In 2017, money was no object, as the internet made it easy for people to make money online. Now that the world is changing, with many people feeling the pinch of the pandemic, how much cash should you actually be making online? Is it even worth getting started? Does the opportunity and reach of the internet make it a no-brainer to become an online entrepreneur? Let’s dive in and find out.
The Changing Landscape Of Online Entrepreneurship
In the good old days, you would start a small business, create some content, and then promote your content across social media channels. If you’re doing all of this within the blogging sphere, then you’d probably start a blog and then begin building out a small audience. You’d then start to grow your blog into a brand and even eventually a small business, all while being supported by your blog income and any paid advertising you might do.
In today’s world, however, all of this has changed. Back in the day, if you wanted to be able to make money online, you had to do at least three of the following:
- Write a bestselling book
- Be one of the first 1,000 to 1,500 internet marketers to sign up for a massive digital marketing platform
- Start a blog that gets 100,000 monthly uniques
- Build a brand, earn media credibility, and then monetize that credibility through traditional online marketing strategies (e.g. affiliate marketing, CPA marketing)
While none of these strategies are bad in principle, the reality is that very few people will ever need to go down this path. According to HubSpot Blogs’ annual affiliate marketing study, only 6% of business owners plan to use affiliate marketing to make money in the next 12 months.
Instead, today, people are looking for ways to make money online that don’t require as much effort. For example, if you’ve got a decent sized social media following, you might want to consider launching a YouTube channel where you discuss popular topics or create tutorial videos on how to accomplish specific tasks. For those looking to earn quick cash, you can even consider becoming a virtual assistant, taking on tasks like email marketing, social media management, or content creation for small businesses.
If you want to begin your internet entrepreneurship journey, you’re in luck. There are multiple ways to make money online without having to go through an extensive learning curve. As long as you’ve got a decent amount of free time, you can begin creating content and marketing it to earn extra cash.
Top 5 Ways to Make Money Online
To help new entrepreneurs get started, I’ve compiled a list of five alternative ways to make money online. While some of these methods might not be suitable for everyone, depending on your experience and available time, they could be the perfect fit for your situation.
Listed below are five methods of making money online that require no previous experience:
#1. Take On Task Projects As A VA (Virtual Assistant)
If you’re still reading, you’re likely wondering what a virtual assistant is and why you should consider taking on this role. Simply put, a virtual assistant takes on tasks like data entry, answering emails, and sorting through projects for clients. Depending on the size of your client base, you might be able to find work at home as a virtual assistant. To find these types of jobs, you can either look for freelance postings or platform such as Upwork where businesses can post temporary work for virtual assistants.
#2. Start A Blog
Blogs are pretty much everywhere today- especially online. With the world’s most popular social media platforms like WordPress and Blogger making it easy to get started, anyone can become a voice in the wilderness. Once you’ve got your blog up and running with a few posts, you can continue to expand upon your platform and earn money through affiliate marketing, live chats, and sponsorships.
#3. Start An Online Store
Dropping the \”e\” from \”ecommerce\”, online stores like Shopify, WooCommerce, and Square are making it easier than ever for business owners to create retail stores that sell physical and digital goods. By simply installing a few custom plugins, you can have your store up and running in minutes.
Square’s Business Dashboard makes it easy for entrepreneurs to track sales, purchases, and other important metrics. If you’re looking to begin your ecommerce journey, consider looking into the options available to you on Square.
#4. Sign Up For A Survey Website
Surveys are one of the simplest ways to make money online. All you need to do is sign up for a survey website, take a few minutes to answer some questions, and then get paid for your time.
One of the more popular survey websites is Survey Junkie. For those signing up for a free account, you’ll have the opportunity to take a survey every day, earning anywhere from $1 to $5 per day. For those looking for longer-term opportunities, you can consider taking part in paid surveys that award you more money.
#5. Start An Online Shopify Store
If you’ve got a decent amount of experience, you might be wondering if starting a blog isn’t the best way to go about making money online. After all, a blog is essentially a storefront online with brand identity, pricing, and product details all laid out on the page for everyone to see. Shopify makes it easy for anyone to get up and running with a retail store in minutes, without needing a lot of experience.
If you’re curious about earning money with a Shopify store, consider heading over to the platform’s official website where you can learn more.