October 5, 2007

100 WAYS TO MONETIZE YOUR MACHINE

MONEY MACHINES : PART THREE

Just a quick list of the first 20 money strategies for workers from home linked to a machine (let’s call them micropreneurs).

1. Blogging.
2. Mobile consulting.
3. Get Paid Per Post.
4. Navizonate.
5. Wiki journalism.
6. Investing on the Stock Exchange.
7. Create your own magazine
8. Publish offline and online (lulu.com)
9. Set up your own Fedex-clone.
10. Freelancing
11. Paid Advice-over-Paypal
12. Pre-legal work
13. Domain names brokerage
14. Broker eMail folders
15. Writing a Facebook app and selling it on Ebay
16. Setting up a business and selling it on Ebay
17. Do business on the Amazon marketplace
18. Mash up a widget using the Intel Mashmaker and monetize the widget on a network
19. Launch a Podcast.
20. Become a movie producer of Youtube videos


Do you remember Dosh Dosh, I talked about in my earlier blog. Well, Maki just started a global survey: the best way to make money online, this will help me in my challenge to come up with 100 ways. Here are the next ten.

1. Making fApp (Facebook app) with Facebook venture money

2. Become a digital lobbyist. Organize petitions and signatures as lobbyist for a company using Livepetitions.

3. Become an internet board member. Find a non-exec directorship in an internet startup by mailing around to any company that seems interesting to you and which is in your neighborhood. Information junkies on web 2.0 are precious to a board meeting, look for a non-executive director board function. It normally pays 10K€ a year for 10 meetings and you are enjoying the acoustics of your ideas spread in a meeting with Luddites ☺ We all need an audience.

4. Write Business Plans. People hate writing business plans. Do one for them using this software for instance.

5. Make pre-order lists. One of the key disruptions of web 2.0 is that everybody seems to set up websites where you can leave your email address and when the list is long enough they start developing the project (don't call us, we'll call you). I am sure if you would set up an advanced order list for a sexy product, where people could sign in for free, you could sell that list when to anyone who wants to build it.

6. Become an SEO. It is just a matter of the right toolbox. You can send potential clients a free assessment using Website Grader.

7. Introduce widgetBucks into your content. WidgetBucks is a shopping widget that you can place on your website or blog. You earn money every time someone clicks on it. Widgetbucks is contextually based according to your site’s content. From there, readers and site visitors can see various information regarding certain products, such as the lowest price available, and from which online retailer.

8. Virtual franchises. As there are more and more virtual companies, there are more and more virtual franchises which you can do from your home with a machine linked to the internet. But first read these expensive mistakes to avoid.

9. Firesales. Let people know that you are to do a fantastic job in 48hours without any sleep if the money is right. Show them also that you have complex skills. I do about three of these every year and they make my year. I have specialized in one niche: I write circulars and private placement memorandum completely with quantitative marketing research, legal documents, marketing plans, financial spreadsheets and all done in perfect printed book quality together with spreadsheets and PowerPoint's. It is a hell of a job (and I outsource to other specialists) but nobody wants to do that. If a company or VC wants to start raising money, the amount that is paid to you is peanuts. Remember that people who have the purchasing power for your services are people who are very good at sales but who cannot sit still for more than 15 minutes to produce something coherent.

10. Clothing Label Crafter. Webworkerdaily helped me on my last opportunity. Third party fulfillment services for items like t-shirts: Cafepress . But given the explosion of blogs dedicated to the subject and the now universal acceptance of purchasing things online, small boutique shops can thrive. And a degree in graphic design isn’t necessary to make something that sells.