Hello there, you are at the right place to know what are the top 7 ways to earn money online. But, before we dive into the content, I want to tell you that the world has changed a lot and is growing much faster than ever. And the best part is that it has created many opportunities to work online and earn from home.
There are many ways you can earn online, but below are the top 7 ways which are best in the long run.
1. Affiliate Marketing:
To keep it simple, When you promote a product or service which you do not own is called Affiliate marketing.
Let’s say you share an amazon affiliate link of one product with your friend, if they purchase the product by clicking on your link, then you earn a commission from it.
You need a bunch of audiences to promote affiliate links, this can be done by creating content online. This may be YouTube videos, reels, blogs and many more.
2. Content Creation:
You need to select one particular niche, then you create content on it through blogs, videos, reels, YouTube shorts, news articles and many ways.
You get monetized by the ads, affiliate links as mentioned above, sponsors and so many other ways
Blogging as an example:
Writing articles online is blogging. So, to get started you need to select a niche and write articles around that.
By maintaining consistency in writing, you create many articles on different keywords(important search terms). So you get more traffic/users to your website. After a certain traffic threshold meets, you can start monetizing from it.
I have written an article about blogging, Click here to learn more.
3. Drop Shipping:
This is another way to get started online.
Generally, to sell a physical product, you need a physical store. What if I say you do not need physical store to sell the product? that is what drop shipping is…
If you create an online store, you get an order from the customer, then you redirect the order details to the wholesaler/manufacturer. And the product is delivered by the wholesaler/manufacturer to customer. This whole process is called Drop shipping.
You can decide the price of the product by checking similar products on different online shopping sites. These gives boost to your sales online for your products.
4. Selling Digital Products:
Digital products are eBooks, course materials and many.
Selling eBooks:
You can create a 40-50 page word doc on the topic you had knowledge of. Simply save it in a PDF format. You can sell this eBook from your own website or from amazon.
For the cover image, you can hire a freelancer from fiverr or upwork. Even you can create your own cover page.
And there is no restriction on number of pages. But, the content should be good and informative.
Online Coaching:
Everyone has different skills, I am sure you have atleast one skill whether you realize it or not. If you had knowledge on some particular topic, you can create a course around that.
Create a course and upload on Udemy or if you had knowledge you can do it in self hosted website.
I understand this is not that easy, but you need to overcome fear and try. If we need a change in life, we need to get out of comfort zone.
5. Freelancing:
There are many freelance websites available online. You can register with the skills you have. There are many skills you can find, from video editing to graphic designing.
A lot of people do this as a side hustle and improve their client network. So, in the future they can do this full time.
Freelance websites like Fiverr and Upwork connects you and the clients. You need to know how to negotiate and get the projects to you. Learn cold emailing, it helps…
6. Social Media Management:
In today’s world, Social media has grown very big. It has created many opportunities online and one of them is social media management.
There are many celebrities, famous people, business people and even online businesses out there. They do not have time to manage their social media, so they look for someone to manage and improve their account.
Celebrities gets followers easily and someone needs to just manage that.(That can be you)
If you take the business, their aim is to reach more people and establish their brand online. For this you need strategies to reach specific audience and create content what people like. This increases the trust on the brand online.
You can learn digital marketing and handling social media from YouTube.
7. Trading and investing:
And coming to trading or investing, you need a budget to start.
Trading:
If you keep the money in the stocks for the short term, then it is called trading. People call it by names such as Intraday trading, scalping, etc.
Before you start, you should learn the technical analysis and risk management to do trading. This is more than emotional game, you need to get master over your emotions by calculating the risk involved.
Investing:
If you keep the money in the stocks for the long term, then it is called investing. You can invest in different sector stocks based on the risk capability.
You need to learn Fundamental analysis, reading the annual report of the company.
-> Trading or investing is done better on your own research rather than following the advice.
Conclusion:
When you start any one of the above topics, you find these are not a get-rich methods. You need to put your efforts to grow and it takes at least a couple of months of dedication.
I am planning to make more blogs on the similar topics in the future. If you want to suggest any topic, you can reach me through mail.
Here is my email – sujith@bestwaystoearnonline.com.
If you have any questions, Please feel free to comment down below.