How to Make Money Online on Your Own Time

You have a big dream. You want to be able to make some extra money online to supplement your income, to give you the flexibility to travel the world or even just to pay off your student loans. You might even want to create a passive income stream to secure your financial position in the future. Regardless of the reason, you’re driven by the desire to make money online.

The catch is that you don’t want to become a slave to your computer, working endless hours to make pennies. That’s not going to bring you any happiness. You need a plan, a strategy.

In this article, you’re going to learn how to make money online on your own time, how to create a passive income stream so you can get ahead financially, and how to avoid the common pitfalls that could bring your income down. Just to be clear, we’re not advising you to quit your job or pursue this dream without thinking! We’re just providing you with some options that could help you along the way.

Focus On Fundamentals

You have a lot of choices when it comes to making money online. Some people prefer to get paid per post, while others prefer to get paid per click. Some do both. You need to find what suits you. Luckily, there are hundreds of ways to make money online without having to worry about what platform you’re using or how much traffic you’re getting. Instead, you can focus on building a strong foundation.

Building a successful blog means taking the time to learn the fundamentals of online marketing. In 2020, the importance of SEO cannot be over-emphasized. If you’re new to the field, start with basic SEO, like keyword research and on-site optimization. Once you establish yourself as an authority in your industry, you can move onto more challenging projects. Like Pay Per Click, which we’ll discuss below.

Passive Income

If you’re looking to create a steady source of income, you have several options. One of the best is to build a passive income stream. This can be a little bit of something extra on the side that creates a steady income. For example, you can start a blog that focuses on selling and marketing CBD oil and cream. You can use affiliate marketing to promote products you know are good to create a passive income stream. The beauty of this approach is that you don’t need to run around searching for clicks. The products you promote are going to generate the traffic and leads on their own. This is called product-driven marketing and it’s a proven method to make money online. You can also get paid per piece when you use your own personal writing to create content for various platforms. You can get paid to ask questions on platforms like Quora and LinkedIn’s Answers. If you have a knack for getting answers to complex questions, you can make a decent amount of cash online. You can use platforms like Survey Junkie to make money taking online surveys. There are hundreds of ways to bring in a little cash flow online without having to work more than 10 hours a week.

Monetizing Your Social Media Accounts

Another great way to make money online is to monetize your social media accounts. This could include setting up a Google Affiliate account, which will let you earn a commission when someone clicks a monetized link or buys a product that’s promoted on social media platforms. You can also use a tool like Revolver to connect your social media accounts and allow you to sell your followers’ attention on command. There are tons of tools like this out there, so you don’t have to run around searching for the best one. Just make sure you follow the rules and regulations surrounding monetized social media accounts.

Penny Stocks And Forex Trading

If you’re looking to create a passive income stream quickly and easily, you should consider investing in penny stocks and Forex trading. Penny stocks are essentially micro-cap stocks that are often seen as the junior or the lesser version of a traditional stock. These days, a lot of the big money is moving into Forex trading, which is short for foreign exchange trading. In Forex trading, you’re not actually buying a stock, you’re trying to predict the price movement of one or more currencies against each other. If you want to make a quick and easy buck, Forex is definitely the way to go. Building a strong foundation and using the above mentioned tools and strategies can help you get started quickly and easily. Just remember, the market can be extremely volatile and it’s not always easy to make a fortune fast.

The Downsides Of Blogging

While blogging is a fantastic way to make money online, it’s not for everyone. You need to keep your eyes open for the downsides. Here they are:

  • The competition is fierce. If you just started, you have little chance of breaking through the noise.
  • You need to have a steady hand at writing to make it as a blogger. If you’re looking for something that’s more of a snap-shot kind of thing, it’s not for you.
  • Blogs are not search engine friendly. If your aim is to drive organic traffic, you might want to look into other monetization strategies.
  • Blogs take a long time to build. Even if you’re just writing about your daily activities, you’re going to have to put the time in to establish yourself as an authority in your niche.
  • Building a quality blog takes a lot of work. If you’re looking for something that’s more of a money-maker, consider searching for affiliate marketing offers instead.
  • Blogs are not built to display advertisements. If you want to make money online, consider using a tool like ChaCha to discover affiliate products that you can promote from YouTube.

Choosing the right niche and creating content that appeals to an audience that cares about your niche is crucial to your success. Once you’ve done that, the next step is to build your following. As you can see above, there are many ways to make money online without having to worry about what platform you’re using or how much traffic you’re getting. Instead, you can focus on building a quality foundation.