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Side Hustle Spotlight: How This Teacher Brings Aerial Imagery to Life

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Side Hustle Spotlight

We are going to start a new series that spotlights side hustles from various people from around the nation, beginning with aerial imagery. This series will hopefully shine some light on new ways for you to make some extra income that Andrew and I do not have the resources or talent to try out.

A Full-Time Teacher, Coach, Husband, and Father Brings Aerial Imagery to Life

Today we will talk with Mr. Haskovec, the co-founder of WHaerial Imagery.

I know Mr. Haskovec through my years in high school as he was my American history teacher about 15 years ago. Wow! I cannot believe it has been that long!

And, yes, I still find it strange to call Mr. Haskovec by his whole name after so many years. 😀

Somehow, this full-time teacher, coach, husband, and father has found time to start this aerial imagery side hustle.

Who Is WHaerial?

WHaerial imagery is a drone photography and videography business located in Northeastern Iowa. They provide customers with new marketing perspectives and opportunities. A recent project that Wayne completed was for a golf course in Waverly, Iowa. The video shows off the course from a unique perspective that traditional photography and videography cannot.

Aerial imagery has really started to boom over the last five years as the technology becomes cheaper. There continues to be more and more creative ways to capture different industries using drones. We have started to see this in the real estate business as drones are able to show off properties very well.

WHaerial has only just begun this side hustle but is already publishing some great work! Let’s see how Wayne and his business partner got started, what it took to get into the field, and what are the challenges of drone photography.

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1. What do you hope comes out of this side hustle?

Well, to be honest, and upfront….this is a first time endeavor. I am hoping that this start-up will blossom into something that lends itself to more opportunities down the road. The goal is to grow this aerial imagery business into something that will provide not only extra revenue but opportunities to expand. My partner and I decided to officially start a business that features a fully insured and licensed drone company.

There are thousands of drones out and about, but many are not licensed or insured to fly commercially. We are hoping to provide that security and opportunities to our future customers in the Cedar Valley of Iowa.

2. What motivated you to start this venture?

Just over a year ago, I was able to fly one of the first Phantom 4 drones in our area. I immediately fell in love with the creativity and technology packaged in such a small device. The opportunity to capture never seen before areas of my family’s property turned into an absolute passion for me.

As I became better at piloting the drone, I decided to purchase my own drone.

The purchase soon turned into a serious hobby. I was able to show friends and family how unique the drone perspective was. Soon I was capturing images and video and including those creative pieces onto my social media. The excitement and fun I was having made me realize that I could potentially jump into a market of professional aerial imagery. It was a pretty easy to convince myself that I should go ahead get certified, and make money doing something I enjoy.

3. What did it take to get up and running for professional aerial imagery?

My partner and I laid out all of the potential assets we had, which included the two drones that I currently owned. I also invested $150 in taking the FAA certification exam at a local community college that allows for such testing. The insurance and fees for creating our LLC have completed our initial startup costs.

Obviously, there will be more costs down the road….but our hope is to get off the ground (no pun intended) running. In terms of being able to pilot the drone….anyone can do it. The trick, however, is doing it the right way. Making sure you take the time to follow protocol in pre-flight and flight. I have spent the past year getting better at making turns manually without jagged video.

Experience is the name of the game!

4. What is your weekly time commitment to the business?

As of now, it is hard to speculate what future weeks will look like. As of now, we are just waiting on making sure all of our paperwork is in order. My estimation is that once we get into the swing of things, we will be looking at 10-12 hours of pure droning and video editing.

In addition, time will be spent on social media helping to promote our product. Without a doubt, that number per week will increase. With that growth, we are hoping to enlist more certified pilots into WHaerial.

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5. How are you going about to getting work?

Social Media! Between Facebook, Instagram, and Twitter….we hope to boost sales dramatically as we begin to actively search for projects.

We also have several connections within our area in the real estate and agriculture realms but are going to be diving deeper. As we build our numbers via social media, we hope to showcase our work on our website. Our most recent project has been highlighted through the use of Facebook.

The opportunities to connect and grow are limitless in the world we live in today.

6. What challenges have you run into so far?

I believe one of the biggest challenges we will have is staying ahead of the curve. Even though there are droning/aerial image companies out there, we are hoping to get a foot up on the competition in our area.

The other issue that potentially could create some difficulties is the expense in keeping our equipment up and running. The drones that we operate can take 20-megapixel photos along with 4K video. Continuing to stay current and state of the art in the world of droning will be something that will be continuing to fuel our company.

7. Do you have any advice for anyone looking to get into aerial imagery?

My biggest piece of advice is to read all manuals before flying! Know your drone inside and out, and account for your surroundings. Helping the drone community to look as professional as possible, will allow more opportunities to drone in the future!

8. Shameless plug

Head over to one of, or all of, WHaerial’s social media and give them a follow! Personally, I really enjoy the Instagram account! There are some pretty aerials of the Iowa countryside.

Our company page is located on:
Facebook: @WHaerial
Twitter: WhAerial
Instagram: whaerial
Email: whaerialimagery@gmail.com

Conclusion

If aerial imagery sounds like an awesomely fun side hustle, go for it! If you are interested, I would follow Mr. Haskovec’s advice of getting your FAA license as well insurance. This might be the difference as to why a customer chooses you over another company.

Also, do not forget to practice flying your drone, a lot! You will want to create high-quality videos for customers which will require you to fly the drone smoothly as you film.

If aerial imagery is not your thing but you are still looking to earn some extra money and need some ideas on how to do that, then check out our Ways to Make Money page. Here Andrew and I provide 70, yes 70, ways you can make money outside of your 9 to 5 job. We even test these out for you so you can easily figure out what side hustle is best for you.

 

Ultimate Lottery Guide – What to do if you Win the Lottery

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Ultimate Lottery Guide – What to do if you Win the Lottery

After the recent big lottery wins, people have been searching for what to do if you win the lottery. The odds are only 1 in 175 million, but it has to happen to someone right. Everyone imagines it and it’s fun to think about, but if it actually happens, here’s what to do according to the Ultimate Lottery Guide.

1. Sign your Ticket

Many people buy Lottery Tickets and stash them in their wallet or purse knowing that it’s their lottery ticket. However, a Lottery Ticket is only owned by whoever has signed the actual ticket. So ALWAYS sign your tickets when you get them. It confirms ownership and the ticket must be signed in order to claim the lottery winnings anyways.

2. Tell No One

It’s big and wonderful news, but you need to think ahead to all the potential long lost relatives, friends and random people that may soon be sitting in your front yard wanting to be your best friend. You don’t want to be the bad person telling everyone “no” so avoid the awkwardness and tell no one. In 1984, Lottery Winner Mike Wittkowski received more than 1,000 letters at his home from strangers trying to tug at his heartstrings to receive money.

It might be fun initially to have 15 minutes of fame, but you may regret it months or years later when people you never met are ringing your doorbell. Stay quiet about it and don’t tell anyone until you come up with a plan with your financial team. The plan should deal with how to handle friends/family/strangers request for money and how to deal with the sudden fame/money.

3. Take Your Time

There is no rush to turn in your ticket during all the hype, you have between 90 days to 1 year from the day of the drawing to turn in your ticket. Each state is a bit different so check them out. You have some time to take a breath, let the hype die down, and get your team of financial experts together before you claim your prize.

  • Powerball, you have 90 days to 1 year to claim your prize depending on the state via Powerball’s website.
  • Mega Millions, you have 180 days to 1 year to claim your prize depending on the state via Mega Millions website.

4. Seek Financial Advice & Hire Finance Professionals

Hiring the right professionals will help you collect the most money from your lottery winnings, help understand tax rules and take care of the gritty details so you don’t have to. Like will you take the lump sum of cash or 30-year annuity? Consider these financial professionals for your finance team.

  • Financial Planner – They will help you set up a plan for your new wealth. They’ll help you understand the benefits of taking the lump sum versus annuity and they will work with you to set up your goals, analyze your assets and set up a budget so you can make the most out of your money and not blow it. A study of lottery winners in Florida found 70% of winners spent all of their lottery winners within 5 years of winning. Don’t be one of these people, consult with a financial planner. To find a good Financial Planner check out the CFP (Certified Financial Planner) Board for a list of Certified Financial Planners in your area.
  • Tax Attorney -There will be a lot of tax (state taxes/federal taxes/gift taxes/corporate taxes and other taxes) issues that come up about Lottery Winnings. Hire a good lawyer to help you with this. To find a good lawyer, check out the reviews on LegalZoom, RocketLawyer, LawTrades and Avvo for lawyers in your area that are highly recommended and have experience handling large sums of money.

    To give you an idea, the government will withhold 25% of your winnings before you even touch it. Then, of course, you’ll have to pay State Taxes as well. Maybe even Municipal Taxes depending where you live. The rest is paid at tax time where the IRS will tax you in the top income bracket at 39.6% (source). In the end, you’ll be taxed nearly 40% on those initial winnings depending on your state.

  • Accountant – This is the person who will have a good idea how much of the lottery winnings you’ll need to set aside to pay off all the taxes. They will help plan throughout the year on the best ways to mitigate taxes and keep the most of your money. Plus with that amount of money, you’ll want someone handling all your taxes for you. To find a good Accountant, check your local Society of Certified Public Accountants directory to find a certified Accountant to help with your needs.
  • Estate Attorney – They will help you with structuring and protecting your assets. They assist people in drafting and implementing legal documents, such as wills and trusts. It’s good to have a plan for your assets in the event of your death. Who will your money go to and/or should a trust be set up for your heirs. As mentioned with finding a good Tax Attorney, check out the reviews on LegalZoom, RocketLawyer, LawTrades and Avvo for lawyers experienced with wills, trusts and large sums of money.

5. Claim your Prize – Anonymously

Here’s the deal, Big Lottery wants to promote you and share with the world that a real, regular person won the lottery. Often times state law mandates sharing your name with the public. However, you can claim your prize anonymously a couple of different ways.

  • 6 States allow you to remain anonymous – Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina.
  • 4 States allow a trust to claim your prize – Colorado, Connecticut, Massachusetts, and Vermont will allow a trust, usually, a trustee (typically a lawyer) to claim the prize without disclosing the name of the lottery winner.
  • 2 States allow you to remain anonymous IF – Illinois and Oregon have made exceptions to making lottery winners names public if the winners demonstrate a high risk of harm by revealing their name.

If you’re not in one of these states that allow you to claim your lottery winnings anonymously. Do what this guy did and hold the check over your head when you receive the lottery winnings.

What To Do If You Win The Lottery - Cover Your Face

You can also sign your first name with your first initial to make it harder for people to track you down.

You may also want to get off social media like shut down all your accounts if you win the lottery. This may sound extreme, but keep in mind that people will start searching for you online, going through all photos, friends, where you work and personal details. They may try to stake out at your favorite bar or harass your friends to meet you.

6. Create a middle man for money request

If people hear about your new winnings, you’ll likely have people from all over asking for money. Addressing all of these can be overwhelming and potentially depressing. Consider setting up a middle man to say “no” for you.

When a long lost friend comes out of the blue asking for money, or with a really great investment idea. Send them to your “middle man”, usually a lawyer, who could review all potential investments for you. You can say that they are better at investing than you, which may be true. So they can say “no” and you don’t have to feel bad telling your friend or anyone no. This will save your sanity and emotions from being the bad guy and help not waste your time/money on bad investments.

7. Pay Off All Your Debt

If you do anything with your money first, it should be paying off all your debt. You are entering a new phase of your life and it should be started off debt free.

Even if you go broke in a couple years, you’ll least have all your debt paid off to pick up your life where you started off.

8. Avoid Sudden Lifestyle Changes

While you shouldn’t be doing anything until you can physically hold the money, even after that you should avoid sudden lifestyle changes for the first 6 months. Buying that Ferrari or Land Rover, second house for your entire family, extravagant vacations can all feel like a nice reward for all your hard work, but these impulse buys could quickly deplete your lottery winnings.

Consider instead renting an apartment in that cool neighborhood you want to live in or doing an exotic car rental for a day to try different sports cars. It’ll take you awhile to understand what you want. Find out what really makes you happy before you go on a spending spree and work with your financial planner to set a budget for frivolous things to buy so that you’re still maintaining a nice nest egg for your family in the future.

9. Live within a budget

Ideally, you should only be spending the interest you’ve made off the lottery winnings. If you do this, you’ll never run out of money. The annual interest of a $100M or more lottery winnings will be more than enough to live off of the rest of your life. Especially with a good financial planner.

Otherwise, work with your Financial Planner to set up a budget live within and understand how long your money will last with your current spending habits.

10. Protect your Assets

Consider getting Liability Insurance to help with potential lawsuits against you. With your newfound money, you will be a target for anyone wanting your money. Liability insurance will help for trip-and-fall lawsuits, personal injury claims against you like libel and slander, and freak accidents. This provides an additional layer of security.

Want to Take Stock Photos like a Pro? 7 Tips You Must Know

Want to Take Stock Photos like a Pro? 7 Tips You Must Know

We have had a lot of questions revolving around stock photos after Andrew posted his How I made $1.88 Selling Stock in 10 Days article.  One question we have seen a lot is, how do you take a good stock photo? Or, why aren’t any of my photos selling? I thought this was a great opportunity for another article on stock photography.

This article is intended to answer those two questions so you can start making some true passive income through stock photography.

Either if you are looking to just get started or you are an already established stock photographer, these tips can help you get started or improve your sales. If you are struggling with sales, one or more of these tips could be the reason as to why.

1. What’s Trending

You could have the best photograph in the world but if it is about a particular subject that is not in high demand, you will not get many sells.

Selling stock photos is a lot like selling anything else. Let’s say a sporting goods store is looking to sell a new high tech soccer ball that tracks metrics for the player. The retailer will not imediately go out to start manufacturing a million new soccer balls. First, they start off with some market research to see if there is a demand for the new soccer ball.

You need to do the same thing for the subject matter that your stock photo is going to target.

Luckily, both Shutterstock and iStockPhoto both display trending searches on their home pages. These lists will help you start to get some ideas on what people are searching for and purchasing.

finding trending stock photo ideas

2. Is Your Target Market Over Saturated?

An oversaturated market is easy to find within the stock photography world. These are usually the easiest photographs to capture such as clouds, flowers, animals, and so on.

If you try to make money off of stock photos that focus on one of these then you are not going to make any money. Your photograph is going to get buried under the already established cloud photographs.

Instead, find niches under these broad categories. Maybe, you could specialize in cloudscapes during major thunderstorms. Or you could specialize in animals who are playing in the water.

Finding a niche can be tricky but is not impossible.

I start by thinking about a broad category then work my way down to a more granular niche. I think of it as a breadcrumb such as – Animals -> Playing -> Water -> Swimming -> Diving Underwater -> Photo Idea: Take a photo from underneath the waters surface looking up at the animal.

3. Be Unique

Now, after all of your research, you should know what subject your photographs should focus on. Now it is time to go take some photos.

I want these new photos to really pop out on the page for your potential buyers. This is not going to happen if you use the same point of view (POV) as all of the other photographers.

Within each subject matter you chose, take a look at your competition and how they framed their photos. While you are researching start thinking how you can make your stock photo more unique than the competition.

As an example, take a look at these photos of the Gateway Arch in St. Louis on Shutterstock. Notice that the top five are all taken from basically the same POV. Even though these are very pretty photos, they are all essentially the same. When I was in St. Louis, I wanted to take a photo of the Gateway Arch from a different POV. The hotel I happened to be staying in had a high vantage point that looked over the monument. Taking advantage of this unique overlook, I was able to take the fifth photo that comes up in the Shutterstock search results.

Do not follow the crowds for your stock photography. Make your own trends. Be Unique.

4. Image Size

Make sure your images meet the guidelines of Shutterstock or iStockPhoto. The bigger the resolution your image is, the better. That way your photo can be offered for as many possible sizes for your potential buyers.

Shutterstock requires that your stock photography uploads be at least 4 megapixels in size. They accept either JPEGs or TIFFs.

iStockPhoto (also GettyImages) require the photograph to be at least 3 megapixels in size. They allow you to upload as big as 256 megapixels! The biggest thing they stress is no upsizing of your stock photos. This can really decrease the quality of the photograph.

5. Editing

This goes a long with what is trending. As you are researching about what you should take a photo of, you should also be studying the trending styles to mimic.

I know, I said you should make your photo unique. I was talking about being unique the way you frame and shoot your photo. Editing is different.

The way your photos look after editing should have a particular look and feel that the market demands. This might require you to reedit and resubmit your stock photos after the trends change.

editing your stock photo

6. Tagging

Your stock photos need to be found amongst all of the other millions of photographs uploaded. Using the proper tags will help your photos be found by potential customers.

When tagging, try to be as thorough as possible so your photo covers a wide footprint. Do not just put ‘dog’, ‘brown’, ‘animal’ as your only tags. The photo will never be found. Try to be as broad and detailed as possible such as: ‘dog’, ‘brown’, ‘animal’, ‘happy’, ‘running’, ‘grass’, ‘tennis ball’, ‘chocolate lab’, ‘playful’, ‘playing’, ‘sunny day’.

If you are struggling with coming up with tags. Research what others have used. I have done this for every stock photograph I have uploaded.

7. Be Honest With Yourself

This one can be tough on people but is something that needs to be asked. Is your photo really worth paying money for? Do you really think that your photograph is good enough that someone would use for a marketing piece?

If your answer is yes, then go ahead and upload.

If your answer is no, that is fine! Instead of being sad, think about how you can improve your photograph. Think how you can go back out, reshoot it, and make it better. This happens to me all of the time! I will go out and take a photograph thinking it is amazing. When I get back home to take a look at it on my computer screen discovering that the photo looks horrendous!

This happens to me all of the time! I will go out and take a photograph thinking it is amazing. When I get back home to take a look at it on my computer screen discovering that the photo looks horrendous!

When in doubt. Ask someone you know and who will be honest with you if they would buy the photo.

stock photo of silly food

No matter how delicious your food was, do not worry about uploading every single dinner you have taken.

Conclusion

One big pattern you should see within this article is research!

Do your research before you decide to take a photo so you can figure out if it is actually in demand or not. Do your research so you take unique photos. Do your research so you can make trendy edits. And finally, do your research so you can make the proper tags.

Not only do these tips apply to stock photography but they will apply to earning money through several different avenues with your photography. Learn about these other avenues to earn more money in my 5 Simple Ways – How to Sell Photos Online article.

Domain Flipping: Make Money Buying and Selling Domain Names

Domain Flipping: Make Money Buying and Selling Domain Names

There’s an entire underground world on the internet of people buying and selling domain names, it’s called Domain Flipping. Thing is, anyone can do it and make money. Think of it like flipping real estate, but instead, you’re flipping website domains.

What is Domain Flipping?

Similar to real estate flipping. You are flipping website domains. These are the addresses you type into your internet browsers that direct you to the website you’re looking for. These are the addresses that end with (.com), (.org), (.biz), (.net) and so on. In total there are about 280 different domain extensions.

Domain Flipping is buying these addresses for a low price and then selling it for a higher price.

Crazy Domain Flipping Success Stories

If you’re curious to how much people have made while buying and selling domain names or domain flipping, here are some examples of success stories that have hit the news.

Page Howe once owned the domain name “Seniors(.com)”. He originally purchased the domain name for $100,000, which is a lot mind you, most domains sell for $12. He later sold “Seniors(.com)” for $1.8 Million or $1.5 Million after his broker commissions.

In a similar fashion, Page Howe also owned the domain name Guy(.com) and he sold that a few months later for $1 million. If he bought that for the average $12 for a domain name, he made an 83,333% profit buying and selling domain names.

Here are some other crazy sales in the millions

  • Cameras(.com) was sold in 2006 for $1,500,000
  • DataRecovery(.com) was sold in 2008 for $1,659,000
  • Computer(.com) was sold in 2007 for $2,100,000
  • CreditCards(.com) was sold in 2004 for $2,750,000
  • Candy(.com) was sold in 2009 for $3,000,000
  • Toys(.com) was sold in 2009 for $5,100,000
  • Business(.com) was reported to have sold in 1999 for $7,500,000
  • Hotels(.com) was sold in 2001 for $11,000,000

What these success stories have in common

All these success stories have one major thing in common, they are typically one, generic word. There is a HUGE advantage in having a small, easy to remember domain name. If you’re a company that sells cameras, having the domain name Camera(.com) is beneficial. You’re in a prime marketing spot online for people to looking to buy a camera.

Think about these common word website domains as the New York Times Square of real estate in the digital domain world. You’re buying these website domains because people are familiar with those words. The more common a word or phrase is, the more valuable it can be.

Currently, the (.com) domain extensions are the most popular, but like I mentioned. There are 280 different types of domain extensions possible. Most people though associate a web address with a (.com) extension. So I will focus on these.

In the future, other well-known extensions like (.co) will become more popular but we’re not there yet. If you’re looking to buy a domain and sell it, you’ll likely want a (.com) extension.

Here’s How To Start Domain Flipping (I tried it)

Looking at some of these success stories, I wanted to give it a try.

I likely couldn’t find any one-word domain names (most are taken) but I could find a couple popular phrases that have an available domain name.

Here’s how I started.

Step 1 – Find Popular Phrases

To find popular phrases I opened up the Google Keyword Planner. This free tool by Google, allows you to find out how often a word or phrase is searched in Google. A phrase like “Yoga Mat’ has on average, about 10K – 100k monthly searches. That’s A LOT. However a more niche phrase like “Good Yoga Mats” only has 100 – 1K monthly searches. These seem similar, but I wanted to focus on the exact popular phrase that people are searching for.

The more searches your popular phrase gets, the more valuable your exact domain name could be. Try finding popular phrases with the Google Keyword Planner.

Google Keyword Planner for buying and selling domain names

Words/Phrases to consider:

Choose Niches that make money: People will buy a website domain if they think they can use it to make money. So buying popular phrases/words that could be associated with selling something like computers(.com) or hotels(.com) could be used by a company to sell computers or hotel reservations. However, something like Warof1812(.com) may not have the same business potential.

Local Domain Names: Something like TireRepair(.com) may be taken but you should also look into DenverTireRepair(.com). Sometimes local cities have high search rates that may have an available domain. It’s definitely decreasing your audience the more you niche down, but your chances of having an available domain increases.

Future Potential: Think about what’s next in the world and see if you can buy the name first. Do you know rocket powered sneakers are the next big thing? Try buying the domain name RocketPoweredSneakers(.com) and sell it when it’s at the peak of popularity. It’s currently available, I checked, you can buy it now.

Current Craze: When PokémonGo was HUGE last year, my domain flipping friends (Matt of Handshakin.com is one) were all about buying domains like PokeStopNearMe(.com) and other related domains associated with the PokémonGo craziness. It’s like the day trading of the domain world. You’re buying domains during the hype and hope to sell them for a higher price quickly before the hype fades.

Date Names: Do you like to think about future events like the 2030 Olympics? Think about buying the domain 2030OlympicStadium(.com) or other Date Names that could be a hot item to buy when the date gets closer.

Avoid Trademarks: You do need to be careful from a legal standpoint. If you choose a name that too close to a trademark name like McDonaldsBurgersSuck(.com) it could result in a lawsuit that could force you to give them the name for free. In general, I try to avoid buying and selling domain names close to a trademark name.

Step 2 – Filter Popular Phrases with available domain names

Once I did a search of any phrase, I would immediately download the results from the Google Keyword Planner and export the list to excel. Usually, you could only download around 750 results from the Google Keyword Planner at a time.

I would copy and paste those phrases that had above one thousand searches a month into GoDaddy’s Bulk Search Option to see how many of those phrases are available. It’s great you can search up to 500 phrases at a time to see if there is a (.com) domain extension available.

GoDaddy Bulk Search find finding the right domains for Domain Flipping

Now I used GoDaddy because it’s a simple and easy way to search for available domains, but it’s definitely not the only game in town. I use my hosting service, Bluehost, to actually buy my domains, to keep them all in one place.

I repeated Step 1 & Step 2 a lot, like 5 hours on Sunday to find popular phrases that have high monthly searches or future potential.

In the end, I had a small list of available domains with how often they’re searched for online. The longer you do this, the larger your list could be of popular phrases of available domain names to buy.

  • Domain Name
  • IHateCold(.com)
  • ReallyFunnyJoke(.com)
  • ThisExists(.com)
  • FunnyOfficeGifts(.com)
  • BoredDefinition(.com)
  • CharityDefinition(.com)
  • OfficeBoredom(.com)
  • WaysToEarnMoneyFast(.com)
  • ThingsThatAreBlack(.com)
  • Average Monthly Searches
  • 100 – 1k
  • 10k – 100k
  • 100 – 1k
  • 1k – 10k
  • 10k – 100k
  • 10k – 100k
  • 10 – 100
  • 1k – 10k
  • 1k – 10k

Step 3 – Buy your Domain with the most potential

After veting my list for a while, I knew I only had a budget to buy 2 domain names. So I limited my selection to the very best.

The two domain names I bought were:

  1. ReallyGoodJoke.com – The phrase alone “Really Good Joke” has between 10k – 100k average monthly searches, this is the highest searched name I found. Meaning that people are regularly looking for a really good joke. So having the domain name that matches exactly this search, will be very valuable.
  2. IHateCold.com – This phrase only had 100 – 1k monthly searches but I think it’s a phrase that has winter sports gear potential. Typically when people are buying cold weather gear they are thinking “I hate the cold” and if a business capitalizes on that feeling with this domain name, it could be profitable.

Sad Fact: I bought both of these for $11.99 but that’s only a 1 year license to own these. So it’s more like leasing. You have to renew your ownership of domains every year. So holding both of these domain names for 10 years will cost a total of $260.

The two domains I bought for my first Domain Flipping experiment.

Step 4 – Market Your Domain Names for Sale

Just because you bought the domain name, people aren’t magically going to email you offering millions of dollars for your domain. You have to let people know you have it for sale and how it can benefit them.

My next steps:

  1. Parking the Domain Name: When you park a domain name, every time someone enters IHateCold(.com) into their web browsers, a page with a few ads and sales info is shown. So you’re letting the visitor know that the domain is for sale and you make a few cents on the ads displayed for views. There are several domain parking services for when their buying and selling domain names, but I’ll go into that in another post.
  2. Contact Potential Buying Companies: With my domain IHateCold(.com) I will email the marketing teams of some of the large winter clothing companies and let them know of the available domain to buy and a few potential slogans they could use with the domain name. This is a very “I’m here to help you” scenario that I’m curious to see how it plays out. They’ll have to learn about the domain name for sale somehow, right?
  3. Wait for people to contact me: When I bought my two domains, I didn’t pay the extra $12 for Domain Privacy, learn about Domain Privacy here, so anyone can look up the owner of IHateCold(.com) and ReallyFunnyJoke(.com) in the ICANN WHOIS Database. It can tell you whoever owns any website unless that domain owner pays for domain privacy. So if someone was really interested in any of my websites, they could look me up and shoot me an email about their interest.
  4. Auction: There are numerous auction sites where people buy domain names. Just because they didn’t think about the potential name IHateCold(.com) before doesn’t mean when they see it in an auction, they won’t buy it. You may make a few bucks just because you thought of a creative name they didn’t think of.

If you’re looking to Auction a name, here are some popular sites you can auction your new domain name.

Usually, these auction sites take 20% – 30% of the sale. They take so much because they are providing the audience that is actively looking for buying and selling domain names. Otherwise, it’d take forever to sell a name.

Don’t expect to sell your domain right away, it sometimes takes months or years to sell a domain name. Sometimes not at all. Not many people make buying and selling domain names a full time business. For most domain buyers and sellers, it’s a part time job.

A lot of people who are regularly buying and selling domain names have a portfolio of hundreds of domain names. A sale of a website name for $6,000 might sound like a lot, but often times it only pays for their library of domain names they’re paying an annual subscription to hold.

In the end, a domain name is only as valuable as the price a buyer is willing to buy it.

Conclusion on Domain Flipping

We covered a lot, what is domain flipping, some crazy success stories and step by step guide to buying and selling domain names. This is something you could totally start right now as another way to make money.

I’ll be honest I’m just excited to own a couple of website domains, they’re my own little piece of the internet. I’ll likely hold onto these for a couple of years if I can’t sell them right away.

The fun part of this is the potential to discover those hidden gems like hotels(.com) and sell it for $11M down the road. It’s not likely to happen for the domains I have, but I now know the process. I can be on the lookout for website domains in upcoming trends. I’ll let you know how it goes!

Get a free share of stock from Robinhood for New Signups & Referrals

Robinhood App now offers a free share of stock for New Signups & Referrals

Robinhood App the free stock trading app that I’ve used for my portfolio and reviewed last year has a new promotion making some unique headlines. Now for every person you get to sign up with the broker Robinhood, both you and the person who signed up, get a free share of stock.

What Stocks Do You Get?

It appears to be a randomized assortment of stocks from the messages posted on social media. Robinhood states that the stocks range in value from $3 – $150, so you could technically get a share of Apple (AAPL) randomly if you sign up now, or you help a friend signup.

What Are Your Chances of Getting $175?

Depends, how lucky are you? Like REALLY lucky. You have a 1% chance of getting a stock valued at $175. Reading the fine print on their website you’re most likely to get a $2.50-$10 stock.

Here are your chances for a free share of stock when you sign up.

  • 98% of getting a stock valued at $0.50-$10
  • 1% of getting a stock valued at $10-$50
  • 1% of getting a stock valued at $50-$200

Thanks to Social Media, we have an idea what it looks like.

So get all your friends to sign up?

For everyone you get to sign up, both you and your new sign up friend get a free share of stock. All you need to do is use the referral code that Robinhood gives you.

If you’ve been with Robinhood for a while, this is the same referral code you’ve always had. Now there are just perks for you to refer a friend to Robinhood.

Here click on my referral code (http://share.robinhood.com/andrewk48) to see what it looks like. You don’t have to sign up.

However, if you’re someone like Kim Kardashian who can get ONE MILLION people to sign up, you won’t get $1M free shares of stock. You’ll be capped at $500 worth of stocks no matter how many people you refer. Lame I know.

Is this promotion available to anyone with Robinhood?

It started off a few months ago. I was NOT one of the early testers for this. However earlier this week I saw on my Robinhood App that I’m NOW able to this. I’m not sure what changed. If everyone is able to do this now or what (I’m not special). They must have just opened this up to a much wider pool of users.

If you’re curious if this works with your Robinhood referral code. Go to your app and if you can’t find “Free Stocks” in your sub menu. You’re not in the program yet. Maybe send the Robinhood App people a tweet (@RobinhoodApp) and say “Hey, can I join this super cool referral club like @WalletSquirrel”. I’ll retweet for you.

 

Should you feel comfortable referring friends to Robinhood?

If it helps, I refer all my friends to start investing with Robinhood. It’s a great broker to start off with (one I personally use) because there are $0 fees to start buying stocks and all of their securities customers are insured up to $500,000 by the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).

Also keep in mind that Robinhood recently raised $110M in Series C round of fundraising, which they’re valued at $1.3 Billion. Some of the investors working with Robinhood are Google Ventures.

These guys are growing and they have the support of some major players in the game.

This promotion makes Robinhood worth considering

If you’ve ever considered the stock market, you should do some research on Robinhood because not only are you going to get free trades while using their app, you’ll start off with a free share of stock that could be Apple.

This isn’t on our list of ways to make money, but maybe it should be.

June Round Up – Our Favorite Income Reports From Around the Web

June Round Up

Today we take a look around the internet of our favorite income reports from around the web. These round up articles bring together six to ten bloggers to see what they did in the past month. Some of these people will be fresh for this month while others will be regulars for the article.

The point of this article is for all of us to learn what other bloggers do to bring in income each month. Hopefully, you will find something new to increase your own income for the upcoming months.

Here we go with this month’s featured bloggers!

Pat Flynn – Smart Passive Income – $184,094.64 (June 2017)

Pat is always an inspiration for me. Last month when we took a look at his April income report, he took a large dip in income brought in but he always seems to bounce back very strongly. Sure enough, that is exactly what he did by bringing in $184,094.64 in the month of June. I believe this bounce back is because he has diversified his income sources very well. He is making money off of affiliate marketing, book sales, course sales, niche sites, podcasting, software, and applications. He truly has built the passive income empire that Andrew and I strive to accomplish one day!

Michelle Schroeder – Making Sense of Cents – $121,861.28 (June 2017)

Michelle is another inspiring person to Andrew and me. She has been able to create her passive income empire very quickly. Though she is not as diverse as Pat with the ways she makes her money, I think she is more efficient at making money than he is. She does mention in this income report she is starting to focus on diversifying her income sources. I think this is a very smart move and it will be fun to see what she does.

Compared to last month she had modest gains but she did it while sailing on a boat for half of the month. Boy, I would love to make $121,861.28 while sailing on a boat! Who wouldn’t though?!?!

Amanda Abella – $10,541 (June 2016)

So I know this income report is over a year old but remember that is not the point of these income report round up articles. I wanted to feature Amanda this month because I love how she makes her extra income online. When this income report was posted, Amanda states that she did not have a huge following but still was able to bring in a five figure income for that month.

Amanda was able to bring in this large sum of income by finding side hustles that really worked for her such as coaching and content creation. Even though this income report was from a year ago she has continued to increase her income with these side hustles over the past year.

For me, personally, Amanda is a great example that shows you do not need that massive following to make good money on the internet. Keep up the good work Amanda!

Amanda Abella

Lanny and Bert – Dividend Diplomats – $1,498.60 (Lanny’s June 2017)

Last month I focused on Bert’s dividend income report so we will take a look at Lanny’s this month. Lanny had his best month ever! Congrats on the continued success Lanny! In June he brought in an extra $1,498.60 from just dividend income. That sure sounds like an awesome source of income to have each month!

Curious as to what the heck dividend income is? Andrew explains it really well in his What are Dividends and Dividend Investing article. Check it out to learn more!

Investment Hunting – $1,356.20 (June 2017)

This is another great performance on the dividend income front! Investment Hunting was able to bring in an average of $32.58 every day for the month of June. In my book, that is pretty freaking awesome! I am starting to see why Andrew is so focused on dividend stocks.

I enjoy following Investment Hunting because he is fairly diversified in his income sources. Not only does he make money from dividend stock but also options and Lending Club. If you are curious about his Lending Club income see last month’s roundup.

Keith Park – DivHut – $815.38 (June 2017)

Our last income report this month is a dividend report from Keith Park of DivHut. Last month Keith made just over $500 in dividends but crushed it in June where he made just over $800! That is nearly a $300 increase in the month of June! Wow!

Keith has a very nice and clean strategy to gaining extra income from dividends. Andrew has also written up what his strategy is in his My Dividend Investing Strategy.

Outcomes

Overall, these passive income experts continue to find success through their varied sources of income. Some people are more diverse than others with their sources of extra income than others. I personally believe that everyone should become as diverse as possible like Pat Flynn but it takes time. As we strive to become more diverse we need to focus on one source, become experts in it, and then add on another source on top of that. Do not try to add too much onto your own plate at once as this can increase the chances of failure.

Ready to add on another source of income to your plate? Maybe it is the first source for you? Check out our newly redesigned (thanks, Andrew!) Ways to Earn More Money page. Here Andrew and I personally review as many different ways to earn extra money as we can to help you decide if it is right for you.

5 Simple Ways – How to Sell Photos Online

5 Simple Ways – How to Sell Photos Online

Alright, before we get started. Let me say I’m excited about this article! I really enjoy bringing a personal touch and felt this article “How To Sell Photos Online” allowed me to bring in some personal experiences on what really works for selling photos. I’ve done most of these.

As many of you already know from other posts, I love photography. This hobby is one of my true passions in life though, sadly, I do not get to play with my camera much anymore. Thankfully, before this downturn in production, I was able to gather a lot of different experiences that taught me how to sell photos online for extra income.

Over the years, I have been fortunate to shoot my photos all over the U.S. and the world. It took a lot of honesty with myself, patience, and persistence to build my skills to create some decent photographs. Many of my photos have sold to people around the world using several different platforms of selling. It is a very fun and addicting experience to have someone purchase a photograph that you created from scratch.

Here are some of the different ways you can sell photos online.

1. Stock Photography

Okay, everyone knows about this method on how to sell photos online already so let’s get it out of the way. Using Shutterstock or iStock Photo is probably the easiest way to earn extra money online selling your photos. All you have to do is head over to one of these sites, sign up, upload, get accepted, then sit and wait to get paid.

I have used stock photography to make true passive income for the past four years.

About five years ago I was in St. Louis. While there we visited a high vantage point in a hotel that over looked the St Louis Arch. I snapped a quick shot (this article’s featured image) through the glass window not thinking anything about it. Later on I decided to add it to Shutterstock and iStock Photo. To be honest, compared to the other photos I was uploading, I was not too excited about the one of the arch. To my surprise though, it has been a best seller for me. Between the two hosting services I have made over $1,000 off of the photograph.

Why did this photo do so well? My theory is because it is from a different angle than your typical St. Louis Arch photograph. Go ahead and take a look at the top St Louis Arch photos on ShutterStock and compare to mine above. Notice how it is completely different from the other top sellers. This is what you should do for your stock photography. Find a topic on one of the stock photography sites that is selling well. Then analyze the competition figure out how you can do your photo better bringing fresh content to the topic.

For some more great advice on stock photography check out Andrew’s experience on Selling Stock Photography.

2. Direct Sells

A few years back I was very active at marketing my photographs. I was blogging every day, creating conversations on Twitter, and gaining visitors like crazy. This is when I had a few people directly contact me to use my photos. One client was a hospital in Iowa looking for photos to use on their website. The second client was a marketing company out of Sweden looking to use my Portland Headlight photo for one of their clients.

Overall, I only made $75 off of these two deals but I was still very excited. One thing I learned was to only work with clients who have a budget. The hospital did not so I gave them a one year license for free as long as they gave me credit for my work on the site. I thought this would give me exposure. It did not.

I learned from this mistake when the Swedish deal came up. Here I made sure that I was going to get some money out of them. We came up with a deal for $75, they signed the license, then I sent them a digital copy of the image. It was essentially a direct stock photography deal.

3. Etsy

If you read my 8 Extremely Flexible Part Time Jobs for Us Grown Ups article, you know I once started an Etsy shop a while back. I did not spend much time on my shop to get it going but did sell a couple of photographs there. I have heard that if you work fairly consistently on your own shop for about a year that it can become pretty lucrative.

Like I said, I did not really work very hard on my shop so nothing huge ever materialized with Etsy. Out of the photographs I did sell, I made around $100.

Hopefully in the near future I can get back into my Etsy shop. I think this could be a really nice way to make some extra income.

Etsy allows you to sell your own crafts as a part time gig.

4. Magazines

One time, I had the editor of a digital magazine contact me to take some photographs around the Denver area. They were doing a spotlight on the city and wanted me to take photos of local landmarks, things to-do, and my favorite, food! I went around taking these photos, signed a contract with them, and then got paid a couple hundred bucks. Later on, the article was published which was an incredible feeling!

To start your own freelance journey on how to sell your photos online, I recommend you to contact editors of any magazine around the country. This will let them know you exist and that you are hungry for some work. Do not get discouraged if they say no right away. If they turn you away, remember to follow up ever couple months or so.

Also, I am sure there are freelance websites around the internet to help you find new gigs. I do not have any personal experiences with these websites though. Oh! Article idea!

5. Consignment Shops

Alright, this idea is not about how to sell photos online but rather at a physical store. It is very similar to Etsy and Direct Sells so I wanted to include it for you. Here you can find locally owned gift stores that sell items from local artists. Most of these stores sell items like a consignment shop would. They give your item space in the store for a certain amount of time. Once it sells then they take a cut of the income and you get the rest. Pretty sweet!

Selling at a local store is also one method I do not have personal experience with yet. I have been wrestling with the idea for a while now but have not pulled the trigger yet. Once I do, I will let you know how it goes.

Wrapping it All Up

Here are five fantastic and very probable ways on how to sell photos online. Most of which I have done myself. Some of these methods take more time than others. Some are truly passive while others require you to reach out and find work. If you are ambitious it is possible to do all five of these methods to sell photos online. I would recommend starting with only one at a time instead of trying to start with all five at the same time.

It takes time, patience, and persistence to sell your photos online. Do not give up if you have not sold anything in the first week. Keep pushing forward analyzing your work to make sure that it actually looks good compared to others. If not, learn how you can make your work better. Remember that failure is okay and if you learn from your mistakes you will come out ahead.