With the growth of the internet, alongside technology, ‘how can I make money online’ has quickly become one of the most-searched questions on Google and the like. As people start to realize their opportunities to work from home and create a lifestyle that suits them, this avenue is only going to continue its growth in the years ahead. However;
- How Can You Get Started?
- How Can You Actually Make Money Online?
Often the phrase is thrown around without explanation so we’re going to fix this today!
Opportunities Are Vast
Before you do anything else, you need to realize that the opportunities are so expansive that there isn’t just one solution that works for everybody. While some people excel with writing for various clients, others design graphics and another group will tutor students online. Today, we’re going to explore what you need to do to make money but we first want you to remove any preconceptions you may have about the process. Of course, some niches will be more successful than others but you can exceed in a plethora of different niches so keep this in mind; you should never feel forced into an idea.
Choose An Industry
On the surface, this might seem easy but it’s actually incredibly difficult. If you decide on the wrong business, and it doesn’t suit your passions or skills, it can be hard to recover. Therefore, we suggest starting with a full assessment of your skills, what you’re good at, what you enjoy, and what you can see yourself doing on a daily basis. Too frequently, we see people molding their interests around a business idea but it should be the other way around; your passions and skills should always be the foundation.
So, are you good with numbers? Are you creative? Do you like making scarves and socks in your spare time? Did you once work within an accountancy firm? Do you have opinions you feel people need to hear? Are you a good organizer? Is your telephone manner above all others? Do you enjoy writing articles and blog posts? Over the next few days, write down a list of things you enjoy as well as a list of things you can do well.
Ultimately, the aim is to find something you enjoy, are good at, and is in demand by the public. If you need a little helping hand, feel free to research all the opportunities online whether it’s blogging, writing, graphic design, tutoring, party planning, wedding planning, selling handmade gifts, completing surveys, creating eBooks and online courses, or any other service.
Once you have the answer, you’ll be well on the way to answering ‘how can I make money online?’. Remember, you don’t have to be looking for a new career to earn money online either. If you’re just looking for some help with your bills each month, there are solutions for this including online surveys.
Choose Your Home
As soon as you have an idea of what you want to do, you need to decide where your virtual home will be for the foreseeable future. For example, will you be earning money from a website/service or will you launch your own website and do everything from scratch? To make this decision easier, we’ve broken down the details of each.
Using An Existing Service
While your chosen niche may not have this option, it includes the likes of Fiverr for writing, Etsy for selling handmade items, and Tutor for online tutoring. To start, there are some obvious benefits to this option because all you need is a profile. Using the online tutoring niche as an example, you can access parents who are looking for help for their children as well as older students who need assistance. Likewise, students can find your profile and read through positive reviews.
Instantly, you’ll have access to thousands of customers…but this could also be seen as a negative. Sometimes, on websites like this, a bidding war takes place and you don’t earn the rates you deserve during the early stages of the business (once you’ve built a reputation, you can demand higher prices).
Start Your Own Website
Alternatively, you could start your own website and do everything from scratch. On the positive side, you keep every single cent you earn (rather than losing a percentage to the platform), you can set your own prices, and there is no ceiling because you could hire a second, tenth, and hundredth tutor to cope with demand.
Unfortunately, starting your own website will be the slower method of creating a business because you have to go out and earn every single client. In the early stages, while you have no reviews, clients can be hard to come by.
All things considered, the decision is yours and you’ll need to assess the pros and cons of each route. While considering, don’t rule out the option of both; perhaps you could start on a third-party website before launching your own website as you feel comfortable?
Explore Your Options
When people ask ‘how can I make money online’, they often start with one income stream and then settle with this for a long time. Instead, we want you to explore different options and really smash through that earning ceiling. For example, if you sell handmade goods on Etsy and it’s all going well, why not consider a related blog? Here, you could give advice to those who want to make items at home, keep customers informed of what you’re producing, and entertain an audience.
Why would this be productive? If the blog is successful, you could work with a company who sells raw materials for your niche. Not only will you benefit from discounts, you can work in an affiliate marketing program where you earn commission for every sale you generate on the blog. Over time, there could also be opportunities to write an eBook, create an online course, sell advertising space, run competitions, and use other methods of making money online. Just because you choose one idea (i.e. selling goods online), this doesn’t mean you’ll be restricted to this niche forever so explore your options.
Work Hard And Stay Determined
To finish on the topic of ‘how can I make money online’, we hope to have shown there are thousands of different avenues you can take. With seven billion people in the world and around half of these people online, you only need a tiny percentage of this amount in order to find success online and this is what you need to remember. Just because you aren’t going for the most popular money-making idea, this doesn’t mean you can’t reach your definition of ‘success’.
Assuming there is a niche to be targeted, you have every chance of making money so long as you work hard and stay determined even when everything looks lost. Despite the many people now attempting to earn money online, only a small percentage actually work hard to make their dream come true. If you work hard every single day, you instantly jump above the people who think they can work an hour a day and pay their rent.
I hope you enjoyed this post and if you have any questions about how you can make money online or you just want to leave your own personal experience, leave a comment below. I would love to hear from you!