Ways to make money that will keep on coming

Do the work now - count the cash later

 

 You’re working a full-time job, all the while wondering what great endeavour you’re going to eventually use to strike it rich. You might win the lottery. You might inherit a distant relative’s wealthy estate. You might stumble upon old forgotten treasures in the basement of your new house. Unfortunately, ‘mights’ are not mighty reliable. However, you can still find ways to attract cheques into your mailbox while you just sit there - they just require a capital investment of time and effort.

Make a viral YouTube video

Become a YouTube partner and make a video that’s sure to go viral. Becoming a partner means your viewers will have to sit through advertisements before they get to the guts of your stuff, but it’s a small price to pay for any video with real value. It’s been rumored on the web that YouTube pays $1 - $3 per 1000 views; that equates to $1,000 - $3,000 for every million views. Increase your chances by increasing your videos. Not sure what makes a video “viral” worthy?

Write a book

Unless you’re the next J.K. Rowling, this might not be the best use of your time. But if you have an original story and the writing savvy of Isaac Asimov, spend a little time each day writing out your prose. Create a timeline and stick to it. Then, with your finished piece, either self-publish (that's how Fifty Shades got started) or find a publisher well suited to your book. You could make anywhere from 7 percent to 25 percent in royalties if you work with a publisher (and much more if you self-publish). If you’re Candace Bushnell (as in, the real Carrie Bradshaw), you may even land a movie deal - or two, or three.

Write a song

There’s a reason independent labels and artists turn to iTunes with their songs - they’re making up to $45,000 a year through digital downloads, according to Business Insider. Musicians have an unprecedented ability to reach their listeners without going through agents and music labels anymore. Now more than ever, more artists are able to self-identify as “international”. According to Song Cast, artists can earn between 60 and 70 cents per song and $6 to $7 per album.

Create an app

Apply your creativity to making an iPhone or Android app. Apple will charge you $99 per year and take a 30 percent cut of whatever you plan to charge for your app. Google takes a 30 percent cut as well, but only charges a one-time fee of $25 to take your app online. Advertising revenue, in-app purchases, and rewards partnerships are all extra means of bringing in the dough. With both IT giants, your app must be approved first. Oh, and did we mention it can cost up to $250,000 to have an app built and tested for you? But if you have the skills yourself (or the patience to sit through how-to videos on the web), it’s time to start developing. For some inspiration, just remember that Angry Birds made over $200 million in 2012.

Launch a website

Remember the one-website-one-million-ads guy? He made a website called the Million Dollar Homepage and sold 1 pixel of ad space at $1 each...1 million of them...all sold. The ads are no longer available - likely because the terms ran out and he’s likely lounging on a private beach somewhere laughing. You might not hit a homerun the way he did, but if you have an innovative idea for a website, a niche audience in mind, and an excellent knowledge of SEO keywords, you can sign up for a Google AdSense account and get in on some of that action. Earning a modest $100 - $300 a month is within reach for sites with moderate traffic; more so if you've got a real traffic heavy hitter. In 2011, Google brought in $36.4 billion in advertising revenue, accounting for 96 percent of total revenue.

Keep your eyes on the prize

To tirelessly work away at a personal project without any real guarantee of instant gratification is probably easier said than done. Luckily, we can almost guarantee some sense of self-fulfilling gratification. You can stay focused by drafting out a timeline, making short-term goals, and rewarding yourself at every (hopefully) million-dollar milestone.

From: Goldengirl.com/ Posted by Mags