If you’re looking for ways to make extra money online, you’ve probably considered trying product selling. But while it is a legitimate way to make cash, it can be a little tricky to know where to start. If you’re looking to join the ranks of the successful digital nomads, you’ve come the right place. Below you’ll find a list of seven different ways to make extra cash online. Some will require you to have a steady stream of income already, while others are ideal for people looking for short-term cash flow boosts.
1. Start an online store
The first step to making money online is to create an online store of some kind. The possibilities are endless for a store owner, as there are so many platforms available for online stores. You can sell and ship all kinds of products, from clothes to electronics to books and games (yes, all kinds of books and games).
If you decide that product selling is going to be your route to easy riches, this is the place to start. You’ll need to do some research into platforms such as Shopify, Squarespace, and Wix to name a few. All of these platforms offer powerful features that make running and maintaining an online store much easier. Plus, you can use their payment processor (Stripe, PayPal, or Shopify Payments) to accept payments from customers.
2. Start an online coaching business
An online coaching business might not seem like a traditional way to make money, but hear us out. You’ll be helping clients get the most out of social media, build a profitable brand, and grow their audience. While you won’t be doing all of the work yourself, you’ll be giving them tips and tricks on how to use the platforms effectively (hint: it’s all about content).
To get started, you’ll need to find a few willing clients who are interested in paying you to help them with their social media marketing. Once you’ve got a few paying customers, you can move on to the next step.
3. Start an online survey company
Taking online surveys can be a quick way to make a few extra bucks. All you have to do is sign up to various survey sites and take surveys where you’re offered. It won’t take long to rack up a few hundred bucks, and it can be a steady stream of income. Just make sure that you don’t spend more than you’re making or you’ll go broke.
4. Start an online store in a market that is growing
If you’re looking to try your hand at product selling, then you might want to consider starting an online store in a market that is growing. Product sales is a viable option, especially if you’re looking for side income. However, be careful because the competition is always growing as well. So if you want to succeed, you’ll have to work hard to make your store stand out from the crowd.
5. Start a blog
Blogs aren’t just for fun these days. They can be quite the moneymaker when done right. The key to becoming a successful blogger is to pick your niche, build your audience, and then monetize the blog. Once you’ve got enough readers, you can take advantage of affiliate programs that will earn you a commission when someone clicks a monetized link or buys a product that’s promoted on your blog.
6. Start a YouTube channel
YouTube creators can make a lot of money, and it doesn’t necessarily require a huge audience. In fact, you can make a pretty penny just by making YouTube videos on the side. To turn a profit, you’ll need to find a way to get monetized. You can do this through affiliate marketing, selling and displaying ads, or by creating exclusive content for businesses. The choice is yours.
7. Start an online store in a marketplace like Shopify
If you’re looking to try your hand at product selling, then you might want to consider starting an online store in a marketplace like Shopify. With Shopify, you won’t be tied down to just selling products online. You can also set up shop lights, take online surveys, or create YouTube videos (just to name a few). So, if you’re looking for a business with countless opportunities, then Shopify is a great place to start.
With so many ways to make extra money online, you’ll soon find a way to fit into your budget. Just be sure to keep an eye on your financial documents and adhere to any necessary restrictions. Otherwise, you could find yourself in a bit of a pickle.