Whether you’re struggling financially or just want some extra cash for luxury, it’s possible to boost your income by making money online.
A quick Google search will reveal a multitude of ideas, but some are more viable than others.
The events of the past couple of years have made everyone more aware of the digital possibilities, but that doesn’t mean that every online business is a true earner.
We take a look at five ways to make money online that offer real earning potential.
What it is not…
Before we look at the five options we believe can generate income, it’s worth pausing for a moment to highlight what isn’t working.
You’ve probably read these types of guides before and weren’t inspired by the rather basic or impractical suggestions offered.
Earning money online shouldn’t involve any type of MLM; these schemes are highly touted, but only a few people at the top make money. Don’t get sucked into claims that you could be making thousands of dollars every month, because that’s just not going to happen.
Make colossal money instantly. Any scheme that promises huge returns overnight is unlikely to be genuine. There are ways to earn a stable income, and that can become substantial, but beware of anything that promises instant and huge gains.
#1: Teach something
You may not realize it, but you have skills that other people want, and they will pay for the privilege of receiving your knowledge. It can be an academic subject, or something practical, or even just an everyday task that you are particularly good at.
If that seems unlikely, just look at the rise of social influencers who have made large sums of money teaching other people how to clean their house. Every type of knowledge can be monetized if presented in the right way.
You can choose to give live lessons where students can interact, or you can record sessions that people can purchase and download. Another option is a group where customers pay a membership fee to join, a place where you regularly post snippets, tips, and advice.
One of the advantages of this option is that you can expand it and make a whole career out of it, and you won’t need to invest a lot of money to do so. Conversely, it can easily be kept on the sidelines of your usual work. It is a very versatile option open to everyone.
#2: Sell your photos
Rapidly changing technology means you no longer need an expensive setup to be able to take great photos that someone else will want to buy. Whether you have a new Canon DSLR or just a really good smartphone, if you have a knack for taking photos, it’s possible to turn that skill into money.
Selling your photos on storage sites is perhaps the easiest route; giving a few images as freebies can help build a following. Researching the most popular niches and image searches will give you an idea of what is most likely to sell.
You can also create an online store, such as Etsy or on Facebook, to sell prints of your photos. This can be a digital file that customers download or a physical item that you will need to post.
A final option is to sign up for a service that will print your images on products such as mugs, bags, and t-shirts. Registration costs nothing and you will receive a discount on each purchase made.
#3: Casino Bonuses
Gambling might seem like a bad idea if you’re trying to generate a guaranteed income, but it’s not as crazy as it sounds. There are ways to receive free money from casino sites without having to spend a single penny of your own money.
Use of online casino bonuses means you don’t need to deposit your own money. Casinos are very keen on recruiting new players and offer great incentives to join them, such as no deposit bonuses.
That’s exactly what they say: you don’t need to deposit any money, but you will receive a bonus. Play at the casino using the bonus, and if you win, you keep the money. The added benefit here is that you can enjoy some online games for free!
All casino bonuses have terms and conditions, so you will need to check each one. There may be restrictions on the games you can play, wagering requirements or a cap on the total you can withdraw. But if you consider every penny you earn as 100% profit, there’s nothing to lose and everything to gain – and it can easily run alongside your regular work without causing disruption.
#4: Independent work
If you are looking for a second job, self-employment gives you the opportunity to create income as the need arises. You choose the hours of work and the projects you want to carry out. This allows you to fit around your main job and maintain a good work/life balance.
Sites like People Per Hour, Fiverr, and Upwork are great places to advertise your skills because you won’t need to pay. You can also respond to requests from freelancers by setting your own price for carrying out the work.
There’s just about every type of freelance job you can imagine, so it’s not hard to find something that matches your skills. From IT development, translation and writing to data entry and social media skillsthe demands of freelancers are very diverse.
It may take some time to get your first client as you will be competing with other freelancers in the field. But if you start by offering competitive rates, once you have your first client and good reviews start rolling in, you’ll find it much easier to get a steady stream of freelance work.
#5: Get your craft
Are you the person who makes beautiful handmade gifts for Christmas and birthdays? Maybe you draw pictures, sew hoops, or knit and crochet. Whatever type of craft you are capable of doing, you will find that there is a booming market for people with your skills.
With a growing move away from mass-produced goods and cheap labor, more and more people are looking for handmade and bespoke items. This has led to an increase in demand for handcrafted items of all kinds.
Etsy and Folksy are two of the best sites for selling crafts, and they’re a great place to start for inspiration. Use social media to share your link and build a following, and you’ll generate sales as a result.
Depending on your trade and your prices, this is another versatile option that can be run alongside your main job or possibly expanded into a full-time income.