As the world becomes more connected, people are looking for ways to make extra money online and stay connected to friends and family. Unfortunately, many people think that there is only one way to make money online – by selling products on Amazon. But, there are countless opportunities to make money online without needing to own a single product.
If you’re looking to make some extra cash, you shouldn’t be limited to one source. There are a number of ways to make money online that don’t require you to purchase anything, and some of them can even be fun! In this article, we will discuss six of the most popular online hobbies that you can engage in that will not only give you a way to make money, but will also allow you to have some fun.
1. Cryptocurrency mining
The popular and profitable cryptocurrency mining is one of the ways that anyone can make money online. You don’t need to have a lot of money to get started – in fact, the minimum investment to get started is only a few dollars. The return on investment can be high, and depending on the type of cryptocurrency that you are mining, you can make as much as a few thousand dollars per month. To give you an idea of how profitable cryptocurrency mining can be, we’ll use one of the most popular and well-known cryptocurrencies, Bitcoin.
If you’ve been paying attention to the news over the past year, you’ll know that Bitcoin’s price went up a lot – it currently trades for around $20,000 per Bitcoin. Now, depending on how much computer power you can afford to invest and maintain, you can make a good chunk of change. To calculate how much you’ll make, let’s look at the profitability of three different types of Bitcoin mining operations. The first type of mining operation is called Bitcoin Miners’ Club. With this type of operation, you don’t need to look for any specific cryptocurrencies – any type of digital currency will do. The second type of mining operation is more specific to Bitcoin, and we’ll call it Bitcoin Cash. Finally, the last type of mining operation is called Bitcoin SV, and it is the most profitable one. We’ll use the first two types of mining operations for our calculations since they’re the most popular ones. Let’s say that you decide to invest $100 in Bitcoin Miners’ Club and use a popular Bitcoin ASIC miner to mine Bitcoin. Your return on investment will be $200 per month, which at today’s BTC prices is $26,640 per year. If you follow the same pattern for Bitcoin Cash and invest the same $100, you’ll earn $266.40 per month or $32,640 per year. Last but not least, if you invested $100 in the Bitcoin SV mining operation, you’ll earn $400 per month or $49,600 per year. So, as you can see, Bitcoin SV is the clear winner here since it has the highest return on investment. But, remember – all three of these mining operations are extremely technical and require a lot of research and maintenance to be profitable. Just because you have an investment doesn’t mean that you can just pick up a hobby and expect to make money. You’ll need to put in the time and effort to learn the ins and outs of crypto mining to be able to make it a profitable venture.
2. Creating a YouTube channel
If you’ve been paying attention to the news over the past year, you’ll know that TikTok and YouTube are some of the most popular platforms among millennials and Gen Z. Now, if you’ve got a creative mind and can use your computer to tell stories, you can make a career out of being a content creator on YouTube. Creators on these platforms can make a lot of money – some channels report earning six- and seven-figure incomes. If you’ve got a creative bone in your body and can think of topics that you can talk about, then making a YouTube channel about those topics can be a lucrative venture. Not only will you be able to make money off memberships and live chats, but you can also make money off memberships and live chats for a YouTube channel about cryptocurrency mining.
3. Start a blog
Blogs aren’t just for fun these days – they can be quite the moneymaker when done right. If you’ve got a niche that you can write and promote about, you can make money online. Start a blog in your niche — whether it’s fitness, lifestyle or anything in between — and start writing about issues and topics that you’re passionate about. Once you’ve established yourself as an authoritative voice in your niche, you’ll be able to charge various organizations for consideration of their products or services in your blog posts. For example, if you’re a lifestyle blogger and you have lots of followers, you can offer your followers consideration for purchasing products that they feature in their blog posts. People love free stuff, and they’ll love to hear about products that they’re interested in. When you combine the power of a product review with the popularity of a lifestyle blog, you can make quite a bit of money. Just remember that establishing a blog takes a lot of time and effort – you’ll need to write consistently to keep the interest of your audience, and you’ll also need to make sure that you cover all the bases regarding SEO. There are tons of free tools like Google Analytics, which can help you establish exactly what your audience likes and doesn’t like about your blog content.
4. Start an Etsy shop
If you’ve been toying with the idea of becoming a freelancer or having a side gig, then Etsy is the perfect opportunity for you. Etsy is a popular platform among independent creators who sell their products directly to customers. You don’t need to set up a shop on Etsy – you can simply browse the listings and find products that you like. Let’s say that you’ve found a beautiful scarf that you really want to buy, but you don’t have the money – you can use an Etsy seller account to buy the item on your phone. The benefits of using an online marketplace to buy and sell products is that you can set up shop virtually anywhere you want. If you’ve got a laptop, you can set up shop on a coffee shop’s wifi and work remotely. You can use social media to grow your business – stay active on TikTok, for example, and you’ll be able to gain a large audience. If you use your profile to post videos about products that you’re selling, you can drive customers to your Etsy shop by simply tweeting about the products that you’ve featured in your videos.
5. Start an online store
Etsy is one of the most popular online marketplaces where creators can sell their goods. If you’ve got a product that you think would be a good fit for Etsy, then you can start an online store that sells only your products. When you have a product that you think would be a good fit for Etsy, you can start an online store that sells only your products.
To get started, simply navigate to Etsy.com and click on the Get Started button to the right of the screen. From there, you’ll need to pick a product that you want to sell and a currency that you’ll use to make the purchase. Let’s say that you’ve decided to sell swimsuits online – an item that you think would be popular on Etsy – you can use the site’s built-in virtual wallet to make the purchase. You can either use a credit card or a payment method that will be listed on your bank statement. Keeping both your bank account and credit card information private is essential to maintaining a good credit rating, which will prove to be beneficial when seeking financing for a business or buying a home.
6. Start a YouTube series
If you’re a bit of a storyteller and you have a creative eye, you can make a career out of making YouTube videos. Just remember that if you decide to make a YouTube series, you’ll need to keep the consistency high while also making sure that you’re adding value to your audience. First of all, you’ll need to film yourself telling an interesting story in a calm and collected manner. Don’t rush into recording your stories – take your time and plan it out. Once you’ve got the hang of it, you can start making videos about anything that interests you.