On the other hand: the main reason of bankruptcy for small businesses is bad financial management. Simply said: to forget to make invoices, not checking the payments and not following bad payers. 1 out of 3 is going bankrupt for this reason alone. I had to learn it myself. I spend at least 10% of my time with financial stuff. I don’t love it but the bills get payed ;-)

Every follower should be aware that the links on your site could lead to a commission of some kind for you. Even if you are making a simple social media post, you need to disclose that the link is an affiliate link in some way. If you do not disclose this fact, then you could out of compliance with guidelines issued by the Federal Trade Commission. 

Jason – so happy to hear the tutorial is helping! Affiliate marketing was a huge break for me and I’m sure it can be for your son too. Whatever products/services he ends up selling, just make sure he is excited about the industry he is – it takes a long of time creating content and it will keep him motivated especially when he gets his first sales.
And what importance (if any) has the place that you live in ... meaning if you want to start a business you have to give the government some address (for taxes again), I think... I suppose it would be different for some countries... for example, I live on rent in the UK [but originally I'm from Bulgaria (east Europe)] and I'm not allowed to use the address that I'm in right now (for some reason, that I don't know) ... so should I use my old address in BG in that case?!
Promote & Sell your Skills on Fiverr – Everyone has got a skill and Fiverr is an online community where people come for literally 1,000’s of types of jobs. If you can create a logo, write a blog post, do voiceover work, write a press copy, or pretty much anything, there is a job for it.  There are literally 1,000’s of opportunities to sell your talent!

If you've developed valuable skill sets or picked up certifications within your industry over the years, offering your consulting services to local business owners can be a lucrative way to make money online. Whether you're an expert marketer, business strategist, or manufacturing aficionado, there's likely a local business owner who's willing to pay you to help them solve an issue with their company. Start with this 18-step checklist to becoming a local business consultant from Karyn Greenstreet and then use my guide to crafting an effective cold email to convince them to hire you.

If you're serious about making money online, start a blog. Blogging is one of the easiest and most sustainable income sources. As long as the blog is setup the right way, in the right niche, with the right content targeted at the right audience, and the offer is complementary to the content, you could make a tremendous amount of passive income from a blog.
×