But don't make the mistake of thinking this will be a passive source of income—you're on call whenever you have a guest and you'll always need to keep the place clean for incoming visitors. On top of just renting on Airbnb, consider offering your guests paid add-ons, like Lauren Gheysens', Royal Day Out in London, England—where she gives visitors a local's only tour of the city, complete with bespoke 18th century costumes.
A large, seemingly overwhelming task can sometimes be transformed into a set of smaller, more manageable microtasks that can each be accomplished independently. Crowdsourcing can be an efficient organizational strategy to harness innovation and agility by distributing work to Internet users. Businesses or developers can use MTurk to access thousands of on-demand workers—and then integrate the results of that work directly into their business processes and systems. Common examples include the moderation of web and social media content, categorization of products or images, and the collection of data from websites or other resources.
Now, making money online should seem like a pleasurable activity. Why wouldn't we do just about anything to see things through, since it would be a major source of pleasure, right? Wrong. In the beginning, like anything else, we might get really excited about it. We might also set our hopes very high. But that all comes crashing down when we begin to fail.
Creating space for banner ads on your website is another way to generate a revenue from adverts. However for this type of advertising you will need to contact businesses directly and ask them if they would like to advertise on your website. The upside is that you can charge a set amount, or even a recurring monthly fee, to business to promote their services on your site. Using a WordPress plugin like AdSanity is an effective way to manage this type of advertising.
You’ve probably heard the overused term “pivot to video” at some point, which is both a joke about and an acceptance of the fact that many publishers are pushing their resources into video. Video advertisements are more expensive to buy than banner ads because they lead to higher click-through rates, which means a business can potentially make a lot more money through video than through other forms of content. So, if you can create great videos that make people want to watch and that drive ad revenue or subscriptions back to a website, you can become a very valuable asset.
My next self-funded business hit $160,000 in revenue in its first year alone. After that first taste of self-made success, I’ve gone on to sign consulting contracts worth tens of thousands of dollars with startups like LinkedIn and Google, launch profitable online courses, and build a following of hundreds of thousands for this blog and my podcast series.
Sell unwanted items. You can also sell items on Amazon or eBay. These might be objects you or your parents have but don’t need (such as books you have already read). You can also make a lot of money selling vintage items online through these websites. You can often find cool vintage items at yard sales or second-hand stores such as Goodwill. Ask your mom or dad if they have some free time one Saturday to help you hunt for vintage finds in your area.
You could also set up a website. You can create a free website through wix.com or weebly.com. These sites also have many templates that you use to create your own website. Include the link to your website on your fliers and ask past clients to contribute testimonials. You can include some information about yourself and your company on your website, as well as post your hourly rates.
Here’s a good example of how lead sales can work in real life: My second website, Life Insurance by Jeff, brings in a ton of traffic from people who are searching the web to find answers to life insurance questions. While I used to have the website set up so I could sell these people life insurance myself, it was a lot of work to process all the different requests and clients. As a result, I started selling the leads I gathered instead.
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.
These days, it’s nearly impossible to meet a kid or a teenager who isn’t passionate about the Internet. From the countless cat videos, to fierce fandoms, to every game genre you can imagine, the Internet is filled with amazing things. This is why kids barely leave home to go out with friends–they’re already talking to each other online, from the comfort of their own beds, with a bag of potato chips within reach.
Now, this isn't about some get-rich-quick method here. If you want to get rich quick, forget about trying to do it on the internet. Sure, Facebook ads are all the craze, but without a serious understanding of the mechanics behind sales funnels and conversion optimizations, which only comes after years and years of in-the-trenches work in the internet marketing field, you're largely wasting your time trying to "get rich quick."
Be a mommy (or daddy) blogger. If you haven’t used your free time between changing diapers, washing clothes and shuttling kids around to hop on the blog bandwagon, it’s worth considering this potential source of income. And just because you’re a parent doesn’t mean you have to write about parenting issues. In fact, given that there already are so many blogs about life as a mom (or dad), consider writing about another topic about which you are passionate. The more original, entertaining and informative you are, the more likely you’ll gain followers – and you need an online following to make money.
Double check yourself, before you double wreck yourself. Make sure everything you send to a company, whether a résumé, an email or a portfolio, is good to go. Double check your grammar and wording, and for God’s sake use spell check! This is especially important when it comes to the company’s name. Don’t spell their name wrong and be sure to type it how they type it (e.g. Problogger, not Pro Blogger).
MemberPress is a feature-rich plugin that will enable you to turn your WordPress blog into a fully functional membership site. Depending on how you want to run your membership site, you could have a mixture of free and premium membership plans. Premium plans could include no adverts, free downloads, access to extra content, membership forums, and much more. However, it is important to remember that if people are going to pay to view your content then it must be high quality. Otherwise your members won’t renew their subscriptions when the time comes.
When Michelle and I go on vacation we normally do not bring our dogs. We hate asking our friends and family to watch our dogs, so we normally just pay someone to come watch our dogs. For us that means feeding them twice a day, taking them for a morning and afternoon walk, and letting them outside a couple times a day. If you are a teenager who loves animals this might be a great way for you to earn money.
The best way to make lucky things happen, is to make a lot of things happen. Go outside. Manufacture serendipity. Ways to meet new people include conferences, events, meetup.com, Quora, asking people you know for introductions, reaching out to people directly, personal interest groups, intramural sports leagues, classes and workshops, parties, happy hours, alumni associations, Twitter, and LinkedIn groups.
Update: I used to recommend carousel style Amazon ads, but they don’t exist anymore. When I used them they converted about 3 times better than static style Amazon banner ads. I suggest using Native Shopping Ads instead which is essentially a replacement to the carousel style ads but allows for greater flexibility. You can display products by recommendation from the content, by search or with other options. Here is what the a Native Shopping Ad looks like for the keyword search “Chris Guthrie” Amazon displays the Kindle books I’ve written:
This isn’t to scare you off. I simply want you to know that this guide is going to focus solely on ways to make real, sustainable extra income online. Not just a few bucks. I want to share all the mistakes I've made that got me to where I am now so that you don’t have to go through them, and can build a successful online source of income for yourself.
Most of the virtual income opportunities I’ve discussed in this article are focused on older kids, usually teens, who are now pros at games like Halo or World of Warcraft. But, what about those little ones who’ve grown tired of their Webkinz account (or should we say their Webkinz mansion) that they’ve spent several years building up. You’ve spent lots of cash buying those little stuffed animals and collecting codes, and your little kid spent hours playing games and collecting cool Webkinz items for their Webkinz home. Is there a way for your child to rake in a little cash for all of that effort? You bet there is – help them sell their Webkinz home.
You can work as a virtual assistant through dedicated websites, such as Upwork or Zirtual. All kinds of skills are needed, and compensation can vary anywhere between $10 per hour to $100 or more. Obviously, the higher pay will be to people who have more technical skills, such as web building skills and marketing. But you can find work doing administrative tasks at the lower end of the pay scale.