The internet has impacted our lifestyles, communication, methods of sending and receiving information, as well as the modes of transactions. Many goals can be achieved with the aid of the internet and making money online is one of them. Looking back 20 years ago, no one could imagine making money out of the internet, but now there are hundreds of legit ways to make money online.

According to research conducted in 2019, there are 1.92 billion digital buyers as more and more prefer digital banking as compared to brick and mortar branches.

So if you also want to make money online and see how it can change your life, you should consider the following ways that have been tried and tested.

Making money is art and working is art and good business is the best art.

Andy Warhol

1. Start A Blog

People love to explore knowledge via the internet and you can make money by posting useful content on your blog. You can easily make 1000 dollars in a month by blogging without any considerable investment.

There are several ways to monetize a blog: You can add affiliate links or place ads strategically on your website. You can become an influencer that does promotion with sponsored posts. You can sell digital or physical products that your audience would enjoy. Or you can post freelancing services.

While blogging is low investment it can take time to build your audience. But it is one that can potentially yield high results in the long run.

How to start a blog?

If you want to start a blog, all you need to do is to have a website that you can create by purchasing domain name and web hosting. The average cost of web posting is $3/month which is quite affordable for most people.

The authenticity, uniqueness, and originality of your ideas play a vital role in ranking your blog on search engines and generating handsome revenue out of it.

2. Start a YouTube channel

Next only to Facebook and Google, YouTube is the biggest website where you can upload videos and get very good traffic. You can make a lot of money if you can update the channel regularly and post interesting videos.

Do pay special attention to the optimization of titles, tags, and descriptions.

Once you complete the milestone of 4000 watch hours and 1000 subscribers, you can monetize your YouTube channel by applying for AdSense approval.

You can even start with just your phone to kickstart your Vlog but investing in a good camera will definitely boost your views.

3. Make Money Freelancing

Freelancing is a contract-based profession where you use your skills, education and experience to provide service. You can take on multiple clients without committing to a single employer and the number of assignments or tasks you take on  comes down to your ability to deliver. Although you take contracts to work for companies, ultimately you still work for yourself.

Many of the projects that freelancers perform can be delivered over the net without being present at the company or clients place or even in the same country. In fact an overwhelming majority of freelancers prefer to work remotely.

There are a number of lucrative means to do freelancing on, some of which are: Writing or Copywriting, Teaching online, Becoming a virtual assistant, Transcriptionist, Be a developer (programming/coding), Marketing, and many more.

On the Internet, you can find millions of people who are looking for products or services. You can become a freelancer and offer your services to potential clients. By continuing your working relationship with one or more clients online, you can earn a good living.

The Pro tip

You can also sign up to various online freelance marketplaces to get in touch with potential customers. Some of the most common marketplaces include Fiverr, Upwork, and Guru.

4. Start Dropshipping

Many people want to start an online E-Commerce business but they do not have the capital to buy and store inventory. Here comes the role of drop shipping into the picture.

It is the business model in which all you need to do is to set up an online store and leave the rest to third-party suppliers.

Your main responsibility in dropshipping is to find potential customers and take orders from them. After the confirmation of the order, you send all the required details to the suppliers. The supplier company takes care of product storage, packaging, and shipping.

In dropshipping business, there are minimal chances of loss because you display products of other online stores such as Amazon (FBA) Alibaba. you only ship the item from the stores when you have received payment from the customer.

5. Print on Demand

Print on demand is a process that allows sellers to customize their own designs and sell those items. You can sell individual copies of the items at the time of the order; this eliminates the need for inventory or holding of stocks.

In this business model everything is handled by the printing companies. When a customer places an order they would add your design to the product, handle the fulfillment and ship it to the customer. With this model it makes it a subset of dropshipping. The difference from dropshipping though is that you have control over the designs on your products.

You can create and sell products that are printed on t-shirts, hoodies, phone cases, shower curtains, mugs, bags and more. You upload your images to the print on demand company, market it on your web store and split the profits for every sale. Some of these print on demand companies are: Redbubble, Printful, Printify, Merch by Amazon

Print on demand can be a passive income source once its up and running.

Read more about Print on Demand

 6. Sell Digital Products

Digital products are intangible assets that exists in digital form. It can be sold online without the need to replenish the inventory. It is easy to distribute and oftentimes simpler to create. Most importantly you only need to do the work on the creation ones and it can be sold infinitely.

Digital content experts, course creators, and educators can enjoy a lot of business opportunities by selling digital products online.

So if you do not have any knowledge about how to stock, buy and ship the products, learn to create and sell digital products.

Some of the digital products include eBooks, online courses, and copyright music.

Digital products can be another good source of passive income when you have proprietorship you can earn by royalties.

7. Become An Affiliate Marketer

Affiliate marketing is an advertising strategy in which you promote the products of a company and generate revenue for referring the products to others. It allows you as an “affiliate” to profit from the products sales without having to create any of your own.

If done correctly it can be a great source of passive income. Affiliate marketing is a low-risk business model with little to no investment.

You can also integrate affiliate links into your blog’s content and make money when someone clicks on the link or makes a purchase.

The easiest way to find affiliate products is by visiting an affiliate marketplaces such as: Clickbank,  Shareasale

Another option would be to check on company websites of the products and services that you like if they offer an affiliate program.

Amazon Associates Program is one of the biggest affiliate networks in the world. So if you can generate enough traffic, you can generate a lot of money through affiliate linking.

Read more about Affiliate Marketing

 8. Start A Podcast

In recent years, this medium has exploded in popularity due to its versatility and ability to provide up-to-date information. You can create downloadable podcasts for easy listening.

Make sure to provide unique, interesting, and useful information in your podcasts.

A recent study shows that 39% of small and medium business owners and 72% of owners of companies between 100-500 employees listen to podcasts, so we can realize that people listen to podcasts, both for entertainment as well as informational purposes.

If you have a unique speaking talent that can impress the audience, you should start a podcast by launching a podcasting website.

Final Verdict

The opportunities online are becoming more and more abundant. Some of these doesn’t really need much to put up apart from your determination to make things happen.

Take your pick and start your online business now and make money online.

The difference between the impossible and the possible lies in a man’s determination.

Tommy Lasoda