The worldwide pandemic Coronavirus has somehow made many of us to stay indoors and people only go out when necessary. As a result, many of us are increasingly seeking various ways of making money online while they are either quarantined or staying indoors.
Due to the advance in technology and the ever growing demand of the economy, many people, especially those of the Millennial and the Gen Z categories are being offered with abundant opportunities for entrepreneurship, wealth creation, making income online and even time freedom.
The major issue, however is, most of these information found online is outdated or inaccurate. Making an income from the comfort of your own home has never been much easier as compared to ten years ago. As long as you owned an internet accessible computer and in regardless of your age, religion, educational level and skill, making money online definitely works provided the person takes the necessary action and put in efforts.
Top 6 Effective Ways on How to Make Money Online
This allows you to sell products without ever needing to physically store them before delivering to your buyers or having a huge fund for inventory. You (aka the middleman) will liaise with a supplier who will ship the ordered items to your customers from their respective storage locations such as warehouses. You only need fork out the drop shipping cost after your product has been sold which you also have received the payment from the buyer.
It may sound pretty easy but you need to do your homework by selecting the right niche product that is not oversaturated with your competitiors. In other words, you ought to differentiate yourself distinguishingly through marketing.
When selecting a reputable supplier, you also need to consider factors such as the product’s delivery lead time, the packing condition suitability of the ordered item and the customer service support to their customers.
2. Print on Demand(POD)
POD is proving to be a popular choice among people who are trying to make an income online. Nowadays, freelancers like creative designers are relying on business model to promote their designs on clothing, mugs, recycled bags and more to create their awareness. With these dazzling designs, they can then establish a reputable brand for their business.
POD enables you to create customized products in a short period of time. Definitely you can give it a try as it is a low risk online business although you need to be equipped with creativities and imaginations when it comes to designing as well as the need to get a well established supplier.
3. Affiliate Marketing
This is one of the easiest ways if you know what you are trying to promote your niche products to the right group of people with similar interest using free and paid traffic. Affiliate marketing is when an online retailer pays you a commission for either directing traffic to the particular product’s sales page or sales generated from your referrals.
But if you do it wrong, meaning not doing adequate home research, it can be tough for you in trying to keep up with the earning for this making online income method.
Yes, you can make money through affiliate marketing even while you are asleep using the various automation methods such as having an autoresponder to send out emails to your subscribers or followers who are following you via your website, blog, email list or other social media platforms.
Blogging is one of the most common ways to earn income online. You simply write your own blog such as doing a product review or make money from Google Adsense by running ads on your website.
Simply get a hosting such as Siteground for your website, a domain from Godaddy that you wish to name your website, a webpage builder such as WordPress and an autoresponder such as Aweber or Get Response and you are all set to go!
Once you have started to write your own blog, you will need to know how to rank your articles on Google for free organic traffic. You can research the right keywords using SEO related online tools like UberSuggest, Jaxxy & Google Keyword Planner.
Some popular ways to make money by blogging include offering of online courses and workshop seminars, affiliate marketing, offering of professional expertise either as a mentor or trainer and selling freelance relate\ed services such as creating video animations, creating video thumbnails and setting up company websites for clients etc.
5. Work As Freelancer
An increasingly popular home business idea is providing freelance services to clients online. This includes article writing, graphic design, data entry, digital marketing, creating YouTube video thumbnails and much more!
Almost every role an online business would hire for is viable as a freelance service. Some of the well-known freelancing websites which freelancers can register for free to seek pay assignments are Fiverr & Upwork. Simply put, master a skill first before advertising your service on the various freelancing websites.
To stand out among the crowd of freelancers who are offering similar services as yours, try to convince your prospective clients on why they should hire you instead. You can then offer your customer additional perks on top of your usual freelancer service or simply charge them at an irresistible price as compared to your rivalry freelancing competitors.
6.Work As Tutor/ Teacher/ Trainer
Becoming an online tutor is a great way to make money from home. You will mostly require a video-conferencing app like Skype, Zoom or Google Hangouts which you can install for free.
If you are either an expert on something or if you have vast knowledge on a particular popular topic or subject, it is preferably for you to create your own online course or even better set up your own membership website. This can in turn become a great resource of passive income because you get to sell your own course using the “rinse and repeat” method.
Do note that some online teaching platforms do accept tutors or teachers even though they do not have the relevant academic qualifications. But you still will need to undergo some background checks or need to make a video of yourself proofing that you have the ability to conduct teaching online. Hiring a fitness online trainer (if you fit the requirement and have the relevant experience) and getting a suitable fitness app are the latest trend nowadays due to the ever increasing number of healthy conscious people worldwide.
These are few but proven ways to make extra money online as mentioned.
As we are currently experiencing this pandemic worldwide Covid-19 crisis, most of us will somehow be affected directly or indirectly. The opportunities to earn money online while you are staying indoor are only becoming more abundant and demanding.
You can start picking up freelance jobs, start an online dropshipping store, create your own products such as training courses, or simply promote other people’s products on a blog. All you need is to take consistent massive actions and the determination not to give up so easily if you ever encountered any obstacle along the way.
Start working on your new business today to build something meaningful and beneficial to you. Just make sure your time and effort is put to good use (cut down on watching Netflix or hanging around at pub) and you will be eventually be rewarded handsomely!