For many years making money has always been associated with the common old “offline” traditional methods. Since the burst of the dot.com bubble, we have seen the internet take over a large part of our lives. It has played a major role in the way we live, work and entertain ourselves. We’ve seen the number of users grow exponentially over the years and many businesses have shifted their operations online. In today’s world, nearly the whole planet’s population has instantaneous access to the internet. Mediums such as social media and search engines have served as the platforms which people opt for. However, with such an inherently powerful technological tool at our disposal. Most users, still struggle to use it for their own monetization purposes. In this post, I explain 10 ways on how to make money online.
Remember, It is important that you know your niche and what value you bring to consumers. Building a loyal audience and a strong authority is what bring you success in the long run. Please note, I will be regularly updating and adding more ideas to this post. If you have any suggestions, you are welcome to ask any questions or leave a comment in the section below. I will ensure that, I answer your questions.
How to make money online?
Freelancing has become a popular way of making money online. Depending on your skills you can freelance tasks for people or businesses. A freelancer is a self-employed person who offers services, often working on several jobs for multiple clients or companies at one time. Freelancers earn money on a per-job basis, charging hourly or daily rates for their work.
Because, they are not officially employed by a particular company, they can be subcontracted by other businesses. Most freelancing jobs are common within the creative industries such as Graphic designs, copywriting, website development, photography, music production and many more.
There are several websites offering freelance tasks for people with the necessary skills. All you do is create an account listing all your personal skillsets and details. Interested clients can browse through this and hire you for a particular job. However, you need to understand that it is important to build a strong online authority. Clients only prefer to work with freelancers that have good reviews and good reliability scores. So, if you are to get any conversions. You must understand that a strong online authority is what you need to reach audiences.
In addition, you can create your own online page highlighting your skills and promote it on social media Below are the best freelancing websites in South Africa and globally.https://www.jobvine.co.za/freelance , https://www.fiverr.com/start_selling , https://www.freelancer.com/ , https://www.upwork.com/
Parents are willing to invest in their children’s future. If you have a great deal of knowledge in a particular subject. You can make money by tutoring people online. With the help of technological innovations and the extensive usage of the internet, the online tutoring industry is developing very quickly. Students are now enjoying the experiences of learning online.
Online tutoring has become an advent avenue to start making money. Many teachers, lecturers and professional have built businesses out of it. If you can help learners improve their grades or provide tips on how to prepare for exams and motivate them. Then why not try teaching online and see how it works out for you. The benefits are abundant. You can engage in one-on-one tutoring sessions or even host webinars to help people directly with any number of topics. You could teach on a number of topics from technical to non-technical skills.
There are many websites that offer tutors the platform to sell their courses. Every of these websites have their own features and specifications with different business models. Starting an online platform is as simple as filling in your basic credentials and bio. Many websites also ask for ID documents and certificates that prove your specialty. After that, it is reviewed and approved by the service before made public to the students. Some teachers opt to build their own websites and promote their courses on different social media platforms. The following Sites are the best platforms to launch courses https://turtlejar.co.za/become-a-tutor , https://www.learnpick.in/ , https://www.udemy.com/teaching/?ref=teach_home-body
3.Start an Ecommerce store
Ecommerce is a business model which involves transactions taking place on the internet. Stores that sell their products on line are ecommerce stores or businesses. Examples of ecommerce stores are websites like https://www.takealot.com/ , https://www.amazon.com/ and etc.
Shopping online was once conceived to be a form of luxury however, things have changed as it has now become a necessity. With everything that’s currently happening. We see how much value the internet holds especially during these Covid-19 times. The ecommerce industry is currently booming and shaping the way we shop. One can admit to the fact that shopping online is safer than going outside.
Starting an ecommerce store isn’t easy. Necessary steps and decisions need to be taken into account and applied accordingly. Factors such as niche research, brand name, a business plan and an optimum website all contribute to the success of your store. Websites such as shopify https://www.shopify.co.za/ provide the platform to build effective ecommerce stores.
4.Create a blog
First it starts as a hobby and soon it becomes a career option for many. A blog is basically an online journal or informational website where a writer or even a group of writers share views on a particular subject. There are many reasons to start a blog for either personal use or for business. The main purpose of a blog is to connect you to the relevant audience. As a business, blogging is beneficial because it helps boost your traffic and send quality leads to your website. Running a blog makes your website competitive and searchable.
Personal bloggers monetize from their blogs through affiliate programs, Google AdSense or by marketing products through their blogs. These bloggers write about numerous things. For example, some people blog about health and fitness or food recipes. They monetize from their pages through things like sponsored ads or selling their website ads space and etc. However, this all depends on the number of traffic that visit their blogs page. Here are some popular blogging platforms https://www.squarespace.com/ , https://www.wix.com/ , https://www.tumblr.com/ , https://www.blogger.com/ , https://wordpress.com/
Online trading is simply buying and selling assets through a brokerage’s internet-based trading platforms .Traditionally, investors and traders would have to call their brokerage firms to make a trade for them. The use of online trading increased dramatically in the late 90s. With the introduction of affordable high-speed computers and internet connections it is safe to say that taking a trade is easier and more accessible than back then.
More and more investors are using online platforms offered by their brokers for DIY (Do-it-yourself) investing. These platforms serve as hubs with multiple tools for the investor or trader to use. On it the investor can place Buy/Sell orders. They can also access investments statements, investment tax forums and etc. All on an online system. Some brokerages that are affiliated with banks provide added convenience for their clients by linking their investment accounts to their banks.
New traders should not be deceived by the possibilities of making money quickly. Online trading involves risks and costs just like any other business out there. It requires time, dedication planning and analysis. Nearly all beginner traders lose their money and give trading a bad name. However, there are a few ways novice traders can make money whilst still a beginner from trading.
Signals & PAMM
One could either sign up for trading signals. Signals are trading ideas or recommendation on a specified financial asset that needs to be executed at the predetermined price and time. No matter your trading experience signals can help enhance your trading activities. If you don’t have time to trade and you want to participate in the market.
You can also sign up to a PAMM or fund manager. By doing so an investor gets to allocate his or her money in desired proportion to the qualified trader(s)/money manager(s) of his or her choice. These traders/managers may manage multiple forex trading accounts using their own capital and such pooled moneys, with an aim to generate profits.
Depending on your writing skills. You can always find work writing articles for people. Online platforms are the perfect starting points. You may be asked to write articles upon specific guidelines as well. At the outset this won‘t pay much, especially if you have no portfolio of examples pieces. But, you can build this over time. There are other things that can be done related to writing. You could do things such as copy writing, write sales related content, Ghost write and etc.
7.Sell photos online
If photography is you something you do as a hobby, attention shutterbug. You can make money online from selling it. You can basically cash in your photos on website platforms that sell to end users. Each of these sites have a different payment structure, but they offer a great way to turn files sitting untouched on your hard drive into some extra cash. Sites such as https://stock.adobe.com/,https://www.shutterstock.com/, http://www.crestock.com/, https://web.500px.com/,
You basically license your photographs and sell to brands, publishers or anyone who might have interest in using your photos for their own purposes. By doing so you easily earn some extra cash and maybe you end up making a career out of it. Bloggers, marketers, publishers or graphic designers buy and use photos online regularly. They are the largest group base to do so. Thus, it is a smart move to sell images that they may find useful.
What types of images are buying the most:
- People working – these images are very popular with businesses. E.g. people working on laptops, phones, writing, speaking at a meeting and etc.
- Food – Various types of delicious food even empty unwashed plates.
- Tools – Gears, hammers, nuts, bolts and screws. Can say a lot of things for potential buyers.
- Cities – Cityscapes, Buildings and etc.
- Nature- This one never gets old and always sells. Flowers, trees and etc.
- Travel- Pictures from around world
8.Selling music online
If you love making music. You could make money online selling your music. Whether you make it a full-time job or a lucrative side gig, you could earn doing something you love. Making money from music isn’t easy, but it’s also not impossible and the rewards are worthwhile. You might be wondering where do I sell my music online? There are many options; however you’ll need to have a plan in place to optimize your sales.
The Key is to create a strategy to engage your fans, use a mix of platforms and services to sell music online. Thus, helping you to focus your website and mailing list to maximize revenues. You could sell your music to online to online digital retailers like iTunes, Spotify, Google Play and etc. Many fans stream songs from platforms they know and trust where they already have credit on file. In the early stages of your music career, it’s crucial to have multiple revenue streams.
This is important especially if you don’t have the backing of a major record label because any single stream is unlikely to generate enough income for you to earn a living. You could also choose to sell your music on your own website as it gives you a slice of the internet that you own and control. More importantly you will own the data and emails you collect with the sales on your website. This is crucial for the long-term success of your career. You could use this as the platform to sell merchandise, beat samples, teach music lessons and gig bookings.
The internet has given millions of people the ability to make a living by monetizing just about any skill, talent or opportunity. YouTube content creators have multiple ways to make money. They make money from corporate sponsorship from a major brand, fan funding, merchandise sales and advertising.
YouTubers can join the partner program after accumulating 1 000 subscribers and 4 000 hours of watch time. This offers YouTube content creators the access to the monetization features. After that, the first step to making money is through Google AdSense : this are the pre roll videos and other advertising formats that appear on/before your videos. Advertisers pay based on impressions and clicks.
Brand sponsorships is another lucrative way to earn on YouTube. In this case a company will pay a content creator to promote a brand or product within a video. Fan funding is another way to monetize, fans and followers make recurring monthly payments in exchange for bonus content such as special videos ,badges and etc. The last way to monetize is through merchandise sales. YouTube partners have the ability to sell up 12 items to their audience.
Affiliate marketing is undoubtedly the easiest ways to make money online, considering that 81% of brands use affiliate programs. As long as you know how to leverage your social media or you have a functional website. You can make money. The distinct advantage of not holding any inventory and typically not having to hire employees’ makes it more attractive. You earn commission for marketing a company products. So, basically you find a product you like and enjoy, then promote that product. You earn from a piece of the profit from every sale they make. In order to register as a brand affiliate. You will find an affiliate program at the footer of every website that offers this partenership.
To be honest, making money online isn’t easy. With so many businesses, influencers and people competing for our attention and time, making money online has become an over-increasing challenge. If you’re serious about succeeding in any venture whether online or offline, you need to create and deliver value of any sorts ,either through products or services rendered. In the beginning phases, you have to put the most amount of work for the least initial return. Remember ,consistency is what primarily leads you to success in the long term. By doing so you build a loyal audience and a strong authority.