Earning money has typically been associated with and restricted to traditional ‘offline’ route. With the Internet taking over a large part of our lives, more people are looking to ways to earn money online to increase their financial inflows, with secondary income streams.
Section 1: Make money from your own website
The internet offers so much potential to earn from home. For many people, starting up a home-based online business from a laptop is the perfect fit. According to report, US spent $550 billion online last year and most of this will be attributed to shopping via a personal website.
With this fast growing business, one must first have a website. If not, the next best option is buying a domain name and getting a web hosting plan. It will save you a lot of money that could be spent on making other useful online products. Once you have a domain name you need to get a hosting plan that will enable you access to more potential clients. Also, these hosting packages come with discounts and premium plans that you can go for to save as much money as possible.
Earn a living from freelance work
Gig economy has taken over, where millennials are flocking to work on many platforms, whether it’s via home-based business or office. Once you identify your niche, you can start working from home, or even offline on platforms like CouchSurfing, Airbnb, etc. It’s more beneficial to work from home, as this way, you can work from a conducive environment, where you won’t be disturbed. Freelance sites like oDesk and Elance have been a fantastic platform to work from, and this is one way to earn a decent income in less time.
Create content for websites, blogs and social media
If you’re proficient at writing, creating content can be a means to earn a decent amount of money from the comfort of your home. With most of the major content aggregators like The Hootsuite, Buffer, Tweetdeck, etc.
Build a following in social media
Creating a niche on social media can be a great way to get new customers into your business. You can get a social media following for your business by establishing yourself as a thought leader and sharing interesting and engaging information. If your followers or customers are interested, they will want to take a deeper dive into your world. If you get to be the one that keeps them there, you will be one step closer to profit. If you have enough following, you can monetize by offering incentives, such as gifts, with those who take the dive.
Learn how to code and build an app
Coding and building an app are two of the top ways to get your brand online, and you can do it for nothing. In fact, building an app for the Apple Store is not that hard. It’s essentially just an app store.
Sell unwanted items on Craigslist
Finding that a large portion of their possessions are in garages or packed in boxes at home, many people find that keeping these items and not selling them helps them cope with life stress. Or, there could be that they just don’t want to part with these possessions anymore.
The next step, instead of putting these items in a ‘Buy it now’ ebay website or those similar, they can consider selling these to websites like Craigslist or eBay. So, if you have old used items, you can sell these online. You can even offer free delivery to these sites.
Run your own blog
You can easily set up a blog and generate money from it. You can take it as a full time venture or do it part time. If you do this part time, you can make money in 2-3 months.
Turn your skills into a teaching job
Technology has made it easy to do exactly that, and with some social media strategies, you can make $1,000s in no time. What do you do with your customers on your site? How many times have you gone on a site and received a lead but no follow up, and forgotten about it?
To remedy this, you can opt for Google Ads to help promote your skills and services. You can run these ads on various sites with a view to earning as much as $0.01 per click. These ads do not have to have any sale element as well, as long as the viewers are receptive to your offerings.
You can also purchase keywords or phrases. Some areas of interest include gardening, photography, interior decoration, and other areas of interest. Post these ads using keywords.
Use trial periods to make money
Most of us usually pay hefty price tags to get new products or services. If we want to try it first, we often have to purchase it for almost twice its value.
You can make money by trading your existing products or services with others at an affordable price or selling them at lower rates and getting more through the service.
You can start your cash-generation or trading journey by launching a trial period or trial periods. Your customers pay for products or services upfront but, at the end of the test period, you have the option to either extend the trial period by paying them a higher cash price for it or close the deal with them by giving them their money back.
It is important to know what the trial period is for.
Offer your services for free for a trial period
A free trial period allows you to prove your expertise and guarantee your client’s experience. Let them try out your services first before dropping your price.
Translate your passion and experience into an online content
If you are passionate about something, the world is your oyster. You can make money by sharing your knowledge or experience with the world. Writing and editing is great for money because you can earn from multiple avenues.
Buy and sell products
You can sell products on a swap platform where people will offer items to you for free in exchange for the item that you are trying to sell.
Build a website or blog
Blogs are very popular in the field of money making because you can earn money through ads on Google and other platforms.
Promote something for free for a trial period, and get paid if it sells
Consumers are looking for opportunities to earn money. All types of people, including students, entrepreneurs and investors are experimenting with different income generating opportunities. However, to earn money online without spending a dime, start following a few simple strategies listed below:
1. Create an online store to sell your products or services
Another method for you to make money is to start selling something you already own. You can start an eCommerce website and use it to sell any one of the products that you already own.
When it comes to the cost of running an eCommerce website, there are many methods that you can use to generate revenue online. You can charge people to click on your website link, and it will take you to your eCommerce store.
A business idea that will make you money
Let’s say you decide to start your own online business venture, it’s important to think of ways to turn your business idea into a viable money making proposition. If you are going to run a business from the comfort of your home or office, you need to ensure you have secured a working broadband connection and then set about developing an online business idea.
You can spend days, or even weeks developing a business idea before you start making profit. However, as with any business, you need to make the most of a new concept, before others copy it. A lot of online businesses fail because they haven’t managed to establish themselves as a credible brand name that consumers can trust and therefore adopt.