Make Money Online Using These 10 Different Strategies

Interested in starting an online business or learning how to make money from home? Making money online is mainly about taking the resources or skills a person already has and making them accessible to others. Whether boosting a career as an online coach or just needing a quick solution for additional income, there are plenty of jobs for those who want to make money from home.

In the article below, discover 10 ways to make money online. The first four strategies listed are targeted at those looking for quick fixes. The last six provide long-term solutions for those interested in becoming an online business owner, coach, or influencer. 

Get a Side Hustle Running on Upwork 

Starting a side hustle by taking jobs on Upwork is one of the best ways to make money from home, and grow a freelance business. Upwork is a platform where freelancers can post their profiles, skills, and type of jobs they’re looking for. Additionally, business owners in need of freelance services can post work they need help with. Freelancers can bid on the project, helping company owners quickly find a match. In turn, the potential for making money online is endless. From small tasks to full-time contract work, there are a variety of opportunities to make money from home on Upwork. 

Curate an Etsy Shop  

Starting a shop on Etsy is a great idea for making money online for those with a creative, artisanal flair. This is a great option when starting out as an e-commerce business owner. Working with this site doesn’t involve much risk. In fact, there’s nearly no overhead. Listing items in individual shops costs 20 cents. For transaction and processing fees, users can expect Etsy to take around eight percent out of each sale. For more information on starting an Etsy shop, visit their community guidelines. 

Trade Typing Skills for Cash

For those looking to quickly make money, check out becoming a typist at a transcription site. While it isn’t a lucrative career, it can certainly contribute to monthly income. For example, on average, Rev.com pays around $250 per month for transcription services. For those desiring supplemental money sources, working for multiple sites is flexible and brings in additional earnings. Furthermore, it can bring in more cash for people who have left their jobs in order to branch out on their own. 

Take Surveys for Products, Websites, and Apps 

Possibly the simplest way to make money from home is by participating in surveys for various companies. Survey Junkie and OneOpinion rank as two of the top sites for exchanging feedback for money. Similar to transcription services, the overall money-making opportunities are pretty low. On average, people get paid 50 cents to five dollars for each survey taken. If a person dedicates enough time to taking surveys each month, though, that extra cash can add up.

Monetize a Podcast, YouTube Channel, or Social Media Profile 

Affiliate Marketing

Affiliate marketing empowers independent marketers to earn more by claiming a percentage of earnings from a product or service they promote. For example, many online business coaches or influencers will promote a product in their Instagram posts. In the post or video, they’ll give their audience their specific affiliate link, which usually provides a discount to new customers. From here, the company will share some of the earnings gained from the promotion with the coach or influencer. 

If interested in working directly with a business, ask if they have an affiliate program. Most companies that operate and market online will already have one in place. Check out their terms and decide whether or not working as an affiliate would be beneficial to you. According to an article from Investopedia, those who promote other companies with an affiliate link typically boost their yearly earnings by 5 to 20 percent. 

Sponsorships

Also, businesses often sponsor posts, videos, and podcasts from content creators who have large or quickly growing audiences. Essentially, sponsorships have different terms. Unlike affiliate marketing, the payment for representing a company is not based on commission. With a sponsorship, the company and the influencer, host, or business coach agree upon a sum of money in exchange for marketing their product or service. 

Those participating in this strategy can make money fast, but it does require a large online presence and following. As a person grows their audience on various platforms, they must make it clear where to send sponsorship requests by providing an email address for business inquiries. These are typically listed in an influencer’s bio and lets business owners know they’re looking to make money online through various online marketing tactics. 

YouTube Monetization 

For entrepreneurs looking for passive income, starting or growing a YouTube channel might be the best investment. Those with YouTube channels can make money from home by applying to the YouTube Partner Program (YPP). Being accepted into YPP gives content creators access to the platform’s additional money-making features. Current standards for the YouTube Partner Program include channels with at least 1,000 subscribers and 4,000 watched hours of content. Once approved, YouTubers can receive ad revenue and promotional payments. For more information on monetizing a YouTube channel, check out this article about YPP. 

Write and Sell an E-book 

In this context, an e-book is a magnet that attracts audience members into a business owner’s marketing funnel. Garnering interest in a product or service with a low-cost, high-value offer is part of building a relationship with clients. Additionally, it can be a great way to make money online and gain a continuous stream of leads.  

When writing an E-book:

1. First, sit down and determine how to best help your target audience. For instance, marketing consultants might write a short e-book on how to set up a basic sales funnel.
2. Next, create an outline of the book and develop the overall structure.
3. After this, start filling in the details.
4. Once the eBook is complete, invest in having it professionally designed. Working with a graphic artist can make the pages truly come to life.
5. Finally, use a service like ClickFunnels to sell the book and bring in a stream of leads for high-ticket offers. 

Become an Online Business Coach or Life Coach

Depending on your qualifications and knowledge, becoming an online business coach or life coach is a great way to make money from home. However, out of all the ways to make money online, this strategy requires a lot of front-end work and maintenance. For example, potential group members must have a place where they can receive more information before diving into a large commitment. Most online coaches create a long-form sales page that provides details about their program. Additionally, high-ticket offers typically require more nurturing from business owners. This might look like writing multiple email series that connect to the marketing funnel.

Begin an online coaching program by:

1. Deciding on the purpose of the group and who the target audience is.
2. Thinking about the needs of customers and putting together a brand strategy.
3. Building an agenda for monthly meetings.
4. Partnering content and coursework to supplement times when the group is not meeting.
5. Structuring pricing and membership requirements.
6. Creating a marketing funnel (in ClickFunnels).
7. Marketing the group online when the funnel is complete.  

Develop an Evergreen Course

Developing an evergreen course is a great way to make money online. These types of programs are called “evergreen” because they exist in perpetuity, and therefore consistently generate revenue. The pre-recorded course provides “how-to” information to customers interested in receiving coaching. For example, a person learning Adobe Photoshop might be interested in an evergreen course developed by an experienced graphic designer. 

When creating an evergreen course, it’s extremely important the program is built around a specific goal members want to achieve. For instance, a marketing expert might build a step-by-step course teaching clients how to build their first sales funnel. With evergreen courses, it’s best to keep the content as specific and explanatory as possible. Teaching too many things at once will likely confuse and overwhelm customers.

Get started creating an evergreen course by:

1. First outlining all the lessons in the program.
2. Deciding the structure, such as adding supplemental Zoom calls with members or excluding one-on-one coaching.
3. Setting the course up on Thinkific.
4. Marketing it online using the same steps listed above for starting a coaching program.

Offer Consulting Services 

Becoming a consultant is a great way for people to use their professional skills to make money online. Additionally, it helps others in need of expert help. Oftentimes, people gain consulting clients through referrals. Nevertheless, start on the right foot by having a business plan in place. Additionally, clients typically want more information about the consultant before working with them. Having a website is important for this reason.

Before starting a consulting business:

1. First, hone in on a concentrated consulting service, such as marketing, copywriting, or design.
2. Next, think about who needs this service. For example, a marketing consultant might target businesses that aren’t receiving high levels of social media engagement.
3. Finally, develop a simple website that provides more information on the company owner, business mission, and services offered. Adding testimonials and portfolio examples from previous clients also boost credibility.

Build a Marketing or Web Development Company

The money-making idea above is for people branching out on their own. Yet, in many cases, companies start with one or more people already on board. Teaming up with a group of consultants and freelancers can expand an online business owner’s capabilities. Staying competitive means developing the best team possible, especially for those offering marketing and web services. The more achievements and experience highlighted, the more likely customers will choose your business. 

With that being said, start lean and discuss working with part-time employees on a contract-level basis. When hiring new team members, look at company needs, and grow accordingly. 

The More Effort, the More Money

Making money online is similar to any job. The amount of time and effort spent on the project determines how much a person earns. While more work-intensive strategies like starting a business in coaching or consulting require more work, there are also more opportunities with these options. For example, the richest person in the world started his online business in his garage. Now, almost three decades later, Jeff Bezos and Amazon have scaled to unimaginable heights. This goes to prove that, with the internet, the right idea connected to the right audience can result in an incredible outcome. 

Need more information on how to make money from home, or create your own company? Read these articles next:

How to Start an Online Business from Home

Starting a Business: 10 Steps for New Entrepreneurs

Business Plan Outline for Entrepreneurs