In this article, I will show you some simple, yet effective, ways to start making money online right away and how you can set yourself up to have residual income. Our economy is evolving to the point where people want to make money quickly and from the comfort of their homes. Many parents want to start a business that they can teach to their children and leave as an inheritance. Individuals all over the world are honing in on their gifts and cultivating their talents so they can produce enough income to stop living paycheck to paycheck.
Whether you’re a fashionista, a writer, a teacher or any type of worker, creator or entrepreneur, there is a way for you to make money online.
Here Are 7 Ways to Make Money Online
- Crete a Successful YouTube Channel
More and more people are using YouTube as their search engine. The giant portal receives more searches per month than Yahoo, Bing, Ask.com, and AOL combined. Nearly 43% of all global internet users search and watch videos on YouTube monthly, some of them many times daily, with an estimate of more than a billion hours of content is viewed every single day. To get a share of the cake all you have to do is creating a successful channel.
You can make money on YouTube by applying and getting approved to get ads displaying on your videos after you reach 4000 hours of views and get at least 1000 subscribers. Another simple way to make money with YouTube is Channel memberships. Your members pay you monthly in exchange for special perks that you offer.
- Create and Sell Courses
You can make money online by creating and selling your own course materials. If you have lived and made it to adulthood, you have knowledge that can be shared and monetized. You can use knowledge you acquired in your personal or business life. The list is endless but just to give you some ideas, you had to make decisions, follow steps and take certain actions to secure your first house or apartment. You did things like decide where you wanted to live in, how many bedrooms you wanted and what your budget would be.
If you know how to cook, fix cars, build a house or take care of children you can write a course about those subjects. If you have been on your job for a significant amount of time you can write a “how to” course on the job you do. These things can be broken down into subcategories to create and sell a variety courses which means more money and they can provide residual income which means you continue to make money off of work you previously completed.
- Make Money with TikTok
In case you did not know it, Tik Tok is Now the Number One site in the World; this year it has beaten out Google as the Number 1 most popular site worldwide. Earning money directly from TikTok is almost similar to YouTube: you publish short videos and get paid for your contents.
Once your channel is popular, there are 4 ways to make money on TikTok:
- Sponsored content by partnering with a profitable brand you like.
- Almost like the first, Partner with a sponsor influencer whose content is relevant to your brand.
- Create your own brand of products or service and use Tiktok to advertise your products
- Apply to TikTok’s Creator Fund. First and foremost, to apply for TikTok’s Creator Fund, you must be 18 years or older, have at least 10,000 followers, and get at least 100,000 video views in the last 30 days.
- Publish E-books
If you don’t feel comfortable writing courses but still want to monetize that knowledge or have a story to share, you can write and sell eBooks. Most people have heard of Kindle which is a popular platform but there are many more you can use such as Blurb, Barnes & Noble, Lulu, Payloadz and Smashwords. In 2020 the most popular types of eBooks were memoirs and biographies, self-help, religion and spirituality, health and fitness, and political and social sciences. You should do your research because this could change especially after we experienced a pandemic. There are many resources available to teach you every step needed to write and sell your eBook from choosing a subject, editing, finding your target audience, which platform you should use, format and more.
- Online Resale Business
Do not worry if writing is not your passion because you can still make money online by starting a resale business. Perhaps you are a shopaholic and have tons of clothes and shoes you never wear or maybe you love going to the thrift store and garage sales. There are several websites where you can start your own online store and make money from the comfort of your home. This type of business is growing more each day. Unbelievably some people start this as a hobby or a means to make a little extra cash and have earned six figure income. This may not happen to everyone but the possibilities are endless. If you are a fashionista and have a lot of knowledge about designer clothing and shoes, popular trends and vintage clothing there’s a great chance that you will make a lot of money from the start.
It is also important to learn how to take pictures and have good lighting when you list your items on the Internet because this is how you grab the attention of your potential buyers. The resale business is very lucrative and does not only involve clothes. People sell books while others sell collector or high-ticket items. You just need to find your niche and get started making money online and even while you sleep!
Online transcription is a great choice to make money if you are a good typist and a good listener. You need a computer with high-speed internet and headphones to convert video and audio files to a document. There are several platforms such as Rev, TranscribeME, QA World and GoTranscript where you can sign up to be a transcriber using these two skills. If you have an excellent grasp on the English language as well as understanding foreign languages or accents you will have a serious advantage over other transcribers.
If you are hired to do transcription you will normally have to sign some type of disclosure agreement to ensure you will keep the information private. Online transcription generally pays about $15 per hour however, many advanced transcribers earn $25 to $30 per hour. There are also online transcription positions that are specific to a particular field like medical or legal transcriptionist so this may be the way to go if you have any expertise in those fields.
- Virtual Assistant
A virtual assistant (VA) is usually someone self-employed as an independent contractor that provides technical, creative, administrative or professional services to individual or business clients. A VA works remotely from their home or anywhere they can use high-speed internet and the type of services they offer are unending. If you have experience in sales, data entry, blogging, editing, customer service, graphic design or lead generation, you can use those skills to become a VA. As a VA you can work full time, part time, freelance or whatever agreement you and your client can come to. A VA makes anywhere from 30k to 100k+ depending on the type of work and the amount of time spent. Some people that work as a VA can make $60 per hour.
There are many benefits of being a VA like the ability to pick the type of work and assignments you want to do as well as having a flexible schedule. If you want to become a VA you can start by identifying your skills, decide which services you will offer and how much you will charge for each of those services. It is always a good idea to research any time you start a new venture because there is a lot of free information available.