Sell your stuff online. The most standard method that many people use is just selling stuff you have. While you can also do this in the real world, there are more benefits to doing this online. For starters, your target audience is much bigger. You can reach more people by advertising it online. It can help you find those who are specifically looking for what you are selling. Another advantage is that you can add an extra layer of security. You can double-check the details of a potential customer to know that you are selling to the right person. Social media pages can keep your information more secure with account options. There are some specific sites or even apps designed to sell old junk you may have. Sites like Gumtree and apps like Depop are good examples. Regular social media pages like Facebook and Instagram can even be made into accounts made purely for selling.
The results are stark. According to Forbes, those 25 people saw their worth rise a collective $401 billion from 2014 to 2018. They paid a total of $13.6 billion in federal income taxes in those five years, the IRS data shows. That’s a staggering sum, but it amounts to a true tax rate of only 3.4%.
Choose a profitable niche - Pick a range of topics that can potentially attract a sizable audience and business partners. Ideally, the subject should also be within your interests to prevent burning out as an author.
While the idea of starting your blog is to share your knowledge, interests and passions to people around the world and engage with them, you can actually make a living with it. Some money-making strategies incorporate the use of affiliate links, adverts, and posts that are endorsed.
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Read the full rundown of creator industry moves, here.
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