Storage. Depending on how big your business gets, you’ll need ample room to store the books. You can’t get lazy or disorganized about it, either. You have to keep the books in good condition, and you need to be able to find them when someone wants them. For instance, if you list a book in “like new” condition, and then the pages get smashed during storage, you’ll be in a bind if someone places an order before you realize what happened.
Of course you want affiliates with high commissions, but they should also have a solid reputation with high conversions and low reversal rates (you get $0 if people cancel after signing up). If they’re part of an affiliate marketplace like ShareASale or ClickBank you can see some numbers there. Companies likes Amazon/SiteGround are safe bets, otherwise do your research (or track your affiliate links so you can monitor their performance). Avoid affiliates offering huge commissions since this probably means they’re struggling to acquire/retain customers naturally. This will hurt your numbers (specifically your conversions/reversal rates).
Your website is essentially your shop. Without it, you will have nothing to attract potential customers. The free membership gives you two free hosted websites that can be built in less than a minute. If you decide to go for the premium membership, you get a more comprehensive list of tools to manage up to 50 websites. All this stuff is explained in lesson 4 of the training.
(As an example, this still happens, even now: Just recently, I spent 4 months working on a business idea with my team, spending a huge amount of time and money, until we ultimately concluded it wasn’t worth it. We shelved it away and I wrote an email to the team, telling them, “We can’t figure out how to make this work. We’ll re-look at it in 2 years.”)
These endeavors aren’t without traps and challenges, though, so before we take a look at some legitimate ways to make money from your home, let’s review a few things that you should avoid. Unfortunately, if you want to earn an honest living from home, you’re also a common target of scammers, especially in these economically tough times. But if you keep these simple rules in mind, you won’t become a victim of one of the many work from home scams.
I recently stumbled on the Trim app and I have to say, this one is a game changer. It’s a simple app that acts as your own personal financial manager. Once you link your bank to the app, Trim analyzes your spending, finds subscriptions you need to cancel, negotiates your Comcast bill, finds you better car insurance, and more. And of course, the app is free! My bet is that it will only take a few days for Trim to put an extra $100 in your pocket. So easy!
I would probably rely mostly on Amazon as an affiliate – talk about products you use while using an affiliate link. You don’t necessarily have to focus your entire content on reviewing products, just mention them in your articles and your experience with them – how they helped you. Amazon is good for obvious reasons – super high conversions and most products already have lots of reviews which is very valuable as an affiliate.
This is slightly different than eBay Arbitrage. Find a distributor that will sell to you at their discounted prices. List these items online. Buy and ship to your heart’s content. Basically, you become a reseller of computers and other hardware. Another thought here is to sell computer parts. Can you find a part that seems to be in demand? If you can supply the demand, you may just have yourself a part-time business.
26. Services – You can offer a paid service, such as life coaching, blog coaching, goal setting or financial planning. Just be sure to investigate all the legal implications and make sure you’re not claiming to be a professional if you’re not one. With a service like this, you’re basically using your blog to sell yourself. You’ll need to convince people that you’re worth buying and then be able to back up your claims once they purchase your service.
If you’re looking for a low-risk, high interest-earning cash account, Wealthfront Cash, currently offers a 2.51% APY at nearly 25 times the national average (most savings accounts average a 0.10% APY). Grow your rainy day fund with no fees. It comes with unlimited transfers and costs only one dollar to set up. Link your bank account and start saving.
@dasjung It sounds like you paid a lot for your education, as did I. But you got to face it, today’s technology allows the average Joe to accomplish a comparable logo with much less effort than you or I could put into it, and the savings outweighs the extra benefit of our knowledge. We, as designers, have been out done. It is time to go back to school, unfortunately…