In this gig economy, we’re all looking to add a revenue stream. Not only does it help to have a side hustle to help pay the bills, but it can also become your full-time occupation and let you taste entrepreneurship.
Here are eight ways you can make money online –
1. Start blogging
Blogging is a low-risk side hustle. To turn this hobby into a revenue-generating machine, you should pick a not overly crowded topic to create a dedicated and loyal audience. You can then start running ads on your page either through Adsense or in partnership with specific brands. However, this is a long-term strategy. If you are looking for a quick win, blogging is probably not the best idea for you.
2. Sell merchandise
Selling merch is another low investment idea that can make you money almost instantly. You can either resell products by another brand and use dropshipping to deliver them to customers. You can also try on demand merch printing to upload your own designs and let the print on demand service take care of the order handling and delivery.
3. Become an SEO consultant
If you have a passion for digital marketing, acquaint yourself with SEO basics and start offering your services as an SEO consultant. You can particularly focus on making web pages mobile-friendly since many websites lack mobile functionality, which is bad for SEO and customer experience. 79% of mobile device users have made a purchase online using their devices in 2018. If websites don’t optimize the site for mobile and work towards voice search, they will lose out on a major chunk of their target audience.
4. Try affiliate marketing
Affiliate marketing is essentially you getting paid every time someone in your audience signs up for the service you’re promoting. There are a bunch of ways to go about this. If you are already an influencer, you can create a post with the brand’s deal and promo code.
If you are a blogger, you add the link to your website or blog posts and create a passive income stream. Look up affiliate marketing or partner programs to find these opportunities and narrow them down to the relevant industry.
5. Get on YouTube or TikTok
Becoming a YouTuber was a relatively unpopular career choice but not so much anymore. As a side hustle, it can definitely be worth pursuing, but you should keep in mind that the platform is nearing saturation. You may be better off on TikTok.
The barrier to entry is low, and you have repeatable templates for success. It is also easier for you to create content because you can take a 1-minute video and break it down into 15-second clips. Brands have also taken note of TikTok and started leveraging TikTok influencers to start promoting their product. Whether you choose YouTube or TikTok, consistency is key.
Be mindful of the analytics and create content to serve your target audience. Eventually, you will be able to monetize your content by either running ads on your videos on YouTube or land brand sponsorship deals.
6. Create an online course
If you are an expert in a particular niche, you can create an online course on learning platforms like Udemy. Or release snippets of your course and offer a live training course to small groups of people at a time.
You can then use your personal brand to drive people to purchase your course. You should also leverage the power of social media to grow your audience and get more people to buy your course.
7. Become a freelance writer
If you can write well, chances are you can become a freelance writer. Start looking for gigs on platforms like Fiverr, Upwork or join exclusive Facebook groups for freelance writing. Build out a portfolio of sample content if you don’t have any published work and pitch to clients that you would like to ideally work with.
The pay scale varies depending on the type of content and the industry, but you can make a decent income off freelancing, which is why many people have taken to freelancing full-time.
8. Create an app
If you are good at coding, this one’s for you. A lot of people are looking to create basic apps as part of their personal branding or online course. These apps are usually simple to make and can become a decent side hustle for you.
All in all
There are numerous ways to make money online. If you have an appetite for high-risk investments, you can also consider investing in cryptocurrency or real estate. This will serve as a way for you to make passive income so that you can focus your attention on other important things.