The number of work from home professionals has increased manifold in the past few years thanks to the ample opportunities that the internet provides. In fact, statistics reveal that almost 50% of the workforce in America will be working from home by the year 2020. If you have always wondered how to make money online or have even tried a few times and failed, then here’s a small guide from us that lists down the best ways to add to your income.
Considering that the definition of a good online income is variable and what may seem like a reasonable amount in some countries may only be pocket change in others, we have created a diverse list of income opportunities that range from $5 an hour to $50 or more.
You will find how to make money online for sure. But more importantly, you may also find hidden income opportunities that can be converted into a fledging online business if you are willing to put in the effort.
Without further ado, here’s our list of the top 19 ways to make money online.
The concept of micro jobs is so successful due to the fact that there is never a dearth of jobs that are simple, mundane, exciting and downright weird that people are looking to outsource. And websites like Fiverr serve as the perfect platform to connect the sellers with buyers.
For a job seeker, it is an endless supply and diverse array of jobs to choose from. If you are skilled in something like design or writing or editing, then it becomes slightly easier to land jobs. But even otherwise there are many ways to learn a few skills on the job and hone them as you progress.
Some of the popular microjobs on Fiverr are:
- Logo Design
- Resume writing
- Voice Over recording
- Video testimonials
- Keyword Research
- Backlink building
- WordPress Design/Development
- Social media management
You can start your earnings from $5 for a basic gig and increase it up to $500 for add- ons. For example, if you are offering Logo Design, then you can charge $5 for a basic logo and up to $75 for custom designs that involve mascots. A Fiverr seller with the id ‘Antonclevela970’ who offers Logo design services has completed more than 30,000 gigs on Fiverr. Even if you consider only the basic $5 gig, that converts into $150,000. How’s that for a work from home income?
A lot of people will never have heard of arbitrage. But there are thousands of work from home professionals who make a substantial amount of money each day with this business model.
In theory, it is very simple. Compare the price of the same product on a few websites like eBay, Amazon, Flipkart and Walmart and you will find that it is often sold at different prices on different websites.
The idea is to list the same product for a slightly higher cost on one of the websites and once you make a sale, place the order on the site that offered the lowest price.
In simple terms, you never have the product physically. You just find someone selling it for cheap, add a small profit margin and sell it on another website. In fact, people make a significant income by finding products and reselling it on Amazon itself.
It does come with a huge learning curve and there are tools which help you automate the process to a great extent. Once you get a hang of it, arbitrage is one of the most successful online business models in the world.
Online Day Trading
The stock market is one of the oldest ways used by people who wonder how to make money online. There are multiple ways to trade in the market but one of the commonest methods is day trading in which you buy and sell a stock on the same day. It is also known as intraday trading in some countries.
The idea is to use a slightly larger upfront capital to invest in stocks that are highly liquid and offer small fluctuations in price. On paper, day trading is a relatively easy way to make money. But if you are new to it and trade in a haphazard manner, you can end up making staggering losses in very little time.
Expert day traders use candlestick patterns, technical analysis, level II quotes and real time news to day trade which can help to soften the risk associated with the trade.
There are many online courses in day trading which can be sought before you begin to trade online. It is recommended that you test the waters with a smaller investment before you take the plunge.
Testing and reviewing
Many businesses send out their products and sometimes offer their services to test and review before it is launched in the open market. This gives people an opportunity to test (and keep) a product and also make money online in the process.
While most PTC and survey websites occasionally have product testing jobs, they are rare and the positions get filled before you even have a chance to apply.
Usertesting.com is one of the newest websites in that offers product testing jobs. They offer $10 for a 20 minute website testing task and the withdrawal threshold is just $10. So, you can complete a job and withdraw $10 to your PayPal account right away.
The testing jobs that you qualify for, depend on your demographics among other things. So, the chances of you making $100 everyday with Usertesting.com are slim. But it can be added as a source of a part time income with other methods that we have mentioned here.
Affiliate marketing is one of the most profitable online business models ever. It involves creating a website or a blog and promoting affiliate products or services which give you a percentage of the sales as commission. Most top online retailers like Amazon and eBay have an affiliate business where you can sign up and start promoting products right away.
There are a few basic requirements though. You need to have an in-depth understanding of the affiliate marketing business which involves making websites, writing content and promoting the products using SEO or social media. As far as the income is concerned, there are many online affiliate businesses which make six figure incomes with affiliate marketing.
If you ever wanted to know how to make money online, then this is hands down the best businesses to target.
Is it easy? Not by a long shot. Is it lucrative? You bet.
Mommy blogs have become quite popular in the past few years. While it is in essence an affiliate website, it is tailored to a niche target audience which is young to middle aged mothers. The blog needs to be created and written by a young or middle aged woman too, which makes it a perfect choice for work from home moms.
The top mommy blogs on the internet have six figure monthly incomes and there are detailed online tutorials and guides which help you get started with your mommy blog journey.
What makes it easy is that you can choose from a whole range of products to promote. From fashion to cosmetics to health, baby products, pregnancy, diet foods, travel, electronics, mommy bloggers promote everything under the sun. The income opportunities are not limited to affiliate marketing either. You can also create email lists and sell products directly to your target audience.
Are you a young or middle aged mommy who’s garnered a fair bit of wisdom with parenthood? Share it with others and make some money with it. If you have a way to connect with your audience, then there is no dearth of income opportunities.
If affiliate marketing is not your cup of tea, then you can use Google ad sense to make money online. Ad sense is Google’s advertising network which allows you to display advertisements on your blog or website. You get paid a small commission based number of clicks the ads generate and the niche you promote.
Ad sense income can vary significantly. While traffic from top tier countries like the USA and UK can net you a much higher income per click generated on your site, traffic from lower tier countries usually pay much lower.
Ad sense also has a very stringent set of rules and it is not uncommon for Google to ban websites without a warning. So, if you intend to promote websites using Ad sense, ensure that you take time to learn how it works, the dos and don’ts and most importantly, which niches to promote. Don’t get into the business with an ‘how to make quick money’ mindset.
The higher the pay for the niche, the more competitive it is.
Some of the most popular and high paying niches in ad sense are
- Make money online
- Blogging Tutorials
That’s a whole range of topics to choose from to start blogging. Each one of these niches can further be divided into several sub-niches too. It will take some time before you begin to start earning with ad sense and get an idea of ad placement and ad type’s best practices.
Here’s our complete guide to getting started with ad sense websites.
Virtual assistants are exactly what the name suggests. They assist online businesses and people in a variety of tasks like accounting, online research, database population, customer service, scheduling, SEO and presentations.
Payment for virtual assistants can be on a contract basis or on an hourly basis. Some skilled and experienced VAs earn as much as $40 an hour. That’s right. If you have the skills and the speed and bring tremendous value to the table, you can command a price and get it too.
The first thing to do is to find the niche that you are skilled at. Are you skilled at book keeping or digital marketing tasks? Maybe you can try something more generic like managing social media accounts.
Click here to visit our list of top ten freelance websites to look for VA job opportunities.
There is a huge demand for good quality domains and with the fervent pace at which the internet business is taking shape, it shows no signs of waning any time soon. Want to know how to make quick money? Find a good quality domain and resell it for a profit.
Once again, it sounds a lot easier than it is. You need to understand how to spot a good domain, analyze metrics, the back link profile, the anchor text ratio and run a bevy of other spam checks. A clean and quality domain can easily net you more than $100 in profit per sale.
There are software which can be used for domain scraping from the expired domains pool and also from the auctions market where you will be bidding for domains and competing against resellers. Make no mistake; the domain selling business is one of the most competitive ones.
Some of the sites where you can get started with flipping domains are afternic, flippa, Sedo, Cax and Hunting moon.
An online tutor, also known as an E-tutor or virtual tutor is one of the fastest growing work from home job opportunities for skilled professionals around the world. Call it a demand for additional skills or the desire to study at their own convenience, more and more students and professionals these days seek one on one tutoring on the web.
Unlike a traditional tutoring service, the subjects are no longer limited to the conventional. Some of the high paid tutoring job sites have a huge demand for tutors who can teach business administration, lean and six sigma, project management, languages, logistics and supply chain management, in addition to the traditional subjects like mathematics, physics and chemistry.
In 2016, India leads the list of countries that offer quality tutoring services at cost effective prices. If you are starting off with e-tutoring, then it is recommended that you take some time to understand how the business functions.
You only need a computer with a webcam with a microphone and an internet connection to get started. But browsing through tutoring websites like tutor.com and myprivatetutor.com will give you an idea of how much to bid for tutoring jobs.
It is estimated that a beginner tutor can earn up to $12-15 an hour for subjects like mathematics and chemistry. Advanced subjects and more experience can net you up to $50 an hour or more.
Looking to get started as an online tutor? Click here to read our list of essential tips that will help you immensely.
This is considered to be the freelancer’s era. Working as a freelancer lets you choose your own work hours, set your own payment terms and earn either part time or full time with it. If you have ever wondered how to make extra money, then you should serious consider freelancing in your free time.
Content writers, graphic designers, photographers, voice over artists, actors, editors, musicians, sound engineers, videographers and digital marketing consultants, everybody works freelance these days.
There are ample job opportunities too. It goes without saying that you will be starting off with a slightly lower rate until you can build some credibility and get some reviews to your name on freelance job sites. Once you gain some visibility, you can increase the rates and start bidding for more competitive jobs.
Here’s a list of the top 10 freelance job sites that will help you get started with your freelance career.
If you thought that the delivery boy who bought that Amazon.com package to your doorstep or the Foodpanda delivery to your home is a school dropout without a college degree, then think again. Educated and skilled professionals are choosing to work as delivery boys either part time or even full time due to the great pay and lots of perks.
We have witnessed an explosion in the number of food startups alone who are looking for delivery boys. And then there are the e-commerce giants. Suddenly, finding a job and making money doesn’t seem so difficult anymore. Contrary to the job scenario that has cut throat competition, the delivery job doesn’t seem to find many takers. At least, as of now, your chances of landing a job as a delivery boy is significantly better if you are a fresh college drop out.
With bonuses for peak hour deliveries, fuel and food allowances, delivery boys can make up to $30 a day or more. Not a bad income for a college student or a part time employee.
Do you have a vibrant personality, are outgoing, social and love connecting with people? You can consider a career in direct sales. A direct salesman is an independent distributor who sells directly to the customer.
There are a whole range of products and companies to choose from. The old, tried and tested guys like Amway, Avon, Mary Kay and Herbalife and there are a lot of newer companies too that have recently entered the market.
It is estimated that almost 15.2 million people work in direct sales in the US alone. The total revenue of direct sales in the world is approximately $114 billion. If this suggests anything at all, then it is the fact that the business is booming and there is no dearth of opportunities.
You can either choose a single-level marketing business where you will sell to customers or choose a multi-level marketing business where you can hire people who work under you (downline) and you earn commissions from the sales made by your employees too.
Naturally, a multi level marketing business is more lucrative. Need some motivation? Synara Brown, a direct seller for Wildtree Herbs earns more than $300,000 a year. However, she has a huge down line who are actively promoting the business netting her a staggering amount in commissions.
The success of a direct sales business largely depends on the success of your down line.
The world loves its pets and they need someone who can chime in and stay with their pets in their absence. This makes pet sitting and dog walking a great part time job opportunity or a full time business option for anyone who has a way with pets.
You do not need any educational qualification or even an upfront investment to get started. It is estimated that pet sitters can earn up to $15 per visit with a typical visit lasting for 25-30 minutes. So, if you can manage 8-10 visits a day, you are looking at $150 every day which makes it much better than any full time job.
The caveat is that you need to market yourself and put the word out about your service. Just be aggressive and start off by marketing in local communities, craigslist, post fliers and get your friends and relatives to hire you. Let them pass the word of mouth.
PTC/ Online Surveys
Last but not the least; we have PTC and online surveys which won’t make you a millionaire but is one of the best ways to make extra money. PTC stands for ‘Paid to Click’ and you can earn a small amount of money for watching advertisements and clicking on them. In some cases, you may have to watch videos or perform small tasks, like taking surveys.
Surveys have been around forever and are one of the oldest ways to make money online. However, there are very few legitimate websites which provide you with online surveys. The pay can be very low and you may not qualify for all surveys due to your demographics. Swagbucks is one of the newer and better known websites for getting paid online surveys.