If you’re looking to start making money online, as a means of additional income or perhaps with a view to quitting your job and enjoying more of a freedom lifestyle then it’s important you start thinking about the best ways to make money online, in a way that has genuine potential to provide a decent income for you. This article looks at three quite different opportunities; that of setting up and monetizing a blog, trading online, and teaching courses or offering one-to-one tuition in a subject of your choice.
1. SET UP A BLOG
One of the best things about starting a blog is that it costs such little money to set-up, meaning it has a low barrier to entry, but at the same time this can be both a blessing and a curse because it means you’re not alone in your endeavour and the market is crowded with a proliferation of blogs, many of which are talking about similar topics and themes. It’s also important to note that just because you set up a blog doesn’t mean you’ll necessarily get traffic, and you probably won’t be able to monetize it for a little while – so setting up a blog is by no means the fastest route to making money. That said, it can provide a sustainable semi-passive income particularly when combined with affiliate marketing or creating your own information products that are automatedly sold through your blog. The thing to remember is that advertisers, for instance, would not be paying you for the mere fact you have a blog… they would be paying to get in front of your blog’s visitors, which is why it’s so important to look into strategies to drive traffic to your blog.
2. TRADE ONLINE
Whilst investing in the stock market involves an element of risk, a lot of times this can be a calculated risk that means you can protect your downside. The key strategy here is to do your research and check out as many platforms as possible, for instance, the bloom 401k review could be helpful to those looking to manage 401k funds. Admittedly, when it comes to investing there is an inherent risk, but just think about how much your portfolio would be worth had you invested a few thousand dollars in bitcoin a couple of years ago.
2. TEACH ONLINE
There are many opportunities today, to teach, whether this is in a one-to-one format over Skype or if it’s to create a course on something you are particularly knowledgeable or passionate about and sell it on a platform such as Udemy or Creative Live. There are plenty of ways to turn your hand to teaching, and remember, with most things practical (e.g. getting your first 1,000 blog followers) people don’t really care about your academic background – as long as you can help them get to where they want to be, and if you’ve already achieved the result they seek, then you are often considered ‘expert enough’ to share your wisdom.