This is one of the most common ways that passionate writers share their thoughts and ideas. While they may blog for fun or just because they know they have something to share, it is possible to mix pleasure with profit if you want to generate some revenue. The premises of success don’t require technical skills, but smart planning ahead. You need to pick a niche, write good content regularly, and find ways to attract followers and keep them loyal. Once you have built a large following list and increased the traffic to a steady level, the second step is to either sell your own product or introduce multiple ad networks, like AdSense or InfoLinks. You will get commission just for promoting other people’s products and services, meanwhile indulging yourself in writing.
- Affiliate marketing
Getting a commission for promoting or selling products online is called affiliate marketing. It is more preferable and comfortable than physical commerce. Whether it is on your own blog, like mentioned above, or through other channels, like the huge platforms of eBay or Amazon, the best part is that you don’t have to lift a finger to get a commission. You can also choose whether you want to help the merchant sell his product or just to redirect potential customers to the merchant’s site or venue. For example, Amazon has an affiliate program that offers uncountable opportunities to receive a good percentage of the product’s worth or price, especially if you love gadgets and the tech field. Among the highest rated is eBay, since it guarantees abundant traffic and an easy transaction process.
- Build apps
New and creative applications are always in high demand for smartphones and if you are a tech-savvy person, this is certainly the best way for you to make money. To build an app costs you next to nothing, as it doesn’t call for shipping or storage costs. But you should do your homework in advance and learn how the profit potential depends on market penetration and platform popularity, because this is definitely a winner-takes-all economy. Once you get on a winner’s team, the passive income will surpass any expectation. Developing smartphone apps is a great strategy to make money in more ways than just developing and selling them. You can test them to discover bugs, you can improve existing ones, you can write paid reviews about them, etc.
- Trade stocks online
Stock trading is for cold-blooded people who could lose money without many regrets or earn money without much enthusiasm. If you get too emotional with your budget, this risky arena is definitely not for you. However, those who want to try their hands at the stock markets are advised to do their research ahead of time, find a reputable broker, use a demo account before going live and then to start small. The easiest way is to start exchanging foreign currencies. Since their rate fluctuates depending on economic and political changes in the world, the trader’s job is to estimate the price changes so that the stock or currency you bought has an increased value compared to the one you sold. The more time and research you put into it, the more money you will earn.
- Buy and sell domains or websites
Websites and online domains can be like real estate in the physical world. You can buy them for very cheap and just trade them for profit. Or you can build something valuable on that “land” and sell it later at a higher price. You need to fill it with something that can sell well and then promote it through social media. The factors that determine your success include the host, the template, the content, and more than anything the name of the domain itself. Exclusive titles can earn you thousands of dollars if you know how to choose them. Then, if you spend time developing, optimizing and attracting traffic, the worth of the website grows exponentially, because there are people out there who are not willing to start it from scratch, but are ready to pay more for a well-developed website.
- Sell on Ebay
Almost each article about making money online mentions eBay as the most common source for generating some revenue. It is the best global market for second hand commerce. People sell personal stuff on this platform, many of them start an eBay store and some of them even sell books about how they got rich selling items on eBay. Of course, the second choice brings you a regular income, but you have to build a strong reputation among the buyers, which is mostly about positive reviews. For example, you need to be honest about used items and their issues, to take clear pictures of them and to offer good customer service. A good auction selling price is also important, because it is essential to know where to start and where to stop the transaction.
- Sell stock images
Without proper equipment and a real knowledge of the ins and outs of the art of photography, you cannot launch into this profitable business. But if you think about the huge reserve of revenue that comes with it, investment in a good quality digital camera and in some professional training won’t seem like a financial burden anymore. Some photographers prefer to sell photos exclusively on microstock websites like shutterstock.com, while others want to be in total control of their work and income, so they choose to promote their photos on their own websites. All of them started by building a strong reputation online with a consistent portfolio, so if you consider selling photos, it is better to do it on your own until you get the necessary recognition. Upload them on a personal blog or website and automate the selling process.
- Find sites that pay
You won’t get rich using these sites, but they are a great way to earn yourself some extra cash. Such methods are devised for curious people who love surfing the web and testing everything. The target public is the teenage sector, but other people are welcome as well. From being paid for just signing up to playing games, from filling out surveys to testing different products, there are many possibilities to make money on these get-paid-to sites. You are not supposed to have a specific set of skills to take an online survey. It is just about answering questions ranging from lifestyles to new released gadgets. You only need to register for free and do whatever they ask you to do. Again, this won’t turn you into a millionaire, but it can earn you some pocket money in an easy way.
- Create YouTube videos
The stories about people who got famous overnight due to a video uploaded on YouTube are a real impulse to those who want to get recognition for their talents. Not all of us are that lucky, but still this is a common way to generate some income. If you have something to share with the global audience, then probably this is the easiest way. You can follow in the footsteps of those who create reviews of different products or how-to tutorials, or you can simply upload entertaining clips of yourself on YouTube. It is not easy to hit one million views, but with a steady stream of great videos, you will see your audience growing constantly to that point. Then all you need to do is to connect your channel to an AdSense account to monetize videos.
- Create e-books
E-books, or self-publishing, is getting more and more popular, and Amazon specialists estimate that e-books are selling much better than hard cover books. If you are into writing, think about this huge industry and its opportunities. The advantages of e-books are numerous: the entire process is easier than going through a publishing house, it is low-cost, you don’t need to pay marketing affiliates, and it is kind of passive, since a good e-book could generate money over years if it keeps selling well. The best part about creating e-books is that you just need to work one time on the product and then the online markets like Amazon will do the entire job for you.