Counted amongst the most valuable tech giants, Amazon is also a massive global market where virtually anyone can cash in on the rising tide of eCommerce if you have the right business idea. But, like everything else that involves money, you have to do quite a bit of work to earn it. In this case, you need to do tons of research (looking for generic products such as clocks, key chains and mugs to attach your brand to) as well as developing a sensible inside sales strategy that'll help you generate profits from your private label side business idea. For an incredible deep dive on how to launch this kind of business idea, check out how digital marketer Neil Patel recently did this as a public experiment right here on his blog.
Blogging is often the first idea that springs to mind when the conversation turns to online side businesses. And rightly so. Thousands of bloggers around the world are successfully making money off their talent to write, and the best thing about this hustle is that there’s no right way to do it. First, let’s establish the fact that blogging itself is rarely profitable. Bear with me. Blogging is like a train station – the more trains you have running, the better are your chances of turning a profit. Establishing several streams of income is key to turning your blog into a self-sustaining side business. So let’s back up a little.
As for other tips, all I can say is “a penny saved is a penny earned”. If you are running out of ideas to make money, start saving. Some quick “low hanging fruit” tips to save some quick cash include – switch to MetroPCS or Boost for cellphone (I only pay $20/month), switch auto insurance to Insurance Panda ($25/month), and start using GasBuddy (saves me like $100/month at least. I drive a lot).