The Ultimate Guide to Making Money Online
The adoption of technology has grown so drastic that it is basically consuming our lives by allowing us to do everything over the Internet. It should come as no surprise that it has expanded further to our wallets. The relevance of money making blogs has been surpassed by all kinds of emerging online occupations; opening a new market for anyone with free time on their hands. It is now at the point where finding work online is more likely than finding one in the real world.
This development is a particular upside of the technology takeover, since it gives many people, unable to work for a certain reason, the possibility to get on their feet and start earning. The online job market is extensive and demands people for many different services. There are almost no requirements and basically anyone can do it with the smallest of effort.
If you are still doubting the legitimacy or think making a living online is a shady deal, take a look at our guide. We have listed all the ups and downsides of making money online, in order to give you a realistic overview of how things work. If you are interested in earning an income online, you can see how to start and which are the best tools to get you that extra cash.
Why is it a good opportunity?
Making money online is a fast and non-demanding way to earn some extra cash. Users can convert multiple useless hours spent in front a laptop into actual income, something that is appealing to anyone.
What makes it even greater is that there are countless ways of earning an income out there that don’t require any skills or education. So even if you don’t have a PhD in science- it’s still an open market for you. You just have to find out your biggest strengths and most developed skills that will make you unique and in demand for a variety of services.
Another reason why you should consider making money online is that it’s extremely flexible. You can work remotely- you don’t have to be anywhere specific; no offices, no annoying bosses or coworkers. You become a one-man corporation and the only focus is on what you want to achieve and you can work as hard as you like. Of course, with this comes the big responsibility of managing your extra income and ensuring that you will earn enough.
What is better than having your own business? Not having to invest in it initially, of course. There are endless possibilities for what you can do to earn cash online and most of them require little to no investment. Starting an online business may cost you a little sum but taking separate gigs for extra bucks has no monetary obligation.Anyone can start making money off the internet right now.
There are a lot of variables in online earning but the advantage is that you can try everything until you find the perfect fit, because there is nothing to lose. It’s a simple process, so if you are still not convinced or certain what to do to start, just follow our steps below and begin your money making journey right away.
How to start making money online?
One of the first things you should do is take a good look at yourself and your accomplishments. Figure out what your greatest skills and weaknesses are so you can determine what the best fit will be for you.
Are you interested in writing? Do you have an extensive social media network? Anything is valuable when working online. If you have experience in certain fields and industries, you can market yourself online through a blog or social media profile.
If you’re great at writing and passionate about a topic, you can start a blog. If you don’t have the time to spend every day on it, you can consider freelancing and doing one-time gigs. Having a good understanding of what you are interested in and able to do is the first step for finding the perfect match for your online work.
Do some research
After you have determined your capabilities, find out what the demand is for your services. Do companies need freelance software developers or writers? There is a lot of information available online that can give you some insight on the best fit for your skills and experience.
There are many industries that have outsourced parts of their businesses such as social media presence or website maintenance and you can give that a shot. Finding your place and market demand is important for you to determine your leverage over the others and market yourself successfully and to the right audience.
There is something for everyone
Even if you find yourself completely lost and inexperienced, don’t hesitate. The possibilities for finding relevant work for you are endless. One of the most growing industry nowadays is the online marketing, Many companies are desperate to get in touch with their customers and reach them on a personal level.
You can take part in market research or become a test customer, just so companies would get your insight of their activity. So overall, even if you don’t have outstanding skills, your opinion is valuable enough to get you paid. Now let’s take a look at some of the best ways to get that extra money you’ve been longing for.
Best ways to make money online
This is the thing that made online earning go viral. Nevertheless, blogging isn’t what it used to be. Ten years ago, people used blogs to share their experiences and personal reflections with their closest ones, much like an online diary. Things have dramatically changed, since blogging is now a competitive business. There are still people who blog for the sake of sharing, but most of them have evolved their blogs into money making machines and turned it into a full time job. So why can’t you?
We do have one advice for you though- blogging is for people, passionate about a subject and if you decide to do it for the extra bucks, don’t expect much. The chances are, you’ll easily run out of topics and stop presenting quality content to your readers if your subject isn’t something you really care for.
Freelancers are in steady demand for a wide range of industry nowadays. Freelancing basically functions like a home business that has one main product- yourself. You offer your services to companies, or as has been trending lately- specialized websites, and they hire you to complete some separate assignments or long-term projects.
With freelancing you can basically be everything- a writer, teacher, translator, babysitter, programmer, translator and what not. The most important thing to remember is that you are your own tool- if you can’t perform well or don’t brand and market yourself properly, you’ll probably be lost among the other thousands of freelancers out there.
Participate in market research
This one is probably the easiest one in terms of skill and difficulty level. There’s nothing else required from you other than your opinion and personality. There are many types of market research that needs participants and it may be just you that they are waiting for.
Paid online surveys is one of the trendiest, yet very successful concepts out there. Companies conduct research to find out what their customers think of them or how they would react to a new product so they can adapt their strategy. And here’s where your opinion becomes crucial.
The concept is simple- you sign up for participation using your personal information and as soon as you’re qualified and you take a survey- you get paid for it. Some years ago this would’ve sounded like a big scam but nowadays with the fierce competition in every industry, companies need to step their game up, to keep up with consumer trends.
Another way that market research can work for you is taking part in focus groups, getting paid to do reviews and mystery shop. You can see an extensive list of extremely helpful tools to get you started below in the article.
Do separate gigs
As we stated earlier, you can get paid for the weirdest things on the Internet. Some people are willing to give you money to take a picture of their product in a shop or buy something at a supermarket to evaluate the service. There are many apps and websites who will engage you in that kind of simple activities for a small sum but it doesn’t cost you anything.
Another trending gig is connected with the development of social media. Companies will evaluate the size and quality of your social network and can offer you payment against promotion. In most cases what you need to do is just be a loyal follower, liking and commenting on updates and referring their business to your friends. Doesn’t sound hard does it?
What to have in mind before starting?
Everyone can do it
it’s a huge market, with a lot of possibilities for people of all kinds of backgrounds or interpersonal skills. You just have to find what suits you best!
It’s not a get-rich-quick thing
As any other job or business, earning online takes time. Whether if you’re freelancing or doing paid surveys, the most important thing is to have patience for results.
It’s all about awareness
in the online industry you have a huge potential to get attention and be recognized but you’ll have to work for it. Turn yourself into a “thing”, aim to create relationships over the Internet and engage in online communities.
Be a great communicator
Communication is key in online earning, since it’s a business that is completely unpredictable and hard to keep up with. Talking and engaging with people can give you great insight on what the next big thing is and it might be you.
Follow the trends
Don’t ever restrain yourself into one area with online earning. It’s a fast paced market, constantly transforming and the viral thing today may be forgotten by tomorrow. So try to keep yourself informed on what’s happening and reflect on it within your making money efforts.
5 biggest myths about making money online
It’s all a scam, no one can make money online
One of the biggest misconceptions about online earning and it is justifiable due to the amount of online scammers. Nevertheless, there are many legitimate opportunities for everyone to earn some extra money over the Internet. One thing to remember to distinguish scams from actual opportunities is that everything that seems too good to be true, is probably a fraud.
You can get rich overnight
As with any other job, working from home and online takes a lot of effort. Whatever you decide doing, you should be patient and commit to it to start earning. No job, whether online or not, will start you off making a huge amount of money. So have in mind that everything comes with time and online earning isn’t an immediate trick to becoming a millionaire.
You have to quit your job
Many people have the perception if they want to make money online, they can’t be involved with anything else. If you don’t want to turn it into your full-time job, you don’t have to. It is up to you to decide how you’re going to engage with online earning and as we said, possibilities are endless.
It’s not for everyone
Well, with all the opportunities it provides, it turns out that everyone can do it. You don’t need any specific skills to get that extra cash. Nevertheless, people who are professionals in a certain area have one more door open for them, but there’s room for everyone. If you don’t feel confident in your skills, you can always take other gigs such as taking paid online surveys- everyone can do it.
It takes money to make money
This is a widely spread belief about online earning but yet, totally untrue. Most of the money making opportunities don’t require any investment whatsoever. Depending on how ambitious and devoted you are and what kind of opportunity you have taken (e.g. blogging), you may need to invest a little but it most probably will pay off well in the long term.
Advantages and setbacks of online money making
- Flexibility: Making money online gives the freedom of setting your own limits in terms of working hours, assignments and management. You decide whether and when to work and this provides you with a big leverage over regular employees. You’re basically your own boss and don’t have to abide by any rules that you didn’t set yourself.
- Control: Another great benefit is that your income is entirely in your hands. Depending on the amount of gigs taken or work done, it’s easy to estimate the earnings and make working schedule decisions. If money is tight, then maybe a bit more effort should be put into online working, or on the other hand, if they’re enough you can take a break for the rest of the month.
- Convenience: One of the best things about earning online is that you can do it anywhere. Why don’t use your home as a spot? Working from home is a huge benefit, since you avoid transportation costs and stress is less due to the flexibility of working hours.
- Self-improvement: Online earning can engage you in many different activities which work for you to gain experience and acquire new skills. Furthermore, it gives you a better work-life balance, since you’re the one setting the rules. When you have more time to do what you enjoy, reduce stress levels and learn new things about yourself every day, you’ll feel genuinely happier.
- Uncertainty: One of the disadvantages of making money online and working for yourself is that you literally won’t know what tomorrow will bring. You can’t predict the income you will get at the end of the month, since you’re not aware of the possibilities that will come along. So while one month can be very productive, the other you may wonder how to make ends meet.
- Uneven distribution of engagement: As we already mentioned, uncertainty doesn’t only reflect on your salary but also stress level. In a period of time there may be many chances to earn extra cash and they can occur at the same time. Take online surveys for example. One week you may get screened for 1-2 surveys and then suddenly get 10 in one day and end up filling them out all day, while trying to comply with your other obligations.
- Scam danger: Although the online earning business is rapidly growing and earning more trust in people’s eyes, there are still some, who are experienced in Internet fraud. Fortunately, there are a few ways you can ensure safety and recognize fake offers whenever you see them. Another issue is connected to privacy and tracking. As your payments are happening online, hackers may try to dry out your bank account so you have nothing left. However, you can easily prevent this by using a safe legitimate platform such as PayPal.
How to get the most out of making money online?
Work on multiple things
If you are trying to make a stable extra income each month, never rely on one source channel only. As you are probably convinced by now, there are a lot of tools and ways to earn money over the Internet, so why not make the most of it? Some gigs require more of your time, some get you money only by using your smartphone, so take advantage of as many as you can.
Use social media
No matter if you start a blog, do freelancing or small separate gigs, social media always plays a crucial role. If you are freelancer you can use it to brand yourself or your blog and if you are making the extra bucks through small tasks and apps, most of them offer incentives if you share them with your friends. There’s another upside- if you manage to grow and develop your social network, you can even begin to get paid from companies to advertise their business on your personal profiles.
Even if you have found the perfect way to make money online for you, always keep your eyes open for new and more exciting opportunities. There are many sources where you can see what the upcoming trends are and can easily find your new niche. Whatever you do, just make sure you’re communicating with as many people as possible and follow blogs and websites for relevant information, so you’ll never be outdated.
One of the most important things to remember about online money making is that you should always be careful with what you’re choosing. When you see an offer so perfect, or one that requires a “small fee” in order for you to start or participate, just stay away. With the growing popularity of online earning, many naïve or uninformed people have suffered from scammers, so don’t let yourself be one of them.