By Amanda McCormick Updated July 13, 2016 Working from home in pajamas is the dream of many out there trapped in the rat race....
Updated
July 13, 2016
Working
from home in pajamas is the dream of many out there trapped in the
rat race. The great news is that it's not hard to get started. Below
are some of our favorite ways to make money from home.
Find a Passive Income Stream
What's
"passive income"? It's simple -- finding a way to earn
money while you sleep, of course!
There's
a saying in the corporate world: "Don't make yourself
irreplaceable. If you can't be replaced, you can't be promoted."
As an entrepreneur, this is still true in its own way.
Let's
think of "being promoted" as earning more and working
less. You can raise your prices, but until you can remove yourself
from being directly involved in doing the work that generates the
income, there's always going to be a limit to how much you can earn,
and it can only increase very slowly.
Do Affiliate Marketing the Smart Way
Affiliate
marketing is sometimes touted as "get rich quick schemes"
by shady sites offering pyramid schemes that promise quick cash for
little effort. Make no mistake -- successful affiliate marketers put
in a lot of
effort toward building an audience and quality content that will
bring in sustainable passive income. Expect to do a lot of legwork
up front -- but if you play your cards right you can build a solid
source of revenue over time
Build a Blog on a Specialty Niche
If
you create a specialty blog that brings in a reasonable amount of
traffic, you can enjoy income on ads you place on the site.
One
good way is to craft a specialty blog with product reviews and
recommendations. Be sure to pick a topic that you enjoy and know
something about. If you can't stay passionate about the topic, that
will show, and it also won't hold your interest. Choose a narrow
enough niche to be distinctive, e.g., bands from your city,
left-handed guitarists, music for a certain kind of dancing, authors
of a certain religion, books about arts & crafts, etc.
Make Money Doing Something You Love
You
don't have to be a professional photographer to sell your photos for
money. People are constantly in need of stock photography for
websites, presentations, brochures and so on, and are willing to pay
for the right image. People generally search for images on stock
photography sites by keywords, not by photographer, so you have the
same chance as anyone else of having your image picked. Just be
careful that you don't have images of trademarked brands,
copyrighted art or people's faces that are readily identifiable
(unless you have a model release), but just about anything else is
fair game, and I promise - you'd be amazed what people need pictures
of, so don't make any assumptions. If it's a decent photo, upload
it. Some sites to get you started
include Fotolia, ShutterStock, Dreamstime,
and iStockphoto.
The great thing about this is that it's truly "set it and
forget it".
Build an Information Products Business
If
you have a knack for teaching or making complex material more
digestible, consider the field of information products.
You
can create your own webinar or ebook using low-cost tools, such as
Camtasia, YouTube, and Powerpoint. If you are interested in using
the resources of a larger company, new educational startups
like
Udemy and Skillshare allow
anyone to create and sell classes through their platform. Though
they take a small percentage of your profits, you can take advantage
of their built-in communities and marketing lists.
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