It’s one of the oldest and most proven ways to make money – buy low, sell high. The buy low part comes from searching garage sales, estate sales, and even thrift stores to find items that are in good condition (“gently used”) but selling well below what they would if they were brand-new. In this way, you might be able to acquire an item for $5, and later sell it for $50.
There are many who make a good living selling online. You could start by selecting things that you have around the house and list them on eBay, Craigslist or Amazon.com. Once you decide if this is something you wish to spend more time doing you can purchase things to sell. If you purchase the right products at the right price you should be able to make a good profit.
People age 55 to 64 accounted for 26% of all new entrepreneurs last year, up from 23% in 2013 and 15% in 1996, according to the Ewing Marion Kauffman Foundation. More and more people want or need to continue working into their later years and they’re saying, “I don’t mind working longer, but I want to do it on my terms,” says Michele Markey, vice-president of Kauffman FastTrac, which provides training programs for entrepreneurs.
This is an informative piece. Affiliate marketing is what I do and love so much. I’m doing what I’m passionate about. I’ve made some bucks from it in just 3 weeks of starting this business and I know I’ll do Awesome as time goes on. I started out with your number one recommendation, Wealthy Affiliate. I just don’t want to leave this community. I love it.
With apps being constantly developed, competent app developers are in high demand. Again, if you have the experience or skills to create successful apps then this could be something you could end up working on as a full-time freelancer. Check out adverts for developers on Toptal, a higher paying jobs site for experienced freelancers wanting to make money online.
If you have a good idea for an app, and the skills to create it, then producing your own premium app can be profitable. However, with so many free apps available, it may be hard to convince people to pay. If you want to go down the premium app route, consider having a basic free version to encourage people to download the app in the first place. You can then provide the option of upgrading to a premium plan once users realize how useful the app is.
Airbnb, which lets people rent out rooms in their homes to visitors, is becoming a popular way to rake in extra income for people who’ve cut back their working hours. For example, Susan Clarke, who offers chiropractic care out of her St. Paul, Minn. home three days a week, joined Airbnb last year. She rents out a large double room in her house; the side business brings in about $800 a month.
I admit this is not a sustainable source of income. Unless you can self manufacture things that you can sell. This is where the required skills in arts and crafts are so important. If you are good at making any good-looking and useful object, like a jewelry or decorative items, you can be a seller on Etsy and generate steady income. My wife buys stuff from Etsy all the time.
Holly fell into freelance writing on a whim. She submitted several pitches for guest posts and ended up landing a few clients. After roughly 6 months of freelancing on the side, she was making enough money to replace her income and work at home full-time. Now, she makes over $200,000 a year from writing alone. Not bad for a home-based business, eh?
Marketing analysts study the consumer market for their company and help the company with guided choices and strategic decisions. While analytics are a numbers game, many marketing analysts also pour over text and research to determine if it fits their market. If you’re great at organizing information, understanding statistics, and plotting out marketing strategy, the role of marketing analyst is a lucrative job option.