More and more people are looking for ways to earn money online. Some are turning to the idea of having side hustles to make a little extra money, while others like myself, are creating internet businesses that become their full-time job (with full-time income).
Let's take a look at seven ways to make money online that can take up a little or a lot of your time. Think of these options as supplemental sources of income, most of which have the potential to be a whole lot more.
#1)... Affiliate Marketing
A low-cost and relatively easy way to make money online. You don't need to have any of your own products or services to sell; affiliate marketing gives you a chance to earn commissions from large companies.
You promote the products or services of a company on your bridge page, website/blog or social media account, providing links to the company's offerings. These affiliate tracking links ensure you get the credit for having delivered a paying customer to the company's website, and you get a percentage of the sale as your reward.
#2)... Start Your Own E-Commerce Website
A related way to make money online—but that perhaps requires a bit more work on your part—is with an e-commerce website. You would sell products from your website, either your own that you create or commercially available ones.
If you choose the latter route, the most common and hassle-free way to fulfill orders is via drop shipping. You get the customers and take their orders, but a third-party company warehouses and ships the products for you.
#3)... Online Publishing
Publishing nonfiction e-books is a good way to help establish yourself as authority in your field while making passive income. Once you've written and published the book, you don't have to actively do anything to take in revenue from it.
Also, if you've written a novel—especially in a popular genre like romance, science fiction, fantasy, or mystery—publishing it as an e-book has the potential to get thousands of eyes on it.
#4)... Online Freelancing
If you have a specific skill-based service you can carry out remotely, such as IT services, copyediting, or graphic design, you can offer it as an online freelancer. If you are able to find and accept enough gigs, you could become a full-time freelancer in your field. Or you could take on occasional assignments to supplement the income from your main job.
You can find gigs using freelance-specific websites such as Freelancer and Upwork, as well as big job sites like Indeed. You should also consider joining an organization specifically for freelancers in your area of specialty. Such groups often let you post online information about yourself and the specific skills you can provide, and they may send out email alerts or have a jobs board with contact information for those seeking freelance help.
#5)... Coach Online
Coaching is another promising online career option, particularly if you have solid communication skills and a desire to help others succeed in their personal or professional life. Many people need a nudge to get them past a mental roadblock that's standing in the way of personal happiness or career confidence. As an online coach, you can offer advice to help them change their mindset and improve their lives.
WARNING: Life coaches should not attempt to take the place of trained mental health professionals. Coaches deal with matters like personal growth and achieving goals, not overcoming mental illness.
One of the hardest things about becoming a life coach is finding a client base. When you're just starting out, you might try advertising online and offering to speak to community groups.
#6)... Offer Online Courses
Like e-books, online courses generate passive income after you've created them and made them available online. If you have a knack for teaching and a set of skills you would like to share with others, consider creating online courses as a way of making additional money.
The primary website where you could post your courses—and get paid for them—is Udemy. But as with the other online businesses, if you are able to establish a reputation, you might have success offering your courses through your own site.
In addition to knowledge in a particular subject area, you will need to have an engaging presence in your videos. If you can't retain potential students' attention, they won't come back for more classes.
#7)... Take Online Surveys
This one was new to me, taking online surveys. It is said to be an easy way to earn a little extra cash or prizes such as gift cards. Market research firms (MRFs) are behind many online survey sites, including American Consumer Opinion, which is owned by Decision Analyst. You can also sign up to take surveys using aggregators like IdeaShifters or Swagbucks, which partner with many different corporations and MRFs.
We put this one last because you shouldn't expect to make more than a dollar or so per survey. And you will most likely have to provide a good deal of information about yourself before you can take the first one.
We suggest, when looking for survey-taking opportunities, stick with companies that have a proven track record of paying for survey responses and that are not scams designed to get your personal info. AND you may not be eligible to take certain surveys because you don't match the demographics the company is looking for. You may be too old or too young, for example.
There's a lot of competition online for many of these money-making opportunities—especially with more and more people unable or unwilling to work in a traditional setting. According to Stanford University study 42% of U.S. employees were working from home full-time as of June 2020.
To make a go of most of these possibilities, you will have to become a CATEGORY Of ONE. Your Power of Presence is what make you stand out from the crowd and convince prospective clients and customers that you're the right person to buy from or hire. Becoming successful at any online business requires exceptional online marketing skills. You can learn how to successfully market yourself and gain followers to make your business a success.