You might have read or heard the phrase that the world is a global village. Well, it wasn’t before the internet stepped into the picture.
It has brought a drastic change to our society in terms of literally everything. Whether we look at it from the aspect of connectivity, or we analyze our day-to-day routines, there’s a lot that depends on it now. In between all that, the internet has also changed the way people earn.
For a normal person, earning money is not limited to having a traditional 9-5 job now. As long as you have any skill, you can earn good money, and all of that, at the ease of your home. As long as you can get the job done, you can find several opportunities that can help you to improve your skills and earn a handsome amount at the same time.
So, if you are interested in starting a passive income source along with your job, or want to quit the job for good, the online world is open to you. Here are 5 ways to earn money online in 2021 that can help you to generate an income of more than $1000 per month easily. These include freelancing, blogging, affiliate marketing, drop shipping, and online selling. To find out more, let’s have a look at these in a detail.
Freelancing is considered one of the easiest ways to earn money online as you are not required to invest any money in that. All you need to have is a skill that you can sell and a good internet connection such as fiber gigabit with CenturyLink internet.
There are several platforms such as Fiverr and UpWork that allow people to create their accounts and post gigs for what they can do. Top freelancers earn more than $10000 per month or more by investing few hours of their time every day. Whether you are a writer, can design logos, build or design a website, or have any other skill that someone is looking for, you can earn well.
2. Online Selling
Online selling is a great way for individuals and businesses to sell their products or services directly to their customers and increase their reach in the market. This is particularly a good way to earn money if you have a product or service that you can provide.
For online selling, there are two ways that are widely used. One is to create your own online store and sell products. The second option is to sell your products using third-party platforms and marketplaces. For instance, Amazon allows sellers to create their accounts and list products that they want to sell in order to earn revenues. Whenever an order is placed, the seller is notified so that he/she can ship that product. Amazon also allows the FBA model where it takes care of everything from packaging to shipping for the seller.
Other than Amazon, there are hundreds of other global and country-specific platforms where you can list your products and earn a handsome amount.
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Drop Shipping is a concept similar to online selling, but it doesn’t require you to have your own product. What you basically do is that you create an online store where you sell products that are offered by third-parties and different suppliers.
Whenever a customer places an order, you notify the supplier and they ship the product from their end and you get your percentage. The best part is that you don’t have to keep or manage any inventories or offer your own products.
On the other hand, the downside of dropshipping is that any mistake made by the supplier would directly affect you as you are the front of everything. Whether it is a shipment delay or a damaged product, you will have to manage everything on your own.
4. Affiliate Marketing
If you don’t have a product to sell or don’t want to spend your time and money selling someone else’s products, affiliate marketing might seem attractive to you.
In affiliate marketing, you don’t necessarily need a website or a blog. Moreover, you don’t need to spend a lot of money on placing ads for products that you don’t even own. You will simply earn money by recommending some product to the customers. Big companies get sales and you get paid for your recommendation.
Platforms like Amazon, eBay, and many others offer a good commission rate for that and every sale of the product through your referral earns you a good amount as per the decided percentage. You can use any platform for that including social media, YouTube videos, blogs, or anything.
Blogging is another great way for people to earn money online with little to no investment.
If you are a writer, you can start your free blog using WordPress and write about what you love. Once you have an audience, the path to earning money will open. You can choose from placing ads to posting paid content or combine it with affiliate marketing. The basic thing you just need is the best laptop for blogging to start.
In case you are not into writing but can make videos, the best way here would be to upload them on YouTube and monetize once your audience is built.
Earning money online is not difficult but it is not exactly a piece of cake as well. You might start freelancing and not get an order during your first few weeks. You might go for blogging but struggle to build an audience. Whatever you choose to do, always keep in mind that it is going to take time and in the end, it will be all worth it. People are literally earning thousands of dollars online, so can you.