There are many ways to make money online. For example, as the author of this blog, I am making money from Google Adsense and affiliate marketing. Similarly, you can find the best gig for you to make money online too.
Probably this is the most honest guide to make money online 😇
This article is based on my very own experiences trying to make money online. I am always paranoid about losing my ability to do a job. Therefore, as soon as I get into college, I started working on many methods to make money online.
I flipped products on eBay, started dropshipping, tried freelancing, started blogging, and did a lot of VA jobs to make money online. I was never a fan of any get rich quick schemes though. Now it has been nearly ten years since I started making money online. And, now I do dropshipping and blogging to make money on the side.
So, in this guide, I just wrote everything I know about making money online. I have shared pros and cons, pitfalls, tip, tricks, and many more about online money-making gigs. So, check it out, and see if there is anything you can learn from my experiences and mistakes.
⚠️ We are not talking about online surveys, ad-clicks, or any illegitimate methods
If you are looking for a method to make “thousands of dollars overnight”, there is no point in reading this any further. Also, here we are not talking about how to waste your time doing surveys or clicking on ads. This article is all about how to make a living online.
The 5 best ways to make money online
- Online freelancing
- Blog or a YouTube channel
- Making money on Facebook and Instagram
- Doing VA jobs
The above five methods are the best online income sources that anyone can work on. So, let us go through each of the methods from the above list and see the best way to make money online.
Start freelancing to make money online
Online freelancer is a self-employed worker. And, they work on gigs (short-term jobs) from different clients. They can define a price for their work depending on the service that they provide.
What are best freelancing jobs with a highest demand
- Graphic designing (Logos, flyers, posters, book covers, etc.)
- Website development and programming
- Writing, proof-reading, and translations (Blog posts, ebooks, whitepapers, etc.)
- Video editing and animations
- Digital marketing (SEO, Facebook advertising, social media marketing, etc.)
- Voice overs
- Business (Data entry, market research, consultations, etc.)
- Tutoring (languages, school curriculum, etc.)
How to start freelancing
First of all, you need some sort of skill to monetize. For example, if you are thinking of designing logos, first spend some time developing your logo designing skills. There are plenty of free tutorials and guides available online to learn such skills. Also, you can find plenty of professional on-demand tutorials, made by industry experts, on Learn from Fiverr as well.
Next, pick an excellent freelancing marketplace like Fiverr to start your gig. Check this video to learn everything you need to know about starting a successful gig on Fiverr (the link opens in a new tab).
Additional tips about making money as a freelancer
- Getting your first few clients is the hardest part. When I started logo designing on Fiverr, it took nearly four months to get my first client. Then, it took another month (as far as I remember) to get the second job. However, as the order count and reviews go up, it was all downhill from there.
- Customer-first. Freelancing marketplaces have a client-first approach. Keep that in mind, when working with demanding customers. One bad review can cost you many orders.
- Polish-up your skills. When you are selling your skills, you have to be really good at what you sell. That is how you get repeat clients.
- Don’t undersell. Some sellers charge a very low fee on those platforms. Don’t undersell your skills. Good quality clients pick a seller with the right price. Anyway, those who are trying to get work done for the lowest possible fee are the hardest clients to satisfy.
Dropshipping to make money online
Alright folks, now I have been running a couple of online dropshipping stores for years. And, I am making around $2k per month from both of these stores. Well, I have a day job and I don’t spend more than an hour or two every day to run those two stores. So, $2k per month is worth my time and effort.
What is dropshipping
Dropshipping is an easy way to run an online eCommerce store. When you dropship, you don’t have to keep the products you sell in stock. Instead, you only sell the product and pass on the sales order to a third-party supplier, who then packs and ships the order to your customer.
What are the products you can sell with dropshipping
You can sell anything. But, usually, products like phone cases, cheap jewelry, coffee mugs, clothes, pet toys, simple household gadgets do really well in dropshipping. Well, you can sell high-ticket dropshipping products as well. But, it is a lot trickier than selling low-cost products.
Where to find suppliers when dropshipping
Lots of beginners start dropshipping by re-selling AliExpress products. AliExpress is an online retail marketplace, where most of the sellers are from China. And, there you can find incredibly low-cost products that could be sold for a higher price to the USA and European customers. Also, there are many automation plugins and apps that make it quite easy to fulfill orders through AliExpress. So, if you are just starting up, AliExpress is a good place to source products.
However, as you scale up your business, you can start working with local manufacturers and wholesale suppliers to do dropshipping. This will help you to sell unique products, improve the shipping times, and to increase your profit margins.
You can read and learn the whole process about dropshipping using our How to start dropshipping – The free startup guide.
Where to sell dropshipping products
The easiest way is to create your very own online store to sell products. So, you can have full control over the dropshipping process. And, the best part is that the modern eCommerce shop building platforms let you create an online store even without any technical knowledge.
Shopify offers a wide range of integrated solutions to run a successful dropshipping business. For example, if you create an online store on Shopify, you can get access to fulfillment automation tools like Oberlo, which can make your life much more comfortable. So, it is truly a hands-free business. Try Shopify for FREE today.
My best advise to make money online from dropshipping
When I first started dropshipping, I didn’t know anything about digital marketing. And, I even ran ad campaigns blindly without proper targeting. So, I lost around $2000 in my very first try. Therefore, here is my best advice to make money online from dropshipping.
A successful dropshipping business depends on two things. First, you have to select the best products for dropshipping. Next, you have to build a robust dropshipping marketing strategy. If you know how to handle those two steps, you can build a successful dropshipping store to make money online. So, it is worth spending some time to learn them.
Make money online from a blog or a YouTube channel
I am making money online from this blog. To be specific, I make around $500 per month from this blog (update: 2020-June).
Well, I know that $500 is peanuts compared to what others are making. For example, my blogging mentor is making nearly $30k per month from his blog. But, my $500 a month is worth running this blog. Why? Because I only spend around 3 hours every WEEK to run this blog. That means this blog lets me make around $40 per hour, online.
If I compare that with my two dropshipping stores, where I make around $2k per month, I spend around 2 hours every day to make that $2k from my online stores. And, if you do the math, it is around $30 per hour. Also, running an online store can be a headache sometimes. But a blog, it is never a headache.
How to make money online from a blog
There are three best ways to make money from a blog.
- Affiliate marketing
- Selling digital products
- Having an eCommerce store
Make money from a blog by advertising
Running ads on your blog is a simple and effective way to make money online. If you have a blog with good quality content, you can apply to an ad network as a publisher. Once approved, you can drop their ad code on your blog and get paid. And, you can get paid for both the number of impressions (CPM) and clicks (CPC) on those ads.
I am using Google Adsense for this blog. Google Adsense doesn’t pay much. But, it is easier to apply as a new blogger. However, if you can get more than 25k sessions per month, you can apply for other ad networks like Mediavine to get higher payouts.
Make money with affiliate marketing
Affiliate marketing is a lucrative way to make money from a blog. With affiliate marketing, all you have to do is to promote a third-party product or service on your blog. However, you have to promote the products and services that are related to your niche for the best results. For example, in this blog, I am promoting four third-party services. And, if someone makes a purchase from those services using my links, I can get paid a commission without affecting their purchasing fee.
Promote only the services that you trust
Remember, the key to a successful blog is audience engagement. Your audience is what matters most. So, when you promote something on your blog, make sure only to promote the services that you truly trust. Otherwise, it would hurt your blog’s trustworthiness.
Read more: The best affiliate programs for bloggers
Selling digital products on your blog
This is another great way to make money from a blog. It might sound intimidating first, but if you know the right way to do it, it will unleash the true revenue potential of your blog. You can create eBooks, printables, Online courses, photos, graphics, apps, etc. on your blog to make money online. So, if you think that you have something valuable to share, perhaps it is a good idea to give it a try.
Having an eCommerce store
Having an eCommerce store on your blog is another best way to make money online. So, you can use the traffic to your blog to promote the products in your store. It is the same as opening a shop on a street with massive foot traffic. Now, what would happen if you open a doughnut shop near a police station? BAM! You can get more sales… Likewise, if you can open a store to sell products that can be interesting to your audience, you can increase the chances of making more sales.
You can use the same dropshipping strategy that we have discussed earlier to start an eCommerce store on your blog. Or, you can even start a print-on-demand business to create an eCommerce store on your blog.
Make money online on Facebook and Instagram
How much time do you spend on Facebook and Instagram every day? What if you can use that time to make money online. Yes, you heard me right. There are different ways to make money online from Facebook and Instagram. Here are the most popular methods.
Monetizing a Facebook fan page
- In-stream ads – In-Stream Ads are short ads you can include in your videos to earn money. To be eligible for In-stream ads, you need a minimum of 10k followers and 30,000 1-minute views on videos within 60 days.
- Brand collaborations – You can connect with brands looking to promote their products and services with your followers. Then, you can get paid to run collaborative promotional content.
- Fan Subscriptions – If you have a genuinely engaging and loyal fan-base, you can make money online through Fan subscriptions. So, you can offer exclusive content for your subscribers and earn a monthly income.
Check Facebook for Creators to learn more about how to make money online on Facebook.
As your Facebook audience grows, you will start getting requests to run promotional content from outsiders. And, some of these requests are genuine and help you with building long-term relationships with brands. However, some of these requests can be from scammers.
Some of them will ask you to add them to the page-roles to create promo content. And, the next day, you will get kicked out from your page admin role and you will lose the page. So, don’t let those scammers play you.
Make money on Instagram
Nowadays businesses (big or small) are extensively looking for social media influencers to promote their products and services. With the ever-rising popularity of Instagram, now even the micro-level influencers (those who have around 1k-5k followers) can make money online as social media influencers.
Read more on How to make money on Instagram
Facebook and Instagram Shops
Facebook shops are a revamping of Facebook page shops. Facebook has started rolling out this new feature during the 2020 COVID outbreak to support local businesses. So, now it comes with many advanced facilities, including the checkout facility.
That means, if you have an engaging and loyal audience on your Facebook page, you can start selling a physical product to them and get paid online right from Facebook or Instagram.
Read more about Facebook Shops
Doing VA (Virtual Assistant) jobs to make money online
VA jobs are similar to Freelancing gigs that we have discussed at the very beginning of this guide. Most of the small businesses who cannot afford to have a full-time worker for certain tasks, tend to outsource their work to virtual assistants. So, if you are available to work online, you can support these businesses to start making a living online.
Apart from getting jobs from online marketplaces, you can even plenty of VA gigs from your local business communities as well. For example, when I was in college, I worked as a VA to make money by managing online listings for a couple of local hotels. Similarly, if you look around you can find such online jobs as well.
What type of VA jobs you can do online
From my experience, I worked as a VA to manage online listings for hotels. Then, right now, I am working with a VA to manage my online dropshipping stores. So, here are some other high-demand VA gigs to make money online.
- Data entry
- Product research
- Facebook page management
- Content writing
What I like about doing VA gigs is that it brings a recurring income every month. Once you do an excellent task for a business, usually you will get that task next month as well. So, unlike other freelancing gigs, here you don’t have to worry about finding new jobs every month.
How to get paid from local jobs
First, you can ask them to pay you on PayPal or through direct bank deposits. However, you can also ask them to offer you the job through a freelancing marketplace like Fiverr or Upwork. Even though you have to pay a platform fee by doing this, it can increase your order count and reviews, letting you find more clients from those platforms. If you have a plan to continue this work, this is the best way to manage your gigs.
Now you know all my secrets to make money online
I am not a guru or some sort of an expert to make money online. I am also learning and trying new ways to make money. So, I hope this guide will give you a good point to start vetting on online money making methods. These are the methods that worked really well for me, and I am sure that those will work for anyone else as well.
So, if you find this article useful, please share it with your friends. Also, comment below and share your thoughts on how to make money online.
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