If you’re looking for ways to make extra cash, you’ve probably considered doing some online copywriting for the sake of earning a few extra bucks. But while it’s easy to get started with, paying your mortgage every month with your copywriting income isn’t something to strive for. Luckily, there are other legitimate online income sources that can be just as profitable as copywriting—if not more so.
Consider investing in stocks and other stock market instruments. Market instruments, including stocks, are one of the most reliable and secure ways to make money online. By investing in the market, you’re essentially placing a bet on the future direction of a company or market as a whole. If you’re lucky, you could make a lot of money quickly—but you’ll also have to wait a long time for your returns.
Start a blog
Blogs aren’t just for fun these days. They can serve a brand, help drive traffic to a store, or just provide interesting content that draws readers in. When you establish a profitable blog with an engaged audience around an important topic, you have the opportunity to make a lot of money from affiliate marketing.
The affiliate marketing potential with a blog is massive. Blogging platforms like WordPress give you the flexibility to establish yourself as an expert in your chosen field and to engage with your audience through your content. If you focus on establishing yourself as an authoritative voice in your industry, you can use your blog to attract potential customers to your site. Then, when they’re there, you can market them products that are relevant to what they’re interested in reading about.
The advantage of having a blog is that it gives you a space to experiment with. If you’re new to affiliate marketing, you can run quick tests to see what works best for your audience. Plus, you can use your blog to build a brand that is synonymous with excellence in your industry. For example, if you’re a fashion blogger, you can use your blog to establish yourself as an expert in style and fashion. Over time, you can grow your blog into a reference for fashion and style – and one day, you might even decide to launch an e-commerce store that sells products related to your blog’s content.
Start an online store
Online stores that sell affiliate marketing products are becoming quite popular. With the right set of tools, you can set up a store in less than 10 minutes and start making money right away.
The advantage of having an online store is that you can reach a much larger audience than you could with just a blog. So, if you’re looking to make money online, you should consider establishing yourself as an expert in your industry and using your digital footprint to reach a wider audience. Over time, you can use your store to enhance your blog’s content by featuring products that are relevant to what you’ve written about. You can also use your store to sell and promote products and services that are relevant to what your audience is interested in.
The fact that these stores are digital gives them the ability to be accessed from almost any device. This is a significant advantage when trying to attract potential customers to your site. Regardless of whether you’re viewing the site on your phone, tablet, or laptop computer, you’ll get the same great experience. In addition, many of these stores offer 24/7 customer support via phone or live chat – something that is almost impossible to find with a brick and mortar store. Finally, considering the amount of content that you can incorporate into a digital store, you have the opportunity to greatly expand your reach and make a bigger impact than you could with a physical store alone.
Sign up for a gig-working platform
There are a variety of platforms designed for online gig work. For example, Amazon Mechanical Turk is a place you can take on small tasks for businesses across the globe. They might include moderating content, taking a survey, or transcribing audio. The key is that you get paid per piece and do not need to sign up for any special gigs – all you need is a computer or mobile device and an Internet connection.
The advantage of working for a business rather than doing it yourself is that you get a steady paycheck and you don’t need to worry about finding the right clients. Plus, you get to choose your own hours – making this option ideal for those who need to balance work and family life.
If you’ve got specialist knowledge that can be useful to other business people – whether you’re an expert in marketing, sales, or technology – you can make money online by providing your services to companies in need of help. If you’re an expert in digital marketing, you can start a blog that focuses on helping businesses with online marketing – whether that’s setting up websites, analyzing marketing data, or carrying out SEO campaigns. In this way, you’ll be able to combine your specialisms and provide strategic advice to companies in need of a fresh perspective.
One of the most popular sources of consulting work is Elance, which is a freelancing platform similar to Upwork. Elance is a place you can take on short-term projects for businesses across the globe. They might include doing technical support, handling online orders, or moderating content. You get to choose your own hours, so if you can find the right fit, this could be a great way to make some extra cash – without having to worry about getting bored or stuck in a rut.
Selling and shipping
Another way to make money online is to become a merchant and sell your own products. You can either do this yourself using a stock marketplace like Amazon or eBay, or you can use a platform like Dropshipping that enables you to do this on a much larger scale. In dropshipping, you essentially operate a storefront. When a customer makes a purchase, you order the product from a third party (most often a manufacturer or wholesaler), and then ship it directly to the customer.
The only thing you need to get started is a storefront (either physical or digital), a laptop or desktop computer, and an Internet connection. You can then use marketplaces like Amazon or eBay to establish yourself as an authority in your field and to grow your business – eventually, you might even decide to create your own online store to sell and ship your own products.
Selling and shipping aren’t done yet
At this point, you might be wondering why we’re only mentioning ways to make money online. Selling and shipping are definitely legitimate sources of income, but they can be cumbersome – and in some cases, outright dangerous. If you decide to go down this route, make sure you’re aware of all the legal obligations that come with operating a business.