In an effort to make money online, you’ll often be asked, “How can I make money online?” There are many ways to do this, but as there’s no one-size-fits-all answer to this question, we thought we’d list down some of the most practical ways to earn money online.
1. Start an online store
If you’re looking to make money online, one of the first things you’ll want to do is to start an online store. There are several ways to do this. For example, you can start an online shopify store for free (shopify.com), or if you’re more of a techie type, you can start a WordPress blog and use the store function (you can find this under the Settings tab in your dashboard).
The great thing about these online shops is that you can use them to showcase your talents and abilities. Whether your speciality is art, copywriting, design, or something else, you can use your skills to help others find products that suit their needs. This can also be a way to source products that you know are high quality but don’t necessarily suit your own style. Finally, a standalone online shop can also be a way to build your credibility as an expert in your industry and gain credibility with potential customers.
2. Start an online tutoring business
If you’re a talented teacher, you can start an online tutoring business. There are several platforms out there that can help you with this. For example, you can use Blue Prism’s AI Platform to create a virtual teacher for students across the world. With this tool, you can set the hours that the virtual teacher will be available and create a lesson plan with weekly objectives. As a tutor, you’ll be able to choose which students you want to teach and how long you’ll spend with each one. When you’ve created your own AI assistant with Blue Prism, you’ll be able to save time by creating automated email responses and notes from previous tutoring sessions. It’s also possible to use automated email campaigns to send out weekly assignments and reminder emails.
If you’re looking to build a successful tutoring business, you’ll want to find a niche. For instance, people looking for French tutoring or piano lessons might find you online. Becoming a tutor is a great route to go down if you want to make money online because there’s always plenty of work, and you can scale your business as you grow. Plus, you get to teach people who might not otherwise have the chance to learn something new.
3. Start an online teaching marketplace
An online teaching marketplace is when you connect with educators across the world and help them find students who need their classes. You might start an online marketplace for teachers looking for students, or vice versa. For example, you can use Teachers Pay Teachers to connect teachers with students looking for the right level of educator to provide a lesson. When a customer searches for a class, they’ll see a list of registered educators who can help them find exactly what they’re looking for. If you’re a teacher looking for a new way to make money online, this could be a great option for you.
4. Start an online learning platform
An online learning platform such as YouTube or Udemy is where you can find and pay for all of the necessary materials to learn a specific skill. If you’re looking to make money online, you might consider creating your own online learning platform where users can access all of the courses needed to learn a specific software skill or how to operate a specific piece of equipment. For example, if you’re passionate about photography and know that most people can benefit from the knowledge you possess, you could create an online learning platform where users can access high-quality tutorials on all aspects of photography from beginner’s guides to intermediate and advanced techniques. You’ll find a lot of platforms out there that can help you with this, so don’t hesitate to research the topic before you dive in.
5. Start an online reading platform
If you’re a voracious reader, you can start an online reading platform. Whether you love to binge-read or want to create a reading list for yourself or a friend, you can use Scriven’s platform to build a community of readers and let them discover new books and share their opinions. When someone opens up a profile on Scriven, they can add books that they’ve read and liked to their profile. If a user finds a book that they’ve added to their profile and love, they can then comment on it, recommending other books that they think the new user should read. This is a great way to find books that you’ll want to read and share your opinions on. You can start your own conversation and find other people who share your passion for reading.
6. Start a blog
A blog is a great way to make money online. You can create a blog about almost anything and use it to build your credibility as an expert in your industry. If you’re looking to get started, you can use Blue Prism’s Automated Blogging tool to create a high-quality blog in no time. You can also use WordPress.com to create a free blog (WordPress.org). Just remember that in order to make money from a blog, you’ll usually need to write and promote affiliate products (websites that pay you for each sale you generate) that compliment your blog’s content. You can use affiliate marketing to promote any product or service that you believe could be useful to your audience. The great thing about this strategy is that you don’t need to have a huge following to make money from a blog. Even a few quality posts along with a few affiliate products can earn you a healthy revenue stream. Finally, don’t worry about promoting products that you’ve never tried or used. As long as there’s a decent amount of trust between you and your audience (i.e., you’ve done your research and can vouch for the product or service), you’ll be able to promote pretty much anything.
7. Start a YouTube channel
YouTube creators can make a lot of money online, so if you want to get paid, you can start a YouTube channel. There are several ways to make money on YouTube, but the greatest (and most popular) way is through affiliate marketing. Just remember that in order to make money from YouTube, you’ll usually need to build a following. The great thing about this strategy is that it doesn’t require you to go viral, as most people who make a lot of money on YouTube use this strategy. When viewers click a link or buy a product that’s featured in a YouTube video, the platform will typically share a small percentage of the revenue with the channel owner. If you want to find out more, visit YouTube’s Affiliate Marketing Tips and FAQs section for more information.
If you’re new to YouTube, don’t worry. You can use the platform’s free tier to build up your following. Just remember that if you decide to make money from YouTube, you’ll need to learn how to create attractive content that holds the attention of your audience. In order to do this, you can use digital marketing tools like Google Analytics and Hootsuite to figure out what content is performing well and use this to inform your future video content.