What simple ways are there to start making money online?
There are many ways to start making money for yourself on the internet. Especially if you are at the point of figuring out the next steps when you have a great business idea.
While these may not be true fast-growth startups that are disrupting the world, they can lead to much bigger things. Check out these 10 ideas for getting started online, and that you can do from anywhere.
1. Online Day Trading
Trading public stocks online has been a possibility for years. Some make a lot of money at it. It can also be highly risky. If you already have an investment portfolio and some capital you may be able to use this strategy remotely from a laptop and increase your net worth and generate some modest yields.
You can trade public stocks, stocks of startups that recent hosted IPOs, funds and funds of funds, and a variety of cryptocurrencies. All you need is an internet connection and a trading account.
2. Invest In Private Startups
For those seeking better returns and more exciting opportunities to generate more money, hit big wins of be involved in the next big things that shape our world, you may want to step up to investing in private startups.
They offer more room for growth than stocks which are already public. There are a variety of ways to do this. They include investing through equity crowdfunding platforms, private angel investing, investing in VC funds as a limited partner, or even funds that invest in these companies, as well as buying pre-IPO stock options from shareholders that work in startups.
Turn your skills and passions into your own freelance career. You can start this part-time or go all-in with your own business or virtual agency.
No matter what your skillset, you’ll find someone who needs it. You can write, design, code, consult, do social media, or something else. There are existing freelance platforms you can work through like Upwork. Or you can piece together jobs through LinkedIn, cold emailing, and Craigslist. You get out what you put in.
Though generally your earnings will be capped by the number of hours you can work. You can work for $5 or $500 an hour, depending on your experience. It is relatively easy to make six figures in this space. Though it may be difficult to break into the seven-figure arena.
You can also reduce costs by grabbing a business plan template that you can work on.
4. Fiverr Gigs
Fiverr.com is a freelance marketplace with many shorter and simpler gigs. If you need to make money right away and haven’t honed your experience in a specific field yet, this could be for you.
As the name suggests, you can sell your services for five bucks a pop. This might be creating logos, holding up advertising signs, or being someone’s fake online boyfriend or girlfriend for a day to make them look better on social media.
There are opportunities to spin these gis into better-paying ones, though remember that clients are coming to this site specifically to find the cheapest possible workers for the least possible money.
5. Sell Something On Existing Platforms
Without any skills, degree or experience you can start selling things online. It is simplest to do this on existing e-commerce platforms.
They include Craigslist, Letgo, Amazon and eBay. You can buy and sell products online with a nice markup and act as a wholesaler. You can sell your own handmade crafts and art. Or start by liquidating your used furniture and items in storage so that you can go travel the world for a year.
6. Online Courses
What do you know that you can teach others? One of the fastest growing markets is eLearning and online education. Whatever you know there is probably someone somewhere who could use a quick tutorial. You can do this in written format or through a series of videos.
There are plenty of existing online education platforms that you can host your own course on. If you offer pre-recorded training, then you can enjoy passive income and make money in your sleep or while you just unplug for a while.
7. Affiliate Marketing
Many people struggle because they don’t have their own product, and don’t feel they have the talent, creativity or financial resources to create one themselves. Affiliate marketing is a great silver bullet for this.
It enables you to sell other people’s products and services online and get commissions for it. In fact, you really don’t have to do much selling at all. Just direct people to the right affiliate marketing links, and if they click and buy, you get paid. This can be anywhere from a few cents to thousands of dollars per customer.
Blogging is still an important part of the internet. Despite the hype, many people don’t watch that much video. They can learn and digest far faster from reading or don’t have a great internet connection for streaming video. If there is something you are passionate about writing about, start your own blog.
Then you can turn that into a variety of ongoing income sources which can keep paying you every month. You can run your own blog part time or turn it into a hot online magazine. You can even run it all from your phone from anywhere.
Don’t dismiss this as a money maker. Some blogs have sold for hundreds of millions of dollars.
9. Start Your Own YouTube Channel
You can make some serious money as a YouTuber. It’s the number one dream of many millennials and members of Generation Z. It’s competitive, but if you can get paid to do what you love, why not?
Podcasts are growing in popularity. Many find podcasts easier to produce than writing. Though you still may want a script writer.