21. Buy and sell on
Bazaar
Openbazaar.org
is a free online market place with no platform fees or selling fees. It’s
decentralised, meaning that buyers and sellers can deal with each other
directly. There are no restrictions, meaning you can quite literally sell
anything you like on the platform. So what’s unique about it? The market deals
in cryptocurrency.
Buying and selling on OpenBazaar
works the same as buying and selling on any other market, and it’s easy to make
money. The primary method is to buy new products cheaply and then sell them on
for a higher price. There’s minimal risk with online buying and selling – you
only buy what you can afford, and the startup costs are low. The only difference
with Bazaar selling is that you’ll need at least a basic understanding of
cryptocurrency.
To find the most profitable items you
can use an app like Price Check by Amazon. You can enter the barcode and see
for what price similar items are selling. The app will let you know the markup
of the product – aim for anything over 50%. Price checker apps will give you an
idea of how well you’ll do out of each item.
22. Offer HR
consultancy online
HR
consultants exist to help business clients get the best out of their employees.
Responsibilities include the implementation of talent management programmes,
communicating the legal aspects of
employment, structuring promotion and giving advice on how to create
a diverse and inclusive working environment.
If you’ve got a background in HR,
there’s no reason why you can’t work for yourself and take your business
digital. Experience in the industry often comes with a useful network, which
forms a sound basis for seeking clients. Make sure you have a solid online
presence and develop a marketing plan to advertise your services.
Determine the focus of your service –
are you offering general HR consultancy, or do you specialise in a particular
industry? Define your target market to advertise effectively.
23. Trade on the
stock market
Stock
traders buy and sell stocks frequently in time with fluctuating markets. The
aim is to purchase shares at a low price, hold them for short periods and then
capitalise on market changes to sell them on for considerable profit. As a
stock trader, you’ll be using platforms such as Etoro, Plus500 and IG to
purchase stocks.
Trading
stocks online will lower your transaction costs compared to trading through a
brokerage firm. That said, it’s a highly risky business venture which requires
substantial research and knowledge. Before you start, it’s essential to study
the market and research current trends. A good way to keep up to date with
market trends is to subscribe to trading magazines, such as The Economist, Traders World and Modern Trader by FuturesMag.
For this business, a steady and
stable internet connection is an absolute essential – timely trade is
imperative to make money.
24. Work online as a
telemarketer
Telemarketing is a type of method of
direct marketing where salespeople contact potential customers by phone. It’s a
way of building up a prospective client base for companies, generating leads
and advertising.
The
startup costs are minimal – all you need to get going is a phone, a headset,
computer and internet connection. Firstly, decide whether your service will
offer B2C or B2B marketing:
business-to-consumer or business-to-business. The first involves selling
products or services to businesses, and the second consists of calling
individual customers to sell a product. Then, settle on an industry and make
sure you understand it. You’ll be a lot more successful if you know what you’re
talking about and can handle any relevant questions. Now all is left is to find
clients. Market your services via a website, social media and the phone –
convincing customers by phone sells your service simultaneously. Once you’ve
found your clients, you’ll have to compile appropriate call lists. Be aware of
GDPR – you mustn’t call people who have opted out of receiving sales calls.
You can also think about taking the
business automatic – you can use interactive voice response as a way to
increase call volume hugely, and it is relatively inexpensive.
25. Become a
technical writer
Technical
writing is a skill. It’s transposing highly technical, informational content
into digestible information. Technical writers are more in-demand than ever
before – companies will outsource the writing of their business
plan, product specification or financial proposals to technical
writers.
First off, you’ll need outstanding
writing skills, complete with flawless grammar. If you’re specialising, you’ll
need experience in your relevant field – whether this is a background in
finance for financial writing or extensive knowledge in engineering. Technical
writing can, however, extend to projects as simple as writing an instruction
manual for a microwave – there are countless project types you can encounter as
a technical writer.
Be sure to define your target
audience and your service. Once you’ve decided what type of technical writing
to do, make sure you familiarise yourself with industry jargon so you can offer
an even better service, and charge more for it. In essence, technical writing
can be far more lucrative than other types of writing, so it is well worth
exploring.
26. Create a private
Facebook group
If you’ve got a significant online
presence on the internet, you can almost certainly monetise it. The same goes
for Facebook. If you’re the admin of a popular Facebook group (around 5,000
members or more), you can quickly turn your page into a profitable business.
First
of all, make sure you get email addresses of all your group members straight
away. Extensions such as Group Funnels can
do this for you – when people request membership to your Facebook group, they’ll
have to complete a few ‘approval’ questions, including their email address.
Setting up approval questions is also
an excellent way to curate the membership of your group to ensure you have a
narrow target audience. A clearly defined audience makes your group
significantly more attractive to brand sponsors and advertising partners.
Currently, brands have no way of posting in private Facebook groups without
expressly striking a deal with the administrator – which is how you make money.
Don’t forget the legal stuff! If
you’re posting an affiliate link, always make clear that it’s an ad or a
sponsored post.
27. Buy and sell on
eBay
Selling on eBay has become a very
profitable business model. Anyone can do it, starting today. The concept is
simple: buy products cheaply and sell them on with a profitable mark-up.
The trick lies in finding profitable
products. Some of the most lucrative ideas include antique selling, books
selling, and selling small accessories, such as mobile phone or hair
accessories. Selling on eBay is fast, cheap and reaches millions and millions
of potential customers.
A top tip is always to leave your
buyers positive feedback. Positive reviews encourage them to leave you good
feedback in return, which will boost your credibility and your sales. Another
tip, take time in photographing your product: the more photos, the better, and
the better chance of a quicker, higher sale.
28. Produce a
podcast
The
podcast industry has taken off since 2018. Podcasts are a solution to the
fast-pace, commuter life as they can be consumed on the go. Podcasts are hugely
variable, offering entertainment, information or a combination of both. Podcast
providers produce digital, audio-based files. Listeners have greater access to
podcasts than ever before, via Spotify, Apple Podcasts, BuzzSprout, Podbean, Simplecast and Captivate, to
name a few.
Becoming a podcaster is a hugely
flexible job. You can choose to podcast in any field, on any subject and from
almost anywhere. Decent podcasting software and equipment can cost as little as
£50. Reputable recording software includes Logic Pro for Mac or Audacity for
Windows.
With over 800,000 podcasts in
existence, it’s crucial to find a unique concept to attract listeners.
29. Social shopping
marketplace
On this type of platform, consumers
are not exposed to individual products but rather to offers. Such offers
consist of multiple items sold by different independent sellers. The offers are
comparable to a shop window where items are arranged in a creative, visually
attractive way to maximise their appeal to customers.
It’s
no surprise that this innovative way of selling is popular with sellers of
fashion and beauty products. Social shopping marketplaces provide tools to
connect buyers with sellers, encourage feedback and at the same time, function
as an e-commerce facilitator for sellers and a shopping search engine for
buyers. Popular sites in this category include Storenvy, Polyvore or Shopcade.
30. Remote project
management consultant
A project management consultant’s
role is to advise, plan and lead a team through a project for a client.
Responsibilities include organising and holding appropriate meetings, gathering
and updating industry knowledge and delivering projects.
Common
software that consultants use to improve their trade includes MS Project, SharePoint and Project Server.
As project management is mostly about planning, many consultants use software
such as Odoo, OpenProject and OrangeScrum to keep organised. To make money as a remote
project management consultant, you’ll need some relevant industry experience as
well as some relevant contacts.
Understanding your client is crucial
to success as a remote project management consultant. Make sure you understand
their vision for the project and create open channels for communication.
31. Freelance as a
financial adviser
As a financial adviser, your role is
to help individuals and businesses reach a solution that’ll allow them to meet
their financial targets and goals. Demand is increasing, with more clients
seeking advice for investing wisely and saving effectively. Typical services
offered by financial advisers include retirement planning, university funding,
estate planning and general investment analysis.
If you’ve got a financial background
or experience in financial services, it’s easy to start a business from home.
If you’ve got relevant experience, you’ll likely have a lot of contacts in the
industry, which is a great place to start when looking for clients. Create a
webpage and consider investing in paid advertisement or purchasing mailing
lists for email campaigns.
32. Start
dropshipping
Dropshipping is a supply chain
management technique which involves selling and delivering products without
ever having physical contact with them. Instead of stocking the products you
have available on your store yourself, you only order products from a supplier
when you receive orders, and have them delivered straight to your customer.
The primary benefit of dropshipping
is you do not have to invest upfront in purchasing and storing large quantities
of stock as typical retail businesses would. You do, however, have to make sure
your dropshipping suppliers have a fast delivery time, are reliable and can
provide excellent customer service.
You
can find many dropship product suppliers on platforms such as Aliexpress and Doba. Alternatively, you can also contact small business
owners and ask if they’d be interested in this type of cooperation.
33. Start a lead
generation business
As
a lead generation business,
your task is to source potential clients for other firms. Companies are willing
to pay for good leads to prospective customers who have a genuine interest in
their products or services.
One of the main advantages of having
a lead generation business is that once set up, it’s entirely automated. It’s
all about collecting data of people interested in certain products, to pass on
to your business clients. The best way to collect data is to place an ad for a
product online that redirects the consumer to your landing site. Here, the
customer fills out their details in the hope of getting more information on
what they’re looking for. Once they’ve given their contact information, you’ve
generated a lead, which gets sent automatically to your lead buyer through your
lead software.
Facebook is a brilliant way to
generate leads as it can reach huge volumes of people and knows how to tailor
ads to likely consumers. Finding clients is easy, too – you can do this via
email campaigns or online advertising. Make sure you pick an industry that’s in
high demand.
34. Build a Chrome
Extension
Tech-savvy
individuals can monetise their skills by producing a Chrome extension. Chrome
extensions customise a user’s browser and serve as add-ons allowing users to
tailor their browsers to perform specific functions. They’re there to enhance
user-experience by extending Chrome’s capabilities.
One example that may people are
familiar with is an Adblocker – you download it, and it sits on your taskbar in
Google Chrome, preventing ads from popping up all over the place. Once you’ve
made an extension, you can sell it on the Google Chrome store. Chrome is such a
reputable interface that they get significant site traffic, meaning high
exposure.
The key to making money from a Chrome
Extension is coming up with an innovative idea – it needs to be general enough
to appeal to the majority of users, offering a universal function.
35. Fashion designer
The fashion industry brings in huge
revenue every year, and more and more designers are selling online. As a
fashion designer, you can sell your designers for products such as shoes,
clothing and accessories.
Starting by selling t-shirts is a
smart option to minimise overheads and startup costs. Selecting a few simple
designs keeps the concept simple and profitable. Once you’ve acquired some site
traffic or a loyal customer base, you can consider expanding to other products
and accessories.
36. Design and sell
on TeeSpring
TeeSpring is a fantastic website for creatives who want
to minimise the business side of things. TeeSpring allows you to create and
sell apparel and takes care of production and distribution. It’s completely
free to use – TeeSpring sets the base price of an item which it’ll keep, you
set the sale price and keep the profits.
The t-shirt market is one of the
biggest in the world. Using TeeSpring is an accessible way to start designing
and selling clothes. The best way to market your tees is to invest in paid
marketing. Although you don’t need to purchase ads, if you’re hoping to make
your TeeSpring business a sustainable, long-term project, ads are the best way
to grow.
Don’t charge too high – setting a
modest price initially will generate the most interest. If a campaign does
well, consider relaunching it at a higher price.
37. Sell logo and
design work
Graphic design freelancers can make a
fortune selling logo and design work online. You can start with as little as a
website and some design software, and you’re good to go.
To be
successful, you’ll need a portfolio of work, or at least some samples on your
site where potential customers can see examples of your work. Target new entrepreneurs and
startups by advertising on relevant websites.
If you
don’t want to procure customers yourself, you can sell your design work on a
logo marketplace, which brings together companies and designers: for
example Designhill or ArtWeb.
38. Set up a
transcription company
A transcriber is someone who converts
recorded speech into a text document, commonly working with clients in law
firms, courts, meetings and trade associations. If you’re a competent typist
and enjoy working solo, this is a great way to earn money.
The biggest
challenge for transcribers is to make out words that are difficult to interpret
for various reasons such as strong accents, fast speech or background noise.
It’s an easy business to carry out at home. To start an audio-to-text
transcription business, you first need transcription software such as oTranscribe, Inqscribe or Express Scribe, a good headset and a word processing programme
(Word, OpenOffice, or similar). You can use platforms such as Fiverr to generate
freelance work and find clients. If you have a specialist background or
skillset you can charge more for your services.
39. Build custom
software for freelance clients
If you’re a keen software developer,
you can make significant money by producing bespoke software solutions for
freelance clients. Freelancers are often not able to use the same software as
larger businesses offering a similar service, as they represent a much more
scaled-down version.
As many freelancers offer unique
services, it is challenging to purchase readymade software to help them
operate. Building custom software solutions is, therefore, a service in high
demand.
Attracting clients is also
hassle-free. Paid ads on freelancer websites are fantastic exposure to your
specific target market.
40. Create and sell
recipes
Foodies can market their kitchen
creations online and make money. You can create and sell recipes through an
online website or by producing an eBook and selling it on Amazon.
There are a plethora of different
diets and health crazes that come in and out of fashion. Current trends include
vegan diets and low-sugar recipes. Producing recipes than correspond to current
eating trends will increase your sales.
People love to see beautiful images
of food – consider investing in a professional photography service to take
pictures of your dishes and start a social media account. Attractive food will
result in lots of shares and a big Instagram following, which can generate lots
of sales.
41. Produce and sell
your music
Musicians can capitalise on their
talent by selling their art online. There are lots of different ways to make
money through your music online.
The most lucrative option is to sell
your tracks directly from your own website. It’s also better in the long-run as
you’ll have access to the personal data of your customers, meaning you can
contact them in future via email to promote future music and concerts. However,
selling on your own site can mean less exposure.
For heavier online traffic, you can
sell your music through stores like iTunes, Amazon and Google Play. Customers
usually already have an account and trust these stores, making them more likely
to buy your tracks. However, these big sites can take a considerable cut of
your sales – up to 30% – and you don’t get access to your customers’ emails.
A top
tip is to use SoundCloud. It attracts a
lot of online traffic and is completely free to upload music. Although you
can’t sell on the platform, you can include a buyer’s link to your own website,
where fans can buy your music directly. SoundCloud has the dual benefit of
increased traffic and better returns.
42. Online narration
or voice-over service
As a society, we are busier and more
technology-dependent than ever. That’s why so many people are turning to
Audiobooks – you can consume books while driving, jogging or even working in
some cases. As well as narration for audiobooks, companies need voice-overs for
all sorts of reasons, from marketing campaigns to online tutorials.
Producing audio content is an
effortless job you can do from home. All you need is a decent microphone and
some professional recording and editing software. Finding clients is trickier –
figures estimate that voice-over artists spend up to a third of their time
searching for customers. Increase your online presence as much as you can, in
the way of a website, paid ads and email campaigns.
A top tip is to produce a demo.
Clients will want to know what to expect from your service. Another tip is to
take an online voice-over course which will give you advice on breath control.
43. White hat
hacking
White hat hackers use hacking skills
to break into protected networks, computer systems and hardware to test their
security and identify any loopholes. Many companies base their entire
operations on trade secrets which need to safeguarding. White hat hackers can
expose vulnerable parts of the system to prevent future security breaches.
This type of business requires a very
specialised skillset. It can be a high-pressure job and requires not only
strong technical skills but clear communication skills to reassure clients and
to ensure both parties are clear on what’s to be tested, and to what degree.
Due to
the sensitive nature of the work, many clients will want proper credentials.
Having a certificate from an Ethical Hacking course can help boost your
credibility and attract clients. EC-Council offers
a range of courses and certifications in ethical hacking.
44. Trade in
cryptocurrency
The cryptocurrency market boomed in
2017 and remains one of the most popular investment options today. Trading in
cryptocurrency differs from trading in traditional currencies as it cuts out
the middleman: the bank. Instead, cryptocurrency is traded directly from seller
to buyer.
If you want to make money trading in
cryptocurrency, you must understand the market. You’ll need to study
cryptocurrency trends and have a solid understanding of the stock market before
you invest. The best way to make money is the buying and holding method – buy
an asset, stocks, for example, at a low price and wait for interest to build
up. Then cash out, making a profit.
If you’re going to trade in
cryptocurrency, stick to the four leading currencies: Bitcoin, Litecoin,
Ethereum and Ripple. These have been on the market for a while and are
therefore safer options. But remember, trading in cryptocurrency is always a
high-risk venture.
45. Facebook
advertising campaigns
Facebook ads are a powerful way not
only to reach millions of people but to target specific demographics or target
audiences. If done right, Facebook ads can massively increase website traffic
and result in increased sales and revenue. It’s tricky to get right, which is
why many companies are happy to outsource to somebody who can maximise their
Facebook advertising.
Successfully
advertising on Facebook involves calculating the Lifetime
Value of your customer, which comprises several calculations based
on the average sale per customer and frequency of purchases. This figure allows
you to set a budget-appropriate offer on Facebook to reach customers who are
likely to respond to the ad. You’ll then need to create a target audience
appropriate for the client and set up things like engagement campaigns, which
encourage Facebook users to engage in the advertising.
Once you’ve learnt the process, it
becomes easy to replicate for other clients and is a straightforward business
to run from home. Set up a website to market your service and, of course, use
Facebook too.
46. Start a medical
transcription business
Becoming a medical transcriptionist,
it involves transcribing recorded dictation from doctors or nurses into a
written format for patients’ medical records, referral letters or other
documents.
The startup costs are next to none.
If you’ve got a computer, all you’ll need to invest in are some good quality
headphones and some transcription software. You’ll also need a good grasp of
medical terminology to be able to interpret the dictations, typing proficiency
and flawless grammar.
You can also obtain a license by
undergoing certified training: not all service providers require this, but it
can boost your credibility and ensure that you’re able to work for anyone.
47. Become a systems
integrator
The role of a systems integrator is
to combine subsystems and digital components into one overarching system, where
all of these former functions work together. It includes tasks such as data
migration from old systems and automating previously manual operations to
provide bespoke software solutions to meet individual company needs.
You can provide this service from
home, provided you’ve got the necessary specialised skill set. The job requires
extensive knowledge of software, hardware, programming and coding to integrate
all sorts of computer systems. The complexity of the job means that if you’ve
got the know-how, you can charge a high fee for your services.
Systems integrators are hugely in
demand – simple marketing techniques such as a website, cold-calling and social
media advertising is an effective way to bring in high-paying clients.
48. Online mailing
list broker
Mailing list brokers compile lists of
names and addresses of prospective consumers for business clients. They’re
specialists in their field who undertake market research to define a target
consumer and find leads. These kind of lists are essential for companies to
expand their client base and grow their sales. Companies are therefore willing
to spend huge amounts of money on appropriate mailing lists.
To get started, choose an industry
you’re familiar with. You need to have a knowledge of how the sector works and
ideally you should have experience in sales or advertising in this area. Part
of your job will be understanding the industry and interpreting consumer
research reports to determine which demographic your clients should be
targeting. You should use this analysis to recommend appropriate mailing lists,
which you can either sell or rent to clients. The startup costs are very low –
all you need to start is a computer and an internet connection.
Be
careful of GDPR – this type of
industry requires up to date knowledge on data handling legislation to make
sure you don’t breach any privacy laws.
49. Become an SEO
consultant
SEO is vital for the
success of any online business. SEO stands for search engine optimisation and
involves optimising website content, with the overall aim of ensuring websites
rank highly on search engines. Ranking highly generates increased website
traffic and boosts sales.
SEO consultants need
to know how to conduct keyword research to determine which words are optimal to
use in titles, headlines, descriptions, articles or any other text that appears
on a website to increase website rankings. SEO is the most critical success
factor for any digital enterprise, meaning SEO consultants are in high demand
and can make a considerable profit. You’ll need experience in the
industry, knowledge of SEO concepts
such as authority, keyword research, search engine spiders and link building as
well as an analytical mind that can interpret data.
In
today’s technology-driven society, your service will sell itself – finding
customers is your only barrier to success. Make yourself a website and
advertise on social media and LinkedIn. You can also advertise your services on
freelance sites such as PeoplePerHour and Fiverr. To make more money, consider completing an online
course in coding or digital marketing to give your business more authority.
50. Become a
business plan writer
All
successful businesses need a solid business plan. It’s the first and most
crucial step for any budding entrepreneur to secure investment and start
trading. Many entrepreneurs don’t know where to begin,
making them willing to outsource to an external writer to do the bulk of the
work for them.
To become a business plan writer,
you’ll ideally have some experience in business. You need to understand all
aspects of a business plan to be able to produce one for somebody else. You’ll
also need impeccable grammar skills and a professional writing style. To find
customers, you can advertise on entrepreneur websites or contact businesses
directly.
Writing business plans can be
extremely profitable. Big companies will pay thousands for a thorough plan, so
make sure you’ve got expertise on all the necessary components of a business
plan.
){kind=link}
0 Comments