In recent years, the economy has shifted towards online commerce. More and more people are buying products and services online rather than in person. This trend has opened up a lot of potential to supplement your income and make some extra cash.
While it’s always great to have extra cash, it’s not such a good idea to put yourself in financial risk when making money online. That’s why we’ve put together this list of risk-free ways to make money online. Here are some of the safest and most lucrative side hustles you can do online today.
1. Start An Online Store
One of the easiest ways to make money online is to start an online store. There are plenty of platforms like Shopify, BigCommerce, and Volusion that make it easy to set up a web store. All you need is a domain for your store (volusion.com, for example), an email address, and a product to sell.
Once you’ve got your store set up, you can start promoting and selling your products. You’ll likely choose an affiliate program like Amazon Affiliate Program to make money online. You’ll be rewarded for driving people to a store to make a purchase. You don’t need a big inventory to make any money. You’ll simply need to find a product that people are looking for and can afford. Small online stores make a lot of money and offer a lot of flexibility.
2. Start An Online Survey Company
A lot of people love to dabble in online surveys. You can get paid to take surveys and give your opinion. Since online surveys don’t require a physical presence, a lot of people around the world do them. Survey companies like Swagbucks, OneOpinion, Survey Junkie, Ipsos iSay and Ipsos iSay Pro have made it easy for anyone to get started taking online surveys.
If you’re looking to make a quick bucks, start a survey company. You’ll be able to choose from a variety of survey platforms and get to work. Swagbucks doesn’t pay very well, but if you’re just getting started, it’s a great opportunity to make some extra cash. You’ll still need to find and maintain your own survey panel, though.
3. Start An Online Marketing Agency
If you’ve got a creative mind, you can start an online marketing agency and offer paid marketing services to businesses. You’ll be designing online stores and landing pages, creating social media campaigns, and running email marketing campaigns for clients. You’ll use platforms like HubSpot and MailChimp to make this all happen.
This is a great option for someone looking for flexible hours and the opportunity to work remotely. You can find a virtual assistant to help you navigate the demands of a growing business. Since you’re representing other businesses, you’ll need to keep your client’s best interests in mind at all times.
4. Start An Investment Platform
With the right strategy, you can start an investment platform and begin investing in cryptocurrencies and tokenized stocks. You’ll be able to choose from a variety of cryptocurrencies and alt-coins to invest in. Most platforms let you sign up and set up automatic trading, so you don’t need to worry about doing a lot of the trading yourself. You’ll make a consistent profit simply by owning some of these cryptocurrencies and holding on to them for the long term.
Start an investment platform today, begin making money online investing. You’ll need to have a good understanding of cryptocurrency and the underlying technology (blockchain). If you’re new to this, take time to study and learn as much as you can before taking the plunge. You can use online platforms like Bitcoin.com, Coinbase, and Binance to get started investing in bitcoin, ethereum, and other cryptocurrencies.
5. Start An Online Teaching Platform
If you’ve got a degree in teaching and you’ve always had a penchant for educating people, you can start an online teaching platform. You’ll be sharing your knowledge with other people via recorded classes or live lessons via webcam. You can choose from a variety of courses, including English, history, economics, and business. You’ll be able to set your working hours and take a break when you need to.
This is a flexible way to make money online. You’ll simply need to find a niche and begin teaching. You don’t need to have a massive following to make a decent amount of money. Many successful educators have started their platforms with just a few thousand subscribers. You can use platforms like Udemy and Teachable to get started.
6. Start A Blog
Blogs are a great way to make money online. They don’t require a lot of expertise to get started and can be fairly passive in nature. Begin by setting up a blog on a platform like WordPress.com. You can then use Google Adsense to get monetized content. You don’t need to have a lot of followers to make a decent amount of money. The key is to build a good-quality blog that provides value to its audience.
Blogs are great for SEO, too. When a potential customer is looking for a product or service, they will typically search for the closest match. If they land on your blog and decide to keep reading, you’ve successfully redirected them to another site. You’ll need to keep up with the ever-changing algorithms of Google to remain relevant.
7. Start A News Agency
If you have a strong interest in the news and you want to get involved in journalism, you can start a news agency. You’ll be gathering news stories and getting them published online and in print. You don’t need to have any experience to get started. You can use platforms like WordPress to begin your news agency.
This is a great way to make money online. You’ll simply need to find a topic you’re passionate about and begin gathering news stories. It’s a great way to build credibility and gain experience. Find a mentor who can help you get started or contact a professional association for journalists to see if they can recommend someone.
8. Start An Affiliate Marketing Platform
If you’ve got a large social media following, you can use it to create a platform for affiliate marketing. You’ll be choosing products that you’ve researched and will promote on your social media channels. You’ll make money from any purchase that comes from one of your links. This is a fairly easy way to make money online. All you need are a few thousand followers on social media and an understanding of affiliate marketing.
With affiliate marketing, you don’t need to have a lot of money to get started. You simply need to find a product or service that you can promote on social media. As you gain experience and credibility, you can begin to move up the levels of an affiliate marketing program. Many large companies like Amazon, Best Buy, and Subway use affiliate marketing as a part of their marketing strategy. If you’ve got an audience, this is a great way to make money online. Just be sure to keep your audience in mind at all times when marketing a product or service.
At the end of the day, none of these opportunities are bad. Each one has its perks. However, if you want to make money online without using your own personal details, you should look into investing or creating a blog. These are two of the most popular ways to make money online and remain anonymous. Plus, if you’re investing, you’ll be able to take advantage of tax-free returns.