8 Money-Making Ideas You Can Try

One of the timeless search queries that you can encounter is “making money.” With consumer demands growing on a yearly basis, professional hustlers will always find ways to generate income. If you are looking for your own personal gold mine, it pays to juggle a couple of money-making ideas.

So without further ado, here are some money-making ideas you can try:

Freelance Services 

It’s undeniable that freelancing is here to stay. About 10 years ago, this field is like a small blip on the radar and barely noticeable. With the boom of cyberspace, freelancing has turned into a realm of countless possibilities and one of the most promising money-making ideas.

You just need a working computer, laptop, and a hi-speed Internet connection to become a freelancer. Do not pick low-speed Internet – save yourself from headaches!

After securing the basics, you should assess your personal skills, working experience, and general capabilities. Perhaps you know how to tinker with online editing tools or you can write like a real pro. Focus on your primary skillsets so that you won’t get confused.

Some popular freelance services:

  • Data entry
  • Virtual assistance
  • Content writing
  • Research
  • Graphics Design
  • Annotation
  • Transcription
  • Community management
  • Lead generation

Take note that you can improve any of these relevant skills. Through dedication and hard work, you will become a specialist. Now, you can charge more!

Affiliate Marketing 

Do you love hard work? Do you love writing and sharing information about awesome products? Then perhaps affiliate marketing is one of many possible money-making ideas! Some people will say that affiliate marketing is easy, while others will rant about the hard work behind it. Well, these groups of people are both correct!

Easy side – Getting into affiliate marketing requires no upfront monetary cost. However, you have to pay through “sweat equity” and utility bills. There are dozens of reliable affiliate marketing platforms that you can trust. Simply find one and register.

Hard side – The hard thing about affiliate marketing is growing. If you don’t have a website (paid, not free), it will take time before you can see the money rolling. Plus, you may need to build site content because posting affiliate links blindly can get you on the bad side of Google.

Before partaking on this journey, it’s wise to seek the help of a licensed moneylender in Singapore like Cash Mart. A reputed money lender can get you the loan needed to jumpstart your affiliate marketing site.

Direct Selling

If you love sales, then the path of direct selling is meant for you. Don’t listen to naysayers who think that direct selling is dead! Navigating the direct selling industry is harder now, but you can keep up with proper research and legwork.

The first step is to find the most reliable direct selling company in your location. There are thousands of products that you can sell. Most are useless, some are moderately useful, and a select few have the potential to make you rich.

Second, you need a battle plan. You have to know your prospective buyer and build a solid friendship with him or her. This will take many meetings, gatherings, and activities. Obviously, this part will require money. If you managed to close the deal, then you will possibly recoup your losses.

One advantage of being a direct seller is company benefits. Each company has a ladderized scheme that rewards its distributors. These benefits are worth your time and attention!

Item Flipping

Every item that you can think of has an inherent value. It’s just that some items are worth more than others or worthless. As an item flipper, your goal is to raise the value of an item and sell it at a higher markup price. Lucrative and old-fashioned – these are the two characteristics of any item flipping venture.

You need to have a small startup capital for item flipping. In this case, you should consider checking out licensed moneylenders lists. Once you’ve secured a loan, you can now start looking for a low-value item and resell it for profit.

Online Surveys

In a highly progressive and tech-driven world, data is king. One of the most effective ways of collecting data is through surveys. Hundreds of companies run online surveys for their target demographics and they need your help.

Online surveys won’t make you rich, but they can generate continuous income over time. Do not rely on one survey platform. Instead, you should learn how to adapt and be on the hunt for different platforms and survey sites. Dig deep, and you might hit a survey gold mine.

DIY & Crafts

If you are skilled in DIY and crafting, then you should monetize it as soon as you can! Create a popular product, sprinkle it with your creativity, and sell it to your friends.

Marketing is the real challenge of DIY & crafts selling. You can try putting up a Facebook page for your small DIY business and grow it from there. FB Ads can help because they will bring you closer to your target market. Be careful – FB Ads tend to be costly!

Continue to make unique, high-value products and you will soon earn the rewards!

Sell Reports & Data 

As mentioned above, data is indeed king. Through data mining, many people became rich in a matter of years. This 2019, data will even become more crucial. It’s tempting to enter this field, but there are some factors to consider.

The Skill – Data mining is more of a skill than a service. You need to know how to sort hundreds, if not thousands, of data entries in a short time frame. Try checking out the data mining courses offered in Udemy or Coursera.

The Tool – Once you’ve learned the skill, you need the tool. There are free data mining tools that you can use, but most are paid. Some tools might cost a fortune, but they are worth the stretch.

If you can strike a fine balance between these factors, then you will earn a potentially huge income through data mining. It’s either you can find a high-income data mining job or you can sell bulk data reports to direct clients. Your call!

Create Market Funnels

One skill or service that seems underestimated is market funnel creation. This will be a big hit for 2019 and beyond because of the rapid changes in marketing landscapes. Basically, a funnel is a strategic report which details how your client will make money through sales letters, advertising, and email marketing.

Learning market funnel tools and CRM platforms will raise your potential income as a market funnel strategist. So, do not hesitate to research, learn, and test what you’ve learned!

Final Notes

Every year, the amount of money-making ideas changes progressively. One approach may be less effective now, and another will rake in the big bucks. It’s all about versatility! So if you want to hit it big this year, don’t hesitate to get your creative engine running.

Dragan Sutevski

Posted by Dragan Sutevski

Dragan Sutevski is a founder and CEO of Sutevski Consulting, creating business excellence through innovative thinking. Get more from Dragan on Twitter. Contact Dragan