More and more people are looking for ways to make money online, either to leave their job and make a full time income, or just to make some extra money on the side.
This even has a pretty well known name now, the ‘side hustle.’
There are so many different ways to make money online, it can be overwhelming. Which ones are the best option? What about risk? Time? Knowledge and expertise?
Many people don’t ever get started because of this. They end up in never ending research mode, also known as ‘paralysis by analysis.’ They keep learning and never take action!
This doesn’t even take into consideration all the scams out there looking to take advantage of people wanting to make a little extra cash online.
First, let’s take a look at two of the best ways to make money online if you wish to build a ‘real business’; eCommerce, which is selling physical products, and selling information products, where you sell things like ebooks, videos and how to courses.
With eCommerce one can sell thousands of different physical products. Think of it as your own small Amazon.
With today’s technology, you can easily get many personalized products designed and drop shipped, such as t-shirts, mugs, and more.
But you can also sell ready-made products without ever buying inventory, using sites like Alibaba.com to source products. If you spend any time on Facebook, you’ve seen ads for these types of products.
While there are many success stories out there with eCommerce, the truth is, it’s a real business with real risk and it’s very competitive. You’ll need a lot of time and resources and an ad budget.
If you have those things, it can be a great way to build a real business. But make no mistake, it’s work.
And things change quickly. A hit product may stop selling at any time. In eCommerce it’s important to diversify.
For t-shirts, check out sites like Spreadshirt.com and Teespring.com.
You can also sell your own info products. such as a downloadable ebook or video program. There are a lot of very successful info marketers and not just in the ‘make money online’ niche but in fitness, weight loss, relationships, investing and more.
You may have knowledge from your job that could be packaged into an info product.
An accountant could write a how to book on simple small business accounting. A plumber could create a downloadable how to video product on simple plumbing fixes one can do on their own.
You can find lots of products for sale, and get lots of ideas, at clickbank.com.
You can even sell your how to book on Amazon for the Kindle. But don’t think just putting it up on Amazon means the money will be rolling in for you.
You’ll need to market your product, whether you’re selling it from your own site, or selling it on Amazon.
If those sound like too much in terms of commitment or risk, or maybe you just want to make a little extra money, there are a lot of other options available.
You can offer freelance work, both in person as well as online. TaskRabbit.com allows you to create a profile and offer such services as running local errands or even putting together someone’s furniture!
One of the biggest for selling your skills online is Fiverr.com.
This site started as a way for people to sell things or offer services (such as creating a book cover for a Kindle book, or creating an “intro” for someone’s video) for $5.
Over time, Fiverr.com has grown and while it’s still $5 for a task, or a basic ‘gig’ as they are known, you can upsell relevant services or packages for more money.
Some of the best services to offer on Fiverr include proofreading and editing, doing voice-overs, transcription services (a lot of people want this for their podcasts or videos), book cover graphics and copywriting.
These are some of the best ways to make money online, but there are many other good ones as well.
It’s important to remember that it takes time and effort and while making money online can happen, it’s never as easy or as fast as the people selling you ‘make money online’ products say it is!
If you keep that in mind and are willing to put in the work, you’re well on your way to putting some extra cash in your pocket!
— Howard Whittington (@drawoh1) June 30, 2018