Have you been looking for ways to improve your financial situation? If so, why not create an online venture and have yourself one or more passive sources of income on the internet?
There are multiple methods to try working online, and if you want to find out what some of the best options are, this article should come in quite handy.
Method #1 – Create Merchandise
You could create your own custom merchandise thanks to available online services that give you the supplies. Not needing to invest in printing equipment means that you can focus on customer service.
Even if you lack the creativity to come up with interesting merchandise designs, you can still make money using this method. Find a graphic designer willing to collaborate and turn your business idea into a joint venture.
Having someone else working on the designs would give you more time to promote the merchandise on social media, forums, and other available marketing channels.
Method #2 – Start Dropshipping Venture
According to multiple ecommerce statistics pages, about 71% of shoppers believe they will get a better deal online than in store. Brick and mortar stores are not dead, but it seems like they are becoming less popular every year. Besides, you have a pandemic that makes it more convenient to stick to online shops.
Besides regular e-shops, you can also find plenty of dropshipping websites. People pick a niche and a product and promote it by dropshipping it. Since there is no need to pay for inventory and shipping, one can make decent money by running multiple dropshipping projects if it is possible to manage.
Method #3 – Teach Online
Do not think that teaching online is about kids learning remotely. No, many adults are looking to learn, particularly if it helps advance one’s career.
There are a couple of ways to teach others on the internet. You could get in touch with interested individuals and hold one-on-one classes via video chat. As an alternative, you could create in-depth courses and publish them on platforms like Skillshare and Udemy.
Video tutorials on YouTube are also worth giving a shout, though making money on YouTube with this content may be too hard given how difficult it will be to attract views and monetize a channel.
Method #4 – Write a Blog
Blogging can start as a fun hobby, and a means to express yourself. If you have a way with words and like to write and share ideas with others, then blogging sounds like one of the best options to profit from an online project.
Some of the best bloggers had plenty of time to get ahead and establish themselves. Nevertheless, competition should not be a thing to worry about if you are serious about monetizing a blog.
You can run ads, advertise digital products like online courses and e-books, and create a Patreon page for crowdfunding.
Method #5 – Complete Online Surveys
Online surveys do not sound like the most exciting method. However, if you have only an hour or so to spare every day, you can spend that time filling out online surveys.
You should manage about five surveys in an hour since one survey takes about 10 to 15 minutes on average.
Swagbucks, Inbox Dollars, and CashCrate are some of the most popular services to make money by completing online surveys.
Also, keep in mind that switching to your smartphone or tablet may give you new options if you run out of available surveys on your computer. Some services offer different surveys for different devices.
Method #6 – Stream on Twitch TV
Streaming on Twitch TV is not for everyone, but if you have an entertaining personality and would love to interact with an audience, then this method might be something up your alley.
Top streamers on Twitch make six figures, though it took them a long time to reach that point. At the same time, if other people have managed to reach that point, so can you.
While the platform is associated with video games, there are other channels. Music, cooking, and talk shows are just a few examples. Do not worry if you are not a gamer.
When streaming, focus on maintaining a schedule and engaging with your audience. Once things pick up, the money will come from viewers who donate and subscribe.
Method #7 – Work as a Virtual Assistant
The demand for virtual assistants is pretty high given how many entrepreneurs lack time to finish their work, and hiring a pair of helping hands is a common solution.
You can find virtual assistant gigs on Fiverr, Upwork, and social media groups for freelancers. The work depends on what your employer asks you to do. Some virtual assistants are in charge of creating a schedule, responding to emails, answering phone calls, and gathering information.
These tasks are quite basic, but if you can prove your worth and earn trust, you can expect more complicated work that will also lead to a raise in salary.