Creating a video series and selling it as a digital download on your blog, much like an eBook, can be another great seller. A video course, teaching viewers a specific skill or how to achieve a particular activity, may well resonate with your audience. If you are going to go down this route then your videos need to be as professional as possible so you should consider investing in some video and lighting equipment, as well as editing software.
Research Pricing (And Set Fair Starting Prices): Before setting prices for each item, research your local Craigslist website and (if possible) nearby yard sales to get a sense of how to price them. Remember that many buyers will try to haggle – so set prices a bit higher than your bottom dollar, but not so high that you’ll scare off first bids. 10% to 15% is a good rule of thumb. Consider bunching low-value items, such as old CDs, into lots of five or 10, or offer x-for-$y deals.
Find a profitable niche: We’ve talked about this a lot. But, where are you most comfortable. What niche do your skills, values, and interests intersect? Do you have 10 years of experience as a technical writer? Do you have long-standing PR relationships that’ll be invaluable in helping startups launch a successful crowdfunding campaign? Determine what makes your value unique, and lean heavily on showcasing that strength to your potential clients.
The net operating income is the amount of money that has been made once all of the person’s expenses have been subtracted from it. For instance, in order for an author to determine his net operating income, he would have to deduct the costs involved in creating the book from the amount that he earned. Designing the book cover, editing the book, and publishing the book are all examples of these kinds of expenses.
On a warm evening in 2014, Attila Szantner, a Hungarian Web entrepreneur, and his friend Bernard Revaz, a Swiss physics researcher, sat on a balcony in Geneva and discussed the perils of video games. The medium’s greatest threat, they concluded, is not that it turns people into vicious killers, or that it dulls their communication skills, or that it sunders their minds from reality. No, the problem is that, in providing players with a sense of accomplishment, games may distract our species from genuine achievement. Who hasn’t felt a house-proud throb of satisfaction at clearing a clutter of Tetris blocks or landing a rocket ship on the moon after centuries of effort in Civilization? Like crosswords and pornography, these activities are both alluring and vacuous: they do little to meet life’s challenges on this side of the screen. But it occurred to Szantner and Revaz that the tremendous amount of time and energy that people put into games could be co-opted in the name of human progress. That year, they founded Massively Multiplayer Online Science, a company that pairs game makers with scientists. >>>
This is probably my second favourite lucrative side hustle that you can utilize if you want to learn how to make money from home. Teaching English online can actually be quite lucrative. To start, you’ll need to get TEFL certified, which is quite easy and doesn’t take too long. MyTefl has a great 120 hour course that you can do from home. Once certified, we recommend using VIPKID to land a job. This is one of the best services available online and jobs can pay as much as $22 / hour.
This is an important concept in personal finance because banks typically use this calculation to measure the affordability of a loan. In other words, does Jim make enough money to pay his existing bills and an additional loan payment? If Jim’s RI is high, his loan application will have a greater chance of being approved. If his RI is low, he will probably get rejected for the loan immediately.
It can take time to build up your personal freelance business. Yet, there is more demand than ever for freelancers. So, if you want to kick start making money online through freelancing you can join one of the top freelance networks, such as UpWork, Fiverr, Guru, Freelancer.com, or PeoplePerHour. Sign up, build your profile, upload some samples of your work and start making extra money by doing small freelance jobs.
Make the most of your spare space by listing it for short term rentals with Airbnb. If you know how to be an Airbnb host that wows their guests, you have an amazing opportunity to make money fast. By creating a wonderful experience for your guests, you’re setting yourself up for great reviews and lots of repeat guests. Check out our complete guide on getting started as an Airbnb host.