In this article, you will discover 5 ways to make money online helping others. Some of these methods require a significant time investment, but with the right mindset, dedication, and persistence you can surely succeed.
1. Build a reputation as an expert
The first way to make money online is to become an expert in your field and then build a reputation and platform around that expertise. You can specialize in certain areas of technology, marketing, sales, or management and become the go-to person in your industry for the questions surrounding those topics. You can even become a thought leader in your industry and gain credibility with the bigwigs in your field. The more you contribute, the more you’ll gain in credibility and revenue.
There are many ways to do this, but one of the best and most effective methods is to simply start a blog. If you’re interested in pursuing this route, check out our complete guide on how to start a blog for competitive analysis.
2. Start an online shop
An online shop is where you can sell your products directly to customers without needing to go through a middleman. Depending on the type of products you sell, setting up an online shop and getting the necessary credentials to sell online can be rather challenging. You will need to consider the type of website you want to use (eCommerce, Squarespace, etc.), the payment options you offer (credit card processing, Paypal, etc.), and whether you want to set up your shop in the U.S. or internationally.
3. Start an online tutoring business
If you’re an expert in your field and can teach others how to become experts, you can start an online tutoring business. You will need to consider the level of expertise you have (do you have a master’s degree or are you simply an expert in beginner’s level?), the subject matter you’ll be teaching (marketing, economics, etc.), and how much you’ll need to invest in materials and equipment. While there is certainly a lot of demand for online tutors, you need to consider the fact that it can be quite difficult to establish trust with your customers if you’re expecting them to pay you without any proof of previous instruction or learning experience.
This is why you need to make sure you develop an objective and transparent tutoring method. Also, make sure you have a clear plan for establishing and maintaining your credentials as an online tutor.
4. Start an online teaching business
An online teaching business is very similar to an online tutoring business, but instead of teaching others how to be experts, you will be teaching others how to become entrepreneurs. You can teach people business strategies, marketing, or even software development and get paid per lesson or per project. There is a lot of demand for online teachers, but you need to approach this opportunity with caution. While it’s always nice to be able to teach others, make sure you’re aware of your responsibility in establishing and maintaining a professional relationship with your students. A part of your contract or agreement with students should include a no-bullshit approach and a professional demeanor.
If you decide to go this route, make sure you have a clear plan for establishing and maintaining your credentials as an online teacher. Developing a course or curriculum to follow will also help establish consistency and provide you with a clear method for measuring your progress and earning your paychecks. If possible, get certified by a reputable accrediting agency such as the International Association of Privacy Professionals (4A’s) or the American Association of Advertising Agencies (4A’s).
5. Start an online magazine
An online magazine is where you can write and publish articles on a variety of subjects, mainly relating to business and technology. The great thing about an online magazine is that you don’t need to have a large audience to make money. In fact, you can quickly establish yourself as an authority in your industry with just a small and dedicated community. You can write about topics you’re an expert in, and earn money off the back of your knowledge. You can also use your blog as a form of an online magazine. The great thing about a blog is that it can be both informative and entertaining, making it a fantastic medium for both publishing and earning. Consider looking into podcasting, too, which you can do through platforms like Anchor, Podbean, or even Google Podcasts.
As you can see, there are many ways you can make money online. But finding the right opportunity for you means knowing what you’re looking for and being able to articulate your needs and wants. Sometimes, it takes some research and legwork to find the perfect fit. But once you do, the money begins to flow and it’s all thanks to hard work and (mostly) smart thinking.