Inflation has reached record levels, while the economy seems completely paralyzed. Finding ways to generate more income than usual is now a necessity for most people.
Thanks to the pandemic and the subsequent shelter-in-place orders, unemployment is at an all-time high, and millions of people are now looking for ways to make extra cash. Fortunately, there are now solutions to this problem.
Thanks to the coronavirus crisis and the subsequent economic downturn, new industries have emerged to help people make some quick cash. One of these industries is MLM (Multi-Level Marketing).
Often, people think of MLM when they think of scams — but that couldn’t be further from the truth. MLM, like any other industry, has evolved to become more ethical and provide better products and services for its members.
Here are some of the best ways to make money online now:
1. Start an MLM Business
When the economy first started to struggle, people were looking for ways to make money online. Thanks to the pandemic, their options have now multiplied. If you’re looking for ways to make extra cash, why not look into MLM?
The good news is that starting an MLM business is easier than you’d think. Simply find a product that your customers want and need, and then create a sales page or website to promote it.
If you’re looking for products to sell, check out these top 20 MLM products that are still in demand during the pandemic. Many of these products are necessities for most people and thus have the potential to make you a lot of money.
One of the most successful MLM businesses right now is Beachbody. The company sells workout videos, many of which can be found for free in their members-only area. These workout videos have helped millions of people get in shape, and now that people are looking for ways to stay fit, Beachbody has created a six-figure income opportunity for those who want to get in on the action.
2. Start an Online Store
If you’ve ever tried to sell your products online, you know how difficult it can be to find customers. It’s like trying to find the needle in a haystack. That’s why so many businesses have started selling their products online. It’s the easiest way to get your products in front of customers.
If you’re looking for ways to make money online, why not consider creating your own store? You can sell all kinds of merchandise online, from jewelry to clothing and accessories to electronic items and more. The sky is the limit. You can even create multiple stores from one dashboard if you’re running multiple websites.
Shopify has a whole eCommerce store creation tool that makes it super easy to build an online store. If you’ve never done so, give it a try. With Shopify, you can easily create your store, configure your online store to work with all of the major credit cards (and the ones that you know and trust), and then you can start selling your products online. All without any previous eCommerce experience.
3. Start an Affiliate Marketing Business
If you’ve ever promoted a product or brand on social media, you know how lucrative affiliate marketing can be. Simply put, affiliate marketing is when you earn a commission when someone clicks a link or buys a product that is promoted on your website or social media platforms.
The great thing about affiliate marketing is that you don’t have to have a huge audience to generate revenue. In fact, you can get started with just a few hundred dollars and a few thousand clicks or purchases from happy customers.
There are plenty of affiliate marketing networks that can help you get started, such as LinkShare, which can help you build a business around affiliate marketing. You can also create a free account and start gaining experience.
4. Start an Online Learning Business
If you’re an expert in your field, why not go the extra mile and create your own online learning business? Many companies, such as Skillshare and Udemy, can help you discover a lucrative side hustle. With these platforms, you can create expert-level courses on a range of topics, from sales and marketing to web design and development.
If you’re looking for ways to make money online, why not consider creating your own online learning business? Many companies, such as Skillshare and Udemy, can help you create expert-level courses on a range of topics, from sales and marketing to web design and development.
5. Start a Newsletter Publishing Business
Another great way to make money online is to start a newsletter publishing business. You can do this simply by creating a blog, which you can then use to publish your own newsletters. Simply register your blog with Google’s Mail Chimp, and you’re good to go. You can then use your blog to promote affiliate products that you discover, as well as to publish interesting news stories and content.
If you want to get serious about making money online, consider creating your own branded newsletter. You can do this by registering your blog with Google’s Mail Chimp, and then using your blog to promote affiliate products that you discover, as well as to publish interesting news stories and content.
6. Start an Online Travel Agency
If you’re a big fan of travel, why not consider creating your own travel agency? Many people are looking for ways to make extra cash these days, and if you’re in the travel industry, the opportunity is at your fingertips. Simply visit affiliate marketing networks like Traveler – an agency that helps travellers make the most of their travels – and create your own travel agency.
If you want to get serious about making money online, consider creating your own agency. You can do this by visiting affiliate marketing networks like Traveler – an agency that helps travellers make the most of their travels – and create your own travel agency.
7. Start a Blog
If you’ve got a solid talent for writing, why not consider creating your own blog for money making opportunities? You can use a free platform like WordPress to build a blog around a range of topics, from beauty and lifestyle to travel and food. Once you’ve got your blog up and running, you can use affiliate marketing to promote any products or services that you discover or decide to go with.
If you’re looking for ways to make money online, why not consider creating your own blog? You can use a free platform like WordPress to build a blog around a range of topics, from beauty and lifestyle to travel and food. Once you’ve got your blog up and running, you can use affiliate marketing to promote any products or services that you discover or decide to go with.
8. Start An Online Store (Continued)
If you’d like, you can create additional online stores from the same dashboard in Shopify. It’s the perfect platform for any business owner who wants to expand their reach. Additional stores can provide a range of benefits, from allowing you to split test products and campaigns across multiple channels to giving you the flexibility to sell across different countries if you’re operating internationally. If you’d like to give it a try, click here to create your free account.
9. Start a YouTube Channel
YouTube creators can make a lot of money, and it doesn’t necessarily require you to have a massive audience. Simply create content that is informative, engaging, and most importantly, entertaining.
Many YouTube creators use their platform to educate their audience about various topics, from makeup tutorials to product reviews to animé. Some of the most successful YouTubers, like Michelle Phan, have literally hundreds of millions of views on their channel. If you’re looking for ways to make money online, consider creating a YouTube channel.
The great thing about YouTube is that you don’t necessarily need a massive audience to make a lot of money. Simply create content that is informative, engaging, and most importantly, entertaining.
10. Start a Podcast
Finally, we’ve arrived at the fun part. You’ve created a profitable business idea, built a website and digital platform around it, and have started generating revenue. How to monetize your business now? You can do this in a number of ways, but one of the most popular – and thus quite lucrative – ideas is to create a podcast.