Buying a piece of land in a city such as New York, San Francisco, Honolulu in Hawaii or in Washington is an almost impossible dream. The prices are so high that the average person doesn’t even dream of owning a fraction of an acre in any of the above cities.
It seems like all the land is already owned by big corporations and the ultra-wealthy.
To own pieces of land in the expensive cities, one has to have loads of money, go through government procedures, pay taxes and fill an enormous amount of paperwork.
Think of the internet as a piece of land. An enormous piece of land that has no beginning or end. A piece of land that you can own without permission, loads of money or government procedures.
You can own a piece of this land by setting up and online business, blog, teaching a course online, having a youtube channel, setting up a consultancy gig via video calls, hosting a podcast, the list is endless…
Make money working from home
A lot of us have dreamt of making money online. We’ve fantasized about how it feels to chill by the beach in Bali or Bora Bora, sipping our favourite drink while the monies just flowing into our bank accounts.
I have thought about it a great deal; which is one of the reasons why I started this blog.
There’s also the immense desire to escape the 9 to 5 work life. To escape the rat race. To finally make enough money to sustain our dreamy lifestyles.
The COVID-19 pandemic has shown us outright how fast we can lose our ‘permanent’ jobs.
If you haven’t lost your job (yaaaaaaaay!), you know a family member, co-worker, friend or neighbour who has lost theirs.
If not, you know people who have been placed on unpaid leave till further notice.
I have a friend who got handed that one…and our reaction was ‘what does till further notice even mean?’
Do you sit and wait to be reemployed?
Start considering yourself jobless?
Register for unemployment benefits?
Do you start looking for jobs elsewhere?
Others around the world have to bear with pay cuts as high as 60%.
How do you begin to adjust your bills?
42.6 million Americans have filed for unemployment during this COVID-19 pandemic. This was the figure as at the time of publishing this article.
Taking care of our mental health during this period should be a top priority.
This is also the right time to think about how to diversify your income by making money online.
Almost all businesses are moving online now. This is our new world. You should get a piece of this internet pie as soon as now.
This could be through generating a passive income or full-time income since working from home is the new normal.
The internet offers many ways to make money online. You could do this part-time or fulltime.
8 ways to make money online
The key ingredient to make money online is discipline. And consistency.
This is especially true if you want to build a clientele. It takes time for people to buy into your business and to trust you enough to buy your products or services.
1. Blogging-Google Adsense
Of course, I had to start with the one I have tried and tested.
Any time you visit a popular website, you see ads. Right? Well, some of them can be quite annoying because they prevent us from viewing what we’re interested in. But, the owners of those websites make money through those ads.
When you click on the ads and make a purchase, they get paid. Google places those ads on their sites through Google Adsense.
When you register your website/blog through Google Adsense, Google will track the number of visitors that visit your site. If it’s a significant number, you get to earn through ads.
How come there are no adds on Blooms & Smiles? Well, mine is still a work in progress. I still don’t have enough visitors to earn an income through this site.
As I mentioned, it takes discipline and consistency to earn money online. To be honest, I haven’t been very consistent here, but this pandemic has presented the time for me to do just that!
2. Affiliate marketing
When you visit other websites, have you seen ‘this site is a participant in the Amazon Services LLC Associates Program’?
What this means is that any time they link a product from Amazon on their site and somebody happens to click on it and makes a purchase, they get paid by Amazon.
As long as you have a website that has thousands of visitors or readers per day, you will get paid by businesses to advertise for them.
Same thing that happens on YouTube or Instagram. Influencers review products or services and get us to buy them. In this way, they earn from the companies for each product sold.
You can earn through affiliate marketing too. Are you good in front of the camera? Start a YouTube Channel. Good at speaking and sales? Start a podcast. Can you write? Start a blog.
Find something you’re passionate about. Or something that is natural to you, your talent. Monetize it online.
This is the easiest, cheapest and fastest to start. And the fastest way to earn money.
Are you very good (an expert) in any field? You can be a consultant. From today! Now!
I have a friend who is very good at personal finance. She was stuck in debt for a few years, then one day decided that she wanted to get out of debt. She read many personal finance books, did a bookkeeping course online and started tracking her expenses.
In less than 2 years, she had gotten out of debt. She also had these very well organized excel sheets of her budget, savings, investments and all things money.
One day as she was talking to a workmate. The workmate mentioned that they were struggling to track their spending habits. My friend offered to help the workmate, at a fee. And that’s how she launched her business as a personal finance consultant.
But that’s not an online business! Yes, during the pandemic, she would meet her clients via video call.
What are you an expert in? Tell people about it. Ask them if they need help. Charge them for your knowledge.
You can also set up a free account on clarity.fm. You register your skill and hourly rate then get paid for each person that calls you for advice.
4. Teaching an online course
I started this blog in Nov 2016. Almost 4 years ago! Since I have been struggling with social media marketing and monetizing, I paid for an online course to learn the two skills.
And it cost me a whooping $297. Can you imagine how much the creators of this course make per month by selling these courses? Some make up to $100,000! You read that right.
If you’re an expert in a field and you can create an online course to teach others of the same, do it. Taking online courses is the new normal.
Every time you listen to a podcast and you hear ‘This podcast is brought to you by…’, know that the podcast owner is getting paid.
If you love having exciting conversations about …well, any topic! you can earn money through podcasting. Love reading? Start a podcast and host people to discuss the books. Passionate about money? Start a personal finance podcast. Anything that excites you can be turned into an exciting conversation.
And the most exciting thing about this is that you can get better on the job. You’ll start off feeling like you don’t know how to edit podcasts, but there’s always a course out there on Udemy or Coursera to learn every skill.
6. Freelance writing
63% of freelancers interviewed by Upwork and Freelancing Union said they’re freelancers by choice. More and more people are choosing non-traditional work.
Some sites that have millions of views and earn a lot through Google ads, affiliate marketing and other sources. With this, they’re able to pay their writers $100 per article or more.
Keep in mind that for this, you’ll need to be consistent. To build a following so that you can earn. It might take a while, but when the money starts coming in, you’ll be happy you started and stuck with it.
If this is a path you’re interested in, check out this report by Forbes. It shows how much the most popular YouTubers earn. The highest-paid person earned $16.5 million in a year. That’s literally crazy money!
Zoom, a popular video calling site is currently valued at $40.5 billion. It’s valuation shot high during the coronavirus pandemic as people needed video calls to work from home.
There are many more video calling apps and sites. Some are free to use!
How can you use this to make money? You can host free webinars as a way to market your consulting service. If you are an expert in personal finance, you can offer free tips on personal finance then direct people to your website to read more, buy your courses.
You can also set up paid links where people pay for your webinars before they join. If you’re known for offering good services, products or being a good speaker, people will join.
Related: 9 work from home tips
Work from home business ideas
All the 8 ways listed above are work from home business ideas.
Other ideas include:
Are you a grammar nazi? Well, it’s high time you started getting paid instead of cringing at badly written work or misspellings!
Proofreading involves checking written text for spelling mistakes, grammatical errors, improper punctuations or any other errors.
Basically, you get the errors and correct them. Here comes your work from home career as an editor!
This needs training (no university degree required). All you need is a keen eye for finer details.
This is also a freelance gig. You’ll be editing books, websites, legal documents, contracts, blog posts etc
It’s a perfect job for work from home moms or students.
Websites where you can find proofreading jobs:
This is basically turning audios into written text.
You need to be able to type fast if, for example, if a lawyer hires you to transcribe a 5 hour audio of a court hearing.
If you can’t type fast, don’t worry! You can practice for 15 mins every day on keybr.com. As said earlier, you can learn almost anything as long as you’re dedicated!
You can learn how to transcribe from transcribe anywhere.
The most awesome thing about them is that they give you time to decide if transcribing is for you. How? The first part of their course is free!
3. Virtual assistant
You’ll do this 100% from home. In your pj’s! And cozy socks.
People will hire you to do their tasks such as:
- Managing diaries-scheduling meetings, booking appointments, scheduling work, admin tasks.
- Social media marketing.
4. Teach Chinese kids how to speak English
Have a laptop and a webcam? Can you speak English proficiently? Are you eligible to work in the USA?
If you answered yes to all the above, then check out VIP Kid.
Do you love Math and numbers? You can earn money online through bookkeeping.
If you’re just getting started, here’s a free online bookkeeping course.
Work from home opportunities
If you want to apply for a few work from home opportunities as you work on setting up your own gig, here are legit places to start.
- Indeed.com-Work from home jobs
- Glassdoor.com-16 companies hiring for work from home jobs
- Flexjobs.com-146 jobs tagged ‘work from home.’
Whether you’re looking to supplement your income, work from home part-time or fully work from home, the internet is an enabler for all your dreams. You can do it, it has been done and continues to be done.
You mostly need the discipline, patience and a good work ethic. There’s insane competition but with a good work ethic and consistency, you can be the next self-made millionaire.