If you’re looking for a way to make money while still being a minor, there are plenty of opportunities available online. But not many people know what these opportunities are and how to take advantage of them. That’s why it’s crucial that you learn the ropes now before you turn 19 years old. The world of online opportunities is a lot bigger than you think it is. And it’s definitely worth learning about.
There are various ways that you can generate a steady income stream online. Some of these ways are more legitimate than others. So it’s important to do your research and learn about the opportunities available to you. Minors usually have the best odds of securing legal online platforms. Nonetheless, understanding the nuances behind the rules and regulations is critical to make sure that you’re not exploited by scammers. Unfortunately, some of the more popular opportunities for minor income might be scams. So it’s important that you learn to spot these kinds of situations from the outset. With that in mind, here are some of the ways that minors can make money online.
1. Selling and Reviewing YouTube Videos
YouTube is the world’s largest video-sharing platform. It’s also one of the most popular websites among United Kingdom users, as well as a staple of the American digital landscape. In fact, it’s so popular that the platform itself is valued at nearly $500 million.
Whether you’re a wannabe YouTuber or just want to make quick cash off of friends’ video content, there are plenty of opportunities to do so on the platform. In 2020, YouTube creators made $24.95 billion off of their videos. In 2021 alone, YouTube creators earned an estimated $25 billion from advertising and subscription revenue alone. If you’ve got a talent for making videos involving gaming, lifestyle, or music, you can easily make money online. In fact, there are plenty of opportunities to do so.
The reason why YouTube is a goldmine for opportunists is because of the platform’s algorithm. The algorithm favors content that generates watch time and engagement. As a result, simple and entertaining content tends to do really well on the platform. And when it comes to making money, entertaining content usually translates to ad revenue.
In 2020, TikTok was the second most valuable social media platform, only behind Facebook. With over 500 million users, it’s clear that people are flocking to the platform in droves.
The popular app’s main revenue streams come from sponsorships, live chats, and most notably, user-generated content (or “content generation”). Content generation allows users to become “influencers” within their networks. These individuals often go on to become celebrities, commanding massive followings across all social platforms. If you’re a skilled video editor, you can easily become an influencer for major brands, launching your own content creation channel.
2. Start An Online Store
For those who want to make money online but don’t want to do so through YouTube, Etsy is the next best platform. If you’ve got a niche product that you think will be in demand, you can start an online store selling those products. And the best part is that you don’t need a huge inventory to start making sales. You simply need a website.
For instance, if you’re especially talented at creating cute bunny ears for your friends, you can launch a shop on Etsy selling those cute ears. In fact, you could even create a whole line of animal ears for children and pets. The world of Etsy is a goldmine for talent, as the platform itself is looking for ways to evolve beyond just being a platform for small businesses.
If you’ve got a creative eye and love to sew, you can easily make some extra cash through a side gig. It’s a win-win scenario. You get to create something unique while also making money. If you’ve always wanted to try your hand at sewing, this is the perfect opportunity to do so. And if you want to make a little extra cash, you can even sign up to be a virtual assistant for a business or a private individual. You’ll be helping them to run their business or personal lives, and in return, you’re getting paid.
3. Start A Blog
Blogs are a great way to make money online. And with so much competition, it’s an ideal opportunity to set yourself apart from the crowd. If you’ve got a niche that you know is popular, you can start a blog around that topic. You can even make money off memberships, ads, and affiliate marketing. (We’ll discuss affiliate marketing in more detail below.)
Blogs aren’t just about sharing your expertise with others, they can also be a lucrative source of income if used correctly. If you’ve got a personal or professional blog around hobbies, collections, or general lifestyle, you can easily expand your readership and find a niche to fit your talents. In 2020 alone, bloggers made $24.95 billion from their platforms, a number that’s sure to grow in the coming years.
One of the best things about blogs is that it doesn’t necessarily demand a lot of technical expertise. All you need is a computer and a passion for writing. Even if you only have a few passionate followers, you can still do quite well. If money is no object to you, consider exploring the lucrative world of affiliate marketing.
4. Sign Up For A Trial Membership
If you’ve ever shopped at an online store that offered a trial membership, you might have heard of Clickbank. At least, you’ve probably seen the giant orange button that’s associated with the platform. Signing up for a trial membership at Clickbank is very easy, and it’s a great opportunity to make money online. Simply find an affiliate product that you can promote, and you’ll be set to make money online. (Pro-Tip: Look for products that are already popular and have a high rating.)
What’s great about this option is that you don’t need to actively seek out potential customers. You simply need to find a product that people are already searching for and that you can easily promote. Then, you’ll simply need to convince people to purchase that product through your affiliate link. Once they make the purchase, you’ll be rewarded for your efforts.
If you’re looking for a way to make a few extra bucks, pursuing a trial membership at an affiliate marketing platform might be a worthwhile option. But you need to make sure that you’re not being tricked by scammers. One effective way to do this is to read reviews of the product before committing to purchase.
5. Start An Online Newsletter
If you’ve got a sizable audience, you can start an online newsletter around any hobby, lifestyle choice, or topic that you know will be of interest to your audience. If you can consistently keep your subscribers interested with content that’s both relevant and interesting, you can easily grow your audience. And let’s be honest – everyone loves getting an email newsletter at the end of a long day. It’s a quick and easy way to stay informed about what’s going on in the world.
As a potential affiliate marketer, you’ll need to find products that are relevant to your niche and that your audience will be interested in. If you can, start your own blog around a hobby or interest of yours. If you’ve got a large social media following, consider creating and curating videos around a specific theme or topic.
Once you’ve got your foundation in place, start looking for products that you can promote on social media. Then, simply find relevant email subscribers for each platform and start building your list. With your list in place, you can then leverage it into a monetized newsletter.
6. Start An Online Store (Part 2)
If you’ve ever tried to sell your own goods through an online store, you might know that it can be tricky finding the right suppliers. Fortunately, there are plenty of platforms that make this part of the process easy. Shopify, Bigcommerce, and Woocommerce are a few of the most popular ones. And instead of having to go through a middleman to sell your product, you can directly negotiate deals with other businesses. This saves you both time and money. (Pro-Tip: Look for online stores that are already doing well in your niche and have a large audience. This way, you’re sure to find a market for your product.)
If you’ve ever started an online store before, you know that the process is not as easy as it seems. It requires a lot of work to get things going and make sales. But with the right planning and management, it’s definitely worth it.