3. Trade cryptocurrency.
As the digital world evolves, so does our currency. What seemed like a novelty yesterday will ultimately become the preferred medium for money. A Gallop poll found that 10 percent of people claimed to use cash as their preferred payment method in 2016 (down from 19 percent in 2011).
While cryptocurrency is still relatively new, it will ultimately become the standard. Bitcoin and Etherium might be the primary cryptocurrency platforms today, but the US Dollar will eventually become the Digital Dollar by leveraging the blockchain. You can take advantage of the current boom in cryptocurrency by trading it through platforms like eToro and Kraken, amongst many others.
4. Online tutoring
Websites like Skooli, Tutor Me, and Tutor.com provide resources for entering into the online tutoring space. While you don’t need to use a platform like these, they provide a lower friction entry point into the market. You could also search for online tutoring gigs on a variety of other sites like Upwork, Freelancer, and many more.
What types of things can you tutor online? You could easily tutor a subject like math or science, while also teaching a language if you’re bilingual. You could also tutor musical instruments like the guitar or piano, along with a slew of other subject matters.
5. Sell services on Fiverr
Fiverr has grown significantly since its inception. Today, it’s a vast marketplace where you can sell just about any service under the sun. This is great if you’re looking to make money online as a digital nomad or even while sitting at home on your laptop while in your pajamas.
What, specifically, can you sell on Fiverr? Anything from graphics and design services, to digital marketing, writing and translation services, video and animation services, music and audio, programming and application development, business services, and lifestyle services that include anything from celebrity impressions to gaming.
6. Build sales funnels.
Every successful business has an automated sales funnel. Yet, so many businesses are completely unaware of the power of an effective funnel. Sales funnels provide automation in the sales process. They help you build a relationship with your audience and develop a bond with the consumer. There are plenty of tools you can use to build a sales funnel, but the world’s most successful businesses often create custom-coded funnels.
Expert sales funnels often start with a free offer, also called the lead magnet. By delivering value in the lead magnet, you’re creating trust with the consumer. In the next step, you’d usually find what’s called a self-liquidating offer or a tripwire. These are deals that are hard to pass up, often for $7 to $47. The front-end offer is usually found beyond that along with one-time offers to help boost the lifetime value of the customer and the average cart value.
While there are considerable technique details when it comes to sales funnels, understanding them today, right now, could set you up for a higher degree of online marketing prowess. It’ll also help you scale your business by optimizing a conversion rate, then simply expanding your ad spend.