10 Ways to Make Money Online – Even in the Current Economy

With the current state of the economy, more and more people are seeking ways to make extra money. With so much unemployment, it is not uncommon for people to struggle financially. This is where online work begins to help. There are many ways to make money online even in these tough times, and if you’re looking to make a change, then this article is for you.

Try the Online Gig Economy

Over the last couple of years, the ‘gig economy’ has risen in popularity and provides an ideal way for individuals to make money online. Some of the most well-known platforms in this regard are Uber, Amazon Mechanical Turk, and Clickworker. These platforms allow individuals to complete tasks for businesses or organizations in need of some extra help. You may choose to work for a few hours a week and make a few bucks, or you could commit to working for a few hours a day and make a decent amount of money.

Try Online Marketplaces

Online marketplaces such as Amazon and eBay allow individuals to effectively sell their products on the Internet. These are just two of the most recognizable platforms in this regard, but there are many others including Chubbies, Fashion Bug, and Shopbop. Marketplaces allow consumers to discover a large range of products and choose what they want based on their personal preferences. This system tends to work well for those seeking to make extra cash because they can choose the products they want to sell and can work remotely.

Sell and Ship Products

If you’ve got a talent for creating products and selling them online, then you can make a nice chunk of change by selling and shipping products for entrepreneurs, small businesses, and even some larger companies. Some of the most popular products to sell online include candles, beauty and fragrance products, men’s and women’s clothing, and cell phones. You can even create your own product and sell it on one of the many platforms available online. Just make sure that you identify the appropriate rights for your product so that you don’t end up in a legal hassle.

Sign Up For An Online Brokerage Account

Many individuals who seek to make money online through active trading view online brokerages as essential components to their successful strategy. Through an online brokerage account, users can place trades in the stock market and track their performance. They can also access detailed market information and perform due diligence before making trades. Inevitably, some stock brokers are more reputable than others, so be sure to do your research before choosing an online brokerage to work with. Keep in mind that the convenience of trading online can lead to significant losses in the long run if you’re not careful.

Start An Online Store

Creating an online store that sells unique and handmade products can be a great way to make extra cash. Etsy is the most popular platform for individuals seeking to start their own online stores, and the ability to connect with thousands of potential customers allows you to grow your business quickly. With Etsy, you don’t need a large capital investment because all you need is a computer, an internet connection, and a credit card to get started.

Try Peddling Your Goods On Social Media

When people are seeking goods and services on social media, such as Facebook and Twitter, you can offer your services of selling products online. Through a service like Google Shopping or Facebook commerce, which are built directly into the Facebook and Twitter platforms, you can target your ads based on previous purchases and engagement on social media. This allows you to connect with possible buyers who are already interested in your products.

Become A Virtual Assistant

If you’re a fast typer and are good at taking instructions, then you might consider doing some virtual assistance for a company. You might get paid per task or per hour and get to set your own hours. Some of the companies that you can work for include eBay, Genuinely Human Marketing, and Virtual Asst. Get a qualification in communications online to better position yourself for this type of work.

Use Your Skills To Land An Online Job

If you’ve got a specific skill that could be beneficial to a company or organization, then you can put that skill to work for someone else. Be sure to do some research before committing to a new gig because you’ll most likely be working remotely and will need to be available to attend meetings. You might get paid per task or per hour and can set your own hours, so make sure you’re comfortable with this type of work arrangement.

Start An Online Magazine/Blog

In some of the more niche fields, people are still seeking to make a living off their passion. If you’ve got a skill for creating and/or writing, then why not use that skill to create your own online magazine or blog? You can work remotely and put your skills to work for you. If you’ve got a decent amount of experience in a particular subject matter, then make sure to connect with the right people in your niche to get some advice or endorsement for your work.

Work Online For An Investment Firm

Many large companies and well-known brands seek to engage with consumers through online channels. For instance, look at the financial services company Amerifreight. They’ve got websites, blogs, and social media accounts that they use to communicate with customers. When seeking to make extra cash in these uncertain times, you can consider working for an investment firm that has an online presence. You may be able to get access to some good deals or make money from selling and shipping stock. Just make sure that you’re legally allowed to work in the United States.

Try Crowdfunding

If you’re seeking to raise capital for a business or project, then you can take advantage of tools designed specifically for that purpose. The world of crowdfunding is filled with potential investors who are looking to back high-quality startups. Be sure to look at different platforms and understand the necessary steps to take to get your project funded.

At this point, it would be wise to reiterate that no matter which of the above methods you choose, make sure to take the time to understand how to properly approach the task. While some of these may be passive forms of income, you will inevitably have to do some form of marketing to bring in revenue. You might want to consider implementing a lead-generation strategy, building a web presence, or starting an online store. Ensure that you’re familiar with the various legalities surrounding each one of these methods so that you’re not caught off guard by a lawsuit. If you want to make extra cash in the coming months, then consider looking into ways to monetize your talents, whether they be online or offline.