In today’s world, money is no object, especially when it comes to luxurious purchases such as cars, travel, and luxury goods. As a result, the standards for rich people have risen, and the standards for poor people have fallen. So it’s more important than ever to be able to make money. In recent years, however, the traditional ways of making money, such as working for a large company or applying for a high-paying job, have lost their luster. Thanks to the rise of the sharing economy, online freelancing, and contract work, there are now ways to make money even when you’re locked inside your house.
The Sharing Economy
The sharing economy is a type of economy where instead of buying one product and having it owned by a company, you share the ownership of that product with one or more other people. This can either be done completely online or through an app (or website). Essentially, you’re renting out your assets (i.e. your car or your house) to make money. While this may not sound like a viable way to make money, the sharing economy has actually proven to be one of the best opportunities for individuals looking to make money online.
Thanks to the sharing economy, busy individuals are able to make money online without leaving their homes. If you’re a talented writer, designer, or marketer and can dedicate a few hours per week to online freelance work, you can make decent money online without losing any sleep. There are various platforms (i.e. Upwork, Fiverr, and Amazon Mechanical Turk) where you can find freelance work, and you should research them before committing. Once you’ve found a suitable platform, simply find projects that interest you and apply to join the relevant community.
Thanks to the sharing economy, remote work is now viable. That is, you can take advantage of the fact that your services are needed (and can be provided) from a distance. For example, you can write web content for clients in Canada or the UK while living in Hong Kong. Thanks to the wonders of the internet, you can find a variety of online work-from-home jobs that you can do from the comforts of your home.
Start An Online Store
If you’re looking to make money online, it’s best to first explore ways to make money from an existing business. There are numerous ways to make money from an existing business, such as becoming an affiliate marketer, starting a drop-shipping store, or selling and shipping your own products. One of the simplest ways to make money online is to start an online store. With an online store, you simply need to find a product that is profitable and can be converted into digital or physical products. You’ll then need to explore ways to sell that product online. You can use various platforms to sell and ship the products you’ve stocked (i.e. Shopify, Dropshipping, and Big-Commerce). A good rule of thumb is to focus on one type of product (i.e. apparel, accessories, home wares, etc.) and only stock items that sell well and can be easily converted into other products. For example, you can start an online store for women’s clothing that uses print-on-print combos, graphic tees, and hoodies. To start generating income, you can use various affiliate marketing strategies to promote and gain revenue from a variety of products (i.e. Amazon, eBay, and Shopify).
Make Money With Affiliate Marketing
If you’re looking to make serious money online, affiliate marketing can be a lucrative option. That is, you’ll earn commissions from products (and sometimes also businesses) that you promote on your website or social media platforms. There are numerous ways to make money from affiliate marketing, such as:
- Running an online store
- Becoming a dropshipper (i.e. selling and shipping your own products)
- Managing a blog (i.e. monetizing content)
- Acting as an affiliate marketer for a variety of companies (i.e. Amazon, eBay, and Shopify)
If you’re interested in learning more about how to make money online, you should review the following resources: