Since the Great Recession, many have turned to the online world for ways to make extra cash. And so they should; the job market hasn’t been the same since 2009.
The trick is finding ways to make money online that will supplement your existing income. If you’re looking for ways to make money in 2018, here are 10 Online Businesses to Make Money in 2018.
1. Affiliate Marketing
There are hundreds of ways to make money online, but probably the most tried and true method is affiliate marketing. Basically, you write an article or create a video to share with others. Then, you tell them what product you’re promoting and make a commission whenever someone clicks a referral link or buys a product after watching your video.
The great thing about affiliate marketing is that you only have to invest capital in creative content, not expensive storefronts or warehouses. Also, you only need to gain a small audience before you can monetize your content.
2. Start an Online Store
If you’re looking to make money online in 2018, the next step is to create an online store. There are dozens of ways to make money from an online store, but the most common method is to sell and ship your own products. If you can create a good store with a nice selection of products, you’ll be able to draw in customers from all over the world.
To start an online store, you’ll need a website, a payment processor (such as Stripe or PayPal), a fulfillment house (such as Amazon) and some products to sell. It’s not difficult to find a product that will sell well online. You can either build your own product or partner with a company that has a wholesale product that you can integrate into your website.
3. Start an Online Newsletter
An online newsletter is similar to an online store in that you’re selling a product (in this case, information) to your audience. The difference is that customers come to you rather than you having to go to them. In addition to selling information, you can also give away free stuff or discounts to boost your subscriber count.
One of the simplest ways to get started with an online newsletter is to grab a free trial of a tool like MailChimp or Marketo. Then, you can use their drag and drop email newsletter builder to create a beautiful email that will draw in curious subscribers. Once you have a small audience, you can use your own email list to send out newsletters with tips and tricks on how to make money online.
4. Start an Online Reviews Site
Online reviews are absolutely critical if you want to make money online in 2018. People look to online review sites to find information about products and services, and if your site is filled with positive reviews, it will greatly increase your credibility in the eyes of your audience. Also, if someone writes a bad review, it can damage your credibility, especially if the review is highly critical.
There are several review sites that you can get started with, including Wirecutter, Goodreads, and Yelp. Each site has its own unique ways to get your product or service reviewed, but most will accept affiliate links to promote a product or service that you believe in.
One important thing to keep in mind when starting an online reviews site is to make sure that you’re providing valuable information. If you go overboard and start raving about everything that you’ve tried, people will be able to tell that you’re just trying to make money off of affiliate links and don’t have the courage to actually say that you dislike something. In fact, if you’re genuinely passionate about a product or service, you can sometimes become too enthusiastic and scare off potential reviewers.
5. Start an Online Community
An online community is a group of users who come together to solve problems or engage in social activity. You can create your own online community to help solve problems or provide helpful tips and tricks on how to make money online. For example, you can create a space on Twitter for people looking to make extra cash by sharing helpful tips or you can create a Facebook group for people who are trying to start a business online.
One of the simplest ways to get started with an online community is to use a tool like Discord or Skype to create a space where people with shared interests can connect and engage with one another.
6. Start an Online Store (Part 2)
So far, we’ve discussed creating an online store or marketplace to make money online, but there are several different ways that you can create an online store without using any tools aside from your web browser. If you’ve ever sold your own artwork or wanted to create a platform to sell and buy stock photos, you’ve probably considered doing so online.
One of the simplest ways to get started with a product-focused store is to take advantage of affiliate programs, which reward you whenever someone clicks a product link or buys a product after watching your video. If you want to create a clothing store, for example, you can use an affiliate program to promote a stylish and affordable over-shirt that you believe in. And since clothing stores can be expensive to maintain, you can use affiliate programs to generate a small income stream while you focus on growing your business.
If you want to sell your own artwork and want to create a platform to display and buy your work, you can use a tool like Etsy to start an online store. Etsy is a global marketplace that allows artists to sell their artwork online. Also, you can use tools like Dropcloth or Minted to create beautiful wrapping paper, packaging, and more.
If you’re looking to create a lifestyle blog, you can use a tool like Stitch to launch an online store where you can sell and ship your own products, such as clothing or accessories that you’ve created or purchased. With Stitch, you can integrate a shopping cart with your blog so that your readers can easily purchase what you’re promoting.
7. Start an Online Store (Part 3)
If you’re looking to create an online store to make money in the near future, the final step is to pick a niche, build your audience, and then test your product or service. Before you begin your brand-building journey, determine if affiliate marketing is right for you. If you’re looking to create a clothing line, you might want to consider an affiliate program, but if your goal is to become a literary agent, you might want to pursue other means of generating income.
To help you choose affiliate marketing as your go-to method for making money online, we’re going to walk you through the steps of creating an affiliate marketing website in no time at all using a tool like Amazon Affiliate Program Manager. Once you’ve signed up for the Amazon Affiliate Program, you’ll be able to easily create a compelling website using their drag and drop tool, which makes it easy for anyone to follow along.
On the next page, you’ll see a colorful button. Click on that button to continue. Then, hit Continue to the next page. On the next page, you’ll see a button with a plus sign next to it. Hit that button to continue.
On the next page, you’ll see a button with a clock icon next to it. That’s the Continue button. When you hit that button, you’ll be taken to a page with a large button reading Begin Setting Up Your Website.
On the next page, you’ll see a button with a gear icon next to it. That’s the Continue button. When you hit that button, you’ll be taken to a page with a large button reading Begin Building Your Website.
Finally, on the last page, you’ll see a large green button. That’s the continue button. When you hit it, you’ll be brought back to the homepage.
If you’ve managed to click on all the right buttons and followed the steps, you’ll end up on a page that looks like this:
As you can see, we’re now parked on the Amazon Affiliate Program website. But, before you go any further, it’s important to remember that this is just a landing page and you’ll need to step one button click away from getting your own website. If you want to continue past this point, you can hit the Continue button located next to the gear icon. Or, you can hit the large green button to stay on this page.