Good starting list! I appreciate the idea of establishing a small income stream that may compound into substantial revenue in the future. The same principal applies to investing and anyone that believes there is not work involved or that you can get rich quick with little effort is greatly mistaken. I have owned/sold several successful businesses, none of which were built over night or the easy way – long hours are mandatory for any business and you can forget about “The Hourly Value of Your Time” – that’s an employee mindset.
There are essentially two types of traffic – organic and paid. The organic traffic you get free from Google, other search engines, social media, and other websites. For paid traffic, you obviously need to pay for it. I’ve been running Google ad campaigns for the past 7+ years and Facebook ads since they were created and I can say without a doubt, it’s not easy to make money running them. There’s not some secret system to make money on Facebook ads without having an insanely awesome product or maybe a service.
The worst part? You will see swarms of morons who come and DEFEND this tactic! Fiverr refuses to even tell people why it holds their money for so long, yet you have idiots coming to Fiverr’s defense and making up reasons! I guess these people just have so much money falling out of their asses that they don’t NEED any new earnings in a timely manner… so yeah, Fiverr should definitely NOT be thought of as a way to make any type of quick cash.
Ebay is a bellwether. It's been around since nearly the start of the online boom. But, like any other platform, success can seem fleeting if you don't know what you're doing. Selling items on eBay, professionally that is, can be an art form. Getting people interested in your auctions isn't always easy, especially when there's hefty competition and low demand for what you're selling.
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If you have a few weeks to spare, and you want to try to make some side income, you definitely have the time to develop a side business. All you need to do is identify a talent that you have. This could mean refinishing furniture, freelance writing, mowing the lawn, building websites, helping a business with their social media, editing videos, or anything else you can think of. These jobs might take a few weeks to create and promote, but once you do, you could easily make thousands of dollars a year.
Today, if you're at all serious about succeeding in any endeavor, whether online or offline, you have to deliver enormous amounts of value. Yes, you have to do the most amount of work for the least initial return. This is especially true online. Why? Because it takes time to build authority and create an audience, two primary ingredients necessary to succeed in the wonderful world of commerce on the web.
I’d wanted to launch my own website since 2010, but it took me five years to find the time to actually do it. Sure, I was pretty busy between 2010 and 2015 trying to make as much money as possible and pursue financial independence. But by 2015, I had enough money in the bank to make work optional and decided to launch Millennial Money to share my story and strategies to become a millennial millionaire.