10 Ways to Make Money Online

Photo by Kenny Eliason on Unsplash

1. Affiliate Marketing

Affiliate marketing is the activity of advertising the product or service of another firm in exchange for a commission on sales earned. Commissions are usually a percentage of the sale price, although they can sometimes be a flat fee.

Although we have just stated that affiliate marketing is a straightforward idea, there are a few moving parts to comprehend. A seller launches an affiliate program and gives affiliate marketers a unique link, which the affiliates then use to advertise the seller’s items. The connections are unique to each affiliate marketer, making it simple to determine who made the transaction.

When a user clicks on an affiliate link, a cookie is placed on their browser. The cookie informs the seller who sold the goods and allows the affiliate to receive a commission even if the customer who clicked the link does not purchase immediately. Because cookies contain an expiration date, the consumer must buy before the cookie expires to receive credit for the transaction. Assume you clicked on an affiliate link with a 30-day cookie but did not purchase the product. You return a few days later and end up doing business. Because your transaction occurred inside the 30-day interval in which the cookie is stored, the affiliate marketer will receive credit for it.

If you develop online or social media material — or think you may — affiliate marketing is one method to earn money passively from it. After you’ve done the initial legwork, you can sit back and watch the cash come in. That is why affiliate marketing is so appealing. However, keep in mind that affiliate marketing is not a get-rich-quick plan. It will take a significant amount of time and work to create your affiliate marketing business before you can make a dollar. Having said that, affiliate marketing does have the potential to generate genuine money. If you want to make money with affiliate marketing, you must do the following actions.

1. Find a niche
2. Build an audience
3. Build a website
4. Find the right affiliate product
5. Join affiliate network
6. Start creating content
7. Promote your content alongside your products

2. Freelancing

As a self-employed individual, freelancing entails delivering services. You will most likely take up freelance work for a variety of customers, maybe working a few hours per week for each. You’ll either charge an hourly fee or a project rate.

Freelancers make money in exchange for performing a service. That arrangement is usually part-time or temporary. For instance, if I hired a photographer to shoot fresh headshots for me, I could pay a freelancer for that session and be done with it. People will occasionally pay freelancers to work a set number of hours per week or month. This is sometimes referred to as a “retainer.” A retainer is when you retain someone’s services or the right to their time. Many legal experts operate on a retainer. Every month, they bill the customer for a predetermined amount of time, regardless of whether that time is used entirely. It’s one of the most basic and straightforward kinds of entrepreneurship the freelancer provides a certain service or result and is paid directly by the customer.

There is no single road to being a freelancer, but there are some elements you must have in place to make money freelancing.

1. Find a profitable skill and learn it
2. Play around with that skill and get used to it
3. Create a portfolio
4. Publish your gig on a website like Fiverr
5. Try to get review as many as you can

3. Online Course

People use the internet for several purposes, including entertainment and socialization. However, the Internet is also used to gather knowledge and develop new skills. Do you have questions about how to utilize a new piece of software? There’s most likely a video lesson on YouTube. What can you cook for dinner with just three ingredients from your refrigerator? Look on Pinterest for a recipe. This need for information and training has created an excellent opportunity for you to be compensated for your expertise. While some people have done this by starting a blog or authoring books, another way to market what you know is through an online course. According to Global Industry Analysts, online learning is anticipated to be worth more than $240 billion by 2021. Many individuals believe they don’t know enough about a subject to teach it, but the fact is that you don’t have to be an expert to produce and sell an online course. You just must know more than the typical individual. Personal development, music, gardening, cooking, marketing, technology, language, and other topics are all possible. Many people have made thousands of dollars each month teaching things like guitar, how to use specialized software, or how to bake bread through online classes.

Wise creators understand that failing to monetize their expertise is a major missed opportunity. Creating and selling online courses is a powerful business strategy, not just another method to make money online.

The very first step in starting an online course company is to establish a well-structured online course that gives actual value to students.

And if you’re wondering how to accomplish that, here are some measures you can do.

1. Find a profitable course topic that is in high demand
2. Choose and collect your course content
3. Sell your course in advance
4. Make it a Micro-Learning model
5. Make your learning method more entertaining and less monotonous
6. Make a video
7. Sell and host

4. Selling Digital Products

Digital products are goodwill or material that may be disseminated online without the requirement for physical inventories to be sourced or managed. These items are frequently distributed in downloadable or streamable formats, such as PDFs, MP3s, movies, software, or templates.

Type of digital Products:

• Memberships
• Licenced Products
• Tools and Templates
• Education or Tutorials
• short Films
• Video Footage
• Graphic Designs

There are various methods for selling digital things and sending them to clients, but one of my favorites is to utilize SendOwl. One of the reasons I use SendOwl is how quick and simple it is to set up. If you’re just getting started with your first digital product, you’ll enjoy how simple SendOwl is to use.

5. YouTube

This is the most typical solution to the question of how to make money on YouTube. The idea is simple: you join the YouTube partner program, make money, and receive ad income from video commercials that appear before, during, or after your videos. You grant YouTube advertising permission to display before, during, or after your videos. Then you get to pick what kind of advertising spots you want, hit a few buttons, and Google handles the rest. Once set up, Google can display advertisements on your videos, and each time someone views (or clicks) on those advertisements, you and YouTube divide the cost that Google charges the advertiser. YouTube receives 45 percent of the revenue, while the creator receives 55 percent. As an example, suppose you have a YouTube vlog channel and a Netflix commercial runs midway through one of your videos touting their latest and most wonderful Netflix original series. For the sake of simplicity, we’ll suppose Netflix is prepared to pay $1 for that placement on your whole film. Once the user sees the Streaming commercial, Youtube will take $0.45 and you will earn $0.55 in your partner’s YouTube account. This may not seem like much money, but when you receive thousands or even hundreds of thousands of views every day, the numbers add up.

You are not compensated for each video view. Rather, you are compensated when someone views or clicks on an ad displayed on your video. According to Influencer Marketing Hub, while payment varies, the average YouTube channel can expect to earn around $18 per 1,000 ad views. When you consider the rate of commercials shown, that corresponds to $3 to $5 every 1,000 video views.

When your balance hits $100, you will be compensated. Assume it takes 1,000 video views to earn $4 from viewers who viewed advertising. To earn $100 from those commercials, you’d need 25,000 video views. If your channel is small, you may only be compensated every few months.

You’ll also want to understand how Google, which handles AdSense payments, handles taxes.

If it sounds too long, here are some alternative ways you can make money with YouTube:

1. Affiliate Marketing
2. Print On Demand
3. Selling products & Courses
4. Creating sponsored content

6. Drop Shipping

Drop shipping is a commerce business strategy that varies from traditional models in that the owner only buys things from a vendor when a consumer places an order. This eliminates the need for businesses to own or store goods and offers up a plethora of new options. Drop shipping is a method in which things are shipped directly from the supplier to the client rather than to the business first, therefore expediting the process. The primary advantage of drop shipping is that it saves resources and time. You may allocate resources to other key business operations when you don’t have to box and transport your items. According to Shopify, working with drop shipping partners “includes not only a product acquisition model but also product fulfillment.”

In a word, drop shipping acts as follows: You create an e-commerce store and stock it with the things you want to sell from vendors and suppliers who will let you sell their products while they deliver them for you. When you place an order with them, they hold all merchandise before packaging, shipping, and sending you tracking information. You only pay your supplier once your customer orders and pays you.

Because most things are fairly cheap in China, most drop shippers sell straight from Chinese producers. If a product’s wholesale price is $10, a drop shipper will sell it for $18 and retain $8 for themselves. The majority of drop shippers target countries with more buying power.

7. Testing Apps

Like a user tester, you test the app’s functionality being used as a typical user would, ensuring that the overall UX (user experience) is favorable while also recording any bugs. You will be compensated once you have provided your comments to the developer. While the work may appear straightforward, it does need some effort and patience to master. Fortunately, there are several simple-to-use applications and websites where you may get paid to test apps. Although the great majority of users on these sites only evaluate applications on a part-time basis, the side hustle can still provide some extra cash.

Several websites compensate consumers for app testing. You may test apps on single or numerous sites, but keep in mind that each one is unique. The application procedure, rates of pay, and test possibilities differ on every site, so do your homework and figure out which ones are best for you.

Here are some sites that can pay you to test apps:

1. UserTesting
2. Enroll
3. UserFeel
4. TryMyUI
5. Beta Family

8. Buy & Flip websites

Website flipping is the process of purchasing a website to later sell it for a better price. It is simply the cliché “buy low, sell high.” However, the length of time you keep the website might vary substantially. In certain situations, you may be able to sell your site nearly immediately after purchasing it for a greater price (if you can line up off-market deals). In other circumstances, the “flip” may be a site that you have been holding, growing, and optimizing for years. So, when I say “flipping websites,” I don’t always imply something that is quickly handed along to the next customer. You may sometimes keep these income-generating assets for much longer periods if you love the cash flow.

Is website flipping a profitable business? If you decide to establish a website flipping business, you can make a livelihood, but defining a set income is more difficult. You see, how much you make is determined by several factors (which we will discuss later in this post). You may set the price of the website at face value, sell it depending on its potential, or follow in the footsteps of Forbes and sell it at 24 to 36 times the monthly income. Buyers will look at the monthly earnings after running costs and multiply them by a website multiplier to calculate the price of the website. After studying data from multiple website flips and attending two website flip classes, I can certify that the current website multiplier is 35x, which can change based on a variety of circumstances. The monthly multiplier is affected by criteria such as the age of a domain, the quality of the content on the site, if there are digital items on the site, whether there are high-quality backlinks to the site, varied traffic, and revenue sources, and so much more! If you work on many websites and sell them using this method, you may generate a six-figure income by flipping websites.

You can flip websites here:

1. Flippa
2. Digital Point Forum
3. Website Broker
4. Trademysite

9. Print On Demand

Print on Demand (POD) is a fulfillment approach that allows vendors to create product graphics. Clothing, such as shirts and hoodies, is commonly included, although mugs, towels, art prints, phone cases, and other goods can also be included. The provider will mail the goods with your graphics on them for you, eliminating the need for a physical shop to keep the merchandise. This means you won’t have to waste time and effort dealing with the delivery and presentation of the goods.

The print-on-demand industry has been growing in a healthy direction. The bulk of artists generate money by marketing and selling their items on this site. When used correctly by sellers to advertise their items, print-on-demand enterprises may fetch a lot of money. There are several success stories of sellers who have engaged in print-on-demand companies and have made a lot of money. It is not easy to generate money with a print-on-demand firm; some work is required.

Here are some sites to make money with print on demand (POD):

1. PrintFul
2. Teespring
3. Printify
4. Teelaunch

10. Video Game Streamer

You’ve probably heard about streaming and streamers like Pewdiepie, Ninja, Shroud, and Dr. DisRespect if you’re into video games or would like to be. This sort of streaming, which is not to be confused with viewing Netflix or another type of streaming service, includes someone broadcasting oneself playing video games to a live audience.

Video game streaming is available on a variety of sites, including YouTube, Facebook, Twitch, and others. The more popular a streamer, the more money-making possibilities they are going to have. Most of the time, a streamer’s popularity is determined by the number of people who have turned in to their stream.

To be a successful streamer, you do not need to be connected with any one video game or video game genre. Even if they specialize in one genre, the most popular streamers frequently play a variety of games. Because they are not limited in the type of material they may generate, this freedom can help streamers make more money.

So, how do Twitch (and other platform) streamers get money? It varies on the circumstances, but here are a few options for making money as a streamer:

It should be noted that being a popular streamer is not easy, but it is doable. You may also make money even if you aren’t the most popular streamer on your network. However, like with any work, you should enjoy what you do rather than just do it for the money. It takes time to create a following and find your stride as a streamer, so starting as a side hustle may be preferable before diving in full time.

Here are some tips to become a successful video game streamer:

• Choose your game and learn it
• Set up your streaming platform on Twitch or other platforms
• Create and sell your merch
• Create a Patreon account
• Teach peoples
• Join Affiliate Programs

Conclusion

I’m always surprised by the number of people who go to the Internet and start looking for ways to make money, without first thinking about why they need the money or what they are willing to do to get it. I am even more surprised at how many people think they can just magically start making money by starting a blog or SEOing an existing website. As adults, we have bills that must be paid and debts that need to be settled before we even begin to think about making some extra money for ourselves. All these people are fooling themselves into thinking that all they need is an internet connection and $5/month for your domain name account. All of your heads are in the clouds and you need to understand that there is no easy way to make money online.

To sum up, there are plenty of different ways to make money online in just about any field you want to go after. If you’re starting, consider building your blog first and establishing yourself as an expert or authority in your niche. There are plenty of ways to monetize a blog nowadays, from display ads and sponsorship deals to affiliate marketing and sponsored content. Once you prove yourself with a popular blog, you can also try your hand at freelance writing, either personally or for other blogging sites. As long as you put in the hard work and respect both your audience and your fellow writers, you’re sure to see success with whatever method of making money online you choose.