Up the internet is more than a source of news and entertainment gossip. Today, tens of billions of dollars are being exchanged via a multitude of legitimate activities. More and more people are starting their own businesses on the internet and making money online. Some are even turning their online ventures into full-time internet businesses.
Are you ready to turn your passions into profits and start your own online business but not sure where to get started? Let’s take a look at ten ways to make money online that won’t require a lot of time or cut into your regular routine. Think of these options as supplemental sources of income with the potential in some cases to be a whole lot more.
#1: Google Adsense
One of the most popular ways to make money online is by starting your own blog.
You can start your blog around just about any topic that you’re passionate about, but you may want to consider choosing a profitable niche market if you intend to make money with your blog.
Use your blog to share hobbies, thoughts, and passions with others and use your blog to make real connections with people. The mechanics are straightforward, and you’ll be able to profit with your blog via online advertising (e.g. Google Adwords), affiliate marketing (see below), and subscriber-based lists to produce a steady stream of income. There are many ways to make money with a blog.
This is one of the fastest ways to get your own piece of “virtual real estate”.
One thing to keep in mind is that these days there really is little difference between a website and a blog. Most websites are actually run on blog based content management systems, such as WordPress.
Your blog doesn’t just have to include blog posts, but can include regular web pages, sales pages, e-commerce, product pages, etc.
#2: Affiliate Marketing
Whether you have a website or are still dreaming up ideas for a blog, you can also look into affiliate marketing. With affiliate marketing, you partner with brands and businesses within the content of your website. If you mention a product or service, you link to that produce or service using a unique affiliate code you received when you signed up for that particular affiliate program. From there, you’ll make money any time someone buys a product or service through your link.
Generally speaking, you’ll want to partner with affiliates that are related to your blog concept. Since I’m a financial advisor, I have focused a lot of my affiliate energy on financial products like savings accounts, credit cards, and investment accounts.
In addition to signing up for individual affiliate programs, you can also sign up for an affiliate ad network that offers a ton of different affiliates in one place. That way, you can see what works and what doesn’t work over time.
#3: Online Publishing ( E-book )
Regardless of your current occupation and lifestyle, there is probably a book inside of you that’s screaming to get out. Amazon’s Kindle Direct Publishing (KDP) platform has given thousands of people a chance to become published authors and earn money. It may also serve as a way to get noticed by more established and traditional publishers.
Not only can you sell ebooks on platforms like Amazon.com; but you can also sell ebooks directly from your own website as well. This allows you to sell your ebooks at higher prices and get all of the profits.
You can also repackage multiple ebooks into larger “packages” or use the ebooks as a foundation to sell higher-ticket online courses or even coaching and consulting services.
Publishing ebooks is a great way to make passive income, grow into bigger projects, and establish your authority as an expert in your market.
With simple to use tools, access to outsourcing graphics, cover design, etc. anybody can self-publish a book and have the same professional presence and credibility as a big publishing house.
For many people, the idea of writing a book can be intimidating but keep in mind that if you are writing ebooks that you’re selling on your own website or publishing to Amazon Kindle you can write shorter books that are more focused on a specific niche or issue… you don’t have a write extremely long books that take months or years to crank out.
#4: Start Your Own E-commerce Website
Another great opportunity to make money online is with an e-commerce website/store.
This is where you are selling physical products from your website. The most common (and hassle-free) way to do this is via drop shipping wheree you simply take the orders on your website and use a third-party source that manufactures and ships the products for you.
They key thing you’ll want to do is focus on one specific niche and be a specialty store that just caters to that market, don’t try to be all things to all people like an Amazon.com.
Speaking of Amazon.com, though you may want to tap into other websites such as Amazon.com, eBay.com, Etsy.com, etc. as a way of reaching additional people you want to be sure that you have your own web presence with your own store so that you have 100% control over your business.
#5: Freelance Writing
If you have specific writing/journalism skills or are adept in various IT/software domains, freelancing may prove to be a lucrative source of secondary income.
All you need is a computer with an Internet connection and the desire to build a respectable clientele. Chances are that these opportunities will allow you to gain valuable experience and skills that will prove valuable in your existing business and professional career.
If you’re already writing ebooks in a particular niche market (see above) then why not make your services available for other companies; as you already have the expertise to take on the niche writing assignments.
Though it’s not really a passive income stream, doing freelance work is one of the fastest ways to generate income.
#6: Online Survey
Online surveys are one of the easiest ways to earn extra cash. Brand name corporations and market research firms are desperately seeking people’s opinions on products and services and will offer good remuneration for it. Depending on their complexity, each survey can be worth five, ten or more dollars.
There are many reputable survey companies to choose from, but you may want to limit yourself to 3-5 in the beginning. Stick with the survey companies that give you plenty of surveys to take and pay a decent amount and stop using the services that don’t end up being worth your time.
You also want to avoid illegitimate companies; as this field is widespread with scam opportunities that will take a lot of your time and pay you very little money or even scam you out of your money.
Though you’re probably not going to be able to make a full-time income taking surveys it is a realistic way to make a couple hundred extra dollars a month.
For a few minutes of form filling, you can make a couple of quid which is paid as cash or rewards. You can bag up to £3 ($5) for some surveys!
A few good ones to try are:
#7: Email Marketing
If you’re interested in online marketing, setup email software and create a lead magnet that you can use in your sales funnel. Then, build up that list. It’s often said that you can expect to earn about $1 per subscriber per month. If you have a list of 10,000 subscribers, that means you can earn roughly around $10,000 per month. You will need to deliver value and not pitch them on every email, but it is a very achievable goal in a short period.
There are many ways to get people onto your list. Lead magnets are one such resource. For example, you can build ebooks, checklists and cheat sheets. But you can also do content upgrades, such as PDF versions of an article with added resources in them, four-part video training series, and more. Think about your audience and what you can offer them to better serve them, then treat them with some respect and you’ll eventually reap the rewards.
#8: Webinar Training
Webinars are quite possibly one of the most potent ways you can make an exorbitant amount of money online. You’ll need an audience to train and you’ll need to know what you’re talking about. Of course, this usually requires having a website and some semblance of an online presence. However, people can still do webinars without all of that. For example, you might have a sizable social media following and you train them every week on something to do with social media. But you will need a product to embed and sell at some point. Don’t worry about it in the beginning. In my experience, the best webinar platform out there is GoToWebinar.
No matter what method you choose to make money online, understand that you might be able to make some money fast, but for the sizable returns, you’ll need significant sweat equity. However, a year from now, you’ll be happy you started today. Remember, time is far more valuable than money. Focus on creating passive income streams that will free up your time so that you can quit the rat race and focus on the things that matter.
#9: Bitcoin And Crypto currency
It’s 2020 and there is no doubt that cryptocurrencies are here to stay.
Just like the dot com boom, Bitcoin and cryptocurrencies are at a very basic stage but if you spend some time working hard, you will end up earning a lot of money.
The best part is, you can find most of the information online and I recommend you to spend the first few days learning about Bitcoin and cryptocurrencies as much as you can before you start investing in it. Since the market is new and a lot of people are getting in, you can expect a lot of growth in the coming months or years.
You can browse Harsh’s website CoinSutra to educate yourself in the field of cryptocurrencies.
Here are some of the best tools and resources you need to get started with cryptocurrencies:
- Coinbase: Get free $10 when you buy/sell Cryptos for $100
- Binance: An exchange where you can deposit Bitcoin and Ethereum to start buying other low cap and high probability crypto coins.
- Cex: An international website to buy Bitcoin, Ethereum and few other popular Cryptocurrencies using credit/debit card.
I can’t really explain how you can earn money from cryptocurrencies in a few lines but here are few suggestions:
- Cryptocurrency investment (buying good coins)
- Cryptocurrency trading
- Master node coins
- Staking coins
- Arbitrage trading
Like I stated above, read Harsh’s CoinSutra.com to learn everything you need to know about cryptocurrencies.
#10: Virtual Assistance
This is another best way to earn money by sitting at home. As the number of solopreneurs are increasing, so is the demand for a virtual assistant. A virtual assistant job is just like a personal assistant, but done virtually.
The job could be like:
- Doing research work
- Replying to emails
- Writing content or ad copies
- Moderating comments
On an average, a virtual assistant job could help you earn anywhere between $2-30 every hour.
For anyone who can’t move out of the house, and needs an earning source sitting at home, becoming a VA is a lucrative option. We have published a few guides earlier on becoming a VA, and you could read more about it by clicking on the links below.
Yakub Abdulazeez, Is a blogger and Internet marketer with over 5 years of experience in online business. I’m also a licensed and practising medical doctor.
My aim with this blog is to help as many as I can to realize their dreams of setting up successful online businesses and make more money.