How to Make Money Online? 10 Data-Backed and 6 More Ways to Make Money Online

How to make money online is a pressing question. There are many options available. However, it is necessary that you make data-driven decisions and select a method with a high-earning potential to earn more money.

In this post, I will share 16 ways to earn money online. 10 of those methods are backed with industry data. Based on the numbers, you can select the best options to earn passive income.

But before I start with the list, let’s learn why you should consider using online money-making jobs.

2 Reasons Why Should You Make Money Online in 2022

I know people will give you a big list of reasons that will include arguments like:

  • You can choose your own path.
  • You can work in your pajamas.
  • You can be your own boss.
  • You can set your own hours.
  • There is virtually unlimited income potential, and so on.

They are all true, but here are the two most important reasons:

1. Pandemic:

China unleashed terror with the Wuhan virus. Millions lost their livelihoods. Those who depended on online money-making during the pandemic stayed afloat financially.

Unfortunately, the ailing world economy is still recovering. Tomorrow, if another pandemic hits, the world economy can collapse. With online jobs, you can maintain your financial health.

Here are a few data snippets from the United Nations that will tell you the impact of the Wuhan virus (COVID-19) pandemic:

Work hour losses in Latin America, Central Asia, Europe, and the Caribbean: 8+% in the first quarter and 6+% in the second quarter of 2021.

Employment dropped for women in 2020 by 5%.

Employment dropped for men in 2020 by 3.5%.

Youth employment dropped by 7%.

Adult employment dropped by 3.7%.

Compare to 2019, extra 108 million people globally in the informal sector were categorized as ‘extremely poor’ or ‘poor’ with individual daily sustenance dropping to $3.20.

If that does not scare you, your secret is out. You are a Neptunian alien nesting on Earth. I will find your lair.

2. Parallel income source:

Extra money is always useful. Earning money online can boost you financially even if you have a full-time day job. Here is some data from the U.S. Bureau of Labor Statistics for 2020:

Average yearly expenses of an American household: $61,334.

Average annual income after taxes: $74,949.

Americans spend 82% of their post-tax income.

They save only 18% of their post-tax income.

The recommended savings rate is 20% minimum.

What are the major expenses?

Here is a breakup:

us-average-annual-spending-post-tax
Spent OnMonthly SpendingYearly SpendingPercentage Spent
Housing$1,784$21,40934.9%
Transportation$819$9,82616%
Pensions & personal insurance$604$7,24611.8%
Healthcare$431$5,1778.4%
Groceries$412$4,9428.1%
Entertainment$243$2,9124.7%
Food (away from home)$198$2,3753.9%
Cash contributions$190$2,2833.7%
Apparel & related services$120$1,4342.3%
Education$106$1,2712.1%
Misc.$76$9071.5%
Personal care$54$6461.1%
Alcoholic beverages$40$4870.8%
Smoking/tobacco$26$3150.5%
Reading$10$1140.2%
Total$5,111$61,334100%
Please note that the U.S. Bureau of Labor Statistics only offers annual data. To get the monthly figures, I did some math.

The most volatile expense is the healthcare option. Anything bad can happen, leading to a significant bump in this expenditure. Having sufficient savings is vital.

An additional source of income is always desirable.

What if You Have a Day Job?

Remote work is your answer!

If you are planning on quitting your day job, you need a backup plan. Remote work is one of the best options. You can earn enough through online mediums to not only sustain but also, live comfortably.

However, you will need long-term planning. You must patiently stick with your day job until your online endeavors pay off.

Here’s some interesting data that you must know before quitting your 9-5 job:

According to Global Workplace Analytics, remote work jumped by 173% between 2005 and 2018.

Small companies are 2 times more likely to hire remote workers compared to big enterprises.

More than 4.7 million people in the US were remote workers even before the COVID-19 pandemic-enforced lockdowns. That, according to the U.S. Census Bureau and the U.S. Bureau of Labor Statistics, is 3.4% of the total U.S. workforce.

75% of people report they are less distracted while working from home. That is true even though they have pets, family members, and household chores.

76% of people avoid going to the office when they need to focus on very important tasks.

A survey by Slack found that out of 9,000 workers in 6 countries, 72% preferred the hybrid work model. 12% preferred office setting. 13% preferred working from home always.

Key takeaway?

With remote work, you can save time because you don’t need to travel, and your productivity increases. So, if your job permits, opt for remote work and save time.

With your spare time, you can start an online business. You can make it grow gradually until it reaches a point where you start making money that is enough to support your lifestyle and your responsibilities. You can then quit your day job.

10 Data-Backed Ways to Make Money Online

In this segment, you will find 10 methods along with industry data, which will give you a fair idea about the earning potential.

Flea Market to Online Flipping

how-to-make-money-online-buy-from-flea-market-and-flip-online

What is flipping?

In simple words – you buy something, hold it for a short period, and then sell it for a higher price to make quick profits.

This concept is usually related to the real estate market, but you can extend it to anything.

You can flip a website, a domain, a book, a computer, a phone, an artifact, some jewelry, dresses, curtains, furniture, and almost everything under the sun.

If you don’t have anything to sell online, you can always acquire something. The best place to buy products for flipping is the flea market.

Not very impressed with flea markets, are you?

Before you discard this option, take a look at this data:

According to National Flea Market Association:

The USA has 1,100 flea markets.

They have a collective sale of $30 billion annually.

150 million people visit the markets annually.

2.25 million vendors sell in those markets.

If people are buying previously used products, you can sell them. You can surely find something in those markets that you can sell.

Where can you sell the goods online?

Here is a small list:

  • Goodwill
  • eBay
  • Winmark
  • Thredup
  • Poshmark
  • Vestiare Collective
  • Farfetch
  • Rebag
  • The RealReal
  • Tradesy
  • Savers
  • What Comes Around Goes Around

Here are a few things you must keep in mind:

Demand: There must be demand for the product that you want to sell. Some market research will help you. You can consider fashion products, antiques, jewelry, etc.

Quality: The products you buy from the flea markets must be of good quality. If there are slightly damaged products that can be fixed easily, grab them and have them fixed before you sell.

Initial Investment: You must spend money to acquire them and have them fixed (if necessary). It is better if you start with smaller items that have low prices but high demand.

Profile & Response: When you go online and try to sell, people will notice your profile. Make sure it is professional. People may ask questions about the product. Gather as much information about the product as possible, and respond to all queries of potential customers.

Product Photo: The photographs of the product you upload on the site should be of good resolution. Poor-quality photographs can repel potential customers.

Reasonable Price: Don’t charge unreasonably high prices. If you purchased a product for $1, trying to sell it for $100 is stupid. Try selling for $10 or so.

The rule of thumb is to account for factors like the product price, transportation cost, repair cost, product listing cost, site fee, etc.

The idea is to ensure that the final sale price of the product must cover all your expenses and then give you a decent profit. You can decide the profit percentage. A good range will be 10% to 20% over the total cost.

Consider Open Bids: There is no hard and fast rule that you have to sell a product at a certain price only. Decide the base price (where you can keep 10% to 20% profit) and then allow potential buyers to bid. This can lead to sky-rocketing profits.

The Freelancer Way to Earn Money Online

become-a-freelancer

Freelancing can help you to make a lot of money.

But why should you consider this industry?

Here is some data that will help you:

According to Market Research, the market size of the global freelance platforms in 2018 was $2.35 billion.

By end of 2025, it is expected to reach $6.7 billion with a compound annual growth rate of 15.3% during 2019-2025.

That is the market size for the freelance platforms.

But here is something more:

According to Upwork, the US alone will have 86.4 million freelancers by 2027. The current freelance workforce of 58 million is contributing $1.4 trillion to the US economy.

According to Bloomberg, 54% of Google’s workforce is made of freelancers and contractors. Only 46% are on payroll.

According to Forbes, freelancers with specialized skills can earn up to $1,000 an hour. Also, the highest paying freelancing skills include SEO consulting, direct response copywriting, software development, lead generation & sales, and ad management.

If these figures cannot pique your interest, I don’t know what will.

Yes, freelancing will require some skills. If you have specialized skills, there is demand for that. If you can only do data entry, there are freelance jobs for that, too.

The point is that you must first identify your skills before you can sell your services.

I, for instance, was a freelance writer. I wrote articles and web content for my clients across the world. I chose to Copywrite because that was the only skill I had. Over the years, the SEO world changed and I picked the necessary skills to thrive.

You may not have writing skills. You may be a good designer, a brilliant voice-over artist, a talented software developer, a database administrator, a full-stack developer, or something else.

Your skill can help you make money.

You can choose a platform like Upwork to start your freelancing career. But that is not the only platform. There are many more like Guru.com. Freelancer.com, DesignCrowd, PeoplePerHour, Envato Studio, Fiverr, Toptal, etc.

Finding a suitable gig on sites like these is not a difficult task.

Yes, you must learn how to bid on available projects. Luckily, those platforms offer pro tips that you can follow to maximize your earning potential.

Be careful though! Never commit to a job you cannot finish. Never bid on a job that doesn’t match your skills. Never go for a gig if you are not confident.

When you do stupid things like that, your reputation will take a hit and your scope of grabbing new gigs will reduce significantly.

Also remember, clear and consistent communication with clients is a must. So, if you lack communication skills, a little brushing will help.

Earn Money as an Online Tutor

how-to-make-money-online-become-an-online-tutor

If you are a good tutor, you can use that skill as a way to make extra cash by teaching online.

If that doesn’t sound promising, the numbers below will change your mind:

In 2021, the market size of the global online tutoring services was $6.98 billion.

From 2022 to 2026, that market will increase at a CAGR of 14.7% and reach a value of $14.76 billion.

The COVID-19 pandemic helped the e-learning industry because schools were closed worldwide.

The primary types of online tutoring include language courses, STEM courses, and other courses.

STEM covers Science, Technology, Engineering, and Mathematics.

If you are contemplating becoming an online tutor, you must know one thing. Most of the platforms will require you to have a General Educational Development certificate, a high school diploma, or subject-specific certification.

In case you don’t have an academic degree, you can still become an online tutor. There are a handful of platforms like Preply, Wyzant, Knowledge Roundtable, Revolution Prep, etc.

Sell Courses to Earn Money Online

create-and-sell-courses

Like online teaching (tutoring), selling courses is a part of the e-learning industry. The key difference here is that you earn by selling courses that you create.

You may or may not be a certified professional. As long as you have expertise in whichever course you are offering, this business model can help you make more money.

So, is this a lucrative market?

Here are some insights from Statista research:

The size of the global e-learning market in 2019 was $200 billion.

By 2026, the market is forecast to reach a whopping $400 billion.

In 2019, the LMS or the Learning Management System market generated ~$18 billion.

Why is this LMS coming into the scene?

That’s because you will need one to create and sell online courses.

A learning management system or LMS will allow you to do the following:

  • Create courses by uploading text, videos, audio, images, etc.
  • Create individual lessons with quizzes and other interactive features.
  • Lock and drip your content.
  • Generate leads.
  • Cross-sell, upsell, or downsell.
  • Create membership sites and subscription plans.
  • Accept payments through multiple channels.
  • Create your own affiliate program and reward your affiliate partners.
  • Get detailed reports and analytics, and so much more.

Now the big question.

What courses should you create and sell?

Anything!

Really, anything!

If you have mastered something that you can teach, you can create a course.

Here are some examples:

  • Cooking
  • Home organizing
  • Gardening
  • Surfboarding
  • Snowboarding
  • Staking
  • Homemade jewelry
  • Sewing
  • Videography
  • Photography
  • Blogging
  • Fishing
  • Online trading
  • Yoga, etc.

There are various platforms that you can use to create, market, and sell your courses. Some popular names are Thinkific, Teachable, Kartra, Kajabi, Podia, Leadpages, ClickFunnels, etc.

The platform you select will depend on your business model. But if you can do it the correct way, you can make good money. In fact, it can give you better returns than selling your skills as a freelancer.

Start an Affiliate Blog (or a Normal Blog)

how-to-make-money-online-start-an-affiliate-blog

Blogging is one of the many money-making ideas, and in fact, it is one of the best ways IF AND ONLY IF…

  • You have the patience to continue it.
  • You know how to select a niche that will be profitable.
  • You can evolve your blogging with the ever-evolving SEO practices.
  • You are prepared and accept that one fine day Google will destroy your blog for absolutely no fault of yours.
  • You are ready to accept that Google will promote low-quality content on top.
  • You are ready to accept that big brands and news agencies will take your market share even when it is not their niche.

If you tick all the points above, start a blog.

Not just any blog.

Start an AFFILIATE BLOG.

Yes, you can go for general blogs but it will be difficult to earn even though there are several ways to monetize a blog.

I am not saying it is impossible, but it is definitely difficult. Awfully difficult!

But why an affiliate blog?

Here is some data to help you:

According to Astute Analytics (news published on PR Newswire):

The affiliate marketing platform was worth $19.2174 billion in 2021.

By 2030, the market will grow to $36.9021 billion.

The CAGR for 2022-2030 will be 7.7%.

While those figures are quite impressive, here is something more interesting:

31% of publishers (for the sake of simplicity, let’s call them bloggers) have affiliate marketing as one of their top three income sources.

For 9% of bloggers, it is their top income source.

According to Influencer Marketing Hub’s Affiliate Marketing Report:

3.78% of publishers or bloggers make $150,000+ annually through affiliate sales.

7.94% make between $100,000 and $150,000 annually.

5.15% make between $50,000 and $100,000 annually.

16.21% make between $10,000 and $50,000 annually.

57.55% make below $10,000 annually.

But then…

There are affiliates and bloggers like Adam Enfroy who earn six figures annually! Yes, he sells a few products, and you can do that, too!

Of course, affiliate marketing is difficult, but so is normal blogging.

None of them will help you earn money immediately. It takes time.

But with affiliate marketing, you can target multiple niches and products to maximize your earnings. If you can generate enough traffic to your affiliate blog, you can make it big.

If you don’t want to go the affiliate way and prefer a good old ad-monetized blog, you are free to do so.

However, before you start, here is some statistic collected by SEO tool giant Semrush that you must know:

In 2020 the US had 31.7 million bloggers.

Out of 1.7 billion websites, 500 million are blogs.

20 billion pages are viewed by 409 million people every month.

77 million new comments and 70 million new posts are created by users every month.

Yes, the data is old, but you get the picture.

To give you a clearer picture, here are some recent data:

The content marketing market will be $487.24 billion by 2026.

The compound annual growth rate for the content marketing market will be 15.8% from 2021 to 2026.

How does content marketing relate to blogging?

Well, big companies create their own blogs and use their content to promote their products.

They often hire writers.

They also ask bloggers to write about their products and promote them to their existing readers in exchange for commission (affiliate marketing).

As a blogger or a publisher, you can always monetize that affiliate content using ads. Thus, you can not only earn commissions through your affiliate links but also earn ad revenue.

If you decide to jump in, here are a few things you need to remember:

  • Make your blog user-friendly.
  • Ensure that the blog’s structure is search engine-friendly.
  • Select a profitable yet low-competition niche so that you can rank quickly.
  • Focus on quality content.
  • Focus on link building.

If you miss even a single point, your chances of making money from your blog will be gone, FOREVER.

People do not like poor content. Unless your content adds value, there will be no takers.

Blogging to earn is only for serious fellows. If your approach is too casual, you will fail.

There is one interesting thing you must know.

Ahrefs (a popular SEO tool company) has launched Yep Search Engine.

They are pitching themselves as a Google competitor and their business model rewards content creators. When someone uses their search engine to find your content, you will receive 90% of the revenue Yep earns through PPC ads.

Don’t get too excited just yet.

They are in their initial days and are busy polishing the search engine. They have not yet launched the revenue sharing model and there are no PPC ads running on that search engine.

If Yep manages do what they want to do, you can earn big for your excellent value-adding content.

Make Videos & Get Paid by YouTube

earn-money-from-youtube

Can you earn through YouTube?

Yes, you can.

Can you become a millionaire through YouTube?

Yes, you can.

In 2021, the top-paid YouTube stars were:

  • MrBeast – $54 million
  • Jake Paul – $45 million
  • Markiplier – $38 million
  • Rhett and Link – $30 million
  • Unspeakable – $28.5 million
  • Nastya – $28 million
  • Ryan Kaji – $27 million
  • Dude Perfect – $20 million
  • Logan Paul – $18 million
  • Preston Arsement – $16 million

While this may sound great, it is not easy.

You need to get subscribers and views. According to Intuit,

For 1 million views of a video, you can earn anywhere between $2,000 and $3,000.

If you have 1 million subscribers, you can earn around $60,000 a year.

If you have 100,000 subscribers, you will earn around $600 to $1,000 a week. This translates into $2,400 to $4,000 a month.

There is a lot you can earn through YouTube Partner Program.

But you can join YouTube Partner Program only if 1,000 subscribers and you have 4,000 valid watch hours for your videos in the last 12 months.

That’s where things look gloomy.

Getting the first 1,000 subscribers to your YouTube channel isn’t easy.

Your content must be appealing or absolutely disgusting.

Appealing content will attract viewers naturally.

Disgusting content will lead to negative publicity. Your content will be so awful that people will flock to see how can someone make such awful content.

No matter which route you take, the bottom line remains the same. You will need subscribers and views.

You can even do affiliate marketing through your YouTube channel. You can promote some products within the video and earn affiliate commissions if people buy products with your referring link.

And don’t forget these things:

  • You will need video editing skills. Rudimentary skills will do because there are a few user-friendly video editing software that you can learn quickly.
  • You may need to spend money on a camera, mic, etc.
  • You need to be careful about not using other creators’ content. If you do, you will get a copyright strike and your video will be demonetized.
  • You must follow YouTube’s rules of what you can publish and what you cannot.

If you want to make money from YouTube and earn really big, it is essential that you create original content.

Engage in Domain Flipping

how-to-make-money-online-flip-domains

According to PR Newswire, 379.2 million domains were registered in 2020. It is expected to reach 557.7 million domain names registered by 2026 at a compound annual growth rate of 6.7%.

The report further says that COVID-19 increased the demand for premium domain names because shifted to a digital-first economy.

That doesn’t mean that generic domains are not registered.

Domain flipping is an easy way to earn cash without hassles.

It works like this:

  • You register a domain.
  • You put it for sale at a higher price tag on a domain selling site. You may even allow open bidding.
  • If someone buys your domain, you make some profit.

Domains can sell for hundreds of thousands of dollars if you have a premium domain

However, there is a problem.

You must register domains wisely. You must do proper keyword-based research to identify potential domain names that people may want to buy.

The risk here is that if your domain is not selling, you will lose money.

But if you can unlock the secrets, you can make money quickly.

Domain flipping is quite popular. There are quite a few sites where you can sell the domains you register. You can sell them on sites like Sedo, Flippa, Namecheap Marketplace, etc.

If you can grab an aged domain and sell it, you can make bigger profits. Aged domains are often in high demand because of the SEO benefits that come along.

But remember that aged domains can be costly.

Sell Secondhand Apparel Online

sell-secondhand-apparel-online

According to Forbes:

In 2019, the global resale fashion market was a $24 billion industry.

By 2023, it is going to increase to $51 billion.

By 2025, the resale sneaker sales will reach $6 billion.

37% Gen Z population shop resale.

27% Millenial population shop resale.

19% of the Baby Boomers shop resale.

That’s interesting!

This data says that you have scope to earn by selling old fashion items. However, you need to make sure that the items that you are trying to sell must be in usable condition.

If you want to get into this, one great way to start is to grab used fashion wear from your family and friends (if they are not using them and are willing to donate).

You can also visit flea markets to find those items.

Now, once you have the secondhand apparel, you can start selling on platforms I listed under the flea market option.

Sell Stock Photos, Icons, and Illustrations

how-to-make-money-online-sell-stock-photos

According to Coherent Market Insights:

The stock photography market size in 2020 was $3.3 billion.

By 2028, the market will grow to $4.8 billion.

CAGR between 2021 and 2028 will be 5.2%.

With the rise in content marketing, the use of stock photos has increased significantly. There are various types of content that use stock photos. They can be simple blog posts, videos, infographics, and more.

Of course, content creators want to avoid copyright strikes, and hence, they use stock photos, icons, and illustrations. But using such stock elements also helps them to keep their content aligned to their brand design and ideology. Plus, those elements increase the attraction of the content by manifolds.

So, if you have photography skills, or if you are a designer with experience in icon design and illustration, consider selling them through stock photo websites.

There are many such sites. Shutterstock, Dreamstime, Depositphotos, Adobe Stock, Getty Images, etc., are some examples where you can sell.

Every time an end-user purchases a license to use your work, you get paid.

Of course, the site you use to sell your work will keep a certain percentage to host your content and make it visible to prospective buyers.

Become a Game Streamer

become-a-game-streamer

According to Future Market Insights:

The global esports & game streaming market size is approximately $2.3 billion in 2022.

Between 2023 and 2032, the market will grow to $7.2 billion.

The market will grow with a CAGR of 11.9% between 2023 and 2032.

If you are into computer gaming and/or mobile gaming and you don’t suck at it, this is the right time to monetize your gaming skills.

The most popular platforms for game streaming are YouTube and Twitch.

You can live stream your gameplay and monetize it with the following options:

  • Ad-supported streaming.
  • Request donations through platforms like Patreon and YouTube.
  • Go for brand deals and affiliate sales.
  • Sell your merchandise.
  • Allow subscription-only viewership.
  • Offer coaching, tips, and tricks for a fee.

Trust me. There are crazy people out there willing to pay to watch you play.

6 Other Ways to Make Money from Home

Are you wondering if there is any other popular way to may money online?

Well, there are multiple ways.

And I am not going to provide any market data here. These methods to make extra money are not very lucrative avenues.

They are good enough to make maybe a few hundred dollars a month.

Online Surveys

how-to-make-money-online-complete-online-surveys

Taking online surveys is a popular way to make extra money. Don’t expect a big cash flow. Swagbucks and Survey Junkie are two popular sites, but there are more.

But remember! Some sites will have a minimum age requirement. Some will have a minimum payout threshold. For instance, InboxDollars will make the first payment when your earnings reach $30. For additional payments, the threshold is $10.

There are sites that will give you points instead of cash. You can redeem those points as gift cards that you can use in various e-commerce stores.

You may even consider selling those gift cards at a slightly higher price. For instance, if you have a gift card worth $50, you can sell it for $60. The buyer will be more than happy to save $40 on a purchase worth $100.

Do keep in mind that you may not be allowed to take certain surveys because they might have specific requirements. So, if you are disqualified, don’t feel sad.

List Your Unused Bedroom on Airbnb

list-unused-bedroom-on-vacation-rental-sites

This is a great way to make money! If you have a spare bedroom, list it on a vacation rental site.

There will be some upfront costs. You may have to have your bedroom cleaned and replace certain items with new ones, etc.

You will even need to pay service fees.

This can work well if your property is in a good location with a high tourist footfall.

If there is a demand for vacation rental, your bedroom will become a quick way to make money from home. You can get your payment in a day.

However, you must be at least 18 years old to get into this.

Pick Microgigs on RapidWorkers, Amazon MTurk, etc.

how-to-make-money-online-pick-microgigs

There are certain websites like RapidWorkers and Amazon Mechanical Turk where you can find micro gigs or small online tasks that will pay you in cents.

This is a popular way to make money fast. But as I said, you will get paid in cents. There will be very few jobs that will pay you up to a dollar.

These micro gigs include jobs like:

  • Click on a certain link.
  • Click on an advertisement on a certain website.
  • Watch a YouTube video.
  • Subscribe to a YouTube channel.
  • Create an email account, etc.

The more you work, the more of those cents add up over time. The best part is that you don’t have to sell products online or do difficult tasks.

Some gigs will take a few seconds to complete while some others may take a few minutes.

Do remember that you get paid only after the employer approves your work. This can take a few minutes to a few days.

Once the work is approved, your compensation will be added to your account balance. You can withdraw the balance later when you reach the minimum payout threshold.

Test Websites and Apps

become-app-website-tester

Have you heard of a site called UserTesting.com?

That’s a website where you can earn money by telling how well or how bad an app or a website is working.

You may find other similar sites to test websites and apps. Just do a Google search (or Bing, if you prefer).

How does it work?

For UserTesting.com, you must pass a small test to get accepted as a tester.

If you get accepted, they will pay you $10 for every 20-minute test (here test refers to the testing). For each test you conduct, you must record the test and answer four written follow-up questions.

If you accept a video conference call with the customer after you complete testing, you can earn up to $120.

It is needless to say that the more you test, the more you earn.

Publish eBooks

how-to-make-money-online-publish-ebook

Start publishing and selling eBooks.

You can write a story or a novel and sell it as an eBook on Amazon, Scribd, etc.

It is not necessary to write creative stories and poetries. You are free to publish eBooks on anything.

For instance, you can write a book about animal facts. Your target audience will be school kids.

There will be some learning curve.

You must learn how to publish books in different eBook formats. You may have to use a manuscript editor to eliminate errors.

There will be some work with the cover design for which you may need a professional designer. That will cost money.

I will be honest here.

I have seen some of the crappiest novels and stories on platforms like Scribd and Amazon. Dozens of those stories and novels are just rip-offs and spin-offs.

For example, my wife is a big fan of romantic novels and she has active Scribd and Amazon Prime subscriptions.

All the novels she reads are crappy as fuck (please pardon my language).

They have a very similar storyline – a young billionaire, a poor girl, love at first sight, mindblowing sex, and so on.

I can write a dozen of those stories in as little as a month.

Still, people read. So, there is a big chance to make some good money.

TikTok Consultant

become-a-tiktok-consultant

If you:

  • Can brainstorm video ideas,
  • Know the secrets of viral video making, and
  • Can write super awesome videos.

It is time you become a TikTok consultant for brands and assist them in creating videos that can help them to reach more potential customers and engage with them.

This is one of the most realistic ways to make money online.

TikTok is relatively new and it has immense potential. Brands are aware of this and they are willing to pay big to anyone who can assist them.

So, put your talent to use and make money by selling your consultancy service.

You can charge hourly or go for a fixed-rate model.

If you don’t have the necessary skills and still want to get into this consultancy business, you can take this course to get started.

Here is a small problem – TikTok may get banned in the US just like India banned TikTok on June 29, 2020.

After all, it is a Chinese app and the world is waking up to China’s misdeeds.

How to Make Money Online: Summary

Everyone wants to make money online. You are not alone. However, to narrow down the best ways to make money, you must first know, understand, and list your skills.

Honestly, there is no easy way to make money. It requires work, patience, and consistency. You must market your skills and deliver quality to make people return to you again and again.

You must strive to generate a recurring income stream instead of eyeing a one-time gig for some fast cash. There are many opportunities to make money online by selling your skills and products.

If you can make your mojo work on clients, followers, and viewers, creating an online income stream will be relatively easy.

Good luck!

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Icons used in all images are sourced from Flaticon. Since there are too many icons, individual attribution is not possible. Icons are properties of their respective creators.

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