Life increasingly gets more difficult to live without enough money, as compared to previous decades ago. Our parents could afford a lot of things with their minimum wage. However, things are not the same anymore, especially for those that living in developed countries such as the United States, United Kingdom and so on. Students are graduating with a lot of college and university debt that might take years and even decades to pay off. This is one of the reasons there is a need to make more money. The more money you make, the more comfortable your life is. One of the advantages of the 21st century is that it’s easier to make money, as compared to decades ago. People can remain in the comfort of their homes, and make millions of dollars, thanks to the internet.
There are thousands of ways to generate money online. In fact, a lot of people do have side jobs, that also brings them some income, and most of these side jobs are online. This piece highlights some ways to generate money online. Apart from this, you can also sell your products online, and using the internet to increase your sales. One of the ways of doing this is by hiring consultants that would make your website pop up on multiple searches online. The more people traffic you draw to your product and services, the more clients you get, and the more revenue you generate.
Ways To Generate Revenue Online
- Consulting: This is one of the ways people make money online, and still remain within their field. Consulting involves offering your service to people that would be willing to pay you, especially in a field you have an expertise in. People tend to undervalue what they have, but you’d never know until you try. As an illustration, there was an individual that created a blog and frequently pushed out content in a relatively unknown industry. Eventually, a company approached her to handle their social media and marketing. They offered to pay about $100 per hour. The best part is, you can always create time around your own schedule for this kind of side jobs. In addition, you don’t have to leave the comfort of your home. Mostly, what you need are a good internet and your computer.
- Online courses: This involves teaching others whatever skills you might have developed over the years, or preferably have certifications in. There are a lot of platforms that allow people to teach whatever skill they have. This could be anything, ranging from photography lessons, cooking, dancing, freelance writing and so on. The best part about these courses is that you’re paid per hour. There are two main factors that determine how much you earn. People with a degree certificate or Masters in that field tend to earn a lot. Some people might earn more than $100 per hour. While those that don’t have certificates in that field usually earn less. If you’re thinking you don’t have anything to teach, you’d be totally wrong. You can teach your language. There are websites that pay people to teach their language. This could be the English language, Russian, Mandarin, Spanish and so on. No matter your educational status, someone is willing to pay for what you know, and that’s the beauty of this present age.
- Podcasting: Podcasting is the process of creating content by recording audio discussions, and getting people to listen to them. People podcast a lot of things, including entertainment, religion, finance and so on. Podcasters earn a lot of money, especially those that have been able to grow a large following. The only way to grow a large following is by pushing out good content and being consistent with it. There are podcasters that make millions of dollars per year. This includes the revenue they get from the streaming platforms to the advertisements they release on the podcast. The best way to go about podcasting is to find something you enjoy talking about, carve a niche for yourself, then grow your audience, then monetize it. This might not be the easiest way to make money online, because of the different logistics involved, such as writing, recording, editing and releasing. However, it’s always worth it, the key is to enjoy doing it.
- Freelance writing: People that have creating and writing skills have a lot of opportunities to make money online. There are many platforms out there that give one the ability to apply for different writing jobs and get paid. You can also create contents for other websites. There are a lot of people that make 6 figures revenue yearly, off writing for websites and consistently creating good content. The best way to go about freelance writing is to start, then develop your skills. The quality of your work would determine how much people would want to pay for it. You can also write in your field. If you work in the finance industry, then you should apply for websites that need freelance writers. Your expertise comes into play here, as you’d be familiar and even learn more while working for them and getting paid.
- Sell ad space: This means advertising the products or services of other people on your page. However, to do this, you must have huge traffic on your page. The more people visit your page, the more you can make from selling ad space.
- YouTube: YouTube is a platform that gives people to opportunity to push out video contents. The more views and subscribers you have, the more you get paid. You also get to advertise products and get paid for it. A lot of people are dabbling into this. There are people that make a review for various products which could range from cars, toys, movies, and so on. One of the highest earners on YouTube last year is a 7-year-old boy that makes YouTube reviews of toys. According to the report, he made over 22 million dollars in 2018. There is no limit to what you can do, or how much you can make. Just try to carve a niche for yourself, and push out good content.
5 Ways on How to Generate Revenue From Site Traffic – ContentMarketingUp. (2018). Retrieved from http://www.contentmarketingup.com/5-ways-on-how-to-generate-revenue-from-site-traffic/
Finding New Ways to Generate Revenue. (2018). Retrieved from https://www.entrepreneur.com/article/172496
Generate Revenue Online – ways to build your online business. (2018). Retrieved from http://generaterevenueonline.com/