Whether you have a main job or not, you should have at least one source of income online right now. If you can spend the day on Instagram, YouTube and Netflix, why not take advantage of the internet to educate yourself and fight for your financial freedom?
NOTICE: On the internet there is competition for a cent, it is necessary to have 20 times more self-discipline and concentration than in a normal job and you must be willing to constantly learn.
But it is also true that the freedom to work from home or wherever you want and at the time you want is priceless. Also, if you do not get crushed at the beginning and adapt and make a dent in the market, you could generate much more than in a normal job.
In this article you will find some ideas to earn money online. For some of them you will need some kind of skill, for some money to invest, for others a lot of dedication, time and desire to learn.
5 hacks to make money online:
- Educate yourself first: read books and take courses
- Choose a sector and specialize to the maximum
- Take notes of strategies, resources and ideas
- Find a job online to learn faster
- Invest the money you earn in some type of digital business
Is it easy to earn money online? It is not easy: there is every competition for a cent, it is necessary to learn a lot of things, to succeed in whatever area one must be self-disciplined, be able to concentrate for long hours and be willing to make sacrifices. The easiest way to earn money is the traditional way: getting a low-status, boring and repetitive job.
Is it possible to live on passive income? Yes, it is possible, but it is not available to everyone. There are people living on their affiliate commissions, Google Adsense, the dividends paid by the shares they have bought, the rent of their properties, etc. But we must highlight the few who achieved this, they worked hard for years to achieve that lifestyle, so if you do not have hundreds of thousands of euros to invest or an audience already created, your focus should not be “living on passive income”.
How to make money fast online? That will depend on the capital you have to invest in creating a business, hiring employees or freelancers and investing in advertising as well as your level of competition and; Having some kind of digital aptitude will help you start your own business, or work as a consultant and freelancer.
What products can I sell from home? Clothing, personalized t-shirts and mugs, products from China, Poland and Turkey, handicrafts, online courses on a subject that you master, Amazon products with its affiliate program, software and programs from multiple companies that pay a commission for each sale made, etc. .
WAYS TO EARN MONEY ONLINE:
If you are able to solve the problem of a person or company, then you will be able to earn money online. There are 3 main ways that you can choose: selling products, services and consultancies in an area that you master or working remotely either with a contract or through freelancing.
- The sale of products can be physical or digital, in the case of physical you have the option of stocking a product or sending directly from the supplier to the client (dropshipping), in the case of digital sales we are talking about software, courses, ebooks and also products that when you sell them, you get a small commission (affiliates).
- The services and consulting do not usually require investment to start as the previous point, but these depend on the other hand on your expertise in some subject. Do you master any type of marketing? Do you have experience creating companies or leading teams? Can you increase the turnover of a business with your knowledge of neuroeconomics or reduce expenses with optimization and growth hacking strategies?
- If at the moment you are tight on money to invest in a business and you still do not have the aptitude and competence to help other companies, then the remaining option is to carry out some type of remote work such as: customer service, management of eCommerce, content writing, text translation, graphic design, gigs (micro-services), etc.
These are the 3 main areas and they are ordered by difficulty as well as growth potential, that is, number 1 (sales) is the most difficult/complex but in the long term it is the method (that if everything goes well) can generate more money While number 3 is the easiest to start with but its growth potential is the smallest.
* There are other cases that do not fit into the three main categories such as matched betting, Youtube or conducting surveys for example. We’ll talk about these later, so keep reading!
METHOD # 1
SALE OF PHYSICAL AND DIGITAL PRODUCTS
There are many platforms to start selling your products online. Nowadays it is very easy to create an online store and start selling our products immediately.
Etsy: Online marketplace that connects sellers with buyers. Ideal for selling artisan products that are made by hand. Selling on Etsy is very simple, we must create a store and products, register on the page by creating a free account, research the competition market and start offering our items to the public.
This platform also allows sellers to advertise their products for a modest $0.20 per unit.
Online store: Creating an online store opens up the possibility of managing an Internet sales service platform. With this method we will sell our products personally without the need for intermediaries and we will be able to organize all the sales we make at no cost.
Amazon FBA: The platform of one of the most powerful online sales sites in the world. Selling on Amazon is owning our own online retail store, we must bear in mind that our site will belong to Amazon, but it will allow us to store our products in its own warehouses.
Prime customers get free 2-day shipping, which has been shown to increase sales significantly.
Custom products: Buying generic items such as mugs and T-shirts can be an option to sell online. We will always have our own available stock on hand and the profits will be entirely for us, we will not have to worry about paying sales commissions as it happens with external platforms.
Affiliate Marketing: A commission will always be an incentive to sell online, affiliate marketing is about promoting products from other companies and each time a sale is made we will receive a proportion of the profit.
Advertising external products through our website gives us the possibility of monetizing without leaving our chair, we will only have to wait for the items to sell and we will receive a guaranteed commission.
Courses: If you have something valuable to teach, charge for it, online courses are a good way to earn money online. They are a source of income considered one of the most effective above other ways to earn money online.
It may seem that creating a course can be somewhat complicated, but the benefits are enormous if it is marketed. The incredible thing about creating a course is that we can continue to market it until we want, the idea is to find places to promote ourselves and investing a few hours a month to continue generating profits.
Ebay: At the time it was the number 1 sales platform in the world, although it is still possible to get great benefits by selling products through Ebay, as with any external method, the products we sell will be conditioned by sales commissions, that makes us lose the profit margin. Ebay is great for selling electronics, accessories, and clothing.
METHOD # 2
SERVICES AND CONSULTANCIES
There are some tools that can enhance our websites, making them more visible to people and increasing our sales possibilities.
Copywriting: Copywriting is the art of selling with words, an appropriate text can attract visitors to our website and make them interested in our services and products for sale.
Having adequate advertising copy is a great way to optimize our website, we simply have to make sure we have good spelling, impeccable writing and a little knowledge of the proper techniques to promote and sell our products.
If your passion is writing and you are good at it, you could start to generate extra profit by helping businesses create better sales publications.
Email marketing: Emails are the most powerful tool for making money online. A newsletter embedded in our website will allow us to obtain a mailing list of people who subscribe to our services.
We must have products to offer our customers, make sure that what we sell is of particular interest, and build a strong relationship with the undersigned, otherwise they might unsubscribe immediately.
Some examples of products that we can sell are e-books, courses, online classes. It is not necessary to sell our own products, we can also profit as affiliates by sending traffic to other sites to generate sales. It may seem that email marketing is a bit complex, but there are sites like MailChimp, ConvertKit, HubSpot and AWeber that make it easy for us to get started on this path.
Facebook ads (Facebook ads): Boosting our sales with Facebook ads is one of the fastest ways to generate income online. We can sell any product through the social network, however, we must take into account what people want and start from there.
Ads are an investment and spending a lot of money will not guarantee you earn more money, the key is to create advertising campaigns properly and provide a solution to people.
Facebook ads will be the driving power of our brand and it is what will allow us to make ourselves known to people and indicate that we have what they need. Many people are making money by helping businesses understand how Facebook ads work.
SEM (Search Engine Marketing): The key to becoming one of the first places in Internet search results. The SEM gives us the possibility of paying to place ourselves at the top of search engines such as Google, it is proven that the first three places in the search results have more opportunity to receive visits to their pages.
It is no longer necessary to wait months to position a keyword and be one of the first places in Google, with the SEM we basically “trick” the system to position ourselves on the first page of the search engine.
SEO (Search Engine Optimization): Unlike SEM, SEO is the way to position our website with keywords to obtain organic and free clicks. SEO is about making search site algorithms happy to meet the requirements and position us on their first pages.
It takes months of effort as it takes a lot more than just ranking random keywords and links to get to the top pages of search engines. SEO is a great way to drive traffic to our website, which is why marketers claim that improving SEO and growing a company’s organic presence is top priority.
Conversion optimization: Optimizing our conversion rate on our website is one way of ensuring that the number of people who will buy our products will increase.
Many times when we open an online business our conversion rate is very low and although we have many visits per day we will not really be making what we want, the conversion optimization will allow us to double that rate and increase the possibilities of sale.
If you are an expert in performing conversion optimizations, you could generate money helping companies that need to increase their sales conversion rate.
Community management: Social networks are essential today for sales, knowing how to handle and understand them perfectly can be a way to earn money online.
Having good management of our social networks is important when selling our products, knowing our audience and their needs will help us to put together a good advertising strategy.
Community managers are in charge of carrying out advertising actions through different networks, they are the first line of contact for companies and those in charge of increasing the visibility of businesses on the Internet. A community manager always has to be aware of the publications that are made and must create the appropriate marketing strategies to grow sales.
Today the profession of community management is highly valued and the earnings figures are increasing every day.
METHOD # 3
We all have special skills that we may be wasting and that could begin to generate monetary income through the Internet.
Fiverr: A platform that allows us to sell any service we perform, if we are designers we can put our designs and logos on sale, as well as video creation and editing services or a transcription of some text.
There is a world of possibilities with Fiver since many people buy and sell through its platform, we can find anything we need since many people offer their products and services all the time.
If you have a special ability that you can offer to the public, Fiver is a good option to start monetizing on the Internet.
Editor: There are many companies that request people to write texts, from small assignments such as press releases in companies to writing news for a digital newspaper, you do not need to be a journalist to work as an editor, polish your spelling and writing a bit and you can earn money through of this method.
Translator: Sometimes there are businesses that need people to translate some texts into other languages, if you master several dialects this can be a great opportunity to earn money. You just have to be attentive to the ads of the companies, they usually appear periodically on their web pages, another way to find the requests is through their social networks.
Transcriber: If you are good at writing fast, this option may be striking, the transcriptionists are in charge of converting the audios to texts, companies look for people who can adequately transcribe a text in a certain time, certain writing skills are required, however, with a little practice you can become a good transcriber in no time.
It is a good way to start making money online from the comfort of your home.
Virtual assistant: You can help people to organize themselves better, we can earn money online if we help other people to carry their day to day. Virtual assistants take care of everything, the daily schedule, finances, purchases, accounting and even the management of emails.
You would be surprised by the number of people applying for virtual assistants, you just have to look for the application ads online.
Customer Support: One of the oldest and most classic ways to earn money online is through customer service, you can generate income by helping other people solve their problems through a personalized chat about a certain topic.
Language teacher: You can sell your knowledge of polyglot on the Internet, nowadays people are looking for people to teach them through the web. There are people who pay good money to learn other languages and if you can be able to teach them you can earn a good monetary incentive.
METHOD # 4
There are other ways of making money on the Internet that are less solid than the previous ones, but that can also generate potential profits if we know how to use them correctly.
Youtube: The most important and popular video social network in the world offers us the opportunity to monetize through its content creator platform. To become a “youtuber” we have to create a channel and generate content of public interest.
A lot of dedication is required to open a channel on YouTube, it is not simply to post a video every certain time, the contents must be uploaded weekly to create a community that generates more visits to our videos.
To monetize we will need to have a minimum number of 1000 subscribers and 4000 viewing hours in recent months, if we pass that barrier we can make YouTube a very good source of monetary income.
Surveys: Making money by answering company surveys is a good option, companies are looking for people to help them with their market research and anyone can sign up for it. We will only have to fill in some personal information and they will start paying us to answer surveys.
It does not pay as much as other methods, but it is a good way to start making money online.
Day Trading: The forex market is a niche that many people want to try, however, people do not understand that it is an investment system and they believe that overnight they will become millionaires. To earn money in trading it is important to know the risks involved in each investment we make.
Can you make money with Day Trading? the answer is yes, but it is not easy and it could even become a bit frustrating the first few times. If you have knowledge on this subject, trading can be a good option to earn money online.
Website flipping: This method is a great way to generate profits online, if you are good at building websites and monetizing them this is your most viable option. Internet sites with prominent and visible domains can be sold at a good price. Many businesses look for sites with these characteristics to save the work of several months.
It is a good option, but remember that it takes a lot of work to create a website in optimal conditions that can be of interest to Internet domain buyers.
Matched betting: Betting money on the Internet can be a good option to double your winnings, matched betting are low risk bets that are used to obtain safe profits.
Usually these types of bets are used for sporting events, if you do not win the bet you will lose a small amount of money, but you make sure not to completely unseat.
Hope this article was helpful? If you have any question, feel free to comment below.