This the second post in a series of posts on working from home. If you haven’t read the first post yet, I would suggest you read that first. You can read it here>>.
This post provides some future ways to make money online with things like social
investment networks, omnichannel ecommerce, robo-advisors, VR, drones, Amazon
Alexa, Airbnb, Turo, chatbots, and more.
Let us get started.
1. Become a High-Paid Remote Freelancer.
Remote jobs are in high demand these days. If you have digital skills, you can get started with a high paying freelance career online. Step one is to sign up for Flexjobs to instantly find remote jobs that you can perform.
Once you sign up, you can view their remote job boards across all kinds of industries:
All Job Categories
No matter your experience level or industry background, there are plenty of remote
freelancing jobs on Flexjobs. And you do not need to stop there. Why not leverage your
remote freelance work to start your own remote business? For instance, you can build a
company of virtual assistants and use job boards to recruit clients.
Freelance sites like Upwork and Flexjobs enable people to make a full-time income online
without having to search for clients. And the jobs available cover a broad range, including
graphic design, logo design, web design, infographics, voiceovers, and more. Another
option is Amazon Mechanical Turk (MTurk), which allows you to complete manual
microtasks for business owners all over the world.
2. Start a Successful Podcast.
The rise of audio content as a viable content marketing avenue is stronger than ever. 32%
of Americans listen to podcasts monthly – that’s the same amount of people that go to
church regularly.
By launching your own podcast, you get to create your own show, discuss topics that are
interesting to you, build an audience, and monetize your podcast with ads and
sponsorships.
3. Start a Blog The Right Way.
It’s simple – when you first start your side income journey, you don’t have much traffic
or visibility. So you need to increase the price of your offering early on in your blogging
journey.
One tactic is to start with a B2B consulting funnel and sell to businesses, not
people. Businesses have more money than individuals – so instead of focusing on ads
and affiliate programs at the beginning, focus on high-end consulting.
There are three primary success pillars of this new blogging formula to make money:
1. Choose your blog’s niche based on audience budget potential, professional leverage,
and market demand.
2. By not writing so much and outsourcing certain aspects of your content and
SEO efforts, you scale your backlink acquisition and Domain Authority (DA) faster.
3. Finally, by using the right high-end blog monetization strategies at the right point
in your blog’s lifecycle, you 200x your revenue – and only need to close 3-4 highend clients, not hundreds of affiliate sales.
These tactics speed up your road to income and allow you to make thousands of dollars
with less traffic.
4. Start Making Money Online By Joining a Social Investment Network.
Social investment networks allow you to collaborate with other traders, make informed
trades, and use online tools to track all your stocks, index funds, and cryptocurrency.
Some of the best social investment networks are Personal Capital and Credible.
5. You need to sell online across all major platforms where your customers are.
Do not just become an eBay seller and leave it at that. Launch your e-commerce
store. Start using Amazon FBA. Sell directly through social media platforms, including
Facebook, Instagram, and Pinterest. Market your product or service on Craigslist. If you
are selling something crafty, sell it on Etsy.
Do not overlook niche platforms relevant to your industry either. For example, if you are
a designer, then you should include 99Designs, Dribbble, and Society6 as sites to join. To
find sites relevant to you, do a quick Google search like this one:
6. Earn Money Online By Renting Out Your Stuff.
Why not make extra income by renting out your car on Turo for some extra cash? And
while you’re at it, you can also rent out the now vacant parking space using JustPark. Do
you have a spare bike or one you rarely use? Rent it out as well, with Spinlister.
These days you can rent out practically everything you own, including the shirt off your back. Don’t stop at the shirt. You can rent out your entire wardrobe, including shoes, handbags, and accessories, using Style Lend.
Once your home is clutter-free, you may even realize you have an entire room that could be rented out. Airbnb allows you to easily rent out a room, or your whole place to short term guests.
To earn extra cash renting out your goods, make sure you take lots of high-quality
pictures. These can lead to faster rentals and higher rates. You’ll also need to create
detailed and engaging product descriptions. The more info people have, the more likely
they are to be interested.
7. Share Your Knowledge to an Online Course Audience.
Teachable.com
If you have gained valuable knowledge that can help others, you can now use it to earn
income. No matter what your area of expertise is, online courses are growing in demand
for professionals and businesses alike.
Teachable alone has over 7 million registered students. Online course platforms like Thinkific allow you to publish an online course about anything you want.
You can teach people how to write, do their taxes, complete necessary car repairs, or even
learn emerging markets like piloting drones. And once the course launches, your studentwill pay you and you’ve built yourself a stream of income.
You can also provide online coaching and consulting services to make money online. With
a conferencing platform like Zoom, or even just a private Facebook group and Facebook
Live, you can share your knowledge and expertise one-on-one or with a large group.
People are looking for coaches in all kinds of subjects, from motivation to digital
marketing. Plus, you can be a consultant to individuals or even businesses, in any field of
expertise. The possibilities are endless.
8. Host Webinars.
Hosting webinars is terrific for a variety of reasons. They help you drive traction to your
website and hence help you increase your sales. And not just sales, you can even make
money using webinars without any product.
You can simply host webinars and earn money via affiliate links. This way you can make
money, refer useful products to your audience that will be genuinely helpful for
them…without selling your own product.
It’s like promoting affiliate links on your blog post. You need to identify the product(s) you’d like to recommend to your audience and create an impressive and persuading presentation to deliver to your potential viewers.
9. Make Extra Money Online by Investing Across All Markets.
A powerful way to make extra money online is to put your money to work for you. A lot
of people still think of investing as something complicated and risky. But, thanks to
advancements in technology, it is simpler and more accessible than ever.
You can invest in stocks, EFTs, options, and Cryptocurrency. For stocks, look for index
funds as they provide the broadest and most diverse range across a market. For example,
the S&P 500 will give you shares of the 500 largest companies in the US.
To diversify further, you can buy slices of international companies as well. Or if you want
to get involved in more active trading, you can use a tool like FOREX for global trading
opportunities.
If you want to make a lot of money investing, look it as a long-term strategy and do not
freak out over short-term market fluctuations. Just use dollar-cost averaging and buy a broad range of stocks that will help shelter you from any downturns (such as the index funds we discussed.)
Then you will not need to waste your own precious time, money, and energy trying to outsmart the market. To be even more successful, opt for a service that lets you manage your investments instead of paying someone else a management fee.
You can take some time learning the tricks of the trade such as portfolio rebalancing and tax loss harvesting. These tactics help you make just as much money without having to hand someone else a chunk of it.
10. Make Money Delivering Everything, Everywhere, to Everyone
TaskRabbit.com
You can make money by delivering just about anything these days: products, food, and
yes, even people. In the US, car ownership seems to be declining, especially for the
younger generation.
With a simple app, you can become an Uber or Lyft driver for taxiing people around your
neighborhood Or you can help move entire families with TaskRabbit Moving Services.
Maybe you do not want to shuttle people. You can choose to deliver food or pizza instead
of joining other app services such as DoorDash, UberEats, or GrubHub Or you can even
sign up as a package delivery driver for Amazon Flex.
Additionally, a lot of service-based freelancers are also able to leverage the power of
launching mobile apps. Most of these services offer fixed rates, and there’s no need to
compete for jobs or sales. All you need to do is pick the service that appeals to you, register, and get to work raking in the dough.
11. Earn Money Writing, Self-Publishing, and Transcribin
There are endless opportunities for making money online if you happen to enjoy writing.
Have you always wanted to write a book or short story? Now, with Amazon KDP (Kindle
Direct Publishing), you can easily publish your work and start selling it on Amazon. You
can also make extra cash by transcribing video and audio files for people.
Are you more interested in writing articles? You can make a lot of money as a freelance writer for companies. There are tons of blogging job boards, including ProBlogger. Or you
can write guest posts on other people’s blogs. Just do a Google search for “paid guest post” and your industry.
With services like Fiverr and UpWork, listing yourself as a freelance writer for hire is
easier than ever before:
12. Make Money with Your Coding Skills.
Coding skills are incredibly valuable in today’s digital world, thanks to how rapidly
technology continues to change. Coding jobs are growing 50% faster than the market
overall. Whether you went to school for it, or are self-taught, you can start coding apps,
chatbots, or even Alexa skills.
Conversational marketing is going to be the next big thing in the marketing industry. But
artificial intelligence, machine learning and natural language processing (NLP) are still
maturing. With these changes comes a huge demand for people that can build, upgrade,
maintain, and sell chatbots. If you have skills in this area or are willing to learn, you can
make a lot of money for yourself.
13. Ways to Earn Money Online with Video, VR, and Drones.
People love video. From Twitter and Instagram stories to making money on YouTube,
video is insanely popular. Brands have produced millions of dollars in revenue by
implementing video strategies.
And advancements in video technology and video editing software are leading to even more exciting opportunities for making money online. One of the more traditional, yet still profitable methods is selling stock photos and stock video content online on a site like Shutterstock. Use your iPhone to capture high-quality visuals and upload them for purchase.
If you love video games, you can also make money streaming them, providing game
reviews, and more on Twitch, which is now owned by Amazon.
To make money with video, you will need to invest in quality hardware, whether it is a
360-degree camera, VR technology, or a drone. Thankfully, the costs are going down
rapidly, and you get a high-quality drone on Amazon for less than $1500. You will also
need to purchase video and photo editing software and learn how to use it like a pro.
14.Become an App Developer.
You do not need to know how lucrative app development can be. Because it is not a
hidden fact that there is a lot of money to be made in app development. But where do you
start? It’s a no-brainer that you have to learn to code to build apps. Free Apps also make
a lot of money.
Here’re some of the ways that will allow you to monetize your free app:
- Use advertising as your revenue model.
- Offer subscriptions within the app.
- You can use your app to sell merchandise
- Introduce in-app purchases and microtransactions
These are only a few ways that you can use to monetize your app. Skim down the
webpages and research some more. You will surely find even more options to make
money using your app.
You can also work as a freelance mobile app developer. Small and medium-sized
businesses and startups are increasingly turning to outsource their app development
needs today — which is an excellent thing for you.
15. Real Estate Crowdfunding
Real Estate Crowdfunding is a new and exciting investment model. If you have a
considerable amount of savings and want to raise the stakes, then real estate
crowdfunding might be the type of investment that you need to make. With real estate
crowdfunding, you can invest in two different types of projects:
- Equity crowdfunding23
- Debt crowdfunding
To break it down in simple terms, in equity crowdfunding, investors invest in a company
trying to raise money. These investors then receive shares in the company in exchange.
With equity crowdfunding, you are not loaning your money to the company. Instead, you
receive shares with the hope to get a dividend out of future profits.
Or you are waiting for the company to reach greater heights so that you can then sell off your shares at a higher price. With Debt Crowdfunding, you invest in the company trying to raise funds, but your goal is to receive a specified interest rate on the money that you loaned within a fixed timeline.
16. Invest with a Robo-Advisor.
Robo advisors are software products that can help you manage your finances and
investments. They are automated, financial advisors.
Well, Robo advisors are most popular among the folks who can’t shell out a budget to hire
a financial advisor or don’t want to either way. These automated robotic advisors, with
their smart technology, select investments for you and then build a diversified portfolio.
If you don’t like to go through the hassle of hiring a financial advisor or lack funds to do
so, then investing with Robo advisors is the right option for you.
Here are the other reasons why you should invest in Robo advisors:
- One of the most significant reasons to invest with a robo-advisor is to avoid
mistakes. It is as simple as that: humans often tend to make decisions based on emotions, gut feelings, or in the heat of the moment. On the other hand, Robo advisors work pragmatically, and that is the reason why you can avoid drastic mistakes while investing with them. - Another reason is the hassle-free investment. You must open your account, and
then the Robo advisor will take care of everything for you. From making changes to your portfolio to placing trades, you don’t have to worry about these things anymore.
Some of the best robo advisors on the internet are Betterment, Acorns, Wealthfront and others.
17. Peer-to-Peer Lending.
As the name suggests, peer-to-peer lending is the financial system that allows you to lend
money directly to the borrowers. There is no intermediary Peer-to-peer lending
effectively cuts out stuffy banks and lending institutions. Individual investors like
yourself and borrowers meet online through a specific platform or a peer-to-peer
company.
Although it is somewhat a new market, and people have just recently started to invest
using this medium, it is growing at a rapid speed. It shows no signs of slowing down,
either. If statistics are anything to go by, the peer-to-peer lending industry could reach
over $1000 Billion by 2025.
How do you get started with Peer-to-Peer Lending?
- Getting started investing with peer-to-peer lending is quite simple.
- Just follow through with these quick steps:
- Choose an appropriate peer-to-peer lending platform.
- Open an account
- Deposit your funds
- Begin to peruse through the list of borrowers.
You don’t have to invest millions — not even thousands. In fact, with some websites, you
can spend as little as $25, which completely varies by the peer-to-peer lending website.
Now the next step is to review the profiles of potential borrowers.
- Each borrower profile includes:
- Interest rate
- Reason for the loan
- Term of the loan
- The risk assessment of the loan
You have to be careful while selecting the potential borrower to lend your money so that
your expectations can align with the borrower’s profile. Also, depending on the type of
investment you make, you can make as high as 12% per year or more. That said, these
are riskier loans, and if you want to play it safe, you can still make up to 2-5% per year.
18. Sell Ad Space and Sponsored Content.
It seems that everyone on the internet is lurking around in the quest of finding their target
audience and bombard them with ads. We don’t mind ads so much when we are the ones
benefiting from them, do we?
And advertising does not always have to be annoying if done correctly. If you have a blog
of your own, have put in the hard work, and want to make a little extra (or a lot extra),
you should place ads on your site.
For starters, you have to overcome these few things:
1. You have to be a well-known figure in your industry.
2. Your site is seeing a decent amount of traffic.
3. You should have a niche audience base that is loyal to your blog or brand.
Suppose you qualify all the constraints above.
How to sell ad space on your blog?
Well, there are two ways to go about selling ads on your blog.
You can either do it on your own or use third-party services to do the hard part for you.
Go for the latter option, especially if you are new to this idea. Make it easier on yourself
and let these third parties manage the ads on your blog
Conclusion:
Now you know over 16 future ways to make money online this year and beyond. You can
start earning money with affiliate marketing, selling physical or digital products, or
renting out your belongings.
Sharing knowledge, making videos, writing, and coding an app are more great options for raking in the dough and generating sales.
Of course, for the greatest success, you need to provide value and stay on the cutting edge in this on-demand economy. Figuring out your unique selling point and learning how to market the value of your skills makes all the difference between part-time income and
millions of dollars.
In my next post we are going to look at Niche selection and how you to choose the right Niche for your online work.
