In light of the pandemic, many traditional ways of making money have dried up. The economic depression has led to many ways for online entrepreneurs to shine. Never fear, I’m here with six ways to earn cash flow during these strange times.
1. Take On-line Tutoring Jobs
Get paid to teach. Online tutoring is a gig that can easily be done from the comfort of your home. Many companies, such as Tutor.com and GoTeach.com have created a demand for online tutors. If you have a specific subject matter expertise, you can create a blog around that content and attract customers from all over the world. You will need to create high-quality videos to capture the attention of viewers. You can then supplement your income with product sales or affiliate marketing.
2. Start An Online Store
If you’re looking to make money online, the simplest way to do so is to start an online store. You can sell your own wares online, or you can use platforms like Shopify and Etsy to provide other businesses with the gear and services they need to operate. An online store can be a great way to make money during the pandemic because you are not directly affected by the economic downturn. However, remember that to make money online, you will need to learn how to drive traffic to your store. There are several tactics you can use to draw in customers, such as SEO, content marketing, and social media. You can use the same three platforms to promote your product or service—just replace the word ‘store’ with ‘blog’ or ‘social media account’.
3. Start An Affiliate Marketing Program
If you’re looking to make money online, the simplest way to do so is to start an affiliate marketing program. With affiliate marketing, you don’t need to run a store to make money. It’s a type of marketing where you sell another company’s product or service and earn a commission when someone buys that product or uses that service. Some of the most popular affiliate marketing platforms include Shopify and Google Affiliate Network. If you choose to use Google Affiliate Network, you will need to get a Google certificate to ensure you are giving Google the correct attribution when sending patrons to their website. You will also need to have a landing page with a unique URL so that people can find it when they click on an affiliate link.
4. Start An Online Real Estate Investing Program
Another way to make money online is to start an online real estate investing program. Like with affiliate marketing, you don’t need to run a store to make money online. You can purchase properties and earn a rental income. Some of the most popular real estate investing platforms include Fundrise and RealEstate.com. Like with affiliate marketing, you don’t need to have a physical storefront to do this work. You can operate from the comfort of your home, accessing the property values and transactions of others.
5. Start A Blog
Blogs are a great way to make money online. You don’t necessarily need to start a blog to do so, but it’s a popular tactic among those looking to make money online. The key is to pick your niche, build your audience and then monetize the content that you produce. One of the simplest ways to monetize a blog is to promote and sell affiliate products. When someone clicks a link and makes a purchase after reading your article, you’ll earn a commission.
6. Sign Up For A Blogging Platform And Use It To Your Advantage
Many blogging platforms, such as WordPress, provide a monetary incentive for those who use their services. If you have a blog somewhere else on the web, you can sign up for a free account on WordPress.com and then use the platform to your advantage.
The truth is that not all ways of making money online are created equal. It takes time to build a successful blog, understand affiliate marketing, and develop a successful online store. However, as the economy shifts to the digital sphere, more ways to make money online become available to you.