Do you have an online business that isn’t providing enough money yet, and you’re worried you won’t make it if you can’t bring in money right now? The very best way to bring in immediate money is to start providing a service. A really hot service right now, is Social Media Marketing Services.
This would include tasks such as:
• Setting up Social Media Accounts — From writing the profile, to providing custom graphics, you can help clients set up their social media accounts. You have already done it for yourself, so you know how to do it, now simply offer it is a service to others to help you generate money.
• Populating Social Media Accounts with Content — Social media accounts need content, you can create content ideas, the content, or any portion of this and charge a fee for your service.
• Providing Regular Updates and Content — Social media accounts, by their very nature, are social, and require constant updating. Provide continuous monitoring and updating as a service.
• Sharing Other Content via Social Media — When a client puts up an article, it helps if that article, blog or other content is shared via more social media networks than their own. Offering to share via your social media network, other people’s content is another valuable service related to social media marketing.
These are all services that you can charge for either by the project, the account, or by the hour to complete. If you charged by the hour about $20 to $40 per hour, and just worked five hours a week, you can generate $100 to $200 a week that you can spend on your business. Remember, that while you do need to claim the income from this endeavor, if you turn around and spend it on developing your real business, it then becomes a tax write off. Earn $200 but then turn around and spend $200 and you essentially break even until you start out earning your expenses. Certainly, with a few more dollars to spend on your business you’ll make money faster. Why? Because, you have to spend money to make money!
To add social media marketing services to your business all you need to have is your normal Internet connection, and the knowledge of how to set up the accounts. You can go through one, and write down all the information you need for each account, create a simple form using Google Documents, that you send to each new client. Then you just cut and paste their information into the right areas for the client.
After that, you simply make a schedule in which you check your client(s) accounts on a regular basis, use some sort of billing software or spreadsheet to keep track of time, then bill your clients on a regular basis for this service. Avoid the temptation to spend this money on going out to eat, and having fun. Spend the money on advancing your real Internet business so that you can drop the services in a few months when your business is more successful. While providing services and trading hours for dollars is an easy way to bring home income, it’s not desirable for the long term if you want to create a passive income stream.
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As an online business owner you know that it takes time to start generating the passive income you’re so looking forwarding to receiving. Sometimes, it takes long enough that instead of dipping into savings to support your fledging business you make a choice: Shut Down or Provide Services.
That’s right, you can provide services if you want to generate some fast cash to support your business. If you’re to the point now where the business is built, you’re adding steady content, you’re doing all the marketing functions that you can, and now you simply need cash, adding services may be just the thing you need to get your business over the hump.
Here are some ideas for extra products and services that you can add to your current business.
From blogging, to creating eBooks for others, you can create content and get paid for it. Business owners are always looking for ways to get keyword rich content on their websites. From rewriting private label content, to writing original content, to posting that content on websites and blogs for the client, there are services that you can offer that all relate in some way to content.
Think for a moment of the lifecycle of a blog post.
- Write the Blog
- Edit & Format the Blog
- Post the Blog
- Promote the Blog Post
- Share the Blog Post
- Rewrite Post for Newsletter
- Rewrite Post as an Article
This is basically what happens to every blog post you write. If you offer those services to others, you can create an entire income stream based on any one or all of these services. Imagine the cycle of other content items you can create, and offer services around that cycle. If you prefer, only offer the writing portion, or only offer services of the posting portion. It’s up to you what services you offer, and how often you want to offer it.
Graphic Design Services
You don’t have to be terrific at Graphic Design to offer basic services. You can offer most needed services by using a free program called GIMP. Creating basic banners, buttons, eBook and eReport covers isn’t very difficult. The client provides the information, as well as a basic description of what they want, any stock photography they need, and you simply put it all together. You can make $60 per hour, or more, providing this type of graphic design.
Website Security Services
Some people need general monthly maintenance on their WordPress websites. If you have this skill, you can offer this to others. Backing up their site, adding plugins, and other security issues can be handled on a quarterly basis for clients. You can make about 100 dollars per client, per quarter by offering this service. You do need the technical knowledge to do this service, but if you do it for yourself accurately, then you can do it for others.
A very valuable service to offer is Keyword Research. Many people who want to start online businesses need keyword research. A really awesome aspect of this type of service is that it’s kind of fun because you will learn a lot about keywords as well as other niche ideas. If you save your research, you can adjust it slightly for each client within the same niche, enabling you to get paid more for less work.
If you give it some thought, you can come up with services to add to your online business for the short term to help you infuse cash into your business while you work toward profitability.
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