The Best Ways to Make Money On the Side Online
“This is the Best way to make money on the side online while having the freedom to live anywhere in the world and do anything you want.”
We have heard this sales pitch so many times by so many different people. The truth is, it is actually possible! It might not be as easy as the “get rich quick” marketers would like you to believe, but it is most definitely possible and more and more people are starting it every day.
The internet is an amazing tool and if used correctly, it can help us improve our own lives as well as the lives of others. Not only that but it comes with immense lifestyle benefits. For the first time, it is possible for everyone to make their own hours, be their own boss, live where they want, and proactively design the exact life they want, down to the smallest details. The best part is, all you really need to make money on the side is a basic computer, a semi-stable internet connection, a vision, and some determination.
Now, we have heard of many methods that people use to make money on the side online. A lot of these, however, are not ethical. That being said, there are some great business plans that you can copy in order to build yourself an online income. Let’s take a look at the best ways to make money on the side, and the most practical and realistic ways in which you can start earning today.
1. Use a Platform That Already Exists
This is probably the easiest and the fastest way to start earning money online. There are many websites that function as platforms to connect people – buyers to sellers or clients to servers. You can use these websites to buy and sell goods or services and you can use them to generate active or passive income.
One of the easiest opportunities is to become a freelancer. This is something that you can do part-time or full-time, depending on your time and financial needs. And the chances are you have some sort of skill that you can offer, or you can even choose a new skill and become so good at it that people will pay you to do it for them.
Some of the biggest freelancing websites include Upwork, Fiverr, Freelancer or even something like Craigslist. These platforms offer so many different types of jobs, everything from writing, web development, photography, marketing, design, human resources management, and many more. Anything you can think of, you can find someone who is in need of that skill. These platforms make their money by taking a commission from every job.
If you are just starting out then Fiverr is probably the best side hustle as their fees are not as high as the others and they have a ton of people hiring from there.
All you need to really do is sign up and set up a gig and set your price. Make sure you add a lot of information about your skills, and it helps to have a photo and accurate information about yourself. You want to create a gig that people will find when they search on Fiverr.
There are also more niche dedicated websites out there like Shutterstock. They specialize in media creation, so everything to do with photos, videos, and music. If you create one of these mediums you can simply upload your creations and if someone likes it they will buy it and you receive the cash (minus the commission for the platform)
Online teaching has also become a big hit in recent times. Without having much of a background, you can sign up to one of the many online teaching companies. You can choose your own hours and you can work from anywhere with a stable connection (very stable).
This is a great way to get into things and to test out the waters of the online marketplace. Soon enough you will find yourself somewhere you never expected.
2. Become an affiliate marketer
Affiliate marketing has been the go-to for so many people. It is definitely one of the best ways to make money on the side. This is mostly due to the fact that you don’t need anything of your own to sell and you don’t have to deal with all the administrative responsibilities like shipping or payment.
If you are not aware, affiliate marketing is where you sell someone else’s product or service and they pay you a small commission for every sale you make. They then handle everything else like payments, shipping, and customer care. All you do is you refer people to the seller or provider and if it converts, they pay you.
This sounds very simple and easy, and it can be, but it can also become fairly competitive. You need to have a good traffic source and you have to build a good relationship with your traffic in order for them to trust your recommendation and actually proceed to make a purchase. Many people get this wrong and they think if enough people see their affiliate ad they will make good conversions. This, however, is not always the case.
The most effective way to make good money with affiliate marketing is to combine it with one of the other methods, like creating your own website and then offering affiliate products/services to your audience. Once you have built a trusting relationship with your audience, they will be more likely to take your recommendations.
3. Sell your own products/services
When it comes to the best ways to make money on the side many people have started their own online stores. Here it starts to become exponentially more complicated but also more rewarding. Selling your own stuff gives you a lot of freedom with regards to what you want to sell and to whom, but there are many other aspects that come with it. You also get to keep your own data from all the customers.
To start, you will need a place to sell your things, like your own website or platforms that allow your type of products. Then you will need to figure out delivery and distribution, payment systems, customer care, sales funnels, lead magnets, email marketing, and the list goes on. This is obviously no easy task and thus not the best place to start out your online endeavor, rather something to work towards. Many people transition from affiliate marketing, to building their own products.
Most people who go down this road are selling their products on Amazon or Shopify. Here many of the things are taken care of by them, like the payments, the customer care, and the legal side of things. Shopify also makes it extremely easy to up your store online in a matter of minutes.
Most people start with the easier solution which is dropshipping. Shopify is perfect for this. Here you also don’t handle the products, storage, or shipping. You simply make a sale on Shopify then you order the product form another place cheaper like AliExpress.com. Amazon offers drop-shipping, as well as SaleHoo and Worldwide Brands.
4. Create your own website
As with anything in life, the more you put in and the more risk you take, the bigger the potential payout. The online world is the same.
Building your own authority website is probably the most difficult way to make money online and it will take the most time and effort. But, when it pays off, it will pay off big and for a long time. This is because with all the other methods you are at the mercy of someone else’s website or platform or product or service. If you build your own you will truly be in complete control.
There are many ways in which you can make money from your own website. You can sell affiliate products, your own products or services, you can run advertising, you can run a membership program, you can collect and sell leads, and the list goes on.
The reason why many people shy away from this method is that it takes a lot of time as mentioned. You have to create a website, create great SEO friendly content, slowly start building traffic, preferably diversify traffic sources, and then you can start making money in one of the above-mentioned ways.
This is by far the safest way because you are the actual owner of your website, and your audience is yours, not borrowed from some other person or platform. This means that is cannot be taken away from you, your website and your audience is with you for the long haul. This is one of the best ways to make money on the side because you can pick away at it over time and all you have to pay for is your web hosting and domain. As you continue to add more content, it starts to get more traffic.
5. Email marketing
Another method that many people use is email marketing.
The way that email marketing works is as follows, first you set up one of the trusted email marketing softwares like Aweber, then you create a lead magnet which will be the thing to draw attention, then you need to design a sales funnel. A sales funnel is an automated sales sequence through which your potential client will be taken in order to get them to the stage where they are ready to make a purchase.
Here is a completely full review of Aweber and how to use it.
While doing this you want to build what is called the “list”. This is your collection of email addresses that you will use to interact with your audience. You want to bring them as much value as possible and then every now and then you can pitch them a sale. Remember to build a quality relationship with your email list (it’s not all about selling them), and in doing so your list will become one of your greatest assets.
As a rule of thumb, assuming you do everything correctly, you can expect to make on average $1 per subscriber per month. So let’s say you manage to get 10,000 subscribers, that means $10,000 per month.
As you can see there are many options and many different routes you can take to start earning money online on the side, it is up to you to choose the method best suited for you. And then just go for it!
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