In 2017, several events such as the Civil War, the Great Depression, and World War II, as well as the emergence of Bitcoin and other cryptocurrencies, redefined how people make money and how businesses thrive. Now, as we enter the sixth year of the New Century, it’s time to take another look at how to make money online.
The Great Recession Has Made Some Changes
In 2017, the Great Recession changed how people around the world earn money and how businesses operate. More than half a million American businesses closed down during the height of the financial crisis in 2009, and it took more than five years for the industry to recover. In the meantime, hundreds of thousands of jobs were lost, and working from home became a popular option for those looking to make extra cash.
Related to the busy schedule that many businesses endured during the Great Recession, many remote workers found that they could make extra money by providing administrative support or taking on small projects for online businesses. Since the industry has changed a lot over the past several years, let’s take a closer look at how to make money online in 2017.
How to Make Money Online in 2017: The Options Are Endless
More and more people are discovering the virtues of working remotely, and as a result, entrepreneurs and small businesses are taking advantage of the situation by creating online jobs that can be done from anywhere. If you’re looking to make extra money or want to reduce your stress, why not give it a try?
The amount of money you can make online varies depending on your skill set and how much time you can spare. To give you an idea of what’s possible, here’s a short list of 17 ways to make money online in 2017.
1. Start a blog
Blogs have been around for more than a decade, but they’re still one of the most effective ways to make money online. What is a blog, you might ask? It’s a regular website that updates information about a variety of topics, usually consisting of one or more articles, often with accompanying video or audio files.
A blog can greatly increase your reach and allow you to connect with potential customers. If you’re looking to make money online in 2017, starting a blog is a great way to get started.
2. Start an online store
While it’s great to have a blog, having an online store, where you can purchase products directly through your blog, is even better. Think of the popular store, Etsy, which began as a place to buy vintage and recycled items but has since evolved into a full-fledged online shop.
Starting an online store doesn’t have to be difficult — you can take advantage of the many ready-made eCommerce solutions available online to set up a simple storefront in a matter of minutes. If you want to make money online in 2017, consider creating an online store for your blog or website.
3. Start an affiliate marketing business
Another great way to make money is to start an affiliate marketing business, where you promote and earn commissions from products and services you’ve researched and learned about. For example, if you’ve learned about Amazon’s AMS platform, you can take advantage of that knowledge to set up a WordPress blog that promotes and earns you commissions from products purchased from Amazon — without ever leaving your website.
Once you’ve got your affiliate marketing blog set up, you can begin researching and learning about products and services that you can promote. The choices are endless, from digital marketing and SEO tools to fashion and lifestyle products. There are even products for pets!
4. Start an online tutoring business
If you’re an expert in a certain area, why not put your expertise to use and teach others? With the right tools, course material, and planning, you can easily become an online tutor and make money remotely. Check out this site to learn more about how to start an online tutoring business
5. Start an online teaching business
If you’ve got a specific skill — maybe you’re a good teacher or speaker — then why not try and teach others? With the right course materials, planning, and some technical assistance, you can easily set up a successful online teaching business and make money remotely.
The key to making money as an online teacher is to create lessons that are detailed, well-organized, and provide proper examples and instructions. As a teacher, you’ll need to be ready to answer questions from students. Create a course material plan and make sure you have all the required materials before you start teaching. Finally, ensure that you have a backup plan in case things don’t go well. Launching an online teaching business can be a profitable venture, especially if you can connect with interested students.
6. Start an online community
With the right tools, products, and ideas, you can create an online community that allows participants to engage with you online. Think of the many successful community-building tools like Reddit, Quora, and Twitter. If you want to make money online in 2017, consider creating an online community around a specific topic, product, or service that you’re knowledgeable about.
Once you’ve got your community, you can begin growing it through content — whether that’s creating blog posts, videos, or podcasts. Be sure to interact with your community regularly by responding to inquiries, sharing valuable information, and engaging with members.
7. Start an online magazine
If you’re passionate about a certain topic and have a huge amount of knowledge and experience regarding that topic, why not try and share it with others? With the right tools, products, and ideas, you can set up a successful indie magazine and make money online in 2017. Think of the many successful online magazines, like Tech Radar, The New York Times, and ESPN The Magazine, that are making money online. This is one way to make money that doesn’t require a lot of effort.
If you want to create an online magazine, begin by brainstorming possible topic areas. After you’ve determined the topic, create a brief description of the kind of content you’ll need to include in the magazine to have value. Next, begin looking for a developer or company that can help you with the technical aspect of launching an online magazine.