"In the words of Simon Sinek, 'always start with why,'" said Glenn Gutek, CEO of Awake Consulting and Coaching. "It is good to know why you are launching your business. In this process, it may be wise to differentiate between [whether] the business serves a personal why or a marketplace why. When your why is focused on meeting a need in the marketplace, the scope of your business will always be larger than a business that is designed to serve a personal need."
If you want to help shape digital products in their early stages, joining an online focus group or answering survey questions is a great way to make extra money online. They don’t pay as much as some of the other options we’ve highlighted, but you can join groups on sites like Survey Junkie, Swagbucks, and IPSOS that pay out through Amazon gift cards, check, or PayPal. You’ll be asked to provide a bit of information about your demographics (age, location, etc…), but after that you can get going making money through surveys.
Join a startup accelerator: Another great option is to apply to a startup accelerator like Y Combinator, 500 startups, or TechStars, where a group of investors will help coach you, connect you with potential partners, and provide startup cash in return for a small stake in your company. The competition is tough to get into these, so don’t rely on them as your only path forward.
Take it seriously. Yes, you’re applying for an online job. Yes, you can do the work in your underwear, but that doesn’t mean it’s not a “real job”. You must treat it as such or they aren’t going to treat you as a serious candidate. You aren’t the only one who wants to work in their underwear. In fact, the competition online is likely higher than it is in your local area.
I think this is terrific. I know that one of the biggest reasons people fail to make it work with starting a business online is the lack of knowledge of how to get started, or the lack of knowledge of how to market their business online with real proven techniques that drive traffic, and provide new and real leads for new membership or product sales. I have found that starting a business online can be the best option from an overhead standpoint, and definitely is the best bet as far as leveraging your exposure. i came across a tremendous opportunity that provides excellent support and a true one step approach to setting up your own profitable business that can, and will generate amazing profits with the right attention and effort to insure it’s success.
I’ve looked into this myself when I have had time and still researching when I have time but thought I would share what I’ve learned so far. The requirements for selling food/baked goods vary from state to state, where I live most edible items that are being sold need to be first baked/cooked in a professional kitchen. The key is to search requirements for selling baked goods in (your state).
Besides offering a low credit option, National Funding stands out as a big long-term value add for small business owners. After working together, your credit will improve and you may transition to a term loan up to $500,000 or equipment financing up to $150,000. These are both expected to have lower rates than an MCA but, unlike the other providers, National Funding does not disclose the rates for these loans upfront.
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.
2. InboxDollars – InboxDollars is similar to Swagbucks, since you’re going to be taking surveys, shopping, etc., so if you want to maximize your return, sign up with both websites. They also offer a search engine that pays you (like Swagbucks) and you get $5 just for signing up. I won’t continue to list survey sites one after another down the list, but if you want to get paid to take surveys, also check out GlobalTestMarket, E-Poll Surveys and Survey Club.
Get a credit line. It is not uncommon for most startup businesses to rely on a line of credit. The American Express Plum Card, for example, offers a 60-day term for payment rather than a typical 30-day term. Some banks or credit institutions offer credit designed to allow growth in the early stages of business. A word of caution: to keep from getting bogged down in debt when you are trying to expand a business, keep purchases to a minimum.
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.