According to the World Bank, the digital economy is worth $3 trillion. Just to put in perspective, that is 30% of the value of all companies included in S&P 500. We are talking about a serious pile of cash floating around through the Internet. With all that money, it is no wonder everyone is trying to “wet their beak”, as Sicilians would put it. This has also led to a myriad of articles on how to make money online, although many of them are just product placement. Hopefully, you will find this one more helpful than most of the others.
By far, the most popular form of online freelancing is writing, but it is by no means the only one. Content is still the king and as long as you can provide quality, you can earn a few bucks. The form of said content is less important. There is also a huge demand for freelance coders, graphic designers, translators, and game designers. Sites like Upwork and Freelancer offer a wide variety of jobs if you have the necessary skills to perform them. Don’t expect to pay off your student loans with one gig though, since you will be disappointed. First few jobs will be measly paid, but once you establish your reputation and create a strong portfolio, you can increase your prices.
Google AdSense has revolutionized the way we think about monetizing web content. Not only it is extremely easy to set up, but there are plenty of tracking and analysis tools that allow you to observe how exactly the incoming traffic affect your bottom line, how many page views you had and where they came from. There are plenty of customization options, allowing you to tailor the ads that you want appearing on your site or blog.
Affiliate marketing is a practice of connecting with brands and services that are related to the topic of your blog or site. By linking their products, you can earn a portion of the selling price every time someone makes a purchase through your site. The possibilities are endless. You can have a blog about computers, linking the parts to one of the sites that sell them or you can write a review about casinos, like this one about online Dunder Casino, and earn a commission for every customer that signs up using your referral. It is important to remain inside your niche because your visitors are expecting it from you and they are the main source of your income through affiliate marketing. If you have a blog about history, don’t try to sell them hiking accessories. It will only serve to drive them away.
If you have a penchant for creativity and making interesting videos, YouTube is just the thing for you. Although they had recently gone on a demonetization rampage, the platform is still one of the most viable ways various creators can express themselves in video form and create an income stream. From instructional videos, various how-to, gaming-related content to lifestyle tips and reviews, YouTube offers almost unlimited possibilities for the topic of your channel. It has been noted that the quality of the uploads has significantly increased in recent years, but so has the quality of recording equipment, so you don’t have to break the bank on the latest high-tech camera to start.
Are you an expert on a particular topic? If so, you can monetize your knowledge by designing and publishing an online course. Regardless of the skill, you are teaching, you will find more than enough people willing to pay good money to learn it, whether it is coding or cooking. There are also various platforms that you can join and easily organize your teaching materials and even get paid through them.
Sell your creations
If you are handy enough to make things people would love to have in their homes, you can try and set up an Etsy shop. One of the best things about it is that you can sell almost anything through it, but there are certain rules you have to follow in order to be successful. One of the most important ones is to take good photos of your product. You would be surprised how many people don’t do this and try to sell something with blurred pictures.
Apart from these six, there are plenty of other ways of making money online, but these cover the basics. It is important to remember that online income isn’t a quick hit and run. It is based on the same principles as the traditional businesses and you have to be consistent in order to make a living out of it. The upside is that you usually don’t have to invest a lot of money to start and it will be far more costly in terms of time than cash.