Thanks to the increased connectivity of the world, attitudes to earning money have completely changed. Once upon a time, most people relied on one job as their one and only source of income. But the Internet has changed all that.
Countless social media influencers, financial experts, advisors, etc., offer all sorts of weird and wonderful advice about the simplest and fun ways to make money. However, it is always up to the individual to access and evaluate what most likely work for them. So, for example, perhaps if someone suggested playing fun bingo games at Foxy Bingo was the way to go, one would have to seriously consider whether that was indeed a viable option. But there are a few online activities that have proved over time to be a reliable source of income, and these are:
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Dropshipping
Dropshipping is a business model which basically allows you to set up a small shop online. If you have a few hours a day to browse and choose products, add a personal description and promote them through your social network sites, the actual supplier will do the rest, packaging and shipping the product to your customers. All you have to do is invest the time, no money down, and pick up the commissions.
Affiliate marketing
Affiliate marketing might go up and down in popularity in lists like these, but a thriving affiliate business can provide a steady source of income. The best way to make money this way is to develop a website with high-quality content that attracts hits. Then, all you need to do is strategically place affiliate links in your blog posts to earn a commission from sales of retail products, software, apps, and more.
Of course, this requires you to invest both time and money to make the website. And then, you’ll either have to write the content yourself or pay a professional to do it for you. But once you get it off the ground, an affiliate website can keep the cash rolling in for years.
YouTube channel
To monetise your YouTube channel, all you have to do is attract 1,000 subscribers. Then you can officially earn money from YouTube ads. Of course, this milestone isn’t reached overnight or without effort. But if you create content that people want to watch, it is achievable.
The best performing videos all involve high-risk stunts or pranks where the danger of getting punched in the face is real. But if you’re not up to this, there are other things you can concentrate on. If you have a passion for something and a knack for expressing it, you can easily create a Youtube channel with content that like-minded people will want to watch. This can be your own self-produced videos, or carefully curated content by others, or a mixture of both.
Create an online course
Speaking of monetising your passion or hobby, another way to do this is to create a Udemy course. Just decide on your niche, and then look at what is trending within it. If you can create a course that explains this in simple and easy steps, it will market itself.
Publish an ebook
Making an online course to share your expertise in a particular field on Udemy or similar platforms involves talking to a camera. If you’re not comfortable with this, you can write a book and sell it through Amazon Kindle Direct Publishing. And if writing is not your thing either, you can also hire someone to do it for you or even use an AI writer.
Day Trading
If you’ve got time to follow the financial news, day trading can be a good way to pick up some extra cash. There are a considerable amount of resources out there from which you can glean information as to what stocks are hot or not. Reddit forums and the like have helped make people rich from this activity. But they’ve also lost people small fortunes, so don’t get carried away. There are actually automated programmes that can be used to buy and sell stock when it reaches predefined highs or lows. The returns might not be as much as hitting the next big thing will provide, but for the minimum time and effort involved, they are worth it.
