If you are keen to make some extra money this year, then one way you might want to do that is by setting up your own side-business on the side of whatever other ventures and profit streams you might have in place already. The truth is that these side-businesses can be very lucrative, and it’s a great way to ensure that you are keeping your finances in check while increasing your potential at the same time. In this post, we are going to take you through a very simple but effective kind of side business that you might want to consider setting up for yourself this year.
Provide An Online Service
Essentially, this is a business where you are providing people with an online service of some kind – one that they are going to be paying for frequently via a membership. If you have something that you are knowledgeable about, and you want to share that around and profit from it, then this is a great business model to follow. These days, it is easier than ever to do this, and as long as you have genuinely got the necessary means of putting it into place, you’ll find that it works out pretty well. So how does it actually work?
Start An App
First of all, what you need to do is to start up an app that people are going to be able to download. Through this app, you will ideally have everything that the person needs in order to finish the course or whatever it is that you are offering in particular. The point is to make it as easy and simple as possible for them to do so, and having an app is often a great way to make sure of that. So start building your app right away, and make sure that it’s easy to use and enjoyable too.
You need to take payment at some point, and you will want to make sure that this is as easy and simple as possible, as otherwise you are going to struggle to keep people coming back. There might also need to be payments for one-off purchases such as book downloads, so you’ll need to create fully featured payment solutions for your mobile app in order for that to work. As long as you do this right, however, you should find that you are going to have an app that works, and which your customers are actually really happy to use, and that’s a good place to be.
Provide The Content
Then it’s a case of actually providing the content that they have come for, and this needs to be done as fully and honestly as possible. They should not feel as though they have been short-changed at all. If you can do this right, you are going to find that you’re much more likely to get more and more people on board, so this is the kind of thing that is really important to think about.