Any one looking on how to rise income, without any order here four ways to make money online “Content is where I expect much of the real money will be made on the Internet, just as it was in broadcasting.” – Bill Gates
The great thing about creating content is you can express yourself creatively, dive into a topic you enjoy, and it can easily be done on the side at your own pace. Done properly, the financial rewards can be very significant. Better yet, most ways to make money online become more and more passive over time, which to me is why they are ultimately one of the best small business ideas.
While you might put in the hard work creating the content and marketing upfront, you are setting yourself up for recurring revenue that
won’t require your day-to-day attention.
1. Create a niche website
The goal of a niche website is to earn money from affiliates and display advertisements
run by Google Adwords or Facebook. Startup costs are as little as $5 per month for the hosting, and the education. Generating traffic is key to being successful.
The content can be delivered in the format you find easiest to work with, be it video, blog, or otherwise. In fact, this content can come from the book you’ve written or it can become a book. Content can be packaged in numerous ways, which is why it is so important to just start
Having created a book or niche website, a natural follow on is to put that content into a
course format. All of these small business ideas come together to and can result in abbroader approach to make money.
Online courses can build on your other content, and have higher value because they can be interactive, include multimedia, and even access to the creator (you). Online courses can be sold on your own website using a Learning Management System (LMS) or through market places like Udemy.com. Depending on the type of delivery, you can even charge monthly membership fees for recurring revenue.
3. Create a software product
If you are a software engineer, creating software that makes a company money, you need to seriously consider creating software you can sell yourself. There are countless small business ideas and opportunities for software engineers. Some of the best and most exciting entrepreneur ideas right now are coming from the software industry.
Further, some of the largest acquisitions take place in software–just be sure to protect
your ideas, patents or otherwise. Software engineering is a tough, competitive field, but
there are people making big money on the side or full-time all over the place, so why not you?
4.Write a book, self publish
Don’t knock this idea, numerous people I know make $3,000 to $20,000 per month from their books. This number, of course, has no ceiling. Source: AjiraLeo Tanzania | Finding a topic you like writing about is probably much easier than you think, and it is very enjoyable.
Apart from the revenue earned, you will have excellent content you can use in numerous other ways, you can establish yourself as an authority on a topic, and you’ll also have the ultimate business card.