7 Ways to Make Extra Money
Here are seven ways to make extra money off the new economy in 2011:
Launch a Brand
When Kimberly Seals-Allers, former senior editor at Essence magazine, was expecting her first child, she discovered that black women face higher risks during childbirth and pregnancy. "I realized we were a special group, and I wanted to write a book about everything in black women's lives. Not just pregnancy, but money, men, and myths in our community. [I wanted] to create a new way forward."
Her first book, "The Mocha Manual to a Fabulous Pregnancy," turned into a series as well as an online magazine, maternity line, and consultancy. Seals-Allers also licensed use of the Mocha Manual name to create an instructional DVD sold at Walmart and supermarkets.
Start a Blog
The anonymous blogger behind Lazy Man and Money defies his site's name. He works about 14 hours a day on weekdays and then puts in nine hours on Saturday and Sunday. But his hard work is paying off -- his blog earns him enough to support his lifestyle; back in 2008, he estimated his annual earnings at around $30,000. But it's tough for part-time bloggers with full-time jobs to keep up with all the demands of a lucrative blog. "There's simply a lot more [to do] than what the average reader sees," he says.
Even if the blog itself doesn't generate a six-figure salary, it can lead to other money-making opportunities, such as consulting or speaking gigs. Silicon Valley Blogger at The Digerati Life has carved out a successful niche as the expert on personal finance and technology in Silicon Valley. While she says she didn't earn much during the first six months of her blog's life, she received her first $100 check from Google AdSense shortly after that point, when she was getting around 600 unique visitors a day. She now earns money from her blog-related consulting, as well.
Sell Your Skills
Whether your expertise lies in social networking, editing, or web development, several new websites can help you find potential clients willing to pay you for your work.Elance.com, Odesk.com, and Guru.com make it easy to advertise your skills and find work, which you can do from the comfort of your home at all hours of the night. To get started, explore the websites to see what might be a good fit. You can also stick with a more traditional approach and use Craigslist.org, which allows users to post advertising for their services, ranging from household labor to music lessons.
Sell a Wacky Service
For those interested in a more unusual approach, the innovative website fiverr.com allows users to sell (and buy) services for $5. Current offerings include sketching a stylized portrait, writing a name on a grain of rice, and digitally restoring a photograph. It's one of the trendiest ways to make a quick buck for the internet-savvy; dozens of videos, websites, and blogs offer advice on how best to earn money off the site. The best advice? Since you're only going to make $5 a pop, sell a service that you can do easily and quickly.
Talk and Teach
Colleges, organizations, and companies are constantly on the lookout for new experts that can inspire an audience. If you've built up an expertise on a subject, perhaps through your blog, then consider branching out with some speaking gigs. Offer to talk for free at first to build up your reputation, and then a speakers' bureau can help connect you to paying gigs (for a cut of your fee).
Companies such as CafePress.com allow people to design and sell their T-shirts for a cut of the profits. According to the company's website, some users earn over $100,000 a year. But it's not always easy: Jen Goode, who earns enough through CafePress to pay her mortgage each month, found success after a year and a half of long, sometimes 16-hour days. Her time is spent creating designs and then uploading them. She has uploaded about 2,500 designs, many of which are cartoon oriented, including the popular penguin series. For her, she says, the secret has been to make many different images that are steady sellers, as opposed to creating one or two megahits. Now, she says she doesn't need to put as much time into her shop because she has such a large inventory of designs.
Sell Other People's Products
Make-up companies such as Avon and Mary Kay are always looking for new sales representatives, as are other companies such as kitchen products seller Pampered Chef. "If you don't have to make a big investment to get into it, it's probably not a bad idea," says Marcia Brixey, author of "The Money Therapist." But she warns people to stay away from businesses that require sellers to make significant up-front purchases that they might not be able to unload.
Make Money Blogging
Many people ask me how do I work at home and make money online full-time from home. My favourite answer is “create a blog”. Many will reply saying that they already have a blog but are not making any money. This is normal to me because anybody can easily create a blog but not many will know how to make money with their blogs. Many blogger also abandon their blog after a few months because they are not making any money.
The problem with make money blogging is that it takes time to “grow” your blog before you can make any money from it. Patient is the key here. You cannot expect to create a blog today and start making money tomorrow. It just doesn’t work that way. Blogging takes time and you need to wait a few months or years before you can see the money.
Anyway, your blog success depends on how much work you put in your blog. The best way to grow your blog is to create great content on a regular basis or even better daily. Your blog content must be unique – meaning that it must not be copied from any other sites on the Internet. Writing unique content will be good for your blog in the eye of the search engines.
How To Start A Blog
There are a lot of sites where you can create a blog. You can choose a free blog platform or a self hosted blog where you need to pay for blog hosting. Two of the top free blog platform are blogger and wordpress.com. However, if you want to make money blogging, I recommend you to create a blog at wordpress.org.
The reason behind is simple, self hosted wordpress blog belongs to you and you can customize the blog to your likings. Please note that free blogs hosted at blogger.com and wordpress.com does not belong to you. These blogs can be close down by the respective owner at any time and for any reason.
I currently host my blogs at BlueHost which have a friendly interface even for a newbie. BlueHost also provide one click installation of wordpress blog via simple scripts. If you want trouble free blogging, I would recommend you sign up with BlueHost.
How To Make Money Blogging
As I said earlier, anybody can create a blog but not many will be able to make money blogging.
Below are programs and tools that I recommend for you to be a better blogger and thus will be able to make money from your blogs :-
How to Become a Successful Freelance Blogger – This ebook teaches bloggers how to use their skills and knowledge to make money from freelance blogging.
Adsense Recipe – This course is for those who want to maximize their Google Adsense earnings and make more money. Include tips on SEO, SEM, Keywords, WordPress tips, choosing profitable niches, ninja tips on making money etc.
Be A Better Blogger in 31 Days- This ebook is not for new blogger but for intermediate blogger who wish to be a better blogger. A must read ebook for all blogger.
The Copywriting Scorecard for Bloggers – The Copywriting Scorecard for Bloggers is a downloadable eBook providing a list of recommendations to follow, as well as pitfalls to avoid, as you write that next blog post. It’s a checklist of things that are common in most great copywriting and mistakes that are commonly found in ineffective copy.
Consumer Wealth System – Created by top internet marketers from Australia, Daniel Turner and Marc Lindsay. The Consumer Wealth System has been built for complete beginners to begin making money online.
Beyond Blogging- The secret to blogging success. 15 top blogger including Darren Rowse of problogger.net share his secrets of blogging success. Imagine having 15 of the world’s top blogger teaching you their blogging secrets.
Become A Blogger- watch the free videos on how to setup a wordpress blog and don’t forget to get your free copy of “Roadmap To Become A Blogger”.
Blogger Writing Guide- This is a great ebook by top blogger Ali Hale which teaches blogger how to write better and effectively.
The Niche Blogger – If you are a new blogger and want to learn how to create money making niche blogs, this is the program you should join. Amy Bass will guide from a to z of making money with niche blogs.
Thesis WordPress Theme – This is the wordpress theme that I’m using for this blog. Thesis theme is a search engine friendly wordpress theme and very easy to customize. Read Thesis Theme Tutorials and Tips here. Recommended.
MaxBlogPress Ninja Affiliate WordPress Plugin- Automatically convert keywords on your blog into money making affiliate links. Also manage, track, cloak and shorten unlimited number of affiliate links from one central location of Maxblogpress Ninja Affiliate. The tool all blogger and affiliate marketers need.
Above are some of the programs and tools that can help you become a better blogger.
Once you are a better blogger than you are now, you are already on track to making money with your blog.
However, if you just continue to read without taking any action or not following what these probloggers are teaching you, you are not going anywhere.
You must take action today if you want to succeed.