You might think you need to launch the next Facebook or Uber to make money with a small business, but nothing could be further from the truth. The trick to launching a profitable new business is to figure out how you can make money doing something you enjoy or have some experience or expertise with. Make lists of things you enjoy doing, and start thinking about how you could make money from them. Read about what you need to know to turn a hobby into a business here.
Most of these ideas can be scaled up to meet the needs of more customers and can have a huge impact on your financial prosperity. People who land on this page are looking for ways to make money right now. Some of these may be cliche, but that’s because they are proven. You can start making money tomorrow with most of these ideas. You can then, overtime, scale/pivot these active jobs into more passive entrepreneurial efforts. For example, you could start bar tending tomorrow and then one day become a bar owner or beer/wine producer or event planner or whatever you dream up. The point is to get going with something and look for ways to add more value to more people.
High-ticket consulting or coaching: You could sell your own high-ticket consulting or coaching products from your website. You'll still need a website, merchant account, sales funnel, lead magnet and many other items. But you can easily earn a substantial amount of money from each individual customer, making it well worth the arduous setup required.
Find items that you know are selling below their full value (either online or through a deal website like SlickDeals.net), discount stores (Marshalls, Ross, etc.) buy them and sell them for more on eBay or Amazon. Once you find your product niche you can set up a system. Don't read over that too quickly. You need to find a particular product or niche to really make this work. Otherwise, you're met with different shipping costs, always trying to figure out new margins, etc. Don't try to be everything to everybody. Try to be good in one particular. Maybe it's a product you're passionate about such as selling trucker hats. 🙂 Click here for more on this idea.
Your money is either in charge of you or you’re in charge of it, there’s no middle ground. Using some type of personal finance software can help alleviate some of that money stress and better allow you to manage your money effectively. Without it, you may just be setting yourself up for constant financial worry. Life is already tough enough and there’s no need to make it more difficult by simply hoping your money issues will all work out in your favor. Hint: they won’t.
Despite the jokes, it's not such a bad thing to come straight out of Central Casting (875 Sixth Ave at 31st St; 646-205-8244, centralcasting.org). If you're nonunion, download a registration packet from the website and deliver it Tuesdays or Thursdays (11am for men, noon for women). Have a SAG or AFTRA affiliation? Go on Mondays, Wednesdays or Fridays at 10am. Currently, the most in-demand parts are prep-schoolers for Gossip Girl and faux cops and corpses for Law & Order and its spin-offs. "Every day is a deadline," explains Brad Kenny, manager of Central Casting. "At 4pm today, a show could call and say, 'We need ten doctors and four nurses for tomorrow—they have to fit these sizes and be this ethnicity,' and we rush to find those people." The pay ranges from minimum wage if you're nonunion up to $160 a day plus overtime if you're SAG. Also try: NYCastings (nycastings.com) and Back Stage's casting search engine (casting.backstage.com/jobseekerx).
Better yet, you can even upload your own book to one of the world’s largest book sellers: Amazon. With Amazon self-publishing, you set the price, retain the rights to your book, and get access to Amazon’s massive audience. For every sale, you keep 70% with Amazon taking the remainder as a fee. If you want to get started, check out Leslie Samuel's great guide to selling eBooks online or follow Tara Gentile on CreativeLive as she shows you how to use your existing body of work to write an eBook within the next week. Who knows, you might just write one of the best business books of this year!
If you have a vehicle that just sits in your garage for long stretches of time, you might find a car rental service like Turo is one of the easiest ways to make extra money. Let’s say you list your 2014 Nissan Maxima in Denver, CO. If you rent out your car for just 11 days a month, Turo says you could make around $385. That’s over $4,600 a year!(6)
If you've watched Saturday morning cartoons like G.I. Joe, Teenage Mutant Ninja Turtles and Pokmon, you've no doubt heard Tom Wayland. The 37-year-old is a director-at-large for DuArt Film & Video and also freelances as a voice actor himself. "Compared to other acting gigs, like theater, voiceover work is the best bang for your buck," he says. "If you book a national union spot with residuals, you can make thousands and thousands of dollars over time." Wayland recommends signing with an agency like CESD Talent Agency (257 Park Ave South between 20th and 21st Sts; 212-477-1666, cesdtalent.com), which vets hopefuls by listening to their vocal demos. "[A demo] is your calling card in the voice world," says CESD agent Tom Celia. But he doesn't think you need to spend a fortune to have it professionally produced—editing together clips on your home computer will work just fine. And if you'd rather try to find work without an agent, create a profile for Voice123.com, which maintains a database of casting listings.
Since time is the most precious commodity on this earth, invest the time at the front-end so that you can reap the benefits on the back-end. This means putting in a bit of sweat equity and not getting paid today. Rather, you'll get paid somewhere down the road. And you'll continue getting paid whether you keep building that passive income stream or you stop. It's obvious that this is the preferred route, but clearly the road less traveled.
Now, I know what you’re thinking. Most of the software and apps you use on a regular basis are made by massive companies or established development studios. Well, yes. But many successful apps, particularly those in the Apple and Google stores, are created and marketed by individuals and small businesses. In fact, independent developers made $20 billion in the App Store in 2016 alone.
The market for drones is expanding. Companies hire out work like aerial inspection, photography and land mapping. So if you’re already a drone enthusiast, why not put your aircraft to work? You first need to register it with the Federal Aviation Administration and obtain a license from them for commercial use. Then, you can apply for gigs as a drone pilot. Learn how to start making money with drones.
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25. Products – You can create your own product, such as an ebook or computer software. You would then use your blog as a promotion tool to get people to buy your product. As long as you create a legitimate product with a whole lot of value, you should be able to get some buyers, but like everything else with a blog, you’ll need the traffic to get the sells.
Websites like Survey Junkie will pay you a decent chunk of change for the low-maintenance, borderline mindless task of completing surveys. Companies want to understand consumers better, and one way they do that is by compensating survey-takers. Most surveys pay between $0.50 and $1.25, and many of them take less than 5 minutes to do. You can read our full Survey Junkie review for more info.