How to make money online from home? This is a question that I get a lot every time I tell others about my job.
Well, making money from home nowadays is easier than ever before. With the Internet, computers, and smartphones readily available to everyone, it is now possible to earn money in the comfort of your own home.
This article will explore various ways that you can make money from home by engaging in different types of income-generating activities.
1. Start a Blog
Every day people are looking for new ways to make money. One of the most popular ways to make money online is by blogging. Blogging is a way that anybody can create a blog and share their thoughts, point of view or experiences with others.
There are a number of different ways to monetize a blog including affiliate marketing, advertisements, and sponsored posts. Affiliate marketing is when you promote products on your blog and if somebody clicks through you will get a commission from the company.
2. Affiliate Marketing
In essence, affiliate marketing is the process of making money (Usually commissions) when you sell someone else's products. This means that everytime you make a sale, you make a commission.
Simple, right? These products can be in the form of physical products or digital products.
Unlike traditional sales, you don't have to knock on someone's door everyday to make sales.
Affiliate marketing can be a great way to make money online. It's so easy to do and relatively free. Most sites offer affiliate links, so the only thing you need to do is find something good and promote it on your website or social media page. You'll be earning a commission for each sale you make, which usually ranges from 5-20% of the price of the item.
3. Start a Dropshipping Business
The global dropshipping market was valued at 102.2 billion USD in 2018 and expected to increase by 28.8% by 2025 and you can get a piece of the pie as well!
In case you don't know what dropshipping is: Dropshipping is a business model where you sell products to a customer without the need to worry about warehousing storage, packaging or shipping of the product.
Traditional wholesaling and ecommerce requires a huge amount of capital to purchase and store your products. With dropshipping, the only thing you need to focus on is to get as many customers as possible to purchase the product and let the supplier handle the rest.
The dropshipping business model has grown large over the years due to the low overhead required and the ease of testing and scaling up the products. However, you will have a lower margin compared with traditional wholesaling.
If you want to get started in dropshipping, you definitely want to check out these resources:
One of the easiest ways to make money online from home is by transitioning what you're doing during your 9 to 5 job to an online platform. Freelancing isn't something new. In fact, there's 59 million freelancers in 2020, and the trend is growing stronger by the year in the United States.
Whether you're a teacher, a content writer, a journalist, a graphic designer, a video editor, a web developer (The list goes on and on), you can definitely transfer your skills online to make a buck.
Wondering how much you'll earn per hour from Freelancing? Upwork provided the average pay statistics and I've summarized it as below.
It's important to note that your freelance journey will probably start with a lower pay per hour then the above listed, and you definitely won't start with a $10,000 month like Jyssica.
The key to freelancing is effort. To make a consistent stream of money online as a freelancer, you need a strong portfolio. DO NOT start out for a month or two and decide that this is not for you. You get will more and more client as you build out your portfolio. As your portfolio grows, your customer base will to.
A few blogs to check out if you're interested in freelancing:
Where do you start? I've listed a few freelancing platforms below to check out if you're interested in freelancing:
- 99Designs - Specializes in Design
- Chegg Study - For Tutoring
- Fiverr - Kind of a catch it all site. It has been growing throughout the years.
5. Become a Writer
I'm sure you've heard the rumor that writers make no money. And if you haven't, you will soon enough. But it's not true. There are many ways to make money as a writer.
You can write for newspapers, blogs, books, magazines, or even commit to one of those pesky "commitment contracts."
The first step is to establish your voice online- mostly through articles and blog posts with good SEO.
The idea of writing for a living might seem like an impossible dream to some, but if you're willing to put in the time and effort, it could be your ticket to financial freedom. There are many ways to make money as a writer. The first step is figuring out what kind of writing you enjoy most. If you love writing about specific topics or genres, then this may be your best bet--especially if these topics are popular right now.
Where do you start? I've listed a few writers platforms below to check out if you're interested in writing:
6. Work as Virtual Assistant
Virtual assistants are people who provide services to others over the internet. They perform tasks like data entry, scheduling appointments, and answering emails. A virtual assistant can make money by charging a set rate for any task they complete. The rates vary depending on the size of the task, but are typically about $25-$35 an hour.
Typically there are two options to being a virtual assistant, being self-employed or working with a company that will hire you as an employee.
You can find virtual assistant jobs on freelancing sites.
7. Start a Youtube Channel
This is probably no news to anyone. Over the years, Youtube has grown to become the 2nd largest search engine in the world (Second only to Google Search) and there's plenty of space for creatives to make a brand for themselves.
If you have an interest to become an influencer, starting a Youtube channel is just for you. What's the potential of Youtube? Well, the answer is more than $20 million. And it's achieved by 10-year-old Ryan, who reviews toy products for kids.
When starting out, your Youtube channel should focus on a single niche to gather a strong following. Create videos that are educational or entertaining. Some niche ideas include:
- Make-Up Tutorials
- How-to Series
- Product Reviews
After you've gathered a following, you can start earning via Youtube ads or collaborations with companies. You can also include affiliate marketing into your earnings if there's an affiliate program in your niche.
8. Website / Domain Flipping
Domain flipping is a term used for buying domains with the intent to quickly resell them. There are different variations of domain flipping, but the most common strategy is to find domains that can be bought at one price and then sold for a higher price. Some domains that might be considered as possible flips consist of expired domains, old company names, and words that could be made into websites.
Many websites that come into existence today will die out just a few years later. During this period, domain names have lost their value because these sites are no longer being used. This behavior causes an opportunity for people to invest in domains with the intent of flipping them for profit. There are three main ways to money with flipping domains: private auctions, public auctions, and arbitrage.
Domain flipping relies on the idea that the internet provides an ever-present opportunity for innovation.
Check out Flippa for more.