In this post, I will reveal five side hustles to make extra money from home with the potential to earn six figures. It doesn’t matter if you’re working a full time job or not, because you only need to dedicate a couple of hours each day to get started.
Keep in mind that no matter the type of side hustle that you choose, each one will require work on your part and none of them are get rich quick strategies. I will start by listing them first and then will go over each one with separate blog posts.
What Are The 5 High Paying Side Hustles?
1. Lead Generation For Local Businesses
2. Facebook Ads Manager
3. Amazon Children’s Book Publishing
4. Affiliate Marketing
Let’s start things off with lead generation for local businesses. I recently dropped by a local pizza joint in my city that I’d heard good things about but never got around to visiting. I finally made the decision to drive down to the pizza restaurant to check it out only to discover it had gone out of business.
I don’t know for sure why the restaurant was closed, but it’s a fact that many local businesses are struggling today. According to data from the U.S. Bureau Of Labor Statistics, around 20% of small businesses fail within their first year. The data also shows that after five years, another 50% of businesses fail. After 10 years, the survival rate drops to about 35%.
The factors that cause many businesses to fail vary, but one thing that you can know for sure is that every business needs a constant source of customers to buy their products and services.
However, not every business needs your help, but many do. By providing lead generation services, you can provided needed assistance to many companies that are struggling to grow without your help.
How To Get Started
The first thing you need to do is pick a niche. It will make it easier for you to scale your business by picking one niche and becoming an expert in that niche rather than trying to generate leads for several different niches. Some niche ideas are plumbers, dentists, pest control, or lawyers to name a few.
Once you’ve decided on a niche, you can then pick a city that you want to work in. You don’t have to live in the city that you will be working in as you can do lead generation while working from home. Try to avoid large cities and look for small towns and cities with less competition.
How do you generate leads for a local business?
The types of leads that you can generate for businesses are email addresses, phone numbers, and phone calls. We will focus on generating phone calls in this post.
Using Google paid ads is a fast way to generate calls for local businesses. When you sign up for a new Google Adwords account, Google will give you a $100 credit that you can use to get started generating leads. Then take those leads and give it to a business for free. The free leads prove your ability to generate leads to the business owner while providing instant credibility.
Ranking YouTube videos on the first page of Google is also another method for generating phone calls. YouTube videos rank faster than websites and have a large thumbnail that stands out in the search results. Simply add a tracking phone number from a service like Twilio to the video description and forward the calls to the business.
Google Pay Per Call Ads are similar to Pay Per Click, except you are sending calls to a business instead of clicks to a website. When it comes to generating phone calls, Pay Per Call is a better choice of the two because people may click on a website and not make a call.
You will still be charged for the click, but when a person makes a call from your Pay Per Call ad, you’re getting the desired result you wanted from the ad, which was a phone call to the business. You can get cheaper calls by using Google pay per call ads. You can sell phone leads for $20, $60, $100, or more depending on the niche.
Make sure that the business that you decide to work with has some type of online presence and are already spending money on advertising. If you don’t you will find it difficult to sell to a business that do not already have an advertising budget and doesn’t believe in spending money on advertising.
How Do You Get Paid To Generate Leads?
You can charge the business on a per call basis. Let’s say that you send 50 calls per month to the business and charge $20 per call, you will have earned $1,000 for the calls. It’s important to remember that you get paid per call and not per sale. It’s up to the business to close the sale.
It’s best to avoid businesses that have poor customer service or just don’t answer their phones. The way you find out is to call them yourself to see if they answer the phone and whether or not the person on the other line has good customer service.
Picking once niche and getting results for that niche comes into play once again when generating phone calls. When you create a successful call generating campaign in one city, all you need to do is duplicate that campaign in another city. This allows you to scale your business and income without having to start over again from scratch.
If you would like to learn more about how to generate calls to local business, be sure to attend the FREE online class and get your copy of the Google Pay Per Call Ads Cheatsheet: “How To Get Sales & Leads Cheaper Than Adwords”.
Enter your email below to attend the class and get access to the free cheatsheet.
On my next post, we will move on to number two of five side hustles that can make you six figures working from home.
Until then, be blessed!