The internet offers many opportunities to generate passive income sufficient for you to quit the rat race.
Whether you’re looking to make some fast cash, or you’re after long-term, more sustainable income-producing results, there are certainly ways you can make money online today. The truth is that making money online isn’t as difficult as most make it out to seem. It does require some discipline. Sure. Without discipline, you’ll find it tough to make a buck both online or offline.
However, if you’re looking for realistic ways you can start earning money online now, then it really truly does boil down to seven paths you can take towards profit. Some will provide you with immediate results, helping you to address your basic monthly necessities such as rent, utilities, and groceries, while others have the potential to transform your life by revolutionizing your finances in the long term.
No matter what method you select for generating your online income, there’s one very important thing to understand. Today, across this globe, with its 7+ billion inhabitants, there are two recurring things that people are looking for more of. Either people want more time or they want more money. The truth? Time is far more valuable than money. You can’t recreate time. Once it’s spent, it’s gone forever. Not money.
Money can be earned and spent, saved and pilfered, invested and wasted. Not time. That’s why time is far more valuable than money. The point? When you lack the luxury of time, making money online (or offline) can seem like an impossible task. How are you supposed to do that when you’re working at a life-sucking nine-to-five job? While the stability of full-time employment might allow most to sleep well at night, it doesn’t empower your creative juices to search for new income-producing strategies.
Now, this isn’t about some get-rich-quick method here. If you want to get rich quick, forget about trying to do it on the internet. Sure, Facebook ads are all the craze, but without a serious understanding of the mechanics behind sales funnels and conversion optimizations, which only comes after years and years of in-the-trenches work in the internet marketing field, you’re largely wasting your time trying to “get rich quick.”
How to Make Money Online
No matter what method you end up using to generate an income on the web, you need to adjust your mindset to help empower you rather than discourage you. The truth? Making money online can be fraught with avoidable pitfalls. There’s no shortage to the rah-rah cheers of internet marketers looking to find ways to ensure they part you from your hard-earned cash. The trick? Cancel the noise and get to the real meat and potatoes, so to speak.
To do that, you have to harbor a few fundamental guiding principles in your mind. Today, if you’re at all serious about generating a full-time income (and more) from your online activities, then you need to focus on passive income as opposed to active income. Sure, the active income will help you survive. That’s the scarcity mentality at play. But it’s the passive income ideas that will help you thrive.
Considering that you have a finite amount of time, passive income should make up a large part of your work. And if you’re serious about generating any semblance of income online, then passive income should be one of your sole goals and ambitions. Why? Simply this. Wouldn’t you prefer to do the work one time and get paid repeatedly as opposed to relying on your time to generate that income?
Since time is the most precious commodity on this earth, invest the time at the front-end so that you can reap the benefits on the back-end. This means putting in a bit of sweat equity and not getting paid today. Rather, you’ll get paid somewhere down the road. And you’ll continue getting paid whether you keep building that passive income stream or you stop. It’s obvious that this is the preferred route, but clearly the road less traveled.
Anyone interested in making money online should be pursuing passive income, while also working on active income. There are loads of ways to generate an income passively on the internet, many of which start at the foundation of having a blog, generating substantial traffic and building an audience and a list. Is it easy? Nope. Is it worth it? It sure is. But that doesn’t mean you need to start a blog to make money online today.
You could opt for a non-blog-starting route. Sure. But if you’re looking for longevity in your income-producing abilities on the internet, then a blog should be your primary aim.
- Leverage the app economy.
If you’re looking to address some immediate financial needs, then the app economy is likely right for you. Thanks to the global sharing phenomenon, launched in part by our smartphones and ever-burgeoning global connectivity, you could easily opt for some quick active income by using well-known apps. From ride sharing to deliveries and even quick tasks, there’s an app for that today, as the saying goes.
Drive for Uber or Lyft: If you’re in a locale where you can find Uber or Lyft (or even one of the many competitors around the world such as China’s Didi), you could easily make a respectable income. The hours are flexible and you can work as you see fit, making it perfect even if you currently have full-time employment but are looking to make some money on the side.
Deliver for Postmates: Apps like Postmates are a dime a dozen today. Still, Postmates is by far the most popular, and you don’t even need a car in some locations to make money with this app. In some urban developments and major metropolises like Manhattan, a bike would suffice.
iBotta: Earn cash back rewards by purchasing featured products at major retailers. All you have to do is add rebates, go shopping, then snap a photo of your receipt to earn your cash back. Simple and effective. Plus this app has over 50,000 five-star reviews on the App Store.
Task Rabbit: Another simple and straightforward app for making a bit of side-hustle income is the Task Rabbit app. Tasks can be anything from simple repairs to more exhaustive undertakings. The app carefully vets each service provider to ensure the highest quality, and it’s a great way to make some extra income on the side on your own terms.
Ebates: This app offers a simple way to make money online by buying whatever you’re already buying and then getting a cash-back reward. With eBates, there are no scanning receipts. Simply click a link in the app and buy from the store. You’ll automatically be credited your cash rewards upon purchase along with receiving an email confirmation.
Swagbucks: With Swagbucks, there are a number of ways you can make money. You can shop online, watch videos, answer surveys and surf the web. The app gives you both cash back and gift cards as a reward for your efforts.
Inbox Dollars: Another app you can use to make money online is Inbox Dollars, which pays you for watching television, taking surveys and shopping. There are cash offers here and it’s relatively similar to some of the other apps in this arena.
- Utilize existing sites.
You could likewise select to utilize existing sites for profiting. These incorporate both dynamic wage and automated revenue strategies. For instance, you could offer some utilized things or put resources into making some advanced outlines that at that point can be sold on the stock. Once more, dedicate a sizable part of your opportunity to easy revenue so you can gradually develop profit that will land on autopilot with no additional exertion.
Obviously, an expansive part of these destinations does have their own particular applications. Yet, these are absolutely less engaged with the gig economy, and all the more so in the more drawn out term extends that exist in the fields of photography, web-based advertising, visual computerization and web improvement, for instance.
Craigslist: This website has been the go-to asset for over 10 years now for individuals that are hoping to make a touch of additional cash on the web. You can without much of a stretch offer your utilized stuff, lease an extra room in your home or flat, and present your administrations to the world.
Upwork: This site offers an awesome commercial center for offering pretty much any expert administration. You needn’t bother with a vendor account, site of your own or whatever else besides. You should simply have the capacity to give an amazing administration at a sensible cost. In any case, be educated, you should contend with numerous others that are always offering on open employment.
Bistro Press: This site enables you to make advanced outlines that would then be able to be sold on the stage. You’ll win a commission for everything that offers and you’ll never need to manage printing, warehousing, client administration et cetera. The webpage has more than 2 million autonomous architects that have made items being sold online here. On the off chance that you have some visual computerization abilities, at that point, this is an extraordinary potential hotspot for your electronic wage.
Fiverr: Israeli-based Fivver was begun in 2010 by Shal Wininger and Micha Kaufman. It’s an extraordinary asset for offering pretty much any administration on the web. You can offer gigs as low as $5 yet additionally get paid substantially more for overhauls and additional items. There are a lot of suppliers procuring 6 figures on Fiverr so it’s certainly a beneficial aim for creating a sound wage. Simply guarantee that you give some genuine esteem.
Mechanical Turk: Amazon’s Mechanical Turk is an asset for doing human-insight undertakings, or as the site ordinarily alludes to them, HITs. You get paid a little charge for any given HIT and you’ll require a decent arrangement of volume to make a considerable measure of cash. Be that as it may, it is an asset you can use in your extra time to create a little salary on the web.
Flippa: If you have an inclination for purchasing and offering, you could utilize Flippa, and its higher-end partner, Deal Flow Brokerage to purchase and offer sites for a benefit. You’ll have to recognize what you’re doing here, however you could without much of a stretch make a sizable wage by flipping wage producing sites for the benefit.
Etsy: While Etsy’s notoriety has declined as of late, it’s as yet an incredible asset for offering high-quality things on the web. No requirement for complex online business destinations or dealer accounts or any kind of computerization. The organization takes a commission of each deal and charges a little posting expense for each thing. In any case, numerous still utilize Etsy as their essential wellspring of pay. Best of all, you can likewise offer computerized items on here, for example, notice outlines.
Shutterstock and iStockPhoto: Have a sharp eye for photography? For what reason not offer photographs on a portion of the main photography destinations. You’ll require some plan programming aptitudes to follow along. In any case, on the off chance that you do have expertise in this field, it’s an awesome potential hotspot for automated revenue.
Threadless: Similar to CafePress, Chicago-based Threadless likewise enables you to offer advanced outlines as shirts and other stock, for example, telephone cases, mugs, shoreline towels et cetera.
Zazzle: Another awesome asset for offering on the web is to utilize Robert Beaver’s Zazzle. The website is to some degree like Etsy and for all intents and purposes, anybody can profit web-based offering an assortment of things here. From craftsmanship to carefully assembled things and adaptable items, you can basically offer anything here.
- Offer your own particular stuff.
Prepared to enter the online business shred? For what reason not offer your own particular stuff. Obviously, alongside offering your own particular stuff without anyone else site comes an entire slew of the two duties and specialized design and prerequisites. First of all, you’ll require a site and a facilitating account. You’ll additionally require a dealer account (beyond any doubt you can utilize Stripe or PayPal). At that point, you’ll have to plan that site, assemble a business channel, make a lead magnet and do some email advertising.
You’ll likewise require internet business programming, satisfaction programming, stress over warehousing, client administration, discounts et cetera. In any case, that is not all. You’ll additionally require movement. Think site improvement, Facebook promotions, and other online networking efforts. Seem like a considerable measure of work? Indeed, it is. Particularly on the off chance that you do everything all alone. You could settle on Amazon’s stage, which may be the less demanding course. Be that as it may, on the other hand, by the day’s end, this is a genuine business, which could create huge benefits. So you’re either all in or you’re most certainly not.
Shopify Ecommerce: Want to fabricate your own customer-facing facade? You could select to make a Shopify store. You could likewise introduce WooCommerce as a module and run your online business store from your blog. You’ll require an SSL endorsement and an approach to process installments, yet you may locate this less demanding to get up and running quickly to begin offering instantly.
Satisfied by-Amazon (FBA): You could without much of a stretch begin offering on the biggest online store on the planet and overlook all the muss and complain about working out your own foundation and stressing overactivity. You should pay a commission, yet a large portion of alternate procedures will be computerized for you.
Drop-shipping: Amazon offers one type of drop-shipping, yet there are different assets for drop-shipping items that you’ll never really need to see or handle yourself. You’ll just need to bring the deal to a close. Suppliers like SaleHoo, Worldwide Brands, and numerous others, offer you an extraordinary asset for drop-sending your items.
High-ticket counseling or training: You could offer your own high-ticket counseling or instructing items from your site. Despite everything, you’ll require a site, shipper account, deals pipe, lead magnet and numerous different things. Yet, you can undoubtedly win a significant measure of cash from every individual client, influencing it to certainly justified regardless of the strenuous setup required.