Real estate can be tricky as housing prices don’t always go up. We’ve also seen a major real estate market crash happen in our lifetime. However, the money you make from owning several rental properties can be enough to help you live a comfortable life. This business opportunity is too good to pass up. As the properties get paid off by the renters, you can choose to sell the properties if the value has gone up. To save on taxes, you can also reinvest the money earned into buying a bigger property such as a duplex or condo.
I have another to add to your list that’s almost as easy to do as going for a daily walk! Clean up litter outside commercial properties for property management companies. The work is done on foot using simple hand tools. I started this as a side gig in 1981 and grew it into a profitable full-time business that I continue to operate today. I share my experience in my book, Cleanlots, and offer free support.
Do you love woodworking? Even without a huge workshop, you can create some of the more popular crafts and sell them. And like most things, your success in business isn’t necessarily related to how skilled you are as a woodworker. So if you can figure out which products consumers want and just create those, you could have a good business plan. Etsy.com and farmers’ markets are a great place to start selling.
Recent figures from the Small Business Administration (SBA) show that total private employment dropped by 15 percent once COVID-19 was declared an emergency on March 13, 2020, yet employment at small businesses saw a higher rate of decline at 17 percent. The unemployment rate keeps fluctuating as the pandemic runs its course, but it’s likely the job market will be slow for a while.
Start a business designing new websites or updating existing websites. Work with clients to add your aesthetic and design expertise to their websites. Some web designers use website builder tools such as WordPress or Wix. Others code from scratch and use graphic design tools. Making money from a new business in web design is easy due to the low costs.
Airbnb is one of the most attractive business opportunities in the real estate niche. It can be challenging to find people to rent your unit or spare bedroom to. So, broadening your audience and renting to travellers is an excellent opportunity to capitalize on. You can charge a price that’s on par or close to the cost of a hotel’s day rate. Thus, if you were booked up for the whole month, you would’ve made more overall than if you were renting out to a tenant the traditional way as standards are different.
When beginning your affiliate marketing career, you’ll want to cultivate an audience that has very specific interests. This allows you to tailor your affiliate campaigns to that niche, increasing the likelihood that you’ll convert. By establishing yourself as an expert in one area instead of promoting a large array of products, you’ll be able to market to the people most likely to buy the product.
Spocket, a dropshipping supplier, wholesaler, and distributor of high-quality United States and European products, enables entrepreneurs to choose products to sell from thousands of dropshipping suppliers around the world. They also offer an incredibly impressive affiliate program — you can make up to $450 for each customer you find for Spocket, and you'll continue to collect commission off your referral's Spocket account as long as they remain a customer.
One of the most modern business opportunities involves influencer marketing. If you have a massive social media following, you can partner with other businesses to promote their products to your audience. When starting out, you might partner with affiliate programs to see how well your audience grows. And as your audience scales, more business opportunities come your way. You can focus on building various accounts. Maybe one where you build yourself or a pet as an influencer. Then perhaps another where you build fan pages for a specific topic or niche.
Coupon sites: If you're offering a new product or service that isn't popular in the marketplace, you might try creating an affiliate partnership with a coupon site for a limited time. While you don't want to lose money by giving your product away at a discount, it could be effective at getting some first-time buyers to check out your website and become brand advocates.
There are a lot of items that can be purchased very inexpensively at garage sales or thrift stores and sold for higher prices elsewhere. A few years ago I discovered that I could purchase good hardcover books at my local thrift shop for $1 or less. I realized that some of them could be sold on Amazon.com for $15-$20, which turns out to be a pretty decent profit.
Developing and monetizing microsites can also garner a serious amount of sales. These sites are advertised within a partner site or on the sponsored listings of a search engine. They are distinct and separate from the organization’s main site. By offering more focused, relevant content to a specific audience, microsites lead to increased conversions due to their simple and straightforward call to action.