Did you know that 63% of Americans live paycheck to paycheck? There are several reasons this can happen.
Perhaps you have too many bills and too much debt for your income to support. Maybe you don’t make enough money. Maybe you’re caught in a cycle of borrowing money and accruing interest debt.
Whatever your reason is for struggling financially, there’s good news. It doesn’t have to be this way. You can find ways to make extra income from the comfort of your own home.
You might be thinking, “I don’t have the skills or qualifications.” However, many of these jobs are entry-level side hustles that almost anyone can do.
Don’t believe us? Keep reading for seven of the most common ways online entrepreneurs make extra money online.
1. Become a Blogger
First, consider creating and monetizing your own blog. Start by identifying potential niches or categories you can write about.
What are you particularly skilled or knowledgeable about? Do you have unique ideas and opinions about certain areas of life? It could be parenting, politics, hobbies, fitness, healthy eating, etc.
Create content your target audience will find engaging, informative, and valuable. Then, use SEO and other digital marketing strategies to increase your website traffic.
Finally, explore ways to monetize your blog. Common monetization methods include affiliate marketing, Google ads, Amazon affiliate marketing, selling your own products, selling exclusive online content, and more.
2. Become a Content Writer for Other Businesses
If you like the idea of writing but don’t want to deal with the hassle of creating your own blog or doing your own marketing, consider writing content for other business blogs. You can create a portfolio and resume with samples of your writing and reach out to small businesses.
Alternatively, find umbrella companies that hire online writers. This is beneficial if you don’t know how to sell yourself and obtain your own clients. The companies will provide the clients and pay you for your work as your employer.
If you’re looking for tips on how to make extra income online, this option is difficult to beat. Look for a company that pays well and is able to provide you with as much work as you desire to complete.
3. Create and Sell Products Online
If you’re creative and have a fantastic idea for your own product line, you can do it all from the comfort of your home. It doesn’t matter if you create unique clothing designs, handmade jewelry, or want to sell your art.
There are various ways you can get your products on the digital market. Use Facebook, Instagram, Etsy, YouTube, and other platforms to increase your online presence and generate more leads.
If you have products that you can’t create yourself, find a dropshipping manufacturer. They will create the product based on your design and ship it to the customer. Obviously, they take a large cut of your profits but it allows you to be relatively uninvolved in the manufacturing, storing, and shipping processes.
4. Completing Various Paid Tasks Online
Next, let’s talk about good ways to make extra income online through paid tasks. We’re not talking about a job, like writing or blogging, however.
For example, Remotasks provides a crowdsourcing service where people like you can complete micro tasks for a small payment. Together, these tasks completed by various people produce the final product, content, etc.
These tasks include things like data entry, moderating content, transcribing audio clips, tagging images, categorizing data, and more. You can log onto these websites and choose from a list of tasks you want to complete.
You should also look into completing paid surveys. The business world thrives on data. Companies and other organizations are always looking to improve their marketing strategies and sales numbers.
They can learn more about consumers by creating surveys covering a wide variety of topics. Furthermore, they are willing to pay people like you to fill them out honestly and objectively. You can significantly supplement your income by devoting several hours a week to filling out online surveys.
5. Provide Remote Services
Another way to make extra income from home is by offering online services. Like blogging, this relies on your expertise. Is there an area in which you specialize that can be used to help others?
Common examples of remote services include:
- Life coaching
- Financial management
- Social media management
- Fitness training
- Tutoring (academics, music, singing)
- And more
Focus on your strengths and your skills. Some online services don’t require any licensing or certifications.
For example, if you’re an excellent guitar player, show samples of your abilities to promote your services. Then use what you know to teach aspiring musicians how to play the guitar.
6. Sell Other People’s Products
If you want to make extra money online without creating your own products or providing service, you can try selling products for other companies. There are a number of ways you can do this.
First, look into affiliate marketing. This is a form of revenue sharing where various merchants pay people like you a commission for helping them sell their products.
However, you must have a platform on which to promote these products. It could be a blog, social media profile, or email list. Collecting a wide audience is the most difficult hurdle in affiliate marketing.
7. Become a Social Media Influencer
Finally, let’s take a look at how to make extra income through social media. Becoming a social media influencer is about defining your niche, creating engaging content within that niche, and building a large following.
Once you have a respectable following (based on the platform), you can seek out companies looking to expand brand awareness. You can promote their products in your post to:
- Earn a one-time payment
- Earn a recurring payment (for recurring posts)
- Get free products
- Earn a commission per sale using an affiliate link
This is a form of affiliate marketing where you work directly with the company. There are websites and apps you can subscribe to as a social media influencer that provide a list of merchants looking for influencers to promote their products.
Looking for More Ways to Make Extra Income?
If you want to make extra income online and from the comfort of your home, look into each of the suggestions written above. Some tactics require more work than others. However, those are typically the ones that pay the most.
And if you’re looking for more financial or entrepreneurial advice, check out some of our other articles before you go. Our blog was created to help people like you be more successful. Browse through the rest of our content to find more helpful information.