What Are The Best Ways To Make Money
Online?
As someone who’s been immersed in a
number of online industries for quite some time, I know a thing or two
about what it takes to succeed in this arena. However, just like you, I started
at ground zero with little knowledge, but a great deal of passion. What I
learned along the way were some invaluable lessons from failure that hurt
at the time, but helped immensely in the grand scheme of things.
Today, if you’re at all serious
about succeeding in any endeavor, whether online or offline, you have to
deliver enormous amounts of value. Yes, you have to do the most amount of work
for the least initial return. This is especially true online. Why? Because it
takes time to build authority and create an audience, two primary ingredients
necessary to succeed in the wonderful world of commerce on the web.
Every successful business and person
has delivered a tremendous amount of value at the outset. They did the most
amount of work, and they inspected every detail meticulously, to ensure that
they were doing right by their customers. As long as you keep that in mind, and
you don’t look for a quick buck, you’ll succeed in the long term.
- Find your niche — Figure out what you’re good at or what you want to be good at. You don’t need to be an expert right now, but you do need to decide where you’re going to fit in if you’re at all serious about making serious cash in the long term.
- Build a blog on a custom domain — Your blog is your virtual home. Without it, you’ve no place to filter all that traffic and people interested in what you have to say. But don’t build a blog on a subdomain like yoursite.wordpress.com, create a blog with a custom domain like www.yoursite.com.
- Always add value — Adding value over time creates authority, and authority breeds trust, which in turn helps to grow your audience and readership. Without a significant following, you’ll find it hard to gain any traction online. It simply takes time.
- Create an email list and treat them them right — One of the best ways to make money online is by marketing to an actively-interested group of email subscribers. While most people think that email marketing is dead, that’s far from the truth. This is your greatest potential source of income online. Think of it as your money tree.
- Don’t sacrifice morals for a quick buck — At the outset, you’ll want to do all sorts of things to make money online, but don’t sacrifice your morals for a quick buck. Not only will you put people off, but you’ll lose Google’s trust. You also shouldn’t concern yourself with things like Adsense or other ads on a blog before you have around 100,000 visitors per day. Yes, per day.
The point? Think about the long-term
results of your activities. It will seem frustrating in the beginning. Then
again, everything worthwhile is going to be difficult. It will take time. Stick
it out and don’t give up. In the meanwhile, here are some of the best and most
legitimate ways you can make money online in the short and long term.
Now let us look at 21 ways to make money online
Here is way #1 and how to make money
online — Write and Sell An Ebook
If you have a propensity for writing
and you can slay with your prose, consider writing an ebook. While the market
has certainly become saturated as of late, books that help teach people about a
technical topic still sell extremely well. This is a great source of passive
income but does require a large amount of effort at the outset before any
money is generated.
You can sell your ebooks through Amazon’s
Kindle program or Apple’s iTunes Connect,
which gives you access to a large majority of the digital-book reading market
and the barriers for entry are incredibly low. You don’t need to invest lots of
money to make this happen, but you do need to invest lots of time, not only in
writing the ebooks, but in marketing them as well.
Here is way #2 and how to make money
online — Sell Audio books With Audible
I’ve been in the audio book-selling
business for some time now and have over 3 dozen titles to my name. I know a
thing or two about audio books. And, what I’ve noticed recently is that audio
books are growing in popularity as their digital-ebook counterparts are
becoming less and less popular.
People are turning to audio and
visuals when it comes to technical subjects. However, you should consider doing
an eBook first and turning it into an audiobook through a resource like
Audible’s ACX platform. You can hire a producer either through a royalty
share program, so you don’t have to shell out upfront cash, or you can do a
pay-per-hour hire as well.
Here is way #3 and how to make money
online — Create An App
Yes, this is far more technical.
Unless you have the right app-development skills, doing this is going to be a
significant undertaking. But, apps are also a great source of passive income when done
the right way. You can reach a massive audience of Smartphone users by building
a great app.
However, like anything else truly
worthwhile, apps require a significant investment of your time or money
upfront. If you don’t have the skills, then you have to hire someone who can
assist you in creating a great app. But first you need to come up with an idea
that will sell. Do the proper market research and analytics to come up with the
right app.
Here is way #4 and how to make money
online — Use Mechanical Turk
MechanicalTurk is Amazon’s take on micro-jobs.
These are small miniscule-jobs that you can do for other people, which they
call HITs, or Human Intelligence Tasks. These are super simple tasks that
anyone can do. Some examples are listing off some URLs with certain kinds of
images for one cent, or recording a few phrases with a microphone for 6 cents.
Yes, they don’t pay much, but if you
string together hundreds of well-paying HITs, you can make a bit of money
quickly online if you’re in a crunch for cash. Also, it’s important to note
that you can also employ people with HITs to help you with whatever micro-tasks
you might have.
Here is way #5 and how to make money
online — Offer Gigs On Fiverr
If you have some professional
experience in graphic design, accounting, social media marketing, web development
or SEO, for example, you could offer gigs on Fiverr starting at $5 per
job. You could perform a valuable service that you could also up-sell to make
more money per gig.
Fiverr is one of the biggest
providers in the gig economy on the web and you can sell a wide variety of
services and products through this medium. Do the research and find out what
you can offer. However, keep in mind that like any other money-making task, it
takes time to succeed here. And stellar reviews will help you
generate more and more income over time.
Here is way #7 and how to make money
online — Sell Professional Services On Up work or 99Designs
Upwork and 99Designs are two of the
biggest resources for selling just about any professional service under the
sun. If you have extensive experience in a field, you might want to consider
selling your services through one of these sites. 99Designs only applies to
graphic design while Upwork applies to nearly every other professional service.
However, like anything else, the
beginning will be difficult. Before you have a significant track record and
extensive reviews, sourcing work in one of these highly-competitive platforms
will be difficult. Find the most successful people in your niche and try
to model your approach and online profile after theirs.
Here is way #8 and how to make money
online — Build A Blog
One of the most exhaustive endeavors
when it comes to making money online is to build a blog. But we all know that
building a blog with real readership is difficult. It takes a lot of work. And
I’m speaking from experience. However, once you reach a certain point, the
progress and momentum sways in your favor and it becomes far easier.
Blogs can easily generate tens of
thousands of dollars to hundreds of thousands of dollars per month when done
right. Yes, that much. But it won’t be easy to get there. However, looking back
on it, a year from now you’ll wish you started today. So why wait another
moment?
Here is way #8 and how to make money
online — Email Marketing
Email marketing is at the heart of
every successful endeavor on the web. For those serious about making money
online, email marketing is certainly where it’s at. But it has to be done the
right way. Before you even try to market anything to anyone via an email list,
be sure that they’re people that subscribed and opted in directly to you.
When you try to market to people via
email out of the blue, you won’t find as much success. But, if those email
subscribers are actively and keenly interested in what you have to say, and
they signed up directly through your blog or site, your success rates will be
much higher.
Here is way #9 and how to make money
online — Auction Items On Ebay
Ebay is a bellwether. It’s been
around since nearly the start of the online boom. But, like any other platform,
success can seem fleeting if you don’t know what you’re doing. Selling items on
eBay, professionally that is, can be an art form. Getting people interested in
your auctions isn’t always easy, especially when there’s hefty competition and
low demand for what you’re selling.
Like anything else, you need to do
the proper research, but you can make significant amounts of money as an eBay
Power Seller. Find the most successful eBay sellers in your niche and model
after their success. Find all of their listings and see just how they list the
items that they’re selling.
Here is way #10 and how to make
money online — Rent Your Home On AirBnB
Rent your entire home or just a room
on AirBnB. This is a simple and effective way to make money online, especially
in the short term. While you won’t get rich doing this, you can generate
thousands of dollars per month for the right place. And, if you live in a
sought-after vacation destination, then you’re certainly in luck.
Research other listings in your city
on AirBnB and see what the going rate is for a place like yours. You could also
just rent out a private room as well or even a bed in a shared room. In fact,
that’s how AirBnB got its start. However, you might find it hard in the
beginning without reviews, but as long as you take really good care of your
guests and provide a lot of value, the reviews will eventually come rolling in.
Recommended by Forbes
Here is way #11 and how to make
money online — Sell Photos Online
If you’re at all into photography,
and you have a cache of nice photos, you could consider selling them through
sites like Shutterstock and iStockPhoto,
two of the biggest photo resources online. It doesn’t take too much effort to
do this, but it does take creativity and persistence to succeed with it.
You’ll find serious competition when
trying to sell photos online, but this is also a great method for generating
passive income. If you can license your images or sell them as stock
photography, you won’t have to do any additional work to generate income from
that sale once the photos have been posted online. Just collect your payments.
Here is way #12 and how to make
money online — Drive For Uber Or Lyft
If you live in an area where Uber or
Lyft operate, why not become a driver? If you’re looking to make some
short-term cash, you can definitely rake it in by working for one of these
popular car-hire apps. As long as your vehicle fits within the specifications
of their program, and you have a clean license, you could do this on the side,
especially if you’re in a crunch for cash.
Treat your guests right and offer
them perks that other drivers don’t offer, simply because you want to deliver a
lot of value. You might not get that much out of it from the outset, but it
will set you apart from all the other drivers and your reviews will be
indicative of just that.
Here is way #13 and how to make
money online — Sell Products On Etsy
Etsy is a great resource
for those that enjoy making their own products and selling them online. If
you’re into hand-crafted items and you have a penchant for creating killer
goods and wares that people just have to have, then you might want to consider
setting up an Etsy shop and selling through a massive online portal.
Etsy is a great way to go directly
to where all the consumers are congregating. While the company will take a
small fee to list your products, along with fees to process the transaction
itself, it is easier than setting up your own transactional website. Do some
research on the top sellers and try to emulate their success.
Here is way #14 and how to make
money online — Use Shopify To Build Your Own Online Store
Don’t want to sell through Etsy? You
could always build your own online store using a platform like Shopify.
Shopify makes it easy to build a transactional website without all the hassle,
which takes much of the guesswork out of doing what some would consider a
highly-complex task.
The company markets their services
with being able to start selling online in seconds. Well, it might not work
that fast, but you could most certainly get a good transactional website up and
running within minutes or hours.
Here is way #15 and how to make
money online — Build An Amazon FBA Business:
If you want to go directly to the
world’s largest online retailer, consider setting up a Fulfilled-by-Amazon (FBA) business.
Amazon will pick, pack and ship your orders, and you’ll have enormous exposure
to a buzzing marketplace where products are selling every second.
Clearly, there’s a lot of demand on
Amazon, and if any product is going to sell, it’s going to sell well on Amazon.
But the goal here is to source the right products that will easily sell
at the world’s largest online retailer. Generally, products between $10
and $50 sell very well here. Just be sure to do the right market research
before jumping on this bandwagon.
Here is way #16 and how to make
money online — Answer Professional Questions
Are you a professional in a field
that can help answer questions for people looking for your expertise? Websites
like JustAnswer and LivePerson match you up with
people looking for answers to technical or professional questions. You can make
money online by simply answering these questions and providing the right
information to people based on their individualistic circumstances.
Depending on your area of knowledge,
you could either make a lot of money or just a little bit by answering
questions professionally. Do your due diligence before signing up to any
website where you’re providing answers in exchange for money and be sure that
it’s a reputable source.
Here is way #17 and how to make
money online — Create Video Tutorials On YouTube
This is definitely a long-term
strategy, and you won’t get rich overnight by doing this, but creating engaging
and well-thought-out video tutorials and posting them on sites like YouTube
could make you a significant amount of passive income in the long term
depending on just how well-received those videos might be.
Find a niche and stick to it. Build
a YouTube channel and find something that you can do that will add a whole lot
of value to the people that might be interested in that field or niche.
However, keep in mind that this will require a significant amount of time
and upfront investment before this pays off at all.
Here is way #18 and how to make
money online — Develop Educational Courses On U demy
One of my absolute favorite sites
for selling educational courses is Udemy. In fact, you can check out the courses that I have for sale on the site here.
Udemy is a great place to build out technical courses that will teach people
how to do some complicated task or learn some sought-after skill.
In my courses, I teach things like
web development, search engine optimization and graphic design, but you can
teach just about anything on Udemy. However, there is enormous competition on
here, but it’s a great source of passive income if you can create a course that
people will love.
Here is way #19 and how to make
money online — Become A Virtual Assistant
While becoming a virtual assistant
won’t pay you enormous amounts of money, if you’re looking to be a digital
nomad in a city with a low cost-of-living, this could be something that pays
your bills. This will require a significant amount of organization and some
technical skills as well to succeed.
As long as you have the basics
covered with programs like Word, Excel and PowerPoint, for example, and you’re
an effective communicator, able to stick to deadlines, you might find yourself
excelling as a virtual assistant.
Here is way #20 and how to make
money online — Teach Others As A Virtual Tutor
Want to teach others directly? You
can become a virtual tutor and engage in one-on-one tutoring sessions or even
host Webinars to help people directly with any number of topics. This is
terrific for teaching people new languages. If you have a second-language
skill, this might be the right option to generate some money quickly and
easily.
Of course you could teach a number
of things virtually. This could range from technical to non-technical skills.
For example, you could use a site like VerbalPlanet to teach a language, or try
to source clients directly through social media or other avenues and process
their payments through PayPal.
Here is way #21 and how to make
money online — Write Articles For Other Sites
Last, but certainly not least, is
article writing. Depending on your skill level when it comes to writing, you
could always find work writing articles for other people. At the outset, this
won’t pay you much, especially if you have little in the way of examples or
portfolio pieces. But, like anything else, you can build this up over time.
You could also do a number of other
things related to writing such as copywriting for descriptions, emails, or
other sales-related content. Do your due diligence to find out what the going
rates are for writing articles, and even try to find a mentor if you’re serious
about making money online through this method.
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