Inflation has reached record levels which means one thing: buying power is at an all-time low. This article will examine the impact of inflation and how to protect your purchasing power. We’ll also take a quick look at some of the best ways to make money online that aren’t just free money apps!
1. Start a Blog
Blogging is a fantastic way to make money online, especially if you’re a seasoned writer with a sizable audience. Blogging is fairly easy to get started with, and requires little to no investment. Once you’ve started a blog, you can then integrate affiliate products and make money online by promoting them.
2. Start an Online Store
An online store is another fantastic way to make money. The most popular method of monetizing online stores is through affiliate marketing, which earns you a commission when a customer clicks a monetized link or buys a product that’s promoted on your site.
You can also use a marketplace like Shopify to set up your own store in just a few minutes. They handle all the technicalities of setting up an online store for you, so all you need to do is choose a theme and add your products.
2. Start an Online Tutoring Business
There is a growing need for skilled online tutors, and you can make a decent amount of money online by providing this services to students. You can use platforms like Wyzant to connect with potential students, while sidegigs.com connects teachers with students who need help with any subject.
3. Start an Online Translation Business
If you’re fluent in a foreign language and have a good ear for translations, you can start an online translation business where you’ll translate articles, websites, and even speeches for money. You can use platforms like Proz.com or Translatomo to find customers who needs quality translations and work remotely.
4. Start an Airbnb Business
Airbnb is the best way to make money online. This peer-to-peer accommodation website allows homeowners to rent out their properties for vacation stays. If you’ve got a spare bedroom or loft space in your house, you can create a space that travelers can stay in for a night or two while traveling.
Owners can earn up to six figures per year while renting out a room to travelers, and with the Airbnb API, developers can create additional revenue streams by integrating additional services. For example, you could create an Airbnb business that offers salon services, or an Airbnb business that offers fitness training.
5. Start an Uber Business
Uber is one of the best-known companies when it comes to providing on-demand, technology-driven transportation services. Like Airbnb, Uber allows users to earn money online through its platform. You can create an Uber account, find yourself a friendly driver, and then invite your friends and family to join the program. As an Uber driver, you can earn up to $68,000 per year (plus potential bonuses).
6. Start a YouTube Channel
YouTube creators can earn a lot of money online through affiliate marketing, which earns you a commission when someone clicks a monetized link or buys a product that’s promoted on your site.
7. Start an Email Marketing Business
Email marketing is another great way to make money online. You get paid when someone clicks a monetized link or buys a product that’s promoted in your email.
You can use platforms like ConvertKit, MailChimp, and ActiveMail to get started with email marketing. Once you’re set up, you can begin creating email marketing campaigns and getting paid when someone clicks a link or buys a product that’s been promoted in your email.
8. Start a Podcast
Podcasts are a fantastic way to make money online. All you need is a good microphone, a computer or mobile device, and you can launch yourself into the world of podcasting. Once you’ve launched, you can attract sponsorships, gain influence, and make money online through affiliate marketing, podcast tours, and more.
You can also use a tool like Harvest to connect with potential sponsors, and when they engage with you, you can earn money through various platforms.
9. Start a Course-Creation Business
Whether you’re an expert in computer science, nursing, or social media, you can create and sell courses online. You can create online courses through platforms like Udemy and Skillshare, or through traditional means like correspondence courses and video tutorials. Course creation is a great way to earn money online because there are so many platforms and tools to do it, and you can essentially set your own hours.
If you set yourself up with a good structure, you can generate up to $120,000 per year in revenue while running a course-creation business. You’ll need to market and grow your community to make this income, though.
10. Start a Blogger Outlet
Bloggger Outlets can help you monetize your existing blog by creating a separate storefront for your audience to purchase content that’s been published on your blog. When someone clicks a monetized link or buys a product that’s promoted on your site, you get a commission.
This technique has been around for a while but has recently become more popular as people are looking for ways to make extra money online. Using a tool like Bloggger Outlet, you can easily set up a storefront for your blog, and when you start attracting customers, you can begin earning a nice income from a source that you probably never considered.