1.Write and sell books or ebooks
In the same way that you can monetize your expertise with an online course or your influence as a YouTuber, you can also earn cash selling books or ebooks online. There are a number of formats and genres, from novels to memoirs to self-help books. Try using a print-on-demand book service to print and sell books online on your own ecommerce store, or use a service like Amazon Direct Publishing to sell ebooks.
Startup time: Varies by book, but could take years to write, edit, and publish.
Effort level: Hard to start. Medium ongoing effort to market and sell the book.
Time to first payment: Depends on how and where you sell your books.
What to know:
- Grow a following for your personal brand as an author.
- Digital delivery apps can be useful if you plan to sell ebooks directly to customers on your own website.
Requirements:
- A publisher or print-on-demand service to print physical books.
- A platform for selling your book or ebook.
2. Monetize a blog
While many businesses use blogs to help drive traffic to their products, did you know that you can make money online with a blog alone? You can monetize a blog in a number of ways, including selling ads, using affiliate links, writing sponsored posts in partnership with a brand, or selling merch or custom products to an audience.
Startup time: A few hours.
Effort to start: Medium to start, but it will take a lot of effort to maintain.
Time to first payment: Varies depending on how you are monetizing your blog.
What to know:
- While blogging can be a low-investment, small business idea, it can take time to pay off.
- Use SEO practices to drive organic traffic and read about more ways to monetize a blog.
Requirements:
- A blogging platform.
- An interest or skill you want to write about—consider a topic where you can bring a unique perspective and offer value to readers.
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