Realistic ways to earn money online
Making money online is a relevant topic to discuss at these times and here we have some solid ways to earn money online. Making money online and offline involves the same meticulous process, but now technology enables you to access markets in any part of the world. If you want to boost your income through a part-time or full-time job, read the article and find out one that suits your skill and knowledge. If you search on the internet, you will find lots of ways to earn money online, but the approaches we have mentioned here are proven and legal.
The internet is not just meant for information only, today trade worth hundreds of billions of dollars happens online every day. So, there are many legit ways to earn money online and maintain a better lifestyle. Here are ten approaches to earn money online by spending a couple of hours of your spare time and certain approaches also have the potential to become a full-time career for you.
Start a blog
Start a blog and be your own boss. For starting a blog, two options are there. One is paid and the other is free. If you are going to use the free option, then it might have some limitations on the resources available to you. For free options, you can use WordPress, Blogger and Weebly, etc. Best advice for beginners is to start blogging using free options.
After getting some tractions, convert the account to paid options. First thing in blogging is to choose a niche and if you have a hobby or a passion for cooking, hospitality, and travelling etc., then you can select your niche related to your hobby. When you start blogging about the topics at which you are passionate, then it will keep motivated you for a long time to build a business that lasts.
Search engine optimization, an important process in blogging and determines how well your blog will perform on search engines like Google, Yahoo and Bing.
Learn how to do SEO for your blog here.
Blogging has become a full-time income source for many people, but it takes a good amount of time and hard work to be a successful blogger. After getting a reasonable number of subscribers, you can use various options like Google Adsense, affiliate marketing, sponsored reviews, paid ads etc. to monetize your blog. Initially, Google Adsense and other advertisement networks like Media.net, Click bank, Infolinks, Chitika etc. can be good options.
When you get a decent amount of traffic, then the companies will start approaching you for paid reviews and sponsored ads. Lots of successful bloggers have reported incomes well over $10,000 per month.
You have heard enough stories about people making lots of dollars from YouTube channels. Yes, it is possible, but it demands hard and smart work. Create a channel on YouTube, enter the keywords in the advanced settings and start uploading videos related to the industry you most like.
The quality of the subject and videos are going to decide how many subscribers you will have. The earnings from the YouTube channel directly depend upon the subscriber base; so create content for real people and not for search engines.
After creating a good subscriber base you can monetize your channel using Google ads, paid mentions, paid reviews and sponsored videos. As a beginner on YouTube, the best and the first method of monetizing your channel is Google Adsense. Setting up Google Adsense for a YouTube channel is very easy and it can help you start making money really quickly.
For other approaches to earn money online from YouTube, you have to be a YouTube star. Companies approach such personalities for paid reviews, sponsored videos and brand mentions. Sponsored videos are a major income source for all big YouTubers.
Build a community and earn money online
An online community is a platform that brings together people with the same interests, passion and goals. Most of the forums and communities focus on sharing information, knowledge and growing together. Recently, brands have started creating communities to build long-term relationships with customers and responding to them on time. Here we can discuss more how to create a community and earn money online?
For building an online community or a forum, you can use a blog, Facebook or Instagram as a platform. Whichever the platform, the process begins with researching your niche. First, find out a niche about which you are more comfortable and passionate. Do a detailed research about the chosen niche to find out if there are other communities in the same niche and how many people may be interested if you create one. In the end, check why there is no community around your topic if there is none. This helps in understanding the relevance of your topic.
All big communities were started with few members and they later grew into a larger customer base by creating value for their members. Create content, which is useful for your community and post it on a regular basis. Be connected with your community members and let them engage by sending emails, notifications, meaningful discussions and asking feedback. As in every business, promote your community by using all available resources and tactics like adding influencers to your community etc.
After building a community with a reasonable number of members, there are lots of approaches to earn money online. If you are a domain expert in your niche, then you can charge a membership fee for joining the community. Other monetizing methods for communities are Google AdSense, affiliate marketing, sponsored ads, selling market research opportunities, hosting events and offering bulk discounts on products.
Selling marketing research opportunities
Contact marketing research companies and let them know about the opportunity to conduct a marketing research for the products that are suitable for your community.
Offer products with bulk discounts
Make a bulk purchase of products, which are likely to be purchased by your community members and offer the products at a discounted price for your community members.
Affiliate marketing is one of the best and legal ways to earn money online. For earning money from this type of marketing, all you need to have is a decent subscriber list or list of email ids. Affiliate marketing means referring someone to purchase a product online from another website and getting a percentage of the product cost as commission. All of the prominent online businesses have their own affiliate programs to promote their product or services.
Best online affiliate programs for beginners are the Amazon affiliate program, eBay affiliate program and other programs from most of hosting services like Siteground and Hostgator etc. There are some affiliate marketplaces like Admitads, Shareasale, CJ, and Clickbank, etc. Here, you can open a single account and become an affiliate of many services and products in different niches.
For starting affiliate marketing you have to join any of the above mentioned programs and don’t forget to fill all the details (including bank account details) correctly. After joining any of the affiliate programs, you will get a unique URL for tracking the sales done through your referrals. For getting a reasonable amount as an affiliate commission, you have to choose an affiliate program related to your niche and promote the link to your subscriber base.
You can promote your affiliated link by sending emails to your subscribers or put the link in a post on your website. Most of the programs have a cookie time period from 30 to 90 days. This helps if someone visits the site referred by you through your link today and makes a purchase on a later date within the cookie time period, you will get a commission for the sale. For advanced affiliate marketers, start marketing with warriorplus.com for better commissions.
Read here for more advanced lessons about affiliate marketing
This is the best approach for earning money online as a part-time job without any investment. Anyone can make money online by taking up a freelancing job like writing, reviewing, designing and doing small SEO projects by spending their spare time. If you are serious, then the next big question is how to get good paying clients? Yes, you can develop a decent second level income as a freelancer by registering on freelance marketplaces like Fiverr.com, Upwork.com and freelancer.com etc.
After this, your job will only be providing quality work to your clients and all other things like payment will be taken care of by the marketplaces. You can charge a minimum of $5 for small freelancing projects.
Make money online with Amazon Mturk
Have you ever heard of Amazon Mturk? Yes, thousands of people earn money online by working remotely from where ever they want with Amazon Mturk. Mechanical Turk is a marketplace hosted by Amazon, where businesses submit Human Intelligence Tasks (HITS). These tasks are picked up by people like you and me and submitted for payment after completion. Human intelligence tasks mean the kind of work that bots can’t’ do such as searching data, data entry, transcribing etc. Transcribing means watching and listening to a video or audio file and then typing it out as text.
Check Amazon Mturk here
Thousands of HITS are always available in this marketplace and most of the jobs don’t require any specialized skills. Amazon Mturk is one of the best online platforms where you can make some passive income. But before completing HITS, read the instructions carefully to avoid any payment problems.
Regardless of your profession and current status, if you have a passion for creative writing, then e-book publishing is one of the most suitable methods for you to earn money online. Now Amazon, one of the prominent players in the e-book market has introduced Kindle direct publishing. It is an online platform which enables you to write and publish your book without any huge struggles.
Kindle direct publishing platform will help you convert your book to a Kindle file, and then you can sell it online to get royalties for each sale. Lots of case studies are available online regarding people who became self-published authors on the Kindle direct publishing platform.
Publishing e-books are one of the solid ways to earn money online and later move on to bigger projects to become an expert in your niche.
Selling products via marketplaces
If you have a product idea or a unique outsourced product from somewhere else, then you can sell that product online to the whole world. Most of the lean startups take these online marketplaces as an opportunity to test and launch new products on the market. You can sell on multiple marketplaces like Amazon and eBay etc. at the same time.
For more detail about how to sell your products online
Earning money online through the e-commerce business involves some complicated processes like product research, business plan, branding, marketing strategy planning and setting up the online store. Finding a potential product or a list of products to sell online through your store is the first & important step in the e-commerce business.
There are lots of free platforms available for beginners like Shopify, Bigcommerce and Magento etc. For starting an eCommerce business, you will need a decent amount of funds according to the chosen business model. Some of the most well-known eCommerce business models are
- Drop shipping
- Wholesaling and Warehousing
- Subscription based
- White Labelling
If you know about any topic more than most others, then start making online courses. Earning money online by making courses is one of the most realistic methods and now there are even marketplaces like Udemy and Skillshare for online courses. You can go through some research on the prefered topic and then create courses in your favourite subject. You can make courses in online digital marketing, music, photography, gardening, cooking, marketing, technology, and language, etc. Your job would be to simply upload the course and these sites will take care of all other processes like marketing, selling and payment processing.
All methods mentioned here are just outlines of some realistic approaches for earning money online. If you are serious about choosing the methods mentioned here for making your second income source. Then conduct a detailed online research to fully understand all the pros and cons.