“Don’t stay in bed unless you can make money in bed.”
George Burns was not familiar with these futuristic ways to make money online when he said these historic words. Because believe it or not, the time has finally come for those who want to make money in the comfort of their beds.
The future has arrived, and it brought with it the multitude of opportunities that we never dreamed of in a million years. Making money is now easier than ever. If done right, you can even make money while sleeping.
You can build an empire working from your basement. There are no limitations. If you are an investor, you can invest in a plethora of businesses. All of those are legal and growing exponentially.
Crypto, dropshipping, Robo advisors, Amazon FBA all of these terms might be new for you. But once you get familiar with these, you will fall for them. These are the ways that are going to help you in making a fortune.
You can earn millions from working on different projects at flex jobs.
This is the beauty of these future ways of making money online. These jobs are flexible, and you don’t have to be someone else’s beck and call.
You just need to identify the potential that has been hidden in you for years and explore it.
You might be wondering, what is freelancing? Or do you need to know how to become a freelancer? Freelancing means working independently. No one employs freelancers, and this is why they are called independent contractors.
The ever-changing trends of the market recently witnessed the highest independent workforce participation since the launch of FIA. In 2019, almost 53% of American Generation Z workers were working as freelancers.
Freelancers are paid for providing services. They usually engage in short-term contracts. But they can also opt for long-term contracts with monthly or hourly payments. They can set different milestones depending upon the nature of the work.
It is one of the most popular ways of making money online. It is famous owing to the perks it offers. To find a freelancing job for yourself, you can go to various platforms like Upwork, FlexJobs, etc.
At Flexjobs, you can find any freelancing job without worrying about being scammed. Before starting job hunting, they ask your preferences and recommend the job offers accordingly. You can apply for the job that seems fitting to you and start your freelancing career.
Whatever skills you specialize in, freelancing allows you to showcase them. You can offer your skills and get a handsome payment in return.
If I were to mention the one most significant advantage of freelancing, I would say, “You are not bound.” Freelancing fascinates people because of its flexibility. Another benefit that might intrigue you is total control of your earning potential.
Don’t believe me? You can always ask Roshan and read his account on how freelancing changed his life.
You don’t have to deal with office politics. Also, you have the freedom to choose what and when to work. Along with 100% job security, freelancing also boosts your confidence.
Before you decide to give it a try, you need to know; how to get started?
Hunt for a skill that you can offer. This is the most crucial phase. You should choose a skill that you enjoy. It is even better if you join some online courses to polish your craft.
Start working for local clients and build your reputation. Engage in different forums related to your work. Create an interactive portfolio because a winning portfolio is what separates winners from losers.
After all this, you are ready to launch yourself. You just need to decide where. Find the right platform related to your work. This platform can be different freelancing groups on Facebook or Reddit, or simply professional sites like Upwork, people per hour and flexjobs, etc.
Before hopping on this too-efficient way of making money online, you must consider some suggestions.
- Be flexible and clear about your costs
- Understand your target market.
- Stay motivated and make an excellent first impression of yourself.
- Expand your network by engaging with buyers on different platforms.
Set up your space and get to work. Happy Freelancing!
If you are looking for a modern business model that requires less investment, this is for you. In Dropshipping, a third-party supplier purchases the products from the seller and ships them to the consumer.
Isn’t it fascinating that you can start selling products without opening a store? You just need an online storefront, and that’s all. Dropshippers are just a middle man getting a considerable profit by providing a platform to sellers and buyers.
Dropshipping is a low-maintenance business. You don’t have to go through any inventory or logistics. Also, you can offer multiple products. Make an impact on the big market with straightforward methods. Also, the setup is quite facile.
You can start Dropshipping right now by following these steps.
- Commit yourself
- Choose a niche for your Dropshipping business
- Conduct thorough research
- Choose a credible supplier
- Build your eCommerce store
- Arrange your business structure, lawfully
- Focus on your finances
- Advertise your store
- Analyze and upgrade your offerings
Dropshipping is quite famous. To get a competitive edge, you need to create a difference. Andreas Koenig and Alexander Pecka are making millions from dropshipping. You can do this by selecting the right tools.
You should select the best tool for every purpose. For an eCommerce platform, Shopify is the best choice. For Dropshipping order processing, you can opt for Oberlo, AliDropship, or Spocket. Google Trends for market and product research can also be your tool of choice.
Source: sprocket. co
If you are planning to opt for this way, you need to practice it. Test your products and focus on their presentation. Offer customized content to buyers. Never charge less for your products.
You should automate your website and make it presentable. Do not forget, marketing is the key to success. Pay attention to your marketing techniques. If you are not a general store, stick to your niche and never limit suppliers.
Dropshipping also features some disadvantages. Low margins, shipping complexities, supplier errors, and limited branding are a few of them.
Dropshipping might not be a perfect way to make money online. However, it is a stress-free way to build your business online. Though it requires hard work, the results are worth it.
Amazon is the true future as well as the present of shopping. One of the reasons for its fruition is the easy interface and support to its shoppers and sellers.
In this business, you hunt for high demand and then source these goods from selling them at discounted prices. Rebrand those products, and voila, you are ready to sell on Amazon.
Marvin, a newcomer in the FBA business, earned 10,000 dollars in just four months.
You can also be part of this fast-growing community through simple steps. All you need is a little investment. But first, let’s teach you a few basic terms so that you can decide for yourself if it is something that is your cup of tea or not.
The first thing you need to do is to choose a suitable Marketplace. There are 18 marketplaces. You can select the one that seems more approachable to you. Decide a Business Model; either you want to go for a private label or wholesale.
Private Label: Manufacturing and Selling products under your brand
Wholesale: Purchase and sell of products of other brands in bulk
Dropshipping: Marketing and selling other manufacturers merchandise
Handmade: Creation of your handmade jewelry or clothes etc
Select your Fulfillment methods. These are two different fulfillment methods presented by Amazon.
I am focusing on FBA for now because FBM is more time-consuming. In FBA (fulfillment by Amazon), Amazon handles all your work for you.
All you need to do is research a product that you want to sell, create its listing, find a supplier who can ship the product to Amazon’s warehouse. From this step onward, Amazon will take care of the rest.
For first-time entrepreneurs, FBA is better because of its flexibility and fewer working hours requisite. On the other hand, FBM demands more vigorous work but with better profit margins. So, it is all up to you. After selecting a product, you can calculate its profit here.
After this preliminary work, the actual process will start. You will have to hunt for a product that you want to sell. You can hire a VA for this.
Look for proper sourcing through Alibaba or independent sellers. Once you are ready to sell, Sign up on amazon seller central. Create a listing for your product and launch it.
You will need the following tools to generate maximum profit on Amazon:
Appeagle: For repricing of your items in case your competitors lower theirs
Restock Pro: Keeps an eye on your inventory like a pro
Feedback five: sends automated responses to your buyers
Shipstation: Manages your shippings
TaxJar: No need to hire a lawyer as this tool will handle your taxes
Flexe: Inventory storage for FBM sellers
Jungle scout: Collects data regarding your sales and everything.
Making money through Podcasts might be the most surprising method so far.
But once you get a little experience, it can get quite rewarding. If you don’t believe me, you can always ask cole Jhonson; she is a full-time podcaster. She left her regular 9 to 5 jobs to be a successful Podcaster.
You can also learn to make 500 to 900 dollars per podcast. 55% of US consumers listen to audio podcasts, and you can also become one of the voices they hear religiously.
A podcast is nothing but simple audio broadcasting on the web. Its popularity lies in the fact that you can listen to it any time. That is why its listeners are increasing day by day.
Generally, there are three types of podcasts.
This podcast includes interviews of different peoples. One host or multiple hosts can start this podcast. All you need to do is to find influential and famous people and convince them to participate.
It is a monologue. The content of such podcasts is usually informative, news-related, or opinionated. It is one of the best and most famous formats of podcasts.
These podcasts are all about discussions among hosts. It is more like a solo podcast on a greater level. However, it is usually thought to be more entertaining than solo podcasts.
Podcasts are famous because they allow listeners to multitask. The diversity of topics offered by podcasts makes them versatile. They also help in advertising your business or products.
The investment cost is meager, which makes it a suitable business option. Podcasts help you build your network.
Process of Starting A Podcast:
- Study your target audience; this is a crucial phase before launching a podcast. If you don’t know your audience, you can never create a podcast that caters to their needs.
- Choose an exciting name. Your name should depict the nature of your podcast and should not be generic.
- Select the show and episode format, and you will be ready to work on your podcast.
- Start by creating a podcast cover art. Decide on the intro and ending music.
- After these creative decisions, you will need to select efficient equipment to record and edit your show.
- Script your show; never go freehand. Practice a few times, and then record your podcast.
- Once you are done recording, edit it yourself or hire someone to do it for you. Launch it!
These steps sound so easy, but they aren’t. They require skill and devotion. Other than that, they require good software choice.
For recording on Windows, people usually prefer Adobe Audition or Audacity.
For recording on macOS, GarageBand and Logic Pro are famous.
Also, some other platforms can help you edit your podcast. Such as,
For launching a successful podcast, you invest in proper equipment. Always choose an interactive theme. Create quality content and make your podcasts SEO-friendly.
Choose interesting topics you are passionate about. Be a great host and invite great guests. Be consistent in your efforts and stay motivated.
Niche authority sites are the new hot favorite of bloggers nowadays.
Once you set these sites, they become a hub of passive income for you. I must warn you that the initial process might not be easy, but you can earn hundreds of dollars while doing nothing once your site is up and running.
Spencer Haws, the owner of niche pursuits, writes in his article that he made 20 dollars only during his first month, but after a year, he was able to get an 11K profit monthly.
If you also want to generate a niche site to increase your monthly revenue, You need to start looking for a niche first. There are thousands of niches to choose from golf to yoga to paintball. You need to select a niche that has enough variety for you to write on.
Find a niche with lots of potential for low competition keywords. A long-tail pro can help you a lot in this regard.
Find those keywords and try them out. Check if other websites with low DA and fewer backlinks are ranking on it. If the answer is yes, go for it. If they can do it, so do you.
You need a few product round-up articles, some reviews, and multiple informational articles.
Make a logo, and your website is ready to launch. You need to take care of the following things before launch. Content should be SEO optimized, take care of on-page and off-page SEO.
Articles should be keywords-based with attractive titles and great images. For every one product roundup article, there should be at least ten informational articles. Link all these with each other through internal linking.
The next step is to decide on a monetization strategy. You can earn money through:
Other affiliate programs like Clickbank, ShareASale, and jet.com, etc
After registering on these platforms, all your focus should be on building the credibility and authority of your website. Once Google acknowledges you as a serious website, you will automatically start getting organic views.
Initial 4 to 6 months will be challenging, but you will realize that the process will become semi-passive once you start earning money. And at this point, you will be inclined to build more niche websites.
Do you know? You can make over six figures per year by teaching different online courses.
This kind of education is easier and more convenient than conventional teaching. Because it does not limit you to one thing only, the sky is your limit with these courses. Are you good at painting? Teach people how to paint on Udemy.
These courses range from basic life skills to complicated arithmetic problems. So, if you are good at cooking, you can make a course utilizing your culinary skills.
Is yoga your jam? Teach all about Hatha yoga to your students. Either create a course or do online tutoring. But in my opinion, these courses are more beneficial in the long run.
If you are interested in these digital courses, you can use mainstream platforms like Udemy and Skillshare. After trying these marketplaces and checking your caliber, you can move onto the course creation software that allows you to build your course from scratch.
On these marketplaces like skillshare, you can create a course and publish it without spending a single penny. You can test your waters with it and see if you can capture an audience.
When you realize that you have enough people seeking the help of your course, become a part of their premium catalog. You earn 10 dollars with each referral and royalties based on the watched minutes.
There are several course creation software for all those who want to step ahead from these course marketplaces. With the help of these tools, you can produce interactive and intuitive courses for your students.
You can create different quizzes, videos, slides, and all that you want in one place. In the end, you even award certificates to your pupils.
The best thing about using the software is that you won’t have to share your profit with anyone. With a fixed amount per month, you can get access to hundreds of paid courses and templates.
People are seeking instructors to guide them in various fields of life. You can help not only individuals but also big enterprises with your skills. For that, you don’t even need to register yourself on these platforms. You can utilize zoom and even Facebook live for this purpose.
Were you a rising star in school? Well, now your nerdiness can earn you some money. You can put your notes and assignments online as well. Are you homeschooling your kids or siblings at home? Maybe you help them with their homework. What if you get to do the same amount of work, but you get a little earning as well?
Yes, you can do that by tutoring other kids online as well. Join sites like e Tutorworld for this purpose.
Producing an excellent course is not enough to guarantee success. You need your course to reach the targeted audience as well. For that purpose, you can either hire a marketing expert or use various forums like Kajabi, etc.
If you ever dreamt of experimenting with eCommerce, now is the time. The number of online buyers is only expected to increase every year as eCommerce is an ever-evolving market.
One common misconception is that the market has become too saturated, which is not the case. The buyers are increasing every day. Therefore, there is enough room for everyone to bring something innovative yet relatable to the market.
You can start with something as simple as homemade goods. Yes. Everybody loves t-shirts, pretty face masks, engraved jewelry, and gift boxes.
Do you have a passion for art and designing? You can learn through hundreds of DIY Youtube videos.
Here are some tips and tricks on how to start selling homemade products on Shopify and Etsy:
Do your deep research about general and industrial trends. Find out which item has the attention of everybody and their mama? You can check out existing homemade products stores on Etsy and Shopify to know what they are selling. Instagram, Pinterest, and Google trends are also great platforms to get an insight into the latest fashion.
After getting a good idea, you can create an account on these sites.
Pay attention to photography aspects. Most online sellers don’t have much understanding of photography. If you can afford it, hire a professional product photographer to take captivating pictures of your products.
No business is successful without marketing and promotions. Do active research about your competitors. Read the reviews on their products and understand their strategies.
It is pretty beneficial to have a following on Instagram or Twitter. You can share store updates with them. Otherwise, Facebook groups are a way to go. Learn about Search Engine Optimization and insert the right keywords.
Some people tend to pay more attention to store aesthetics than creating something enticing and grabbing customers’ attention. Not saying presentation does not matter, but give your attention to the things that matter the most.
Have you ever thought about bringing your inner artistic child and entrepreneurial ideas together? You might have, but the idea of a massive financial investment must be holding you back.
Luckily, there is an online business model where you can start selling products under your label with little to no investment. They call it the Print on Demand business.
Print on Demand is a business model where you create the designs for your products and sell them online. The best thing about this business structure is you don’t need to stock a large inventory or invest in buying print equipment. A print provider will do it all for you, from printing to shipping services.
That sounds like a fun passive income idea, Right?
Here are some of the products you can design:
You need to follow these five steps to kickstart your journey:
- Find a niche. Then check out if your ideas resonate with people. Head over to the Internet and search for what people want. You can look at viral memes, pick up lines and come up with something creative. Instagram, Twitter, Tumblr, Pinterest, and Reddit are great platforms to give you ideas about hot topics.
Google Trends is another powerful tool to discover popular search results. You need to check if your ideas fall into the categories of these hot items. If not, come up with another idea.
Source: Google trends
- After choosing your niche, you can start the creative process. It is fantastic when you are a designer yourself. If a creative block occurs, you can seek inspiration from the Internet. But remember, you can’t just copy a design because of copyrights.
- The next step is to set up your online store. You can go for e-commerce platforms like Shopify and Wix.com. You can also build your website or make accounts on Facebook and Instagram. Instagram is a powerful platform for generating sales after building an audience.
- After building your store and adding products, you have to find a printing company. This company will deal with printing, packaging, and shipping deals.
- It is the age of digital marketing. Promote your store over social media and come up with a genius marketing strategy to drive sales. You can run Google and Facebook ad campaigns. Pitch influencers for a collaboration or share store links in relevant online communities.
Search engine optimization plays an integral part in the success of a blog/website. Everybody needs organic traffic and better rankings on search engines. Keyword research is an essential part of SEO. If you are proficient in the game of keyword research and their correct placements, you can become an SEO expert.
Google’s Senior Webmaster Trends Analyst John Mueller says this is the best time to get into the SEO game. So, if you know how to do it effectively, you can bring in a lot of money.
It is totally up to you to become an SEO expert full time or continue it as a side hustle.
Here is how to become an SEO expert and bag potential gigs:
Commence with the basics and absorb as much knowledge as you can. Learn about user intentions and the way search engines work. You can do that through various paid or free online courses or youtube videos.
You will have to optimize your content according to these two factors majorly. Then learn to use demonstrable SEO tools, Google Analytics, and Search Console to see actionable results.
Source: Google Analytics
Technical SEO is equally necessary as on-site and off-site optimization. Learn about basic Html & CSS, fundamental design elements, copywriting, link building, content marketing, Google ads, and advanced digital marketing skills. SEO is a vast field, and having a diverse skill set will give you an edge over other SEO professionals.
Work on your blog to gain hands-on experience and build a portfolio. It will help you polish your skills. Plus, you will understand the search engine’s algorithm and the nitty-gritty of ranking factors.
Offer your SEO services on freelancing platforms. When you are a competent player, you can charge as much as you want. E-commerce agencies are willing to pay higher rates to skilled candidates on platforms like Upwork. You can get a long-term or even permanent job.
Social networking sites like Instagram, Reddit, LinkedIn, and Facebook are great sites to find genuine customers. Join as many online eCommerce and digital marketing communities as possible.
Everybody wants to learn and hire SEO experts. Online tutorials are a way to go. You can sell your courses to budding SEO interns. You can also create premium content for your blog. After building a winning reputation in the market, you can conduct paid seminars too.
You can also render your services to Amazon stores. Open your eCommerce store for selling digital/physical products. Then apply your SEO skills to drive organic traffic.
Conducting a webinar is a great way to share valuable tips with a large audience. You can charge an admission fee to your online events. Entrepreneurs are generating substantial revenues from hosting webinars as a side gig, and so can you.
There is another type of webinar that usually doesn’t have any admission charges. You conduct an online meeting, get people to attend your event, and promote your products. In the end, your brand gets exposure and new customers.
To host a Webinar, you need to select a team. There are three essential elements: organizer, presenter/speaker, and assistant.
Select a format; it could be in the form of Q/A, interview, single or multiple speakers, etc. Make a perfect slideshow to ease the process of learning. Choose a platform like WebinarJam, Livestorm, Demio, etc. Decide objectives, speaking points, and cost of the webinar.
Select a perfect time and date and promote it to let people know when it will be happening.
Tips for Hosting an Effective Webinar:
- Give people something they have not received before.
- Invest some time understanding your audience and get on their level.
- Don’t sound bossy; talk like a friend.
- Have high-quality cameras and microphones.
- Always arrange a Q&A session at the end.
- After the webinar, make sure to follow up with the attendees.
In this digital era, you can become a YouTuber to earn money. You just have to create a channel and keep it updated with engaging content. As your subscribers increase, you get more views on videos as well.
The monetization or money-making starts at 1000 views. You will be paid after reaching a certain amount of views and subscribers, and YouTube will monetize your channel.
You can allow advertisements for your video if you are sure that your video is eligible for ads. Do this by setting up an Adsense account. YouTube will review your video for authentication and then approve ad appearance during your video.
With youtube, you can earn through super chat, ad revenue, youtube premium, merch selling, and sponsorships.
You can also earn via affiliate marketing, for this purpose you need to join an appropriate affiliate program e.g Amazon’s associate program. You can sell any product that is on amazon and related to your niche by telling your followers about it. Place a link in the description and for anyone who buys that product with your link, you will get a commission.
Other affiliate marketing programs include:
For all of these to work, you need to gain more and more subscribers.
How to gain more views on youtube
- Select a suitable niche and stick to it
- Study your audience and put content according to their likings
- Participate in different trends and challenges
- Take care of Youtube SEO
- Consistency is the key
- Keep an eye on the analytics and keep experimenting to see what works
- Engage with other YouTubers
Want to earn money by your talent or experience for creating unique content which is beneficial for the public? Consider the option of a membership site.
This is the best way of utilizing your talent and making them available for others at a specific rate that you set.
This method is for people who already have a substantial audience. If you don’t, you can get that by creating unique engaging content on social media and other online platforms and build credibility. Once you have the attention of enough people, you can tell them about your website and the perks of joining it.
The audience will need to become a member of your platform to access the content they need. Before starting, You need to reflect on your talents and what kind of sites you can run successfully. After a thorough reflection, check if those skills are something that people are interested in.
Make yourself the authority in the industry and devise the ways to make your content the best, and keep updating it. Develop the website according to your taste and the requirement of the target audience.
After deciding all this, you need to create content. Ensure that the content adds value to your consumer’s life; otherwise, your site would not be successful in the long term.
After proper setup, advertise your website and develop a membership plan for it. Go to Wild apricot, which is a platform for membership management. It will manage your new members. You can also visit some membership sites like Southern Business Women’s Network, for example, and develop your pages.
Source: Wild Apricot
You can choose an income-based on monthly, six months, or annual planner. Categorize the payment and allow access to users according to the money your members pay.
Some content can be available for free members, medium payers, and premium members. Or, if it suits you, you can allow complete access to the entire content in a single payment. The choice is yours.
These are termed semi-passive income for a subscription. And you can earn more than you spend on maintenance if you work hard.
Are you a tech-savvy person? Do you have a knack for designing and observing UX designs?
If yes, then congrats because the Internet has a few jobs for you. Yes, you can get paid for simply reviewing websites according to your understanding. How cool does that sound, right?
Influential brands and bloggers want to drive traffic towards their websites. It won’t happen if their website is not user/ mobile-friendly or has an unattractive design. Therefore, they are ready to pay third-party testers for reviewing their mobile or web applications.
Several websites hire people and assign them site reviewing tasks. All you need to do is sign up on any of these sites. You will be required to take a sample test. The website will start sending you assignments after taking you on board.
If you are not aware of UX principles, you can learn them through various free online courses. A few days are enough to master these.
You need to have specific skills to get hired by these sites promptly:
- Great English language skills
- Analytical and logical skills
- Creative skills and attention to detail
- Reporting skills
- Ability to work on your own
- Understanding about mob and web system technologies
- Design and bootstrap understanding
You need to have a stable internet connection, a PayPal account, and a microphone to start working with these sites. All of these platforms ask you to record a qualification test.
If your sample gets approved, they give you feedback on how to share reviews in future projects. Then you start receiving tasks to test websites. Each review takes 10-20 minutes approximately. You get weekly payments on User Testing and User Brain.
Meanwhile, Intellizoom releases payouts after 21 business days.
Ever thought about bringing your imaginations and ideas to life? It could be literature, music, games, or even designs. Are you unable to fulfill these dreams because of funding issues?
It is high time you need to take a look at the most popular crowdfunding website Kickstarter
Kickstarter supports these types of projects, as you can see on the website’s rules section:
All you have to do is create an account on its portal and start a project. Then, you set a monetary goal with a time frame. Your ideas have to be valuable enough to draw the attention of donors.
This platform works on a reward model, which means you have to pay your backers something after launching your business. The reward type depends on the funded money. It could be as minor as giving them credits on your album or sending them a free copy of your book.
If you want to raise money for a non-profit organization, this platform is not for you.
Most people assume that backers would appear magically to support your venture, which is not the case. Plus, 25% of project ideas get rejected every year.
You can go through the instructions section to get a better insight.
It is imperative to reach an audience that understands and resonates with your vision. So, be concise and specific about your venture. Promote your campaign on relevant social media communities. You can share a link to your Kickstarter campaign in Facebook groups, Twitter, or pitch influencers.
Stay interactive with your audience during your whole campaign. Keep the people updated about the progress ratio and respond to their feedback. Make sure to set up unique and easy-to-understand rewards. It would grab more attention.
Kickstarter is based on all or nothing setup. If you succeed in achieving your financial goal, you get the money. Otherwise, you don’t get anything. Therefore, set realistic goals that seem achievable within time.
Many people are still not familiar with the concept of Robo advisors. Robo-advisors work the same way as financial consultants. Employed with algorithms, these robotic advisors are online services that manage your finances and investment plans.
It is an ideal service for people who don’t have a budget to hire a professional financial advisor.
Robo advisors manage investor’s accounts according to their goals in the best way possible.
The first thing to do is to select a platform where you want to invest. There are many Robo advising services on the internet. You can choose the one that seems reliable to you.
Before investing, keep these things in mind. Firstly, do not invest actively; keep the process passive. Even if you have enough resources, go for a low-cost investment first.
I would advise you to invest with the most famous ones that are out there. Those include:
When you go to any of these platforms, they will ask for your general information, including your name, age, earnings, etc. Apart from these, they will inquire about your preferences under certain circumstances, Future expectations, Risk tolerance, and financial goals.
Your answers will help them in assigning a portfolio that is tailored to your likings and needs. The price for these kinds of investments is not that high, which makes them perfect.
Betterment has an extremely easy-to-use interface. Everyone can afford its services as they charge only 0.25% annually. It will give the right tools and advice to improve your portfolio and finance game.
If you are reluctant to invest money in an online service, Acorns comes as good news as you can get started on this site with a minimum investment of $5. You can try this kind of investment and see if this source of earning suits you or not.
The audiobooks market is rapidly growing. Due to hectic schedules, most people prefer listening to audiobooks these days. There is massive earning potential in this field to boost your financial game as an audiobook author or narrator. You can also provide your services as a ghost or co-writer.
But how to make it happen? I’ll tell you.
Obviously, you need to keep the business perspective in mind and understand that not every book can generate significant sales. The secret is to look for a high-volume and low-competition niche. It might seem complicated, but it is not impossible.
- Head over to Google and search for Amazon Kindle Best Sellers. It will show you the best-selling and top-rated books on the platform. Genres like romance and comedy have great potential, but they won’t be beneficial unless you are a professional writer.
- If you are a beginner, look for something with high potential yet low competition. Fitness, self-help, manifestation, and spirituality are some great options to get started.
- Now choose one of these low competition niches and search with its relevant keywords. See the results, and decide whether to go for it or not. Check out your competitor’s products and read reviews on them.
- You are advised to publish your book on both Kindle and Audible to get double results. You can also check the competition on your keyword on Audible. If you think your idea is compelling enough to grab customers and rank your book on the first page, go for it.
- The upcoming process is as simple as it gets. Start writing or hire a ghostwriter. Make a cover, arrange high-quality recording equipment or hire someone to narrate your book. After that, you can publish your book whenever you want.
- You get paid when a client buys your book. After service deduction, you get your money. It is a fantastic way to make a pure passive income. You have to write the book once, but you will keep receiving money for years if people keep buying.
- Last but not least, Promote. Share the news with your family, friends, and online communities.
This is perhaps the easiest way to earn money out of all the methods we have listed above.
It does not require any skill, nor does it require any investment. All you need to do is go through your possessions and look if there is anything that is rentable.
Do you own a house, or maybe you have a spare room after your kids moved out? You can rent these on platforms like Airbnb, Neighbor, etc., and earn a profit. On Airbnb, payments are hassle-free, and you can check your earning potential even before signing up on the platform.
All you need to do is go to their financial pages, add the location and situation of the space you want to rent, and they will give you an estimated monthly earning.
There are no hidden charges, you can simply put up the listings of your place, and the platform will handle the rest. They will charge the guest before booking to save you from any potential scammers.
Mike Benjamin, a writer on medium, earns hundreds of dollars on Airbnb without any investment. Start today, and you can be in his place telling your story.
People with free land can put it on sites like Gamping for campers and party people. With curbFlip you can rent out parking space as well.
You can rent out your expensive party clothes and stylish outfits on platforms like style lend.
Source: Style Lend
Apart from clothing, real estate, and cars, you can also rent almost anything you own at fat llama, craigslist, BabyQuip, etc. To turn this passive income into active, you can start your own rental business as well.
Before renting your stuff, make sure to read the policies of these platforms regarding the safety of your possessions and their criteria and vetting process for lenders and renters.
Investing in stocks is one of the most significant ways to build wealth on a long-term basis.
If you are into the stock market and stuff, you must have known that you can make trading and investment plans on your phone now. Well, thanks to ever-evolving technology that has introduced these money-making apps to us.
It is mandatory to end up with the right tools and techniques in the finance market for beginners, experts, and seasonal stock traders.
Many stock trading apps support short-term and long-term trading plans. You can start purchasing and selling stocks on any platform that aligns with your monetary goals.
There are different types of stock applications. I would advise you to go through these sites to decide what seems to work best for you. The examples include Fidelity, WeBull, and Interactive Brokers, etc.
To get started with these websites, you will be required to register a brokerage account on the site. Then, you will have to verify your identity, govt ID, name, picture, date of birth, bank info, and employment number. After this process, your account gets opened, and you can fund your account.
Fidelity is the best platform to start if you are a beginner in the stock market or have an investment mind. Always remember this golden investment rule by Great investor Warren Buffet: “Never Lose Your Money.”
, that is perhaps more important than the previous one is purchasing the stocks and holding onto them.
Continuous purchase and sale can impart short-term benefits only. If you want to make serious money, then you need to think about your long-term goals.
For that purpose, always choose the well-reputed companies.
A Well reputed company and valuable stock for over five years are formulas of success in the stock market.
Note that you won’t become a millionaire overnight through these sites. But, deep knowledge about the market and a brilliant investment strategy will bring fruitful results.
Are you a professional degree holder in programming, or maybe you are self-taught? It does not matter as long as you have a knack for coding and programming.
It is one of the most lucrative skills that can help you make a living online while sitting at home comfortably.
You need to pay heed to the ever-changing market as this field is highly dynamic. Programming languages like Html, PHP, Java, and Python are always in demand. Once you have polished these skills, opportunities are boundless.
There are several ways to provide these coding services on the internet. Here are some incredible ways to generate a handsome amount of money by working online:
Application development is one of the best ways to earn money. After developing an android application, you can launch it on the play store and choose a monetization method. You can charge for downloads and premium features. Sponsors are also finding ways to promote their brand. You can show their ads on your app. You can make a successful launch on the app store as well. You can find the sponsors on:
Most of the web pages online are supported by WordPress. You can build a WordPress plugin and bring some value to the business. Specify some of its features for only premium users and earn your money. You can sell these plugins on platforms like Themeforest, Code Canyon, etc.
If you love sharing your ideas, Blogging might be perfect for you. You can write about code, post tutorials, and charge for premium content. You can also earn through affiliate links.
Sell your coding skills on freelancing platforms. You have to make attractive gigs to attract clients. Having an exceptional portfolio is a must to get started on these sites.
If you have extra cash in hand, you can use this money to invest in peer-to-peer lending, and this additional money can be a source of income for you. To earn money in this way, all you need is a lending account on platforms like Prosper, Solofunds, or Mainvest, etc.
On these platforms, you have the autonomy to choose where you want to lend money and its terms and conditions.
Put an interest on the money that you lend, and the percentage of that interest can vary. The money needs to be repaid in a certain period, and with passing time, the interest keeps rising. So when you get your money back in this way and the interest which is applied, it will be more than the initial amount.
You can make your own Peer-to-peer website and start lending the money on your terms. Set the time duration for the loan and the amount of interest you will charge according to your suitability.
After lending the money, you can count on it as a source of passive income for you. The more significant the loan amount, the higher commission you will get.
But you need to understand that these platforms are better than lending money yourself because for the following reasons:
- Easy process
- Access to a ton of borrowers
- Decreased risk
Tech and programming experts can make their livelihood through supporting bots. Though it is passive income, they can earn you a hefty sum. You can create a chatbot for selling any specific product.
Provide tech support to affiliate marketing websites via chatbots and answer customers’ questions regarding the product to earn money. These websites sell different products and want to increase their customer engagement and trust; both of these can be enhanced by using chatbots.
There are several ways for which you can provide tech support for these bots. You can create bots for
- Survey conduction
- Generating leads
To earn money, you need to create a support bot first. As these bots are for answering the consumers’ questions, so scour the customers’ requirements.
Complete your research for the questions you need to answer. Many platforms assist in the development of these bots—for example, Manybot, etc.
After creating the bot, draw a pathway or decision tree for the transaction. This framework will help you organize all your data. You can make this decision tree with the help of Canva.
The decision tree will be like a robot answering the questions. You need to write a meaningful human conversation. So, always work on your script. You can write this chatbot dialogue using any software like Google Sheets.
Now that everything is ready, all you need is a platform like Bot Academy to put up the bot. The first bot will lead your path to the success of your business. Kickstart your business with support for bot and earn feedback.
You can monetize your bot once you have got the experience and know your audience. You can sell your chatbot to different businesses and earn a decent amount of money from it.
Cryptocurrencies are all the rage nowadays and are an excellent way to invest your hard-earned money. There are almost 7000 different types of cryptocurrencies in which you can invest. Cryptocurrencies have fluctuating prices, and they keep increasing. They are worth more than $2.2 trillion till this time.
Source: Block Geeks.com
All you need is to publish a white paper in which you explain the idea of your business. And thus, you can gather initial coin offerings from investors who will receive the share in the new product. This method is for launching a new cryptocurrency.
But you can invest in the readily available cryptocurrencies as well. There are two types of investments.
In spot trade, you immediately buy and sell your currency on the spot. These are vulnerable to fluctuation. If the spot price is higher than the future price, the process is known as backwardation, and contango is its opposite.
This is the type of investment you do for a specific time in the future that is predetermined. These are relatively stable investments. In these, you do not own the asset; instead, the contract is designed to follow the price of that said asset.
The most popular cryptocurrency is Bitcoin. The investment is just like the stock market, but it is more volatile. All you have to do is to open a broker account in a crypto firm. Then deposit your money in that account and buy the stocks from that account.
You can sell these stocks when prices are suitable.
Coinbase is one such platform where you can invest your money in Bitcoins, and you will get $5 for opening the account. The net worth of Bitcoins is $1.2 trillion. The rate you will get in Bitcoins is according to the exchange rate at the time of depositing.
Ethereum is the second popular cryptocurrency. You can invest in Ethereum at Bitpanda. Your earning depends on the exchange rate and how much more rice you sell than the price you bought.
NOTE: For this way of earning, I believe it is appropriate to mention that crypto is a highly complex world. Do not make an investment that is way too high without completely understanding these currencies, as you can end up losing all your money.
If you understand the techniques in developing software and apps, then app development is the best way to earn money for you.
App development can change your status quo by introducing you to the digital world. And you can start your own company if your app is a great hit.
But before you venture into app development, make sure to set your monetary aims straight. Complete your study and research before starting your work about the app you are going to develop. Evaluate the target audience for the app and build the details and guidelines for your app.
Make sure to choose an inclusive layout that will make your app a direct hit. You must do this before starting developing the app. This homework must be done pre-hand and your plan must be translated into the draft.
Then choose the right platform to develop your app. You can go on Appery, a cloud-based builder that you do not need to install or download. This supports app development for both kinds of operating systems which are android and iOS.
Another option includes Mobile Roadie. This is an easy-to-use platform with a simple visual and communication guide. They guide you through submitting your app, and in the background, it develops the appropriateness and quality of the app.
If you lack programming skills, you still do not need to worry about app development. Go to Appy Pie, and its user-friendly automated interface will help you develop the app.
This venture is very beneficial in terms of money. You can earn money either by rendering your services as a freelancer on various platforms like flexjobs etc. Or you can put up your app on app stores and earn by in-app subscriptions and advertisements via admixer etc.
Domains are like real-estate property, and you can buy and sell them to earn profit. This domain flipping is a very profitable business if you are a technology expert.
You need to have explicit knowledge of the concept and niche of the domain. Selecting the niche is the 2nd most crucial part, and you can do this with the help of Google keyword planner or niche finder software etc.
Your name must be unique to be registered and does not coincide with already present domains. GoDaddy is one of the reliable platforms where you can buy domains of your liking. They enlist the domains according to the level.
You can also filter out the desired domain according to your affordability range. Now compare your desired domain with other domains of the same kind to check if the price you are paying is fair. You can do this evaluation on namebio.com.
You can make a very profitable sum if you use your blogging site or another website for advertising. If you are noticing that many people are visiting your website, you must consider reserving a space specifically for ads.
Talk with businesses, and they will allow you to advertise their business through your website. You can reserve the space for those ads.
People who will visit your website will click the ad, and upon every click, you will make money. Every click generates up to 20 cents, and it can make a reasonable sum with increased traffic.
Jump into affiliate marketing by owning a unique domain name and content. With around 100,000 impressions in a month, you can join a good CPM program owned by a good company. Ensure your website makes a good impression on the advertisers by keeping it up to date and SEO-friendly. Most advertisers charge around 5% of the CPM rate.
Make an ad or banner yourself and sell it to small businesses at the start. But when you own ad space, you must partner with a reliable ad server like admixer. You can also add partners via SSP programs like MoPub and connect to have more monetization sources.
This way, you can own the Ad space and sell it directly or indirectly to the advertiser and make a handsome amount of profit. Before you put up your ad space, you need to make sure that it is getting quality traffic.
The more people visit your website organically, the more valuable it will be in the eyes of advertisers. You can generate significant traffic by proper keyword research and optimization of the website. If you lack these skills, you can always hire an SEO expert on flexjobs.
Influencer culture is not that new to the people who have been watching their favorite YouTubers for years. Did you know you can also become an influencer and make a brand of your own?
There are so many platforms for this; all you need is to recognize what you are more interested in. Eduardo Morales earns 3500 dollars from Instagram each month. Now that’s something, isn’t it?
If you are into aesthetic pictures and long soulful posts, perhaps Instagram is the right choice. For people with acting skills and creative tendencies, tik tok is the right platform. As far as vloggers are concerned, YouTube should be their primary hub.
Facebook is more populated among these platforms with over 2740 million monthly users, but Instagram is the most convenient.
Making money on Instagram requires a consistent effort over a long period.
Your focus should be on producing content targeted at your audience. There are a lot of things that you will learn from them.
The key is to keep them engaged. And once you have a viewership that is big enough, different brands and marketing companies will start approaching you.
There is no limit to how much money you can make through Instagram. You can earn via sponsored posts, story shout outs or by selling your products.
The process is simple; all you need to do is signup on Instagram, make a public account, and start posting.
You can gain followers on Instagram with the following steps:
- Catchy Bio clearly stating your vision along with a link to your website (if any)
- Post regularly (more than seven posts a week)
- Interesting captions
- Add related hashtags to each of your posts
- Create Awareness about your brand
- Keep your followers engaged
- Cash in on Instagram stories
- Produce IG TV videos
- Collaborate with your fellow Instagrammers
- Keep an eye on your Instagram sales funnel to gauge any shortcomings beforehand.
Virtual assistance is a full-time job that requires you to do tasks like handling someone’s calendar, making spreadsheets and booking an appointment, etc.
To get started on a VA job, there are not a lot of pre-requisites. There are hundreds of tasks that people/companies are looking to outsource. All you need is to decide what you want to do and perhaps what you’re good at.
Even if you lack these skills, you can always learn them through online courses and start your career on platforms like flexjobs. After excelling at essential management and organizational skills, you need to write a stellar cover letter.
Choose a pricing minimum for your service, and it can be hourly or monthly. Establish your online presence by making a website or Facebook and Instagram page dedicated to your service.
Start pitching daily.
You can use platforms like Upwork, Flexjobs, Fiverr, and freelancer.com, etc., for this purpose. Make an outstanding CV and portfolio as well.
To help you land your first job, here are some companies that are always in need of VAs:
After each job, always ask the client for a positive recommendation and add it to your portfolio. Increase your rates after every 2 to 3 weeks.
Is making money online safe?
Yes, it is safe to make money online. Indeed, there are scammers in the online world, but that does not make this way unsafe. It just means you need to be careful regarding ideas for making money online. If a method is too good to be true, it’s better to leave it.
How can I make $100 per day?
You can earn 100 dollars per day by hosting a webinar on platforms like Demio etc. You can also start an Amazon FBA business if you want a reliable method of earning money.
How can I make real money online?
Sustainable and long-term methods for making real money include starting a print-on-demand business at Printify or building a niche authority site.
Which is the most profitable way to make money online?
Online methods like selling online products on Shopify and podcasting with Buzzsprout have changed the future of making money. With these ways, you can make a fortune for yourself, all the while sitting in the comfort of your home.
So, what are you waiting for?
Sign Up on Thinkific and launch your online course now.
Suppose that doesn’t seem like your thing; you can always go to Flexjobs and find a project for yourself. With these 25+ methods, the opportunities are limitless. You just need to find the one that is made for you.
Don’t be disheartened if the results are not promising in the beginning. Consistency is way more important than perfection.