How to make money online? thousands of online entrepreneurs try to find a method to create their source of online income, in this article you will discover different opportunities to make money online. Web technologies have penetrated all areas of our life. We’re living in a digital era, where rapid technological change is habitual, and particularly today it’s easier to learn how to make money online more than ever before.
Moreover, globalization with the transformation of the classic conservative economic structure reveals huge opportunities for individual entrepreneurship, small business development, wealth creation, remote work, and consequently absolute freedom.
If You Are Looking How To Make Money Online In 2020 Read Also How To Leverage Online Business In 2020.
Well, there are various solutions to build your career as an online entrepreneur whichever you prefer don’t forget the key to success is self-commitment and perseverance.
You could use a platform like Upwork to find a high paid remote job instantly. Secondly, you can use Airbnb to host your own place or stay in another country for months. And you can do this while eventually saving money compared to your current rent.
New opportunities are everywhere.
The problem is, most how to make money online articles are still talking about outdated tactics:
Read on for my 21+ future ways to make money online with social investment networks, omnichannel e-commerce, robo-advisors, VR, drones, Amazon Alexa, Airbnb, Turo, chatbots, and more.
Let’s get started.
HOW TO MAKE MONEY ONLINE BECOMING A HIGH-PAID REMOTE FREELANCER.
Nowadays remote jobs are highly demanded. If you have digital skills, you can expect to find a high paying freelance career online.
Step one is to sign up for Flexjobs to instantly find remote jobs that you can perform.
Once you sign up, you can reach their remote job boards across various industries:
It’s not important whether you have an experience level or industry background, there are various freelancing jobs on Flexjobs you can apply. You will need to pay a little subscription fee (nearly 7$ monthly) to become a Flexjobs member but you can easily recover your initial investment in this platform.
And you don’t need to stop there. Why not leverage your remote freelance work to build your own remote online business?
For example, you can create a company of virtual assistants and use job boards to recruit clients.
Are you experience difficulties finding the right employees? Or maybe you’re not assured you have sufficient knowledge, experience, or money to start a business on your own? Do you need to partner with other experienced people? You can find cofounders either employees to collaborate with through CoFoundersLab.
You can even benefit from all the advantages of running your own company without starting an independent business.
Freelance sites like Upwork and Flexjobs allow people to make full-time earning online without having to search for clients. Anybody can find an appropriate job conform to his abilities, the job board is very varied, covering topics like graphic design, logo design, web design, infographics, voiceovers, translation, and more.
Another option is Amazon Mechanical Turk (MTurk), which permits you to complete manual microtasks for business owners all over the world like data entry etc.
You can’t expect a huge income from their tasks unless you perform a noteworthy quantity of tasks. On this platform is the volume that really matters.
Sincerely, if you are starting in the world of making money online, remote freelancing with Flexjobs or Upwork is the right place to start.
To attenuate risk, Flexjobs screens employers for you
START A SUCCESSFUL PODCAST AND MAKE MONEY ONLINE.
The rise of audio content as a viable content marketing avenue is stronger than ever. 32% of Americans listen to podcasts monthly – that’s the same amount of people that go to church regularly.
By launching your own podcast, you get to create your own show, discuss topics that are interesting to you, build an audience, and monetize your podcast with ads and sponsorships.
To get started in the world of podcasting, you need to choose a podcast hosting company to store your files and share them with all of the major platforms like iTunes, Stitcher, Spotify, and Tune
The best podcast hosting company to get started with is Buzzsprout and they give you a $20 Amazon gift card just for signing up.
They have a free plan, as well as three paid plans ranging from $12-24 per month. Buzzsprout indefinitely hosts your files, provides unlimited storage, and 250GB of bandwidth per month (which covers about 20,000 to 40,000 plays per month).
They also allow you to embed a podcast player right on your website and you can showcase either one episode or a playlist of your best episodes. Overall they’re an easy, intuitive tool to get started with podcasting.
HOW TO MAKE MONEY ONLINE BY JOINING A SOCIAL INVESTMENT NETWORK.
Social investment networks allow you to collaborate with other traders, make informed trades, and use online tools to track all of your stocks, index funds, and cryptocurrency. Here are some of the best social investment networks.
Commonly known as the “wealth management for the internet age” in the trading circles, Personal Capital helps you in your financial investments through an intelligent data-driven management approach.
Some of its key features include:
- Allows users to have a clear real-time view of their entire financial life
- Provides smart insights and helps you predict your financial future
- Offers full financial planning
They claim to be a trustworthy source for comparing rates, and rightly so. And the best part is that you get instant and accurate results without paying a single dime.
It is most helpful for students searching for loans as it specializes in helping them find the best possible option. Credible also helps students get better deals and refinance their loans.
Capitalist Exploits is one of the most prominent social investment networks in the world.
They don’t talk about traditional investment methods. Instead, it takes an asymmetric approach and helps you boost your investment outcomes with their newsletter and investment ideas.
Does it sound like your kind of social investing network?
BUILD A NICHE BLOG FOR AFFILIATE MARKETING AND DIGITAL PRODUCTS.
Starting a blog is not new advice. But, the traditional path to riches recommends launching a blog, growing your traffic, and adding Google AdSense ads on your site.
Sure, this strategy can work, but ads can be annoying to your audience if misused, which is why so many people use ad-blocking tools:
Instead of relying on ads (which requires a ton of page views and search engine mastery), try more natural selling with the newest affiliate programs to monetize your site. Some affiliate programs pay per lead. If your site has relevant traffic in the finance or home improvement niches, many of these companies will pay for leads you send them. For example, roofing companies and other contractors are always looking for new local customers.
Then, you can also start creating and selling your digital products on your website and get other affiliates to promote you:
For example, you can offer your loyal followers podcasts, video, or magazine subscriptions. You can also sell your ebooks, templates, guidelines, online calculators, software programs, or a membership site. Any digital product you can think up and create can be sold to your audience, as long as it provides them with real value.
The key is to get started on WordPress with a web hosting company like Bluehost. Next, begin generating content and getting backlinks with guest blogging to build up Domain Authority (DA) and traffic.
Ramit Sethi’s website: I Will Teach You To Be Rich, is a prime example of understanding how to grow and monetize a niche blog and through digital products. He offers a mix of free and paid resources to his readers, including workbooks, guides, ebooks, and online courses.
Use a tool like Google Keyword Planner to help you understand potential traffic for different niche ideas. While the forecast impression results use data from paid ads, they work as a great indicator of whether or not a niche will be accessible.
Once you’ve chosen your niche, select a reliable and affordable hosting platform such as BlueHost or Namecheap.
Then all you need to do is start creating great blog posts and offering your reviews and digital products everywhere. However, to make a real amount of money with this approach, it can take years.
HOW TO MAKE MONEY ONLINE? SELL YOUR PRODUCTS ACROSS EVERY PLATFORM.
How many online platforms are there? A dozen? A hundred? More?
Some businesses are still putting all of their eggs in one basket and focusing on only one platform for making money online. It doesn’t matter what you’re selling; omnichannel marketing is the way of the future.
You need to sell online across all major platforms where your customers are.
Don’t just become an eBay seller and leave it at that. Launch your e-commerce store. Start using Amazon FBA. Sell directly through social media platforms, including Facebook, Instagram, and Pinterest. Market your product or service on Craigslist. If you’re selling something crafty, sell it on Etsy.
Don’t overlook niche platforms relevant to your industry either. For example, if you’re a designer, then you should include 99Designs, Dribbble, and Society6 as sites to join. To find sites relevant to you, do a quick Google search like this one:
Steve Madden is a prime example of how to do this right. The company offers you the following options for buying its products:
- Physical stores
- An online store
- A mobile app
- Amazon (it’s a registered seller)
It also has an active presence on Facebook, Instagram, Pinterest, and Twitter, all with direct links to its website for secure shopping.
If you want to learn how to make a lot of money online, you need to start by understanding your target market and which platforms they hang out on.
Don’t forget about things like free e-commerce tools, user-generated content, messaging apps, and chatbots. Tools like HubSpot’s free CRM and email marketing software go well with any online store. And, it’s worth adopting a password manager to help you efficiently switch between platforms while keeping everything secure.
Once you know which platforms are worth targeting, you can build a presence on each site. When you’re ready, start an online business with an eCommerce platform like Shopify to help you unify all of your selling channels.
HOW TO MAKE MONEY ONLINE BY RENTING OUT YOUR STUFF.
Maybe you don’t want to drive around doing chores and deliveries for others.
Maybe you hate driving so much that your car sits in the garage 80% of the time. Why not make extra income by renting it out on Turo for some extra cash?
And while you’re at it, you can also rent out the now vacant parking space using JustPark.
Do you have a spare bike or one you rarely use? Rent it out as well, with Spinlister. These days you can rent out practically everything you own, including the shirt off your back. Don’t stop at the shirt. You can rent out your entire wardrobe, including shoes, handbags, and accessories, using Style Lend.
Once your home is clutter-free, you may even realize you have an entire room that could be rented out. Airbnb allows you to easily rent out a room, or your whole place to short term guests.
Not only did McIntyre rent out the spare room in her apartment, but she also rented out her room as well, and couch-surfed with friends. Then she acquired more properties and rented those out through Airbnb too. Today, she owns five properties and helps manage 15 more.
To earn extra cash renting out your goods, make sure you take lots of high-quality pictures. These can lead to faster rentals and higher rates. You’ll also need to create detailed and engaging product descriptions. The more info people have, the more likely they are to be interested.
Which ad is more appealing? A studio apartment with one picture and this description:
Or, one with 24 photos and this description:
Be sure always to keep an up-to-date schedule of all your rentals. You don’t want to accidentally rent out your car when you were supposed to go on a road trip.
SHARE YOUR KNOWLEDGE TO AN ONLINE COURSE AUDIENCE.
If you have gained valuable knowledge that can help others, you can now use it to earn income. No matter what your area of expertise is, online courses are growing in demand for professionals and businesses alike. Teachable alone has over 7 million registered students.
You can teach people how to write, do their taxes, complete necessary car repairs, or even learn emerging markets like piloting drones. And once the course launches, your student will pay you and you’ve built yourself a stream of income.
You can also provide online coaching and consulting services to make money online. With a conferencing platform like Zoom, or even just a private Facebook group and Facebook Live, you can share your knowledge and expertise one-on-one or with a large group.
People are looking for coaches in all kinds of subjects, from motivation to digital marketing.
Plus, you can be a consultant to individuals or even businesses, in any field of expertise. The possibilities are endless.
Did you do well at school? Were you a religious note-taker? You can sell your college notes online. Or, maybe you’re currently a parent doing homeschooling or helping your kids with their lessons. Why not become an online tutor for other kids?
Are you a fitness expert? You’re no longer limited to coaching and training local people in person. You can now become an online personal trainer or running coach. If you’re a nutritionist or dietician, you can do this online as well.
You don’t even have to be a licensed nutritionist.
If you’re self-taught and can provide genuine value, you can still make a livable income.
Anne Marie spent years researching nutrition and created her program based on her experience and knowledge. With a simple landing page, she now successfully sells her knowledge online.
You can quickly build your landing page with a tool like Wishpond or Unbounce and start selling your coaching or consulting services today.
MAKE MONEY DROPSHIPPING.
Regardless of the apparition of various methods for online earnings commerce is always a highly profitable area. A traditional eCommerce store requires you to hire employees, store products, maintain inventories, and more.
It’s apparent just how expensive and tedious the entire process could be.
There’s no need to hire folks, and you don’t need any investment either.
Quite simply, here’s how a typical dropshipping business model works:
- You create a website on the internet and upload pictures of your products with their prices.
- The customer buys the product and pays you online. You keep a margin for yourself and forward the order to the manufacturer/supplier you’ve partnered with.
- The manufacturer/supplier delivers the product to the customer to complete the order.
As is discernible from the above infographic, dropshipping requires you to act like a mediator between the consumer and the supplier.
Dropshipping is very easy to start, sustain, and yield significant profits.
There are multiple benefits of dropshipping, including:
- There is no substantial investment at the start (no need to rent or hire)
- You don’t need to pay for a warehouse (since the manufacturer stores the product)
- You don’t have to deliver the product, and hence you don’t incur transport expenses
- Direct contact with customers help you build your brand image
There are plenty of dropshipping success stories out there to look for inspiration.
Let’s take an example of Wayfair.
Wayfair grew at a rate of 25% to 35% year-over-year. In fact, they once racked up revenue of $4 million in a single day.
Without any doubt, suppliers are one of the essential parts of your dropshipping business.
You can use top platforms like Spocket to connect with the suppliers that align best with your business goals.
Spocket is an online dropshipping marketplace that allows you to find and connect with the US and EU-based suppliers.
Tying up with platforms like these, you get access to the very best products to sell from thousands of dropshipping suppliers and manufacturers all over the world. It’s ‘global’ in the most real sense!
If you’re looking to build a successful dropshipping experience then consider reading How To Create Your Successful Shopify Store In Less Than 30 Minutes.
HOST WEBINARS AND MAKE MONEY ONLINE.
Hosting webinars is terrific for a variety of reasons.
They help you drive traction to your website and hence help you increase your sales.
And not just sales, you can even make money using webinars without any product.
You can simply host webinars and earn money via affiliate links.
This way you can make money, refer useful products to your audience that will be genuinely helpful for them…without selling your own product. It’s like promoting affiliate links on your blog post.
You need to identify the product(s) you’d like to recommend to your audience and create an impressive and persuasive presentation to deliver to your potential viewers.
An average webinar should be around 45-minutes, where you should ideally speak for half an hour and leave about 10-15 minutes for a Q&A session with your audience. Q&A helps in precious one-on-one interaction and helps attendees get answers they crave. Even statistics suggest that 92% of live webinar attendees want a live Q&A session at the end.
Clement Delangue, the head of marketing at Mention, made $10,000 in the first two hours after their first webinar.
Here’s how they made their first webinar a massive success:
- By optimizing the landing page using landing page builders like Unbounce
- Getting new users signed up daily by adding an invite link to the webinar on their email signatures, and sending out automated email campaigns (You can use these email marketing tools to help you automate your email campaigns)
- By answering all the critical questions of your audience
- Offer a promo code or a discount at the end
To make your Webinar a success, you’ll need the assistance of a suitable webinar hosting platform.
WebinarJam comes with super-fast speed, is 100% user-friendliness, has a business-oriented approach, offers features like automation, provision for reminder emails, integrations, registrations, and much more.
After your Webinar, make sure to send short, personalized emails within 24 hours of the webinar to persons who had registered but didn’t show up.
Once you get the hang of it, you’ll find that hosting webinars can be very rewarding, whether you’re looking to sell your product or promote your affiliate links.
MAKE EXTRA MONEY ONLINE BY INVESTING ACROSS ALL MARKETS.
A powerful way to make extra money online is to put your money to work for you. A lot of people still think of investing as something complicated and risky. But, thanks to advancements in technology, it’s simpler and more accessible than ever.
The Robinhood app lets you quickly invest in stocks, EFTs, options, and Cryptocurrency. For stocks, look for index funds as they provide the broadest and most diverse range across a market. For example, the S&P 500 will give you shares of the 500 largest companies in the US.
To diversify further, you can buy slices of international companies as well. Or if you want to get involved in more active trading, you can use a tool like FOREX for global trading opportunities.
Pete Adeney, aka Mr. Money Mustache, is one of the most popular financial bloggers on the internet. Besides his funny anecdotes and the use of swear words, the reason for this was simple. He and his wife both retired after only seven years in the workforce thanks to a little bit of frugality and a whole lot of investing.
If you want to make a lot of money investing, look it as a long-term strategy and don’t freak out over short-term market fluctuations. Just use dollar-cost averaging and buy a broad range of stocks that will help shelter you from any downturns (such as the index funds we discussed.) Then you won’t need to waste your own precious time, money, and energy trying to outsmart the market.
To be even more successful, opt for a service that lets you manage your investments instead of paying someone else a management fee.
You can take some time learning the tricks of the trade such as portfolio rebalancing and tax loss harvesting. These tactics help you make just as much money without having to hand someone else a chunk of it.
MAKE MONEY DELIVERING EVERYTHING, EVERYWHERE, TO EVERYONE.
You can make money by delivering just about anything these days: products, food, and yes, even people. In the US, car ownership seems to be declining, especially for the younger generation.
Or you can help move entire families with TaskRabbit Moving Services.
Or you can even sign up as a package delivery driver for Amazon Flex.
Additionally, a lot of service-based freelancers are also able to leverage the power of mobile apps. For example, mobile tools like Housecall Pro connect plumbers, HVAC installers, carpet and window cleaners, electricians, and pest control companies to local customers, opening up another revenue source.
In 2018, TaskRabbit published an article highlighting the success stories of taskers over the past ten years. One of the Taskers used TaskRabbit as a way to launch his own full-time business. These companies all have referral programs you can participate in, as customers are 4x more likely to buy when referred by a friend.
Although not passive, this type of work can be anything you want to make of it, including a side hustle, a full-time gig, or an income stream to pay for something else.
Most of these services offer fixed rates, and there’s no need to compete for jobs or sales. All you need to do is pick the service that appeals to you, register, and get to work raking in the dough.
Want to be an Uber driver? All it takes is three steps, although you will need to bring your car into one of their centers for inspection.
For an option like TaskRabbit, it’s a little more complicated. In this case, you need to create an engaging profile, set your hourly rate, and then compete with others for tasks.
To succeed, you will need to research your competition by searching for people providing the same service as you in your area.
Below are the top two taskers when I search for movers in New York. Check out their rates, descriptions, and photos. Then, work on standing out from the crowd with your personal brand.
Whether this is short term or long term is up to you, but any of these options can kickstart your income to help build out even more side-hustles online. And that’s a big win.
MAKE MONEY ONLINE WRITING, SELF-PUBLISHING, AND TRANSCRIBING.
There are endless opportunities for making money online if you happen to enjoy writing. The days of old where you had to become a professional journalist or rely on an agent and publisher to sell your novel are long gone.
Have you always wanted to write a book or short story? Now, with Amazon KDP (Kindle Direct Publishing), you can easily publish your work and start selling it on Amazon. Hugh Howey, a self-published author who’s won awards, made it into the #1 spot on bestseller lists and is now having one of his books made into a movie.
You can also make extra cash by transcribing video and audio files for people.
Are you more interested in writing articles? You can make a lot of money as a freelance writer for companies. There are tons of blogging job boards, including ProBlogger. Or you can write guest posts on other people’s blogs. Just do a Google search for “paid guest post” and your industry:
With services like Fiverr and UpWork, listing yourself as a freelance writer for hire is easier than ever before:
Ivan Kreimer launched a successful freelance writing career that allowed him to quit his day job and travel the world in six months.
Being a successful writer starts with picking the right niche. Whether you’re going to write historical romance novels or nonfiction, you need to select your area of focus and expertise.
Then, strengthen your writing chops and get your content out there. After all, the stronger your content, the more money you can make. The good news is that you can use tools like Grammarly to help you perfect your writing.
HOW TO MAKE MONEY WITH YOUR CODING SKILLS.
Coding skills are incredibly valuable in today’s digital world, thanks to how rapidly technology continues to change.
Coding jobs are growing 50% faster than the market overall. Whether you went to school for it, or are self-taught, you can start coding apps, chatbots, or even Alexa skills.
Conversational marketing is going to be the next big thing in the marketing industry. But artificial intelligence, machine learning and natural language processing (NLP) are still maturing.
With these changes comes a huge demand for people that can build, upgrade, maintain, and sell chatbots. If you have skills in this area or are willing to learn, you can make a lot of money for yourself.
You can also make plenty of money online by coding new skills for Amazon Alexa.
Back in May 2017, Amazon launched its Alexa Developer Rewards program to pay coders for developing in-demand skills for Alexa.
Thanks to coding two popular skills, David Markey began earning $10,000 a month while still a senior in university.
If you want to build a successful business coding to make money online fast, start listing your skills on a personal portfolio website:
Then, set up a profile on sites like Fiverr and UpWork to generate some business:
Be sure to create some content and post on social media to start bringing in more organic traffic, too. Soon enough, you will be swimming in clients.
WAYS TO EARN MONEY ONLINE WITH VIDEO, VR, AND DRONES.
People love videos. From Twitter and Instagram stories to making money on YouTube, video is insanely popular. According to Cisco, by 2022, the video will account for 82% of all internet traffic.
Brands have produced millions of dollars in revenue by implementing video strategies.
And advancements in video technology and video editing software are leading to even more exciting opportunities for making money online.
One of the more traditional, yet still profitable methods is selling stock photos and stock video content online on a site like Shutterstock.
Use your iPhone to capture high-quality visuals and upload them for purchase.
If you love video games, you can also make money streaming them, providing game reviews, and more on Twitch, which is now owned by Amazon.
With the help of a drone, you can also record and sell high-ticket aerial photography.
Josh Boughner received a drone as a birthday present and ended up turning it into the largest real estate drone network in the US.
It all started by only taking a few aerial photographs for a local real estate company:
But, Boughner quickly started making sales rapidly with drone footage, including inspections, advertisement videos for hotels and resorts, and even surveillance.
To make money with video, you’ll need to invest in quality hardware, whether it’s a 360-degree camera, VR technology, or a drone. Thankfully the costs are going down rapidly, and you get get a high-quality drone on Amazon for less than $1500.
You’ll also need to purchase video and photo editing software and learn how to use it like a pro.
BECOME AN APP DEVELOPER.
I am sure you don’t need me to tell you how lucrative app development can be. Because it is not a hidden fact that there’s a lot of money to be made in app development.
But where do you start?
It’s a no-brainer that you have to learn to code to build apps.
Before we start, let’s see how many apps are there on the internet at present.
Have a look at this infographic from Statista.
You don’t need to be intimidated by these numbers, because the chances are that a majority of them won’t even be in your industry.
And to be honest, many of them turn out to be complete duds.
Secondly, if you come to think of it: the fact that so many apps swarm the market means that the demand for them is also high.
So, the future for app development seems to be great.
Now the question is — how will you, as an individual, make money online through app development?
Let’s go through two scenarios:
1. YOU HAVE AN IDEA FOR YOUR APP
Okay, so let’s assume that you have a great idea. Now you want to build an app based on that.
In this case, you should know how you are going to cash in on your app and not expect to make much money in your first year.
Charging your audience to download your app is not a good idea because let’s face it; no one pays to download an app. That’s why most of the apps you see are free of cost.
See for yourself, the sheer difference between the number of free apps juxtaposed to paid apps is eye-opening.
However, you can earn money from your app. As I already mentioned, this is one of the most profitable prospects when it comes to app development.
And free apps make a lot of money.
HERE’RE SOME OF THE WAYS THAT WILL ALLOW YOU TO MONETIZE YOUR FREE APP:
- Use advertising as your revenue model.
- Offer subscriptions within the app.
- You can use your app to sell merchandise
- Introduce in-app purchases and microtransactions
These are only a few ways that you can use to monetize your app. Skim down the webpages and research some more. You will surely find even more options to make money using your app.
2. YOU WANT TO WORK AS A FREELANCE MOBILE APP DEVELOPER
Becoming a freelance mobile app developer will help you make steady money, given that you are good at what you do.
Small and medium-sized businesses and startups are increasingly turning to outsource their app development needs today — which is an excellent thing for you.
In this case, you would need to start pitching to your clients through countless platforms on the internet, such as:
Also, make sure that you network extensively at events and conferences to meet your potential clients, and to expand your network.
Get started with Flexjobs.
START A MEMBERSHIP SITE.
Let’s say you are a semi-famous name in your industry — and have over 5,000 subscribers.
Every once in a while, you even get invited to speak at an event and sit on a panel.
If so, it might be time to start a membership site. Membership websites are a value exchange.
For those of you who are not familiar with membership websites: it’s a private website with exclusive content where only the members who opt for a paid subscription can access the content.
As long as you continue to provide valuable information to your audience — they will be happy to pay for your monthly subscription.
So what can you provide to your audience to make sure that they keep paying for their monthly subscription?
After all, you have to keep your side of the bargain. Otherwise, you can say goodbye to your subscribers.
You can deliver value to your members using content like:
- Online courses
- Live Webinars
- Informative guides
- Community forum
- Offer cheat-sheets
- Workbooks & action plans
WHAT MAKES STARTING YOUR MEMBERSHIP SITE SO LUCRATIVE?
1. RECURRING INCOME
I won’t be exaggerating if I say that the membership websites can be a holy grail for young entrepreneurs.
The key phrase here is “Recurring revenue.”
And who doesn’t like that?
If your content is valuable enough, members will continue to pay to access and retain it over and over again.
So basically, you are getting monthly income for the content you created just once.
Think of it this way: you spend two hours with a client. The client pays you once, and you both move on. That’s about it!
Here’s another scenario: you spend two hours creating something valuable for your membership site. Now you continue to get paid for that content for months on end. After a while, you spend some more time to update the content and still get paid for it.
2. YOU GET TO BUILD A LOYAL CUSTOMER BASE
Launching your membership site also boosts your authority in the industry and positions you as an expert, allowing you to grow your following.
Come to think of it, with your membership site; you are killing two birds with one stone.
On the one hand, you are getting paid perennially for the content that you put up once. And you are building your authority at the same time.
Do you know how many folks would love to be in your boots?
Countless of them!
However, if you relish the idea of building a membership site in the pursuit of passive income, then you have to stop thinking of the monetary benefits.
Initially, work on building an audience, choose a subject matter that you have knowledge of and something that is most likely to sell.
I’d suggest, instead of thinking of a broader domain, think of something more niche.
For instance, don’t think of creating a membership site about Social media marketing.
Instead, try thinking of, “I will teach health and wellness consultant how to leverage social media marketing.”
The more you narrow down your subject matter, the easier it will be for you to build a loyal member base.
REAL ESTATE CROWDFUNDING.
Real Estate Crowdfunding is a new and exciting investment model.
If you have a considerable amount of savings and want to raise the stakes, then real estate crowdfunding might be the type of investment that you need to make.
It’s not me who is saying this, and it’s the experts who carefully assessed the stats and current investment trends.
According to the CNBC Quarterly Investment Guide last year, having shares in real estate crowdfunding projects is among the best ways to have a hassle-free retirement.
With real estate crowdfunding, you can invest in two different types of projects:
- Equity crowdfunding
- Debt crowdfunding
WHAT IS EQUITY CROWDFUNDING?
To break it down in simple terms, in equity crowdfunding, investors invest in a company trying to raise money. These investors then receive shares in the company in exchange.
With equity crowdfunding, you are not loaning your money to the company. Instead, you receive shares with the hope to get a dividend out of future profits. Or you are waiting for the company to reach greater heights so that you can then sell off your shares at a higher price.
WHAT IS DEBT CROWDFUNDING?
With Debt Crowdfunding, you invest in the company trying to raise funds, but your goal is to receive a specified interest rate on the money that you loaned within a fixed timeline.
Now, we will talk about some of the best real estate crowdfunding platforms so that you can earn a decent income online.
TOP REAL ESTATE CROWDFUNDING PLATFORMS
Fundrise allows you to invest your money as per your own accord — you are your own boss, of course. Invest according to your goals, expectations, and capabilities as you will get a wide array of real estate investment options at Fundrise.
Perks of investing with Fundrise:
- Fundrise offers 8.7 – 12.4% historical annual returns
- Helps you diversify your portfolio
- They have a low-fee approach which enables you to maximize your profits
Other important details:
- Minimum Investment: $500
- Account Fees: 1%/year
- Investment Length: N/A
- Offering types: Debt, Equity, Preferred Equity
2. REALTY MOGUL
Realty Mogul was one of the first real estate crowdfunding platforms back in 2013. They are at the center of connecting the borrowers and sponsors to excellent investment and increased outcomes. The great thing about Realty Mogul is that they visit each listed property and works with the best in the industry.
Perks of investing with Really Mogul:
- Their dealings are highly transparent
- A rigorous screening ensures the best possible financial returns
- Offers well-leased properties
Other important details:
- Minimum Investment: $1000
- Account Fees: 0.30% – 0.50%/year
- Investment Length: 6 – 120/months
- Offering types: Debt, Equity, Preferred Equity
Equity Multiple claims to help you invest smartly in real estate with reduced risks. With Equity Multiple, you can invest in highly scrutinized and some of the most prominent real estate companies.
Perks of investing with Really Mogul:
- Offers low-risk target returns to investors
- Rigorous vetting to curate the best set of projects
Other important details:
- Minimum Investment: $5000
- Account Fees: 0.5% service charge plus 10% of all profits
- Investment Length: 12 – 120/months
- Offering types: Debt, Equity, Preferred Equity
INVEST WITH A ROBO-ADVISOR.
Most of you might have heard of financial consultants. A trading expert. An investment guru.
But the term Robo advisor is still not a household name.
That said, their impact on the financial advisory industry is growing fast.
Robo advisors are software products that can help you manage your finances and investments.
They are automated, financial advisors.
What is the reason behind the popularity of Robo advisors? Well, Robo advisors are most popular among the folks who can’t shell out a budget to hire a financial advisor or don’t want to either way.
These automated robotic advisors, with their smart technology, select investments for you and then build a diversified portfolio.
WHY SHOULD YOU INVEST WITH A ROBO ADVISOR?
If you don’t like to go through the hassle of hiring a financial advisor or lack funds to do so, then investing with Robo advisors is the right option for you.
Here are the other reasons why you should invest in Robo advisors:
- One of the most significant reasons to invest with a robo-advisor is to avoid mistakes. It’s as simple as that: humans often tend to make decisions based on emotions, gut feelings, or in the heat of the moment. On the other hand, Robo advisors work pragmatically, and that’s the reason why you can avoid drastic mistakes while investing with them.
- Another reason is the hassle-free investment. You have to open your account, and then the Robo advisor will take care of everything for you. From making changes to your portfolio to placing trades, you don’t have to worry about these things anymore.
Here you can find a robo-advisor company Wealthfront recommended by Investopedia.
WHAT ARE THE BEST ROBO ADVISORS ON THE INTERNET?
Investing in Betterment is extremely easy.
You choose the mix of bonds and stocks that you desire, set your goals, and leave the rest to Betterment.
If you don’t want to dabble into the confusing avenue of the stock exchange or mutual bonds, then investing with Betterment is your best bet.
On top of that, their services will not cost you much either. Their digital plan is priced at 0.25 percent annually.
The Acorns app is one of the few robo advisors that target a younger demographic as well. With the minimum investment limit of as little as $5, it is one of the best options for inexperienced investors and for the investors who are a bit skeptical about investing their money with robo-advisors.
Like Betterment, it is also blisteringly easy to use.
It will ask you simple questions like your investing goals, your comfort level with risk, and an estimated time limit to achieve your goals. You have to answer these questions, and then Acorns will help you as per your preferences.
Get started with Acorns.
Often overlooked in favor of its more famous counterparts like Betterment and Acorns, Wealthfront is more popular amid the middle-aged populace.
While it has all the capabilities of your regular robo-advisor, what sets it apart from the rest is low fees on accounts and tax reduction for accounts with high balances.
Investment features are similar to other robo advisors. However, unlike Betterment, Wealthfront doesn’t shy away from talking about complex aspects of investments with its investors.
Peer-to-peer (P2P) lending allows individuals to acquire loans directly from other individuals, cutting out the financial institution as the middleman. Various companies that facilitate peer-to-peer lending has widely increased its adoption as an alternative method of financing.
Do you feel like hitting your head against a brick wall when you see the lackluster interest rates?
If you answered yes to any of these questions, then peer-to-peer lending might answer your worries.
As the name suggests, peer-to-peer lending is the financial system that allows you to lend money directly to the borrowers. There is no intermediary Peer-to-peer lending effectively cuts out stuffy banks and lending institutions.
Individual investors like yourself and borrowers meet online through a specific platform or a peer-to-peer company.
Although it is somewhat a new market, and people have just recently started to invest using this medium, it is growing at a rapid speed. It shows no signs of slowing down, either.
If statistics are anything to go by, the peer-to-peer lending industry could reach over $1000 Billion by 2025.
Yes, that’s a whopping $1,000 Billion with a capital B.
HOW DO YOU GET STARTED WITH PEER-TO-PEER LENDING?
Getting started investing with peer-to-peer lending is quite simple.
Just follow through with these quick steps:
- Choose an appropriate peer-to-peer lending platform.
- Open an account
- Deposit your funds
- Begin to peruse through the list of borrowers.
You don’t have to invest millions — not even thousands. In fact, with some websites, you can spend as little as $25, which completely varies by the peer-to-peer lending website.
Now the next step is to review the profiles of potential borrowers.
Each borrower profile includes:
- Interest rate
- Reason for the loan
- Term of the loan
- The risk assessment of the loan
You have to be careful while selecting the potential borrower to lend your money so that your expectations can align with the borrower’s profile.
Also, depending on the type of investment you make, you can make as high as 12% per year or more. That said, these are riskier loans, and if you want to play it safe, you can still make up to 2-5% per year.
BEST PEER-TO-PEER LENDING PLATFORMS
Prosper claims to offer you investment options that are specially tailored to suit your preferences. This peer-to-peer lending platform also allows you to diversify your portfolio further beyond stocks and bonds.
Other prominent features include:
- High returns – historical returns of over 5.3% on average
- Has a wide array of credit-worthy borrowers
- Offers auto-invest tools to build your target portfolio based on your mentioned requirements automatically
- Deposits monthly income directly into your bank account
2. LENDING CLUB
Lending Club is one of the most reputed peer-to-peer investing platforms. In 2014, it became the first peer-to-peer lending website to go online, and since then they have loaned over $44 billion.
The Lending Club gives you the option of opening joint, trust, corporate, and Custodial/minor accounts.
Key features include:
- Competitive Returns – Investors can earn high returns of over 3–8% per year.
- Offers automated investment option for a hassle-free experience
- Investors can get started with as little as $1,000.
- Stellar record – they have overseen positive returns for over 99% of portfolios
At Funding Circle, you can directly lend funds to small British businesses and can earn a decent interest amount while doing it. You continue to get attractive returns each month as the borrowers pay your back.
Funding Circle has two types of accounts, ISA and Classic. Although both of the accounts have nearly the same capabilities, the ISA account is entirely tax-free.
It has some great features, such as:
- High returns go about of 5.5 – 6.5% per year
- You can earn tax-free returns on their ISA program
- Straightforward to navigate at every step
START A DATA MINING AND AI FIRM.
Data is the next big thing. It’s the current big thing.
Just name any of the behemoth companies, you will realize that all of them function on data and how to use it to generate more revenue.
If you want to get started, you don’t even have to open up a giant enterprise to leverage data. You can grow from strength to strength, start solo by opening up a data mining and Artificial Intelligence firm of your own.
Given that you have the right skill set, employers would have no qualms about paying big bucks for your data mining services.
TWO MOST PROMINENT AREAS WHERE YOU CAN CAPITALIZE ON YOUR DATA MINING AND ARTIFICIAL INTELLIGENCE SERVICES ARE:
1. Data is collected and then mined to make it clutter-free. Once extracted and segmented, the data is then analyzed to find trends.
2. Data Mining and Artificial Intelligence are also used to identify bottlenecks or deadlocks in the internal processes of product development.
Your data mining skills are at the center of more productivity and sales.
Once you open your data mining and artificial intelligence firm, you can bring a lot to the table. Focus on injecting new energy into the lackluster sales and marketing processes that many companies are implementing to this day.
Here’s what Martin Lindstrom, author of the book ‘Small Data,’ says,
“Small data is the foundation for breakthrough ideas or completely new ways to turnaround brands.”
Also, have a look at the instances when data led to great ideas, including millennials’ favorite Snapchat.
HOW TO PROFIT WITH YOUR DATA MINING AND ARTIFICIAL INTELLIGENCE FIRM:
1. DATA MINING CONSULTANCY SERVICES
I believe that many professionals have a habit of latching onto specific things while overlooking some of the most important ones.
For instance, some of them immediately start with selling and capitalizing on the data.
I’d say, “start simple.
Over the last two years alone, 90 percent of the world’s data entered the market.
However, despite this abundance, only 19% of companies are mining high-quality data.
You can inspire and educate people on the importance of data mining and help company executives in better tactical decision making.
2. HELP COMPANIES IN MARKETING AND ADVERTISING
One cannot market your product without identifying their target audience. And similarly, one cannot identify the target audience correctly without data mining.
Here you can provide your services in two ways: either sell them mined data directly or optimize the existing data that the companies have.
Analyze customer behavior to see market trends and help people garner better ROI by providing smart insights.
3. UTILIZE DATA MINING & AI IN MERCHANDISE PLANNING
By offering merchandise planning, you can help not only e-commerce stores but also the brick and mortar stores.
Say, for instance, a brand is looking to open another store, they would need your help to evaluate the amount of merchandise they might require. It would be your job to predict market trends using data forecasting and then plan an exact layout.
You can help out businesses in four areas with your data merchandising services:
- Keeping inventory up-to-date
- Helping out in determining the products that the customers would require
- Balancing the stock
- Appropriate pricing model
The more data companies collect, the more value they can offer to their customers, which eventually leads to more revenue.
And this is where you will come in.
Plenty of businesses are on the lookout for a credible data scientist, and they are ready to pay big bucks for your services.
SELL AD SPACE AND SPONSORED CONTENT.
It seems that everyone on the internet is lurking around in the quest of finding their target audience and bombard them with ads.
We don’t mind ads so much when we are the ones benefiting from them, do we?
And advertising doesn’t always have to be annoying if done correctly.
If you have a blog of your own, have put in the hard work, and want to make a little extra (or a lot extra), you should place ads on your site.
For starters, you have to overcome these few things:
1. You have to be a well-known figure in your industry.
2. Your site is seeing a decent amount of traffic.
3. You should have a niche audience base that is loyal to your blog or brand.
Suppose you qualify all the constraints above.
HOW TO SELL AD SPACE ON YOUR BLOG?
Well, there are two ways to go about selling ads on your blog.
You can either do it on your own or use third-party services to do the hard part for you.
I’d say, go for the latter option, especially if you are new to this idea.
Make it easier on yourself and let these third parties manage the ads on your blog.
PREMIUM AD SERVICES
These services automatically display and manage your ads for you hence saving plenty of your time.
BuySellAds is a huge advertising marketplace where prominent website owners list their ads for others to buy. There’s a catch, however. If your blog doesn’t meet its high-traffic requisites, then they are likely to reject it. Thus it is better to first gain some decent traction before applying to BuySellAds.
On the upside, BuySellAds gives 75% of the total income to its users — which is quite a high percentage. You can also choose to withdraw your money twice a month.
BlogAds is pretty much similar to BuySellAds. The only difference is that they give 70%, not 75% of the total income to its users. To withdraw your funds to PayPal, you need to have a minimum of $75 in your BlogAds account, and for Check or Wire Transfer, you should have at least $750.
OIO Publisher seems like your regular ad service at first.
But this platform has a feature that many others lack:
That is, you get to keep 100% of the revenue generated.
You will only need to pay $47, and IOI Publisher covers the rest.
Apart from this, the platform offers automation and gives you plenty of exposure in the marketplace.
BUY AND SELL DOMAIN NAMES.
When someone says I want to make online, they seldom think of buying and selling domain names.
That said, it can still be a pretty lucrative option.
However, if you think that you will earn real money without much commitment, then you have another thing coming.
While buying and selling domain names can earn you a decent side income, you still can’t depend on it solely.
But I won’t rule its profitability out just yet because some folks have garnered massive profits by selling domain names.
Here’s the list of some of the highest prices paid for domain names.
And the list doesn’t even end here.
The reason I’m showing this list is to give you an idea that sometimes it can prove to be extremely profitable.
Profitability depends on two crucial things:
- Owning a good-quality domain name
- The way you promote your domain name
Have a look at the amount people are paying to buy quality domain names:
As I mentioned, it all comes down to the quality of the domain name, and the rest depends on how you promote it.
Apart from those mentioned above, some other tips should be taken into account if you want to make money by buying and selling domain names.
TIPS FOR BUYING AND SELLING DOMAIN NAMES TO MAXIMIZE YOUR PROFIT
1. NARROW DOWN YOUR TARGET AUDIENCE
Initially, don’t focus on selling the domain name to the highest income buyer.
Before you jump at me, hear me out.
I have witnessed that some folks get super excited when they are a novice in this business.
For instance, if you flock to buy domain names related to healthcare firms because you think that doctors are generally wealthy, then you are heading for a disaster.
For one, without any knowledge in this niche, you wouldn’t know who to target and how to promote your domain name.
Therefore, it’s imperative to select your target audience and domain names based on profitable industries you understand.
2. FIND HOT KEYWORDS
Identifying the right keywords for your targeted subject matter is quite simple.
Just head to Google Keyword Planner. Don’t worry. You don’t have to pay a single dime for it.
With Google Keyword Planner, you can easily find high volume search terms.
Here are a few quick suggestions for the term “SEO:”
WHERE CAN YOU BUY INEXPENSIVE QUALITY DOMAINS?
There are plenty of options available if you purchase inexpensive domain names. You can either participate in online auctions, register for a new domain, or buy directly from web hosting platforms.
Here’re some top platforms to buy a quality domain name:
PLATFORMS WHERE YOU CAN SELL YOUR DOMAIN NAME:
Searching for a direct buyer isn’t an easy task. Therefore I have curated a list of popular sites where you can sell your domain with high profits.
MAKE MONEY AS A YOUTUBE STAR.
Some of the most popular YouTuber stars have become millionaires and found instant fame.
FAME. AND. MONEY.
What else does one want in life?
And you work on your terms. It sounds like a paradise, to be honest.
YOU CAN CAPITALIZE ON YOUR YOUTUBE CHANNEL IN TWO WAYS:
1. First, you can monetize your YouTube channel
2. You can also direct your viewers to your already monetized website
Now comes the hardest part.
How do you get viral on YouTube? Is there a secret to getting instant fame?
Virality is a difficult process to predict – the focus should be making consistent, quality videos – and the rest will follow.
However, making quality videos is not nearly enough. Especially now that the competition on YouTube has skyrocketed.
According to statistics, 400 hours of video are uploaded to YouTube every minute.
That’s considerable competition.
But on a positive note, the number of YouTube stars earning six figures has increased by 50% year on year.
So, in the end, all the efforts you would put in will be worth it.
HOW TO GET SUCCESSFUL ON YOUTUBE?
1. WRITE GREAT TITLES TO PIQUE YOUR AUDIENCE’S INTEREST.
Have a look at some excellent examples of how you can tweak your titles to get maximum attention.
The first example is Business Insider. They sure know how to get attention.
See how TMZ Sports follows a similar pattern:
2. CROSS PROMOTE WITH OTHER CHANNELS
Are you not building your follower count?
Use YouTube marketing tools, then try to collaborate with YouTube stars in your niche and ride on their coattails.
Viewers love user-generated content. If you’re a brand, user-generated content on YouTube gets ten times more views than content uploaded by the brand.
You can offer them some incentives so that they will feature you on their channel.
3. CREATE A CONSISTENT SCHEDULE (AND STICK TO IT)
Sticking to a plan is essential because your followers and audience should know exactly when to expect your video.
Success on YouTube comes with time, practice, and perseverance.
You won’t become a YouTube star overnight, but don’t lose hope. Just follow through these tips, one day, you might be rolling in all that cash from YouTube.
So get out there and shoot awesome videos.
LAUNCH YOUR BUSINESS WITH KICKSTARTER.
Do you plan to launch the next big product or SaaS company?
What is stopping you?
Funding might be the cause.
If you’re unaware of what Kickstarter is, here is a quick look at what they do (in their own words).
It is a funding platform where creators can garner an audience for a creative project. And then the community on Kickstarter funds these projects to get them started. All in all, the platform is entirely driven by crowdfunding.
However, please note that getting your project approved on Kickstarter is not a sure thing. About 25 percent of projects get rejected on average each year.
You can go through their guidelines to make sure that your project doesn’t get rejected.
To date, Kickstarter has helped fund over 1000 projects, from documentary films to medium-sized ventures, they fund all sorts of projects.
However, Kickstarter doesn’t offer long term investment. It is just a platform where folks with creative ideas look for initial funding. In return, they provide small incentives in the form of a book or an autograph of a rock star, and so forth.
You also have to set your funding goals on Kickstarter. For instance, you set a goal of collecting $2,000 within a month. If you fail to raise this amount within the set time-frame, then your project will get no donations.
However, don’t consider Kickstarter as a “get rich quick” platform; it will only help you kickstart your business without incurring debt.
JOIN SURVEY SITES.
Relaxing in your bedroom. Sipping coffee. Taking surveys and getting paid.
Hundreds and thousands of professionals are earning money by simply joining survey sites and taking surveys.
Usually, survey sites help you earn anything between $1 to over $20 for a single survey. It may seem meager for now, but if you take several surveys in a day, you can manage to earn a little bit of extra money.
Take Survey Junkie, for instance:
They let you take surveys after you build your profile on their website. After you create your profile, they match you to a survey based on your choice and preferences.
Moreover, getting paid is extremely easy as you can redeem your virtual points right away in your PayPal account or get e-gift cards after every survey. For every survey you take, you earn anywhere between 50 to 450 points. One thousand points are equivalent to $1 on Survey Junkie.
A survey site Inbox Dollars claims that they’ve given out more than $57 million in cash rewards.
Another survey site Toluna awards 2000 – 50,000 points for every survey that you take. And 80,000 point is equivalent to having 15 pounds in PayPal payments, Amazon, and high-street vouchers.
Clearly, once you join a survey site, you get an opportunity to earn a decent passive income.
If you need to make a few quick bucks and are hard-pressed for time, joining a survey site may be the perfect option for you.
Here’re some of the upsides of joining a survey site:
- There are no mandatory work-hours; you can take the survey whenever you can
- No commuting (work from home)
- The work is simple
- Not time-consuming at all
Here are some of the best survey sites to look out for:
SECRET BONUS: CREATE A BLOG THE RIGHT WAY.
If you made it this far, I want to reward you with the real magic formula for making money online. The method includes starting your blog the right way by selling consulting to high-end B2B clients.
What you’ll notice about this list is that there are an endless amount of tactics you can choose from – with some ideas making more money than others. The truth is, passive income is a myth – you always need to grind, hustle, and work hours to make real life-changing money.
Most high-ranking articles from successful bloggers about “making money online” feature ideas like online surveys, banner ads, being a virtual assistant, secret shopping, or opening a cash-back credit card.
But how much money will this bring? $5? $10? $200/month? That’s not enough to make any material impact.
And I’m getting sick of this old, lazy advice.
If you work a full-time job as I do, you need to maximize your side income as quickly as possible. You need to scale your processes.
Here’s the truth:
95% of bloggers are failing because they follow outdated, harmful blogging advice. This guidance is written to rank on Google and reward the same influencers who’ve been saying the same things for the last five years.
What if you’re starting and want to make money this year?
What if you want to start making $10,000/month within 90 days, not three years?
Ask yourself: Can I write content for three years and put in hundreds of hours of work before making any money?
It doesn’t have to be this hard. And that’s why I created my blog in the first place.
It’s simple – when you first start your side income journey, you don’t have much traffic or visibility.
You need to start with B2B consulting and start selling to businesses, not people. They have more money – your $200 online course to an individual can quickly become a $5,000 consulting deal to a business client.
There are three primary success pillars of this new blogging formula to make money:
- By choosing your blog’s niche based on audience budget potential, professional leverage, and market demand, you 200x your blog’s income potential.
- By not writing so damn much and outsourcing certain aspects of your content and SEO (for free), you 200x your backlink acquisition and Domain Authority (DA) at scale.
- Finally, by using the right high-end blog monetization strategies at the right point in your blog’s lifecycle, you 200x your revenue – and only need to close 3-4 high-end clients, not hundreds of affiliate sales.
Now you know over 21 future ways to make money online this year and beyond. You can start earning money online with the option you prefer, whether with affiliate marketing, selling physical or digital products, or renting out your belongings. Sharing knowledge, making videos, writing, and coding an app are more great options for raking in the dough and generating sales.
You can even build your own company with the help of a virtual assistant or grow wealth through investments.
Of course, for the greatest success, you need to offer value and stay on the cutting edge in this on-demand economy. Figuring out your unique selling point and learning how to market the value of your skills makes all the difference between part-time income and millions of dollars. If you want to acquire wealth dons chase the money, think primarily for the value you are creating
There are endless options to make money online right now:
- You can get started today with Flexjobs to start making money online as a remote freelancer.
- To create a successful podcast, try Buzzsprout for free and get a $20 Amazon gift card.
- Test out Shopify if you want to try selling products online across all channels.
- You can launch and sell an online course with Thinkific and share your knowledge with the world.
- Or you can rent out your place with Airbnb to start making passive income.
Which future method will you choose?