A world-renowned motivation speaker says “You will move to action either out of inspiration or out of desperation” Now, whatever may be your reason, the truth is you have reached my blog. I am happy to share with you the top 5 Methods to generate cash fast that I have either tried out myself or have learnt from someone who has tried them and profited from them. You have already taken the effort to look for information to get started and I am hoping that you won’t stop here at this post but act and make something out it.
Before we dive in to this topic I want to make a few things clear so that you do not build hopes that are not true. My intention is to give you information that you can bank on. There are parts in this article where you expect a list of things, I have spoken about but you won’t such lists. The reason is, I want you to read the whole article and then decide on which topic you need more information. You can either ask for that info in the comments sections or you can opt-in by clicking on wherever I have asked you to click.
To make money you must have something to sell. Without a product or service there is no business that can generate cash without selling.
I am sure you know, that starting any business takes a lot of time. It requires extensive research, tools, contacts, investments, man power, a product or a service to sell. I am sure this sure sounds like a lot and it actually is, that is because these things are not taught in school. Then pricing your product or service is another task.
There are many things that go in to setting and building a business that pays well. That is the reason, I have shortlisted only five businesses that I know of to be very effective, reliable and assured returns. A business you will be proud of talking about. A business that can give you the kind of life and freedom you desire.
The Top Five Methods To Generate Cash Fast
Method # 1 – Affiliate Marketing
This business is number one on my list because I like this business the most. It is simple and straight-forward. You don’t need to have a product or infrastructure of your own to run a business. You already have the product created by somebody and that somebody also sets up and maintains the product delivery and customer service.
You can start affiliate marketing by signing up to a marketplace where product creators or vendors list their products for joint-venture. This means they pay you commissions up to 100% on each sale that comes through you. On an average you can make 50% commission for each sale on most of the listings.
To start with this business you will need a computer, good internet connection and a Gmail address at the least.
The beauty of this business is that you can start without any money. The only drawback is if you start without any investment, it may take time for you to make your first commission and nobody can guarantee when you will make your first commission. And if you are willing to invest money in advertisements, you can profit almost instantly.
You can download a course on affiliate marketing by signing up with your email address here. The training will be instantly delivered to your email inbox. You will also receive free trainings and tools periodically.
Method # 2 – Sell PLR Products
If you are already in digital marketing and have invested money of buying trainings or software to support your business, you may have already received PLR eBooks or trainings. If you haven’t got any PLR eBooks or packs, you can get them from PLR stores online for as low as 5 dollars.
If you don’t know what a PLR is, PLR stands for Private Label Rights. Somebody like you and me creates an information product by researching on a topic of their choice and sell it as a PLR. Which means, you can claim that info-product as your own creation and sell it at whatever price you want.
You can also source the content for any topic from public domain sites for free. The term “public domain” refers to creative materials that are not protected by intellectual property laws such as copyright, trademark, or patent laws. The public owns these works, not an individual author or artist. Anyone can use a public domain work without obtaining permission, but no one can ever own it. To find any content whether ebook or music etc.. just prefix it your search term with “public domain” and that’s it! You can find the content for the topic of your choice which you can edit according to your style and resell it.
Reselling PLR does take time when it comes to compiling and packaging your data but, once you put it up for sale, the returns are almost on the same day.
You can also use White Label products or services to label them as your own. The difference between a white label resale and private label resale is that all the work (product creation, maintenance and support) is done by the original creator. You become the middle man but for your client, you are the main business and they will never know the original creator.
To learn more about White Label Reselling Click Here. I have written another post on this topic.
Method # 3 – Service Arbitrage
In this business, you can arbitrage any service to your clients that they may need. You don’t have to have the skill or setup to fulfil or deliver that service. All you need to know who is willing to do that work for your client at a cost lower that what your client is willing to pay for it.
Several of my friends make their living this way and all they do is maintain relationship with their clients. Let me help you picture this for you. Let’s say for example, you have a friend or a local business who is looking for some graphic designs and they have a budget offffff let’s say $200. Ideally if you don’t know about this business model you my redirect this friend or local business to someone you know or probably ask them to search online. But, if you introduce yourself as a media service company and have a way to have the same work done in $100. This way you will make a profit of $100 from one deal.
Now, this example was about doing outside the online world but did you know that you can run the same business online? Actually, the way it works is you have to be a member at 2 platforms, one where the service is done at lower price and you act there as a buyer and second is the platform where the same service is done at a higher price. So what you would be doing is that you will be a buyer or client on Platform A and a skilled professional on platform B. In simple words, you undertake a project on Platform B, have it done on Platform A and then deliver it to your client on Platform B.
I had a small document explaining this method back in 2017. You can download it from here (You don’t need to signup), if you want to understand it detail.
Method # 4 – Ecommerce
This market is so huge that even though thousand of online stores are launching each day most of them are still making handsome profits. This is one of the most lucrative businesses but at the same it is risky if you don’t know what you are doing.
To setup this business it requires a lot of time and money but once launched you can draw your first profits within 24 hours. To be able to profit in the first 24 hours, your need to have done great research finding winning products and strategic marketing efforts.
To keep it short, you can start this business in two ways
- You become a reseller of already known brands or products by signing up to reseller platforms which allow you create your own store under their store. You will be known as their reseller. You can then promote the products from their catalogue and make a commission on each sale. This kind of business is usually promoted among your friends and relatives over WhatsApp or Telegram etc. You can share your product catalogue with your contacts either in person or over phone. You can find about more about such platforms by searching “reseller ecommerce platform” on Google. I am not listing any platforms here because I myself haven’t tried any of these and also I want keep this post short by not giving you too much information that may overwhelm you.
- You can start your own ecom store where you either dropship the products to your customers or you start a reseller website on Woocommerce. Here, you can choose how many products and what kind of products you want to list. It is impossible to explain or teach this business model in a couple of paragraphs. So, if you want to learn more about this business model, do let me know in the comments section. One thing I can tell you for now is that, this business has start-up costs.
Method # 5 – Flip Household Items
This may sound weird but there are several people who are doing this. Almost all of us at some point in life have sold something we aren’t using anymore. Some people do it for survival and some to raise funds for their business. But, if you think about it, this is actually the fastest way to generate cash. In fact, this is such a business you can start without any money. I mean, you don’t need to spend any money, you already have something you can sell. You can flip them for a reasonable price.
A friend of mine, Steve Hitson, started his flipping business by flipping items he didn’t want to use. In fact, he has even sold products that he got it for free. He is a true inspiration because when I heard him, he is so humble and he makes it so simple that you won’t find this business difficult at all. He has earned over $4 million only flipping products during this pandemic. What he does is, he knows where a particular product is either available for free or for a smaller price. So, he procures them and sells them to his local friends and businesses at a price lower than the market price. In fact, he has been doing so well that now he has a software which does majority of his work so that he can spend time doing what he loves to do. He has taken this business online and is living a life of true freedom.
According to this business model, you can virtually sell anything you can think of and that too without any trouble sourcing the products. He got so famous doing this business that just to teach this same business to his connections, he created a course teaching everything he knows and does. He has opened this course for all people. You can learn more about this training here.
I wish you all the best and look forward to hear from you what you think about this post in the comments section below. If you liked this post please do consider sharing it with your social networks. You can also connect with me on different social networks which are displayed in the side bar of this page.