Monday, September 28, 2009

Three Ways to Make Money From Home in Your Spare Time

1. The Open Network

An open network offers a ready-built home for freelance writers to post articles on an infinite variety of useful or interesting subjects.

Associated Content, one of the largest and best known freelance networks, syndicates and custom-creates Editorial content, in text, video, image and audio forms.

It claims to be adding 5,000 articles a week to a database of more than 1 million articles on a vast range of subjects -- from curious facts about Abraham Lincoln to tips on easing your dog's separation anxiety.

That database was built by freelancers, who are paid a measly $3 to $15 per story but make an additional small sum based on user clicks, starting at $1.50 for every 1,000 page views. You can get a raise on that rate for page views as your output and audience grow.

The key to racking up page views is to write about something that interests everybody, like love or money. Or, write about a subject that interests many people intensely -- like parenting or World War II.


2. Answers On Demand
On-demand services connect people with an immediate need for information with experts who can supply that information. It's a one-on-one service, conducted over chat or via email for a fee.

LivePerson.com boasts 30,000 experts who are "ready to chat" on subjects from personal growth to small business solutions.

Some experts are lurking online, ready to jump in to answer your question, and others can be scheduled ahead for a one-on-one. The fee is set by the expert, anywhere from 50 cents to $5 per minute, about 45 percent of which goes to LivePerson.

Advice about "personal relationships" is clearly a money-maker here, although you can find a Web designer, a homework coach or a cosmetologist when you want one.

The vetting process includes licenses for professions that require them, like doctors and lawyers. All experts' resumes are available to prospective clients.

But once online, the experts live or die by client ratings which are, in the great tradition of the Internet, brutally honest. And in this world of pay-per-minute, the reviews cover typing speed as well as communication skills.

JustAnswer.com has an even simpler system. Got a problem? Just describe it, and indicate how much you're willing to pay for an answer. One of the experts will get back to you fast.

Experts run the gamut from veterinarians and attorneys to mechanics and computer repair people.

A quick glance through current questions reveals that many people are baffled by their electronic equipment, their cars and their puppies. Also, many students want somebody to write their term papers for them.

A new site out of Nashville, called Moontoast, wants to carry the concept to the next step and arrange actual face-to-face video and audio confrontations between expert and client. (Scary!)

Expected to launch soon, the site is bankrolled by country music stars and inspired by a musician's need to hear information, not just read it.


3. Crowd-Sourcing

This is the ultimate piece-work for the digital age.

"Crowd-sourcing" takes a big, ugly, often repetitive task and hacks it into small bits to be assigned to many people.

Say you are publishing a restaurant reservation directory, and every phone number has to be checked. How do you get it done? Try "crowd-sourcing" it.

MechanicalTurk.com, owned by Amazon, currently has almost 700 projects up for grabs, each divided into hundreds or thousands of "human intelligence tasks." Each task pays literally pennies -- from 1 cent to maybe 20 cents.

A lab needs information on 98 Web sites, for 10 cents a pop. Somebody is collecting data on 50 baseball players, for 9 cents each. Zappos wants people to edit product reviews for a nickel each. You might even see positions for big-time names like Google or Yahoo.

You grab a task, complete it and submit it for approval. As soon as it's approved, your payment gets transferred from the requester's Amazon Payments account to yours.

If you can stand it, you could sit at your computer all day banging these things out.

An experienced professional could get very bitter writing abstracts of technology news for a nickel each. But an under-employed college grad might greatly prefer it to flipping burgers, and it looks better on a resume.

More rarefied versions of crowd-sourcing are available at specialized freelance sites. DesignBay.com offers designers the chance to submit their work in online "contests" for posted projects. The odd jobs, most paying a couple of hundred dollars, come in from around the world, from small businesses and individuals who need logos or fliers, banner ads and posters.

Crowd-sourcing hits its low point in sites that pay people to "play around on the Internet." Put bluntly, they're falsifying usage data by goosing the number of unique hits on Web sites or banner ads.

No comments:

Post a Comment