So you want to make money online but don’t have any experience? Don’t worry, we’ve got you covered. In this article, we will introduce you to several ways you can make money with your free time online. Some are more suited to seasoned entrepreneurs, while others might be appealing to a more adventurous spirit.
Lending Money On Line
Lending money on line is one of the simplest ways to make some extra cash. All you need are a few clicks of the mouse and a few hours of your time. As a lender, you’ll be compensated for your efforts with up to 9% interest per annum.
The best part of this process is that there’s no upfront fees. So, even if you don’t make any money, you’ll still earn some decent interest. It’s essentially a win-win scenario.
Affiliate Marketing
If you’ve ever shopped online, you might have heard of affiliate marketing. In this strategy, you’ll earn a commission (typically around 15% – 30%) when someone clicks a monetized link or buys a product that’s promoted on your behalf. The vast majority of affiliate marketers specialize in promoting digital goods (such as e-books or software) because they’re easier to scale than traditional goods (such as clothing or furniture).
This might be a good fit for you if you enjoy spending your time researching and recommending products that you think will be valuable to your readers. The typical affiliate marketing funnel looks like this:
- You’ll create an affiliate marketing page (or blog post) that promotes a product or service you believe in.
- When a reader clicks a monetized link (or buys a product promoted on your affiliate page), you’ll earn a commission.
- You’ll then use that money to fund further product research and development or to pay off your debts.
You’ll need to have a sizable audience before you can make a decent amount of money from affiliate marketing. Once you reach that point, however, the rewards can be quite lucrative. Earning a passive income stream is the dream of many investors and entrepreneurs.
Penny Staking
Penny staking is one of the simplest ways to make money online. All you need to do is sign up with a reputable platform like Infinitesim (formerly Cash App).
Once you’ve registered with Infinitesim, you’ll see an option to start receiving payouts as soon as someone clicks a staking link you’ve provided. You’ll earn 5% of what they spend on the platform on your behalf.
The best part about this strategy is how little you need to start making money. You won’t need any special training, just a little bit of patience.
Copywriting
Copywriting is one of the most in-demand online professions. Demand for copywriters far outstrips the number of skilled professionals working in the field.
So, if you enjoy writing and have a knack for getting your point across clearly, you might want to consider pursuing a career in copywriting. You’ll need to have excellent grammar and spelling, as well as an affinity for language. If you can, you should also consider pursuing a BA in English or Creative Writing to further your career prospects.
You’ll start out as an apprentice for a larger company, which will give you experience and allow you to build your portfolio. From there, you can freelance or take on larger projects, gaining more experience and proving your worth to potential future employers.
Selling And Marketing Your Own Product
If you’ve got a product that you think could be helpful to someone, you might want to consider marketing and selling it yourself. You can take advantage of the online store platform (e.g. Shopify, WooCommerce, etc.) to build an eCommerce store. Then, you can use various strategies to market your products (e.g. affiliate marketing, crowdfunding, SEO, etc.).
The important thing to keep in mind is that you’re in full control of how your products are marketed. You won’t need to rely on a third party to get customers for you. Instead, you’ll be responsible for generating interest and promoting your product.
Creating a product that people want is one of the most important keys to entrepreneurial success. If you can do that, then marketing and selling your product (or service) becomes a rather straightforward task. Plus, you’ll be able to enjoy the benefits of direct communication with your audience.
Crowdfunding
Crowdfunding is one of the newer forms of online money making. Essentially, you’ll use various platforms (such as Kickstarter, GoFundMe, etc.) to raise money from a large group of people (typically, internet users) for a specific project or passion of yours.
Similar to affiliate marketing, crowdfunding is a great option for those looking to build a portfolio and make some additional money online. The vast majority of crowdfunding platforms will allow you to set the amount of money you’re looking for, as well as the amount of money you’re willing to loan. So, in effect, you’ll be placing an ad or a pitch for a product you think people will want (e.g. a travel guide, a special edition of a monthly magazine, etc.).
The important thing to keep in mind about crowdfunding is how little you need to start making money. You won’t need a huge audience to succeed. Many successful entrepreneurs, businesspeople, and even complete unknowns have used crowdfunding to gain notoriety and to prove their concept to potential investors.
With so much competition and so many people trying to make money online, it’s imperative you stand out from the crowd. Luckily for you, we’re here to help with some proven methods you can use to make money online without any experience at all.
Hopefully, these suggestions for ways to make money online will give you some ideas for your own financial freedom journey. If you’ve got other suggestions or methods you think could help someone else, feel free to leave us a comment below! We’d love to hear from you.