Hi guys, how have you been, hope you all are doing great?
Finally after several requests from some followers, I have made the decision to show just 10 lucky
Nigerian youths how to become financially free through selling on Amazon US and
Canada from Nigeria to make a minimum of $1,000 every month without spending huge
startup capital.
Yes! There are many easy ways to make money online without sweating or getting frustrated.
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Selling ebooks is big business for many people. According to the Association of American Publishers, 2019 saw 335.7 million ebook sales in the United States alone. And according to Amazon, thousands of indie authors made $50,000 or more in 2019 — on Amazon alone. Ebook sales for 2020 have gone through the roof, mainly due to the pandemic.
As you can see, you can make money selling ebooks.
The ebook publishing process has been simplified as much as possible by aggregators and the retail giant Amazon, but it still takes some know-how. Without guidance and resources, you can easily spend hours groping around in the dark trying to write and publish a book people will buy. And, in fact, it’s best to start your research before writing your book.
Luckily, guidance is just what I’m here for. I’ll take you through the whole journey, step by step. And for the purposes of this article, I’ll stick to publishing on Amazon, since it currently holds much of the ebook market. So, read on to find out how to make your first $1,000 selling ebooks.
How to Create Your Ebook
Many people start their ebook selling journey with a story they want to write. They pour hundreds of hours into the book, throw together a cover, write a blurb, and hit publish. Then, they wait for the sales to roll in.
Unfortunately, this rarely works. Mainly because most people write for a nonexistent or oversaturated audience.
Don’t get me wrong, you need to like what you’re writing. But other people need to like it, too. And you need an existing market that’s hungry for books like the one you’re writing.
Whether you’re writing non-fiction or fiction, you need to do a few things before you can start making money selling ebooks.
Research a Bestselling Idea
To make money selling ebooks, you need an ebook to sell. And people must want to buy it. There must be a market for the book, which is why this pre-step is so important. It’ll help you determine whether the idea you have is worthwhile. And if it’s not, you can move on to the next idea. And the great part is, many people come up with great ideas in the research phase.
If you’re absolutely sure your book has a hungry market, you can skip this and move on to step one. But if you’re not sure, answer these questions to validate your book idea:
Is there an existing market for your ebook?
Is the market actually willing to pay for the book, or is it information they can get online for free?
Is the competition so stiff that your book will be lost in the fray?
Not sure how to answer these questions? Here is some software that can help.
Ensure You Create the Different Parts of an Ebook
Even before writing the book, it’s good to know the different parts of a book. You’ll want to have a copyright page, a table of contents, acknowledgments, etc. Some formatting tools set these up for you, but you might need to do this yourself.
The front and back matter of an ebook are excellent places for email opt-ins and a list of any other books you’ve written. But more on those later.
Write and Format the Book
Since this article isn’t a “how-to” on actually writing a book, I’ll keep this section brief. There are plenty of resources for writing your book. Once you’ve written your book, format it so that it looks professional on e-readers, phones, and computers.
Here’s a handy article about book formatting for you that takes you through each step of the process.
Also, you might want to look at getting book formatting software like Atticus. This helps you make both ebooks and books, and ensure they look professional.
Get a Book Cover
You must have a book cover to sell ebooks. And the cover needs to be professionally done. Or, it needs to at least look professional. Luckily, there are plenty of ebook cover creators out there, and many of them won’t break the bank. From Fiverr to EbookLaunch.com, you’ve got plenty of options.
Upload Your Ebook to Amazon
Once you have a written, formatted book and a cover, it’s time to upload them both to Amazon. To do this, you must have a Kindle Direct Publishing (KDP) account. If you already have an Amazon account, this will be a breeze. It’s absolutely free and they walk you through the steps.
But, before you hit publish, read the steps below for tried-and-true tips on making your first $1,000 selling ebooks!
Your Guide to Selling Ebooks
Okay, here’s where the fun begins. You have a flawless ebook (or nearly flawless, anyway), a professional book cover, and you know there’s a market. But knowing there’s a market and tapping into it are two different things. That’s what these steps are all about: tapping into your market to make your first $1,000 — and beyond.
The best way to sell ebooks is:
Selecting the right keywords
Selecting best-selling ebook categories
Creating a special launch
Enrolling in KDP Select and KU
Setting up a book promotion push
Contacting book review sites
Setting up Amazon Ads
That’s it. So, with that, let’s begin…
Step 1: Select the Right Keywords
Keywords are key to making money selling ebooks (see what I did there?). They can mean the difference between obscurity and daily sales. The right keywords tell Amazon when to show your book to shoppers. There are three important areas where you’ll use keywords when publishing ebooks on Amazon.
7 Kindle Keywords: Amazon allows you to fill out seven keywords of 50 characters each when publishing your book.
Title and/or Subtitle: Having choice keywords in your book’s title or subtitle can help you gain visibility and sales. Subtitles are more important for non-fiction but can also be helpful for fiction, on occasion.
Book Description: Keywords in the book description can help customers find the book. Better yet, they can help convince customers that your book is the one for them!
So how do you find these keywords?
Easy. Use Publisher Rocket to do quick searches and see which keywords are highly competitive and which ones aren’t.
Here’s an example of Publisher Rocket’s keyword search feature.
This is important for finding a niche audience. Going for competitive keywords means you’ll have to spend more time and effort marketing to get sales. But if you target a less competitive keyword, you can see results faster and with minimal effort.
You can find some of this information manually, but the amount of time it takes far outweighs the one-time price of Publisher Rocket.
Step 2: Select the Right Categories
If you select the right Amazon ebook categories, you will become a bestselling author. That’s amazing because not only will that help you sell more books, it will also allow you to tell your friends, and family that you are a bestselling author. Furthermore, it’s a great credential to put on your resume, blog, about page, inquiry, etc.
How does one become a bestselling author?
Select an ebook category where you can sell more books in a day than the current #1 bestselling book.
Now, that might sound daunting, but it really isn’t. That’s because there are over 14,000+ book and ebook categories to choose from.
The key is finding the right category (you can choose 10 for your book if you follow these steps) that fits your book, and has the highest chance of being a bestseller.
Now there is a manual way of doing this, however, there is no list of the 14,000+ categories and you’ll need to do a tedious amount of research and guessing. You can also use Rocket which has a list of all the ebook and book categories. It will even tell you how many books you’d need to sell that day to become a #1 bestseller.
Basically, Rocket takes the guessing and legwork out of it for you.
And with over 14,000+ ebook and book categories to choose from, there is no way you can’t hit that bestseller status.
Step 3: Create a Special Launch
Launching an ebook well can help you get noticed by Amazon’s algorithm. But it takes some serious plate-spinning to do this well. There are a lot of moving parts and several different philosophies when it comes to a successful launch.
You usually want to give yourself a week or two between uploading your ebook to Amazon and officially launching your ebook. But this doesn’t mean you can’t do a soft launch where you publish your ebook and ask your network for reviews. It just means you’ll need a little time to go through the book and make sure everything looks good and that there are no formatting errors.
Let’s take a look at your different launch options.
Enrolling in KDP Select (Kindle Unlimited) to Help Your Launch
For new authors, enrolling in KDP Select is probably the easiest way to give your ebook a little boost. KDP Select means that you can’t sell your book anywhere else besides Amazon for the enrollment period, which is 90 days. But it comes with some serious perks that can help you launch, successfully.
For example, for every enrollment period, you can do either a free book promotion or a Kindle countdown deal, where your book is sold for a discounted rate for up to five days.
Both options are good for gaining visibility and encouraging people to buy. Of course, a free book promotion won’t gain you any profits, but it can really boost your book’s ranking and can also help you get reviews (if you ask for them).
Non-KDP Select Launches
If you don’t want to limit yourself for a minimum of 90 days with exclusivity to Amazon, you can opt-out of KDP Select. You might want to sell your book to a larger audience by getting it into online outlets like Google Play, Kobo, Barnes & Noble, and others.
However, a word of warning: If you’re new to self-publishing, I suggest against focusing on “going wide” as we call it. It can be difficult to keep up with publishing one book on Amazon, let alone on a handful of other platforms. Once you know your way around Amazon, you’ll have the foundation for self-publishing on other platforms, as well.
Some tactics for a successful launch for non-KDP Select ebooks include:
Offering your book to your extended network for $0.99 for the first week or so and asking them for honest reviews. The low price makes for less resistance.
Once you’ve got a few reviews, raise your price ($2.99 or $3.99 is best for most ebooks).
You can also coincide your $0.99 launch price point with a book promotion push, which I’ll cover below.
Amazon generally frowns on reviews from immediate family and close friends, so resist the urge to have them write you a good review — Amazon will probably take it down.
Launching With an Email List
Most new authors don’t have an email list to which they can promote their new ebook. But if you have one, send out a couple of emails in the weeks before launch day, telling your list about the book.
Of course, the book needs to be relevant to the email list. So if you wrote an epic fantasy book and your list comes from your blog about personal finance, you shouldn’t promote your book to that list. It’s a good way to get a bunch of unsubscribes, even if you do get a couple of sales out of it.
Use Social Media
If you don’t have an email list, don’t worry. You can use your social media following to boost your launch. Whether you’re doing a KDP Select promotion or you’re simply dropping your price, you can use free Facebook promotion groups (make sure promotion is expressly allowed), your Twitter following, and even your Instagram or TikTok accounts.
How active you are on those platforms goes a long way to how much success you’ll have. Still, every little bit helps when it comes to launch time.
Step 4: Set Up a Book Promotion Push
Hopefully, you’ve made a bunch of sales during your official launch. It would be nice to simply sit back and watch sales come in ever after. Unfortunately, it doesn’t usually work that way. Remember that there are an estimated 2,000 books published every day! Even big names have to work to keep their sales going strong.
This is where book promotion sites come in handy. Written Word Media, home of FreeBooksy and Bargain Booksy, is a favorite paid promo site. But there are plenty of free book promotion sites out there that can help you sell more books.
All of these sites have slightly different requirements, but you’re sure to find a bunch of them that will be glad to promote your book to their audiences. (I’ve already done a lot of the research for you in that article I linked to above.)
When you decide to do this generally depends on how well your book is doing. You can wait for sales to dip a little bit before putting the word out, or you can do it soon after your launch. Most people wait because they like that little bump in sales it gets them — which can also help Amazon recommend your book to customers — for free!
Typically, you’ll want to contact these sites at least two weeks before starting the promotion. Planning ahead (and being flexible) is a real help here.
Step 5: Contact Book Review Sites
Book review sites can help you get some good publicity around your ebook. Review sites can help you with the social-proof aspect of book marketing. In fact, Amazon has an Editorial Reviews section that every author should take advantage of.
Book review sites provide a service. They have readers who sign up to read books and write reviews about them. Sometimes, these readers are just normal folks who want to read books for free (most sites require that you provide a free ebook copy for the reader). Other times, they are professional or semi-professional reviewers who are paid for their time.
Kirkus Reviews is a well-known review site that charges a pretty penny ($425 last I checked). But if you get a good review from Kirkus, you’ve got bragging rights and are likely to get some solid sales simply because their name carries weight.
But you must realize that a good review is far from guaranteed. And, although most review sites don’t charge near as much as Kirkus, they do usually charge a reading fee of some sort. So if you’ve got some glaring issues with your ebook, you might want to wait until you fix them to contact a review site.
If you’re confident in your ebook, some of these review sites are a good way to get additional reviews on Amazon as well as some great quotes for your Editorial Reviews section. Some sites even include your ebook in their newsletter or on their website, which helps you generate more sales. You could even get on a list of the best books — the key is finding a review site in your genre or subject matter and asking them to review your book. It can do wonders for your conversions.
Pro Tip: Avoid any sites that guarantee a good review. This is against Amazon’s rules about reviews. You can’t demand a good review in exchange for anything, not even for a free copy of your ebook. The reviewer must be free to share their own opinion about the book.
Step 6: Set Up Simple Amazon Ads to Keep Traffic Going
Now that your book is out and you have some reviews coming in, it’s time to start generating traffic through Amazon ads. With these, you can keep selling ebooks, even after you stop doing book promotions and pushing for sales. Amazon helps keep your ebook in front of book shoppers.
You can create Amazon ads that show your ebook in the search results, on another book’s sales page, or on the lockscreen of a Kindle.
Although the learning curve can feel a bit steep, there is a free full video course that authors can tap into that will give them all the necessary information for creating profitable Amazon ads for their ebooks.
Dos and Don’ts of Selling Ebooks
When it comes to making money selling ebooks, there are certain things you should and shouldn’t do. I’ve mentioned some of them briefly in the steps above, but let’s take a look at a few I haven’t covered.
Get Good Reviews
Reviews provide the all-important social-proof aspect that is essential for marketing. The best way to get reviews is to ask for them. You should definitely put an ask at the end of your book. You can even put a link to the review page; many people have no idea where to go to write a review on Amazon, so a link helps.
To get the link, scroll down on your book’s product page and look on the left side. You can snag the link from here:
The link won’t work for you because you can’t review your own ebook. But it will work for others, they simply have to log into their Amazon account, first. Unfortunately, if they don’t have an Amazon account (or haven’t spent $50 through Amazon) you’re out of luck.
It’s also essential to ask your network to review the book. Many authors feel that this is “salesy,” but you’d be surprised at how many people are willing to write a review if you just ask.
Use Amazon Associates to Make a Little Extra Money
It doesn’t take long to sign up for an Amazon Associates account, which is Amazon’s affiliate program. You can then get an affiliate link for your book and post it on your website.
When anyone uses that link to buy your ebook (or anything else within a 24-hour period), you get a small percentage. That means if someone clicks on your affiliate link and then decides to buy a $2,000 pool table from Amazon, you’ll get a percentage! Not bad for just a few minutes of your time.
Allow for Email Opt-In
If you’re serious about selling ebooks and you think you’ll be writing more of them, creating an email list is essential. You can put an email opt-in in the front and back of your book to increase the chances of gaining subscribers.
The standard practice these days is using reader magnets. Reader magnets offer a freebie in exchange for a reader’s email address. This is usually a novella or a short story for fiction, or a spreadsheet or bonus PDF for non-fiction. It just needs to be relevant to the book to work well.
Don’t Skimp on the Book Cover
As I mentioned briefly at the beginning of this guide, a professional book cover is key. Readers can spot a DIY book cover quickly, and most of the time they’re going to skip it for something that looks a little better.
If you have experience with book cover design, by all means, make your own cover. But for most of us, paying a cover designer is one of the best investments we’ll ever make in our book (aside from the hours writing it, of course).
The price range for this is extremely wide. You can even get a premade book cover for under $100 — if you can find one that looks good and works for your book. Otherwise, check with Fiverr, Upwork, Reedsy, Ebook Launch, or simply Google “Ebook cover design.” There are plenty of great options out there.
Don’t (Ever) Pay for Reviews
Paying for reviews can actually get you banned from Amazon. This may seem like splitting hairs, but paying a legitimate book review site is totally fine because you’re not paying for a certain outcome.
But a quick search on Facebook will yield groups where readers gather, promising good reviews in exchange for cash, Amazon gift cards, free books, and all kinds of other things. To stay within Amazon’s guidelines, there can’t even be the suggestion of an “incentivized review.”
In fact, most legitimate review sites don’t allow you to have direct contact with the reviewer. You may not even know who it is until the review is out there in the world.
This is why legitimate review sites are OK but “incentivized reviews” are not. The same goes for review swapping with other authors. Meaning, “I’ll give your book a review if you give mine one.” Amazon considers this an incentivized review. Best to stay away from practices like this.
Other Resources and Tools Needed
Although it’s not imperative that you have any of these tools, they can certainly help you on your book publishing journey. But it’s ultimately up to you if you want to make the investment.
Publisher Rocket
If you’ve read the “Select the right keywords” and “Select the right categories” sections (and I hope you have), you’ve seen a little of what Publisher Rocket can do. It can save you hours and hours of mind-numbing, hair-pulling research. And it can also help you determine how stiff the competition is for a certain genre or subgenre.
If you’re planning on doing Amazon ads for your books, I’d go so far as to say that this is a must-have. Luckily, Publisher Rocket is only one time cost of $97. That gets you all updates and upgrades as well.
Scrivener
Scrivener is a big name in the book-writing world, and is available on Mac or Windows. It has been around for a long while and is a one-stop shop for writing, editing, and formatting. Students, academics, poets, and all kinds of other writers swear by it.
However, it has one major drawback: it’s notoriously difficult to learn. It’s complex because it has so many features. But that complexity is a bit too much for some people. If you’re willing to put in the time to learn how to use Scrivener, it’s a great tool.
Atticus
Atticus is a book writing and book formatting software. It lets you write your books, and then easily format them as an ebook and book. With this software, you can create beautiful book designs and look professional without having to hire a specialist.
It’s simple and elegant and totally awesome. Currently, there’s a waitlist for the tool.
Next Actions to Take
Well, we’re wrapping it up. You’ve read all about how to make your first $1,000 selling ebooks. But you may be wondering what to do next. Your book is up, you’ve followed the steps, your Amazon ads are running. What now? What about the next $1,000?
Well, it’s simple, really: Do it again. Write and publish your next book. But make sure that you have a way to collect reader emails. And point each new book you have to the other ones you’ve written. You can do this in the back matter of your book, and even in the front matter, if you want.
The more books you have, the more money you can make by selling them. When someone finishes one ebook, they may see that you’ve written other ones and purchase them. And with a mailing list, you can gather your fans and contact them directly! How cool is that?
So keep it up. As your catalog grows, so should your income. And that’s a beautiful thing.
Consider Audiobooks
You may also want to consider turning your ebooks into audiobooks. This can create another income stream for you. The audiobook market is growing and it probably won’t stop any time soon. So consider narrating your own book or paying someone else to narrate it for you. This is a logical next step for ebook authors and it’s becoming easier to do.
Summary
Making your first $1,000 selling ebooks may seem like quite the journey. And you’re not wrong. There are quite a few things to do. But, many of the most successful self-published authors publish a few books a year. And they treat it like a business, which is definitely what you should do, too.
As with anything else, the more you do it, the easier it gets.
With the right tools and a drive to succeed, the first $1,000 you make will seem small-time in no time. Then you’ll be looking at your first $10,000 and, eventually, your first $100,000.
So keep writing, keep publishing, and keep learning!
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Elon Musk, a man constantly making waves at the forefront of innovation. Driven by his boundless curiosity, the key trait he utilised to establish industry-leading companies like SpaceX, Tesla, PayPal and many more within a scant few years.
So what is the secret behind Elon’s genius? You may have wondered how this man can seem so smart, well here are 6 steps you can take to follow his way of thought.
1. Open up to new perspectives
Many think that specialising and becoming an expert in a particular field is the way to success and the forefront of development, Elon Musk begs to differ. Rather than becoming an expert in a single field, Elon Musk is an ‘expert generalist’ with deep knowledge in multiple fields of different disciplines.
Here are some of the things you should do to be as knowledgeable as him:
Look for a subject that interests you and don’t be afraid of the difficulty in learning it
Challenge the established status quo. Look for new opportunities rather than ones people are already fighting for.
Elon Musk is living proof that going above and beyond to chase what others consider a pipe dream and succeeding is possible. Becoming the sole pioneer and leading expert in an undiscovered industry is possible if you follow the same principles.
2. Start from the basics
If you want to speak English well, you need to learn the alphabet before you start with sentences. This simple rule applies to everything, building up your basics before doing anything complex prevents you from making dumb and basic mistakes. To innovate, you need to know what isn’t known or what isn’t being used.
Elon Musk once said, “It is important to view knowledge as sort of a semantic tree — make sure you understand the fundamental principles, for instance, the trunk and big branches, before you get into the leaves/details or there is nothing for them to hang on to.”
In practice, you can apply the ‘semantic tree’ concept in these ways:
Obtaining a complete understanding of the fundamentals before moving onto more advanced topics
Pay attention to the details, even if they seem insignificant to others
Compress and organise all your notes neatly, make them easy to understand for yourself
3. Focus on what you learned and know
It took Elon Musk just 2 years to pick up rocket science and learn enough to launch SpaceX as a leading pioneer in space transportation, the most successful private enterprise for space exploration and transportation ever made.
So how do you follow in Elon’s footsteps? Start by learning from many other people as much as you can, so you can have an idea of what you are getting into before you dive in.
It can be said that knowing how to get reliable and true knowledge is one of the most important steps on this path. Being able to filter out false information is something many people overlook despite their education.
4. Link each field of study together
Once Elon Musk has his basics covered on multiple subjects, he utilises the knowledge of different subjects to support and launch creative ideas. Making use of multiple fields of knowledge to achieve a goal while making it less academic and more realistic.
Here are some of the benefits of doing this:
You will be able to put knowledge to practical use much easier and more frequently
You can come up with new and creative ideas, thinking out of the box will be much easier when you are not limited to a box that is a single field or subject
5. Branch out your knowledge
This man believed that knowing just one thing is not enough. The more we learn, the more we see the world from a broader perspective. By gaining more knowledge in different fields, you can spot more possible connections and interactions that have not been explored or documented in depth before.
6. Putting knowledge to practical use
Action is the key to success. If you don’t come up with a way to take the knowledge you gained and apply it to practical use, then you’ve wasted your time studying. Don’t be afraid of making mistakes, failure is the best teacher you will ever have. The lessons you learn from the pain of failing can be used to improve your next attempt, it helps develop your ability better than any other way.
Anyone can be a smart thinker like Elon Musk
If you’ve read up to this point, then you’ll understand why Elon Musk’s way of thinking has allowed him to achieve worldwide success and become a renowned person. We can all apply his philosophy to ourselves and be able to not only improve our creativity but also be unafraid of challenging the established norm.
In a country where economic deficit and unemployment have become the order of the day, conceptualizing a business idea in Nigeria and subsequently starting it can be likened to a goldmine which offers an opportunity for people to tap into a better livelihood.
According to Statista.com, a total of 32.5% of Nigerians were unemployed in 2021, with a forecast unemployment rate of 33% in 2022.
Apart from being a gateway to self-employment and helping to put an end to job hunting, starting a private business from various business ideas also comes along with several advantages which include but are not limited to:
Unlimited freedom
Unlike working under someone or organization, where your mode of operation and work is being dictated by your boss/superior, personal l business gives you the privilege to work at your own pace and with ease. This is most suitable for people who may not have what it takes to work for a company due to certain conditions such as old age, underlying medical issues, limited time, etc.
Fulfillment of dreams and ambition
Getting a job is one thing, getting a dream job is another. While the former may be a little bit difficult, the latter is almost next to impossible to come by. We live in a country where a majority of people do a job they don’t really want or because they have no option. But with a proper business idea and conceptualization, one can fulfill his/her lifetime dream by starting a business that is in line with such a dream.
Financial freedom
Financial reward is yet another importance of starting a personal business. It is no longer news that most employers in Nigeria pay their staff peanuts for salary. The prices of commodities are on the high side, and the money being paid to the average worker is far from being enough to cater to their daily needs. A good business idea when materialized is capable of turning things around and subsequently giving financial freedom to the originator.
From the foregoing, it can be deduced that having a business idea and materializing it is of immense importance for whosoever deems it fit to give it a shot.
While there are many constraints to starting a personal business, capital to start with remains a major constraint.
In this article, we will be looking at 10 businesses you can start in Nigeria with as little as N100,000 which guarantees 100% return on investment in 30 days or less.
1. POS/E-PAYMENT
POS (point of sales) tops the list of business ideas in Nigeria you can start with 100,000 naira for obvious reasons. The business is one of those businesses that has come to stay for a very long time. Financial transactions are an integral part of human life and the banking sector habitually fails to live up to the people’s expectations in that regard.
POS serves as a subtle alternative to banking transactions and saves people from wasting their precious time that could be spent on something productive in bank hall queuing because of basic financial transactions. Financial transactions such as transfer of funds and withdrawals, payment of bills (DSTV, GOTV, PHCN), recharging of airtime, and selling of data among others can be taken care of by POS.
Mr Tayo Adewale, a 26-year-old HND holder from one of the federal polytechnics in Nigeria, after graduating and wrapping up his mandatory NYSC was unable to secure a white-collar job. He finally decided to go into the POS business, courtesy of N100,000 donated by his family which he used to kick-start the business. As of today, Mr Tayo claims he has been making nothing less than N100,000 return on investment since he started the business while some of his colleagues are still on the streets still searching for a non-existing white-collar job.
In starting a POS, one of the most important things to consider is the location you want to situate the business. The nature of the location your business is sited can either make or mar your POS business idea. While determining the kind of location, some of the things you should consider are:
GSM network/Internet
This is an important factor that must be considered before opting for any location. You must ensure your POS business is situated in an area with a very good GSM network, to ensure hitch-free business transactions.
Proximity to banks
Another important thing you should consider before choosing a place to locate your POS business is how close the area is to the banking area. Locating your POS in an area very close to the banking area can be likened to efforts in futility and may not bring about the return on investment as expected. This is because the majority of the people may rather prefer to visit the banking for their transactions since it is close by.
Security
While searching for a place for your POS business, you should ensure the place is secured and has little or next to any history of crime. This is because you will be dealing with cash daily which makes you vulnerable and a soft target for criminals if the location is not secured.
What you need to start
Some of the things you will need to get the business started are business capital, space/shop or container, a banner, and most importantly a POS machine for the operation of the business. You can get your POS machines from banks like GTB, UBA, Zenith, First Bank, Access Bank, Polaris Bank, and hosts of others.
2. Phones and other gadgets charging
Phones and gadgets charging is yet another business idea in Nigeria that can be materialized with as low as 100,000 naira. It is no longer news that the electricity supply in most states of the country is unstable and unreliable, which makes the business of changing phones a very juicy one to venture into with relatively low capital.
Also, the cost of petrol for generators that could have served as an alternative power supply has become expensive and unaffordable. Hence, most lower and middle-class citizens who cannot afford to purchase a generator often resort to phone charging vendors, paying a minimum of 100naira to get their phones and other gadgets charged.
Mr Wale Olakunle, a middle-aged man who owns a phone charging shop in Oke-Odo, a neighborhood close to the main campus of University of Ilorin, relished his humble beginning in the business and how far he has come since he started the business about three years ago.
“I started this phone recharging business three years ago with a 100,000 naira loan I took from a microfinance bank. When I first started, the first two weeks were dull and I was already thinking of giving up on the business. But towards the last weeks of my first month, the business started booming and the rest like they used to say is history. At the moment, my take-home from this business is nothing less than 7,000 naira daily after deducting all expenses. That is around 200,000 naira monthly,” he explained.
What you need to start
While starting a phone and gadget recharging business, one must consider the location. It is preferable to locate your business in an area with a poor electricity supply. This will make it inevitable for people to patronize your business. As a phone recharging vendor, you should also develop a good charisma which will allow your potential customers to freely relate with you as you will be dealing with different types of people dailySome of the things you will be needing to kick-start the business are a container/space, a covered or shaded stall, a small generator for power supply, fuel to power the generator, original chargers and desktop, and an electric socket board with multiple electronic sockets for charging.
3. Mobile food vendor and delivery business
Food is an important aspect of human existence that is simply inevitable. Regardless of the situation, we must always find something to eat. This, and other reasons are why online food vending and delivery business occupy the number 3 position on the list of business ideas that you can start with 100,000 naira.
At the moment, a good number of people find it difficult to cook food at home due to the nature of their work and busy schedules; hence, they result in employing the services of these food vendors. Working-class, students and artisans are some of the examples of people that fall into this category.
While starting a mobile food vendor business, one needs to have learned or possess cooking skills, which will give you a sharp edge over your competitors, as you have many alternatives like eatery, restaurants, and other mobile food vendors racing to have your customers. Your ability to prepare delicious, nice, and affordable meals will set you above your competitors.
While interacting with a popular mobile food vendor in OjoduBerger side of Lagos, Mr Kelechi Emmanuel expressed that his life has turned around for the better since he started the business a few years back. He expressed gratitude to a friend who first spoke about the business idea with him. However, he lamented the current price of cooking ingredients and foodstuff, urging the government to please find a lasting solution to the price hike.
What you need to start
Fast and reliable means of transportation are important aspects that must be in place for the smooth running of the mobile food business.
The good news about the business is that you don’t necessarily need a shop or office to cook your meals, you can start by cooking from the comfort of your home and expanding the business as time goes by.
4. Copywriting
Copywriting is one of the most profitable online businesses in Nigeria you can kick off with a low cost of 100,000 naira and below. If you have good writing skills and firm control of language, then this business will be your ticket to financial freedom.
The copywriting business comes in different forms: it could be writing of advert copy, blog posts, video scripts, presentation, direct mails, jingles, creative content, and so on. The main task of a copywriter is to weave content in such a way that will be convincingly enough to persuade or promote a certain product, idea, service, or cause. A copy, when well written, can perform magic on any product or services.
It can be done as full-time or a side hustle that guarantees a return on investment if one knows his or her onions very well.
Particularly, students, who have good writing skills, can explore this business opportunity to support their parents in catering for their academic financial needs.
The salaries of a copywriter in Nigeria ranges from 100,000 –300,000 naira depending on the nature of copy and organization. Some copywriters also charge clients per word. On an average, a copywriter charges 11-20,000 per 1,000 words.
To get clients as a beginner in copywriting, you can apply for a position of freelance job board, cold pitching, speaking at conferences/workshop and promoting of your business on professional platforms like LinkedIn
A final year student of the University of Ilorin, Seyi Olawaleexplained that he has been surviving from the proceeds of copywriting since he lost his father in year two at the university.
He stated further that he no longer asks his mother or family for monetary help, as the money he makes from the business is more than enough to cater for his financial needs.
What you need to start
Apart from having an inherent writing skill, copywriting just like every other skill can also be learnt. You can build from scratch or improve your copywriting skills by reading books on copywriting, watching copywriting videos on YouTube, following copywriting blogs and taking copywriting courses on online learning platforms such as Udemy and Coursera. Getting a copywriter as a mentor can also be of immense benefit while you are trying to improve or learn copywriting.
Another good news about this business is that, it is a remote one, and you practically don’t need to situate the business in a particular geography. All that is needed to start up the business is your smartphone or preferably a laptop system, a good internet connection, and, an adequate power supply.
5. Graphic design
As the saying goes, “A picture is worth much more than a thousand words”, going by this saying, it is free to say that graphic design is therefore worth much more than a million words. Graphic design is a process of projecting visual communication to communicate a particular message. It combines different elements to communicate a message to an audience.
Corporate organizations, government establishments, politicians, partisans, and virtually every sphere of human endeavor employ the services of graphic designers. While contemplating on venturing into graphic design, it is important to get yourself acquainted with the basics and fundamentals of graphic design such as: hierarchy, color, typography, lines, shapes, balance, texture, alignment, proximity, and contrast.
An Ilorin-based young graphic designer by the name, Ayomide Adeniyi stated that he makes nothing less than 120,000 monthly from graphic design simply by helping different organizations and individuals to design flyers, e-book covers, and banners. He continued that another means he makes money from the business is through the teaching of the skills to interested students.
On how he promotes and gets clients to patronize his business, the young designer explained that he gets most of his customers from a referral by people he has designed for in the past and also by showcasing and posting his designs on social media space like Facebook, WhatsApp, Instagram, and Twitter.
What you need to startStarting a graphic design just like other digital skills does not require having a particular shop/space, what is most important is learning the skill. There are various ways you can learn graphicsdesign which includes watching graphic design videos on YouTube and also by paying a professional for master classes where you will be trained on the fundamentals of graphics and how to monetise the skill.
The tools you will be needing to materialise the business idea are your laptop and smartphones. For laptop design, you will be needing software like Corel draw, Adobe Photoshop, Adobe illustrator, and a host of other similar software while you will be needing applications like Canva, Pixellab, Logo maker.
6. Selling of clothes
The importance of clothes can never be overemphasized. Clothes form part of the three basic needs of man, the others being food and shelter. Hence, it is one of the lucrative business ideas in Nigeria that can be started with a relatively low capital of 100,000 naira and below.
According to a young male clothes vendor, who is based in Ilorin, he explained that having a good relationship with your customers is the best way to grow your business. He continued that, you must also be willing to advertise your business through one on one interaction and most especially on your social media platforms to convince your existing and potential customers for patronage.
Some of the types of clothes to sell are children’s wear, native wear, English wear, jeans, underwear among others. Purchasing of these wears for resales can be made at popular clothes markets, such as Balogun market, Aswani market, Katanguamarket, Tejuosho market, Onitsha market, and Aba Market.
What you need to startWhile starting the business, having a shop may not necessarily be important from the onset, as you can simply purchase clothes and deliver them to the doorsteps of your customers.
One of the most germane qualities you must possess to make it big in the business is the ability to convince your customers on the need to purchase your product. Without proper pacification, your customers may not see the need to patronize a particular dress, as many other needs are competing for the capital of your customers.
Equally, it is also important to have good networking to people and maintain a good rapport with your customers who can in turn help to refer you to other potential customers for patronage.
7. Laundry business
Laundry is yet another lucrative business in Nigeria that is often overlooked. Due to the busy nature of most people’s jobs, it is difficult to create time for washing clothes, and that is where the laundry service provider comes in.
Richard Ojigbede, a student of Ambrose Alli University, Ekpoma, while talking about his journey so far in the laundry business stated that he used to watch customers’ clothes with bare hands in the past but the proceeding from the business has bought him 2 washing machines and a generator. He explained further that most students have no time for washing clothes due to academic stress which is of immense benefit to his business. He concluded by saying he makes nothing less than 10,000 every day from the business.
What you need to startOne good thing about the business is that you can comfortably work from the comfort of your home without necessarily owning a personal shop or space.
All that is needed to materialize the business idea are the basic tools like washing machine, iron, and generator in case of a power failure.
Laundry just like most other businesses requires you to be honest. As a laundry service provider, you must at all times be a promise keeper by ensuring the readiness of your customers’ clothes as at when due.
It is also important you establish good connections with your customers in order to improve the chances of referral to other potential customers.
8. Shawarma selling business
Shawarma is a snack that is made of beef or chicken filling. It has over the years become one of the favorite snacks of people, most especially the younger generation. This lucrative business idea can be actualized with as little as 100,000 naira and below.
Mr Sunday Agbor, who owns a popular Shawarma spot close to a supermarket in Ojodu Berger part of Lagos State explained that starting a Shawarma business requires a lot of dedication and patience. While recounting his own experience, the young man said that, the initial stage of the business was not too rosy, as he only made a few sales during the period. He continued that he presently makes more than 250,000 every month from the business.
What you need to startBefore venturing into the business of shawarma, you must first get trained on the process of shawarma making. You won’t want to start the business without a proper understanding of how it is made and start selling low-quality shawarma to your customers. This will kill your business even before it starts.
After getting trained, the next thing is to look for a good location where you can situate your business. Preferably, it is good to locate your shawarma spot in an urban area where you can easily meet with your target audience. Places like students’ area, supermarket surroundings, the entrance to an estate, bar, hotel, and T-junctions are a few of the best spots you can locate your shawarma business in order to make high profit and return on investment on the business.
Some of the equipment required for the business are shawarma toaster, show glass, pot/utensils, spron, and insect killer for flies.
9. Data reselling business
Presently, we live in a digital era where the world has become a global village and everyone needs to be connected to stay informed about what is happening in their immediate environment and the world at large. To this end, purchasing and having a data plan becomes inevitable.
According to a 2021 report from Nigerian Communication Commission (NCC), Nigerians consume an excess of 80,000 terabytes of data every month.
A data reseller is an individual who purchases data in bulk from VTU platforms and telecommunication companies at a relatively cheap price and then resells it to customers at his or her convenient rate.
A student data reseller, Miss Sharon Odewunmi expressed her satisfaction with her choice of business. She further stated that the business just like every other business requires one to have patience and good networking, as the business cannot grow without referrals to potential customers from the previous ones.
What you need to startSome of the requirements to start a data reselling business are a laptop or smartphone, capital for the initial purchase, good internet connections, and a bank account as a medium of payment.
To make money from this business, one needs to be a good marketer, this means that you must be actively able to advertise your business through face-to-face communication and your various social media platforms. You should also reduce the price of your data plans to give you a sharp edge over your competitors and equally convince your customers to purchase data from you as against buying it directly from their network service provider.
10. Declutter agents business
The advent of social media has been a blessing to humanity not just only by providing an avenue to make friends and stay connected with one’s family, but also it has continued to provide means of livelihood to some of its users. Declutter agent business is one of the fastest routes to financial freedom on Instagram.
As a declutter agent, you simply rake in your money by helping sellers to display their product for potential buyers to see and if satisfied with the product, the buyer makes the payment and you get your own percentage from the proceeding of the sales. Your job is that of a middle man who connects buyer and seller.
There is virtually nothing that can’t be sold via decluttering agents. Products such as: furniture, mattresses, generator, television, fans are few examples of varieties of things that can be sold and bought through the declutter platform.
According to a popular declutter agent on Instagram with the Instagram handle “deluxe_declutter” which has 13.5k instagram followers, she explained that she started the business with just 5,000 naira but currently makes nothing less than 300,000 monthly from the business. On how she promotes her business, the young lady stated that she reaches her audience through Instagram sponsored ads. She, however, described trust and sellers’ disappointment as the greatest challenge she faces in the business.
What you need to start
Starting this business does not also require situating it in a particular geographical location. It is a remote business that can be done at the comfort of your bedroom. What you will be needing for the business are your smartphone, Instagram accounts, data bundle and adequate power supply.
Having high followers on Instagram is also an added advantage. The more the number of your followers, the more chances of buying and selling through your platform and the more you make money from the business.
It is also important to have a good online reputation, as this will improve the people trust in you and their chances of making sales and purchases through your platform.
Conclusion
In conclusion, there are many business ideas in Nigeria that you can start with as low as 100,000 naira. What is most important is your ability to look in depth and analyze the category you best fit into. Also, it is important to have patience, as the initial stage of personal business may be frustrating and not yielding enough as expected, but with dedication and hard work, it will just be a matter of little time before you unlock your financial freedom in the business.
A recent survey by the Research Department of Statista.com revealed that 34% of Americans had less than $1,000 in their savings accounts.
This might sound disturbing, but this was actually far better than a survey CNBC reported on a few years ago that nearly 70% of Americans had $1,000 or less in savings.
Personally, I don’t think it matters which statistical bucket you fall in to claim the following: making an extra $1,000 per month would dramatically improve your life.
I know this because I’ve personally witnessed how making an extra $100, $500, or $1,000 per month has positively impacted hundreds of families.
It’s why I’ve shifted a lot of my work to helping people make extra money as a side hustle and eventually creating multiple passive income sources. The best part is there are hundreds, if not, thousands of different ways to make extra money.
I’ve purposely made this list to include strategies that can work for people with all kinds of skills and talents. You may not be able to do every one of them, but you’ll probably be able to do a few.
You’re also going to see some strategies that probably won’t fetch $1,000 per month, or at least won’t do it right away. But I included them because it’s possible to combine two or three strategies to reach the target.
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How to Make $1,000 Fast Online
1. Selling E-books
If you have an idea for an e-book, this might be one of the very best ways to create a regular income. Maybe best of all, once you get your book published and marketed, the income is totally passive! And if you can find success with one e-book, you can just rinse and repeat.
You may already be familiar with e-books, but what you may not know is how many are being published each year, and how much money people are making publishing them.
According to Amazon, thousands of independent authors have self-published e-books and earning more than $50,000. More than 1,000 have earned over $100,000 in royalties.
It’s best to make the topic on a subject you’re experienced with. But it’s also important to make sure there’s a proven market for that topic. There are ways you can research a topic idea to make sure it’s a popular one.
Once you create your e-book, you’ll need to create a sustained marketing program. That’s not easy, so check out our post How to Make Your First $1,000 Selling Ebooks to get a primer on how you can create and market your first e-book.
Skills needed: Basic technical knowledge, formatting, Google docs (or Microsoft Suite), specific knowledge about a topic, and social media knowledge.
Earning potential: Depending on the market and how you brand yourself and your product, e-Books can sell anywhere between $0.99 and $15.00 for more advanced pieces.
2. Freelance Writing
Do you see all that content out on the web? Somebody had to write each and every one of those articles and posts. And most likely, they got paid to do it.
You could be one of them, and it’s one of the best and most lucrative side hustles there is. You can easily make $1,000 or more each month writing just a few articles.
And like so many other income opportunities in this guide, this is one side hustle that can easily be turned into a lucrative full-time career.
Don’t worry if you have never written professionally before. Creating content on the web is different from book writing or print media. It’s much more casual and based more on personal experience than technical knowledge.
“I started freelance writing on the web with no previous writing experience whatsoever. But within a few years it became a full-time career, complete with a six-figure income.
More than anything, it takes a commitment to try and willingness to learn as you go along. Once you find your niche, you’ll find clients all over the web.”
– Kevin Mercadante, Freelance Writer since 2010
If there’s a topic area where you’re knowledgeable, and you have a desire to write on a regular basis, this could be the side hustle for you. And once you get up and running, you can expand to writing all kinds of content.
“I write online content for a living, earning an average of $20,000 to $30,000 per month writing articles, book chapters, and slideshows for a variety of websites and individuals.
With more money at our disposal, we maxed out our retirement accounts and invest in real estate, while we travel 12 weeks annually.” – Holly Johnson, Freelance Writer and Blogger at ClubThrifty.com
Holly has become so successful as a freelance writer that she now offers a course helping others succeed on the same path. You can read all about it in her article, How to Become a Freelance Writer (from 0 to $30,000+ per month).
Skills needed: Strong writing skills, time management, some marketing and SEO knowledge, ability to accept constructive criticism, researching
Earning potential: Once you’re well-established within an industry, there’s virtually no limit on your income potential if you manage to find the right clients. The average freelance writer can make around $150 per article.
3. Blogging
As you might’ve guessed, I’m really partial to this one! That’s because it’s been my primary bread-and-butter now for close to 14 years and it’s enabled me to provide a good living for my family. I know dozens of other people with the same experience, enough to believe that so many more could do the same thing.
The great thing about blogging is that it’s really an extension of you. That is your interests, skills, and experiences. If you feel you have a compelling story to share with others, one that will enable you to produce content on a regular basis, it’s a perfect way to help others while creating a whole new income stream for yourself.
One of the things I’ve always liked about blogging is flexibility. Like a lot of bloggers, I started out because I had my own story to tell. In my case, it was my experience as a financial planner. Think about what you’re doing now, or even what you would like to do, and work on turning that into your own blog.
But once you start one, think of it as a business. It’s another one that can start out part-time, and eventually, become your main career. And because it is a business, it’s a way of building a major asset.
Another blogger who I’ve become friends with over the years, Larry Ludwig, recently sold his blog for—get this—$6 million. Larry’s hardly the only one who’s done that. But it does give you an idea of the business potential blogging can create.
I think for most people, the hard part is getting started. You may have an idea about starting a blog, but you’re not sure exactly how to start or what topics you’ll take on. But like everything else, you can learn how to blog. It didn’t happen overnight for me, but then few blogging resources were available when I started out in 2008.
If you’re interested in starting your own blog, take advantage of my guide, How to Start a Blog From Scratch and Make it Work. It’s free, and right here on this website. In it, you’ll find all the resources you need to start a successful blog.
If you want a more specific instruction guide, sign up for my
Make $1k Challenge. Order the program, and you’ll get the exact blueprint for how I took my blog from a hobby to a $1,000 per month venture.
Skills needed: Technical knowledge (WordPress, SEO, web marketing), writing ability (doesn’t need to be perfect when you start), social media, topical expertise (although being passionate about something might prove just as effective).
Earning potential: Unlimited. Once your blog becomes well-known as frequented by users across the world, there’s practically nothing to prevent you from earning top dollar for your content.
4. Facebook Ads for Small Businesses
Facebook is the biggest social media platform in the world, with nearly 3 billion users globally. That creates plenty of ways to make money on Facebook.
One popular way to do that is to run Facebook ads for local businesses. You don’t need to be an advertising professional to do this, only someone who knows their way around Facebook and is willing to put in the effort. After all, small businesses don’t have advertising departments.
One gentleman who has found success in providing Facebook ads for small businesses is Bobby Hoyt from Laptop Empires.
“When I first started working online back in 2015, I started in the digital marketing world, helping small business owners reach more customers,” Bobby reports. “Many of them who wanted to run Facebook ads for their business didn’t know how to themselves, so I provided the service for them.”
This is another one of those skills where you don’t necessarily have to be an expert, you just have to know more than the average person. And like everything else, you’ll get better at it with time and experience.
Skills needed: General knowledge of Facebook, Facebook Ads, campaigns, and digital marketing.
Earning potential: Depending on how quickly you’re able to find new clients and develop a working portfolio, your potential earnings could easily top the $1,000 mark designated on this post.
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5. Crypto Bot Trading
This is one for the cryptocurrency investors in the crowd. I’ve been increasingly earning income from various activities in the crypto space. Turns out there are more ways to make money there than just buying one or two cryptos and waiting for the prices to skyrocket.
One way I do this is through crypto bot trading. It’s a way you can engage in actively trading cryptocurrencies without having to sit in front of your computer and monitor the crypto universe all day. Instead, you use a software program that does the trading for you, which is why it’s referred to as a bot.
Crypto bots trading
One way to do this is through what’s known as grid trading. That’s where you place buy and sell orders at predefined intervals based on a fixed price. You can set a specific buy price, as well as a sell price. As the price rises within that range, you’ll make a profit. Once you set the price points, the whole process will be completely automated.
The strategy works best on a crypto with consistent price fluctuations, which is really most of them. The more they fluctuate, the more profit opportunities you’ll have.
It’s not a strategy for everyone, but if you’re into crypto and looking to capitalize on short-term trades, this is definitely a way to go.
Skills needed: General crypto knowledge, investing knowledge, financial literacy, technical savvy.
Earning potential: Dependent on investible sources and market returns, volatility, etc.
6. Dividend Income
Admittedly, this isn’t a strategy for many readers. But if you have a couple hundred thousand dollars in investible funds, or you’re on a path to get there, this is a workable strategy. It’s also a way to earn a relatively safe return without resorting to the 0.0-something percent being paid on savings accounts, or >1% being paid on 12-month certificates of deposit.
I cover the nuts and bolts of dividend income in How to Make $1,000 Per Month in Dividends, but let me give you the summary version here.
To generate dividend income successfully and consistently, you’ll not only need to invest in high dividend-paying stocks but also those that have a proven track record of paying them. Just because the stock pays a high dividend doesn’t mean you should invest in it. After all, companies can cut dividends.
Skills needed: Intermediate investing knowledge, investible funds,
Earning potential: Depends on funds you have to invest and the average dividend yield on stocks held in your portfolio.
BONUS: Where to Find High Dividend Stocks
A better idea is to choose among a list of stocks known as the Dividend Aristocrats. These are companies that are included in the S&P 500 and have provided at least 25 consecutive years of dividend increases.
A website called Sure Dividend puts out a list of Dividend Aristocrats that’s updated daily. (You’ll need to enter your email address to get the full list.)
There are currently 66 companies on the list, and many of them are household names. The dividend payouts have a wide range, but there are a handful of stocks that pay above-average yields. That means this is a situation where you may be better off buying individual stocks rather than a fund tied to the whole index.
Examples include:
Chevron (CVX), 4.3%
AbbVie (ABBV), 3.9%
Franklin Resources (BEN), 3.8%
Leggett & Platt (LEG), 4.4%
3M (MMM), 4.0%
Walgreens Boots Alliance (WBA), 4.1%
IBM (IBM), 5.3%
Amcor (AMCR), 4.0%
Realty Income Corp (0), 4.4%
Exxon Mobil (XOM), 4.6%
Those are the 10 highest dividend-paying stocks on the list. If you are to divide your portfolio with equal allocations to each of the 10 companies, you have an average annual dividend yield of 4.3%.
A quick calculation shows you need about $279,000 to earn $1000 per month, or $12,000 per year, with a 4.3% yield.
But even if you don’t have that much money, you can use whatever capital you have to generate a high and relatively safe return.
You can invest in individual dividend stocks through online brokers, like Robinhood, M1 Finance, Ally Invest or SoFi. Best of all, none of those brokers charge commissions for buying and selling individual stocks.
“I don’t own a single asset, anywhere, that doesn’t pay a dividend.”
Kevin O’Leary
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7. Crypto Savings Accounts
This can be an even better way to earn high interest on your money than dividend stocks. And higher returns mean you’ll need less capital to get the income you want.
One of the best sources of high interest are crypto savings accounts. These are available on crypto exchanges. Those exchanges, which naturally specialize in trading cryptos, have expanded to offer other services, like interest-bearing savings accounts.
As an example, BlockFi—which is a crypto exchange I invest in – was paying as much as 9.25% interest on certain cryptocurrencies.
Celsius crypto savings account
Another platform, Celsius, is currently offering an unbelievable 17% rate.
Note: On July 13, 2022, Celsius Network and certain of its affiliates filed for voluntary Chapter 11 bankruptcy.
Now I have to caution that this is not the same as having money in the bank. None of these accounts are protected by FDIC. But if you’ve got money to spare, and you want higher returns than you can get at a bank or even on dividend stocks, this is an income source to consider.
Skills needed: Basic understanding of the crypto market, the right crypto exchanges, and which currencies pay the highest interest (most pay none at all).
Earning potential: Depends on funds you have to invest and the average interest paid on the cryptos you hold.
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8. Real Estate Income
This is one of the most time-honored ways to earn consistent, long-term income. Probably the most popular way to do it is with rental income property you purchase at a good price, perform any renovations, and rent it out to tenants.
As time goes by, and rents rise, your income from the property grows. With just a couple of properties, you could be earning a net profit of $1,000 or more per month in just a few years.
And since you’ll be using mortgage financing for most of the purchase price, your upfront investment will be relatively low.
To get more information on how to invest in real estate successfully, read
Joseph Hogue’s post on this site, 7 Rules I Learned After Going Broke in Real Estate Investing. The rules he lists will help you avoid the pitfalls that can turn real estate investing into a complete disaster.
Skills needed: Communication, management, market analysis, negotiation, and vision.
Earning potential: Dependent on your ability to manage multiple projects, keep them occupied, increase monthly income streams.
9. Personal Coaching
If you’re fairly accomplished in your field, meaning you have more experience and success than the average person doing the same job, personal coaching may be a way to earn some extra money.
Let’s say you’re a career professional, occupying a middle-level management position. You may be able to use your combination of experience and skills to coach those who are either new to the field or less experienced.
You may not think you have much to offer, but to a person lower on the career ladder, you may have more than you think.
Being a personal coach isn’t limited to career development, either. You can also branch out to become a personal life coach. That can include helping people better manage their finances.
There are plenty of online resources to help you become a personal coach. For example, if you want to become a financial coach, you can sign up for Dave Ramsey’s Financial Coach Master Training.
Skills needed: Listening skills, empathy, vision, honesty, and good communication skills.
Earning potential: The U.S. Bureau of Labor Statistics places life coaching in the $33K to $95K salary range.
10. Online Communities (Membership Sites)
This is one of the more advanced moneymaking strategies on this list. Basically, it involves creating a website that will require a paid membership to access.
That can be a tough sell given that there are so many free websites across the World Wide Web. But visitors will pay to join a site that provides highly specialized information. And charging a monthly membership fee is a way to generate a steady cash flow. Meanwhile, you can add other revenue streams from the site, like display ads and product promotions.
If you have highly specialized information or access to sources of it, there’s plenty of potential here. The website SmartBlogger offers 7 Membership Sites that Make $100K+ Per Year. Examples include sites dedicated to growing orchards, business coaching, blogging, weight loss, and other topics.
One popular strategy is to create a free website providing valuable information but setting up a paywall for those who want the really good stuff.
Skills needed: Networking, social media marketing, web development, marketing, topical expertise.
Earning potential: Depending on the industry, your income potential can be anywhere from $1,000 to virtually unlimited income.
11. Podcasting
You can probably think of podcasting as the audio equivalent of blogging. It’s becoming increasingly popular since people will listen to podcasts while driving, working out, and doing other routine tasks.
Podcasts can appear on blogs and even be placed on YouTube. But two of the most popular destinations are Spotify and Apple Podcasts.
Much like blogging, you can make money promoting specific products or services through affiliate marketing, sponsorships, selling online courses, and even coaching and consulting.
Skills needed: Speaking and communication skills, audio production, organization, marketing, personal brands, and passion.
Earning potential: Top-earning podcasters can make anywhere between $500 and a couple thousand dollars per episode.
12. YouTube
This is another moneymaking venture I participate in. I started my YouTube channel, Wealth Hacker – Jeff Rose, a few years ago, and already have nearly 400,000 subscribers.
If you’re committed to creating quality content, YouTube can be a steady moneymaker. For some, it’s even turned into a virtual gold mine.
Part of what makes YouTube so interesting is that you can create video topics you’re interested in and where you have at least above-average knowledge. But it also offers multiple ways to generate revenue.
You can use your YouTube channel to promote your business, product, or service you’re selling. That can include online courses, personal coaching, or even promoting your blog or website.
But you can also monetize your channel through sponsorships, affiliate marketing, or Google Adsense. The cool thing about these income sources is that they’re completely passive. Once you have your videos up and running, revenue is coming in 24 hours a day, seven days per week. If you get a bunch of videos up and running, you can really make bank.
If you don’t think you can find success on YouTube, please read my interview with Emily Dihle (formerly Eddington),
Beauty Broadcast’s Emily Eddington: How a Small Town Girl Got 17 Million YouTube Views and 100,000 Raving Subscribers. Emily has been able to build a big-time YouTube channel centered around makeup.
Now, beauty may not be the subject that appeals to you, but Emily’s story gives you an idea of what can be done with YouTube. People are turning all kinds of topics—diet and exercise, finance and investing, beauty, travel, politics, and many more—into successful YouTube channels.
If YouTube is something that interests you, check out my guide, How to Make Money on YouTube.
Skills needed: Excellent voice and communicational skills, video editing skills, networking skills.
Earning potential: High-value YouTube channels make around $3 to $5 per 1,000 views on the platform.
13. Flea Market Flipping
This is an activity I’ve only dabbled in. But I have enough experience to know that there’s some serious money to be made with flea market flipping. Thousands of people are doing it, and you can too.
It’s all about buying salable items for a fraction of what you can sell them for. I even put together an article, Best Items for Garage Sale Flipping for Fun and Profit, listing some of the best items for profitable sales.
A couple I discussed in the article above, Rob and Melissa Stephenson, have become full-time flea market flippers.
They even host their own website, Flea Market Flipper, to help others find success in the venture. If you’re interested in turning this into a serious side hustle—or even a full-time business—they offer several courses to help you get there.
You can make a few hundred dollars a month, a few thousand dollars a month, or—like the Stephenson’s—turn it into a full-time business earning six figures.
Skills needed: An eye for valuable items, networking, some social media knowledge, photography.
Earning potential: Anywhere between a couple hundred dollars to a couple thousand if you’re good at finding invaluable items.
14. Selling Sneakers
Flea market flipping is just one way to play the flipping game. You can even specialize in very specific items to sell. To give you a personal example, and seasoned investors.
And with the recent volatile activity in the stock market, options may be more valuable than ever.
Options give investors two important advantages:
The ability to minimize losses on current stock positions, and
The ability to profit from the purchase or sale of securities you don’t actually own.
Either scenario is possible because while an option gives you the right to buy or sell a security, there is no obligation to do either. You’ll pay a relatively small fee for the option.
If the stock the option applies to performs as you expect, you can exercise the option to either buy or sell the security and realize a nice profit without ever owning the stock.
And if the stock doesn’t perform as hoped, you can simply let the option expire. Your only loss will be the cost of the option itself. That small investment will give you the ability to speculate on different stocks with only a fraction of the investment capital you would need to buy the stocks outright.
You can get a good overview of options trading in my guide, Trading in Options: A Guide for Beginning Investors.
Skills needed: Research, investing knowledge, discipline, patience.
Earning potential: 10% – 50% per trade, depending on your investible assets.
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17. Credit Card Rewards
This is another strategy that may be unlikely to generate $1,000 per month consistently, but it can definitely help you reach that goal in combination with other strategies.
You’ll want to start by choosing among the best cash-back credit cards available. Many of these cards also pay sign-up bonuses, which will pay several hundred dollars if you meet minimum spending requirements within the first three months of having the card.
If you like to travel, you can also choose travel-related credit cards. They’ll enable you to accumulate points toward travel, and even get you free travel deals.
I was able to take my family on a $15,164 all-inclusive resort vacation to the Dominican Republic. If you can do that just once each year, that would be the equivalent of well over $1,000 per month!
Now admittedly, that’s an exceptional deal. But the point is, there are very lucrative travel deals out there to be had with the right credit cards.
Meanwhile, you can earn cashback on everyday purchases using your credit cards. You’re going to spend the money anyway, so why not use your credit card to build up cash rewards and points?
But if you do use this strategy, be sure to pay off your credit card balance in full each month. The purpose here is to get the benefit of the rewards, not to spend yourself into a debt hole you can’t get out.
Skills needed: Buying power – the more you use your credit cards, the more successful you’ll be; willingness to track the credit card rewards market to find the most lucrative offers.
Earning potential: Capped, dependent on how much money you spend and the rewards level provided by your credit card(s).
18. Pay Off Your Student Loans
The statistics on student loans are downright scary. 43.4 million people owe $1.75 trillion, with an average balance of $40,904. The monthly payment on that debt approaches $400.
Debt numbers like that can keep a lot of young people from ever getting out of the starting gate. That’s why it’s so important to pay it off.
But paying off your student loans will also improve your cash flow. If you fit the “average” category, paying off your debt will free up about $400 per month.
What’s more, that will represent a source of income that isn’t taxable. If it were, monthly income would likely be something higher than $500.
There is no magic formula for paying off a big student loan debt. But in How To Payoff Student Loans Faster Than Ever, I spell out nine strategies to get the job done in a lot less time. That’s important because student loan balances don’t seem to drop the longer they are outstanding.
One pay-down strategy is to dedicate income from a side hustle – like the ones I’m presenting in this guide – to paying off your student loan debt. That can erase the debt from your life in a lot less time, without disturbing your regular paycheck.
Skills Needed: Commitment to live beneath your means, and target extra funds into debt reduction. Also requires healthy doses of discipline and patience.
Earning Potential: Determined by the size of your monthly payment (s). The nationwide average is $460 per month.
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19. Amazon FBA
If you’ve been looking for ways to earn additional income, you’ve probably at least heard of Amazon FBA. It’s a way to earn money by piggybacking on the world’s largest home delivery service. Though many use it as a side hustle, more than a few have turned it into a full-time occupation.
You can read our guide, $0 to $1000 a Month with Amazon FBA, written by John Elder. In it, John covers everything you need to know to launch an Amazon FBA channel.
One of the biggest hurdles for would-be Amazon sellers is product selection, and that is a major issue. But John covers that all-important topic in the guide.
“This is where most people go south,” writes John. “The harsh reality is that most fail on Amazon due to improper upfront product research. Most go with their gut or chase seasonal-type items.
The worst is chasing trending items like face masks. Thanks, Covid! Instead of chasing trends, chase evergreen products.
Evergreen products are sold year-round, 365 days a year with no end in sight. Examples of evergreen products include things like Phone chargers, kids’ toys, and office supplies. Those are just a few. The vast majority of what is sold on Amazon is considered ‘evergreen.’”
Skills Needed: The ability to identify the most profitable items to sell, as well as marketing skills, organization, and the ability to manage a network. Having a passion for a specific product or product line is a major advantage.
Earning Potential: Varies, but at least $1,000 per month, according to our guide listed above.
20. Become a Virtual Assistant
There are millions of small businesses, including blogs and websites, that need specific services performed. Since they’re small businesses they may not have the workload or the budget for full-time employees.
That’s why many of these businesses are hiring virtual assistants to handle these tasks.
Virtual assistants are needed for all kinds of jobs, like data entry, proofreading and editing, customer service, bookkeeping, research, and so many more. The work is done entirely online, which means you can work from home and typically on your own schedule.
You can think of being a virtual assistant as having a part-time job, except that it’s done from home. You may be paid either on an hourly basis or by the job.
I share more ideas on becoming a virtual assistant in my post, How to Become a Virtual Assistant.
Skills Needed: Training and experience and commonly needed skills, including administration, accounting and bookkeeping, marketing, communications, customer service, and many other capacities.
Earning Potential: The average hourly pay for virtual assistants nationwide is $21.34. You can earn over $1,000 per month five working roughly 50 hours, or about 12 hours per week.
21. Create an Online Course
I’ve covered various moneymaking strategies in this guide, including YouTube, blogging, and podcasts. If you do any of these, creating an online course is an excellent way to earn extra money using those strategies.
But you can even sell your online course through other people’s blogs, YouTube channels, and podcasts, by paying an affiliate fee for each sale.
I’ve done this myself by creating an online course geared toward financial advisors, to help them build their online presence, so I know this strategy works. The course has earned more than $200,000 since I launched it a few years ago.
That was my online course niche, but the field is wide open. You can create a course based on whatever your expertise is. Usually, the best choices will be those where there’s plenty of competition.
For example, there are a lot of successful online courses for investing, cooking and baking, photography, and even how to create online courses.
There’s a lot more to this strategy than just creating a course and putting it up for sale. If you’d like to learn how to launch an online course, check out my guide, How to Create an Online Course: A Step-by-Step Guide.
Skills Needed: Expertise in the topic area your online courses will focus on; organizational skills, the ability to incorporate outside resources, good presentation skills, and marketing skills. You’ll also need the ability to develop an affiliate market to expand sales. It may also require an investment of several hundred or several thousand dollars to create the course.
Earning Potential: With the average price of $137 for an online course, you can make over $1,000 per month by selling just eight each month. After that, the sky’s the limit!
22. Create a Digital Product
This strategy covers a lot of ground, including some already listed in this guide, like online courses and e-books. But those are just two of the potential products to consider.
A digital product is any product you can create that is both marketed and sold online. That includes how-to guides, music, videos, audiobooks, art, photography, video games, and—if you have the skill—computer software.
This is another income source that has strong potential to become passive income. Once you create and market your digital product, sales—and money—will come in with not much more effort on your part.
There’s a big advantage if you already have a blog or YouTube channel to market your digital products. But even if you don’t, you can market through other people’s blogs and YouTube channels through an affiliate arrangement.
And if you find success with one product, you can create others. As you expand your marketing reach to many different blogs and YouTube channels, this is one strategy with serious potential to scale up.
Skills Needed: Expertise in the topic area that will be the subject of your digital product. Presentation skills, marketing, search engine optimization, and networking.
Earning Potential: Potentially unlimited, especially if you can develop a successful affiliate marketing campaign.
23. Become a Freelancer in Your Area of Expertise
I spent a good bit of time covering freelance writing in #2 above, but the freelance concept could really be applied to just about any skill you have.
Other skills include:
web design
social media manager
data analyst
graphic designer
photographer
video editor
SEO consultant
interior designer
digital marketer
You can take a skill you are using in your job and sell your services as a freelancer. But it may also be possible to provide an unrelated service where you have expertise.
One of the benefits of freelancing with anything is flexibility. Though it can start out as a side hustle, it has real potential to turn into your primary occupation. It all depends on how far you want to take it.
The website Upwork has an excellent article on how to market your freelance service, 6 Effective Ways to Market Your Freelance Business. And, not coincidentally, Upwork is also a well-recognized platform where you can market your services to potential clients.
Skills Needed: Training, experience, and certifications in any common trade or skill. Ability to market your services, meet deadlines, and troubleshoot problems are essential. Must also be willing to advance your skills settling and successfully adjust to changes within the field.
Earning Potential: Easily over $1,000 per month if you have the needed skills, available time, and a willingness to put in the effort. More highly skilled individuals can earn much more.
24. Tutoring
Of course, this is a perfect site helpful for teachers. But don’t rule it out if you aren’t a teacher. Nearly anyone with a specific skill can be a tutor, either for students or for adults looking to up their career skills.
If you want to provide tutoring to students, you can market your services through local schools and colleges. Depending on the subject, tutors can earn between $25 and $50 per hour.
You can choose to tutor in-person, one-on-one, or provide virtual lessons. In-person tutoring will be limited to your geographic location. But if you go the virtual route, your market can be national, or even global.
As is the case with just about anything you want to do these days, there are web platforms to help tutors. Two examples are Wyzant and TutorMe. Each is an online platform that matches students with tutors in specific subjects.
While academic subjects, like math, science, history, and test preparation, are always in demand, you can also offer tutoring in professional skills, like computer science, engineering, professional disciplines, and, if you have the skill, a foreign language.
Skills Needed: A degree and certification in teaching is helpful. But a major in any common subject, particularly math or science, combined with above-average command of the subject matter are more important. Other skills include patience, positivity, empathy, ability to listen and communicate, and good time management skills.
Earning Potential: Varies by hourly rate and number of hours worked per month. $500 to $1000 working 20 hours per month.
25. Teach English as a Second Language
Speaking of foreign languages, it’s also possible to make extra money teaching English as a second language. Not only are there a large number of recent immigrants to the U.S. who are looking to learn the language, but it may also be possible to teach English to students in foreign countries.
English, after all, is practically the global language of both business and the Internet. Millions of people in other countries are looking to master the language as a way of improving their business skills.
Like tutoring, you can market your skills locally through area school districts. But if you want to tutor international students, there’s a website called SayABC that can make it happen.
You’ll need to be certified in teaching English as a second language, but they have a ready market for potential students. They currently pay $17 per 40-minute tutoring session.
The big advantage with SayABC is that the lessons are provided virtually. That means you can work from home and decide exactly how much time you want to commit.
Skills needed: Overall grammar, linguistics, and written English language education, communication skills, presentation skills, classroom management.
Earning potential: Salaries may range from $14 to $25 an hour, depending on location and other factors.
26. Sign Up to Be an Amateur Sports Referee
If you’ve ever been to a sporting event for school-age kids, you’re aware there are always referees. In many cases, those referees are being paid for those games.
That takes in both school-related sports and local recreation leagues, like Little League baseball. Referees can earn between $25 and $50 per hour and there are often no certifications required.
You can usually qualify if you are knowledgeable about a sport, especially if you currently play or have played in that sport in the past.
This is a real thing. I knew a high school-age girl who was making about $40 per hour refereeing recreation soccer for kids under 14. Her only qualification was that she played soccer when she was under 14 herself.
Another guy I met a few years ago was making over $1,000 a week refereeing high school football and baseball games during a time of extended unemployment.
I have a feeling his unemployment lasted quite a bit longer because he was enjoying the work and the lack of stress that comes with a “real job”!
Skills needed: Teamwork, stamina, decision-making, reflexes, sports rules knowledge, communication, conflict resolution.
Earning potential: Anywhere between $25 to $500 per game, depending on the specific sport and participant age level (recreation league, high school sports, college sports).
27. Become a Handyman
Do you have a knack for being able to fix things around the house? If you do, you can turn that into a steady second income. Don’t underestimate what the potential is here.
As millions of people have moved into professional, managerial, and technical positions, they no longer have the time or expertise to perform routine home repairs. And contractors can be expensive!
There was a guy in my former neighborhood, an IT professional by trade, who started doing home repairs around the neighborhood. Roland was mostly doing odd jobs for people he knew. But as word got around about his skills, he was soon getting calls from people he didn’t know.
In time, he became the neighborhood handyman. And from there, he expanded his services into three or four neighborhoods. He earned enough from his handyman work that he was able to quit his IT job, which he didn’t much care for.
Just from the endless supply of word-of-mouth referrals he got from that handful of neighborhoods, he didn’t even need to advertise. In fact, he turned away calls from people who didn’t live in those neighborhoods.
You don’t have to become a full-time, self-employed handyman as Roland did. But if you know how to perform routine repairs, you may be able to generate a nice second income just helping people in your neighborhood.
Skills needed: Plumbing, carpentry, electrical work; fixtures, maintenance, masonry, concrete, repair work
Earning potential: Part-time and full-time handymen make between $24K to $60K a year, respectively.
28. Rent Out Storage Space in Your Home
In #8 I covered real estate income. This one’s a variation on the same theme. If you’re already a homeowner, but you have no interest in buying a rental property, you may be able to generate income from unused space in your home.
Let’s say you have extra space in your garage, an empty shed on your property, or even attic space. You may be able to earn several thousand dollars per year renting out the space to someone who is looking for storage.
If you do have garage space, you may be able to collect the rental for the storage of an additional vehicle.
There’s even a web platform called Neighbor that will help with the process. You can list your available space on the platform, entertain requests from potential renters, then schedule prices and terms.
It can be the perfect way to generate a passive income from your home, effectively monetizing space you aren’t using anyway.
Skills needed: Networking, time management, resource management, real estate property.
Earning potential: Dependent on how much rentable space you own and have available.
29. Offer Your Artistic Talent on GigSalad
Do you have an artistic talent you’ve been looking to put to good use? There’s a website called GigSalad where you can list your services for hire. The platform provides everything you need to book gigs, including getting leads, sending quotes, and even collecting payments for your services.
Don’t underestimate your potential here. Many thousands of businesses and individuals are looking for specific talent for one-time or short-term gigs. They have a long list of artistic skills on the platform.
Examples include singers, solo musicians, bands and groups, actors, speakers, characters for children’s parties, acrobats, and comedians. But there’s also a need for hairstylists and makeup artists, bartenders, caterers and wait staff for special occasions, entertainment for outdoor parties, and of course, photographers and videographers.
Skills needed: Photography, music, handcrafting, home repair, home improvement, etc.
Earning potential: Dependent on your marketable skills and ability to perform multiple gigs. Some gigs pay more than others.
30. Flipping Websites
You’re probably familiar with house flipping, or even business flipping, where people buy houses or businesses, improve them, then sell them for big profits. Well, the flipping concept is extended to just about everything, including websites.
The market here is huge. There are literally millions of websites, and some of them are up for sale. That can include websites that are no longer active, and the owner wants to sell. Each represents an opportunity to buy a live website that you can build up and sell for a nice profit.
And much like trading stocks, this is the kind of business you can do as a side hustle, and on a regular basis. There are plenty of websites available to keep you going. It could be the perfect side hustle if you have a specific topic niche you can blog about, then upgrade the site, its traffic, and revenue.
I wrote about how Larry Ludwig sold his site for $6 million in #3. This is a similar principle except you’re doing it on a much lower level. It’s possible to buy active websites for just a few thousand dollars, or even a few hundred. With an additional investment of just a few hundred dollars, you may be able to build up the site and sell it for several thousand dollars.
Where can you find websites to buy—and later sell?
It turns out website flipping is now a well-developed industry. Web platforms like Flippa and Empire Flippers can be used to both find and purchase new websites, and to sell sites when you’re ready.
Skills needed: Web development, design, content marketing/creation, social media marketing, networking.
Earning potential: Unlimited.
31. Buying Websites to Generate Passive Income
There’s one other way to play website flipping, and that’s to buy sites that generate passive income. I have a website, Life Insurance By Jeff, where I earn several thousand dollars per month with only a few hours of work each week.
Now I didn’t buy that site; I built it from the ground up. The revenue model is a little bit different from most websites because the income is generated by selling leads from the site to insurance agents.
But you can use the same principle in buying existing websites in your favorite niches, building them up, then getting the benefit of the almost passive income they generate.
For example, you can typically buy a website for about twice the annual revenue it generates. With an investment of $6,000, you can purchase a website that produces $3,000 per year in annual income. That works out to be $250 per month. Buy four sites, and you’ll be looking at $1,000 per month.
You may have to do some work to upgrade the sites when you buy them, and then periodically add content to keep them fresh and active. But if you can get up and running, it can create additional revenue streams using web topics that interest you.
Skills needed: Resourcefulness, buying power, web development, content marketing, eye for detail.
Earning potential: Unlimited.
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32. Create and Sell Crafts on Etsy
Etsy is practically a cliché when it comes to making extra money, and it’s a legitimate one at that.
If you have skills in creating crafts, it can be the perfect way to sell them to a global audience, rather than limiting yourself to local craft shops or flea markets.
Emma Healy has an excellent guide on what to sell on Etsy, 30 Things to Sell on Etsy To Make Money (2022 Guide), over at Mums Money. There are plenty of online resources to help you start and grow your own sales channel on Etsy.
If you have a talent for creating items, this is a good way to monetize that skill by doing something you enjoy.
Skills needed: Photography, social media marketing, textiles, woodcraft, papercraft, jewelry, pottery, and more.
Earning potential: Dependent on your ability to manage time effectively, market your products, and establish a following.
33. Get a Part-time Job – The Rates Have Gone Up!
This may sound too obvious—and conventional. But the pay for part-time work has increased dramatically in just the last couple of years with the Great Resignation.
With the current labor shortage, it’s hard to find an operation anywhere that doesn’t have a “help wanted” sign. Restaurants, grocery stores, retailers—you name it, they all need people.
Even though the federal minimum wage still sits at a ridiculously low $7.25 per hour, most employers are paying a lot more. It isn’t hard to find a part-time job paying $15 an hour or more, especially if you bring specific skills and experience to the job. And on top of the higher pay, some employers are even paying sign-on bonuses.
It’s true enough that at $7.25 per hour you’d have to work about 138 hours per month (or 31.75 hours per week) to earn $1,000. That’s practically a second full-time job!
But at $15 per hour, you only need to work 67 hours per month—or a little over 15 hours per week—to clear $1,000. Actually, you don’t even need to do that.
By working just 10 hours per week, which may be just a couple of shifts, you can make about $650 per month, and earn the additional $350 using one of the other strategies above.
Think of it as a hybrid strategy to make an extra $1,000 per month.
Skills needed: Soft skills, spare time, adaptability, honesty, resourcefulness, punctuality.
Earning potential: $350 – $1,000 per month.
Bottom Line on Making $1,000 Monthly Fast
For every person that claims that making an extra $1,000 per month is not possible, there is someone else out there willing to experiment and test out new ideas.
My hope in publishing this article is to demonstrate several ideas that I, or someone else, have personally achieved success with generating extra monthly income.
The key is reprogramming your mindset to believe you have the skills and capabilities to generate an extra 1,000 dollars on the side. Chances are the $1,000 idea won’t work – and that’s okay!
Chalk it up to a learning lesson and move on to the next idea until you find one that works. Repeat this process and I’m confident you’ll be making MUCH more than $12,000 per year.
In fact, I believe you’ll be on the fast track to achieving financial freedom. It’s time to get to work!
About the Author
Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. Jeff is an Iraqi combat veteran and served 9 years in the Army National Guard. His work is regularly featured in Forbes, Business Insider, Inc.com and Entrepreneur.
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