7 Innovative Ways to Make Money Online
7 Innovative Ways to Make Money Online
With the world now more interconnected than ever, there are many obvious advantages – and disadvantages – thanks to these changes. The ability for anybody with an internet connection to enjoy entertainment, learn new skills, communicate in real-time across the globe, and even earn a living has helped spark countless groundbreaking ideas and trends.
As more and more people find themselves earning a living from the comfort of their own homes, you may be tempted to get in on the action as well. If you have a particular skill – or are merely willing to learn something new – then there’s a good chance you can earn an income online. Today, we’re going to cover seven innovative ways that you can earn a living online beginning right now.
One increasingly popular option to make money online is being found in the newer binary options sector. If you’re familiar with prediction markets, then you already have a good idea how this works. In short, binary options involves buying or selling options based on a simple “yes/no” proposition. For example, if you believe a major Fortune 500 company’s stock will be at or above a particular price next week, then you buy said option; if you believe it will not be, then you sell the option. There are many binary option platforms available, such as Stern Options, for those seeking to use their expertise and knowledge in one or more areas to make money online.
Did you know that there are plenty of businesses out there willing to pay you for your input? Online surveys provide brands with valuable information about various demographics, products, services and ideas. In order to more adequately market products and deliver results, these companies will pay people to take surveys if they are relevant to the person. You’ll find many survey websites available on the web that allow anybody to sign up and begin taking surveys in minutes. While not necessarily the most lucrative way to earn a living – you’ll likely average less than minimum wage – it is a quick and easy way to earn a bit of income when you have nothing else work-wise.
Be a Freelance Writer
If you have a particular knack for writing, then you can earn a solid income by creating content for other people. Businesses and individuals alike are looking for content that can be published on their blogs and websites. In many cases, they’re willing to pay others to write this content instead of taking the time to do it themselves. With a variety of freelance hubs like Fiverr out there – as well as a number of community forums like DigitalPoint – those new to the game can quickly plug themselves into the world of freelance writing. Once you have developed a bit of a portfolio and reputation, you can easily make more money per hour than you’d earn at most office jobs.
Try Affiliate Marketing
Another great way to make money online that is solely possible thanks to the internet, affiliate marketing has been used by individuals for years to earn passive income. The way it works is simple: build a website complete with special links to products, optimize that website for search engine results, and get paid each time somebody who visits your website makes a purchase. This is a great alternative to your standard e-commerce model because there is no upfront cost with respect to purchasing inventory. You simply send traffic to websites that are already selling products! Virtually every major retailer has an affiliate marketing program, with many of them being quite easy to join. Depending on the product and affiliate network, you can earn anywhere from one to ten percent of the retail price of products sold.
Become a YouTube Sensation!
If you have an ability to make people laugh, teach people something or otherwise possess an intriguing talent, then take a look at YouTube. If you have the time and patience to build up an audience, you can earn anywhere from tens to thousands of dollars producing your favorite content on the internet. There are plenty of YouTube sensations and even more YouTube success stories, but the key to earning money on YouTube really boils down to pleasing your audience. If you can create content that genuinely pleases people – whether it makes them think, laugh or act – then you’ll rack up the views (and money) in the process.
Rent Out Your Extra Space
Do you have a spare room or guest house not currently in use? If so, then there’s a good chance that you can earn a substantial income by renting that space to people in need. Through sites such as Airbnb, travelers connect with hosts in order to rent rooms, homes and apartments for lower rates than what hotels and motels offer. If you don’t mind accommodating people from time to time, you can earn anywhere from $500-$1500 per month just by renting a single room in your home; even more for larger spaces. It all depends on where you live and how much demand there is for accommodation, but renting your extra space is definitely worth checking out.
Sell Items Online
While it might take a ton of work to set up your very own online store, there are plenty of outlets for selling your used items and goods via the internet already in place. Instead of lugging your items to a yard sale or flea market, consider using the power of online social media groups that allow people to list items for sale. Additionally, websites such as Craigslist and Facebook’s Marketplace connect buyers and sellers and allow you to sell items without even leaving the house. If you’re willing to do a bit more work and can invest in it, you can also consider flipping items through these venues: find low-priced items for sale, snag them up, and then resell them for a bit of profit.
While you might not be able to take advantage of all seven of these innovative moneymaking solutions to make money online, you’ll certainly be able to find at least one that lines up with your skills and ability. We hope that this list has inspired you to dig deeper and unleash your entrepreneurial self via the internet: let us know how it goes!