In light of the recent developments with Covid-19, many of us are now thinking about ways we can make extra money. One of the best ways is to go online and create a money-making blog or website. While it may seem like an easy way to make money, it can be a bit more complicated than that. This blog post will tell you about nine legitimate ways to make money online, so you can start your very own money-making venture.
1. Affiliate Marketing
This is one of the oldest ways to make money online, but you will still find a large number of people doing it. In affiliate marketing, you will promote products (mostly affiliate products) and earn a commission when a product is bought through your affiliate link.
There are many affiliate networks, such as Amazon Affiliates, LinkShare, Commission Junction, and Google Affiliate Marketing, that allow you to choose from hundreds of products to promote. When someone clicks a product link or buys a product via your affiliate link, you earn a commission.
The best part of affiliate marketing is that you don’t have to go through all the trouble of actually selling a product. You just have to promote products that you believe in and that will create value for your audience. You can create highly targeted ads using affiliate marketing. For example, if you want to promote organic food to people in your local area, you can target ads to only that audience.
2. Start an Online Store
If you’re the creative type, you can start up an online store where you sell your artwork on canvas or vinyl as well as giftware and home decorations. Since your products are online, you can take advantage of drop shipping and eliminate the need to have a physical storefront.
When a customer makes an online purchase, you’ll receive the order and have the product delivered directly to the customer. This effectively cuts out any middlemen, and it costs you less money.
To be able to sell your artwork online, you will need to prepare multiple high-quality versions of your work. If you’re serious about making money online, it may be worth your while to invest in a graphics generator, such as Canva or Photoshop, to help you design your store and product images.
3. Start an Online tutoring Business
One of the first things people usually think about when they want to earn some extra money is tutoring. People often wonder if online tutoring is a legitimate way to make money, and for the most part, it is. You can take advantage of the fact that education is a worldwide demand. Remote teaching allows you to tutor students from anywhere in the world. Since you don’t need a physical location, you can take this opportunity even when you’re at home.
Not only is remote teaching a legitimate way to make money, but you also get to supplement your income with a side gig. Many online tutors also blog or write for educational websites, so you’re essentially getting paid to learn.
One of the most popular online tutoring platforms is Tutor.com. With over a million users, it’s clear that there is a large demand for online tutoring. If you are looking to start an online tutoring business, this is a great platform to do so on.
4. Start an Online Bookstore
If you’re the creative type, you can start up an online bookstore. The demand for online bookstores has seen an uptick as more and more people prefer to read books on their mobile phones. The iPad is a prime example of this, as people use it to read books and magazines. In fact, Over 50% of adults in the United States now read books on their mobiles.
An online bookstore provides a digital ink stain to traditional bookstores. You can download and read books in the palm of your hand, and you don’t have to worry about damage from water or oil. If you know how to run an online bookstore properly, you can use this to make a lot of money.
The advantage of an online bookstore is that you don’t need a physical store. You can set up automated shipping and payment processing, so you don’t have to worry about handling cash. Unless you’re meeting with students one-on-one, you can also stay home and work on building your business.
5. Start an Online Coffee Shop
If you’re the creative type, you can start up an online coffee shop. The demand for premium coffee has sky-rocketed in recent years, as people are researching coffee plantations and discovering its health advantages. As a result, online coffee shops have become a profitable business venture.
Many businesses operate as a service-based business. For example, if you want to sell your artwork online, you could do so as a digital print service. Essentially, you would take a design online and have it printed on canvas or paper.
If you know how to operate a coffee shop, you can use this to make a lot of money. You will need to prepare and serve high-quality coffee, and you will have to ensure that your customers are pleased with their drinks. Since many of the services offer a food outlet, you could do so alongside your coffee shop to offer a complete coffee experience.
6. Start an Online Travel Agency
If you’re the creative type, you can start up an online travel agency. The travel industry has shifted to online booking, as many airlines and travel agencies prefer to operate this way. If you know how to run an online travel agency, you can use this to make a lot of money.
Travel agencies that operate online can provide customers with access to hundreds of luxury travel packages. If you’re looking to make extra money, this is a legitimate way to do so.
7. Start an Online Real Estate Agency
If you’re the creative type, you can start up an online real estate agency. The real estate industry has shifted to online platforms, as many people are doing their home-buying online. Since real estate is such a fluid industry, you can use this to your advantage and create a stable income stream.
You will need to prepare and serve high-quality food, so be sure that you have the necessary training to prepare meals to a high standard. If you are an experienced cook, this may be a great way to make money online. Otherwise, you can take online real estate lessons and gain the knowledge you need to operate a successful home-buying business.
8. Start a Podcast
If you’re the creative type, you can start up a podcast. Many successful podcasts, including the Oprah Winfrey Network’s Power of Positive Thinking and ABC Radio’s The Weekly Roundup, are doing well and proving that this is a viable way to make money online.
Podcasts are a fantastic way to inform and entertain your audience with new content that you create. Once you’ve prepared your content, you can use a service like Podcast Ready to upload your shows to platforms like Apple Podcasts, Spotify, and Google Play. You should expect to see podcast earnings range from $500 to $5,000 per month, depending on your niche and the popularity of your podcast.
9. Start a YouTube Channel
If you’re the creative type, you can start up a YouTube channel. One of the first steps to creating a successful YouTube channel is to choose the right niche. If you’re looking to make money online, this is a great platform to do so. Just make sure that you don’t get too creative and end up going too deep into copyright infringement issues.
YouTube creators can make a lot of money, anywhere from $16,000 to $26,000 per month, depending on their channel’s popularity. The most popular channels can make up to $100,000 per month. The key to YouTube success is to build a following and then monetize your audience. After you’ve done this, you can use Google Adsense to place ads on your channel.
In case you’re curious, you could also create your own YouTube channel and use the platform to broadcast yourself giving motivational speeches or seminars on a range of topics, from business to self-improvement.
You might also want to check out CPA Network, which is the collective affiliate marketing network. Essentially, you get access to a group of affiliate marketers that will promote your product or service, and you get a cut when someone clicks a link or buys a product via a link on your site. You get paid per sale, so the more people that purchase your product or service, the more you make.