Bootstrap: This means you’ll be self-funding your business. While not everyone will have the funds to pay for everything they need to start a startup, bootstrapping means that you retain 100% control over your company. You’ll be using the financial tools you have at your disposal—whether that’s financing your business growth with credit cards, personal loans, traditional business loans or a home equity line of credit. The payoff if you can bootstrap your company to an exit or IPO though, is that you might not ever have to work another day in your life. Affiliate Marketing
You know those top-down cooking or craft videos you just can’t seem to get away from these days? There are people out there making a living from them, especially those that also run their own food blogs or travel blogs. In fact, a whopping 78% of B2C companies depend on user-generated content (like these videos) for their marketing campaigns. You can sign up as a creator on a site like Darby Smart and potentially work with brands like Nordstrom, Mattel, and BarkBox. Or, learn how to master PPC advertising and you can use the content to build your YouTube following and monetize through ads and views. Online Income
“Podcasting doesn’t have to be complicated,” says International Living. With a microphone, laptop and free recording software, you’ll be up and running. Plus, podcasts don’t need to run every day (once a week is best) and are better when they’re short. There are a number of ways to make money from a podcast. The most obvious is commercial sponsorship, but you can also use it as a platform to advertise your own products or services. NPR has a great guide to launching a podcast here.
The second (and cheaper) path assumes that you have the design and dev chops yourself to build your dream software. Naturally, it’ll take more time to get your product off the ground, but being able to bootstrap the development of your software lets you retain more ownership in your business and be more in control of your path, making this a lower-cost, but higher time investment to make money selling apps. Internet Money
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Join a startup accelerator: Another great option is to apply to a startup accelerator like Y Combinator, 500 startups, or TechStars, where a group of investors will help coach you, connect you with potential partners, and provide startup cash in return for a small stake in your company. The competition is tough to get into these, so don’t rely on them as your only path forward.
When beginning your affiliate marketing career, you’ll want to cultivate an audience that has very specific interests. This allows you to tailor your affiliate campaigns to that niche, increasing the likelihood that you’ll convert. By establishing yourself as an expert in one area instead of promoting a large array of products, you’ll be able to market to the people most likely to buy the product. Affiliate Marketing
Jumping into the field is relatively simple. Most prospective transcriptionists start by taking an online transcription course that teaches them the skills necessary to perform common job duties. Companies, such as Transcribe Anywhere, offer classes that teach students the basics of general, medical, or legal transcription, and just as importantly, how they can go about finding clients for work.
But hope remains. As shelter-in-place restrictions keep most nonessential workers home, opportunities for remote work have been growing. Brie Reynolds, career development manager for FlexJobs — an online job market specializing in flexible and remote work — says the site saw a 4 percent increase in remote job listings in March, compared with February. Plus, with so many jobs shifting home, any stigma against employing remote workers is easing. “Overall, companies seem to be pleasantly surprised at how well remote work is working for them,” Reynolds says. “So that's great. It is providing good solutions right now.”
Outsourcing is the new and dominant wave of the business world. As businesses shed employees, they increasingly turn to independent contractors to supply work that in-house staff used to complete. One of the ways they do this is through virtual assistants. These are people who provide certain tasks online. Businesses can use virtual assistants as much or as little as they need to. If you can make yourself available to multiple businesses, you might have plenty of work without ever leaving your house. Work From Home
I’ve never personally used Afternic, but GoDaddy bought them back around 2013 and so their services are virtually the same as GoDaddy’s today… and I’m not the biggest fan of GoDaddy’s service as a customer (when compared to several much better and less expensive domain registries out there), but they might be good for selling a domain name though since they have such a large customer base. Check out GoDaddy Auctions and see if there’s enough activity on there in your niche to sell a domain name at a profit. Work From Home
If you want to clear some space out in your house and have a big stack of books you’ve been holding onto for too long, you can make money selling your books and textbooks online. Stores like Half Priced Books and others will give you cents on the dollar for each of your current books while you can check what your book is worth by simply entering the ISBN number on Book Scouter. Work From Home