Hot Work from Home Ideas for 2005 and 2006
Submitted by: John Lee
Work from Home Ideas
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Each year millions of people earn extra income working from
home, apartments or dormitories. Whether you are a stay-at-home
mom or dad, a student going to college, a retiree or anyone
looking to increase their monthly income ... there is a program
for you.
The only requirement for the ideas reviewed below is that you
have access to a computer with an Internet connection.
Online Auctions - eBay
One business area that has so far been "recession-proof" is the
huge online-auction marketplace. And in this land eBay is the
undisputed King-Kong.
At the end of 2003, eBay boasted 95 million registered users who
traded almost $24 billion in goods. With numbers like these it's
easy to see why so many entrepreneurs are setting up shop on
eBay.
Perhaps it was put best by Janiece Smith in her remarkable eBay
book How an Overworked, Traveling, Soggy Sandwich Eating Dental
Hygienist Made $11,212 a Month Online. Says Smith, "Where else
can you start a business with virtually no money, and have
access to 86 million+ proven buyers right from your own home?".
Smith continues, "You can work as much as you want, whenever you
want, from any location, all the time generating cash profits 24
hours a day".
Apparently Janiece is not the only one who sees eBay as a cash
cow, as many people are turning to this online juggernaut as an
easy way to make extra money. In fact, an ever-growing number of
people have jettisoned their regular job and are now supporting
themselves entirely from their eBay business (400,000 according
to Meg Whitman, CEO of eBay).
It's been estimated by some that eBay will continue to grow
25%-35% per year for the foreseeable future, making this
business hot not only for 2005, but for many years to come.
Online Affiliate Marketing
Did you know that big companies such as SONY, Gateway, Weight
Watchers and Amazon.com will pay you for promoting their
products? If not, then welcome to the exciting world of
affiliate marketing.
A little while ago these brand-name companies, and thousands
like them, discovered that they could greatly increase their
corporate earnings by paying a commission to people
("affiliates") who direct customers to their sites. When a
customer buys a popular item from one of these sites the company
pays the affiliate (you) a commission. These commissions can go
as high as 50% - 75% of the actual sale. The commissions are
high because the numbers of sales are greatly increased. The
companies have enlisted the online community as their sales
representatives.
In 2004 this business exploded. Entire networks sprang up solely
to administer these company's affiliate programs and commission
payments. People were making so much money that tax ids had to
be captured to appease the IRS. As big as this was in 2004, all
projections have 2005 being much bigger as more and more
companies get involved.
The startup costs for this business is the price of a home
computer and an Internet connection. Since many people already
have these items, this is an especially attractive side job or
career for the "work at home" crowd. All the information to
start this type of business can be found by searching for and
reading the many available documents. Alternatively, there are
some very good resources available that have compiled the pages
and pages of pertinent information into a "how to" guide.
One of the most challenging aspects of this business is how to
advertise these companies and their products. There are many
ways to do this, but the idea should be to get as many people as
possible to the company's sites. The more people you get to a
company's site, the more sales you will generate, and that
translates to commissions. Again, a clever entrepreneur will be
able to find a lot of options by reading whatever they can find
on the Internet. If you're strapped for time because you already
work full-time or are busy with kids, you can get tips on how to
place free ads from several sources. Guides exist that can show
you how to place up to 200 million ads online for free. There's
nothing like free advertising.
If you don't mind working largely by yourself, then online
affiliate marketing could be the hot job for you in 2005.
Paid Surveys
Did you know that there are over 7 million companies that
actively survey consumers to find the best way to promote their
products? And that these companies are willing to pay you to
give your opinions?
Why? Because your opinion allows them to get in touch with
consumers and their views, habits, and opinions. It's worth it
to these companies to pay someone $75 to fill out a 1 to 2 page
online survey, or to pay someone $150 an hour to participate in
an online focus group, or to pay someone $25 per hour to preview
the trailer for a new movie.
Fortunately you do not need to register with each of the 7
million companies to participate in their surveys. Several
organizations administer the surveys for these companies. All
you need do is register your name with one of these
organizations to participate in the surveys.
Many experienced people find it advantageous to register their
name with more than one administering organization. This allows
the person to enjoy a wider selection of surveys and focus
groups .. as well as collect the multiple bonuses that are
regularly offered.
If you're looking to work your own hours, day or night, then
this could be for you.
Secret/Mystery Shopper
One of the single most important aspects of the retail industry
is customer service. Excellent customer service can nurture an
expanding customer base and increase brand loyalty, while sub
par customer service can destroy a business.
A Secret/Mystery shopper is someone who is sent into an
establishment to make a predetermined purchase and evaluate the
customer service. This person then submits their evaluation to
the company. The company not only pays for the purchase but also
pays the secret/mystery shopper for their time ... normally $10
to $50 an hour.
Many big-name companies such as McDonalds, Hilton Hotels, Neiman
Marcus, Bloomingdales and The Gap all use secret/mystery
shoppers to ensure that their stores are performing at the
highest level.
Many people have made this a full time job, whilst others prefer
part time. You can decide on what assignments you want to take,
and it normally takes 1-2 hours per job. You may be asked to go
to a restaurant, hotel or watch a movie to evaluate the food,
cleanliness and overall attitude of the staff.
Once the task is completed and the evaluation submitted, the
secret/mystery shopper receives their pay. It's really that
easy!
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