want to earn an honest living from home, you’re also a common target of scammers, especially in these economically tough times. But if you keep these simple rules in mind, you won’t become a victim of one of the many work from home scams.
Thank you for the clear, concise road-map for building a successful monetized site without relying on spam. Since my retirement from teaching in 2012, I have been freelancing as a writer/photographer and have had some success, but my ambition is to have my own website up and running so that I can write for myself and still earn money. I have not dedicated enough time to writing quality content or marketing my website, but this article has inspired me to dig in and get it moving in the right direction. Again, thanks for an article that was worth reading and may you continue to have great success with your endeavors.