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1: Amazon’s Kindle Direct Publishing
How it works: You write a book and Amazon will help you get it published on Kindle.
Highlights: You’ll be a self-published author, and if everything goes right, theoretically you could make some good money. You’ll probably need people to already be following you on social media and be interested in what you have to say. You’ll earn royalties, either 35% or 70%, depending on the structure you choose.
It sounds obvious that a 70% royalty is better than 35%, but there are rules you have to adhere to if you pick that option. For one, you’d have to price the book between $2.99 and $9.99. If you choose 35%, you can charge whatever you like.
Drawbacks: Writing a book is hard, and if you really want to do it right, consider hiring an editor or even a ghostwriter, both of which could set you back financially.
Time investment: Probably a fair amount of work. If you’re a fast writer, maybe you can crank out something readable in a few days, but let’s assume that if you’re going to do this right, at least a few weeks, maybe months, or possibly years.
2: Fine Art America
How it works: You can set up an account, upload your images, and start selling your artwork to buyers around the world.
Highlights: You’ll keep whatever you charge. It’s the customer who pays any additional commissions, generally 30% but sometimes nothing. And there are several types of art or products with art on them sold here. You could sell paintings, T-shirt designs, greeting cards, and more.
Drawbacks: What if you made a painting, and nobody bought it? That could happen – and there are a lot of artists for people to choose from.
Time investment: This method is very time taking if you’re an artist and a perfectionist. it’s very easy if you’re a skilled artist who knows what to do. No matter what happens, you will have artwork that you can either keep, give away, or eventually sell on the website or somewhere else.
3: Fiverr
How it works: This is a popular website that can help freelancers Know something about digital animation? You can work for someone who doesn’t have these skills and pick up some extra cash. Even better, you can offer to compile web research for someone.
Highlights: You can make good money from the site, says Dan Bochichio, a web designer and digital strategist in Albany, New York, who runs a small business called Bocain Designs. He says his firm has earned $3,000 to $5,000 a month on Fiverr.
“To stay ahead of the competition, I make sure my Fiverr profile and gig descriptions are well-written and communicate the value of the services I’m offering,” Bochichio says.
He adds that when someone reaches out to him he makes sure to reply as quickly as possible and follow up with the inquiry by asking good questions. He says a quick but carefully written reply will significantly increase the odds of them hiring you.
Drawbacks: Bochichio’s success aside, Fiverr’s name comes from the fact that many people used to work for $5 a task. You can ask for more and arguably should, but a lot of your prospective clients may expect low rates. Keep in mind, that Fiverr takes a 20% commission.
Time investment: Possibly considerable. If you’re asked to create a digital animated short, for instance, that isn’t something you’re going to whip up in 20 minutes. Plus, it may take 14 days for your money to reach your bank account after your work has been approved, although if you are a regular on Fiverr, you may get it in seven days.
4: Upwork
How it works: Upwork is essentially a meeting site where businesses and freelancers throughout the world can connect and collaborate on projects. Businesses hire freelancers for a variety of services, including writing, web design, and pretty much any work that can be done on a computer.
Highlights: Upwork takes a 10% commission from freelancers, although if you engage in its “Direct Contracts” program, where you invite clients to join Upwork, you’ll pay a 5% commission.
Drawbacks: Upwork is popular, so there is a lot of competition, which can be a drawback for newbies who don’t know how it works.
Time investment: As with Fiverr, you may find projects that require days to complete. After your work has been approved, it can take 10 days to get paid. If you’re working regularly for someone, you may be able to get paid weekly.
5: Rover
How it works: Rover is a website that matches interested dog and cat sitters with people who need their pets watched. You can offer services like dog walking, housesitting at the pet’s home, or keeping your client’s pet at your home.
Highlights: Rover takes a 20% to 25% commission.
Drawbacks: When you’re taking care of pets, things can go wrong, like having a cat scratch up your sofa or a dog doing his business on your new carpet. Rover does have insurance that will reimburse you if something went terribly off course, but you’d have to pay the first $250 of any damages. It also will cover up to $25,000, for eligible claims, if something were to happen to the pet you are sitting.
Time investment: Hard to say. If you’re walking somebody’s dog on a regular basis, maybe you’re spending 30 or 60 minutes a day on an activity. If you’re caring for a dog at your home for two weeks, then it’s a two-week investment. Either way, if you’re a pet person, it sounds like a pretty enjoyable way to make some money.
6: Etsy
How it works: If you’re an artistic person who can make unique wares, such as custom jewelry or refrigerator magnets, Etsy is the place to sell your products.
Highlights: It’s easy to navigate the site and set up a shop.
Drawbacks: There’s tough competition on Etsy. While you can make good money on the site, you could also invest a lot of time and earn nothing, or very little, if there isn’t demand for your products. Also, you’ll pay a 6.5% transaction fee to Etsy on every sale, including shipping costs.
Time investment: You’ll work at your own pace, so depending on what you make or sell, it could take a couple hours days weeks, or months. As for how fast you’ll be paid, you’ll typically get your money about three to five business days after your point of sale.
7: TaskRabbit
How it works: People come to this site to find those willing to complete tasks like putting together a bookcase, cleaning out a garage, or running an errand. Do as many tasks as you want, and this could become quite a part-time (or possibly full-time) job.
Highlights: You can apply for tasks, but you can also create a profile, and people may seek you out for work.
Drawbacks: A lot of the tasks you’ll find on TaskRabbit are, as noted, physical – like setting up furniture. Of course, if that’s your jam, that’s a plus.
Time investment: Generally, these tasks aren’t huge time investments. Payments are usually approved within 24 hours of task completion, and you can expect the money to land in your bank account two to four days later.
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