Plus, podcasts don’t need to run every day (once a week is best) and are better when they’re short. There are a number of ways to make money from a podcast. The most obvious is commercial sponsorship, but you can also use it as a platform to advertise your own products or services.
Do you know how to do web and content development? You can offer these services to anyone via online tools that make developing beautiful websites a snap. Some resources include WordPress, Weebly and Joomla. With translation, you can work from home or anywhere. Getty Do you speak another language? Anywhere you find expat communities—and where English is not the first language—you’ll find a need for interpreting and translation services.
You’ll find a number of resources for being a translator or an interpreter here; one of the best is Welocalize, which ranked at the top of this list of the top 20 companies for remote jobs in 2020. Have you heard of drop-shipping? It’s a method of retail where the seller doesn’t actually have a physical inventory.
“This means you’ll never have to fork over a single dime to store your products or maintain your inventory,” advises International Living. “And you’ll never have to buy products in bulk, hoping to sell enough to recoup your investment.” This method can be done with online selling platforms like eBay or Amazon.
“Establishing your own tutoring service can be a lucrative business that provides you with a comfortable and flexible lifestyle,” advises International Living. “The best part of all, you can set up a tutoring business in almost any country in the world.” A tip: Offer discounts to clients who promote your business.
The site Tutors. com has a list of the best online tutoring jobs, and you can also apply to be a tutor at Tutorme. com. Proofreading is another lucrative online career. “Most agencies will pay around 25% of the price of a translated document to a proofreader,” advises International Living.
So proofing the same document—which takes about an hour—pays out about $18 to $20.” You can work full time, part-time or around-the-clock. Mediabistro—a site that offers resources for media professionals—has tips on how to become a proofreader. Are you a fast typist? Consider being a transcriber. Getty Are you a fast typist? Transcribing is simple: Listen to an audio file through headphones and type it out.
“Transcription jobs are paid by the audio hour (the length of the audio file), rather than by the hour worked. The time spent on a transcript is influenced by the audio quality, background noise, the accent of the speaker and the speed at which people speak.” The average transcriber—typing between 75 and 100 words per minute—will complete one audio hour in four hours worked.
com, which hires freelance transcribers. Do you have an area of expertise? Share your advice on a blog. If travel is your area of expertise, think about what you have to offer: Are you an expert in luxury travel or budget travel? Can you share advice about certain activities like hiking or shopping? “The more specific you get, the easier it’ll be to attract an engaged audience and to earn money with your site,” advises International Living.
The e-book business is a great way to earn money. You can create your own (Kindle has a guide for how to do it). Or find a book that’s already been published in print and license it to publish online. You can pay the author 8-15% royalties based on net sales or a one-time payment for the online publishing rights.
It’s a great way to create passive income because people will pay for the info and can go at their own pace or post questions related to the course in a dedicated group. Here’s one resource for creating and selling online courses: LearnWorlds, which makes it possible for anyone to profit from their knowledge and experience by creating an online program.
Getty “Life coaching is a thought-provoking and creative process that helps people focus on both personal and professional goals,” advises International Living. “People use life coaching to overcome fears, boost their self-confidence, create goals and instill success-oriented habits.” You can find thousands of online training programs on how to be a life coach, and many certification programs offer an entire website setup once training is completed.
Read this story about a travel writer who became a travel coach. “Audiobooks are an increasingly popular form of entertainment. The convenience factor of smartphones has led to an industry boom,” advises International Living. “That’s creating a demand for freelance narrators.” This site has advice on learning how to become an audiobook narrator.