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Saturday, July 20, 2024

Beginners Guide: 7 Ways You Can Make Money Online

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You can make money online more than ever before. Years ago I read the book, Multiple Income Streams by Robert G. Allen and he described how working on a part-time basis from home you can generate multiple income streams.

The book was originally published in 1998 but never has the book been more timely. You can make money while working from home.

There are now many good opportunities to make money online. The internet continues to provide new viable and innovative ways to start and grow a business. If you are looking to start something, or simply create another revenue stream, or work from home, the internet and new technology provides the framework to achieve success.

Here are 8 ways you can make money online:

1. Create Audiobooks

You can put your good speaking voice to good use by creating audiobooks. Audiobooks have become popular as people prefer audio and visual content, and technology has made this possible.

You do not have to write the books you want to convert to audiobooks, rather you can make money by creating audiobooks for other authors. Another option is to convert public domain books to audiobooks and make them available for people to purchase online.

Public domain books are books with no copyright, meaning that the copyright has expired. For instance, all books by Anton Chekhov, James Joyce, Leo Tolstoy, William Shakespeare, Oscar Wilde, John Milton, and Arthur Conan Doyle are in the public domain. There are currently tens of thousands of books that I know of that are in the public domain.

It means you are free to publish these books, adapt them, use them to create a screenplay, etc without having to pay anything.

2. Dropshipping

Dropshipping is another way to make money online. With dropshipping, you simplify the online marketing process. If you can run a website, or you can create and run an account on shopping sites like Shopify and Amazon but don’t have a warehouse for inventory, then dropshipping is the way to go.

Dropshipping allows you to promote and sell your products even if you don’t have a warehouse for your goods. All you need to do is to have an arrangement with the supplier that can produce goods and store them for you. You then deal with the customers, get orders, and arrange for the supplier to ship to the customer. You can learn more about dropshipping on WorkBerry.

3. Freelancing

Freelancing means working on a contract basis or project basis rather than on a regular basis for a company or organization. In freelancing, you get paid per hour, per day, or per project you deliver.

If you have professional experience in an area such as SEO, web development, social media marketing, website design, graphics, editing, accounting, writing, book illustration, etc you can work as a freelancer.

You can offer your services through gig sites such as Upwork or Fiverr, or you can use your contacts to offer your services directly to companies and customers.

4. Become a YouTuber

If you are good on camera and have a good speaking voice you can create video content on YouTube. All you need is to create good content and upload it. You can cover anything from gaming, video tutorials, DIY videos, product reviews, gossip, celebrity, or viral news. The opportunities are endless.

You do have to provide compelling content regularly and promote your YouTube channel in order to get subscribers. YouTubers earn money from YouTube ads, and companies also pay them as influencers and brand ambassadors.

5. Affiliate Marketing

Another way to make money online from home is to promote another company’s goods and services for them. All you need to do is set up a website, or use your current website, create content that draws in traffic and page views, and then encourage readers to buy the products.

You can also leverage your social media audience to increase traffic to the site as well. You can also use your social media audience to promote the products directly without a website. Affiliates for digital products can make about 30% to 50% of sales, while physical products usually are lower than 10%.

Creating a niche website and providing content linked with the products you are promoting is the way to find success in the affiliate marketing space. Remember, traffic to the site is key if you are using a website!

6. App Development

Nowadays people use smartphones. If you are a programmer and can create apps, then you can go ahead and do so and make money online from it. When you create your apps, you can make them available for purchase on Google Play and other App platforms.

It is important to make sure that you monetize your app; think through how the app can make money. Will it be an app people have to purchase or subscribe to monthly, or will it contain ads, or will it have in-App purchases? In order to improve the chances of success, ensure your apps are useful to people, solve a problem, and enhances the quality of life of the user.

People tend to be willing to pay for something that solves a problem.

7. Offer Online Courses

If you have experience in a particular field, you can teach, or you are skilled at something and you feel like teaching is your passion then you can do it online. From cooking to programming, there are lots of people out there willing to pay you to teach them a thing or two.

Decide on what it is you want to offer courses on, and then create the courses. You need to get your courses on a platform where people can buy your courses or partner with a website.

Putting It All Together

There are many opportunities to make money online but you need the will to begin. The earlier you start, the earlier you begin to make money. You have to be willing to persevere because you are creating something that will continue to yield an income for years to come, in some cases even while you sleep.

All the opportunities presented here require an internet connection and a computer. Some require other tools like a video camera and a tripod. You may also need to purchase software/or subscribe to a platform that you can use to create your product or offer your service.

If you would like to order a full customized report on how to get started with one or more of these opportunities, email [email protected]

The report will be customized and will contain the following:

1. How to get started.

2. Tools, resources, software, etc you need.

3. Step-by-step process to start and to set up.

4. How to promote your services.

5. How to reach your customers.

6. What platforms to use.

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