Inflation has reached record levels and while there are signs it may be easing, prices on just about everything are still going up. Congress has worked to pass legislation such as the Inflation Reduction Act to decrease the cost of living for American families. One way they have tried to do this is through creating more revenue opportunities for families. As a result, more and more people are looking for ways to make extra money online. Some prefer to hit the pavement running while others choose to slowly build their income through passive income streams.
1. Start a blog
Blogs aren’t just for fun these days. They can be quite the moneymaker when done right. The key is to pick your niche, build your audience and then monetize the blog. Building a following through genuine content that provides value and builds trust is the key to monetizing a blog. When done right, a blog can be a reliable source of income that defies the odds.
There are numerous ways to make money from a blog. Doing sponsored posts for businesses who pay you to post about their products is one way. So is selling and displaying ads on your site. You could also join affiliate programs and make money off of referrals or through online marketing and sales. Building a following through value-based content and then monetizing that content through affiliate sales is a popular way to go. Monetizing a blog doesn’t have to be difficult. Simply find a product you both agree is valuable and then write a review about it. Doing this regularly can bring in cash flows comfortably.
2. Start an affiliate marketing business
If you’ve got a knack for promoting products, you can put that skill to use in the world of affiliate marketing. The only difference is that with affiliate marketing, you’re not necessarily selling a product yourself. Instead, you’re getting paid to promote a product or service that someone else owns. For example, if you enjoy good food and you think the world could use more healthy options, you could start an affiliate marketing business that promotes food products that are organic, gluten-free or vegan. There are many different ways to make money with affiliate marketing, from selling and displaying ads to become a digital marketing specialist to building a community of bloggers who promote your products for you.
3. Start an online store
If you’re the creative type, you can start up an Etsy shop. Etsy sellers offer everything from jewelry and clothing to artwork, invitations, yard signs and even wedding dresses. All you need to get started are a laptop computer or mobile device, an image of the product you want to sell and a PayPal account.
Setting up an Etsy shop takes only a few minutes and then all you have to do is start listing your items. You set your prices and agree to pay Etsy a small percentage of the sales you make. You can also take advantage of the fact that many people use Etsy as a store-front to get additional customers who might not have heard of you before.
You could also try launching a t-shirt shop or a hoodie shop, both of which can be quite the moneymaker when done right. Launching a store-front on Amazon is also a viable option. In fact, you can list any product you want to sell on Amazon and make money from the online store you build. You don’t need a shop-building app to do this. All you need is a computer, an internet connection and the will to make money online.
4. Sign up with a survey site
Survey sites are locations that pay you to take surveys. You get paid to take surveys in return for filling out some of your spare time. Not everyone will make a lot of money from taking surveys, but it’s possible if you’re particularly talented at predicting the future behavior of businesses and individuals.
Some of the more popular survey sites include Survey Junkie, Swagbucks, OneOpinion and Ipsos iSay.
5. Start an online gig
If you’re tech-savvy and loves to code, you can start your own web development company and begin charging businesses to build websites. Building websites from the ground up and knowing how to code or program certain functions or features into a website is valuable knowledge to have. It can help you land lucrative contracts or even become a freelancer.
There are many different ways to make money with a web development company. You could help existing businesses get their websites up and running, do SEO for clients or launch a web design agency.
6. Start an online tutoring business
If you’re an expert at something — whether it’s math, science or languages — you can put that knowledge to use in the world of online tutoring. Companies like MasterMindExpert and Tutor.com connect you with students who need help with homework or need someone to explain something to them. You can set your own rate and choose your own hours, so this could be a way to make some extra money remotely.
Tutoring is a viable option for individuals who want to make some extra cash. Just remember that it can be difficult to find students who need help with subjects you’re not particularly familiar with. Building a reputation for yourself as an expert in your chosen subject is important if you want to land lucrative contracts.
As previously stated, inflation is at record levels and while there are signs it may be easing, prices on just about everything are still going up. Congress has worked to pass legislation such as the Inflation Reduction Act to decrease the cost of living for American families. One way they have tried to do this is through creating more revenue opportunities for families. As a result, more and more people are looking for ways to make extra money online. Some prefer to hit the pavement running while others choose to slowly build their income through passive income streams.