The Top 7 Ways to Make Money Online Now
It used to be that an average Joe would have to slog away at his job for years, even decades, to achieve financial success. Who would have thought that, today, an ordinary person would be able to receive executive-level salaries in a relatively short period working from the comfort of his own home?
Nowadays, the number of so-called Internet millionaires makes up a significant portion of most “richest persons” lists. Most of these people are young; some of them are undergrads or drop-outs. How did this happen? It happened because the Internet has made it possible for us to make money from careers that didn’t exist a decade or even half a decade ago, and because these careers present themselves to people with innovative ideas and who know to grab an opportunity when they see one.
Below are seven of the top ways to make money now online.
Ways to Make Money Online Now – Sell physical goods.
Let’s start with the most labor-intensive option. One of the most popular ways to make money online now is e-commerce. If you have a product that you are proud of, setting up an online shop or registering at an online auction site is the most cost-efficient way of selling it. The downside to this is that you will have to do a lot of work: purchasing your supplies, taking orders, dealing with customers, product development, and shipping the items. But the good thing is that once you get the hang of it, it can be a solid, long-term income source – one of the most long-lasting in this list.
Ways to Make Money Online Now – Sell e-goods.
Electronic goods such as e-books are easier to sell because they can be easily transferred and downloaded through the Internet. There’s no need to physically handle the product, which saves on shipping and handling fees, and there’s no need to worry about inventories. Because the product is in digital format, the supply is unlimited.
E-books are some of the most profitable e-goods around, and writing and publishing one isn’t as hard as you think. Find a niche market to which you can contribute your expertise. Take it from Tim Ferriss and self-publish through Amazon or Barnes & Noble. You can receive a commission of around 70% with every sale.
Ways to Make Money Online Now – Sell your photos.
This is one of the simplest ways to make money now online. The demand for photos on the Internet is astounding! Stock photography websites sell an image almost every second, which translates to millions in profits every year. If you’re into photography or just like to take good photos, consider selling them as stock images.
Ways to Make Money Online Now – Earn from ads.
If you have a blog or a website, you can rake in ad revenues. This means that you let a company advertise on your blog and whenever a reader clicks on the ad and makes a purchase from the company, you receive a commission. What’s great about this is that it’s passive income. You never have to deal directly with customers and the company tracks the sales you generate for you. To succeed at this, learn about SEO, how to get your page to rank higher, and how to make money from affiliate marketing programs like AdSense.
Ways to Make Money Online Now – Capitalize on your skills.
Writers, transcribers, translators, web developers, consultants, graphic designers, coders, and other skilled workers are in high demand on the Internet. Signing up at a freelancing site is a great way of using your extra time to boost your income. Many part-time freelancers eventually earn enough to leave their regular jobs and focus on freelancing.
Ways to Make Money Online Now – Work as a virtual assistant.
Most companies and business people now know that outsourcing some of their projects and business processes can be much cheaper and more efficient than handling their own employees. Instead of hiring full-time workers, they turn to websites such as Elance, oDesk, and Guru for skilled individuals capable of taking on specialized tasks. As a part-time virtual assistant, you might be asked to provide administrative support, compose e-mails, book tickets, handle phone calls, and interact with customers. This is a relatively easy job that pays roughly $20 an hour – not bad for a part-time gig!
Ways to Make Money Online Now – Trade stocks.
Probably the most risky suggestion on this list, trading stocks is not for the faint of heart. Though the number of online stock traders has more than doubled in recent years, this is not an activity that should be taken lightly. To succeed in this endeavor, you have to do a lot of research and learn the ins and outs of buying and selling stocks online. Many people make a living from trading stocks, but there are also many who have lost money attempting it. Choose the right broker, learn to recognize the best stocks, and use low-risk trading methods.
These are just a few basic, easy ways to make quick cash online. Not easy, as in “no effort required” – no, these aren’t get-rich-quick schemes. “Easy” here means these are not back-breaking jobs and you don’t have to wait years to reap the financial rewards. As in the real world, trying to make legitimate money on the Internet does take hard work and patience.