If you’re looking for an easy way to make some extra cash, you’ve probably considered trying your hand at online trading. After all, with the right tools and some initiative, you can make a decent amount of money online without any special training.
You might be familiar with programs like Forex, where you essentially trade the dollar for the euro, or currency markets, where you trade one currency for another. Although this can be a viable option, it’s probably not the best choice for everybody. If you’re looking to make a passive income stream, you might want to consider trying something simpler and closer to home first.
Start A Blog
Blogs are pretty popular these days, and for good reason. They’re relatively easy to set up, and yet there’s always somebody offering something for sale. Whether you choose to take advantage of Amazon’s affiliate program or you decide to build a following and monetize your blog through affiliate sales alone, you’ll be able to make some quick cash.
Choose your niche, build your audience, and then monetize your blog. Once you’ve achieved a certain level of success, you can branch out and create further blogs to promote.
This is one of the more popular options for somebody looking to make money online without any special training, and for good reason. You’ll be introduced to affiliate marketing through a solid online marketing course, where you promote and sell other people’s products. You’ll be given an affiliate link to use and promote, and you’ll get commission for any sales you make.
There are plenty of products and services out there that you can promote and get paid to recommend. You can specialize in digital goods (like eBooks or audio books) or physical products (like groceries or clothing).
Start An Online Store
E-commerce is a big deal, and for good reason. Not only can you earn a commission from each product sale, but you also have the potential to make a neat chunk of change from an online store that takes its business elsewhere. You’ll need a server (a mini computer that stores and processes information online), a shopping cart software such as Shopify or Wistia, and a payment processor (a business that manages credit card transactions for you).
Setting up this type of income stream can be a task, and yet it can also be a profitable one. Depending on how much time you can spend, you could potentially turn this into a full-time income stream. If you have a bit of tech skill, you can even build and automate your store using platforms like Shopify.
Sign Up For A Money-Making App
There are plenty of apps and websites that can put a dollar figure next to your everyday activities. For example, KiKK, which stands for Keepin It Kindly, is a money-making app that helps users earn cash back on their online purchases. You’ll just need to link your debit or credit card to the app and begin earning.[Tweet ‘Sign up for a cashback app to make money’]
You can also try out Earnest, which is a free no-frills savings and investment app that helps users grow their money through a rooster system. You’ll need to make a decision whether you want to be an affiliate for a fee or whether you want to save your cash for discounts and deals.
Monetizing Your YouTube Channel
YouTube creators can make a lot of money, and for good reason. There are plenty of ways to make money from a YouTube channel, but typically, creators make money through ads or affiliate partnerships. With affiliate marketing, you’ll be building a list of potential customers, and then promoting products and services that you believe in. You can even create branded playlists of relevant content for your audience.
You might want to try making money with YouTube through affiliate marketing if you’ve already got a large audience on your channel. The more subscribers you have, the more opportunities there are to make money online.
Sell Your Photo Essiez
Selling your photos on social media is a popular way to generate income, and for good reason. You can make money online with photo essays, where you write an entire article around a series of photographs. Many of the top-performing photo essayists make a lot of money, and yet the opportunities are out there for anybody who wants to make a go of it. You’ll need to build up a following on platforms like Instagram and then utilize several different techniques (including paid advertisements) to drive traffic to your site.
Make Money With Survey Sites
Survey sites like Swagbucks, OneOpinion, and Ipsos iSay are the perfect places for folks to make a few extra bucks from home. You’ll need to complete online surveys to earn money, but you could potentially make a few hundred to a thousand dollars per month depending on how frequently you complete them.
These survey sites allow users to make money from home by taking surveys, so there’s always somebody willing to make a purchase. Plus, you can take surveys on your mobile device, so you never have to leave the house.
Start A Consultancy
If you’re an expert in your field, you can put that expertise to work and start a consulting business. You’ll need a business license, taxes, and other relevant documentation to get started (it’s also a good idea to register with the IRS as a sole trader).
Once you’ve secured your license and tax documentation, you can look for clients, work remotely, and set your own hours. For best results, you can specialize in a few areas, such as lead generation, sales, or marketing. If you’re looking for a more established name in your industry, you can become a freelancer for a company like Google or Facebook, where you’ll be providing market research, social media support, or other types of consulting services. Building a reputation as a specialist in your field is a great way to generate leads, and eventually, make money online.
Start A Dropshipping Business
If you’re looking to make money online without any special training, you can try out dropshipping. In this business model, you’ll be acting as a middleman, or retailer. When a customer makes an order, you’ll order that product from a third party (most often, a manufacturer, or wholesaler) and then ship it directly to the customer. If you’re a savvy marketer, you can even make money through online marketing, where you advertise and promote a product on social media or through email campaigns.
Creating a product that customers want is the key to success as a dropshipper. When you can get a product to sell, it means you’ve got a good product that people want and will continue to want.
Try Your Hand At Trading
If you’re looking for an easy way to make a quick buck, you’ve probably considered trying out online trading. However, there are numerous pitfalls that you need to avoid if you want to make a successful trade. For instance, if you’re looking to simply make money off the fluctuations in the market, you might want to consider alternative options.
If you’re looking to make a long-term investment, you might want to look into more established methods.
In any case, none of these suggestions are easy ways to make quick cash, but they all offer viable ways of generating extra income online. As long as you don’t expect to make an incredible amount of money overnight, most of these options should be able to generate a nice monthly flow of cash.