Have an extra room in the house? Try renting it out on Airbnb.com. According to Smart Asset, you can pay up to 81% of your rent by listing one room in a two-bedroom home. If you're really looking to ring in the cash, renting out a private home or apartment is the way to go. According to Smart Asset's findings, rates for full apartments are significantly higher than those for just rooms, with annual profits ranging from $15,000 to $31,000 for a two-bedroom apartment.
7. Sell your skills as a freelancer. You might be surprised by the tasks people are willing to pay to have done. A skill that seems ordinary to you might be extraordinary to someone else, such as dog walker, Website designer, home organizer, marketing consultant, or personal cook. There is no reason you can't sell the skills you already have for some extra money.
Do you have a big ticket item or two that you only use part-time? We are living in an age of “peer sharing” which has opened a door to earning income from renting everything from RVs (Outdoorsy) to sailboats (see Sailo). This works for smaller items, too. KitSplit lets you lend out professional cameras. If you have a desirable item that costs more than the average person can afford, someone out there may be willing to pay to borrow it.
Transcription work from home jobs involve listening to audio files and typing out what you hear. While some types of transcription (such as medical) require training, it is possible to break into general transcription with little to no past experience. Before you start digging through the companies below, you may want to read this post about what general transcription involves and this post about the equipment transcribers use.
A disadvantage of digital advertising is the large amount of competing goods and services that are also using the same digital marketing strategies. For example, when someone searches for a specific product from a specific company online, if a similar company uses targeted advertising online then they can appear on the customer's home page, allowing the customer to look at alternative options for a cheaper price or better quality of the same product or a quicker way of finding what they want online.
Join a startup accelerator: Another great option is to apply to a startup accelerator like Y Combinator, 500 startups, or TechStars, where a group of investors will help coach you, connect you with potential partners, and provide startup cash in return for a small stake in your company. The competition is tough to get into these, so don’t rely on them as your only path forward.