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No need for complex ecommerce sites or merchant accounts or any sort of automation. The company takes a commission of every sale and charges a small listing fee per item.
But many still use Etsy as their primary source of income. The best part is that you can also sell digital products such as poster designs.
Shutterstock and iStockPhoto : Have a keen eye for photography? Why not sell photos on some of the leading photography sites. You'll need some design software skills to tag along.
But if you do have skill in this arena, it's a great potential source for passive income. Threadless : Similar to CafePress, Chicago-based Threadless also allows you to sell digital designs in the form of t-shirts and other merchandise such as phone cases, mugs, beach towels and so on.
Zazzle : Another great resource for selling online is to use Robert Beaver's Zazzle. The site is somewhat similar to Etsy and virtually anyone can make money online selling a variety of items here.
From art to handmade items and customizable products, you can pretty much sell anything here. Of course, along with selling your own stuff on your own website comes a whole slew of both responsibilities and technical configuration and requirements.
For starters, you'll need a website and a hosting account. Then you'll need to design that site, build a sales funnel, create a lead magnet and do some email marketing.
You'll also need ecommerce software, fulfillment software, worry about warehousing, customer service and refunds.
But that's not all. You'll also need traffic. Think search engine optimization , Facebook ads, and other social media campaigns. It is hard work, especially on your own.
You could opt for Amazon's platform, which might be an easier route. But, then again, at the end of the day, this is a serious business, which could produce significant profits.
So you're either all in or you're not. Shopify : Want to build your own storefront? You could opt to create a Shopify store.
You could also install WooCommerce as a plugin and run your ecommerce store from your blog. You'll need an SSL certificate and a way to process payments, but you might find this easier to get up and running fast to start selling immediately.
You will need to pay a commission, but most of the other processes will be automated for you. Drop-shipping: Amazon offers one form of drop-shipping, but there are other resources for drop-shipping products that you'll never actually have to see or handle yourself.
You'll simply need to close the sale. You'll still need a website, merchant account, sales funnel, lead magnet and many other items.
But you can easily earn a substantial amount of money from each individual customer, making it well worth the arduous setup required. There are loads of resources for making money online as an affiliate.
Plus, many of the larger companies have their own affiliate programs as well. Do your due diligence and find the right company with a relevant product or service to your audience that you can sell as an affiliate.
In some cases, you will need an active website with substantial traffic to get approved. Selling as an affiliate isn't easy by any means, but if you do have the audience, it can definitely amount to a substantial amount of income.
If you're serious about making money online, start a blog. Blogging is one of the easiest and most sustainable income sources.
As long as the blog is setup the right way, in the right niche, with the right content targeted at the right audience, and the offer is complementary to the content, you could make a tremendous amount of passive income from a blog.
It all starts in the decision of choosing a profitable niche and picking the right domain name. From there, you need to build your offers. Then, build up that list.
You will need to deliver value and not pitch them on every email, but it is a very achievable goal in a short period. There are many ways to get people onto your list.
There is no upkeep or maintenance to get this thing going, which makes it a no-brainer if you have a website already. How much will you make?
That amazing month blew my mind since it was actually near the beginning of my blogging journey. For me, it also got me even more excited because I knew there were other ways to monetize.
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.
In addition to signing up for individual affiliate programs, you can also sign up for an affiliate ad network that offers a ton of different affiliates in one place.
Michelle has had so much success with affiliate marketing that she even has her own course called Making Sense of Affiliate Marketing.
While Michelle works with a ton of affiliates in the financial services industry, one of her biggest affiliates is a blog hosting company called Bluehost.
This just goes to show that you can make money with nearly any affiliate company or product if you know your audience and build up enough traffic to create sales.
Another way to make money online is via consulting. My colleague Robert Farrington of The College Investor is a good example of someone who consulted online on the side in an unlikely industry.
Robert told me that, after he had been blogging for a few years, a couple of brands reached out to him to ask him for help with social media and online marketing.
Robert said he did an average of of these gigs per year for a while depending on his schedule and the work involved. And remember, this was pay he was earning to advise people on the best ways to use social media tools like Facebook and Pinterest to grow their brands.
This website lets anyone who wants to offer consulting set up a free profile. You can find online courses that teach anything from cooking to marketing or even freelance writing.
Heck, I even offer my own course for financial advisors who want to take their businesses online— The Online Advisor Growth Formula.
Most people set up their online course through a platform like Teachable. With Teachable, you can upload your course materials and use the platform to manage customers and accept payments.
Another way to make money online is by hosting an online podcast. I have the Good Financial Cents podcast to go along with my blog, and I use that platform to find new sponsors and advertisers all the time.
However, there are tons of people making a lot more than me on their podcasts. The key to getting ahead with podcasting is finding your niche, growing an audience, and then finding ways to monetize and connect with sponsors.
While the publishing industry used to be heavy in print, you can complete the entire process of writing, publishing, and marketing a book online these days.
Websites like Create Space will let you upload and take your book to print without getting a formal publisher involved, and you can even get your book on Amazon.
Hogue has written several books he has published online to create an ongoing source of passive income. Not bad, huh? If you think you could write a book people would want to buy, this is a smart strategy to consider since the start-up costs can be minimal and you probably already have a computer and word processing software anyway.
Another way to make money online is by collecting leads. 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. A good strategy to set you on the path to success is selecting a unique topic, writing intelligent copy, and telling all your friends.
You'll be off to a better start with a targeted audience. If you are an expert on a particular niche topic and can assemble some of the best resources on it from around the web, then you can create topical hubs and get paid through sites like HubPages.
You'll earn even more money by creating your own niche site, though. Established topic sites have a built-in supply of traffic and tools to make content creation easier and are among the most profitable online business ideas.
Once you've established yourself as an expert within your niche, you'll be able to make money from a combination of ad revenue, affiliate fees, and more creative avenues like online courses, other digital products, and one-on-one coaching fees from others who want to learn directly from your expertise.
If you already have a website or blog, look for vendors that offer related but noncompeting products and see if they have an affiliate program.
Stick to familiar products and brands—they're easier to sell. For promotion, place simple text or graphics-based ads in appropriate places on your site; you can review or recommend products or create a dedicated sales page or website to promote a particular product.
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