Inflation is currently at a 40-year high and is sending prices up. While pruning and budgeting can help, it’s not enough.
If you’re on this ship – or want to reduce financial stress, you may want to consider creating a second, passive income stream.
Fortunately, the Internet makes it easier than you think. There are many ways to make money online – without any special training.
Are you thinking about creating a passive income flow? Here are seven ways to make more money online.
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1. Start a blog
Blogs these days are not just for fun. They can be rainmakers of money if done rightly.
The key is to choose your topic, build an audience, and then monetize your blog. You can do this through affiliate marketing, which earns you a commission when someone clicks on a monetized link or buys a product promoted on your blog.
You can also try selling and displaying ads on your site. Additionally, you can start using a tool like Google AdSense later.
CREATE WEBSITES AND BLOGS NOW!
2. Conduct online surveys
Giving feedback and participating in market research can also be a quick way to make money online.
Some of the most popular survey sites include Survey Junkie, Swagbucks, OneOpinion, Opinion Outpost and Ipsos iSay.
Remember: it will not bring much income. Swagbucks says its members earn about $1 to $5 a day. Therefore, it is important to conduct a survey before embarking on or committing to an online survey.
3. Launch an online store
If you are the creative type, you can start an Etsy store. Etsy’s retailers offer everything from jewellery and clothing to artwork, invitations, message boards and more.
If this is not your style, you can start a drop-shipping shop. With this strategy, you are actually running a business. When a customer places an order, you order this product from a third party (usually a manufacturer, retailer, or wholesaler) and ship it directly to the customer.
Shopify has a complete drop-shipping guide that you can use to get started (and you can also use its platform to build your store).
START YOUR ONLINE SHOP ON WEEBLY
4. Register on the gig platform
There are many platforms for working at online gigs. For example, Amazon Mechanical Turk is a place where you can do small tasks for companies around the world. This may include moderating the content, participating in the survey, or transcribing the audio.
Clickworker is another similar platform, or if you have specific skills – such as copywriting, editing or graphic design – you can use freelance platforms such as Fiverr, Freelancer.com and Upwork to connect with potential clients.
5. Launch your YouTube channel
YouTube‘s creators can make a lot of money – and it doesn’t take a lot of skill.
You can create tutorials or explanatory videos on almost any topic, or be more personal and place yourself in videos. You can interview experts on the subject, give tips and tricks or even show that you play a variety of video games, mobile or board games.
The most important thing is to find a niche and build the following. You can integrate Google Ads, become a YouTube Partner, and even make money through membership, live chat, and subscriptions.
6. Be a transcriber
If you are a fast scribe, you may want to consider making some online transcripts for money.
All you have to do is listen to the audio files and write what you hear. You get paid per piece, so the faster you write, the better – at least financially. Rev.com, GoTranscript and TranscribeMe are just some sites where you can find online transcripts.
7. Testing of websites and applications
Do you like a technically experienced type? If so, you may be paid to try out new websites and mobile applications and troubleshoot.
For example, on UserTesting.com you can test new sites and products from brands such as GoDaddy, Hello Fresh, HP, Subway and Canva.
All you need is a reliable Wi-Fi connection, a microphone, a computer or a mobile device, and you can get to work. BetaTesting.com, UserZoom and Userlytics are other similar platforms.
There are many ways to make money online fast
If none of the above suits you, you can also become a virtual assistant, sell your photos on photo websites or become an influencer on social networks if you can add enough followers.
A side gig is available for everyone. You just have to know how perfectly you fit.