This post may contain affiliate links, these are shown with a *. If you click on the link I may get a small referral commission, this does not affect the price you pay.
The following article has been provided by Mike Stuzzi over at The Money Galileo.
Mike is a blogger and content creator, that created the Money Galileo, a relatively new blog, to teach people to become money minded and achieve their financial goals.
Many of your problems could go away if you had a way of generating extra income.
Maybe you want to pay bills, get out of debt, or replace your 9-5 job and travel the world. But then you still don’t know how to get any of that done.
In most cases, finding a physical job is a challenging process. You need to meet a good number of qualifications before getting employed.
That’s why you need to consider the countless opportunities on the Internet and make money online!
You may have heard a lot of success stories about people who make a living from home.
While it’s true that there are lots of scams on the Internet, you can achieve a lot if you know some real ways to make a killing online.
Here come 8 proven ways to earn extra income from home:
1. Become a Freelancer
Freelancing lets you earn money by performing remote tasks for clients. A lot of online jobs revolve around freelancing. Here, you only need a skill or two to get started.
The good thing is that you don’t need to be a field expert to become a freelancer. You only need to find your first client and give them an admirable piece of work.
They’ll always be willing to put in a good word for you and help you land your next gig.
The following are some platforms where you can sell your freelance services online:
- Fiverr
- Upwork
- PeoplePerHour
It can be hard to get people to buy your skills when you’re a new user on these freelancing sites. That’s why it’s necessary only to submit high-quality work that boosts your ratings and rankings.
Aside from the mentioned freelancing platforms, there are several other ways to find freelance jobs online. Some of them are job boards, Facebook groups, and cold emails. It’s essential to test a few strategies at a time to figure out what works best for you.
2. Affiliate Marketing
If you want to earn cash without having a product to sell, affiliate marketing is for you. Most companies need someone to recommend their product to more customers. While many pay 10 to 20 percent in commissions, the rates can go as high as 100 percent.
It’s helpful to check the credibility of a seller or company before starting to work with them.
Affiliate marketplaces are great for finding legit products to promote. There are thousands of sellers willing to pay someone like you to expose their products and boost their sales.
Some top affiliate marketplaces are:
- Clickbank
- Amazon Associates
- CJ Affiliate
Some strategies for promoting affiliate links are social media, landing pages, and emails. Whatever the strategy you intend to use, make sure that your target audience is interested in that niche. Let’s say you have an affiliate link for a finance book.
You can either promote it to your friends who struggle to manage money or members of a Facebook group about entrepreneurs. Remember to provide reasons why anyone should buy it and add some testimonials, if possible.
3. Start a blog for money
In the past, blogging has been associated with hobbies like food, pets, and travel. Today, you’ll find lots of blogs on the same topics but a different goal. And that’s making money online!
When starting a blog to generate money, passion isn’t the only thing to consider. You could passionate about celebrity gossip, but there’s a lot of trouble that comes with blogging about that. You can’t give up because you need to earn cash.
You have to find a niche that makes you money with every thought, story, or tips you share.
Your blog should be about something a lot of people struggle with. Some examples are health, wealth, and relationships.
The next thing after finding a niche is to buy a domain name and start building your website. You can either hire a web developer or use a website builder such as Elementor.
As soon as your blog gets a decent amount of traffic, use ads, sponsored posts, or products to monetize it.
4. Guest Posting
If you don’t feel like starting a site, there’s still a chance for you to make money blogging by writing a guest post.
Every niche has blogs that need new writers for a few posts or as a full-time gig.
This way, you make money as a blogger without building traffic and other things you’d have to do if you owned the blog.
A simple way to find blogging opportunities is by searching “write for us + your niche” on Google.
Be sure to confirm that the website pays their guest authors. Submit your pitch or article as per the site’s instructions and wait for a reply.
Although most sites don’t allow it, you may include your affiliate links in your blog posts and maximize your income.
Ensure that the link looks relevant to what you are writing about.
Another bonus to guest posting is that you can get new followers by adding your social links.
5. Publish Instagram Sponsored Posts
Sponsored posts have quickly turned into the top ways to make money on Instagram. Besides sharing silly photos, throw in some sponsored content, and record videos as you laugh your way to the bank.
There are lots of brands with big budgets for influencer marketing on Instagram.
If you need a chunk of this money, reaching out to such companies can get you some deals.
It works best if your follower count nears or is higher than that of your targeted brand.
Another way to get opportunities for sponsored posts is by using influencer marketplaces.
You’ll find brands to work with depending on your niche and the number of followers or engagement rates you have. These marketplaces include:
- indaHash
- Glambassador
- Intellifluence
When it comes to charges, the influencer earnings calculators available online can help you make a decision.
If the brand contacted you, let them state their budget.
6. Sell Crafts on Etsy
Etsy is the best platform to make money online by selling crafts. If you’re skilled in creating handmade goods, you can start a business on Etsy at low costs. Some bestsellers on Etsy are:
- Jewelry
- Beads
- Homemade Kids’ clothing
- Pet supplies
- Wooden toys
It’s possible to sell digital goods if you aren’t a fan of dealing with physical products. Such items include wall art, stickers, and planners. Buyers can easily download your items without you having to package and ship them.
Creating a listing cost $0.20 (£0.15p) on Etsy. The listing lasts for four months on the marketplace or until someone buys it.
You also get charged a transaction fee of 5%, and are charged 4% + a payment processing fee £0.20 if you accept payments though the Etsy.
These affordable costs make Etsy one of the easiest and cheapest platforms to join as an online seller.
Don’t forget to use an attractive description and product photos to get buyers more interested. Giving discounts and shipping items for free is also a good idea for increasing purchases.
7. Buy and sell domains
Domain flipping has been with us since the dawn of the Internet. Although it’s now more challenging than ten or twenty years ago to find unused domain names, the business is still profitable. And it’s legal to profit off it!
As a domain flipper, you buy domains at their regular prices and sell them for more money.
The domain Hotel.com was reportedly sold for $11 million. You can hardly come across such a golden domain name today, but some creativity won’t hurt.
Keep in mind that domain flipping requires some work too.
You have to reach out to individuals and companies to become more successful.
Putting in your time and effort to find the best buyer is the way to go if you need high profits.
Skills such as research, marketing, and negotiation come in handy in the domain flipping business.
8. Offer Social Media Management Services
If you love spending time online, becoming a social media manager might be an excellent fit for you.
Your work as a social media manager involves managing the social accounts of brands, business people, and celebrities.
Most of the time, big brands hire in-house social media managers. It could even be an entire department dedicated to social media account management.
But the majority of small businesses work with account managers on contract.
Making money as a social media manager becomes simple if people find you skilled and trustworthy. You have to ensure that your social profiles are of good quality when it comes to engagement.
A few certifications can also boost your marketability and get you the contracts.
You can go a step ahead and create a social media management business online.
This approach enables individuals and companies to easily find your services and contact you for their marketing needs.
You get a chance to focus more on promoting your business rather than reaching out to specific brands to get hired.
Final Thoughts
Everyone is eligible to make money online. Whether you’re a student, graduate, or someone that wants out of their job, the time to achieve financial independence is now.
All you have to do is figure out which online side hustle works best for you. Pay attention to your passion, interests, and whatever is trending in the market so that you can act on opportunities while they’re still hot.
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