In today’s economy, job security has quickly become a thing of the past. Even those with secure jobs are finding their wages are not increasing with inflation, and that the cost of health insurance premiums is being shifted toward them as employees. With the cost of living constantly on the rise, it’s easy to feel the financial pinch. Starting a business in your spare time can be a great way to supplement, and possibly even replace your job income. You don’t have to invest a huge sum of money, and you don’t have to quit your job to start your own part-time business. Even someone without any business experience can start bringing in a few extra bucks with these simple methods. Here’s how to get started!
How To Make Money Blogging
Blogging is a great way to get your feet wet making money online. Companies spend an incredible sum of money advertising their websites anywhere there’s attention to be gained. Blogging is an easy way to build traffic, if you can provide enough content for people to find your site through search engines like Google. The more traffic your site receives, the more potential income you can receive from advertising programs such as Google Adsense.
If you’re just getting started, you can use a hosted site like Blogger or WordPress while you’re still learning the ropes. Eventually you will want your own domain name, and web host. This only costs a few bucks a month, and will easy be covered by the money you are making with your blog.
To get started blogging, pick a topic you’re knowledgeable about. Brainstorm a list of topics on that subject. Try to post an article every day. The more content your blog contains, the more chances you’ll get search engine visitors. As you gain experience blogging you will learn to pick good keywords that mirror what people are searching for.
Once you’re familiar with running your blog, you can begin to delve into Search Engine Optimization (SEO). SEO means designing your content, and building links to your website in order to gain more a prominent rank in the search engines. There are many great, free SEO blogs on the Internet where you can learn everything from the basics to advanced SEO techniques.
As a blogger, it’s important to stay in the loop and read other blogs related to your topic. It’s also important to read internet marketing and SEO blogs to help you improve your site’s traffic and profitability. Blogging and internet marketing are both constantly evolving creatures – make sure you evolve with them by staying informed.
How To Make Money With eBay
The best way to get started using eBay is to sell off any items you have sitting around the house, that you might consider selling at a rummage sale. As long as it’s not cumbersome to ship, you can probably get more money selling it on eBay! Old CDs, DVDs, trading cards, books, or anything else you want to get rid of will both make you money and get you valuable practice selling on eBay.
Once you’re familiar with the selling process, you’ll need to find more things to sell. You can pick out valuable or under-priced items at garage sales, buy wholesale lots and re-sell them individually, or even sell other people’s items on commission! There are many people out there who would like to sell their unwanted items on eBay but aren’t comfortable with the technology. Selling other peoples’ goods has the added benefit that it does not tie up your own funds on purchasing inventory.
Sourcing items to sell is where most of your money will be made. It’s hard to change the amount people are willing to pay for an item, so instead you need to make your profits by acquiring goods for resale cheaply (or free, if you’re selling goods for others!) This isn’t always an easy task, and requires perseverance. Find a few good products to sell at a profit – or a steady base of clients whose items you can sell for them – and you’ll have a profitable part-time eBay business.
How To Make Money With Network Marketing
Network marketing, or multi-level marketing (MLM) is a business opportunity that allows you to earn commissions in two ways: by selling their products and/or services, and by recruiting others to do the same. The business model was popularized by companies like Amway, Mary Kay, Excel and Herbalife. There are a wide variety of products and services sold through MLM: health & beauty products and communications services are widely popular as they bring repeat sales from your customers, which can give you passive income!
First you need to find a network marketing company that has a product or service you feel comfortable selling. It’s extremely important to find a product you can use yourself. You must be able to be your own customer if you want others to be! As you build a group of loyal customers, you will also build your organization by helping others start their own business doing what you are doing. As you teach them how to gather customers, you will both earn commissions. MLM encourages ongoing support from your “upline” as there is an obvious financial incentive tied to it. Money aside, though, some of the best training support networks can be found in network marketing companies.
There are two main downsides to MLM. The first is the negative stigma. When many people hear “MLM” they instantly think of an illegal pyramid scheme. While there are dubious multi-level marketing companies out there, the business practice itself is perfectly legitimate. There is a simple test you can use to determine whether an MLM company is legitimate; simply ask “if all recruiting stopped today, could I still make money as the last guy in?” The answer should be a resounding “Yes” because a legitimate MLM makes its money from the sale of products or services – not from the recruiting of more salespeople.
The second downside to network marketing is the sales part. Every business you participate in will call upon some sales experience. In MLM, you’re going to be “marketing” to your “network” (that’s why it’s also called network marketing!) This means your first customers are going to be your friends and family. The idea of selling to your friends and family can be off-putting to many. That is why it’s important to find a product you really believe in. Not all of your relatives and friends will be your customers at first (or ever!) but it’s the first place you’ll need to look.
What makes network marketing so powerful is that it provides a way for the average person to build a passive income stream. You can find a customer once, and potentially get paid from it month after month. The more customers are in your organization – your own customers, and those of your downline – the more passive income you will accumulate. MLM lets you leverage your time by building a network of salespeople to work for you, without the headaches associated with hiring employees. (Perhaps that is the best benefit of all – there are no employees needed!)
MLM will help you gain valuable sales experience. If you are with a reputable company, you will have access to extensive amounts of training. Starting a network marketing business is like working a franchise – you gain access to a proven system, and all the tools you need to make it work for you. You’ll typically pay under $500 to get started. Compared to the tens (or hundreds) of thousands of dollars you’d need to start a traditional franchise, network marketing provides great value as a way to start your own home-based business.