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What side business can make you $1000-$2000 a week? Legal or not.
This is roughly $4k - 8k per month. Here’s something that I did back in college and still do today. Flipping websites Buy an established website Flippa - low end sites FE International - Established sites Improve its cash flow Sell it However, to successfully flip websites you need general skills such as. Market Knowledge Know the common multiples for websites Know how to properly value websites so you know when you’re getting a good deal or not The differences between the marketplaces. Flippa, FE International and BizBuySell are all different marketplaces and you need to understand how each one works. Know the current trends of online businesses and websites Analytical To be successful at website flipping you have to be able to find deals and this requires you to analyze all marketplaces frequently Know which websites are a good buy and which ones aren’t Know the strengths and weaknesses of the site before purchase Delegation You might be able to run one or two websites by yourself but at some point you will need to hire someone Knowing which tasks to outsource is very important Those are the general skills that you MUST learn. Once you master those then I would suggest finding tactical skill and becoming an expert. It can be any sort of skill such as SEO to e-commerce conversions to link building. Whatever it is, master it. Here is a bigger list to get you thinking. SEO Keyword research PPC/Paid advertising E-commerce Social media Email marketing Conversion rate optimization (CRO) Drop shipping Link building Once you master one of those skills you can than use it to find opportunities in the marketplace. For example, if my skill was keyword research and I found a website that had only scratched the surface in terms of the keywords t were targeting then that site might be a good purchase for me. I know that I could buy that site and grow it using my skill of keyword research. This same thing can be applied using any skill, as long as you master it.
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However, I would not recommend learning a lot of skills at the same time. You can learn a lot of skills and still not be an expert in them. It will only hurt yourself and make it difficult to move forward. Knowledge is power. It is a good idea to get some sort of certification that gives you credibility in a certain field. For example, I would get an online certifications program from a school such as Udemy or a certifiers program from a company like Vertebra. You could even study for a test while you are running your websites. With your certification in hand, you will be more reputable in that field, and you are less likely to have to use your skills for free.