The second (and cheaper) path assumes that you have the design and dev chops yourself to build your dream software. Naturally, it’ll take more time to get your product off the ground, but being able to bootstrap the development of your software lets you retain more ownership in your business and be more in control of your path, making this a lower-cost, but higher time investment to make money selling apps.
In this post, using in-depth data from Tubular , we are going to confirm the average view count across a list of YouTube categories. We’re also going to take a deeper-dive into each category to show you some surprising trends that may help you when it comes to creating compelling content, and optimizing that content to be found in YouTube – and beyond.
20. Etsy – If you like to create arts and crafts, you can sell them on Etsy.It’s completely free to open an Etsy store. You simply sign up, post pictures of your creations and starting selling. You can choose your payment option, but PayPal is generally the easiest. Etsy makes it easy to sell and keep track of your inventory. There is a small listing fee and they take 3.5% of every sale you make.
If you're interested in online marketing, setup email software and create a lead magnet that you can use in your sales funnel. Then, build up that list. It's often said that you can expect to earn about $1 per subscriber per month. If you have a list of 10,000 subscribers, that means you can earn roughly around $10,000 per month. You will need to deliver value and not pitch them on every email, but it is a very achievable goal in a short period.
Just be sure to put a lot of care into your product listings. Everything from the titles you use, to how effective the description is at convincing potential buyers your product is better than the rest, and even taking care to shoot high quality product photos can have a dramatic impact on your sales. I recommend using photo editing tools like Fotor, which gives you the ability to edit your images, create captivating graphic designs and more.
How fast will you get paid? After a month or two if you go with Amazon's service. If you sell books in July, you'll get paid at the end of August, according to CreateSpace's website. So if you sell a book on July 30, about 30 days. If you sell a book on July 1, about 60 days. That actually is fast compared to many publishing houses, which will pay author royalties generally twice a year. But for everyone like Perkins, who has made good money on "Sorted," there are plenty of self-published authors who likely sell no books, beyond a few friends or family members.
There is a lot of untapped opportunity in videos that are just beginning to trend or go viral, however. If you pay close attention to various social media channels you can find videos that are just beginning to get attention. Find the source or creator of the video and make them an offer to split the revenue with them in return for placing advertisements and appropriate affiliate links. If you gain enough experience watching videos go viral, you will learn to spot videos before they begin to trend and learn the best ways to “help” a great video to go viral. With this experience, you will find opportunities to make money with videos earlier and get a better revenue split because the video’s creator may not know that he or she is sitting on a gold mine.
Once you have that problem or need nailed, the next step is to validate that idea and make sure you’ve actually got customers who will pay for it. This means building a minimum viable product, getting objective feedback from real customers, incorporating updates, testing the market for demand, and getting pricing feedback to ensure there’s enough of a margin between your costs and what consumers are willing to pay.