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Ask HN: Fastest way to make $300-400 a month online?

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Re: Ask HN: Fastest way to make $300-400 a month online?

#71
post #33

First, a Web service that "meets an unmet need." Back in 2005 I built a "code snippets" site using the then-nascent Rails in just over 24 hours. I then spent a second day making the design more "Web 2.0" a few months later, but otherwise did little except mention it here and there and add my own code into it. It made ~$800 a month from Adsense for a couple of years and then I sold it to DZone for $30,000. Perhaps the…

Agreed re: writing an ebook. If you have niche content and can package it nicely, you can make $300-$400 monthly. It helps to have some venue for marketing though (blog or other medium).

I can confirm this. I run a service that specializes in digital product delivery. Spreadsheets are also very popular.

The hard part is identifying the niche and being patient enough to see it through. A lot of people seem to think they can setup a sales page, put the buy now button on it, and start making $500/mo in 7 days. It doesn't usually work that way.

Re: Ask HN: Fastest way to make $300-400 a month online?

#72
* Create Wordpress Plugins that do small tasks and sell them inexpensively.

* Create small sitescripts that do only one small task and sell them for like $70. For instance, paid and free listing directory scripts, a twitpic.com clone, etc.

* Create really nice XHTML/CSS and/or WordPress themes. I used to think those themes didn't make money, but then I heard that WooThemes pulled in $2M in 2009. So, that sent me for a loop. It's all about execution, presentation, helping the buyer make a decision on what they're getting, the right price range, etc.

* Think up all the areas in your life you are excited about and knowledgeable about, and create blogs on each of these niches. Use a WordPress theme that supports ad blocks on the right, with space where you can either put your VideoEgg.com ads and things like that, or sell the slots. Create a CAN-SPAM compliant opt-in subscription list form where one can get your feed announcements by email, as well as receive pitches (once a month) for an eBook offer. To entice them, give them a free eBook for signing up. Send them only a monthly email. Start with other relevant eBook offers, but eventually you can create your own and sell those. Connect your blog post announcements to Twitter. Revise your WordPress RSS code (via custom theming or a plugin) so that occasionally a vaguely relevant CPA offer is injected in there every 6th post, or an eBook offer -- just as long as it's relevant.

* Create the same sort of concept as the blogs, but with forums.

* Add a live podcast or screencast to your blog, and make available the video or audio later on. This creates stickiness and excitement to your site such that the ads might get clicked.

* Use multiple whitehat affiliate marketing strategies but in niches that you feel passionate about. So, if you like Model Railroading, that's what you bring up websites about, mixed in with different ad strategies such as eBooks, toolbar downloads, CPA, PPC, and CPM. Just don't overdo it and, as well, try to keep those ads a little bit relevant.

* It's easy to write an eBook in an area you are passionate about, and then sell it. You could even purchase some inexpensive ones in a given niche you like just so that you have an idea of how to compose yours -- but don't plagiarize. There are tons of facts and statistics you can reprint if you follow proper copyright laws for these things.

* Eventually once you get rolling a little, you can briefly hire a web traffic expert to see what suggestions this consultant may have.

* Stay away from dropshipping, websites that supposedly make it easy for you to do something (like build a dropshipping business), selling offers you are not passionate about, greyhat or blackhat affiliate marketing strategies, or get-rich-quick schemes and guides.

* Once you get strategies working, you need to go back and design them better, and collect feedback for a little while to make the sites look more fantastic.

* Experiment on each of these things to see which systems bring in the most revenue.

* Automate all of this so that you don't have to spend so much time fiddling with it. For instance, with forums, there are many "lost souls" out there who want to be moderators, and who would do well in that role for free even. You could then sit back and moderate the moderators. If it's a good year with earnings, then around Christmas-time you can ask the moderators for a paypal ID and send them a small financial gift of say, $200 to $500 USD and just preface it with, "I don't always have an opportunity to do this, but we had a good ad revenue year and your skills as moderator were partly responsible, so here's a holiday gift as a token of my appreciation."

* Take 15% of all your profit, from day 1, and give it to charity. Clearly let your site visitors know this, and also provide them a donate button if they want to do that too. It boosts public perception of your site, the quality of guy you are, and so on. Plus, it's a tax write-off and for a good cause. Most of the time, this kind of goodwill increases participation on your site, rather than deflect it. And once a year, do a charity drive on each of your sites, using one of those thermometer things to show how much was achieved towards a goal. Start with a very low goal of like $2000. Compare your visitor levels to how much donation cash you received for a particular cause, and challenge your visitors to increase the needle on that goal every year.

* Most of all -- don't over-strategize. You can polish later. Just keep it legal, keep it fun, be mindful of your visitor's interests, don't overdo it, reinvest as necessary, identify and avoid time-waster tasks, automate like mad, and watch and sometimes emulate what others are doing to help their sites. But most of all, just --do-- something rather than nothing.

* And when you get bored with a niche after you've grown it, sell it for 30% to 50% more than last year's total earnings from it, even if you have to put the site on the market for awhile to catch a fish.

Re: Ask HN: Fastest way to make $300-400 a month online?

#73
post #45

Earlier quoted context omitted.

Python, ruby, php, scheme, c, c++, java. Any ideas how quickly I could make the money off of something like elance (or how quickly you could, since we don't know our relative coding speeds)? Likewise for Mechanical Turk?

Don't use elance, you have to pay to bid and usually you never get hire for a gig. Instead you might want to try oDesk, I go on there when I have nothing to do and I usually get gigs within hours.

I'm no a fan of elance, but at least you can search for jobs without registering, whereas oDesk seems to force me to register.

Re: Ask HN: Fastest way to make $300-400 a month online?

#74
post #46

You could try Amazon Turk as a side-job. In a few hours you could make 5 to 10 dollars or more.. It wouldn't serve as a main source of income, but at least you'll have money to spend on commodities that you won't have to take out of whatever actual main source you find. Tip: If you try this, when searching for HITs, only look for 5-cent HITS or above, and don't bother with $5 stuff, which no one ever gets.

I wouldn't wish Turk on anyone unless their currency level is very low compared to the USD or other stronger Western currencies. I mean, spending several hours just to make anywhere from $5 to $10 -- that's not worth my time and there are faster ways to earn a buck online.

Besides, for anyone, I would recommend they get a relatively easy regular day job, such as paper-pusher or something -- anything where they work 8 hours exactly, never get asked to stay late, and can go home. Then, at night, work very hard for two years on passive income niche forums and blogs, small scripts, products, and eBooks. Once that builds up steadily, quit the day job and do online freelance work whether that be for PPC Management, SEO Management, programming, whatever. Mix the two -- active and passive income -- such that you can live a comfortable life. Then, use the Dave Ramsey Snowball method to pay down debts as fast as possible. Then move into site flipping, then small-time angel investment of websites and products in your interest, and eventually full-time angel investment work.

Re: Ask HN: Fastest way to make $300-400 a month online?

#75

- Build a product worth $97 in value (I like teaching, so information products works best for me), then sell 3-4 a month. - Find other people who want to know what you know, then charge $97-497 a month to coach them. - Do NOT start a blog for advertising dollars or do mechanical turk - your ROI will be extremely low vs. the time and energy you spend. Instead, use a website to sell your products or services, whatever…

Mechanical Turk sometimes has well-paying jobs, though it's less common than it used to be, and they usually disappear quickly. But I've made ~$30/hr on it before doing things that the requester grossly overestimated the going rate for. Admittedly, jobs paying effectively $3/hr are much more common.

Re: Ask HN: Fastest way to make $300-400 a month online?

#76

Earlier quoted context omitted.

Well, they also sell the class itself... go to your local university and ask how much it costs to sit in on a class for no credit. It's not going to be free, if there is even such an option.

It usually is free if space is available and you don't annoy the professor. I've had several non-paying students; the only time I ever kicked one out of class was because we ran out of seats. MIT is actually well known for making information free, but the credential is expensive. http://ocw.mit.edu/OcwWeb/web/home/home/index.htm

It usually is free if space is available and you don't annoy the professor. I've had several non-paying students; the only time I ever kicked one out of class was because we ran out of seats.

+1 to this - when I was in school, I was never denied a seat in a class that I wasn't officially enrolled in (I took maybe 6 or 7 extra courses that way - oddly enough, I was kicked out of some classes I enrolled in, for space/seniority/in-major reasons), and I always asked the professor before sitting in (I probably could have gotten away with not doing that, since in the math/science departments half the professors don't bother to learn names anyhow, but asking seemed like the polite thing to do).

Some of the most interesting stuff I learned was in those classes, and it's actually how I ended up getting back into programming (I hadn't programmed since middle school)...it's a great way to sample stuff outside your major without needing to worry about doing badly in the classes.

I know people that do this sometimes even as non-students, and they've told me that most professors don't usually mind, though occasionally they'll say no.

Re: Ask HN: Fastest way to make $300-400 a month online?

#77

* Create Wordpress Plugins that do small tasks and sell them inexpensively. * Create small sitescripts that do only one small task and sell them for like $70. For instance, paid and free listing directory scripts, a twitpic.com clone, etc. * Create really nice XHTML/CSS and/or WordPress themes. I used to think those themes didn't make money, but then I heard that WooThemes pulled in $2M in 2009. So, that sent me for…

Excellent list. For selling sites, I recommend flippa.com. Averaging 7 to 12 times last month's revenue is very common.

On a side note, is it just me, or is Hacker News getting more and more interested in affiliate marketing?

Re: Ask HN: Fastest way to make $300-400 a month online?

#78
There are some good suggestions here, and I'll chime in on a few things that have worked for me. Keep in mind that I have no experience with adsense or affiliate links.

1. I second what peter said about screencasts or ebooks. We've made a good amount of money selling a DVD on SEO for a niche industry. Ours is basically all screencasts and basic SEO knowledge. If you have skills in that area or know someone who does, it can work. Granted, we did physical DVDs but you can just as easily do an ebook or web-based videos.

2. Take the BSD-licensed iui code (http://code.google.com/p/iui), style it up, and tie it into some PHP scripts so businesses in a niche industry can create iPhone-compatible websites (i.e. "iPhone sites for plumbers and contractors"). Give them simple install instructions for basic web hosts and it will sell. We've done it and it's worked well.

3. Niche industry WordPress themes. We just started doing this and it seems to be working. If you spin it for a "niche", you can charge more than the $30 themes you'll find other places.

Hope that helps.

Re: Ask HN: Fastest way to make $300-400 a month online?

#79

First, a Web service that "meets an unmet need." Back in 2005 I built a "code snippets" site using the then-nascent Rails in just over 24 hours. I then spent a second day making the design more "Web 2.0" a few months later, but otherwise did little except mention it here and there and add my own code into it. It made ~$800 a month from Adsense for a couple of years and then I sold it to DZone for $30,000. Perhaps the…

"Second, sell a killer screencast or e-book"

Thanks for providing a spark of inpiration here! When I was in college I earned extra money teaching private guitar lessons. When I finally moved on a student of mine was kind enough to photo copy and hand me to a transcription of every_single_lesson I'd given them over three years. This stack of paper has been sitting on my shelf for nostalgic purposes only ... until now.

Re: Ask HN: Fastest way to make $300-400 a month online?

#80
post #44

how many hours a month are you willing to work for $300-$400 a month. Or do you want to do x amount of work and expect to get $400 a month for life?

I'm not expecting $400 for life, I'm more interested in trading time for money. How much time? Theoretically that should depend on how good I am. Some of the opportunities people (such as patio11) have posted are what I'm interested in. I will be following up on some of those. On the other hand, I also find some of the longer-term infrastructure-building advice (e.g. SEO, e-book stuff) useful, provided it's got a hig…

I'm running a pokerbot and specifically need people not located in the US (for casinos refusing US players). I would be able to pay you a couple hundred USD/month, possibly more, for almost no work on your part. robopoker@yahoo.com if interested.
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