5 Ways To Make An Extra 500 Dollars Per Week
Are you looking for a way to start making money online? Or perhaps you just want to create another income stream that brings in a reliable source of cash? Either way, here are five proven ideas for slipping an extra 500 Dollars into your pocket every week…
The principles I will be sharing absolutely, without a doubt Work! However, there are no guarantees!. Why? Because I can not guarantee that anyone who reads this post will do what it takes to get the same results – that part is up to you. So as long as we have an understanding, please read on as I do not want to mislead anyone at all.
Make an Extra 500 Dollars by Setting Up An Fixed Term Membership (FTM) Site
A fixed-term membership site is one that only runs for a set amount of time, such as three months, six months or even a year. Here are two of the big benefits of this site:
Now take note:
your frontend income is just a fraction of what you’ll likely make on the backend.
For example, you may find that 25% to 50% of your income comes through selling memberships, with the rest of your income coming in through the product and service recommendations that you pitch on the backend of your site.
So let’s take a look at a couple examples…
Here’s another example…
Now onto the next idea…
You probably won’t get rich selling just one product. And while you can certainly make 500 dollars per week with just one product, over the long term you’ll make a lot more money if you create a sales funnel.
Sell Info Products In a Sales Funnel
Let’s take an example…
Let’s imagine you bring people into your sales funnel with an enticing free lead magnet.
So let’s look at how you’d get to that magical $2000 per month…
So here’s the point…
It’s easier to get an existing customer to purchase another product from you rather than always seeking out new customers to purchase your offers. So while you most definitely should be seeking out new customers, don’t forget that the real money in your business lays hidden in the backend, and you can tap it by selling to repeat customers.
Create An Online Shop
The idea here is to set up a shop online for selling physical products. This might be a CafePress.com or Zazzle.com shop, where you can sell a variety of shirts, tote bags, bumper stickers and more. Or you might handcraft something and sell it in an Etsy shop.
You can do this as a standalone idea, or you can add it to your existing website as a new revenue stream.
For example, let’s suppose you have a dog-related site. You can quickly and easily go to a platform like CafePress and start designing dog-related t-shirts, mugs, and other merchandise.
Choose something with a message that people will want to share with others. E.G., “Adopt, Don’t Shop” or “I Love My Poodle.” Or you can go for something humorous such as, “My Dog Is Smarter Than Your Honor Child.”
Alternatively, maybe you design and craft handmade dog jewelry, such as bracelets. In that case, you’d set up an Etsy shop.
Here are the advantages of setting up these sorts of shops:
So let’s take an example. Let’s imagine that you’re selling a variety of products that some with a variety of profits for you.
The total for this example is $525, so you surpass the weekly goal.
That’s just one example. You might set low prices to generate high conversions a lot of sales. Or you might sell higher-priced items to fewer people.
Here’s a hint: people will pay premium prices for personalized products. So let’s stick with this dog example, and let’s imagine that you have the skill to quickly paint or draw personal dog portraits. You can sell these for $125, $150, $200 or more.
Imagine… you’d only need to sell three per week at $200 to meet the weekly goal of $500 (after deducting supplies and platform commissions). If you can do them fast – in a day or less – then you make a nice chunk of money, while having the rest of the week free to do as you please.
Now here’s another idea…
Buy And Flip Physical Products
Instead of making your own products, the idea behind this strategy is to find low-cost products and quickly flip them for a profit. Here are common ways to find these products:
Let’s imagine you buy a bulk lot of 200 collectible knives from someone who is going out of business. All you have to do is mark them up to collect a $10 profit per piece (after all your payment fees and other expenses), and you’ll make $2000 in profit if you sell them in one month. You can sell them on eBay or even CraigsList.org.
At a low markup of $10, you might even be able to sell them in smaller lots. This means less packing and shipping for you and less time managing your auction or ads. Or you can raise your markup to $20 a piece, so you only need to sell 100 knives in a month to meet the $500 weekly goal.
And the final idea…
Offer A Service
Here’s a time-tested way to make at least $500 per week: use your skills and talents to provide a service for others.
The benefit of this particular idea is that you can get up and running nearly instantly. For instance, while having a website is useful to help land clients, you don’t need one to get started. Instead, you can bid on projects on freelancing sites such as Elance.com and UpWork.com. Or if you want to do it up old school, you can cold call local businesses to offer your services. But either way, you can start landing clients as soon as today.
TIP: If you’re offering certain skills such as writing or design, it’s a good idea to set up a portfolio of samples. You can create a few samples specifically for the purpose of creating your portfolio. You can also offer steep discounts to your initial clients in exchange for being able to use the work in your portfolio.
So what kind of skills can you offer? Your best bet is to go to a site like Elance.com to see what sort of projects people are posting. However, here’s a short list to give you an idea:
Again, this is just a sampling. Take stock of your own skills, and then head to a freelancing site to see what kinds of projects you can bid on.
Would an extra $500 a week make a difference to your lifestyle?
You bet it would. And that’s why you’ll want to try out one of the five ideas you just learned for making money online. If implemented the right way, any one of these ideas could put 500 dollars (or more) in your pocket each and every week. But don’t take my word for it – try these ideas out for yourself to find out just how well they work for you.
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