8 business ideas for making money online

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In the 21st century it is more and more common that people turn to online means for making income. The ways are numerous, whereas the reasons may vary. There are three easily identifiable causes, with the first being the pursuit of independence from the traditional 9-5 job. Usually, people of this category are not satisfied with work conditions and seek more autonomy and free time. The second reason is the desire for making extra money. There are people who do this as a hobby, but there are also those who their income from their real job is not enough. Thirdly, in extraordinary circumstances, such as today’s when unemployment skyrockets, turning to online methods for generating income seems the only way out. There, inspiration and innovation must activate.

Here we provide 8 ways we consider most reliable for potentially creating high profits online. Some of these may refer to experienced users, but the majority can be adopted from any basic user.

1. Google AdSense

Google Ads is one of the most common and easiest ways of making money online. These ads are present everywhere; they can easily set up on any basic website and they can be lucrative once the website starts bringing steady amount of traffic. So, if you already have a blog or website, you can sign up for a free Google AdSense Account. From there Google will give you a unique code which you will paste on your website (html) and then it will start tracking your page views, traffic and earnings on your behalf. There is no need for maintenance to get this procedure going and that is the coolest part of it.

*In case you work on WordPress.com, you will have to install Site Kit, which is Google’s official plugin for WordPress and it’s available in business plan. However, in this case you could apply WordAds, which is easily set up and it is free.

2. Affiliate Marketing

Another fascinating way to get going with making money online is Affiliate Marketing. In affiliate marketing you partner with brands and businesses within the content of your website. But how does this work? On creating posts (blogs or videos) you can mention a product or service using a unique “affiliate code” (link) through which you will lead your audience to purchasing them. Firstly, you must search for products or services you are interested in promoting. There are digital platforms (affiliate ad-networks) through which you can collaborate with brands, i.e. promote their products/services via a link they will provide you and earn commissions per sale. Some examples of these networks are ShareASale, eBay Partner Network, Shopify, Amazon Associates or ClickBank. So, the more traffic you bring on your website the more potential income you can make through these collaborations.

The benefit of affiliate marketing is that you do not have to be an experienced marketer to make this work and the potential earnings might be really big. However, it is essential to know your audience so to adjust promotions and secondly, to create enough traffic for increasing sales possibilities.

3. Online Courses

If you have any special talent or skills which you think they are useful and you can teach others, you can set up an online course about it and earn money. There are thousands online courses on the internet teaching anything from marketing strategies, apps & web development to languages, acting or math’s. So, if you do have this passion and an expertise in any field, you can turn your knowledge into an attractive and useful online course and make profit from it.

4. Podcasting

Podcasting is not the easiest way to make money online since it involves a lot of logistics of writing, recording and editing a podcast, though it worth considering. Particularly, a podcast requires setting an episode series of spoken digital audio files which a user can download to their personal device. This can usually work as supplementary to an existing website and the conventional way of making money with podcasting is through sponsors that would wish to be promoted via your audio. Once your series get popular you could attract big sponsorships.  

5. Freelance Writing

If you have passion for writing and a creative talent, freelance writing seems always a nice and easy way of making income through the internet. Basically, what you have to do is find a niche that attracts you and that is relevant to your knowledge, and then try to connect with potential recruiters. There are many businesses online that are willing to pay for decent freelance writing in particular subjects. Hence, the most difficult part is searching and networking with companies. The rest is all about your passion and creativity. A fairly easy platform to get started is Upwork.com.

6. Sponsored posts

This method prerequisites that you already have a website or a large social media following through which you can be sponsoring posts and ads. Companies are willing to pay bloggers and social media influencers to promote their products or services. Especially, they want to target specific audiences and for this purpose they tend to pay really well the influencers. Therefore, a website in this case is not necessary, since with just a big following you can reach out many potential customers so be eligible for sponsored posts.

7. Webinars

If you already hold a product or service, another effective way of making money online is through webinars. In this way you practically offer a lot of tips and advice to your audience for free in a live format. And while you are doing this, you offer value to people and at the same time you can market your product or service. Hence finally, you can probably lead them to purchasing them.

8. YouTube

This list could not ignore YouTube, one of the most popular choices of internet users when it comes to making income through the web. There are a ton of YouTube channels on any topic you may think of; and most of them with a big following earn money in exchange for their videos and time. Specifically, there are two interrelated ways through which you can make money from YouTube, views and ads. The more views you have the more you can earn directly from YouTube and the more you attract profitable advertisements. Therefore, if you are passionate about videos, if you have ideas and imagination, YouTube seems always a good way to get going.

Concluding thoughts

Indeed, there are hundreds of ways for generating an income online. Not all of them have the same potential for success and not all are for everyone. A strategic fit is necessary for anyone who decides to proceed with this.

There are three things which should be kept in mind regarding that decision:

  1. You should choose something that you are passionate about, that you are willing to devote effort and time.
  2. Try to consult people from your environment that have done it before, while you are trying to learn from the best and imitate them.  
  3. Success does not come overnight; whatever you choose, be prepared to spend time on it and work hard towards its realization. So, think twice of your choice and then be patient for results.  

Finally, what is for sure is that if you are hungry, positive, insistent and patient, success has no choice but to reveal in front of you.

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