PROFITABLE ONLINE SIDE HUSTLES

Fiverr

If the typical 9-5 doesn’t fit your lifestyle and you have a marketable skill, or talent, Fiverr is the platform for you as it connects employers with freelance workers across a plethora of industries. From graphic designers and music producers to data entry and virtual assistants, Fiverr pretty much has it all available at the click of button. You choose which jobs to take and whether or not to ‘clock in’ so profitability is based on your performance. The job listings start at a measly $5 and increase typically based on the feedback and ratings received. Fiverr allows the seller to create their own prices so perceived value also plays a toll in price analysis. Much like any marketplace, freelancers provide details of their services and previews from previous jobs an employer will use as a base expectation. Consistency and professionalism are necessary for success because with the cheap entry prices, competition is rampant. Click here & get up to $100 by signing up today!

GoTranscript

Of all the companies on the list, I’m sure you have an idea of what this venture entails. GoTranscript is for those with a knack for typing…with a keyboard, not texting. In this line of work, the only mandatory components to make a profit are a computer and an internet connection. As a freelance transcriber, you choose which jobs you would like to accept based on what needs transcription and the duration time until deadline. In this line of work, accuracy and timeliness are the keys to success because better paying opportunities become available as positive feedback increases. The snowball effect is very much in place because those same ratings provide employer security and peace of mind. In order to compete, you must start low and build a reputation for quality work then more profits will follow inevitably. At present, GoTranscript starts pay up to $.60 per audio/video minute transcribed with potential earnings up to $1,215 per month. All earnings are divvied out via PayPal and Payoneer.

Social Media

Social media is mostly used for entertainment and communication, but is also a great revenue stream if properly utilized. Popularity on social media represents a marketing platform because the more popular accounts have a stronger voice than the lesser followed. What I mean is accounts with considerably more followers have a high probability of having their content seen by more people. Partnering with other businesses, especially those you spend large sums of money with and are a proud customer, can lead to kickbacks based on affiliation for promotional purposes. Businesses may pay directly in cash, indirectly provide free merchandise, or both for the ad space on your platform. Twitter and YouTube are notorious for this style of marketing.

Amazon FBA

Amazon has created a way to become a vendor on their platform for those interested in entering the e-commerce industry. Very cleverly, FBA represents ‘Fulfillment By Amazon’. With their business model, vendors essentially have become a one-man Walmart, but aren’t responsible for the annoying, labor intensive portions of order fulfillment. Amazon does everything. Buy a product in bulk (Alibaba, eBay, etc.), or be it a personal invention, then ship it to Amazon’s fulfillment center and create a listing for shoppers to make purchases in your store. If you decide to purchase and customize generic products in bulk for resale then you have now indulged in private labeling, which makes up majority of the sellers on Amazon by the way. Like anything else, learn and take it slow before dumping piles of capital into a failing investment from the start.

Stock Market

Accessibility to the stock market has grown exponentially with the widespread acceptance of mobile devices and the internet. Stock trading can be financial investments for long term purchases while also providing means to a secondary income. I’m lazy so passivity makes this the best option for wealth because there aren’t many ways to make money legally while not trading time and manual labor. The theme here is let your stock-owned company maintain the daily business operations while you do whatever you want! I’m long AAPL because their products are popular, superior quality, and the company stands by an ethical business code. These characteristics are a few answers to the background check you must perform before investing in any company that just looks good. Beware, the lack of research and oversight into where your money is placed may lead to negative returns on investments. Click to create a free Robinhood account and receive 1 stock upon sign up with our referral!

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