While I started out making money from my blogs through advertising and affiliate promotions today my #1 source of income is through selling eBooks and courses on my blogs. These ‘virtual products’ take work to create but have been lucrative for me and many other bloggers.
Your most loyal readers are huge fans, and may be willing to pay to read more of your work. You can create a members-only area for them to share more in-depth blog posts, downloads, videos, audio content, and more.
This is one of those businesses that not everyone wants to do, so the profits tend to be above average. Furthermore, you don’t have to collect just by telephone. You can send emails, mail letters and more. Make sure you know all the legal restrictions before you start!
I invested in a friend’s prefab home construction once and lost all of my investment when a huge downturn hit the real estate market. Nonetheless this is a powerful business concept. By doing much of the house construction process in a fully equipped, controllable environment, the building process can be much more efficient. Furthermore, by using prebuilt modules, a builder can still construct a gorgeous customized house. You can get involved in this business by building the prefab homes or modules yourself, or as a housing contractor using prefab modules.
You could run this as a seasonal camp during the summer. But I find it’s tougher to make lots of money at seasonal businesses, so instead I would first consider offering a creative arts day camp after school or on weekends. I suggest doing surveys to find out what age groups of kids and what specific art activities have the most appeal.
Another huge issue in the rental business can be cyclicality. When the business is booming, it can be great. When the economy turns, it can be a disaster. I know a highly experienced construction equipment operator who couldn’t pay his bills and nearly went under during the last economic downturn. Eventually, however, he survived and became hugely successful. Another friend did very well renting out Dumpsters in the construction industry even though he had no experience whatsoever when he started.
Businesses, schools and other establishments require customized stationery that bears their corporate identity and logo. This includes letter-heads, envelopes, invoice books, receipt books and other assorted stuff. With a small investment of Rs. 25,000, you can try this evergreen venture.
John Rampton is an entrepreneur, an investor, an online marketing guru, and a startup enthusiast. He is the founder of online payment company Due. Known as a connector, Rampton was ranked No. 2 in Entrepreneur magazine’s Top 50 Online Influencers in the World, and named a marketing expert by Time. He currently advises several companies in the San Francisco Bay Area.
FastRupee was started with one goal in mind: To make online earning as simple as possible. Thousands of people in India are constantly looking to earn more income. But, most of the information about earning online is very vague and hard to understand. FastRupee aims to solve this by simplifying the information which can be understood by anyone and help them create an extra source of income.
48. Renting Out Your Garage or Driveway – If you have extra space in your driveway (or side yard), you could rent that space out as well to people looking to store property, like boats or RVs. In many areas, there are HOAs that prevent people from parking this type of equipment, and you could help solve that problem for them while earning a little extra cash.
“It took me half a year to make my first sale. I wanted to sell a suite of products, while customers wanted to be able to choose the products they needed. It’s important to listen to customers and give them what they want,” Lawrence. “Also, remember that customers are sophisticated these days. They have high expectations. Even though I am selling a B2B product, I’m cognisant of the fact that my users are also users of things like Facebook and Instagram. Ultimately, people use things that are elegant and simple and easy to use. They pick the best product.”