This reminded me of what I was reading last week, and the week before, and the one before that…
Seriously, it seems that there are not many good news on the horizon when it comes to the state of the economy.
Naturally, it makes sense to start looking for ways to make extra cash. Did you know that even during the great depression of the 1930s, some industries thrived? Interestingly, the entertainment industry did pretty well during that time.
1) Start an Internet Business
A lot of people seem to think that because the economy is not doing so great right now, that it would not be a great time to start an Internet business. The truth is that it’s not a great time to start any kind of business!
To me, it makes a lot of sense to start an Internet business right now because of the freedom that the Internet Lifestyle allows. If you ever lose your main source of income, you’ll always be able to rely on extra income from your Internet business.
If you don’t have anything set up at the moment, you could be missing the boat when the economy start picking up again.
2) Offer Your Services to Internet Business
If the thought of starting an Internet business doesn’t appeal to you, there’s an easy way to make extra income while staying at home: offering your services to existing online businesses.
Even in my business, I’m always looking for quality contractors for graphic design, customer service and other projects.
Ask yourself how you can be of value to other small businesses. Is there a way you could improve their systems?
By asking yourself how you can be of value, you’ll never run out of work.
Skills that you can pick that are always in demand include:
– Graphic Design
– Virtual assistance
You can sell your services through third party companies like www.elance.com, but you can also secure a job with a company that you’d like to work for.
3) Become an Affiliate
You don’t need to start an Internet Business to make extra cash online. You can sell other people’s products through affiliate programs.
All you need is a mailing list where you send some good content regularly. To build a list, I recommend placing ads on Google. Another strategy is to build a content-rich website and convert your traffic into subscribers.
Then, send out regular content-rich emails to your list, but also include some promotions for affiliate programs.
With this setup, you don’t need to create your own products, and you eliminate any need for customer service, bookkeeping and typical major business expenses. You just receive checks in the mail!
4) Write Your Own eBooks
eBooks are a great way to earn extra income online. They don’t sell automatically, but they can be repackaged in many ways. Plus, if you write a good eBook, you can always find someone to sell it for you as an affiliate, if you give them a good-enough commissions.
How do you write an eBook? Aim at writing 1000 words a day. In just 30 days you’ll have your entire eBook written! For a bigger eBook, count 60 days.
For the full-details, the best course on the subject is “How to Write and Sell Your Own eBooks in 24 Hours or Less,” available at:
5) Start selling Kindle eBooks
I recently experimented with selling Kindle eBooks. In June of this year, I made $255 in one month selling Kindle books online. In July, that amount increased to $305. Then every month it kept on increasing. Last month, I sold over $800 worth of Kindle eBooks.
I’m not planning to give up everything else that I do and only sell Kindle eBooks, as it’s not enough to make a living for now, but it’s nice to see that the demand for Kindle eBooks is definitely growing.
Now there are Kindle stores in the United States, UK, France, Spain, Italy and Germany. Plus, anyone anywhere in the world can purchase Kindle eBooks at any of those stores. If you publish a book in one store, it becomes available in all other stores in the local currency.
I did a full one-hour presentation on how to start selling Kindle eBooks.
To view it, just sign up for a one-month trial for the Do What You Love Success Group, and you’ll be able to download it from the member’s area. To get started, go to http://www.dowhatyouloveuniversity.com/new.html