Inflation is a major concern in today’s world, and while there are a number of ways to make money online, not all of them are created equal. Below, we’re going to list seven ways to make money online that actually work. Some of these methods may not be legal yet, but as long as you’re not doing anything illegal, the world is your oyster!
Before you begin your journey to financial independence, it’s important to realize a few things. First, make sure you know what you’re signing up for. Although the methods listed below allow you to make a decent amount of money, they can all be quite tedious. Second, make sure you understand the risks involved before you begin. Most of these gigs are either temp or part-time jobs and don’t provide you with any kind of benefits, so be sure to weigh the pros and cons before you make a decision.
7 Easy Money-Making Blogging Schemes to Try in 2016
Blogging isn’t just a hobby; it’s a business in itself. If you’ve got a web site with decent content, you can use it to make money online by monetizing your site. There are several different ways to do this, but below we’re going to introduce you to seven popular blogging schemes that can help you earn some extra cash.
1. Product Review Blogging
If you’ve got a decent amount of experience or knowledge in a certain field, you can use your expertise to perform product reviews. The only requirement is a reliable supply of products to review. You can then use your blog to share customer reviews and opinions on various products. Since this is a fairly new niche, there aren’t a lot of large corporations jumping on board, which means there are a lot of opportunities for you to make a name for yourself.
The best thing about product review blogging is its relative ease. If you can write coherently and present information professionally, you should have no trouble monetizing your site. The worst thing about product review blogging is its relatively low monetization potential compared to other online money-making schemes. Although you can make a nice chunk of change from reviewing products, it typically won’t bring in the big bucks.
2. Affiliate Marketing
This is one of the most popular ways to make money online. All you need is a website, a Facebook page, or Instagram account, and you’re good to go. When a user clicks a link on your site or social media page and makes a purchase, you’ll earn a commission.
There are several affiliate marketing platforms such as Shopify, Wix, and GoDaddy that can help you get started with affiliate marketing. These platforms have all the necessary tools you need to set up your account, build a website, and get started with affiliate marketing.
The best thing about affiliate marketing is its robustness. Despite the fact that this is such an easy way to make money online, it has managed to continue growing in popularity every year since its inception in the early 2000s.
The worst thing about affiliate marketing is its relatively low success rate. Although you can make a decent chunk of change from affiliate marketing, it’s usually not a lucrative venture.
3. Freelance writing for publications
If you can write well and are able to find publications that are willing to pay for content, you can make a good chunk of change by writing for them. You’ll need to have a writing sample or portfolio to show prospective clients. Since this is a fairly new niche, there aren’t a lot of opportunities for you to make your name as a writer. However, if you can get a foot in the door, you can build a steady stream of income from freelance writing.
The best thing about freelance writing is its relative ease. You’ll just need to have a laptop or desktop computer to get started. Since there are no special tools required, you can literally get down to business right away and start making money online. The worst thing about freelance writing is its relatively low monetization potential compared to other money-making schemes. Even though you can make a decent chunk of change from writing, it doesn’t typically bring in the big bucks.
4. Start an online store
If you’ve got a product or service that others are willing to pay for, you can set up an online store to sell and market these products. The only requirement is a secure portal through which customers can purchase your goods. You’ll need to choose a payment processor (such as PayPal) to take payments directly from customers. Once you’ve got this established, you can use your store to promote and sell various products.
The best thing about online stores is their ability to generate revenue swiftly and easily. You’ll simply need to decide what you’re going to sell and set up a store to house these products. When a customer makes a purchase, you’ll receive a notification directly from PayPal. The worst thing about online stores is their relative infancy. Although there are a lot of established stores out there that have been around for years, the majority of them were built on platforms that aren’t particularly stable or secure. If you decide to get started with this online money-making method, make sure you do your research and choose a platform that’s known for being relatively stable and secure.
5. Start an online marketplace
If you’ve got a product or service that others are willing to pay for, you can set up an online marketplace to sell and market these products. The only requirement is a secure portal through which customers can purchase your goods. You’ll need to choose a payment processor (such as PayPal) to take payments directly from customers. Once you’ve got this established, you can use your marketplace to promote and sell various products.
The best thing about online marketplaces is their ability to generate revenue quickly and easily. You’ll simply need to decide what you’re going to sell and set up a marketplace to house these products. When a customer makes a purchase, you’ll receive a notification directly from PayPal. The worst thing about online marketplaces is their relative infancy. Although there are a lot of established marketplaces out there that have been around for years, the majority of them were built on platforms that aren’t particularly stable or secure. If you decide to get started with this online money-making method, make sure you do your research and choose a platform that’s known for being relatively stable and secure.
6. Start an online store using Shopify
Shopify has created an entire ecosystem aimed at creating an online store without needing any kind of experience. If you’ve been looking for a way to make money online, you might want to consider this option. With Shopify, you simply need to choose a theme for your store, add products, and make sure the layout is professional looking. The platform handles the rest, allowing you to just focus on building your audience.
The best thing about Shopify is its ease of use. If you’re new to the online world, setting up an online store with this platform might be the way to go. The worst thing about Shopify is its low monetization potential compared to other money-making schemes. Even though you can make a decent chunk of change from Shopify, it typically doesn’t bring in the big bucks.
7. Start a drop-shipping store
This is a variant of the online store method we just discussed. Instead of owning and operating a storefront, you simply operate a drop-shipping store. When a customer makes a purchase, you order that product from a 3rd party (typically a manufacturer, vendor, or wholesaler) and ship it directly to the customer. You’ll then receive a commission once the product is delivered.
The best thing about drop-shipping stores is their ability to generate revenue swiftly and easily. All you need is a laptop or desktop computer to get started. Since there are no special tools required, you can literally get down to business right away and start making money online. The worst thing about drop-shipping stores is their low monetization potential compared to other money-making schemes. Even though you can make a decent chunk of change from drop-shipping stores, it doesn’t typically bring in the big bucks.
In addition to the methods above, you can use your blog or website to perform advertsorials for businesses seeking to make money online. You’ll simply need to prepare a short report on a recent news story or event and then place some ads on your site. Simply make sure the ads aren’t too distracting and that you don’t promote any products that are illegal or malicious in any way.