More and more people are looking to earn some extra money from home due to various reasons. You may want to pay off some debts, save up for future investment, or for a dream trip that you have wanted to go on for so long. Extra savings would help you build up capital that gives you a better opportunity to cope with financial difficulties. Long illnesses or dismissals at work, etc., are things that are difficult to predict – but can have a significant negative impact on your financial situation. There are currently many opportunities to earn extra money online, and the internet has also made it easier than ever.
When you work online, you decide your schedule and work when it suits you. In this way, you can combine a regular full-time job with earning extra money online.
There are so many different ways to make money online nowadays. I will mention just some of them, so you can decide whether it might be something for you or not.
1. Earn money on Youtube
There are several different ways to make money on Youtube. The most common is by displaying ads in connection with Youtube videos. You usually get paid every time a viewer interacts with the ads – for example if they click on them.
You can also promote various products and services in your video as an affiliate and earn commissions when you generate sales. You can also find sponsors by building a strong Youtube channel with many listeners and subscribers. They will pay you if you talk about their product or service in your video.
There are mainly two things required to succeed in making money on Youtube. One is good content.
And another is your patience and motivation to get through the start-up phase. It usually takes a long time to build a strong Youtube channel and before you start to earn.
2. Earn money on blog and website
As a blogger, you can make money if you succeed in attracting loyal readers. You can then, for example, promote products and services to them as an affiliate marketer.
If you promote something relevant to the readers as an affiliate, then there is a big chance that some will buy. You then get a commission that can be anything from a few percent to up to 30 percent or even more. What can you sell as an affiliate? It could be any product or service relevant to your audience and what you are interested in writing about and promoting.
3. Make money on Instagram
Instagram has become one of the largest social media, and there are many opportunities to make money there. The most common way is some form of collaboration with a company. For example, you can market different products and services as an affiliate. Or you can sell sponsored posts. It is also possible to sell shout-outs. It means that another Instagram user pays you to mention their Instagram profile in hopes of gaining more followers.
4. Make money on a podcast
Podcasts are becoming more common. Many people have realized the benefits of sending their messages through a podcast. A general way to monetize a podcast is through advertising and sponsors. You make one or more episodes in collaboration with a sponsor. In return, you get paid for presenting the sponsor’s company/product/service to your listeners.
You can also sell your products and services via podcasts. If you build a podcast with interesting content and create a product that targets the audience, you will get great selling opportunities.
5. Make money on e-commerce business
With the help of drop shipping, you can easily set up a store and then place an order to the supplier only when a customer has placed the order. In this way, you do not need to have any stock. It reduces both costs and risks. Examples of platforms where you can sell your products are eBay and Amazon.
6. Earn money on your own online course
Many people think that they don’t know enough about a topic to teach it, but the truth is, you don’t have to be an expert to create and sell an online course. You only need to know more than most.
Creating an online course is an excellent opportunity for you to get paid for your knowledge. It is another method of selling what you know.
7. Become an online coach
To become a coach, you don’t need to attend The Coaching Institute. Because anybody can be a coach, and so many people don’t necessarily realize this. All of us are experts in something. There is an audience and a target market for any skill.
People are constantly looking for personal development coaches to help them improve themselves or any aspect of their lives. In online coaching, clients meet their coach via virtual platforms rather than meeting in person.
There are many other ways to earn money online, but I want to give you an idea that I consider the most common ways.
It is always advantageous to have a specific skill or knowledge to succeed in various ways to make money online. But do not give up if you think that you do not have some unique skills for that. You can always learn what you do not know yet. If you open yourself to new possibilities and take consistent actions, you will find your niche and succeed!
If you want to learn more about what kind of business opportunities there are on the internet and how to earn your first $10 K, here is your ticket for a FREE workshop!