More and more people are looking for ways to earn money online. Some turn to subtopics to earn some extra money, while others establish Internet businesses that become their full-time jobs.
Let’s take a look at seven ways to make money online that could take up some or a lot of your time. Think of these options as additional sources of income, most of which have the potential to be so much more.
1. Affiliate Marketing
Affiliate marketing can be a cheap and relatively easy way to make money online. You don’t need to have your own products or services to sell; Affiliate marketing gives you the opportunity to earn commissions from great companies.
Promote a company’s products or services on your website / blog or social media account and provide links to company offerings. These affiliate tracking links ensure that you get credit for bringing a paying customer to the company’s website and that you get a percentage of the sale as a reward.
The main job in affiliate marketing is to give people a reason to visit your website / blog, be it Instagram, Facebook, Twitter, or other social media account, and to build a large audience and followers. To do that, you need to provide content that is likely to attract people interested in buying what you are trying to get people to buy. For example, you can write and create videos about consumer electronics (how to use them and / or which ones are the best) in a search engine optimized way.
2. Online Recharge
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3. Start Your Own E-Commerce Website
A related way to make money online, but which may require a bit more work on your part, is with an e-commerce website. You would sell products from your website, whether they are your own or commercially available products.
If you choose the latter route, drop shipping is the most common and easiest way to fulfill orders. You get customers and receive their orders, but an outside company stores and ships them
If you are making your own products, you may want to start selling them both on an established platform, such as Etsy, and on your own site. After building a customer base, you could eventually cut out that middle man.
You can monetize your ecommerce website by hosting ads, such as with Google AdSense.
4. Online Publishing
Regardless of your current profession, nonfiction ebook publishing is a great way to help establish yourself as an authority in your field while generating passive income. Once you’ve written and published the book, you don’t need to do anything active to generate income from it.
If you’ve written a must-read novel, especially in a popular genre like romance, science fiction, fantasy, or mystery, publishing it as an e-book can keep thousands of people watching.
You can sell e-books on platforms like Amazon.com. If you can make a name for yourself as an author, you can start selling e-books directly from your own website and increase your profits.
Consumers of self-published e-books expect a quality experience comparable to that of a traditional publisher. If you don’t have all the skills to ensure a polished end product, consider hiring a text editor to fine-tune your texts and a designer to create an attractive cover. And if you’re having trouble turning your ideas into paragraphs and chapters of prose, you can hire a development editor to help you with that first part of the process.
5. Take Online Surveys
Completing online surveys is an easy way to earn extra money or prizes like gift cards. Market Research Firms (MRF) are behind many online survey sites, including American Consumer Opinion, owned by Decision Analyst. You can also sign up to take surveys using aggregators like IdeaShifters or Swagbucks, which partner with many different companies and MRFs.
Don’t expect to earn more than a dollar per survey. And you will most likely have to provide a lot of information about yourself before you can take the first one.
If you are looking for survey opportunities, stick with companies that have a proven history of paying for survey responses and that are not scams designed to obtain your personal information. Also, keep in mind that you may not qualify for certain surveys because they don’t match the demographics the business is looking for. For example, you may be too old or too young.
6. Online Freelancing
If you have a specific skills-based service that you can perform remotely, such as IT services, copying, or graphic design, you can offer it as a freelance online. If you can find and accept enough jobs, you could become a full-time freelancer in your field. Or you can take on incidental allowances to supplement income from your (main) job.
You can find jobs on freelance-specific websites like Freelancer and Upwork, as well as major job boards like Indeed. Also consider joining an organization specifically for freelancers in your field. These groups often allow you to post information online about yourself and the specific skills you can provide, and they can send email alerts or have a job board with contact information for those seeking freelance help.
A site like Meetup can be a good place to start finding other people who share your interests and skills.
7. Coach Online
Life coaching is another promising online career opportunity, especially if you have strong communication skills and a desire to help others be successful in their personal or professional life. Many people need a push to overcome a mental hurdle that gets in the way of personal happiness or professional confidence. As an online coach, you can give them tips to help them change their thinking and improve their lives.
One of the hardest things about becoming a life coach is finding a client base. If you’re just starting out, you can try advertising online and offering to speak with community groups.
Having a professional certification can make you a more credible option when someone is looking for a coach. And by offering the testimonials of previous clients on your website, you also become a more attractive candidate.
8. Offer Online Courses
Like e-books, online courses generate passive income after you create them and make them available online. If you have a talent for teaching and a variety of skills that you would like to share with others, consider creating online courses to earn extra money.
The main website where you can post (and get paid) for your courses is Udemy. However, as with the other online businesses, if you can build a reputation, you can offer your courses through your own site.
In addition to knowledge in a particular field, you must have an attractive presence in your videos. If you cannot keep the attention of potential students, they will not return to class.
9. The Bottom Line
There is a lot of competition online for many of these money making opportunities, especially as more and more people are unable or unwilling to work in traditional settings. According to Stanford University economist Nicholas Bloom, 42% of American workers were working full time from home in June 2020.
To make the most of these opportunities, you need to stand out from the crowd and convince prospects and customers that you are the right person to buy or hire. To be successful in any online activity requires exceptional online marketing skills. If you can learn to successfully sell yourself and get search engine followers and views, your business success should follow.