People are making millions through the internet. In fact, about 25% of Americans make money online due to the ease and other benefits it provides. If you have skills and passion then you can also join the rank and start to earn through the internet.
Around 57.3 million Americans worked as freelancers in the US last year, that’s a 30% increase compared to the year before that.
Amazon associate is another program that lets people earn commission by helping sell Amazon products. The program pays between 4% to 10% and there are many people who are making around 1,000,000 solely by being Amazon associates.
These are just a few examples of how it is possible to earn money online., but the options are many more.
There are 3 main principles of earning online money.
- Profit Generator: Choose a product or service that has a good margin of profit.
- Traffic Generator: The product/service/content should be engaging so that people is attracted
- Conversion Generator: The ability and creativity to convert customers.
Succeeding in these 3 can help you earn money online no matter what way you choose.
Here are six ways to earn money online:
- Blogging
For a blog to be successful and open sources of online income, a few things are needed:
- Choosing the right niche.
- Targeting relevant audience.
- Offering something unique.
Choosing the right niche refers to choosing a category according to your own taste. Blogging is all about sharing information. You should ideally choose something you have knowledge in so that you can come up with original content in your own unique voice. For instance, if you’re a fashion enthusiast then running a blog on fashion tips can help attract a large traffic.
Targeting audience means to attract traffic. This can be done by using SEO. Once you have a good number of visitors you can earn money by:
- Placing ads on your blog. Google Adsense is a good option.
- Publishing paid content on your site.
- Selling products through your site.
While this is a slow process, it can surely help you make a good amount of money.
- Affiliate Marketing
There’s huge earning scope for people who have the skills to sale a product/service. You can do this over the internet as well. Turn to Amazon Associate programs or the CJ affiliate program to start right away.
If you are good at preparing content (product reviews, how to articles, educating customers about upcoming products etc.,) and have the ability to convince people to buy something, then it can be a good way to earn money.
- Teaching
Conveying knowledge is an art and people can earn loads of money if they are good at it.
There are many online teaching platforms like Udemy and Skillshare to help you create teaching tutorials and earn online. Udemy has more than 20,000 teachers and 20 million students. The best thing about Udemy is that the instructor gets to keep 70% of the revenue earned.
Other than this, you can join platforms like UpWork where you earn hourly rate or a flat fee for your services. You can teach anything you are good at, from languages to coding to music.
- Youtube
The second largest search engine on the internet, YouTube, is a good way to make money. Just upload original content and monetize your channel. YouTube pays you based on the number of views and clicks an ad receives.
There are some good success stories on YouTube, such as that of Daniel Middleton’s. He runs DanTDM, and managed to make $1.6 million in 2017 just by YouTube. Then there’s PewDiePie who simply films himself while he’s playing video games and entertains the users and makes about $15 million just by doing so.
You can jump the bandwagon and start posting original videos. See what you are good at. You pay share our talent (singing, dancing etc.), come up with tutorials (hacking, music etc.), or just vlog to build an audience.
These videos can be shared on different platforms to gain an audience. The more people watch your videos, the more money you make. However, remember to come up with original content that is well made and professionally presented.
- Online Trading
Learn to trade and start making money by trying your hands at Forex. It is a good way to get rich in no time, but remember that trading is very risky and you may lose a large portion of your investment.
Just choose a reliable platform that offers a large variety of assets to trade. These include stocks, commodities, cryptocurrencies etc. In online trading, you don’t really own an asset, but just count on leverage trading to earn money on CFD. However, it can be a complicated process so make sure to study before you invest any money.
Most companies offer demo accounts that can help you learn the art so give them a try.
- Freelancing
Freelancers contribute about $1.4 trillion to the US economy, and the amount is only increasing with more and more people jumping the bandwagon. Rookie and mid-level freelancers can earn $21/hour while experienced ones can earn more than $100/hour.
There are platforms like Fiverr and Freelancer that provide opportunities to freelancers to earn money by selling their skills. You can choose from different categories including coding, graphic designing, web designing, virtual assistance etc.
Also, freelancing offers work hours flexibility so that people can balance their life and work.
Just make a profile and start making money. However, the competition is tough so make sure to produce quality work so that you can build a good portfolio.
The Verdict
These 6 ways are quite popular when it comes to earning money online. You can too start earning money online by figuring out what works best for you.