As an internet entrepreneur, you'll need your own web presence:website, blog, social media platforms, landing pages, sales pages, banner ads, or e-commerce site. But instead of selling your own products, you sell the products of other companies. You can use several of these combinations, if you like, as long as you get your marketing message to the public.
These mega-sites make it easy to set up shop so customers can browse your products, and there's no need to build your own website. Also, you’ll find a built-in search feature so that interested buyers can easily find your online storefront. Plus, you get to use the site's shopping cart. In short, you avoid a lot of the expense and hassle of setting up an independent e-commerce website.
Peer-to-peer lending is an interesting concept, because it allows individuals to secure relatively large loans without getting a bank involved. On its face, it sounds like a risky proposition, but these P2P lending sites generally have good measures in place to mitigate your risk (not to mention, you’re compensated for this risk by earning very high interest rates). In addition, you can usually invest in someone else’s loan for a small amount (e.g. $25), which reduces the risk you take for any given loan.
Thanks Howie. Also, I can’t believe you’re selling the rights to that course! It’s definitely a valuable product, although I don’t think I have the time to add it to one of my projects. Someone else would be much better equipped to take it to that next level (like Pat, as you mentioned – although I’m assuming he has too many projects on his plate at the moment).
As someone who's been immersed in a number of online industries for quite some time, I know a thing or two about what it takes to succeed in this arena. However, just like you, I started at ground zero with little knowledge, but a great deal of passion. What I learned along the way were some invaluable lessons from failure that hurt at the time, but helped immensely in the grand scheme of things.
Rent out a room on Airbnb. Living near a tourist area has its perks, including the prospect of renting out a room for a profit. With home sharing sites like Airbnb, you can rent out a room in your home – or even the entire place – for a day, a week, or longer. If you have extra space and might enjoy the company of travelers, renting out a room is great way to earn some extra money with little effort on your part. See our post, “How to Make Money as an AirBNB Host.”
The revenue sharing aspect of do-follow sites like InfoBarrel really is awesome when you think about it. When I find a long-tail keyword that I like, but that I don’t think has quite enough traffic or high enough CPC to make it worth doing a whole niche website, I can still utilize it by writing up a quick 500-word article, and I can add a simple signature pointing toward my main blog.
Multi-vendor marketplaces, like ThemeForest, can be very successful. Chose a niche and create a vendor website for it. Your marketplace could be anything, from a platform for local artists to sell their work on, to an online digital product store. Once set up, invite people in that industry to sell their products on your site. You take a percentage of their profits when items sell.
As you start regularly putting out content, you’ll hopefully start to build a bit of an audience. But to start seeing real money from YouTube you need to market your videos elsewhere. Share your channel on Twitter and Facebook. Distribute videos anywhere else you can think of. Also, interact with comments and build a community around the videos you’re making so people will share it with their friends.
Have you ever seen those roadside stands around Valentine's Day and Mother's Day? You know, the ones selling flowers and treats? Well, that could be you. As a college student, just head down to Costco and buy some flowers and holiday candy. Then, get permission to setup a stand near a busy intersection or on the side of a road. You'll double or triple your initial investment every holiday.
Keep in mind though, you don’t need a website to do sponsored content since you can also get paid if you have a lot of social media followers. My wife has a pretty big Instagram following, and she gets all kinds of sponsorships. Not only does she get paid in cash, but we get a lot of free stuff, too. We’ve received free rugs, free lights, and free carpet cleaners. She only promotes things she loves though, so this strategy works really well for her.