I am sure that none of my colleagues who graduated from my MBA program were making 150k a year after they finished. The ones who went to finance and hedge funds are probably doing that now, but the rest of us, while better, are not nearly close to the figures. I have explored the job market and the only formula I see to reach 150, 200 a year is to become an entrepreneur or reach the C-level of the company.
Do you love getting refunds? How cool would it be to get money back on stuff you’ve already bought without having to do a thing? Paribus is a service that lets you find out if stores you’ve shopped at online owe you a refund. It’s free to sign up. Paribus connects to your email account and checks your receipts. If they find out a retailer has dropped their price they file a price adjustment claim for you. Try out Paribus.
– Project Payday is one of those sites that has testimonials of people who have earned thousands of dollars by getting paid to get trial offers. I’m not saying you’ll earn thousands, but it is legit and you can earn some extra cash. They assume that by paying you to do a free trial, you’ll either like the product and purchase it, or forget to cancel the trial and get charged for it. If you can keep track and cancel before you get charged (if you don’t want the product), then this is a great site for making some money.
Matched Betting (not available in the USA) enables you to gamble (nearly) risk-free. I say nearly as there is always room for error! It involves placing bets on all outcomes of an event, using free online bets given out by the Bookies. Although it may take a while to get your head around the concept, Matched Betting can make a substantial addition to your monthly income.
Starting a podcast, like making a YouTube channel or blog, comes down to telling interesting stories and building an engaged audience. I’m probably sounding like a broken record by now, but you need a niche that you’re interested in and there’s already a demand for. Come up with a list of topics you’d like to talk about and then search iTunes charts, Google Trends and other podcast research sites like cast.market to see what’s currently out there and popular.
It may take time to build that audience that turns views into dollars. The average revenue per 1,000 YouTube views is just over $6. But with enough videos for fans to scroll through, those views can add up over time. While you're building an audience, you could also join an affiliate program related to your channel and make money through affiliate links in your video descriptions.
Find work. When you first start out, you may have to accept work writing about a topic you don’t find all that interesting. You must keep an open mind and be willing to accept work that may not be in your desired field. However, as you continue to write, you not only learn about more topics, but you also build your reputation. With time, you can be choosier about assignments you want to accept.
As a result of so much wealth creation during the dotcom days, juxtaposed by the disconnected reality of what the media was peddling, the wealthy had no choice but to start pretending they too suffered. It’s so ingrained in people’s minds that most people lost so much money in the downturn it’s just not true. Are people stupid enough to think that everybody bought at the top and sold at the bottom? Don’t be silly.
So, where are we supposed to turn to make money the legitimate way online? This isn't just about generating passive income; this is also about finding ways and means to create an active income through the conveniences afforded to us by the internet that will not only help us with our debt obligations, but also empower us to save, invest and get really rich in the future.
There is enough material available online to help create your own website. This includes choosing the domain, templates, and the design for your website. Once ready to service the visitors with the relevant content, sign up for Google Adsense, which when appear on your website and clicked by visitors help you make money. The more the traffic you get on your website, the more will be the potential for higher earnings.
Not only will this multiply the money you’re bringing in in a serious way, but it protects you against any sudden changes in the market or in your business. Remember that old saying about putting all your eggs in one basket? A few hours a week committed to just one or two of the following opportunities will put you in a much stronger position to be financially safe and independent.
Find your niche partners, collaborators, and champions: As you’re creating your course, look for notable people who are also creating content in the space. Look att how their businesses operate and incorporate that into your own plan. You can also reach out to any influencers and make them affiliates for your own course. This way, they’ll be incentivized to share your content with their own audiences (which can be a major way to generate your first sales—it helps if you're using one of the best CRMs for small business—and start building your own community!)
2. Contact the C.A.C, Community Action Committee. The CAC pays up to $300 once per year, towards your gas or electric bills if you are a low income person, or family. Eligibility is determined annually and your household income must be at or below 30% of the Area Median Income (AMI). Be prepared for a ton of paperwork, but once you qualify, you will be so relieved. They helped my family a few years ago, and paid $300 for my Gas bill. My heating bill usually runs about $8- a month, but at one point I had gotten several months behind and I couldn't catch up. When the CAC helped me by sending the utility provider $300 all at once, I had a credit balance with the Gas Company for almost two years.
Keep in mind though, you don’t need a website to do sponsored content since you can also get paid if you have a lot of social media followers. My wife has a pretty big Instagram following, and she gets all kinds of sponsorships. Not only does she get paid in cash, but we get a lot of free stuff, too. We’ve received free rugs, free lights, and free carpet cleaners. She only promotes things she loves though, so this strategy works really well for her.