One of the advantages of the internet is that you can conveniently go into any business of your choice from the comfort of your home, either as the principal business or as a side business.
All you need to accomplish this is an internet connection and a device that can grant you access online (a phone or a laptop computer).
The good thing is that there are a good number of ways you can make money online. All you need to do is to identify the profitable niche markets available and pick something suitable/appropriate for you.
Also, the majority of these online revenue strategies are not complicated and require little or no capital to start.
Now let me warn you;
You see, most people think making money online should be an easy thing. Though it’s a simple thing, it’s not an easy thing.
Though we can show you some of the ways you can start making money online, establishing yourself in any of these niches requires hard work, persistence, and commitment.
In this blog post, we’ll be sharing with you 10 ways that you can make money online.
If you have good writing as well as creative content development skills, you can make money by putting this skill to use. Freelance writers are paid based on the number of content they create, as well as on the quality of their works.
According to Holly Johnson, owner of Club Thrifty, who makes over $200,000 per year creating content for other websites, “the key to making it as a freelance writer is figuring out a niche, networking with people who might hire you, and delivering high-quality content 100 percent of the time.”
Affiliate marketing is one of the easiest ways to make money online. It basically involves promoting other companies’ products and getting a commission when someone buys the product.
Here’s how it works.
As an internet entrepreneur, you have to have an active online presence (websites, blogs, social media platforms, or e-commerce sites) with which you can promote other companies’ products by providing valuable content aimed at promoting these products to potential consumers on your platform.
When your audience clicks on the link to make a purchase, they are directed to your affiliate partner’s website to complete the transaction. You get a commission for every click that leads to a purchase.
If you consider yourself an expert in a particular field, then you should probably consider consulting.
Find people who are willing to pay to be counseled, either about their personal or business goals. You’d be surprised at how much people are willing to pay in exchange for valuable information.
Robert Farrington of The College Investor, who advises people on the best ways to use social media tools like Facebook and Pinterest to grow their brands said he does an average of 4-6 of these per year for a while depending on his schedule and the work involved. The best part is, he charged a flat rate that usually worked out to around $100 per hour.
Create online training/courses
If you have any skill that you can teach others, you can set up an online course to do this. It could be cooking skills, makeup skills, sharing business/financial tips, etc.
You can try using websites like Tutors NG, which allow users to monetize their knowledge by creating learning materials for others who might be in need of that specific knowledge.
Blogging is an old-fashioned but proven way of making money online. If done well, blogging can generate well over hundreds of thousands on a regular basis.
If you provide valuable content on a regular basis, you’ll begin to attract like-minded people interested in your niche information and products.
Because you have been providing these people with free useful content, they can now trust you and purchase your product either via ads or affiliate links in your posts.
Note, however, that blogging takes time and requires a bit of patience before you can start making real money from it. For now, what you need to do is to keep writing regularly and sharing your website and content on social media platforms.
As soon as you start generating/driving traffic to your website via quality content, you can then monetize your blog with pay per click program and affiliate products to earn more money.
If you have a website or a large social media following, companies will be willing to pay you to promote their products or services and influence sales for them.
You don’t have to own a website to do sponsored ads for people. You can be a social media influencer. To do this, try and build a large social media following by posting quality content on your social media accounts.
Also, be specific about the kind of niche that you are interested in building and then start posting content around that niche.
- Product reviews
When companies release new products, they look for real people to test out new or existing products and review these products on their websites or their social media platforms. Why?
People are motivated to buy or try out new products only when they are sure of other users’ experiences. You can make tons of money by reviewing products for business owners.
If you are more tech-inclined, you can even get paid to test new mobile apps and websites so that website owners, coders, and designers can see and evaluate the obstacles that real people experience with their products.
An increasingly popular way to make money online is to fill out online surveys. Research companies are always recruiting new members to answer surveys and test new products.
So, by just taking a few minutes to fill out some forms online, you can make money.
YouTube is the largest video-sharing community where people watch videos and learn a lot of things for entertainment and educational purposes, and has been proven to be one of the best ways to make money online.
Forbes recently profiled some of the biggest players in the YouTube scene.
According to the study, the top ten biggest-grossing YouTube stars brought in $127 million from June 2016 to June 2017. The most popular, a gamer named DanTDM, earned $16.5 million of that on his own.
All you need to start making money via YouTube is to create a channel and start uploading interesting or educative videos that can generate a lot of views.
Make sure you upload videos consistently and also be sure that your videos are high quality and contain useful or entertaining content.
Once this is done, you can enable your channel for monetization through Google AdSense and start making money. When viewers click on an ad, you split the fee with Google. The more views, the more revenue for you.
Sell on E-commerce websites
Leveraging the power of third-party sites like Amazon, eBay, and the like is one of the quickest ways to get started selling anything online.
These e-commerce websites with powerful sales and marketing platforms allow a merchant to list and sell their products online for free.
You also get to enjoy certain benefits that help you cut costs and still deliver well. For instance, these sites expose your product to a huge online audience that you will not be able to access offline and you’ll find a built-in search feature that makes it easy for interested buyers to find your online storefront easily.
You also get to use the site’s shopping cart and many more benefits.
In summary, when starting a business online, you must understand that it’s just like creating a business offline. You have to be smart, different, and determined.