Who doesn’t want to save some money or earn a little extra income in 2018? For some this extra money can pay for another date night or it can pay their monthly car payment. This could even be the beginning of a whole new business. You could get your significant other out of the 9-5 grind. So without further ado let’s get started on lets get into some legitimate (non scammy) ways to earn money from home in 2018.
Online Business Opportunities
Selling on Amazon is a great way to earn part time money all the way up to making full time money. There are many ways you can make money on Amazon. I have the best methods (at least in my opinion) listed below:
Amazon Retail Arbitrage:
The easiest fastest way to get started making money is something called Retail Arbitrage. Or in this case since we are talking about Online opportunities Online Arbitrage. The main premise here is buying an item or items online at say Walmart or a deal site or at a site that is having a good promotion and then selling it on Amazon at a higher price.
With this method you can incorporate getting items from other sites using coupon codes or online stores that were having big sales. You order these items and then turn around and sell them on Amazon for a higher price. One thing to make sure of when doing this is that you are getting free shipping when ordering.
The shipping cost can add up and take away profits if you don’t get free shipping. There are many people using this method to make a few hundred bucks a month all the way up to $10,000 plus a month. Some great resources for learning more about this are:
- The Selling Family has a great blog with tons of information along with a course on Online Arbitrage
- Chris Green also has a great book on Online Arbitrage on Amazon
Now on to the next Amazon opportunity
Amazon Private Labeling
My guess is that most people don’t realize when shopping on Amazon that they are actually buying from individual companies other than Amazon. There are thousands of companies, brands, partners and individuals selling on Amazon using the private label model.
With the private label model you will be finding products made by wholesale companies that make these items in bulk. You will then be buying these products from them and then putting your own brand / label on the product.
A lot of the time with this method you will be ordering from China using a middle man. Don’t let this scare you though. Companies like Aliexpress.com and Alibaba.com make this process pretty easy.
Alibaba.com is a huge resource to find wholesalers. With Alibaba you generally have to buy a larger minimum order than you would with Aliexpress. But since you will be buying more you will get a much better price. With Aliexpress you can buy less quantity but you will pay a little more than on Alibaba but generally its still way lower than stuff you find in the US.
I find that Aliexpress is a great way to find and test items. If they sell well then you would order more from Alibaba and pay less.
A great resource for this model is:
- Proven Amazon Course – this is one of the best courses out there – with this you get all access to every course from the past and even the new ones that come out in the future and the price is very reasonable compared to a lot of the other courses on the market
If the idea of going through China scares you – don’t fear there are Easy ways to private label. And that is through using US wholesale suppliers.
When using US Suppliers you may have to spend a little more however it can be easier and cheaper to get inventory. Plus you will be able to purchase less inventory to test before putting that big upfront deposit down not knowing whether it will sell or not. You will also have the confidence that you are working with someone in the United States.
A great resource for this is a Private Label The Easy Way. This class is awesome and they break it down so its super easy to get started. They teach how to find a product that you want to sell and then how to find wholesalers and get it listed on Amazon
Now to move away from Amazon.
Starting an Ecommerce Store
Another way to earn money online is to start an eCommerce store. This is a little more work than using Amazon as your store front. It involves having your own website and having products you can sell on the website.
With your own eCommerce site you can sell the same type of private label products as mentioned above in the Amazon section. This method has pros and cons as all of them do.
Pros of eCommerce store – you own the store the products and the customers who visit and buy from your store.
The Main Con – With Amazon the traffic is already there – and with your own site you need to find a way to get people to visit your site
Instead of using Amazons storefront you will need to build your own (or have someone help you build one). Luckily there are some easy options out there that won’t take too much time to learn. The three I recommend are:
- Shopfiy (you can get a free 14 day trial here if you want to check it out – you will have to enter your credit card but you wont be charged if you cancel before the 14 days.)
- Woocommerce – this is a theme that is built on top of WordPress – so you will need your own domain and a hosting account and then wordpress installed but there are free woocommerce themes you can use that work great.
- Clickfunnels – Among other things this lets your set up a quick sales funnel where you can test single products quickly. You can get a free 14 day trial here
Selling T-Shirts online
Another option of earning money from home is to sell T-shirts online. Selling T-shirts can bring in a nice extra profit. With T-shirts you dont have actually make or ship the shirts.
There are companies such as T-Spring which is a stand alone T-shirt selling platform or Custom Cat which integrates with WooCommerce or Shopify as mentioned earlier or one of the new popular ways to sell T-shirts is Merch by Amazon.
This is similar to Selling private label on amazon but its a completely different program. But again like other programs on Amazon the traffic is already there for you to put your products or T-shirts in front of. With the other platforms you have to bring traffic in one way or the other.
The best way to sell T-shirts is to come up with trending fads or sayings and design them into your shirt. I highly recommend the below two things if you want to explore this idea further
- Chris Green -Merch by Amazon – is the master of online arbitrage and Merch
- Justin Cener – Justin offers a lot of free webinars with very good detail on how to get started – he also offers courses where he quickens the learning curve for those that want to dive in deeper.
Next we move away from retail and into blogging. And Yes you can still make money blogging.
With blogging you can start on free platforms such as blogger but if you are going to take this serious I highly recommend getting your base foundation in place such as domain name and hosting as opposed to using free blog platforms such as blogger.com or wordpress.com
When you have your own domain name and hosting account you own your name/brand and the platform that is is running on.
So you will start by narrowing down the niche you are interested in. When thinking of niches a good place to start is with the things you are most interested in. The things you find yourself doing Saturday morning when you are watching tv or looking things up online.
Come up with a name brand and you can use tools like BustaName.com to help come up with domain names if you are not sure what to do.
Then you will purchase your domain through a company like GoDaddy.com or Namecheap.com and get yourself a hosting provider such as Hostgator. Then you will install WordPress and you will be off to the races.
With Blogging and earning money there are a few ways to do this. You can make money with Advertising. The more visitors you are drawing into your site the more you can make. There are a lot of different advertising networks you can use with adsense being one of the most popular ones.
You can make money through affiliate programs related to your niche. For example if your blogging about cooking and you know of a good cook book that has helped you and you would recommend to your friends you can be an affiliate and get a commission for when someone sees your recommendation. You could sign up with the Amazon Affiliate program and then write a review on your blog and send them to the URL you get from Amazon to that book.
If someone goes from your site to that book and purchases it on Amazon you will make a commission.
Amazon is one of the lower paying commissions there is so you will want do more research on things that you would want to promote.
There are a lot of programs out there. So the best way to go about doing something like this is think of the items you use and like related to your niche and see if they have an affiliate program available. Go to Google and type in the website or product followed by affiliate program – this will quickly show you if they have this. Or you can find the contact us page and email and ask. Its a win win win for you, your customer and the manufacturer of the product.
Some blogging resources and courses I recommend if you want to do further research are:
- Ruth Soukup
- Making Sense of Cents