Have you ever considered the world of freedom you would live in if you made your money online?
Making money online would not only help you save and pay debts off; you also get to pay your bills promptly and walk in financial freedom. If you want to cut the crap of working a job you hate and quit living from paycheck to paycheck, this is your best bet. What’s more? You get to decide when to retire. How sweet!
Whoever you are: a student, a single mum or dad, an immigrant — you can make money online. It’s not rocket science either. There are so many money-making options to choose from. You just have to put in the work and make the right sacrifices, and you would be well on your way into that financial stability you dream of.
Here are five great ways you can make money online:
1. Making YouTube videos
High-quality phone cameras make it possible to film content from anywhere in the world these days. You can upload these videos on YouTube in niches ranging from sports to DIY to beauty etc. You can generate passive income from this via Google Adsense ads that are displayed on your videos. Every time someone views or clicks on these ads, you get paid a token. If you build your YouTube channel to have thousands of subscribers and daily content, this could become a full-time stream of income.
2. Participate in Research Studies
Companies are always looking for qualified people to participate in their research studies. Interestingly, you do not even have to be a professional in the field. Examples of companies that offer this opportunity are User Interviews and Respondent.io. Both companies recruit research respondents internationally. You could earn from $50 to as much as $400 on these platforms on very specific one-hour studies.
3. Take Surveys
If you’re looking to have quick financial support on a daily basis, online surveys are a great option. You can sign up on platforms like Swagbucks, LifePoints, and Survey Junkie. These platforms give a good variety of surveys to choose from. In addition, they pay well. Swagbucks even gives you a free $5 bonus when you sign up. A typical survey takes 10 minutes or less and you can easily make an extra $5-$10 a day with it.
4. Create an Online Course
There’s probably something you’re skilled at doing. Instead of doing it for fun or for free, why not create an online course about it? You could make some really cool passive income from this. Websites like Udemy and Coursera are great places to publish your online course. You could also put it up on Amazon. You can beef up your online course with video lessons, checklists, mini e-books, images, and infographics. You could also make it flexible for your students by creating an audio version of it.
5. Sell Your Photos
If you love photography, then this is a plus for you. You can sell the photos you take by posting them on stock photo websites. Platforms like Shutterstock, Unsplash, Pexels, or iStockphoto would do. You would receive a fixed amount or percentage for every person who buys your photos on these platforms. Make sure that the photos you take are of really good quality because they can be sold over and over again to different people.
6. Affiliate Marketing
Affiliate marketing is an added advantage for bloggers or website owners. It involves placing links on your blog or website to promote certain products. Just like stock photos, you would also receive a fixed amount or percentage when people buy via the link on your site. If your blog has a substantial number of visitors, then you’re a good fit for affiliate marketing with big companies. If you’re just starting out, you can create a website or blog and niche down to a particular topic you’re passionate about. The goal of this is to promote products or services that are related to this niche.
Starting an e-commerce business is both fun and rewarding. You could also decide to niche down to selling what you’re passionate about. It requires you to put in a lot of work but the fruits are encouraging. An e-shop or e-commerce store helps you generate more passive income in a smart way because you don’t have to give your full attention to it all the time. Several processes can be automated. An example is opting for drop shipping so that your products can go directly from the manufacturer or wholesaler to your customers.