Earning Money online
According to Nasdaq, by 2040, it is estimated that 95% of all purchases will be through eCommerce. With the Internet becoming an intrinsic part of our lives, people are constantly looking to jump on the bandwagon and create additional streams of revenues, in some cases even completely replacing their 9-5 jobs.
However, like everything else in life, earning money online is a game of patience. Some people invest or start their online eCommerce blogs and websites with high expectations. And after some time, when the reality kicks in and there is no explosive growth which they expect, they give up. Unfortunately, even till this day, people think that growth is linear – while in reality it dances in waves of peaks and valleys.
With that being said, the online industry is a sector that is experiencing a parabolic growth. And it would serve as a great addition to your revenue stream if you can make use of this opportunity. Here I will discuss 5 ways to make money online for free:
- Making Money with Bitcoin
Bitcoin is one of the most undervalued assets of our time. With the current financial system being regulated by third party institutions i.e. central banks – people are starting to realize that they are not REALLY in control of their money. There are so many examples of people and even countries being sanctioned and their assets are completely frozen.. poof, all gone! Add to this, the crazy inflation that is happening due to uncontrolled printing of money. The financial system is almost doomed to collapse. Bitcoin, on the other hand, being a peer-to-peer network has no third party that controls the flow of transactions and provides an answer to this problem. Therefore, it has a lot of potential to grow tremendously in the future.
- Make money using affiliate marketing
If you really want to be rich in life, you have to make money while you are sleeping. Affiliate marketing is one such method and people have successfully used this to completely quit their job and earn 6-figure sums every year. The great thing about this is that you do not need your own product or item. There are several websites that allow you to pick and choose certain products. All you must do is use your marketing skills and make a sale and earn commission as a result. It’s that easy. Some people take it one step further and start their own blogs to create a customer client relationship and establish a long-term business through affiliate marketing.
Freelancing is basically being your own boss. While freelancers may take contracts and work for certain organizations, ultimately, they are self-employed. The good thing is the more you pursue freelancing, you more you will end up creating your personal brand, and hence establish a network of returning customers. One of the most important things which is required to be successful in everything but specially for freelancing is outvaluing your competition. There are various freelance gigs and jobs that you can start, some of the well known ones include, social media management, Instagram shoutouts, creating logos, writing blog posts & comments, creating voice overs, proofreading, translating, transcribing, developing WordPress websites, etc. All you have to do is master one of these skills (or anything else you may be interested in) and you can start earning some side bucks through freelancing.
- Virtual assistantship
Virtual assistantship is basically providing your services to handle administrative tasks of people for a certain period of time. As the name suggests, the assistant works virtually and can work from anywhere they prefer. Some of the common virtual assistantship tasks include: data entry, email management, calendar management, social media management, visibility & outreach, etc. Depending on the number of tasks that are undertaken, virtual assistantship can serve as a small side hustle and become a secondary source of income.
- Online tutoring
One of the industries that has really taken off, specially post Covid-19, is online tutoring. There are several websites that can be found where you can signup as an online tutor and start offering your services. The steps are pretty common and it includes, setting up your profile, listing your expertise and getting tutoring jobs. Online tutoring is pretty flexible in the sense that you can schedule your classes when and however often you want. It is also super convenient since you can do this from almost anywhere in the world as long as you have an internet access. Similarly, there are also websites where you get paid to answer certain questions that may relate to school or college level problems. Again, depending on your preference, you can choose your method of tutoring and start earning some money on the side.
ABOUT THE AUTHOR
Fahim Ahmadi is an entrepreneur, blogger and marketer. Follow Fahim at fahimahmadi.com as he writes about making money online, emerging software and technologies, and his journey as an affiliate marketer