How to Make Money: 9 Ways to Earn Extra Income from Home
Making some extra side hustle cash doesn't actually have to be that complicated. As someone who's been immersed in the field of online income generation for nearly two decades now, I can tell you that it takes some work. However, there are several clear paths forward. At the end of the day, it all boils down to what your goals are and just how much you're looking to automate your income. Read the article to the end ⬎
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What is the best way to make money online?
As most of us know, having extra money is nice. Having money that's not tied up in traditional banking instruments, such as a mortgage or student loans, is a big plus. However, few people are willing to work six, or even five-day weeks, for mediocre pay, and if they are, you can rest assured they'll leave to greener pastures once they start making more money elsewhere.
Therefore, to make it as an internet entrepreneur, you're going to have to be both resourceful and willing to sacrifice a little of your free time. Here are several ways you can make money while your soul floats around your own private island.
How to make money online?
Whether you're just getting started or looking to increase your revenue, there are several opportunities to make money online. Below, I'm going to break down the steps to making money online in a step-by-step format. In the end, you'll have a clearer understanding of how to make money online without hiring an outside job coach.
1. Choose an online course
You're already spending a good chunk of your day online. With that in mind, why not start earning a side hustle? A great way to make money online is to take online courses that teach you skills that can be applied directly to your career and your professional profile.
Obviously, the courses you choose to take should align with your career goals. The types of online courses you choose to take will depend on your specific goals.
2. How to make money with apps
As a digital nomad living in Asia, I've used mobile apps to earn extra income for quite some time now. These income-generating apps allow you to monetize your time and the skills that you have to help you stay productive, flexible, and creative. Below are 10 ways you can use apps to get started on the road to extra money.
If you want more ideas to help you make money using these apps, I've created an extensive list of nearly 200 options you can take advantage of to generate extra cash through apps. Check it out here.
This is the perfect app for freelancers and small business owners who want to get some extra money or produce content for others online. Freelancers post jobs with price requirements and specify their specifications on the job.
3. Build Your Own Business
I started at an early age by selling a product that had to be made, thus the profit potential was limited. In the years that followed, I gradually had the opportunity to grow the revenue. Today, I've managed to generate over $30 million annually selling the same products. If you really want to earn money, I would suggest starting small with a product that you love and know really well. In fact, start by selling something you can purchase for next to nothing. As you begin to grow and automate your revenue stream, you'll have the opportunity to take on additional, high-margin products and even expand to a new product category.
4. Part-time Jobs
Part-time" work does not always equal "no work." There are plenty of opportunities to get paid to do housework, babysit, or run errands for people on a regular basis. I know plenty of people who've set up little workshops in their homes and have done all sorts of odd jobs, from cleaning to running errands for their neighbors to even doing their friends' grocery shopping. You can even create your own jobs from home. Setting up a service site or an online shopping cart for your own use is an easy way to earn a few extra bucks.
Those with jobs that can't be completely automated, however, will often come up with creative ways to make extra money from home.
5. Survey Sites
Surveys are the purest place to go in regards to earning extra income from home. In this way, you get paid for taking a survey or a few surveys.
Depending on the individual, they might either be happy or disappointed with their scores. In return for submitting an online survey, some people earn a few bucks or a couple of bucks' worth of gift cards.
6. Freelance Writing
Let's get one thing straight, writing isn't for everyone. However, for those who can tap into their natural desire to tell stories, writing for hire is a great way to earn extra income. Writing gigs can be quite lucrative and fairly easy to find. They'll often have a pay-per-completed-article option that will ensure that you get paid just for taking a few minutes out of your day to write.
7. Paid Trials or Free Trials
If you're already a professional, paid trial is probably a no-brainer, especially if you're on the fence. Why pay money to go through what you could easily test out for free? If you're on the fence, there's no harm in getting a one-off offer.
Alternatively, if you're happy with your current situation, consider using a free trial to test the waters of a paid service or game. Otherwise, why not test your luck and see if you can get your game for free (or maybe even for next to nothing)? Just make sure you're aware of the terms and conditions before you sign up.
Have you ever wondered how to get more clients, increase the impact of your social media marketing campaigns, or maximize the potential of a website? If so, chances are you're not the only one.
8. Sell Your Services
You can do a whole lot with nothing, and sometimes you need to take advantage of a hot market and your own entrepreneurial savvy to do so. In addition to standard services like online affiliate marketing, or simply listing your skills on a freelance marketplace like UpWork or Freelancer, you can also opt to sell yourself.
Now, the word sell might raise some eyebrows, and rightfully so. After all, the entire idea of "selling yourself" has been tossed around in more ways than one over the years. However, the reality is that as long as you're operating on a service-based platform, people are willing to pay for the expertise you've gained in your career.
8. Make money from home
On top of writing for great publications like The Motley Fool, online streaming videos like The Motley Fool Show, and live-streaming by way of The Motley Fool's members forum and Youtube channel, I am currently gearing up for a speaking career and a ton of freelance writing gigs. The more involved you are in this business, the more opportunities will come your way.