Whether you are looking for ways to get out of debt, save more for retirement or just increase your monthly income, there has never been a more suitable time to decide some ways to make extra money on the side.
No longer do you have to settle for a part-time job with a set routine. Today’s gig economy is all about versatility.
Understanding how to make extra money will not preserve all of your financial problems, but it can give huge help to your financial goals.
Paying off debt, saving more for retirement, and getting a sense of control over your life can all be yours – and making extra bucks can help.
More money proposes more options, and that’s always a great thing!
There are plenty of reliable work-at-home jobs and a number of ways to make extra money on the side. We have examined the following ways to make extra money to verify that they are valid.
The majority of these gigs do not even need any special education! So, whether you dream of starting your own business, are exploring some realistic income ideas, or want to make some quick cash to pay the bills, we have got you covered.
1. Make Extra Money with Affiliate Marketing
Affiliate marketing is one of the most successful ways to make extra money. Its reputation has grown up and down throughout the years, but it proceeds to prove to be a reliable way to make money online.
The best part about affiliate marketing is that you can be an affiliate for almost any company, from Shopify to Amazon to Uber to any company you like.
Affiliate marketing enables you to earn a living by promoting other brands.
If you are a savvy marketer, you can make a commission from selling by promoting retail products, software, apps, and more. While making a commission may look small, keep in mind that you can be an affiliate marketer for many brands and add several affiliate links on a single blog post.
If you want to make money online doing affiliate marketing, your best chance is to focus on content marketing. By making a blog with many pages of high-quality content, you essentially produce an asset you can call your own.
The best part about concentrating on content marketing is that if an affiliate program shuts down, you can change the affiliate link to a competitor without negatively affecting your side hustle income.
2. Start a YouTube Channel
If others can make money from YouTube, so also can you. The highest-paid YouTuber is 7-year-old Ryan, who makes his analysis on toys on his YouTube channel, which made him $22 million in 2018.
Another huge earner is Jeffree Star, who has earned more than $18 million on YouTube and has a cosmetics brand that sells about $100 million in products yearly.
His YouTube and Myspace popularity helped him use his connections to make money online beyond his YouTube earnings.
Your YouTube channel should concentrate on a single niche so you can build a solid, faithful audience.
For instance, you can make makeup tutorials, review products, stream video games, teach crafts, create game videos, or anything else you consider there’d be viewers for.
The secret to making money on YouTube is to create content people require to teach them or entertain them. You can use a witty title to attract people to watch or use keywords optimized for YouTube.
Once you have reached the 1,000 subscriber milestone, you can officially monetize your channel with YouTube ads.
3. Become an Influencer
Establishing a personal brand can also help you make extra money.
Did you know in 2019, Cristiano Ronaldo made $975,000 for every sponsored Instagram post, and that is making him the highest-paid influencer.
While it may seem like reality stars, singers, and athletes are the biggest influencers, keep in mind that even smaller-scale influencers can make more money today than they did some years back
To become an influencer, you require to build a strong following.
The most straightforward platforms to do that: are YouTube and Instagram. Some of the biggest non-celebrity influencers usually gained their first taste of exposure on these platforms.
You might want to check out how to get more Instagram followers if you’re going to build a big Instagram audience.
To make money as an influencer, you can charge for sponsored posts, speaking gigs, make your online store and sell products, add affiliate links in your bio, sell your photos, sell ads on your podcast, get paid as a brand ambassador, create a book, get paid to arrive at events, and more.
4. Build an Online Course
Sharing information is one of the most significant ways to make money online. If you are an expert on a subject, you can monetize your expertise by creating courses online.
You can sell your course on Udemy or, if you already have your own audience, on your own website. Some entrepreneurs earn as much as $5,000 per month with online courses.
Your best chance is to watch other courses on your subject to create a popular and successful course. Then, look at the reviews. What are the aspects that people appreciate, and what are the things people dislike?
How can you create something more helpful than what’s already been made? Focus on creating content that solves the biggest complaints while following the positive aspects people rave about.
The platform you sell your course on will discover how to make money best. If you sell your course on Udemy, you do not have to do much to help it. You can almost set it and forget it.
Maybe promote it to some blogs or on your website. However, if the course is hosted on your own website, you might want to run ads to promote the course.
You can also create an email list to continue promoting future courses to that same audience.
6. Publish an eBook
With Amazon KDP, it’s never been simpler to publish an ebook. All you need to do is write the ebook, format it, create an ebook cover, publish, and promote it.
You can decide to hire a writer for your ebook, a graphic designer to design the cover, or a freelancer to format the ebook for you to help reduce the work you require to put into it.
It’s best if you concentrate on keywords based on popular searches on Amazon. Keyword Tool is often used, which enables you to find the words people use while searching so you can craft your title around it.
To make money online selling ebooks, you can market them in several ways. You can give away your ebook for free for a few days.
This assists you to rank high in search results for some time and get some reviews, which helps you rank better for paid listings.
Plus, you can create custom graphics on Pinterest that match the “Pinterest style” rather than just setting the ebook cover as a pin. This will help you to get some clicks to your ebook from Pinterest.
7. Start a Blog
Blogging is one of the most used techniques for making money online. People who prefer writing tend to start blogs with a niche focus.
For instance, a blog about cars, dropshipping, procrastination, toys, etc., is often a narrow enough focus so you can build a loyal following, but big enough that you can cover a lot of ground.
You can start a blog on different platforms, from Shopify (remove the checkout feature, so you don’t have to pay a subscription as you build it out) to WordPress.
When you start your blog, focus on precise keywords with a strong focus and continue to expand into other but related categories as you grow and dominate new spaces.
This will enable you to build a massive blog over time. Remember that design is also essential for making a good first impression on visitors.
There are many ways to make money blogging. You can add affiliate links in your posts but don’t forget a disclaimer.
Sponsored posts can help you make money from particular brands – this is popular among review bloggers. Bloggers can also sell digital or physical products on their websites.
You can also use it to build authority so that you can finally get speaking gigs, television deals, or big contracts from clients.
The easiest way to make some extra money is to take your current job in your 9 to 5 role and do it online instead.
For instance, if you are a writer, administrative assistant, graphic designer, teacher, developer, etc., you can market these skills and find customers online who are ready to pay you for them.
There’s a never-ending list of websites for each sector of freelance jobs too. For instance, freelance writers can apply for jobs on particular online writing job boards and general freelance websites like Fiverr, Freelancer, Upwork, and others.
If you find that your job does not have direct online money-making streams of income, you can look for other transferable skills you may have.
To make money online as a freelancer, you need to start by building out a powerful portfolio. That may mean doing some free work with some reputable mid-tier brands to begin with.
Once you get a strong portfolio, you can start reaching out to possible big clients to earn more money online. Remember, Freelancing is a numbers game: the more personalized emails and applications you fill out, the more likely you will get a response back.
9. Create an App
If you are not a developer, you will probably look at this money-making plan and feel a bit puzzled. Luckily, there is a method to have an app made that does not require any programming skills.
These days, marketers are using freelance platforms to find affordable developers for designing apps for them.
When making money on your app, your best chance will be to add it to Google Play and the App Store. And while it may appear counterintuitive, having a free app can help you make more than a paid app.
With a free app, you can add ads or premium features to help you make money. Since the free app will draw a higher volume of people, it will be easier for you to upsell them.
10. Become a Writer
With a growing interest in content marketing, more brands are searching for great writers to produce content.
The secret to earning as a writer is to be an expert in a niche. Many writers try to be generalists, writing for a wide variety of categories, from food to tech. However, having a niche focus as a writer enables you to write better content.
When you have experience in the niche, you can add a different aspect to a piece of content.
That means you are not just saying the same thing as every other article online. And that’s what brands want to pay for — your ideas, experiences, and inside information into their niche.
If someone requests a marketing writing sample, send them marketing writing samples. Do not send a finance article or a fitness one.
It’s hard for a hiring manager to know how well you understand the niche’s industry if they can’t see a relevant writing sample. Apply to opportunities matched to your abilities and experience.
Also, if your pitch doesn’t have a list of links to writing samples, it’s going to get ignored.
11. Do Translation Work
If you require to make money now, translation work is a relatively underserved niche. You will require to be fluent in at least two languages to do this successfully.
So if you are bilingual or majored in a popular language in school, this may be a great money-making approach for you to try out.
You will need to show proof of your ability to translate. If you have a language degree or experience translating text, make sure to show samples of your portfolio.
Most companies will require a translation test. Keep in mind that you need to be fluent in the languages you are applying to be a translator for. So you can’t use translation tools.
Sites where you can make money online include:
12. Become an Online Tutor
You can make a lot of cash online and pick your own hours by being an online tutor.
According to Studenomics, Bohdan made $2100 from tutoring. Interestingly, he built up his client base through word of mouth, clarity, and great group charges. While sciences and maths often demand tutoring positions, you will also find English popular among international audiences.
If you are an expert on a topic, tutoring may be the best platform for you to make money fast.
Having a degree or experience in a language is necessary for this type of job, so showcase your degree, high-grade average in a course, or other evidence that you are well qualified to tutor that topic. If you have a teaching degree, you may be more likely to have a tutoring job.
If you have spoken at a conference or event about the topic, you might also be considered for an online tutoring, teaching, or mentoring position. Focus on tutoring in your field of expertise.
If you are not the best, you probably should not be tutoring on that particular topic.
13. Invest in Stocks
You can also make money fast by investing in stocks. If you are not an expert in picking stock, you might want to hop on this money-making idea.
While it can have one of the greatest rewards, it can also result in money loss if you’re new. If you currently hold a 9 to 5 job, look into your company’s financial programs.
14. Review Websites, Apps, and Software
If you are passionate about user experience, User Testing pays reviewers $10 to give other entrepreneurs feedback on their websites and apps.
That’s one fast way to make money online. You will be provided with a set of questions that you require to answer as you browse through their website.
Through a video, you will communicate your ideas and feedback to the entrepreneur while navigating their website or app. Your video is only 20 minutes in length, so if you do three videos per hour, you will make $30.
It can be pretty competitive, so you have to act fast when a new website or app is added to be reviewed. Those who want to earn money online by reviewing software can use a tool called Software Judge.
15. Type for Cash
If you are a fast typist, then this opportunity is for you.
Transcribing is simple: Listen to an audio file through headphones and type it out. “As a transcriber, your pay is directly related to how fast you type,” advises International Living. “Transcription jobs are paid by the audio hour (the length of the audio file), rather than by the hour worked. The time spent on a transcript is influenced by the audio quality, background noise, the accent of the speaker and the speed at which people speak.”
The average transcriber—typing between 75 and 100 words per minute—will complete one audio hour in four hours worked. Consider the company Rev.com, which hires freelance transcribers.
Knowing ways to make extra money can help you earn some extra bucks, but it can also help you avoid your 9 to 5 job so you can become a full-time entrepreneur.
By brainstorming online business ideas and preferring to start an online business, you can get more financial independence, improve your financial protection, and inch closer to living life on your terms.
It is possible to earn a living online if you work hard and focus on it.