This Guest Post was contributed by Anna Bailey from – www.CreditDonkey.com
Becoming and Internet Entrepreneur isn’t for everyone. While being your own boss sounds great to almost everyone at some time in their lives, the truth is that being an entrepreneur is hard work. You have to motivate yourself to work, and you have to deal with tricky financial issues like paying self-employment taxes. However, don’t let this discourage you if you really have a dream of being an Internet Entrepreneur.
There are tons of opportunities out there for making money online. Some are just part-time for extra income, but plenty of people make their entire living off of the internet. It’s certainly not impossible if you have the right opportunities. If you’re ready to become an internet entrepreneur but aren’t yet sure how to go about it, here are 10 ideas to get you started.
1. Become a Freelancer
These days, opportunities for freelance workers are greater than ever before. As businesses try to cut back on their expenses, one of the best ways for them to do that is to hire freelancers. They don’t take up office space, and they don’t require benefits or paid time off. So even if a freelancer’s hourly or per-project rate is higher than what a business would pay an employee, the business is still saving money.
When people say freelancer, they often automatically assume that the freelancer is a writer. This is often the case, but not always. On websites like Elance.com, you can actually find freelance jobs for everything from web writing to editing to web design to translation to consulting. If you already have the skills to do these jobs, you can certainly make a good living by freelancing if you just start small and build up a great reputation and client base.
2. Create an Information-Based Website
Many people who make the most money online are what are known as Infopreneurs. They aren’t out there selling products or services. They’re just providing information. Many of the websites you use every day, in fact, are probably put together by people who are just out on the web providing information.
So how do they make money if they aren’t really selling anything? Mainly through ads. This is why websites are often plastered with Google ads and a few larger color ads. Every time someone clicks on these ads, the website’s owner gets money from the advertiser. Even though payments are generally in cents instead of dollars, you can still make quite a bit of money with a website that draws lots of visitors.
3. Make and Sell e-Products
e-Products are things like podcasts and e-books that people buy to learn about different things. If you already have expertise in a certain area and think other people would want to know about that, you can create e-products to sell. Think about businesses you’ve been a part of or hobbies you’ve worked on for a while, and you can probably think of a topic around which to center an e-product.
To sell these products, you can get other people to sell them for an affiliate fee, or you can use networks like Clickbank to sell them for you. Another option is to use an information-based website to actually sell your product, which allows you to get revenue from both ads on the site and your own products.
4. Sell Items on eBay
This type of internet entrepreneurship involves more out-of-the-home work than other types, since you aren’t strictly working with online based products. However, if you like finding great bargains at garage sales and on Craigslist, this might be a great option for you. Many people will go to garage sales and estate sales all the time. There, they pick up items that they know they can sell for more on eBay.
This can work well if you know about specific niches like antiques or name brand clothing. Research what items are going for on eBay, and make sure you’re making money on at least most of the items you buy. You may be surprised how fun and interesting this type of internet entrepreneurship can be.
5. Sell Your Own Arts and Crafts
If you already have a crafty hobby that you’re great at, you can sell your arts and crafts online. Sites like Etsy.com promote handmade items from sellers around the world. Because handmade, unique items are becoming popular in every category from home artwork to wedding paraphernalia to children’s clothes, most crafts can be successfully sold online.
This is a pretty competitive niche, so you’ve got to have a great product and be willing to keep dumping profits back into your business for a while. Successful Etsy sellers, though, do nothing but sell their products and make a full-time living doing what they love!
6. Check Out Online Surveys
If you just want to make a bit of extra cash online in your spare time, start answering surveys. There are lots of companies out there that will pay you to help them research products and services by taking surveys. You can make anywhere from a buck to five or ten dollars per survey.
One thing to think about with this is that you should never pay to join a survey site. There are lots of free places you can sign up to get into surveys, including Cash Crate. Once you sign up, they’ll just send you certain surveys, and you’ll normally get paid through a service like PayPal.
7. Become a Consultant
Consulting businesses are similar to freelancing businesses. Instead of providing services or products, though, these businesses are actually providing expertise. If you’ve got plenty of knowledge and experience in industries like engineering or technology, you could make a great deal of money as a consultant. Companies who need engineering knowledge, for instance, but who can’t afford to hire a full-time engineer may call you once in a while to ask for your advice or input.
Becoming a consultant requires that you have lots of industry experience and knowledge. You’ll also probably want to spend time networking to pick up jobs, and you’ll want to design or have someone else design a website for you so that people can easily find you online.
8. Be a Virtual Assistant
Again, virtual assistants are similar to freelancers, but their services are a bit different. If you have experience or training as an executive or administrative assistant, you can use your services to create your own freelancing business. You’ll need to be organized, and you’ll likely work with more than one client. However, if you’ve already got the training, this can be a great way to get started.
Check out places like Elance.com and VirtualAssistantStartup to figure out how to get started as a virtual assistant. This can be a great work from home job for part-time or full-time income.
9. Become an Affiliate Marketer
Affiliate marketing is another way for a blog or website to make money. As an affiliate marketer, you basically promote the products or services of another company or individual. Each time someone buys or fills out a form to seriously consider those products or services, you’ll get paid.
Affiliate marketing with sites like Amazon is pretty easy, since you can just advertise their products on your website. For instance, if you had a website about planning birthday parties, you could suggest certain products that your readers might like for a themed birthday party. If they ordered those products, you’d get a cut of the profits or a set price, depending on the arrangement. To be a successful affiliate marketer, though, you first have to have a blog or website that’s drawing-in at least some traffic!
10. Start an e-commerce Site
If you already have some commercial business experience, you could put it to work with an e-commerce site. Basically, you’ll buy popular items wholesale and drive traffic to your site so you can sell those products at retail. If you don’t have a ton of space to store items, you can pay for a drop shipping service, which can store and ship items for you.
An e-commerce site is only successful if you get traffic to your website, so having an informational, good-looking website is very important here. Once you get it going, though, an e-commerce website can be a great way to make a full-time income on a part-time work schedule.
Mastermind: Which Internet Entrepreneur category do you fall under or which appeals more to you? If you’re category is not listed, can you share more about your Industry and what makes it special?