Dan Radak, Negosentro | The internet is littered with articles and websites that claim you can make a lot of money by during virtually nothing at all. The truth is, almost every single one of them is either sales pitches or even worse, scams designed to take money from unsuspecting individuals. There are numerous legitimate ways you can generate a revenue online, as long as you’re prepared to actually work for your money. Whether you’re looking for some side cash or long-term, sustainable income, here are five legitimate ways to earn money online.
Run a blog
Running a blog is one of the oldest and least straight-forward ways of making money online and has remained relevant to this day. You have to create valuable, high-quality content and publish it on a regular basis in order to attract like-minded individuals that are interested in finding information, products, and services that are related to your specific niche. Once your brand and authority are established and you have a large enough following, you can monetize your blog by advertising, affiliate marketing, offering memberships for exclusive content, offering products and services or publishing sponsored posts.
Freelance writing has become very popular over the last couple of years and there’s a lot of companies that pay well to write articles that feature their products and services. The best way to start is to create a profile on one of the many freelancing platforms available online and look for a job that features topics you are most interested in. You only need a computer or a laptop, an active internet connection and passion to write. When it comes to writing e-books, the best strategy is to stick to practical subjects that engage readers or write about topics that people can use to learn new skills. You can also check out this helpful article from Fitsmallbusiness.com, How to Write & Publish an eBook in 6 Steps.
Make YouTube videos
YouTube is one of the largest video sharing platforms in the world and a source of revenue for a lot of people. Top YouTube channels are making millions of dollars and generating hundreds of millions of views each year. There are countless niches to choose from such as music, news, travel videos, all sorts of reviews, guides and how-tos, vlogs, etc. Just like with running a blog, you have to create interesting and engaging content and upload it on a regular basis. Just make sure to keep them family friendly in order to avoid any monetization issues.
Stock trading has become increasingly prevalent and people have been making money trading stocks online for some time now. But stocks aren’t the only thing you can trade and people are starting to show interest in generating profits by investing in commodity trading. The reason behind this is that changes in the stock market have a far lesser influence over the prices of commodities. You can trade gold and other precious metals such as silver or platinum, crude oil or even livestock and agricultural plants.
Teach English online
Globalization and the emergence of new marketplaces have created a high demand for English speakers in various parts of the world and Asia, in particular. This made teaching English as a second language is an excellent opportunity for native English speakers with no formal education or teaching experience. However, non-native English speakers might be required to provide an English diploma or some other proof of knowledge. Most companies offer their own curriculum, but some might ask you to provide your own.
There are countless other things you can do to earn money online, including becoming a virtual assistant, renting out the room using online rental services or sell the stuff you don’t need. But none of them is capable of generating a sizable income without putting in work. Even if you don’t succeed at first, you can always try out different things until you find the one that works best for you.
Dan Radak is a marketing professional with eleven years of experience. He is a coauthor on several websites and regular contributor to BizzMark Blog. Currently, he is working with a number of companies in the field of digital marketing, closely collaborating with a couple of e-commerce companies.