Equally, you can charge businesses to ‘claim’ their listing, a method used by many large directory sites like Google Business and Yelp. This involves companies paying to upgrade their listing and adding information such as their web address, social media links, images, and more. Other revenue streams include charging for ad space, adding affiliate links and even charging for services and products on your directory site.
Anyone interested in making money online should be pursuing passive income, while also working on active income. There are loads of ways to generate an income passively on the internet, many of which start at the foundation of having a blog, generating substantial traffic and building an audience and a list. Is it easy? Nope. Is it worth it? It sure is. But that doesn't mean you need to start a blog to make money online today.
Last but not least, you can also earn money online by building an online community, although the monetization strategies you can pursue will vary a lot depending on your goals. You can build a community with a blog, for example. You can also build an online forum and charge people for membership. You could even build up a Facebook group and use your influence there to sell and promote products.
I think the important point though is you shouldn’t be penny wise and pound foolish. If you build up a site to the point that’s making $500 a month by spending a few hundred on cheap link services it’s eventually going to crash and burn especially if it’s not balanced out with high authority and more natural looking links. Then you lose that income and all the money you paid to develop the site and create valuable content. It all goes out the window unless you know how to get a penalty lifted which is really time intensive. Instead you could just spend more time and money up front building quality links.
Why is selling a video series, digital product, or online course a better option than in-person coaching or consulting? While both are nice, creating an educational video series allows you to make money while you sleep. Virtual coaching or consulting is great as far as controlling your schedule and working virtually, but you are still trading hours for dollars. If the goal is to create passive or semi-passive income, the game plan is to work once and get paid many times for the same effort or content. A great starting point for creating digital products or courses is David Siteman Garland and his Rise to the Top business.
Display. Just as in any retail operation, the way you display your wares will greatly impact your sales. Produce should be placed underneath a cover to protect it from the sun, but be sure to allow at least seven feet of head room. Display your prices prominently, and clearly identify the things that make your product special. Personalize your stand with signs to inform your customers.
WebMD uses a variety of moneymaking strategies and is an example of an authority website, which is the go-to place for information on a given topic. In a similar vein, The Simple Dollar is an online resource and budding authority website on personal finance topics. We value our readers and try to provide you with valuable content to keep you coming back. But your focus shouldn’t be on making millions or becoming an authority website. Your goal should be delivering value, solving a meaningful problem, and making that first dollar online.
If you aren't a writer (or hate writing), then the option that I recommend for people is to outsource this step and hire a ghostwriter. There's plenty of writers (and companies that I use) that can write your Kindle book for you on ANY topic you want for as low as $55-75 for a 5000 word book. This costs money and it's an option that is available for you. They will typically deliver the book within 7-14 days.
The audiobook industry is booming, yet only 5% of books ever get made into audio format. If you’ve got a background in acting, or if people have said you’ve got a voice made for the radio, you can make extra money recording audio versions of independent and popular books. Sites like ACX connect authors with audiobook performers. So, whether you’re an author looking for more ways to sell your book, or an actor/voice actor looking to make some extra income, you can sell your services online.
Fiverr: Israeli-based Fivver was started in 2010 by Shal Wininger and Micha Kaufam. It's a great resource for selling just about any service online. You can offer gigs as low as $5 but also get paid much more for upgrades and add-ons. There are plenty of providers earning 6 figures on Fiverr so it's definitely a worthwhile cause for generating a healthy income. Just ensure that you provide some serious value.
I’ve covered no-experience-necessary transcription jobs quite a bit already. If you think you’d like to give typing a try, check out these 19 transcription companies that will hire beginners. You might also want to read my complete beginner’s guide to work from home typing jobs. Both articles are a great place to start if you want to get paid to type — no experience required.