9 Best Ways to Earn Money Online
I take a detailed look at 9 of the best ways to earn money online in this article, including tips on how you can readily kick-start your online career the way you should.
There are loads of articles on the internet that claim to show you the so-called ‘legitimate’ ways to earn money online, but the problem with most of them is that they are just a trap to convince you into joining some kind of a training session or webinar where the writers promise to reveal their money making secrets (which they don’t have).
They’re actually profiting off you in one way or another; growing their email lists, selling their products, etc.
You might be wondering if there are any real (effective) ways to earn money online that actually work. Yes, they exist.
But let me break it you: none of them I am going to explain are going to turn you into a millionaire overnight. In fact, most of them require a great deal of hard work and dedication before you really start seeing results of your efforts.
Remember, there are no shortcuts to success (or online income).
In modern day and age, you have to add great value in order to achieve great things, no matter if your endeavor is online or offline. It is as simple as that. And you have to work seriously hard to earn money online, especially in the initial phase when are just starting off. That’s when it matters the most!
I am going to briefly explain 9 highly effective ways to earn money online that will help you generate income from a couple of hundred dollars a month to thousands of dollars a month, all depending on the work you put in.
Not only that, I am also going to give you some practical advice and tips on each online money making way and how you can quickly start generating online income without much hassle.
All you need is an internet connection, and the good thing about it is that — unlike your 9 to 5 job — you can live your life on your own terms.
1. Sell Professional Services On Websites
If you are a professional and know how to do certain things — such as content writing, social media marketing, proofreading, graphics designing, or any other service — then you can take the freelancing route to earn money online.
Also, you don’t need a certain degree or qualification to be an expert in your niche. Most of your future clients will decide if you are a good fit for them based on your previous work.
You may find difficulties in securing clients early on in your freelance career since these platforms are highly-competitive, but your online income will grow over time if you keep on delivering quality work and on time.
You may not secure high-priced gigs in the beginning, but your focus should be more on how you can get stellar reviews from the clients that you already have.
Tip: It is better to focus on one thing that you have great command over than to be a master of all things.
2. Start Your Blog
Blogging is arguably one of the best ways to earn money online when done correctly and with passion. Unlike Freelancing, it takes a year (or two in some cases) to really start making some serious cash, but the wait is worth if you see its long-term results.
You can generate thousands of dollars a month from your blog, but it requires patience, perseverance, and discipline.
While it is true that in some cases you can make a significant amount of money without a lot of traffic, but generally you will need lots of visitors from search engines, such as Google or Bing, and that takes some time and effort.
Once you have developed a massive readership and people are coming to your blog to read what you have to say, you can earn money from your website by running ads on your blog, working as an affiliate, or selling your products and services, etc.
It’s not easy by any means, but the reward is massive too. Don’t you think?
Also, creating a blog is easier than you might think, and there are almost no technicalities involved. You can set up your blog in less than an hour. All you have to do is choose a blogging platform, select a web hosting provider and, finally, choose a domain (address) of your blog.
Here is a piece that I’d recommend you should check out if you want to start a blog real quick: How to Start a Blog – Beginners Guide for 2017
3. Sell an E-Book
If you possess top-notch writing skills and are interested in creating a recurring stream of online income, then you should consider writing an eBook on a topic you are very knowledgeable on.
It can be about fashion, music, fitness, digital art or writing or anything. As long as you create something that is valuable and of high quality, you will do well.
Despite the saturation of the market with books on nearly every topic, those that are backed by research and help solve problems of people still sell incredibly well.
However, writing a book requires a massive investment of time and effort, and can be a daunting task. But when you will look back at it in future after earning a fortune, I bet you won’t regret a bit.
4. Become An Affiliate
If you own a blog that generates tons of traffic or you have a massive online presence on social platforms like Facebook, Twitter, or Instagram, then that traffic or audience have potential to help you earn a significant amount of online income every month through affiliate marketing.
You help people buy products/services of a company you are working with, and you make a certain commission on each sale you assist. That’s what affiliate marketing is all about!
In short, you can earn money online while you sleep with affiliate programs.
There are a lot of companies like Amazon, eBay, Clickbank, CJ etc. who will pay you a commission every time someone makes a purchase based on your recommendation or clicks on the ad that you place on your website.
Even if you don’t have a popular website or social presence, you can still succeed in the world of affiliate marketing. But you must have one basic skill: ability to convince people to buy products you are promoting.
Neil Patel wrote a comprehensive guide on Affiliate Marketing and it is an excellent starting point for beginners: Affiliate Marketing Made Simple: A Step-by-Step Guide.
5. Create A YouTube Channel
If you have a knack for creating awesome, compelling videos that can pull in a lot of engagement and video views, YouTube partner program can help you create a new stream of online income.
You create a channel where you upload videos, and Youtube will pay you a percentage of revenue collected per 1,000 video views, which averages to just over 6$.
It can be about sports, news, gossips, or your favorite pastime, it doesn’t matter.
Like with most of the other ways to earn money online, it takes time and effort to build a large audience that can help you accumulate a large sum of money.
It’s not very easy to build a massive audience on YouTube network, but there is no reason you can’t earn money online through it if you put in the work.
Tip: Make sure you add stuff that is unique and adds value, and it will automatically drive engagement and views. And, of course, money too.
Here is YouTube’s official guide on how to earn money using their platform: Earn Money With YouTube.
6. Domain And Website Trading
Purchasing domain names for cheap and then reselling them to a higher price is another highly profitable online business that you can pursue. But you must have a detailed know-how of how things work in this arena before you ponder starting this business.
The idea is to buy and sell in a short period of time and make a quick profit.
You can do the same for websites too. Generally, your website will sell for roughly 6-10 times the monthly revenue it generates.
Note: It is difficult to jump into this business right away as a young entrepreneur, because you may end up losing a lot of money if you don’t make smart decisions.
7. Start An Online Course:
Long gone are those old days when teaching was only limited to only face-to-face sessions between a tutor and students. With the advent of online tutoring sites like Skillshare, Udemy, and KhanAcademy, you can now easily create an online course on a subject that is your strong suit, and present it to a global audience.
Designing a course requires a lot of work at the outset. You will have to invest a great deal of time (and effort) into planning its syllabus and other stuff that you may require to assist you in the teaching process, such as video tutorials and exams.
But it’s worth the effort since you’ll be able to develop an online income scheme that will run forever, or for as long as people are interested in what you have to offer.
Tip: You can’t simply create a course and expect to earn money online straight away, rather you should put a plan and strategy in place to make it a successful online income generator.
I would recommend you to check out this write-up from Forbes to get a detailed overview on how to create a course that sells: How To Create A Money-Making Online Course
8. Create An App
If you have what it takes to create a super-duper app, including technical knowledge of things, then you easily earn money online through app-making. You can present your app to a massive audience of smart phone users worldwide without much fuss, and it can be a great source of passive, recurring income provided it is something worthwhile.
But first what you will need to do is to dig deep and find that special idea that people will be willing to spend their money on. And, as always, do a thorough research of your market and competitors before going ahead with your plan.
Here is a piece from Mashable on how to create a top-selling app that will help you earn money online for years to come: 10 Steps to Building a Top-Selling App
9. Sell Your Photos:
Whether you are a professional photographer or an armchair one, you can earn money online by selling a number of photographs that you believe people may want to pay for.
And it can be a great source of passive income while you work on other things.
You may need a professional camera to capture stunning photographs, but this investment is nothing when compared to the long-term benefits that you’ll receive out of it.
Let me know in the comments if you enjoyed reading this post. Also, be sure to let me know if you know any other way to earn money online that actually works too.