Ways To Make Money

Ways To Make Money

Money Making Ideas, extra income opportunities and stories to awaken the entrepreneur in you

Help Companies And People Comply With The Law

There are tons of laws and regulations that must be observed by companies and individuals, but very few people know what the requirements are.  By helping organizations or individuals comply with their legal obligations, entrepreneurs can turn a profit.

If you are well versed in the legal requirements of an industry, for example, a consulting business may be your future.  A source of revenue can be audits for companies that must comply with strict guidelines.  It is better for an organization to pay an auditor that can highlight areas of deficiency, than it is to be faced with stiff fines for being out of compliance.

At the individual level, you can offer classes, for example, that get people certified to do specific jobs.  There are also all sorts of mandatory classes that must be taken by people who may have experienced financial or legal difficulties. 

Find Prospective Customers And Sell The Leads To Interested Companies

Companies need sales leads to feed their business.  Most of the time, they invest heavily in marketing their brand, their products and services.  If all goes well, the constant advertisements are rewarded with a list of possible customers who may buy what is for sale. 

Given the high costs and high risk of marketing and advertising, the market has room for entrepreneurs who can facilitate customer acquisition for organizations. One example of this money making approach is to take on all the risk of attracting customers, but charging per qualified lead or sale made.  For example, a firm can advertise plumbing services and set up a call center to answer inquiries regarding the price per job.  While the company may not have a single plumber on its payroll, it can refer the qualified lead (The caller is obviously interested in plumbing services), to one or more plumbing companies.

The plumbing companies would then pay the referral firm a fee for the lead, or after the work is actually done.  Either way, the plumbing company does not have to advertise on it’s own and can concentrate on plumbing rather than attracting new customers.

Examples:

Offer club-goers free club reviews

Dish out free club reviews and information for the club scene.

Nation-wide taxi service with no cars

Arrange cab rides for people everywhere without a owning single taxi 

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