9. Start a blog
Blogs are quite possibly one of the best ways to earn a passive income, even while traveling the world. While starting a blog might be simple, and making money from home is definitely possible, you will need to put in the work and the effort in order to reap the benefits. Plant the seeds now to enjoy the harvest later.
However, once that blog gets going, generating an income and scaling out your business is straightforward. Simply produce more content and line up more offers. As your blog grows in popularity, you’ll also be able to attract top talent willing to write for you simply in exchange for one very powerful link back to their own websites.
10. Build a side hustle business
There are plenty of ideas for lucrative side hustle businesses that you could easily start from the comfort of your own home. While starting them is easy, actually putting in the work to market and grow those businesses is a bit more challenging. The hard part is seeing them through.
What types of businesses work best? Find one in any of the following highly-profitable three industries: make money online, diet and fitness or relationship and dating. Any business targeted to one of these industries can reap the benefits of massive consumer spending occurring every single day. While you can certainly sell products for other companies as an affiliate, creating your own, also presents significant upside.
While you could launch a regular business selling someone else’s products, you could also invent your own product, like billionaire fitness pioneer, Howard Panes who teamed up with Ab Roller creator, Don Brown to create the Stealth, a fitness system that gamifies core workouts. While businesses based on inventions might seem more complex to create, they do present attractive investment opportunities as depicted on popular shows like billionaire, Mark Cuban, and Daymond John’s, Shark Tank.
11. Create webinars
I’ve become obsessed with the webinar medium for selling. Building out automated webinars is one of the most useful skills you could possibly have. People like Jason Fladlien, the world’s most successful webinar guru who’s done of $100 million in sales through webinars by only selling other people’s products and not his own.
Webinars follow a specific template and format. They’re formulaic. If you can master that formula, you can quite literally dominate in this space. Find a great business idea or opportunity that you can sell that delivers massive amounts of value.
12. Social media management
Social media management is a great way to generate an income from home. Considering the expansion of social media, businesses are clamoring to find their way in front of prospects. However, most businesses haven’t got a clue about how they can increase their exposure. That’s where you come in.
Building a social media management business might take some effort and time, but it’s well worth it. You could charge a sizable monthly fee for each business to help manage their social media, allowing you to earn a full-time income doing this gig.
Liz Benny, the founder of Jinga Social, not only built one of the largest and most well-known social media management businesses out there, but also created multiple seven-figure webinars teaching people, you guessed it, how to launch your own social media management company.
13. Trade options
Trading options might seem risky if you have very little capital to spare. But it’s also a great way to enter into a market that would otherwise cost you an arm and a leg if you were to buy the stocks at full price. With options, you can participate in the movement of a stock without having to put up all the money to actually buy that stock. For example, if Amazon costs $1000 a share, buying a 1,000 shares will cost $1 million. But, 10 call options at $10 each (with each option representing 100 shares of stock) costs $10,000.
There are many platforms you could use to trade options such as Etrade, ScottTrade, amongst countless more. However, only a select few like John Carter’s SimplerTrading, will actually will provide you with the right data set to trigger your trades at the right time by sending you push alerts.
According to Carter, who’s company provides coaching trading guidance to over 350,000 customers around the world, one of the best ways you can actually make money in options is to buy at the money calls 15 days before earnings are released and them the day before earnings are released. The excitement and anticipation around earnings typically drives up the price providing consistent winners, while holding through earnings is pretty much a crapshoot.
14. Affiliate marketing
Affiliate marketing presents a very low friction entry into selling products online. While you do need some type of audience to sell these products or services to, you could make a significant amount of money from home while doing it. Some products or services have very high earnings per click. That means, if you play your cards right, you could easily make a large profit on conversions by driving traffic to specific offers as long as you target the right interests.
You can find affiliate marketing offers on sites like ClickBank, CJ.com and Rakuten LinkShare, amongst many others. Search for the right offer and ensure that you present it to the right audience and don’t spam people about it. Do your marketing ethically. If you’re looking for more information on effective affiliate marketing, check out Pat Flynn’s Smart Passive Income website.
15. Create online courses
One of my absolute favorite ways to make extra money from home is to create online courses. Now, this does take an upfront investment of time. But, as any other passive income generating activity, you do the work once and get paid repeatedly for it.
Take whatever skill you have and find a way to build a course around it. Use sites like Udemy, Ankur Nagpal’s, Teachable or Jonathan Cronstedt’s Kajabi to build those courses then begin marketing. You could also use ClickFunnels to create the entire membership course with all its functionality in one place.
Disclosure: This post contains affiliate links. By checking out this featured content, you help us bring you more ways to save!
Featured photo credit via unknown